Member Info for 46andup

To all the the people that are working so hard to help us all .A BIG THANKS its not going unnoticed you are all amazing.

There is still lots to be done ,let's see what the meeting brings and take it from there.this company has a lot to answer for.stick together.And once again thank you all at action group.

To think COAL INDIA have spent around $80.68m on A1 and A2 blocks in Tete province of Mozambique.to find "The reserves in the two blocks do contain carbon, but it is not good enough to be called coal.Shame they could of brought bhr for that and had high quality coal.

Good opportunities for SA to export coal to India 10TH FEBRUARY 2015 BY: KIM CLOETE EMAIL THIS ARTICLE © REUSE THIS CAPE TOWN (miningweekly.com) – South Africa should move more aggressively to export coal to India, as well as look for opportunities in other emerging markets, suggests Macquarie Group global commodities research head Colin Hamilton. He told delegates at the Mining Indaba in Cape Town that India was a good option, as it did not have enough coal to keep up with the growing domestic demand for coal. “We think India will remain a positive story for seaborne demand as domestic supply lags demand growth,” said Hamilton. Coal India was targeting the production of one-billion tonnes of coal by 2020 but the restructuring of the Indian coal mining sector was still some way off. China, in contrast, had very strong domestic coal production coupled with a protectionist policy. South Africa is the world’s fourth-largest exporter, supplying both the Atlantic and Pacific. Hamilton said 90% of South Africa’s coal exports used to go to Europe, but, with policy changes, the country was now exporting more to the Pacific basin.

there must be interest from other companies to buy our mines and trains. India keep saying they need more coal,if so come and buy us out. (WELL EVEN THROUGH IN THE BODs FOR FREE )

KOLKATA: State-run monopoly Coal IndiaBSE -0.95 % is likely to scrap its maiden overseas coal production project as the deposits in the acquired blocks are "not good enough to be called coal," a top company executive said. The executive, who spoke to ET on condition of anonymity, said the coal in the two blocks acquired in Mozambique is unfit for consumption by even Indian power plants, which can use the lowest variety of coal. Coal India (CI .. Read more at: http://economictimes.indiatimes.com/articleshow/46168876.cms?&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Coal India likely to scrap Mozambique production project on poor deposits By Debjoy Sengupta, ET Bureau | 9 Feb, 2015, 04.00AM IST 0 comments |Post a Comment

the BOD have shown how good they are at running a company,think that sums it up.

Haso , sounds like your a lost soul. Now go find some were else and pray.

Even if you can not make the meeting I'm sure everyone will be kept well informed. As long as we stick together and fight this for justice that's what really matters.for the greater good. .

has a day been set for the meeting ,its just i dont know if it has or not.

Were for sale come and buy us.

Go ahead i have not sent it so if you could would be great .

Mr Nirmal Chandra Jha the Director-General of IVCL Mozambique said that Indian consortium International Coal Ventures Limited (ICVL) plans to invest USD 2 billion in Mozambique, including construction of a power station. Mr Nirmal Chandra Jha said that the amount includes a project to transform coking into liquid fuels, in addition to mining within next three years of 13 million tons of coal annually. The consortium was formed in 2009 as a “special purpose vehicle” for state-owned steel companies, Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Limited (RINL), the largest producer of iron ore, National Mineral Development Corporation Ltd and Coal India with a registered capital of INR 100 billion. In July 2014, the consortium signed an agreement with Anglo-Australian group Rio Tinto to buy a 65% stake in the Benga mine and 100% of the Zambezi and Tete Oriental mines in Tete province, Mozambique for a total of USD50 million. ICVL has already sent 3 shipments of coal mined at Benga for SAIL and the RINL, and has plans to send 5 shipments this year. To achieve economies of scale, the consortium decided to build a factory for transforming coking coal into liquid fuels, a thermal power station with a capacity of 300MW and gradually increase coal mining up to 13 million tons in 2017.

thanks again andy .

thank you andy

Hi duxi How are you,yes its quite in deed it will be good to get some news hopefully soon till then I guess we wait.

I second that a BIG THANK YOU to all who are fighting hard in our corner,your an amazing group of people .may the gods be with us all.

I agree baker Tilly need time to do what they do best,Go through everything and leave no rock unturned. Who knows they might the BOD hiding under one.

Just hope they can balance the scales in our favour for once, it seems this share has been played around with for far to long.