Friday, 07 Oct 2011
BS reported that the operations of Bhubaneswari open cast mine under the command area of Mahanadi Coalfields Limited, a subsidiary of Coal India Ltd, has been outsourced to Essel Mining, an Aditya Birla group firm.
It is for this first time in the history of CIL that operations of a coal mine has been fully outsourced to a private firm even though the ownership remains with MCL. The Bhubaneswari open cast mine has a capacity of 20 million tonnes per annum.
According to a government decision, three coal mines in MCL have been offered for outsourcing- Bhubaneswari and Kaniha, both in Talcher coalfields and Kulda mines under Basundhara coalfield in Sundergarh district.
While full outsourcing activities have begun in Bhubaneswari, other two mines are still to adopt the same though contracts have been awarded, according to an MCL official.
Essel Mining, which has been awarded the contract for 15 years for the Bhubaneswari mines, performed the ground breaking ceremony at a site near Jilinda village in the presence of MCL chairman and managing director Mr AN Sahay.
However, the ground breaking ceremony was disrupted by affected villagers who held demonstrations at the site. Later, they were pacified after the MCL CMD assured to look into their demands relating to rehabilitation.
All works related to the Bhubaneswari mines including production, removal of over burden and street lighting will be done by Essel Mining. The private company has been given a target to produce eight million tonnes in the first year.
(Sourced from BS)
Showing posts with label open cast mine. Show all posts
Showing posts with label open cast mine. Show all posts
Friday, October 7, 2011
Tuesday, August 16, 2011
TISCO to invest in largest open-pit iron ore mining project in China
August16,2011
Shanxi-based Chinese steelmaker Taiyuan Iron and Steel Co. (TISCO) has announced that it plans to invest in the construction of the largest open-pit iron ore mining project in China, namely, the Lvliang iron ore project located in the county of Lan in the east of the Lvliang region in Shanxi Province.
The total investment in the iron ore project by TISCO will be RMB 10 billion ($1.565 billion). The designed annual iron ore concentrate capacity of the project will be 7.4 million mt.
(sourced steelorbis)
Shanxi-based Chinese steelmaker Taiyuan Iron and Steel Co. (TISCO) has announced that it plans to invest in the construction of the largest open-pit iron ore mining project in China, namely, the Lvliang iron ore project located in the county of Lan in the east of the Lvliang region in Shanxi Province.
The total investment in the iron ore project by TISCO will be RMB 10 billion ($1.565 billion). The designed annual iron ore concentrate capacity of the project will be 7.4 million mt.
(sourced steelorbis)
Thursday, March 17, 2011
Wescoal and contractor trade blame
Sutha Civils lays fraud charge against Wescoal, threatens to launch liquidation process.
Mar15,2011 07:16:15 AM
By Allan Seccombe, Business Day
IN THE matter of Wescoal versus its contractor, Sutha Civils, both parties are at opposite poles, with Sutha laying a complaint with the police against the JSE-listed coal producer’s subsidiary, Wescoal Mining, which denies any wrongdoing and blames the action on "malicious intent".
Sutha will today file a liquidation process in the South Gauteng High Court, said Sutha CEO Nico Swart, who says he will meet members of the Commercial Crimes Unit to flesh out his allegations and give documentary proof. Mr Swart is clear about the root of his allegation made against Wescoal and its Khanyisa colliery. "There is no coal," he said yesterday .
He said Sutha was contracted to do open-cast mining at Khanyisa and were given co-ordinates by the mine’s geologist. However, when the site was opened, the targeted coal was not there, he said.
"This is not my problem if there is no coal," he said. "The tonnages mined from the box cuts are not what they told investors.
"I have my documents, contracts and drawings showing where places were opened up, but there was no coal. I can show these to investors, the police. I can show the coal is not there."
Wescoal Holdings CEO Andre Boje dismissed the claim with unusual bluntness. "I categorically deny that claim. Furthermore, I’m not going to debate with these hooligans in the media. They are making unfounded and scary allegations."
