Universal Coal finalises a 7-year coal supply agreement with ESKOM for 1.2 million tpy.
Trade & transport
Aspire Mining commences the first stage of the rail feasibility study for the Erdenet to Ovoot railway and expects it to be completed by December 2016.
Anthracite developer, Atrum Coal, has signed a non-binding MoU with a European manufacture of specialised carbon products.
Paringa Resources successfully amends its coal sales agreement with LG&E and KU for coal to be delivered from its proposed Buck Creek No.2 mine rather than its No.1 mine in Kentucky, US.
Aspire Mining is working to secure bridge funding to predevelopment work on the Erdenet-to-Ovoot rail line.
Development at Universal’s NCC coal project is awaiting on a coal supply agreement with state utility Eskom before moving the mine can move to production.