Top Mining News: This is the mining news on South Africa's Coal Industry. all coal companies must collectively attack strategic issues in order to ensure that South Africa will not lose out on the next boom, as it had lost out on the one just past.
South Africa’s coal industry needs to ready itself for the next coal boom, which will undoubtedly occur, states Anglo Coal South Africa CEO Ben Magara on page 9 of this edition of Mining Weekly.rnrnMagara told McCloskey’s South African Coal Conference, in Cape Town, that all coal companies must collectively attack strategic issues in order to ensure that South Africa didn’t lose out on the next boom, as it had lost out on the one just past.rnrnHe stated that all South African coal-miners were still digging in the depleting Witbank coalfield and that the migration to the Waterberg coalfield had been “very slow”. South Africa did have vast coal resources, but turning those new areas to account required serious and ongoing commitment.rnrnPlatinum-miner Northam Platinum CEO Glyn Lewis believes that platinum prices may trend higher in 2010, though he concedes that the immediate outlook for the platinum market remains uncertain.rnrnHe states on page 31 of this edition of Mining Weekly that there’s no doubt that 2009 will provide a challenging market, but thereafter, he believes, the demand for Northam’s basket of platinum-group metals will show some recovery.rnrnCoal exports from Mozambique are all set for kick-off in 2010. Read on page 7 of this edition of Mining Weekly of Riversdale Mining, at full production, hoping to export six-million tons of hard coking coal and two-million tons of thermal coal from the Port of Beira in the latter half of 2010.rnrnAim-listed Central African Mining & Exploration Company consulting geologist Allan Saad adds that his company plans its first-phase exporting in 2010, initially at the modest rate of 1,5-million tons a year, and then building up to 15-million tons a year and later to 20-million tons a year.rnrnVale of Brazil has a huge project in the same area of the prospective but underexplored Moatize-Tete area of Mozambique, which embraces mining, coal-fired power generation, a railway line and a port.
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