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Court Challenge to South Africa Mining Charter Postponed to February
November 30, 2017
A court hearing for a challenge by South Africa’s mining industry to revisions to a sector charter which include raising levels of black ownership has been postponed to February from December, country’s Chamber of Mines said on Monday. “A judge
Perenco to Acquire Premier Oil’s Stake in Wytch Farm Oil Field for $200 Million, UK
November 28, 2017
London-based oil and gas explorer Premier Oil has reached a deal to sell its stake of 33.8 percent in the Wytch Farm onshore oil field in the UK to Perenco UK for $200m in an all-cash deal. The transaction sees
Palaszczuk Amends Her Party Position of Adani Coal Mine Before Election, Australia
November 28, 2017
India`s Adani Enterprises Ltd faces a likely block on a A$900 million ($684 million) government loan to help build a giant coal mine in Australia, with the left-leaning Labor Party on track for re-election in a state poll. Queensland state
Australia’s South32 to Make Its South Africa Energy Coal a Stand Alone Entity
November 28, 2017
Australian miner South32 Ltd on Monday said its South Africa Energy Coal (SAEC) business would be run as a stand-alone unit, with the goal of widening its ownership and possibly listing it on the Johannesburg Stock Exchange. “This will present
AC Energy Set to Commence Operations at Coal-fired Power Plant in Kauswagan Next Year, Philippines
November 28, 2017
AC Energy Holdings Inc. said subsidiary GN Power Kauswagan Ltd. Co. is on track to complete a 552-megawatt coal-fired power plant in Kauswagan, Lanao del Norte next year. AC Energy President and Chief Executive John Eric Francia said the project
De Beers Puts Its Voorspoed Mine Up for Sale, South Africa
November 28, 2017
Rough diamond producer De Beers put its Voorspoed mine in the Free State up for sale after talking about closing its second-last operation in SA. De Beers, which is 85 percent owned by Anglo American and is the world’s largest
Mining and Heavy Industry Lead the Way as China’s Industrial Profits Surge
November 28, 2017
China’s industrial firms weathered a broad government crackdown on financial risks as profits continued to surge last month in a stabilizing force for the world’s second-biggest economy, which has started to cool slightly in recent months. The vast industrial sector
Germany’s Respite for Coal May End as Talks Resume With Chancellor Angela Merkel
November 27, 2017
The future of Germany’s coal industry is moving back into the spotlight as Chancellor Angela Merkel restarts talks on forming a new coalition government, with pressure building for stricter limits on the most polluting fuels. Two months after national elections,
Strong Outlook for Poland’s New Coal Mines
November 27, 2017
Investor confidence in Poland’s coal mining industry is on the up again due to strong international prices for coking coal and strong steel demand. There are three high quality coking coal projects under development in Poland, which will diversify supply
Coal Becomes a Flashpoint in a Close Election in Australia
November 27, 2017
The bars along Wood Street have gone quiet. Thirsty mine workers on six-figure salaries have become a rarity since a coal-exporting boom ended. Boom-bust cycles are hardly new for this northern coastal city in the state of Queensland. But Greg
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