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Most South Africa coal assets work to plan amid rain - Anglo
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Thursday, 03 Feb 2011
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Anglo American Plc said that most of its South African steam coal operations delivered to plan in recent weeks as heavy rains pummel the country.

London based Anglo American’s local unit said that “Despite the challenges posed by rain, our Thermal Coal operations have performed well with most of them delivering according to plan”

Heavy rain since December in South African derailed trains, flooded crops and added to coal producers’ problems in Australia, where floods have shut mines in Queensland. South Africa declared 28 municipalities across seven of its nine provinces disaster areas last week.

Wescoal Holdings Ltd said two of its coal pits in South Africa’s main producing region, Mpumalanga, flooded and it may lose about a quarter of a year’s output. Rockwell Diamonds Inc. lost five days’ worth of gem production due to flooding at its operations north of Kimberley, where three-quarters of the normal annual rainfall was recorded in the past six days.

Rains may persist into June, the South African Weather Service said January 26. In the first 10 days of January, most of South Africa received more than double its normal rainfall.

(Sourced from Bloomberg)

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