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Coal junior targets near-threefold output increase to 10Mt/y in two years

GROWTH MODE

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Creamer Media Staff Writer
 
COAL
Junior coal mining company Canyon Coal is producing 300 000 t/m of run-of-mine (RoM), which equates to 3.6-million tons a year of coal across all its operations. However, the company is aiming to increase this to ten-million tons a year over the next two years, thereby making it a midtier coal miner. Canyon executive chairperson Vuslat Bayo─člu says the company is producing 180 000 t/m, or two-million tons a year, of coal for the export market, with the remaining coal being supplied to local clients such as sugar and paper mills. The company currently has no offtake contracts in place with State-owned power utility Eskom.
 
 
 
 
 

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