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    coal investing

    Zibulo Coal Mine to Reach Full Production in Third Quarter 2012

    Investing News Network
    Mar. 29, 2012 03:20PM PST
    Industrial Metals

    Mining Weekly reported that Anglo American’s (OTC Pink:AAUKY) Zibulo coal mine is expected to reach capacity of 8 million tons annually by Q3.

    Mining Weekly reported that Anglo American’s (OTC Pink:AAUKY) Zibulo coal mine is expected to reach capacity of 8 million tons annually by Q3.

    As quoted in the market news:

    Primary export product is railed to the Richards Bay Coal Terminal and secondary middlings sold to the local market, which would from April solely comprise State-owned power utility Eskom. At full production, saleable production would amount to about six-million tons a year, equally divided between thermal export product and domestic product.

    Click here to read the full Mining Weekly report.

    coal investing
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