World’s largest coal company Coal India to retire 37 mines in India
The largest coal mining company in the world, Coal India, has announced plans to decommission a total of 37 mines which are no longer economically viable in India. Coal India, which accounts for over 80 per cent of the India’s coal production, produced an average of 1.42 tonnes of coal per day in June last […]
Coal miner Hwange Colliery Company signs 25-year deals
Zimbabwe’s largest coal miner, Hwange Colliery Company Limited (Hwange), has signed two 25-year coal supply agreements with two local companies. The initiatives will see the company supplying more than 400 000 tonnes of coal per month to State-owned Zimbabwe Power Company and independent electricity producer Lusulu power. Hwange managing director Thomas Makore yesterday said the […]
China stops coal trade with North Korea, sends shipment back
A fleet of North Korean cargo ships is heading home to the port of Nampo, the majority of it fully laden, after China ordered its trading companies to return coal from the isolated country, shipping data shows. Following repeated missile tests that drew international criticism, China banned all imports of North Korean coal on Feb. […]
Approval for world’s biggest coalmine overturned by Australian federal court
The federal court has overturned the Abbott government’s approval of Australia’s largest proposed coal project, Adani’s Carmichael mine in north Queensland. The court has ruled the environment minister, Greg Hunt, ignored his own department’s advice about the mine’s impact on two vulnerable species, the yakka skink and the ornamental snake. The decision leaves Adani, which […]
Australian coal mine bought for $624 million three years ago has just been sold for $1
The destructive force of a collapse in world coal prices has been underscored by the sale of a mine valued at A$860 million ($631 million) three years ago for just a dollar. Brazilian miner Vale SA and Japan’s Sumitomo Corp. sold the Isaac Plains coking-coal mine in Australia to Stanmore Coal Ltd., the Brisbane-based company […]
New Equipment Major Boost for Zimbabwe Hwange Colliery
Listed coal producer Hwange Colliery Ltd (Hwange) recently commissioned US$31,2 million worth of equipment expected to increase production and improve the company’s efficiency as part of its recovery strategy. The firm also hopes to clear all its legacy debt in excess of US$160 million. Businessdigest (BD) reporter Taurai Mangudhla this week interviewed Hwange Colliery CEO […]
