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The global push towards the green transition has gathered momentum in 2021 in light of the COP26 summit. Despite rising pressures to move away from call base electricity generation, we still expect South Africa's coal production to rise in the coming years. This is largely due to the country's heavy reliance on coal fired energy, demand from export markets (in particular Asia and China) and ...
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Australian mining company Coal of Africa Limited (CoAL) has signed a Sale and Purchase Agreement for the disposal of its Mooiplaats Colliery, the thermal underground colliery in the Ermelo Coalfield in Mpumalanga, to a wholly-owned subsidiary of Blackspear Holdings Proprietary Limited for a gross consideration of R 250 million in cash.
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Tshipise Energy Gas Exploration Project - A coal bed-methane project aimed at establishing a flaring facility and a test well. The project will provide CoAL with compliance to the United Nations carbon-credit initiative. As in 2017 CoAL also still owns Mooiplaats Colliery, but it is in the process of being marketed as for sale. Mission and Vision
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"In addition, the sale of Mooiplaats is expected to yield annual overhead savings for CoAL of $1.4m, an important factor in CoAL's strategy of becoming a self-sufficient mid-tier coal miner." In relation to the transaction, CoAL already received an initial payment of R52m ($3.7m), while R15m ($1m) was paid to Ferret.
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CoAL confirmed Tuesday it has stopped coal production at its Mooiplaats Colliery, which processes 6,000 metric tons of rock a day, after workers went on strike following the rejection of a proposed...
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JOHANNESBURG (miningweekly) - The sale of the Mooiplaats Colliery is the final step in Coal of Africa's balance sheet restructuring strategy, setting the course for the company to become a...
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The board comprises Raghubir, Andrew Murray as Chairman and Yolanda Sedibe as Group Director. Notably, M&D Construction Group has more than 35 years of experience as a multi-disciplinary contractor with a CIDB 9CE, CIDB 9GB and CIDB 9ME grading. The group's project capabilities include constructing steel, oPVC, GRP, HDPE and ductile iron ...
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Coal of Africa's second largest shareholder, Arcelor Mittal has signed an off take agreement to the tune of 2.5 million tonnes per annum, with an option to increase it to 5 million tonnes per annum. Simon Farrel hinted to Proactive that size of the off take could be increased again in the future. Transport Bottleneck?
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Cobus Loots, chief executive officer of Pan African commented: "Pan African is pleased to have concluded this transaction with Coal of Africa. The transaction reaffirms Pan African's focus on our gold mining business and, again, demonstrates our ability to conclude value-accretive transactions to the benefit of our shareholders." 4.
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A hefty $87.5m impairment against its suspended Vele colliery pushed MC Mining, formerly Coal of Africa Ltd (CoAL), into a deep interim loss, overshadowing the inflow of revenue and a gross profit...
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The name change from CoAL to MC Mining Ltd becomes effective 24 November 2017 CoAL's Annual General Meeting takes place, and shareholders approve the name change from CoAL to MC Mining Ltd. Shareholders also approve a 20:1 share consolidation 02 November 2017 CoAL announces the completion of the Mooiplaats sale process,
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Our business. Based in South Africa, our Platinum business is the world's leading major producer of platinum. We produce around 37% of the world's newly mined production of this precious metal. We mine, process and refine the entire range of platinum group metals (PGMs), which are platinum, palladium, rhodium, ruthenium, iridium and osmium.
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CoAL sells its shares in Mooiplaats colliery. Coal of Africa Limited (CoAL) and its subsidiaries (which includes GVM Metals Administration and Ferret) has announced their intention to sell their shares in Mooiplaats thermal coal colliery to a group of investors, MCH, for a price of R179.9 million. 27 September 2017
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Coal of Africa sells idled Mooiplaats for R250 million By Vicky Sidler Sep 22, 2014 Coal of Africa has signed a sale and purchase agreement with a wholly owned subsidiary of Blackspear Holdings for the disposal of the Mooiplaats Colliery for a gross consideration of R250 million (US$23.47 million) in cash.
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The Financial Services Board has been asked to probe suspicious share trades in the stock of Coal of Africa, the company hoping to mine coal from six different operations in Limpopo's Soutpansberg ...
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Mooiplaats U/G South Africa ... 2019). Business managers need cost data that are trustworthy, objective, and obtainable on time to take precautions against various risks they may face and to ...
Get priceMC Mining has sold its Mooiplaats thermal coal colliery in South Africa to Mooiplaats Coal Holdings (MCH) for R179.9m ($12.15m). The acquisition was initially announced last October and a sum of R67m ($4.55m) was paid in November 2017, upon meeting certain conditions.
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Moreover, M&D Construction Group successfully completed the civil works for Coal of Africa's Mooiplaats operation in Ermelo. This project entailed earthworks and concrete works, including the construction of, among others, a water-treatment plant, silt traps, drains and tunnels.
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The Mooiplaats Colliery is a thermal coal colliery situated in the Ermelo coal fields, adjacent to the re- commissioned Camden Power Station operated by state power utility Eskom. The underground...
