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CDE Group to Aquire Caterpillar’s Factory in Newtownabbey, Ireland
March 6, 2018
A Tyrone mining products company is to buy the factory being vacated by Caterpillar in Newtownabbey. The move could lead to new jobs in the area. CDE Group, based in Cookstown, will take over the Monkstown manufacturing plant in September,
Seriti CEO Teke Keen to Study Bid for Guptas’ Optimum Coal Mine, Africa
March 6, 2018
Bloomberg reported that Seriti Resources Holdings Ltd would consider purchasing Optimum Coal Mine, which is under administration and linked to the politically connected Gupta family. Optimum acquired by a company part-owned by the Gupta family from Glencore Plc in December
Essar Power’s Tokisud North Coal Mine in Jharkhand to Be Cancelled, India
March 6, 2018
Economic Times stating that the performance of Essar Power has not been up to the mark with regard to making operational a coal mine in Jharkhand, a senior official said the government may cancel the coal block allotted to firm
Indonesia Coal Prices Hit Five Year High
March 6, 2018
Economic Times reported that Indonesian Coal Benchmark Price was set at USD 101.86 per tonne for March. Mr. Agung Pribadi a spokesman of energy ministry told reporters that “Production has been limited because of weather and demand is still high.”
Congo President Kabila to Meet With Mining Companies Over Tax and Royalty Mining Code Revision
March 6, 2018
Global Times reported that Democratic Republic of Congo President Joseph Kabila will meet mining company representatives to discuss a mining code revision awaiting his signature that would raise taxes and royalties. The bill was adopted by parliament late in January
Goa GMOEA to Inform Prime Minister’s Office of Mining Ban Impact
March 6, 2018
Indian Express reported that Goa iron ore miners’ body GMOEA on Sunday said it will inform the Prime Minister’s Office about the adverse impact of the closure of mining operations on those dependent on the industry and the loss of
Goa Government Redistributes Extraction Limit Among Operational Mines
March 6, 2018
TNN reported that with less than a fortnight to go for mining operation to stop as mandated by the Supreme Court, the directorate of mines and geology has redistributed the extraction limit among operational mines to achieve the 20 million
Anglo American Completes Sale of Its Coal Operations in South Africa to Seriti
March 5, 2018
Anglo American plc confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa to Seriti. The consideration payable for the Operations as at January 1, 2017 is ZAR2.3 billion (approximately USD 164 million). Mr. Mark
Why South Africa is Ripping Up Its Mining Rules Again
March 5, 2018
South Africa’s mining industry is a prime example of the nation’s stark imbalances. Its highly paid, mainly white male executives oversee hundreds of thousands of mostly black workers laboring in deep and dangerous operations. To spread the nation’s wealth more
Northumberland Delays Decision on Banks Mining’s Proposal for New Coal Mine, England
March 5, 2018
The announcement of the decision on a proposed surface mine near Druridge Bay in Northumberland has been postponed. The Secretary of State Sajid Javid was due to announce the outcome of a 14-day public inquiry on Banks Mining’s proposals to
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