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South32 Mulls Bid for Rio Tinto Group’s A$2 Billion Coking Coal Portfolio in Australia
October 24, 2017
South32 is studying a potential bid for Rio Tinto Group’s A$2 billion (R21.3bn) coking coal portfolio, people familiar with the matter said, as it seeks to take advantage of surging prices for the steel making ingredient. The Perth-based company is
Philippines Energy Department Readies for Next Auction of Coal Exploration Areas
October 24, 2017
The Energy Department is bidding out new coal exploration and development contracts in the Philippines as part of a plan to secure the country’s energy supply. The department said it was now accepting applications for coal exploration and development after
AngloGold Ashanti to Divest South African Assets to Harmony and Heaven-Sent for $300 Million
October 23, 2017
AngloGold Ashanti has signed agreements to sell assets in South Africa to Harmony Gold Mining as well as Chinese investment firm, Heaven-Sent SA Sunshine Investment Company. Under a $300m deal with Harmony Gold, AngloGold agreed to sell its stake in
Edenville Energy Completes Construction of Wash at Plant Rukwa Coal Project, Tanzania
October 20, 2017
Edenville Energy, the company developing a coal project in south west Tanzania, has completed construction of the wash plant at the company’s Rukwa Coal Project. The plant is currently undergoing final commissioning and testing, with the goal to be producing
Peabody’s Wambo Mine Takes First Place at Australian Mines Rescue Competition
October 20, 2017
Peabody’s Wambo Underground Mines Rescue Team has taken first place at the 55th Australian National Mines Rescue Competition, the second time it has earned the national title. Last year the team also earned first place in the First Aid Competition
Australia Rejects Chief Scientist’s Clean Energy Proposal
October 19, 2017
The Australian government has rejected a Clean Energy Target (CET) recommended by the nation’s chief scientist, opting for a plan focusing on energy security. Prime Minister Malcolm Turnbull said the alternative would still lower emissions and ensure Australia met its
6 Fatalities in Turkey Coal Mine Collapse
October 19, 2017
A coal mine collapsed in southeast Turkey on Tuesday, killing at least six miners. Rescuers were trying to reach one other mine worker who was still trapped inside. The mine located in the province of Sirnak — bordering Iraq and
Rio Tinto Accused of Fraud Over $3 Billion Mozambique Coal Mine, Africa
October 19, 2017
One of the world’s biggest mining companies and two of its former top executives are in trouble for allegedly overstating the value of a mine in Africa by billions of dollars. Authorities in the U.S. and the U.K. have accused
Diamond Miner Alexkor to Invest in Eskom’s Coal Washing Plant, Targets Coal Supply Agreement
October 17, 2017
State-owned diamond miner Alexkor will invest in a coal-washing plant in the Witbank-Middelburg area and use its relationship with Eskom to get a coal-supply agreement, acting CEO Vimal Bansi said in the company’s latest annual report. Alexkor has battled to
MICC Set to Decide on Open-pit Mining Ban, Philippines
October 17, 2017
The multi-stakeholder Mining Industry Coordinating Council (MICC) will decide next week on the possible lifting of a ban on open-pit mining, a senior Finance department official said. Finance Undersecretary and MICC member Bayani Agabin said a technical panel had already
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