South Africa based Coal of Africa Limited (CoAL), a leading mine developer and producer of high-quality thermal and coking coal witnessed a production drop of 188,921 Metric Tons (MT) in the second quarter of '13(calendar year).
Whereas, in the
first quarter of 2013 the production was at 911,563 MT witnessing a slump of 79% in production.
The factors which affected the production are majorly the resource depletion of Vuna colliery and the Matola rail corridor closures which resulting in suspension of the coal exports and Mining activities.
CoAL also mentioned that
on first quarter ‘13, a bridge on the railway line to the Matola Terminal in Maputo Mozambique (“Matola”) collapsed as a result of a train derailment .
The damage caused by a derailment resulting in the closure of the Matola rail corridor during March '13 was repaired and the railway line re-opened in April '13, with the Company re-commencing the export of coal during May '13.
This has resulted decrease in export of coal from the Matola Terminal by 49% to 136,172 MT.
CoAL is looking forward for Makhado Project. Makhado Project Definitive Feasibility Study results confirmed that the project has the ability to produce 2.3MnTPA of world class quality hard coking coal and 3.2MnTPA of thermal coal and indicates robust returns.
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