Nippon Steel, Xstrata Plc to Develop New Minig Area at Bulga Coal Mine in Australia.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Aug 31, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Nippon Nippon (nĭp`ŏn, nĭpŏn`), name for Japan, derived from Dai Nippon, meaning Great Japan. The expression comes from the Chinese ideograph for the place where the sun comes from, or Land of the Rising Sun. Steel, Xstrata Xstrata plc is an international mining company, listed on both the London Stock Exchange (LSE: XTA) and the SWX Swiss Exchange. Its headquarters are in Zug in Switzerland and it is a member of the FTSE 100 Index. Plc. and other partners of the Bulga Joint Venture currently engaged in mining of Bulga coal mine located about 150km northwest from Sydney have agreed that the Bulga JV will develop new mining area of underground operation at Bulga coal mine in Australia. The total capital investment is estimated to be about A$350 million, with construction of new mining area scheduled to commence in early 2007, with first coal production from new mining area in 2009 by the large-scale and newest mining equipment (Longwall). Bulga coal mine, where Nippon Steel holds 12.5% interest through the Bulga JV, is one of the distinguished coal mines in Australia. Under open cut and underground operation, about 10 million tons of coking coal and thermal coal are produced and supplied for world major steel companies and electric power companies. Nippon Steel has consistently supported the mine for 14 years since commencement of the operation in 1992, with increasing interest share from original 10% to current 12.5% in the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile . Underground operation in the current mining area - the Beltana area - is nearly at 50% of production to be covered, will likely cease at the end of 2009, while development of new mining area - the Blakefield area - is intended to replace current underground operations Underground Operations is a Toronto-based independent punk rock record label. Operated by Mark Spicoluk, former Closet Monster member, this label is one of the most cutting edge independent labels in Canada. . The Bulga JV hope the development will return 10 million tons of annual production for the mine after 2010. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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