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Coal
 
COAL

Continental lodges prospectus for A$35.1m right issue

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South Africa-focused thermal coal producer Continental Coal on Friday lodged the prospectus for its proposed pro rata rights issue, to raise about A$35.1-million to recapitalise the company’s balance sheet, with the Australian Securities and...
29th August 2014
 
 
COAL

Atrum completes consolidation in Canada

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Coal developer Atrum Coal has completed the final round of consolidation of coal licences in the Groundhog coal field, in British Columbia. The company on Friday reported the acquisition of an additional 12 granted coal licences and one coal...
29th August 2014
 
 
ENERGY

Linc turns Carmichael royalty into cash to focus on core assets

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Singapore listed Linc Energy has agreed to sell its royalty in the Carmichael coal mine to Indian developer Adani, for A$155-million, as part of a strategy to reduce debt and strengthen its balance sheet. Linc sold the Queensland-based Carmichael...
29th August 2014
 
 
Coal

Indian acquisition is losing money and Mozambique wants it taxed

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The financial director of the Steel Authority of India Limited (SAIL) has revealed the losses currently being borne by the Benga coal operation in Mozambique’s Tete province. Anil Chaudhary reported that Benga’s production costs were $165/t while...
29th August 2014
 
 
FINANCIAL PERFORMANCE

Bisichi H1 earnings fall as S Africa operations struggle

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Aim-listed Bisichi Mining on Thursday posted a decline in earnings for the six months ended June 30, as its South African operations faced several obstacles. However, the company aimed to bounce back during the second half of the year after...
28th August 2014
 
 
COAL

Draft scoping report for Delmas Coal extension, upgrades to be published for public comment

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The draft scoping report for the proposed extension of the underground mining area of Kuyasa Mining subsidiary Delmas Coal’s mine, in Mpumalanga, as well as the rehabilitation of the mine’s coal discard disposal facility and the upgrading of two...
28th August 2014
 
 
coal

Indian govt toying with options for coal blocks declared illegal

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Indian Supreme Court, in New Delhi. The Indian government is scurrying to come up with options to place before the Supreme Court at its next hearing on September 1, when the fate of 213 coal blocks declared illegally allocated will be decided. The government is hoping that the apex...
28th August 2014
 
 
COAL

Resources Watch Video Available

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Transnet and Eskom offer coal boost for Exxaro; Gold Fields pilots two new mining methods at South Deep; More than 90% of SA’s seismic events are mining related.
28th August 2014
 
 
 
 
 
 
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Transnet, Eskom coal boost for black-controlled... Video
SA coal productivity lags behind Australia Video
Right Eskom price will trigger R10bn Waterberg... Video
Aviation hitech flying into South African... Video
Mining needs quantum change – SAIMM Video
Top-level intervention needed to salvage Anglo,... Video
SADC countries have significant growth potential Video
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Underground coal gasification has key... Audio
Wescoal posts big jump in FY earnings Audio
South Africa’s new State mining... Audio
'Powered' Coega smelter viable, 'all... Audio
Teck Cominco seeks greater coal... Audio
Cleveland-Cliffs to buy coal-miner... Audio
Eskom won’t force miners’... Audio
Over 200 mining-related land claims... Audio
Teck expects record copper, coal... Audio