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Contract Engineering Services cc was established in January 2001 and has grown to a reputable "Winch Manufacturer" in Africa. A truly competitive service provider with state of the art winch manufacturing facility. CES winch components are manufactured in-house with mainly CNC machinery, drawings are electronically available from the latest ...
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Langcarel Mooiplaats ... Anglo Mafube. Australia. Launching our Australian operations in 2008, we are now renowned in the coal and lithium industries as the magnetite partner with the expertise to fully understand and support their operations. See more. South Africa. Our story started in South Africa in 1934. Over the years we have built our ...
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Workers at Coal of Africa's Mooiplaats colliery in Mpumalanga have been involved in an ongoing but protected strike since Tuesday last week. ... in the sustainability of our business and ...
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The current coal price environment; the misconfiguration of Vele; and costly take-or-pay contracts all led to CoAL bleeding cash and having to return to the market to do a three stage equity raise ...
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Resource Center. Labour, Safety & Surveying Matters. Mine Accidents and Disasters. Annual Medical Reporting. Hygiene in the SA Mining Industry. Medical Appeals. HIV, Aids & TB in SA Mines. Mineral Regulation. Overview.
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commence Q1 2011. These operations are targeted to collectively produce an initial 2 Mtpa ramping up to a combined annual output of 10 Mtpa of coking coal. In 2010, CoAL completed the ZAR467m acquisition of NuCoal Mining (Pty) Limited ("NuCoal"), a thermal coal producer with assets in South Africa in close proximity to CoAL's Mooiplaats mine ...
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Coal of Africa Limited is engaged in the acquisition, exploration, development and operation of metallurgical and thermal coal projects in South Africa. The firm operates through three divisions: Exploration, Development and Mining.
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government and our commitment to all our stakeholders. Importantly, teams are back on site and the process of re-employing people has commenced. During the initial phase of mining operations, the mine is planned to ramp up to 2.7Mtpa ROM coal and 1.0Mtpa saleable coal and create up to 500 jobs.
Get priceCoal of Africa's future performance will be largely dictated by commodity prices, the success of the new Universal acquisition, sale of the Mooiplaats Colliery and speedy construction of the Makhado Project. Without current functioning operations, the live online stocks chart shows that Coal of Africa share price is currently dormant at ...
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As CEO of Anglo Coal, Wallington was responsible for the management of the Coal Division, which had a turnover of over $3.5 billion per annum and employed over 10 000 people, including contractors....
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The joint venture named EPE landed its first EPCM (engineering, procurement, construction and maintenance) contract with Coal of Africa (CoAL) for Mooiplaats, CoAL's initial thermal coal project in South Africa. The Mooiplaats colliery plans to ramp production up to 2.4 million tonnes by 2013, and based on the work it did for Mooiplaats, EPE ...
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Kwekwe Farming Kwekwe Farms is a leading producer of high-quality poultry products for several domestic markets. We operate vertically integrated business units across the poultry value chain, and our long-term objective is to grow a sustainable and competitive poultry business anchored by innovation and profitability. Our goal: to become one of the biggest poultry producers [.]
Get priceTransferred in Oct 2005 to Optimum Coal Mine as graduate. Optimum underwent intervention under guidance of McKinsey & Company during 2006 - received opportunity to train and operate as Business Analyst - assigned to Mining Extraction Team (Remember I'm a plant guy) - Cost saving initiatives priority at the time (Export Coal Price @ $45 - 48/ton).
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Zama Phangwa Construction is 100% black-owned company located in Driefontein, Mpumalanga. The company service offering includes hygiene, construction, plant hire, equipment and tools supplies, materials supplies, coal haulage, painting, renovations, labour, and transportation services. Email: msizimfanelo@gmail
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The gold miner bought the coal operation for a net cost of R148mln (£8.7mln) since when the price of coal has rallied strongly. Coal of Africa (LON:COAL) is now acquiring PAF's 91% stake for ...
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It is the first hard coking coal asset to be explored within the greater Soutpansberg assets the company has rights to. The plan is to build a 5.5 million tonnes per annum (Mtpa) mine capable of...
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The Nucoal acquisition is now bedded down and performing to expectations and, after a challenging period at Mooiplaats getting through the lean coal section, we are now fully into bituminous...
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PERTH (miningweekly) - Triple-listed Coal of Africa Limited (CoAL) on Tuesday reported that it had narrowed its after-tax net loss for the financial year ended June to $63.5-million, from...
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In its recent annual report, Coal of Africa said that the Mooiplaats mine remained unprofitable, due to strikes, weak coal prices and "operational challenges". The company is looking to restructure...
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COAL of Africa (CoAL) ... producer with assets in SA close to CoAL's Mooiplaats mine. NuCoal's Woestalleen colliery, which in the year to June produced 2,5 tons of saleable coal, supplies domestic ...
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Our operating philosophy: MC Mining Limited (MCM) is an emerging developer of high-quality coking and thermal coal assets, located primarily in the Limpopo province of South Africa. The purchase of the Uitkomst Colliery in 2017 has shifted the company's focus from project development to operation. Formerly known as Coal of Africa Limited ...
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