South Africa coal, metal exporters to spend billions on rail
Organizations representing firms including Glencore and a unit of Anglo American are negotiating the terms of the pacts with Transnet.
The Obama Administration is making more land available for coal mining in Wyoming, says a report from CNN:
Coal mining on public lands will expand in the coming months in Wyoming, as the federal government makes more coal-rich land available for lease by mining companies.
“Coal is a critical component of America¹s comprehensive energy portfolio, as well as Wyoming’s economy,” Interior Secretary Ken Salazar said at a news conference.
The leases are expected to bring in between $13.4 billion and $21.3 billion in leasing bids and royalties to the federal government and the state of Wyoming. Wyoming will receive 48% of those revenues, with the rest going to the federal government.
