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Category: Coal

Eleven people killed in China coal mine explosion  1 International Coal Energy Mining safety 

Eleven people killed in China coal mine explosion 

Constance
A coal mine explosion in China’s Shaanxi province claimed the lives of 11 people. The incident took place last week while a total of 90 miners were present at the shaft, according to the provincial Department of Emergency Management.   The site of the blast was the city of Yan’an in northern China, a mountainous region in the Shaanxi province where mining has been a key economic activity.   At the time of the explosion, nine people were trapped inside and “found with no vital signs”, state broadcaster China Central Television… Read More Here
Zimbabwe: Contango Secures 20,000 tpm Coal Offtake Agreement 2 International Coal Energy 

Zimbabwe: Contango Secures 20,000 tpm Coal Offtake Agreement

Constance
Natural resource development company Contango Holdings has signed a new offtake agreement with global commodity marketing firm TransOre International FZE for the sale of coal from the Lubu project in Zimbabwe. Under the terms of the deal, Contango will supply TransOre with 20,000 tons of washed coal per month at US$120/ton, in line with the current processing capacity at the project. Offtake has the potential to be further expanded as the mine’s production capacity increases. Carl Esprey, CEO of Contango, said the contract with TransOre doubles the firm’s existing offtake… Read More Here
MMAMABULA Project: Jindal Builds Botswana's Largest Coal Mine & Power Plant 3 International Coal Energy 

MMAMABULA Project: Jindal Builds Botswana’s Largest Coal Mine & Power Plant

Constance
The multi-billion dollar O P Jindal Group is hitting the ground running to kick start its long awaited Mmamabula Coal Project. Jindal holds mining license for about 3 billion tonnes of coal in the East Mmamabula Coal Fields. The company is planning to carry out initial mining of 4.5 million tonnes per annum of coal and also to set up a 300 Megawatt power plant at Mmamabula, along with the related infrastructure works. The Jindal’s Mmamabula Coal Mine will be Botswana’s biggest, just 300 000 tonnes above state owned Morupule… Read More Here
Lubu Project begins washed coking coal production in Zimbabwe 4 International Coal 

Lubu Project begins washed coking coal production in Zimbabwe

Constance
Contango Holdings Plc, a natural resource development company, has announced that the production of washed coking coal has commenced at its flagship Lubu Coking Coal Project in Zimbabwe. Stockpiles of coking coal have already been established by the Wirtgen Surface Miner which can mine at a rate of up to 1,000 tonnes per hour of coking coal.  The company will continue to undertake studies on washed coal production to ensure optimisation and samples will also be sent to several parties who have indicated they would look to enter into long-term offtake contracts.… Read More Here
Over 2,000 Artisanal Mining sites exist in Mozambique 5 International Artisanal mining Coal Gold 

Over 2,000 Artisanal Mining sites exist in Mozambique

Constance
Over 2,160 artisanal mining sites have been identified in Mozambique as part of the Artisanal Mining Census. The results have been published by the Ministry of Mineral Resources and Energy, in coordination with the National Statistics Institute (INE). According to Thursday’s issue of the Maputo daily “Notícias”, the data show that, of the total sites, 1,577 are active with 31 per cent dedicated to gold mining. In 2021. artisanal mining involved 806,957 people, corresponding to 2.6 per cent of the country’s population. Three-quarters of the miners have this activity as… Read More Here
Mineral Commodity Prices Last Week 6 Mining in Zambia Battery Metals Coal Copper 

Mineral Commodity Prices Last Week

Constance
According to the latest information, mineral commodity prices increased last week. This news is significant for the mining industry as it could signal a shift in demand for minerals such as copper, Cobalt, and Nickel. The rise in prices may also have implications for the global economy as many countries rely on these commodities for their manufacturing and industrial sectors. However, it remains to be seen whether this price increase will be sustained over the long term or if it is merely a temporary fluctuation in the market. Read More Here
Canyon Coal Establishes New Mine in Mpumalanga, South Africa 7 Coal International New Mining Projects 

Canyon Coal Establishes New Mine in Mpumalanga, South Africa

Constance
Canyon Coal, a subsidiary of private investment company Menar, is constructing a new coal mine in Hendrina, Mpumalanga. Production is expected to start in the second half of 2023. The first phase of the Gugulethu project, on track to be completed in 8-10 months, is expected to produce 1.2 million t/y of 5 500 kc NAR coal. “We are in the development phase and have already done the tenders for the civils and the processing plant. Our mining equipment has started to arrive,” states Gugulethu Colliery GM Jarmi Steyn. Formerly… Read More Here
Metals And Mining Industry Pessimistic About Global Growth 8 Gold Battery Metals Coal International 

Metals And Mining Industry Pessimistic About Global Growth

Constance
More than half (52%) of CRU clients in the metals and mining industries expect global GDP to grow by no more than 1% in 2023, according to CRU’s annual macroeconomic survey of clients, which polled global clients from the metals and mining industries in December 2022. The outlook is bleaker than CRU’s forecast for global GDP growth in 2023, which sits at 1.6%. Inflation, energy prices and the Russia-Ukraine war continue to shape global markets and remain front of mind heading into 2023. In addition to the stark outlook for… Read More Here
Buffalo Coal Dundee Secures USD$30,000,000 from SARB 9 Coal International 

Buffalo Coal Dundee Secures USD$30,000,000 from SARB

Constance
Buffalo Coal Corp. has announced that its wholly owned subsidiary, Buffalo Coal Dundee has entered into and received approval from the South African Reserve Bank (SARB) regarding a secured credit facility agreement dated November 7, 2022 and addendum to the facility agreement dated December 29, 2022 with Ikwezi Mining FZE, an affiliate of the company’s majority shareholder, Belvedere Resources. Pursuant to the Credit Agreement, the Lender will make a credit facility available to BCD in the aggregate principal amount of USD$30,000,000, which amount may be drawn in up to ten… Read More Here
Buffalo Coal Dundee Secures USD$30,000,000 From SARB 10 Coal International 

Buffalo Coal Dundee Secures USD$30,000,000 From SARB

Constance
Buffalo Coal Corp. has announced that its wholly owned subsidiary, Buffalo Coal Dundee has entered into and received approval from the South African Reserve Bank (SARB) regarding a secured credit facility agreement dated November 7, 2022 and addendum to the facility agreement dated December 29, 2022 with Ikwezi Mining FZE, an affiliate of the company’s majority shareholder, Belvedere Resources. Pursuant to the Credit Agreement, the Lender will make a credit facility available to BCD in the aggregate principal amount of USD$30,000,000, which amount may be drawn in up to ten… Read More Here

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