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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 [...]
Coal Prices and Production from South Africa Rose Sharply
South African coal production rose sharply in line with the increase in coal prices in exports to various countries. Analysts estimate the demand for coal continued to increase during the year 2010. Increased demand for coal is followed by an increase in coal prices.
South Africa Reach Coal Mine Export, Transnet Long Term Mining Export 91 million a Year
Mr Siyabonga Gama CEO of Transnet as saying that South Africa’s coal exports could reach and top 91 million tonnes a year but only if mining companies strike long-term agreements with rail operator Transnet Freight Rail and reach the right tariff agreements.
South African Coal Mining Holdings To Halt Coal Mine Production
Mr Xavier Prevost analyst of Wood Mackenzie said that the decision by South African Coal Mining Holdings to halt production could be the start of a pattern of junior mining companies cutting coal output because of a lack of finance.
South Africa Coal Mining Holding To Halt Coal Mine Production, Loss Of Mining Contract
The decision by South African Coal Mining Holdings to halt production could be the start of a pattern of junior mining companies cutting coal output because of a lack of finance, Xavier Prevost, a Wood Mackenzie analyst, said last week.
Australian Mining Company, Riversdale Plans Focuse Coal Mine From Mozambique
Australian mining company Riversdale is actively continuing with its plans to mine and export coal from the Mozambican province of Tete, said the company’s chief financial officer, Steve Thomas as a conference held in Cape Town, South Africa.
Riversdale Mining Plans To Start Coal Mine Export From Mozambique 2010
Coal exports from Mozambique were all set for kick-off in 2010, the Cape Town coal conference heard on Thursday.
Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
South African Coal Mining Holdings To Invest R200-million to Load Coal Faster
New coal producer South African Coal Mining Holdings (SACMH) is poised to pluck the fruits of a R200-million investment in faster coal loading to match new ton-per-hour train tariffs.
“If you load your trains faster, you save money; if you don’t, it’ll cost you,” says upbeat SACMH CEO Karl Gribnitz, who will open the modern new [...]
