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.
Friday, 27 August 2010
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A noteworthy article on the Windfall Tax, from The Post:
ReplyDeleteWindfall tax on copper was wrong - Mulenga
By Speedwell Mupuchi in Chingola and Kabanda Chulu in Accra, Gh
Tue 31 Aug. 2010, 04:00 CAT