The government may in near future scrap the present system of allocating coal mines for captive use and instead only auction mines for commercial use to private as well as foreign companies with a view to boost domestic product and cut imports, a top official said. The move, which would not just help
Diversified mining companies such as South32 and Anglo American have multi-geographic and commodity mixes, which reduce the risk and cost of capital
JOHANNESBURG (miningweekly.com) - Global miner Anglo American has completed the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project to unlisted Malabar Coal. The assets are located in the Hunter Valley of New South Wales, Australia, and have been sold to
"Coal Mining in South Africa to 2021 - Supply of Coal to get Strengthen as Domestic Coal Fired Power Capacity Expands", report covers comprehensive information on South Africa's coal mining industry, coal reserves, the historical and forecast data on coal production, by type, and by grade. The report
THE long-awaited move by the Indian government to open up the coal sector to private players may have brought joy to a few companies hoping to exploit the mineral to fuel the country's growing energy needs, but overall last week's decision is unlikely to bring about any dramatic changes. The National
Mike Fraser, South32's president and chief operating office for South Africa, told Reuters earlier this month that the company was aiming to sell its coal assets because it "did not believe in the commodity." It would also be better if the coal mines were majority-owned by black investors, Fraser said. This is a
About 30% of the 374 candidates in the Meghalaya Assembly elections scheduled for February 27 are either owners of mines or have stakes in the largely unregulated coal mining and transportation industry. That explains why the ban on rat-hole mining by the National Green Tribunal (NGT) in April 2014
Years of rampant mining of coal has robbed Sutgna and several other areas in the Jaintia Hills bordering Bangladesh, of its greenery and livelihood. Ever since coal mining-in fact the most unscientific rat-hole mining for black gold-took off in the 1970s in the then undivided Jaintia Hills, the economy of the
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The government is facing fresh calls to reject the planned Druridge Bay open cast coal mine on climate change grounds, with Friends of the Earth warning ministers risk badly undermining their coal phase out plans if they give the project the green light. The Department for Housing, Communities and Local
Anglo American said on Monday it had completed the sale of its 88.17% stake of controversial Australian thermal coal mine Drayton, to Malabar Coal for an undisclosed amount. The global miner had struggled to get the necessary permits to expand the mine's open-cut operations. Mining activities the mine,
The move, which would not just help attract foreign investment but also bring in efficiency and promote competition, follows government's decision of opening up the coal sector to commercial mining by private entities. "We can also take a decision that in future only commercial mining will be done
The government may, in the near future, scrap the present system of allocating coal mines for captive use and instead only auction mines for commercial use to private as well as foreign companies with a view to boost domestic product and cut imports, a top official said. The move, which would not just help
Forty-five years after India nationalised its coal-mining industry, the Central government has allowed the re-entry of commercial mining firms into the sector, turning the clock back. India's coal industry was predominantly driven by the private sector after Independence until the Indira Gandhi government
Coshocton-based Oxford Mining and Buckingham Coal Co., which operates an underground coal mine in Glouster not far from Oxford's proposed surface mine, both are owned by Colorado-based Westmoreland Coal Co. Oxford Mining did not return a voicemail and an email from The Dispatch seeking
Meghalaya Assembly Elections 2018: Coal mining ban big issue. In the poll-bound Meghalaya,
Forty-five years after India nationalised its coal-mining industry, the Central government has allowed the re-entry of commercial mining firms into the sector, turning the clock back. India's coal industry was predominantly driven by the private sector after Independence until the Indira Gandhi government
Under an auction system announced this week, the business that offers the highest sum per ton of coal to the state where a mine is located will win the mining rights. No restrictions will be placed on where the coal is sold or how it is used. Coal is a key energy source in India, where 70% of electricity comes
Optimum consists of three major assets, Optimum mine, which supplies Hendrina power station; Koornfontein mine, which supplies Komati power station; and a six-million-ton coal export allocation at the Richard's Bay coal terminal. In August, the Guptas announced plans to sell these assets to an opaque
James A. Whitlock, 38, of Smithers, was killed while performing electrical work on a highwall miner. Whitlock was a highwall mine operator for Bundy Auger Mining, Inc. The Office of Miners' Health, Safety and Training says that the accident happened at the Pocahontas Coal Company's Devils Fork 2