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Transnet to Increase Capacity of Coal Rail Line Up To 91 Million tonnes
South Africa’s logistics group Transnet could raise the capacity on its coal rail line to 91 million tonnes in five to six years from 70 million, if the private sector helps foot the bill, its head said on Thursday.
Acting Chief Executive Chris Wells said the cost for the expansion would be “significant” and the company [...]
Shanxi Puda Coal Received Approval to Consolidate Four Additional Coal Mines in Pinglu County
In order to improve production efficiency and safety in the workplace and to reduce coal mine accidents, in early 2009, the province of Shanxi, the government issued a policy requiring the merger and consolidation of companies in the coal mining province of Shanxi. In accordance with government policy, large corporations coal production given the opportunity [...]
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 [...]
BHP Billiton Reached Agreement Coking Coal Sales with Europe and Asia Costumer
Coking coal mining company BHP Billiton has reached a deal volume of hard coking coal sales to customers in Europe and Asia for the year 2010. Asian countries agree on the purchase of coking coal from BHP Billiton, among others, China, India and Japan. All three countries are the largest steel producers in Asia and [...]
Coal Production Costs James River Coal 4Q Decline
Coal miner James River Coal Co. reported a loss of this coal mining company in the fourth quarter narrowed, but the resulting coal production decreased.
James River Coal said it lost $ 3.2 million, or 12 cents per share, compared with a loss of $ 33.6 million, or $ 1.26 per share, in the quarter a [...]
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.
Bathurst Resources Joint Venture with L&M Coal Holding Acquires Coking Coal Asset in New Zealand
Australian listed coal company Bathurst Resources has penned an agreement with L&M Coal Holdings to joint venture and ultimately acquire an outstanding hard coking coal asset in the Buller coal field in New Zealand through the acquisition of 100% of L&M Coal Limited.
PTC India Plans Joint Ventures for Coal Mining Assets
PTC India Ltd., the country’s largest power trader, plans to form joint ventures to buy stakes in mining projects abroad to help secure fuel supplies for Indian power producers who face coal shortages, its chairman said Monday.
New-Delhi based PTC plans to buy coal assets with overseas and Indian companies in Indonesia and Australia and may [...]
Brazil Invests Multi-Billion Dollar for Natural Resources in Africa
Brazil, South America’s largest economy, is riding the growing tide of investment in Africa.
In fact, it is boldly poised to edge out other newly emerging economies such as hina and India with multi-billion dollar investments in natural resources. In Africa, once remote regions of Mozambique are reportedly turning into boomtowns, bustling with migrant workers and [...]
