World Mining Exploration News

South Africa at this time began to focus on the coal mine who has just found out of Africa after completing revisions to the mining layout Mooiplaats coal project located in the province of Mpumalanga.

Made that the quality of coal exports is expected to be reached in November 2009 at the beginning, or in the first quarter 2010. The company initially planned to sell export-quality coal in the early summer months the new one, which started on July1.

Coal said that all other aspects related to planning and scheduling exploration for Mooiplaats remain the same, and there is no material amendment to either anticipated or tonnage mining project schedule.

The Aim, ASX and JSE-listed company that is operating in Mooiplaats projects that can proceed to operate well, with the lean mid-volatile coal is currently produced at the monthly level of 30 000 t run-of-mine (ROM).

Coal also said that it was ongoing discussion with a number of parties regarding an off take agreement for the mid-volatile coal lean. Must be authorized to handle will concluded, production can be ramped up to more than 80 000 t / m ROM.

Companies have reached agreement on the terms and conditions for the off take of export quality thermal coal produced in the akan Mooiplaats, Africa.

Discussions continue with a third party that requires coal processing facilities, and rail and port access, operational exploration as a coal miner.

Meanwhile, coal states that he was ready to “immediately” begin the first phase of Vele coking coal project in Limpopo province, on the granting of new order mining license from the South African government.

In the first phase will begin with the establishment of a modular treatment of coal, which will have the ability to provide around one million tons of coking coal is sold a year, expected to be delivered to the steel major ArcelorMittal South Africa is to be used in a steel factory in Vanderbijlpark.

Capacity of coal modular treatment plant can be doubled, if the steel companies are trying to improve takeoff from Vele. A signed letter of intent with ArcelorMittal South Africa in April 2008, provided for the candidates from the off take of coal from coal coking properties of between 2.5 million ton per year and five million tons per year.

In the second phase of the plan will deliver the capacity of five million tons of coking coal a year. Timed second phase expansion to deliver five million tons per year of coking coal sold will dictated by market conditions.

Total capital cost required to complete one stage of the estimated R35-million. To double the capacity of the next stage will cost R200-million. Some of the R2 ,65-billion will be needed for the second stage.

Coal mine company further stated that he was planning ahead with the Makhado project from coking coal, in Limpopo. Analysis of the quality of coal resources that have been proceeding, after the completion of additional large diameter bulk sample drilling in the second quarter of 2009.

Full-scale project plans based on the production of five million tons of coking coal a year. The same with the phased approach in Vele using modular coal processing plant may also be applied in Makhado, which will reduce initial capital requirements and allows for self Coal full funding to build capacity in the mine.

At the time this is an indication that the source of coal mine based on the first phase, modular, with a capacity of one million tons of coking sold each year, will require capital investment in the order of R500-million, compared with the R2 ,7-billion is required for full-scale mine development.

Coal oversee market conditions that will determine whether the development is based on the Makhado akan full-scale production of five million tons per year, or a similar phased approach as taken in Vele.

Coal mine company has prepared the documentation for the project Makhado mining right application, which is planned to be submitted to the government, after the Section 11 approval has been obtained for farm diversification swap with the giant Rio Tinto. This is expected during the second half of 2009.