Wescoal and its lawyers had yet to see the documentary proof Mr Swart claimed to have, Mr Boje said. "Among a number of unsubstantiated claims, Sutha has now accused Wescoal of overstating tonnages mined at Khanyisa. We categorically deny this. We are a company with integrity and ethical principles and in this case, a target of malicious intent."
Wescoal’s counterallegation is that Sutha was mining outside the area in some cases.
Wescoal shares fell to 91c yesterday before staging a recovery to end back at Friday’s price of 99c.
Wescoal told the market via a release on Sens that it had begun its first investigation into irregularities in the Sutha contract within five months of Sutha being hired to mine the west pit at Khanyisa.
"No meaningful explanations were forthcoming from Sutha and the situation was exacerbated, until December 2010 when Wescoal removed Sutha from the Khanysia property and operation in entirety," the Sens statement said.
Mr Swart said there may be a second party to the liquidation proceedings. Mr Boje said he was aware of no other claims against Wescoal.
Khanyisa is the first operating mine in the group and marked its shift from being a coal trading firm to an integrated producer. It is an open-cast mine near Kendal in Mp umalanga and has an estimated reserve of 2,7-million tons.
In April to September last year , Khanyisa produced 887000 tons of coal, of which 546000 tons was supplied to Eskom. Wescoal said that the mine should reach its stated target of 1,2-million tons of run-of-mine coal by the financial year-end on March 31, and it is forecast to have supplied Eskom with 900000 tons in the same period.
By Allan Seccombe, Business Day
IN THE matter of Wescoal versus its contractor, Sutha Civils, both parties are at opposite poles, with Sutha laying a complaint with the police against the JSE-listed coal producer’s subsidiary, Wescoal Mining, which denies any wrongdoing and blames the action on "malicious intent".
Sutha will today file a liquidation process in the South Gauteng High Court, said Sutha CEO Nico Swart, who says he will meet members of the Commercial Crimes Unit to flesh out his allegations and give documentary proof. Mr Swart is clear about the root of his allegation made against Wescoal and its Khanyisa colliery. "There is no coal," he said yesterday .
He said Sutha was contracted to do open-cast mining at Khanyisa and were given co-ordinates by the mine’s geologist. However, when the site was opened, the targeted coal was not there, he said.
"This is not my problem if there is no coal," he said. "The tonnages mined from the box cuts are not what they told investors.
"I have my documents, contracts and drawings showing where places were opened up, but there was no coal. I can show these to investors, the police. I can show the coal is not there."
Wescoal Holdings CEO Andre Boje dismissed the claim with unusual bluntness. "I categorically deny that claim. Furthermore, I’m not going to debate with these hooligans in the media. They are making unfounded and scary allegations."
Wescoal and its lawyers had yet to see the documentary proof Mr Swart claimed to have, Mr Boje said. "Among a number of unsubstantiated claims, Sutha has now accused Wescoal of overstating tonnages mined at Khanyisa. We categorically deny this. We are a company with integrity and ethical principles and in this case, a target of malicious intent."
Wescoal’s counterallegation is that Sutha was mining outside the area in some cases.
Wescoal shares fell to 91c yesterday before staging a recovery to end back at Friday’s price of 99c.
Wescoal told the market via a release on Sens that it had begun its first investigation into irregularities in the Sutha contract within five months of Sutha being hired to mine the west pit at Khanyisa.
"No meaningful explanations were forthcoming from Sutha and the situation was exacerbated, until December 2010 when Wescoal removed Sutha from the Khanysia property and operation in entirety," the Sens statement said.
Mr Swart said there may be a second party to the liquidation proceedings. Mr Boje said he was aware of no other claims against Wescoal.
Khanyisa is the first operating mine in the group and marked its shift from being a coal trading firm to an integrated producer. It is an open-cast mine near Kendal in Mp umalanga and has an estimated reserve of 2,7-million tons.
In April to September last year , Khanyisa produced 887000 tons of coal, of which 546000 tons was supplied to Eskom. Wescoal said that the mine should reach its stated target of 1,2-million tons of run-of-mine coal by the financial year-end on March 31, and it is forecast to have supplied Eskom with 900000 tons in the same period.
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