Thermal
Sasol launches new coal mining shaft in South Africa
Sasol has inaugurated its ZAR3.5bn ($423m) Thubelisha Shaft at the Twistdraai Colliery in Mpumalanga, South Africa. The new shaft will be located in the north-east of the Secunda complex, and replace the current Twistdraai Colliery shaft...
Thermal
ICE Coal Futures stop three-month decline by jumping 66%
ICE Coal Futures halted a three-month decline to tick up 66% on-month to 125.46 million mt worth of coal contracts traded and cleared during May, energy exchange ICE Futures Europe and electronic trading platform globalCOAL said late Friday. ...
Thermal
At least 30 vessels of unsold coal cargoes float off China’s coast
At least 30 Panamax or Capesize vessels are floating off China's coast because traders who bought them have been unable to resell them to end-users, two industry sources said Tuesday at a conference in Indonesia. The...
Thermal
Chile’s Mina Invierno plans to begin exporting coal in first half of 2013
Chilean mining firm Mina Invierno intends to start exporting sub-bituminous coal, mainly to Asia, in the first half of 2013, a company executive said Monday. The company's plan will mark the first time Chile has exported...
Thermal
Australia’s Gloucester Coal shareholders approve merger with Yancoal
Shareholders of Gloucester Coal have approved the merger with Chinese-owned Yancoal, which the Sydney-based miner believes will help it stay competitive in a period of soft thermal and metallurgical coal prices. At a meeting in Sydney...
Thermal
Miranda wins mining rights for Burnside coal project in South Africa
Miranda Mineral Holdings subsidiary, Street Spirit Trading, has been granted a mining right for the Burnside coal project, near Dundee in KwaZulu-Natal province, South Africa. The mining right has been approved for four farms covering 4540...
Thermal
Orpheus Energy raises funds for Indonesian coal project
Orpheus Energy has raised funds through a share placement to augment the company’s portfolio of near term coal production assets in Kalimantan, Indonesia. The proceeds worth $2.24m will be used for the acquisition and development of...
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