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Friday, 27 August 2010

Mine Watch (Maamba)

Singapore mining company Nava Bharat Pte announced last week that it intends to spend US$108 million on modernising Maamba coal mine, which it acquired in December last year. The money would be invested in a new coal processing plant and mining equipment over the next 18 months. The mine is expected to produce 360,000 tonnes of coal for the first year. More detail via Reuters.

1 comment:

  1. A noteworthy article on the Windfall Tax, from The Post:

    Windfall tax on copper was wrong - Mulenga
    By Speedwell Mupuchi in Chingola and Kabanda Chulu in Accra, Gh
    Tue 31 Aug. 2010, 04:00 CAT

    ReplyDelete

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