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

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

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. Advertisements

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

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

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.

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

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

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…

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

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

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.

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

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

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…

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Africa Mining: SA Minister defends coal, complains about high electricity prices

Africa Mining: SA Minister defends coal, complains about high electricity prices

Mineral Resources Minister Gwede Mantashe has defended the role of coal in the country’s energy mix and complained about the harmful effect of high electricity prices on the local beneficiation of minerals.

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