Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
Coal of Africa prepares to offload its Mpumalanga thermal coal mines.
An 'SA Inc.' approach is required to deal with the ‘unsustainable’ labour situation.
And, South Africa’s newest coal mine should reach full production by June.
Aim-, ASX- and JSE-listed coal junior Coal of Africa Limited is going all out to dispose of its non-core thermal coal mines in Mpumalanga, which are diverting attention away from the company's higher-value coking coal projects.
Coal of Africa CEO John Wallington
South African construction and engineering group Aveng has warned that ongoing labour unrest – which lopped R123-million, or 23%, off its profits during the interim period to December 31, 2012 – not only represented an earnings risk for the coming six months, but was also undermining South Africa’s investment competitiveness.
Aveng CEO Roger Jardine
South Africa’s newest coal mine, Penumbra Coal, is planning to ramp up to full production by the second quarter of this year.
Continental Coal CEO Don Turvey
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