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CoAL, Rio Tinto reach new agreement over disputed deferred payment

By: Natasha Odendaal Triple-listed Coal of Africa Limited (CoAL) on Wednesday said it had reached an agreement with Rio Tinto Minerals Development and Rio Tinto’s joint venture partner Kwezi Mining over the deferred consideration payable by CoAL subsidiary MbeuYashu. Following the receipt – and subsequent dispute by... 

Glencore cuts supply cloth to fit demand coat

By: Martin Creamer The mix of mining and marketing within the same company provides sensitivity to commodity price falls. Continually highlighting the value of the mining-marketing mix is Glencore, which is quick to respond to market changes. 

Glencore cuts supply cloth to fit demand coat
Photo by Duane Daws
Ivan Glasenberg hand-in-hand with Education Minister Angie Motshekga at school opening.

Eskom claims ‘steady’ recovery in energy availability factor 

By: Terence Creamer State-owned electricity utility Eskom this week claimed that there had been a steady improvement in the energy availability factor (EAF) at its power stations, reporting “preliminary figures” indicating an EAF of 76.37% from the start of its financial year to May 3, 2016. The group’s financial... 

Eskom claims ‘steady’ recovery in energy availability factor

Wescoal appoints new CFO

Coal mining and trading company Wescoal has appointed Bothwell Mazarura as group FD and CFO, effective July 1. He would succeed former CFO Morne du Plessis, who resigned in September last year. 

Dismissal of R42m claim sends coal company's share price up

By: Martin Creamer A R42.5-million claim brought against coal mining company Keaton Mining by opencast mining services company Megacube Mining has been dismissed with costs. The JSE-listed Keaton said in a Stock Exchange News Service announcement on Tuesday that Megacube would also be liable for its failure to... 

Dismissal of R42m claim sends coal company's share price up
Photo by Duane Daws
Mandi Glad

Exploration, mining expected to grow in importance for cement producer PPC

By: Martin Creamer The medium-term game plan of African cement producer PPC is to find new resources needed by its operations, which will probably require it to engage in some form of exploration and eventual mining close to where urban development is expected in Africa. Over time, the resources side of the... 

Exploration, mining expected to grow in importance for cement producer PPC
Photo by Duane Daws
Darryll Castle

Indian summer takes a toll on coal mining

By: Ajoy K Das A scorching heat wave, which has seen the mercury rise to above 40°C in India over the past few months, aggravated by an acute water shortage across the country, has dealt a blow to most coal mining operations countrywide. In an attempt to cope with the heat wave – which had officially taken the... 

CoAL signs MoU with potential investor for Makhado project

By: Anine Kilian Coal of Africa Limited (CoAL) has signed a memorandum of understanding with Qingdao Hengshun Zhongsheng, which has shown an interest in acquiring an interest in CoAL’s flagship Makhado coking coal project, in the Soutpansberg coalfield. Hengshun had now started a due diligence on Makhado. 

CoAL signs MoU with potential investor for Makhado project

Kibo Mining completes review of feasibility study for Mbeya coal project

By: African News Agency Kibo Mining on Friday announced that the review of the Power Definitive Feasibility Study (PDFS) had been completed successfully, clearing one more regulatory hurdle into the development 250 MW to 350 MW mouth-of-mine thermal power station, the Mbeya Coal To Power Project (MCPP), in south-western... 

CIL coal goes under microscope as customers complain about quality

By: Ajoy K Das Faced with rising production as well as falling offtake and prices, India’s Coal India Limited (CIL) has initiated steps to address customer complaints around the quality of coal supplied. For starters, the government’s Central Institute for Mining and Fuel Research (CIMFR) has been directed to... 

Universal Coal anticipates improved April performance

By: Natasha Odendaal Following the completion of the pit configuration activities and the resumption of steady-state production at Kangala colliery, Universal Coal now expects record domestic sales of more than 200 000 t in April. As run-of-mine (RoM) coal production continued to improve, the colliery’s performance... 

Universal Coal anticipates improved April performance

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

MetSkill

By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Society aims to integrate more students into mining sector 

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

‘Boot camp’ initiative used to energise Sasol Mining’s women employees

By: Ilan Solomons At petrochemicals group Sasol's mining subsidiary, Sasol Mining, women account for 28% of management positions and 10% of executive positions with women comprising 15% of all Sasol Mining employees. This is according to Sasol Mining Twistdraai colliery mine manager Portia Malele who addressed... 

‘Boot camp’ initiative used to energise Sasol Mining’s women employees
PORTIA MALELE Sasol Mining has a Women in Mining forum to address issues such as recruitment strategies, development and growth and retention of female employees

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites 

By: Terence Creamer State-owned freight logistics group Transnet is taking aim at new sectors, such as fast-moving consumer goods (FMCG) and manufacturing, as it seeks to sustain volumes amid the prevailing commodity “meltdown”. Speaking publically for the first since his appointment as permanent Transnet CEO,... 

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites
Photo by Duane Daws
Transnet CEO Siyabonga Gama

CIL seeks technological collaborator for hydrological studies

By: Ajoy K Das India’s State-controlled coal major Coal India Limited (CIL) is seeking to collaborate with a technological partner following a government directive to complete a long-term hydrological survey across river basins where the miner is planning to implement at least two mining projects. According to... 

