Coal junior targets near-threefold output increase to 10Mt/y in two years.
Junior coal mining company Canyon Coal is producing 300 000 t/m of run-of-mine (RoM), which equates to 3.6-million tons of coal a year across all its operations. However, the company is aiming to increase this to ten-million tons a year over the next two years, thereby making it a midtier coal miner.
Canyon executive chairperson Vuslat Bayoglu says the company is producing 180 000 t/m, or two-million tons a year, of coal for the export market, with the balance being supplied to local clients such as sugar and paper mills. The company currently has no offtake contracts in place with State-owned power utility Eskom.
He states that the company – which currently has three mines in operation – will be able to grow its production at its existing operations and bring new projects on stream, largely owing to its experienced and dedicated management team.
The company’s Hakhano and Singani collieries, in Middelburg, and its Phalanndwa colliery, in Delmas, all in Mpumalanga, produce bituminous coal. The three mines employ 634 people, including contractors.
Bayoglu, along with Hakhano and Singani GM Guy Thompson and Canyon group plant manager Jacque Diener, gave Mining Weekly an exclusive tour of Canyon’s mines last month, where they provided a status update and shared the company’s vision for the future.
This story is from the Mining Weekly 31 March 2017 edition of Mining Weekly.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Mining Weekly 31 March 2017 edition of Mining Weekly.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Digitalised Mining Can Allow For Deeper Mining
The University of the Witwatersrand (Wits), in Johannesburg, will test its latest developments in digitalised mining technology in underground mining conditions in the next two months at the Sterkfontein caves, a World Heritage Site in Muldersdrift, near Krugersdorp.
Beyond Expectations
Anglo exceeds target as 2016 net debt declines to $8.5bn
Many Leagues Under The Sea
Proponents see glistening future in seabed mining, but environmentalists fret.
Greater Demand For Credible, Local Testing Spurs Growth
Local environmental laboratory X-Lab Earth Science plans to expand its sup-port for air-quality testing companies servicing the mining and minerals industry as demand grows for accredited data analysis in this sector.
First Bougouni Drilling Assays 'Highly Encouraging'
West Africa-focused mineral exploration and development company Kodal Minerals has a busy exploration programme planned for the months ahead, with a focus on its lithium projects at Bougouni, in Mali.
Market Barometer
ETFs act as market indicator for precious metals, ensuring improved transparency.
Test Production Starts at Mowana
Africa ­focused gold and copper explo­ration and develop­ment company Alecto Minerals has started test production at its Mowana copper project, in Botswana, after initial commissioning at the project’s process plant, says CEO Mark Jones.
Digging Deeper Becoming More Attractive, Financially Possible
Developing a new shaft is regarded as a grudge purchase by mining compa-nies and their shareholders because of the capital-intensive nature of such projects.
Shaft Sinking Progresses at Platreef's Shaft 1
The sinking of Shaft 1 at the Platreef platinum- palladium-gold-nickelcopper project, in Limpopo, South Africa, has reached a depth of more than 283 m below surface, 697 m away from its target depth.
Supply Cliff?
Commodities supply shortfall looming following years of underinvestment
