Home News Energy Page 109

Energy

Uranium output on the up

Namibia's total uranium output rose 4% in the second quarter of 2010 compared with the first three months of the year, data showed.

Bullish outlook for coking coal

MF Global reckons the coking coal market has better fundamentals than the iron ore market and Mozambique stands to benefit significantly but only when the required infrastructure is provided.

Resgen goes for it in the Waterberg

Australian junior Resource Generation has big plans for its proposed coal mine in the Waterberg but success will depend on solving critical railway and port infrastructure bottlenecks.

Mining at Smitspan colliery to start mid 2011

Firestone Energy, says mining at the Waterberg Coal Project's Smitspan colliery site is targeted to commence by mid 2011.

Coal exports drop way below target

Exports by the Richards Bay Coal Terminal plunged in June in spite of a healthy recovery in coal railed to the terminal by Transnet Freight Rail after the strike in May.

Japan’s Itochu takes 10.3pct stake in Extract

Extract Resources, the Australian mining company focused on developing uranium projects in Namibia, says Japan's Itochu Corporation had agreed to acquire a 10.3% stake in its business.

First Uranium granted TSX review extension

Canadian uranium junior First Uranium, has advised that it has received a 30-day extension of their Toronto Stock Exchange (TSX) listing review.

RBCT coal exports tumble in May

South African coal exports from Richards Bay Coal Terminal fell to 4.01 million tonnes in June from 4.6 million in May, exporters said.

Anglo sells Aussie coal assets for $500m

Resources giant Anglo American has agreed to sell its interests in five underdeveloped coal assets in Australia for about $500m.

Shanduka workers down tools

Hundreds of workers at Shanduka Resources' coal mines have downed tools claiming the company had to centralise its bargaining in order to harmonise working conditions at all collieries.