CIL slashes coal prices

By: Ajoy K Das Faced with mounting stocks currently estimated at 58-million tonnes, producer Coal India Limited (CIL) has slashed the prices of high-grade coal by around 40%. A senior CIL official said that the reduction in prices had been put into effect from April on an experimental basis, but could be... 

India launches investigations into illegal coal imports

By: Ajoy K Das India has launched country-wide investigations into coal importers over-invoicing and resorting to illegal cross-border funds transfers, which have been estimated at around $5.3-billion. Senior government officials said that over-invoicing of coal imports and illegal non-banking channel funds... 

Adani Australian coal mine approval faces fresh court challenge

By: Reuters A green group has asked the Supreme Court of Queensland to review the environmental approval granted to Indian conglomerate Adani Enterprise Ltd to build one of the world's biggest coal mines in the Australian state. Adani, which was granted a mining lease by Queensland earlier this month, has... 

APC secures funding for Dartbrook buy-out

By: Esmarie Swanepoel Junior Australian Pacific Coal (APC) has secured A$5-million in funding from cornerstone investor Trepang Services to purchase the remaining 16.67% interest in the Dartbrook joint venture (JV), in New South Wales, from Marubeni Coal. The ASX-listed company in December of last year signed an... 

Teck reports surprise profit as steelmaking coal, zinc prices turn north

By: Henry Lazenby Canada’s largest diversified miner Teck Resources has reported a surprise profit for the three months ended March 31, reporting headline earnings attributable to shareholders of $18-million, or $0.03 a share, compared with a forecast loss of $0.03 a share. Vancouver-based Teck, the largest... 

Lynne Brown: SOEs must stay in government hands 

By: News24Wire Government needs to retain its ownership of state-owned companies to ensure economic growth and create employment for generations to come, said Public Enterprises Minister Lynne Brown. In her budget speech for the 2016-17 financial year, Brown emphasised that South Africa’s parastatals, worth... 

Lynne Brown: SOEs must stay in government hands
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Polish State-controlled firms agree to put $620m into coal group

By: Reuters Six Polish State-controlled firms have agreed to put $620-million into a newly-established state coal mining group PGG, they said on Tuesday, as part of an effort to save the European Union's largest coal miner Kompania Weglowa from bankruptcy. Kompania is on the brink of bankruptcy as a result... 

Brown wants high cost of coal to Eskom investigated 

By: Terence Creamer Public Enterprises Minister Lynne Brown argued in Parliament on Tuesday that, as a 60% offtaker of coal in South Africa, Eskom should be in a position to command better coal prices and lamented the fact that the State-owned utility’s coal costs were rising at levels above inflation. “I am well... 

Brown wants high cost of coal to Eskom investigated

Nersa seeks to curb Eskom, coal mines

By: News24Wire The National Energy Regulator (Nersa) wants to determine a coal benchmark cost - an average rand/tonne cost of coal - as part of its final decision on Eskom's multi-year price determination (MYPD) process. Nersa proposes that this coal benchmark cost it determines would then be used for... 

Nersa seeks to curb Eskom, coal mines

Victorian miners face higher royalty rates

By: Esmarie Swanepoel The Minerals Council of Australia (MCA) on Tuesday lashed out at the Victorian state government over a three-fold increase on royalties paid by the brown coal industry. State Treasurer Tim Pallas over the weekend revealed the new royalty rate, which would be detailed in the state budget this... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Empty mining pipeline expected to be hot Junior Indaba topic
Photo by Duane Daws
Bernard Swanepoel

Anglo bettering North American safety benchmark

By: Martin Creamer Safety improvement at Anglo American mines has put the diversified mining company ahead of the North American mining industry, the leading point of reference. While in full production mode, the London- and Johannesburg-listed business achieved a fatality-free fourth quarter (Q4), which on top of... 

Anglo bettering North American safety benchmark
Photo by Duane Daws
Mark Cutifani

Tigers Realm nearly doubles Russia coal project’s mine life, lowers costs

By: Esmarie Swanepoel An updated feasibility study into the Amaam coking coal project, in Russia, has nearly doubled the project’s mine life while reducing capital and operating costs. Owner Tigers Realm Coal on Friday told shareholders that the updated feasibility study incorporated a 33% reduction in stripping... 

Petmin’s Q3 anthracite production down 22% y/y

Metallurgical anthracite production at JSE-listed Petmin’s Somkhele mine, in KwaZulu-Natal, decreased by 22% year-on-year to 261 739 t in the quarter ended March 31. Production had been affected by geological conditions in the Luhlanga openpit – one of the three openpits being mined. 

CoAL again extends Universal offer date

Triple-listed Coal of Africa Limited (CoAL) has again extended the closing date for its proposed buyout of ASX-listed Universal Coal to May 20. CoAL in November launched a $91-million offer to buy Universal. 

Maputo seeks capital gains taxes from mining majors

By: Keith Campbell Mozambique’s Tax Authority has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with whom the Tax Authority is currently having such... 

US coal production rises 8% in a week

By: Henry Lazenby US coal output climbed 8.2% in the week ended April 16 to about 11.1-million short tons, the latest data from the US Energy Information Administration (EIA) showed Thursday. However, despite the short-term bump, production was down 35% year-over-year, when the country’s total output stood at... 

US coal production rises 8% in a week
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