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Mar 19, 2020· Eskom Holding SOC Ltd. committee signed off on the start of talks with Anglo for as much as 17 million tons of coal a year from the New Largo mine, located near .
Nov 08, 2019· Eskom is yet to say which tied mines it intends funding, but it most likely is the undeveloped New Largo mine, owned by Seriti Resources. It is adjacent to .
The remainder of the issued share capital of New Largo Coal are held by the New Largo Community Trust (5%), and the New Largo Employees Trust (5%). [3] Its shareholders are Masimong Benefictation (Pty} Ltd, CIH Projects (Ply) Ltd, Thebe SPV 0011 (Pty) Ltd and Kamanda Investments (Ply) Ltd(each shareholder owns 25% of Seriti Resources).
New Largo's principal asset is the approximately 585 Mt Coal Resource, with the related Mining Right, that is well-positioned to supply Eskom's new Kusile power station. Norman Mbazima, Deputy Chairman of Anglo American South Africa, said: "I am delighted to announce the sale of New Largo to a new majority black-owned-and-managed company.
Aug 01, 2018· New Largo. N ew Largo is located in South Africa and its principal asset is the approximately 585Mt Coal Resource, with the related Mining Right, that is well-positioned to supply Eskom's new Kusile Power Station. For further information on the Coal Resource please refer to the Anglo American Ore Reserves and Mineral Resources Report 2017.
New Largo coal mine - SourceWatch. 2019-11-12 ↑ Anglo American Completes Sale of New Largo Thermal Coal Project in South Africa, Anglo American press release, 1 Aug 2018. ↑ Fawad Mir, Anglo to off-load New Largo thermal coal project for 850M rand, SP Global Market Intelligence, 29 Jan 2018. ↑ David McKay, Eskom, Anglo to seal deal on New Largo, Miningmx, 5 Dec 2013.
Jan 29, 2020· "New Largo has the capacity to produce between 10 and 12 Mtpa of coal which it will deliver to the adjacent new Eskom-owned Kusile power station. "Our plan is not to sit on our laurels but complete a feasibility study on the asset and potentially move it into production in 2020," Teke outlines, adding that he is confident of securing the ...
New Largo Coal is a majority black owned and controlled company whose shares are held by Seriti New Largo (45%), the IDC (22.5%), Coalzar (22.5%) and the New Largo Coal Employee and New Largo Coal Community Trusts (5% each). New Largo Coal intends to develop the New Largo Mining right into a large scale, long life coal mine in order to supply ...
Mar 19, 2020· Anglo began to exit assets including coal mines that supply the South African utility in 2016. Seriti expanded quickly by acquiring projects including New Largo, an estimated 585 million-ton coal resource the could supply as much as 12 million tons of fuel a year, according to Teke.
Jan 29, 2018· Anglo American (LON:AAL) continues to exit the South African coal sector after announcing the sale of its New Largo mine to a group of black .
Jan 29, 2018· The consideration will be payable in cash by New Largo Coal Proprietary Ltd upon closing of the transaction. New Largo is located in South Africa and its principal asset is the approximately 585 million t coal resource, with the related Mining Right, that is well-positioned to supply Eskom's new Kusile power plant.
Additional coal supplies will be required when Kusile reaches full production and this is intended to be sourced from the New Largo mine. The New Largo colliery is located directly east of the ...
Oct 05, 2017· SERITI Resources, the consortium that is concluding the purchase of Eskom-dedicated coal mines from Anglo American, is set to add to its asset base with an agreement to buy the New Largo project – a development that could see Seriti go public depending on its capital requirements. According to the last published estimates on the project, [.]
New Largo: 2018: Sale of New Largo Project to New Largo Coal, owned by Seriti Resources and Coalzar, both majority-owned and -controlled by HDSAs, and the Industrial Development Corporation (IDC) Seriti: 2018: Sale of Eskom-tied mines (Kriel, New Denmark and New Vaal) to Seriti Resources: Inyonsi Coal: 2007
New Largo is located in South Africa and its principal asset is the approximately 585Mt Coal Resource, with the related Mining Right, that is well-positioned to supply Eskom's new Kusile Power Station.
"The planned New Largo mine will be close enough to Kusile to deliver coal using conveyor belts and it should be able to supply all the coal (12-million tons to 14-million tons a year) required ...
Multinational mining company Anglo American, via its subsidiary, has completed the divestment of the New Largo coal project in South Africa. The transaction covers the sale of Anglo American Inyosi Coal's interest in the New Largo thermal coal project and the Old New Largo closed colliery, known collectively as New Largo, to the New Largo ...
Jun 08, 2009· Night-time operations in the open pit at Anglo Coal's New Vaal colliery Johannesburg, South Africa — MININGREVIEW.COM — 08 June 2009 – Anglo American Plc's South African coal unit – Anglo Coal – plans to complete a feasibility study on its New Largo mine by mid-2010, so that it can supply Eskom Holdings Limited's new Kusile power plant.
Mar 23, 2020· Anglo began to exit assets including coal mines that supply the South African utility in 2016. Seriti expanded quickly by acquiring projects including New Largo, an estimated 585 million-ton coal resource the could supply as much as 12 million tons of fuel a year, according to Teke.
The "New Largo thermal coal project" and the "Old New Largo closed colliery" are likely one and the same: The New Largo coal mine originated in discussions between Eskom and Anglo American in 2006 but was still being referred to as a "greenfield project" -- a minimally or unexplored project -- in August 2014, even though some outlets referred ...
Jan 29, 2018· New Largo is located in Mpumalanga province and its principal asset is the approximately 585 million tonnes coal resource, with the related mining right that .
Jan 30, 2018· New Largo is located in South Africa and its principal asset is the approximately 585Mt Coal Resource, with the related Mining Right, that is well-positioned to supply Eskom's new .
PPA 4332 Seriti Resources acquired the New Largo Colliery from Anglo Coal and is currently investigating the feasibility of developing an open cast coal mine on
Feb 08, 2017· The New Largo project is located in South Africa's eastern Mpumalanga province near Eskom's Kusile power plant, which will be the utility's biggest once its completed. Anglo expects the mine to produce about 570 million metric tons of coal for Kusile over a .
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