South Africa’s Richards Bay Coal Terminal declared the completion of a project to expand the export facility had been delayed to the fourth quarter of this year from a July 1 target. For full story, click here
Rio Tinto’s Chapudi coal project in South Africa, with estimated resources of 1 billion tonnes, is studying the possibility of supporting a power station to ease electricity shortages. The project’s Technical Manager Kuda Muchenje stated: There is significant thermal coal in that project … with the right transmission and water infrastructure in place we think [...]
Rio Tinto’s Chapudi coal project in South Africa, with estimated resources of 1 billion tonnes, is studying the possibility of supporting a power station to ease electricity shortages. For full story, click here
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to purchase South African coal—hitherto a premium commodity—attracted by a sharp slip in prices. For full story, click here
South Africa’s Solidarity labour union declared that it had rejected an offer for a 6.5 percent wage raise made by coal producers. For full story, click here
Keaton Energy Holdings Limited has announced a 25.9 million tonne coal reserve for its 74%-held Delmas Project in South Africa’s Mpumalanga Province – 24.3 million tonnes in the proved category and 1.6 million tonnes in the probable category. For full story, click here
The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.
ArcelorMittal SA, the South African unit of the world’s No. 1 steel maker, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash. For full story, click here
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