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Sasol Coal Mining Company to Build New Coal Mine Exports
Coal mining company Sasol has allocated R3,1-billion for the new export coal mine to replace the depleting Twisdraai operation.
The Thubelisha export coal mine, already under construction, will also supply Sasol’s synfuels factory in Secunda, in Mpumalanga province.
Sasol Mining’s output in the six months to December 31 was up 6%, but its profit of R170-million was [...]
Arcelormittal Kumba Iron Ore Deal Jettisoned by Anglo American
Anglo American, a diversified mining group, yesterday cancelled an iron-ore supply agreement reached in 2001 on a cost plus 3 per cent basis between its subsidiary Sishen Iron Ore Company (SIOC) and the world’s largest steel maker ArcelorMittal.
South Africa Coal Price Jumps To Ten-Month High
Prices for coal shipped from South Africa’s Richards Bay, site of the continent’s biggest export facility for the fuel, rose to a ten-month high on Asian demand and orders before the year-end holidays.
Export prices increased 96 c, or 1,4 percent, to an average of $68,45 a metric ton in the week ended December 11, according [...]
South Africa Enhance Capacity Of Coal Shipping Port In 2010
South Africa is a country of the world’s largest coal exporter. Company-the world’s largest mining company to invest a lot of searching and exploration of coal mines in South Africa.
South African coal production always increased from year to year, but the South African government faces constraints to deliver coal production, because the capacity of the [...]
Exxaro Halts Funding for Coal Mine In South Africa After Power Plant Delay
Exxaro Resources Ltd. halted funding for a coal mine in South Africa and Anglo American Plc said it may have to slow development of the fuel because of delays in developing power plants by state-run utility Eskom Holdings Ltd.
Exxaro suspended funds for a 9 billion-rand ($1.2 billion) extension of the Grootegeluk coal mine after Eskom [...]
Anglo American Will Sell Mining Assets And Cut Management Layers After Xstrata Down Bid $ 48.2 Billion
Anglo American has started reorganizing since taken over in 2007. Anglo will reset the company management and will sell a number of mining assets owned by Anglo. Assets to be sold mines zinc mining, steel production assets Scaw Metals.
Anglo Coal Will Close Queensland Coal Mining Exploration Project Early
Coal mining company Anglo Coal will close the coal mines located in Queensland, if the Federal Government issued a climate change policies that affect air pollution levels. Due to the closure of coal mining exploration project, as many as 2000 jobs associated with mining exploration activities will be lost. Anglo Coal hopes the Federal Government [...]
China’s Economic Growth Helped Mining Companies To Continue Mining Exploration Project
Anglo American Chief Executive Cynthia provides a view of the growth of the mining company with global economic conditions decline today. Growth in mining and mining exploration activities aided by China’s economic growth is fairly stable. Demand in China’s industrial sector of mining production is stable, although there are some notes about the decline in [...]
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
