Most good stuff, some out of date, bits rubbish! To save space, I didn't
copy the whole article.
regards, Martin Potts
THE UPS AND DOWNS OF SELLING A COLLIERY
Ellington will carry on, for the time being anyway. RJB is to invest around
£8m in a new set of face equipment with new faces not that far away from pit
bottom. The expected reserves to the far north have been abandoned. The
Serbian conection was always just politics - the financial justification was
completely unrealistic - importing steam coal to Serbia. They've got lots of
their own - and no market for it.
PRESCOTT PACT STARTS COAL CRISIS
Er, rubbish!
RJB TO GO PRIVATE!
He tried it, apparently the venture cap people wouldn't back him. Surprised
to find that shareholders do have rights after all - so the dividend got
increased to keep everyone quiet.
SOUTH AFRICAN SHAFT TO BE 3000M DEEP
The deepest single lift is actually at Moab Khotsong, formerly Vaal Reefs 8
shaft, which is or will be hoisting from 3,150 metres, though men and
materials only. However, the South Deeps shaft WILL be the deepest single
lift rock hoisting shaft. Deepest point of all is the bottom of Western
Deeps which is going for 4,000 metres though not there yet. I was down there
last year - HOT!
A mistake by Mining Magazine...?? Anyway, World Mining Equipment had the
full story back in October 1998 -available out there.
LATEST BLOW LEAVES COAL INDUSTRY FACING EXTINCTION
More rubbish. Look at the capacity of the UK importing ports to handle the
amount of coal that would be needed and the capacity of EWS to haul it. Both
are as near as full as makes no difference, which is why so much Scottish
coal didn't get moved south during the winter. System full... It could be
different in a few years though, but it'll cost. In short, the generators
will have to buy RJB coal for a few years yet, or stop burning coal. Not so
good for all those companies that have recently been buying power stations
from National Power and Powergen.
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