The MOU is legally binding for six months to give the parties time to negotiate a joint venture agreement to explore for coalbed methane and other opportunities in the basin.
White Rivers Exploration is a South African mining company which holds coal exploration rights, which will assist the company in understanding the geological make-up of the area.
The MOU covers three technical co-operation permit (TCPs) areas at Heilbron, Kroonstadt and Ventersburg.
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