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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 [...]
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 [...]
Australia-based Mining Company IRL to Develop Biharinath Coal Mine, West Bengal
IRL, Australia-based mining company has signed a letter of intent with Bankura DRI to develop and operate coal mines Biharinath. Contract operation and development of coal mines Biharinath will last for 30 years at a cost of AUD $ 500m investment. Biharinath coal mines located in the Indian state of West Bengal.
Indian Steel Manufacturer: Tata Steel And SAIL Requested Allocation Of CIL Coal Mines
Companies India’s largest steel maker, Tata Steel and SAIL submitted proposals to the government of India to obtain allocation of coal mines Coal India Ltd’s (CIL). Efforts to get the coal mines run by small for the anticipated increase in coal material procurement costs, especially coking coal, energy for steel production process.
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
Coal India Proposes An Increase In Coal Prices
Coal India Ltd. (CIL), is a holding company under the coal ministry that contributes 85% of coal production in India and are free to fix the selling price of fuel, but only after prior approval from the government. The price of coal were last revised in December 2007 and the latest revision is expected [...]
Low spot iron ore and coking coal prices should benefit NMDC and JSW Steel
Historically, the commodity cycle follows the economic cycle and this time is no different. The liquidity crisis and its cascading effect on real economies across the world have pulled down prices of commodities, including iron ore and coking coal.
India Starts Auction of Oil, Gas Exploration Areas (Update2)
India started its largest auction of oil and gas fields, offering 70 areas for exploration when energy producers are cutting investments because of falling prices and the global recession.
Mining Companies and Mining Industry Make It Plans To Growth
Following QBR’s report on financiers being hit-hard by the economic crisis, IBISWorld reports that mining is yet another of its top-10 industries to feel the repercussions of a market collapse.
