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Chapudi coal project

4 bytes added, 22:46, 12 November 2019
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The company stated that "the coal has been demonstrated through test work to be suitable for combustion to generate electricity. Rio Tinto and Kwezi Mining are currently investigating the feasibility and economics of establishing a mining operation to feed coal into a power station. They are currently engaging with [[Eskom]], and a number of Independent power providers to this effect."<ref name="RT"/>
In November 2010, Coal of Africa (CoAL), now known as MC Mining, agreed to buy Chapudi from Rio Tinto,<ref name=SP>Gareth Carpenter, [https://www.spglobal.com/platts/en/market-insights/latest-news/coal/020612-coal-of-africa-agrees-to-bee-ownership-deal-for-chapudi-project Coal of Africa agrees to BEE ownership deal for Chapudi project], ''S&P Global Platts'', 6 Feb 2012.</ref> and on 13 May 2012, the deal was final, at which point Chapudi's total resources were 2,118 million tonnes,.<ref>[https://www.riotinto.com/documents/rio_tinto_2012_annual_report.pdf Rio Tinto Annual Report 2012], p. 55 & 59, Rio Tinto website, accessed Nov 2019</ref> The new owner submitted mining right applications for three projects -- the Chapudi, Mopane and Generaal projects, which together make up MC Mining’s [[Greater Soutpansberg Project ]] (GSP).<ref>Brendan Ryan, [https://www.miningmx.com/news/energy/35410-mc-mining-granted-mining-right-for-the-chapudi-coking-coal-project/ MC Mining granted mining right for the Chapudi coking coal project], ''Miningmx'', 11 Dec 2018.</ref> The GSP is near the Musina–Makhado special economic zone (SEZ) designated by the South African government for the development of metallurgical plants and a coal-fired power station.<ref>Luke Daniel, [https://www.thesouthafrican.com/news/china-south-africa-limpopo-coal-concern/ A look at China’s big plans for Limpopo and why locals should be concerned], ''The South African'', 12 Sep 2018.</ref>
In December 2018, MC Mining secured the mining right for Chapudi,<ref name=MCM>Staff writer, [https://www.nsenergybusiness.com/news/mc-mining-secures-mining-right-for-chapudi-coal-project-in-south-africa/ MC Mining secures mining right for Chapudi coal project in South Africa], ''NS Energy'', 11 Dec 2018.</ref><ref>[https://www.mining-technology.com/news/mc-mining-receives-mining-right/ MC Mining receives mining right for Generaal project in South Africa], ''Mining Technology'', 5 Nov 2019.</ref> which caused MC Mining's shares to rise.<ref>Staff reporter, [https://www.mining-journal.com/feasibility/news/1352846/mc-mining-rises-around-50-on-chapudi-mining-right MC Mining rises 50% on Chapudi mining right], ''Mining Journal'', 11 Dec 2019.</ref>. However, the Chapudi mining rights were appealed.<ref name=MCMAR/> MC Mining is still waiting to hear on the mining rights for the Mopane and Generaal Projects, the other two-thirds of the Greater Soutpansberg Project.<ref name=MCMAR/>
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