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WORLD NEWS - October 2016

Coking Coal Prices Surge • Adani Buys Abbot Point in Australia • Vitol, Burgh Take Tegeta’s Share of Richards Bay • Exxaro Completes Sales of Inyanda to Burgh • CIL Looking Abroad for Coking Coal • Mitsui to Acquire Coal Mine Interest in Mozambique • Iran, Russia to Build 4 Thermal Power Plants • China to Take Measures to Stabilize Coal Supply, Prices

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Universal Commissions Second Coal Mine in South Africa

Universal Coal announced that the first phase of its New Clydesdale Colliery (NCC) has now been successfully commissioned. In 2014, the company opened the 2.8 million metric ton per year (mtpy) Kangala coal mine. The second mine positions Universal as multi-mine coal operator producing both domestic and export coal for South Africa. IchorCoal NV holds a 30% interest in Universal.

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Banpu to Ramp Up Power Capacity

Banpu Plc will continue to expand its power-generating business, aiming to spend $910 million to expand capacity by as much as 230% to 4,300 Megawatts (MW) by 2025, according to the Bangkok Post.

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Black & Veatch to Consult on Cirebon 2 Power Project in Indonesia

Drawing on more than 40 years of experience in power generation development in Indonesia, Black & Veatch will oversee the scheduling, design, quality control of equipment supplied, and construction activity for the 1,000-megawatt (MW) Cirebon 2 Project just east of Cirebon in West Java, Indonesia.

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Russia Predicts Strong 2016 Production Goal

Russia Energy Minister Anatoly Yanovsky said recently that the country’s coal production outlook for 2016 will be kept at 390 million metric tons (mt), a 4% year-over-year increase. The official, according to Russian news agency TASS, said he wants to maintain the country’s export dynamics for this year.

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