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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 [...]
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 [...]
Xstrata Convince Anglo American Shareholders To Join
Xstrata Group, the largest mining company, has made an offer to the mining company Anglo American to join. But this offer was rejected by Anglo American, though some observers mining and banking, providing a very profitable reason for the two companies, in terms of financing the company’s operational efficiency.
Mining Exploration Investment In Mozambique Mine Jump To $804 Mln
Direct investment in Mozambique’s mining sectors jumped to $804 million in 2008 from $101 million in 2004 as international interest in the southern African country rose, the country’s mines minister said.
Mozambique Plans To Become Major Coal Mining Companies
Brazilian mining company Vale has launched a US$1.3bn coal mining project in Mozambique.
The new plant is expected to produce 11 million tonnes of coal a year, to be exported to Brazil, Europe, Asia and the Middle East.
Coal Mining Company, Botswana Consider Using Matola Port To Export Coal Mine
The Botswana mining authorities are considering the possibility of using the port of Matola, in the Mozambican province of Maputo, to export coal produced in the country, said Kgomotso Abi, Botswana’s director of Mines.
US Underground Coal Mine Market Reported, Joy Global Q4 Profit Rises on 40% Sales Growth
Mining equipment manufacturer Joy Global Inc. announced Wednesday morning that fourth quarter profit rose from last year, helped by strong demand for its original equipment and aftermarket parts and services, partially offset by negative impact of currency translation.
Anglo Third-Quarter Coal and Iron Ore Output Up, Platinum Fell
Anglo American Plc, the fourth- largest diversified mining company, said third-quarter output in iron ore and coal rose, while platinum fell.
“Anglo American is conducting a review of its project pipeline to assess capital expenditure profiles on a project by project basis,” the London-based company said in a statement to the Regulatory News Service today.
26 million tonnes Coal-mine Exports Plans by Exxaro Coal Resources
Miningmx cited Mr Ernst Venter general manager of Exxaro Coal as saying that EXXARO Resources plans to export 26 million tonnes of coal from its Grootegeluk coal mine as it increases production there to 120 million tonnes in a decade.
Mr Venter told Miningmx on the sidelines of the Coaltrans South Africa conference in Johannesburg “We [...]
