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Coal
 
COAL

CoAL eyes year-end for Vele plant modification construction

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With the front-end engineering and design (FEED) process, legislative compliance work and technical review for the beneficiation plant modification project at the Vele colliery, in Limpopo, expected to be completed by the third quarter of this...
31st July 2014
 
 
COAL

Jogmec signs up for Allegiance coal project

0 COMMENTS
Japan Oil, Gas and Metals National Corporation (Jogmec) has made a A$3-million investment into ASX-listed junior Allegiance Coal for a 40% interest in its Kilmain coal project, in Queensland. Under the terms of a joint exploration agreement,...
31st July 2014
 
 
MINING SERVICES

South Africa’s DRA adds $100m to Americas business as it tags Taggart

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Mining project house DRA said on Thursday that it had agreed to acquire the Forge Group North America companies, formerly known as Taggart Global, for an undisclosed sum. DRA, a private, employee-owned Johannesburg-based project and engineering...
31st July 2014
 
 
COAL

Right Eskom price will trigger R10bn Waterberg coal investment Video Available

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A successful bulk sample burn test at Majuba power station has opened the way for Waterberg coal to be used at Majuba power station in Mpumalanga. As part of the feasibility and technical work the ASX- and JSE-listed Waterberg Coal Company has...
30th July 2014
 
 
ELECTRICITY PRICING

Power tariffs to rise by more than 8% in 2015 as Nersa makes claw-back decision

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South African electricity tariffs are likely to increase by more than the 8% already sanctioned for the year starting April 1, 2015, after the energy regulator determined on Wednesday that Eskom had under recovered R7.82-billion in revenue between...
30th July 2014
 
 
COAL

Rio confirms $50m sale of Mozambique coal assets

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Mining giant Rio Tinto on Wednesday announced that it had reached an agreement to divest of its Mozambique coal assets, including the Benga coal mine, in a deal valued at $50-million, to India’s International Coal Ventures Private Limited. The...
30th July 2014
 
 
PROXY CONTEST

Cliffs stock rallies as initial results show Casablanca’s 6 take board control

0 COMMENTS
The NYSE-listed stock of US coal and iron-ore producer Cliffs Natural Resources spiked just after noon on Tuesday by as much as $1.12 a share after initial results showed that shareholders had voted all six of dissident shareholder Casablanca...
29th July 2014
 
 
COAL

Arch Coal widens Q2 loss, beats expectations

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US coal producer Arch Coal on Tuesday reported a narrower-than-expected second-quarter loss, despite the loss for the period being 34% wider than in the same period last year. The St Louis, Missouri-based miner that produces both...
29th July 2014
 
 
 
 
 
 
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