South Africa-focused coal miner Universal Coal has reported record sales and record operating cash flows during the three months to March, despite an 11% drop in production.
Mining giant BHP Billiton and its coal joint venture (JV) partner Mitsubishi have approved a $204-million investment in the Caval Ridge Southern Circuit (CRSC) project, in central Queensland. The project will create up to 400 new construction jobs and will require 200 ongoing operational roles.
Analysis by the US Energy Information Administration (EIA) points to the country’s coal output rising 40% year-on-year to about 14.9-million short tons in the week ended April 15.
The production estimate, issued on Thursday, was about 8.5% higher week-on-week.
Dual-listed Kibo Mining has signed a strategic memorandum of understanding (MoU) with Lafarge Tanzania subsidiary Mbeya Cement, to develop regional collaboration and to allow for reciprocal supply of materials.
The coal wash plant for use at Edenville Energy’s Rukwa coal mine has been delivered to port in the UK and inspected and cleared by the appropriate authorities, ready for shipment to Tanzania. The first of the shipments is expected to leave the UK this month and will take six weeks to arrive in Tanzania.
The directors of ASX-listed Bligh Resources have urged shareholders not to take any action on a takeover offer from fellow-listed Zeta Resources.
Zeta on Wednesday launched a 3.5c all-cash takeover offer for Bligh, which could derail the A$8.5-million deal that gold miner Saracen Mineral Holdings struck in February to acquire the Bundarra gold project, in Western Australia.
South Africa-focused coal miner Universal Coal has produced the first run-of-mine coal from its New Clydesdale Colliery (NCC) opencast development.
Coal miner New Hope Corporation on Wednesday reported that its 40%-held subsidiary, Bengalla Mining Company (BMC) has started proceedings in the Land and Environment Court in New South Wales, to prohibit MACH Energy Australia from carrying out further development of its Mount Pleasant project.
Contrary to the general trend across the country, southern India headquartered Singareni Collieries Company Limited (SCCL) will not phase out underground mining operations, but in fact plans to open at least two more such mines over the next few years.
With rising pithead stocks across the country, India is considering exports to cope with surpluses. “The government is now looking for new consumers for the surplus coal,” Minister for Power, Coal and Mines Piyush Goyal said in an address to members of the media. “We are open to the idea of exporting coal; however to export we have to address the issue of quality . . .