Universal Coal's coking coal projects are loed in South Africa's northern Limpopo province – a region that in recent years has attracted a major increase in exploration and the development of the Vele and proposed Makhado mines .
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Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content, and, since the 1880s, has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production.
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The move, which followed a similar cutback by Glencore in South Africa, is an attempt to reduce losses in the short term and to preserve the resource for mining in the future, when the company expects coal prices to be more favourable. But whether that ever happens is the source of vigorous debate.
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Did the market declare the death of thermal coal too soon?
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Aug 08, 2018 · By: Anine Kilian 8th August 2018 Exploration and mining project development company Sitatunga Resources, which has bought Wescoal's coal assets near Newcastle, KwaZuluNatal, believes its investment in the Braakfontein Colliery will create muchneeded jobs in the area.
Coal Commodity of the future. IchorCoal is an international mining company with a focus on thermal coal production in South Africa. Watch our Vunene mining video
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