Exxaro Resources Ltd expects coal production for the half year to June 30 to increase by 1.7 percent to 23.52 million tonnes.
EXXARO RESOURCES LIMITED Mining News
The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire.
The National Union of Mineworkers (NUM) and the Chamber of Mines, which has been negotiating on behalf of the country’s main coal producers, will sign the agreement later today.
According to the National Union of Mineworkers (NUM), the Swiss-based company is the one “holding the whole process to ransom".
Why would a resource company be involved in COP17?
The end that black-controlled JSE-listed Exxaro Resources will put to local zinc refining by December 31 is “clearly unfortunate”, says International Zinc Association of Southern Africa regional director Rob White.
Reuters Africa reports Exxaro (JNB:EXX) has invited bids for the company’s stake in a zinc and lead mine in Namibia. The market news is quoted as saying: The assets up for sale include Exxaro’s 50.04 percent stake in the Rosh Pinah mine and its wholly owned Zincor refinery.