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
South Korea’s imports of heating coal in April dipped 22 percent from a year earlier on bearish demand from domestic utilities. 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
SouthGobi Energy Resources Ltd. has closed the previously announced equity placements of 10,000,000 common shares at CAD8.00 per share and 3,500,000 common shares at CAD9.00 per share. For full story, click here
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