Media Room

CIL supply linkage rationalisation saves power stations costs

At least 58 thermal power plants in India have been able to save an estimated $531-million since Coal India Limited (CIL) started rationalising its coal supply linkages, the mining company has claimed. The rationalisation exercise, which started in 2015, entails replacing coal sourced from distant mines to mines closer to the thermal power plant, aiming to lower transportation costs.

Anglo revises its production guidance for diamonds, iron-ore, coal lower

Global diversified miner Anglo American on Tuesday released its updated production guidance for the next three years, with diamonds and iron-ore revised lower.

The company, through its diamond subsidiary De Beers, now expects to produce between 32-million and 34-million carats in the 2020 financial year, down from the prior target of between 33-million and 35-million carats.

Lurco's application against Koornfontein sale to be heard in January

Coal and chrome beneficiation and trading company Lurco Group is forging ahead with plans to take legal action against the sale of Koornfontein coal mine, with a new court date set for January 28, 2020.  Providing an update on the current status of the sale of the mine on Tuesday, the group noted that it was forced to stand down following its court appearance earlier this month, owing to other