MiningMX
MiningMX
MiningMX

Waterberg Coal Co. doubles coal resource

1 min read
An Indian labourer breaks up pieces of coal at a depot in Siliguri on October 18, 2010. India has launched its largest-ever share sale, with the government looking to raise 3.5 billion dollars by offering 10 percent of state-owned giant Coal India — the world’s biggest coal miner. The offering invites foreign and retail investors […]
An Indian labourer breaks up pieces of coal at a depot in Siliguri on October 18, 2010. India has launched its largest-ever share sale, with the government looking to raise 3.5 billion dollars by offering 10 percent of state-owned giant Coal India — the world’s biggest coal miner. The offering invites foreign and retail investors […] Picture: AFP

[miningmx.com] – WATERBERG Coal Company, the Sydney- and Johannesburg-listed thermal coal development company said its Waterberg Project had doubled in measured resource to just over two billion tonnes.

“The doubling of the measured resource to 2 billion tonnes gives the project technical team the flexibility to optimise the draft SRK bankable feasibility study mine plan, currently set up to supply 10 million tonnes of coal product … to Eskom,” the company said in a statement to the JSE.