Coal – The Mozambique Resources Post

Mozambique: JSW Steel to buy 92.2% stake in local mining firm for $73.8mln

Posted on May 17, 2024May 27, 2024 by Mozambique Resources Post

JSW Steel said that its board has approved acquisition of Mozambique-based mining company Minas de Revuboe (MDR), as the steelmaker looks to benefit from MDR’s high-quality coking coal, crucial for steel production. The company, through its subsidiary JSW Natural Resources Limited, will acquire 92.19% equity stake and shareholders loans of MDR for $73.75 million. The steelmaker said that the deal enables access to more than 800 metric tonnes of premium hard coking coal reserves in…

Mozambique: Rio Tinto must face SEC suit over Moz coal assets

Posted on March 20, 2019March 20, 2019 by Mozambique Resources Post

Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled.

Industry: Coal will continue to be key resource for decades

Posted on March 15, 2019March 15, 2019 by Mozambique Resources Post

In its yearly World Energy Outlook 2018, the International Energy Agency (IEA) forecasts that coal will remain the largest single source of electricity generation through to 2040, at 26% of global electricity.

Mozambique Energy: Ncondezi Energy confirms related-party transactions with Synergy Consulting

Posted on February 18, 2019February 18, 2019 by Mozambique Resources Post

Ncondezi Energy confirmed it had signed contracts and paid for the services of Synergy Consulting Infrastructure and Financial Advisory Services, which counts its founder and majority shareholder as a director of Ncondezi Energy.

Africa Mining: South Africa Coal exports have not risen since 2008

Posted on February 8, 2019February 8, 2019 by Mozambique Resources Post

Coal production, exports and investment in the industry have remained stagnant since 2008, despite higher export prices and South Africa’s abundant coal reserves, says the Minerals Council South Africa.

Botswana’s first private coal mine to produce saleable coal in March

Posted on February 1, 2019February 1, 2019 by Mozambique Resources Post

Botswana’s first privately owned coal mine will produce its first saleable coal in March, the chief executive of the company overseeing the project told Reuters. The Masama Coal Mine aims to produce 1.2 million tonnes per annum of coal and will target the South African market as well as other countries in the region, Minergy Chief Executive Andre Boje said. “We should ramp up to the nameplate volume of 300,000 tonnes per month by June/July…

Africa Mining: South Africa’s RBCT coal exports fall in 2018

Posted on January 25, 2019January 25, 2019 by Mozambique Resources Post

South Africa’s Richards Bay Coal Terminal (RBCT) said on Thursday 2018 coal exports fell to 73.47 million tonnes from its record high of 76.47 million tonnes in 2017, on lower exports to South Korea. Africa’s largest coal export facility said it aimed to export at least 77 million tonnes of coal in 2019, the same as its 2018 target.

Africa Energy: Malawi Govt scales down coal power project

Posted on December 27, 2018December 27, 2018 by Mozambique Resources Post

Malawi has scaled down the 300 megawatts (MW) Kam’mwamba Coal-Fired electricity generation project in Neno following the financiers’ decision to reduce the loan amount.

Sustainability: “China plans more nuanced anti-coal pollution measures in 2019” – ministry

Posted on December 26, 2018January 21, 2019 by Mozambique Resources Post

China will adopt more efficient and targeted measures during its campaign against pollution next year, but will not relax the targets or ease the crackdown on violators, the environment ministry said in a statement on Monday night. The push for new measures follows an annual meeting of top leaders last week which noted that the world’s second-largest economy is facing downward pressures. “We will coordinate environmental protection with economic development and avoid simple and brutal…

Mozambique Mining: Mineral coal led exports at the end of the third quarter of 2018

Posted on December 20, 2018December 20, 2018 by Mozambique Resources Post

Mozambican exports reached about US $ 1.2 billion between July and September this year, with Moatize coal in the foreground, with a weight of 33.9 per cent, followed by aluminum, electricity and tobacco.

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