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Energy adviser slams Eskom

By: Kim Cloete South African mining and energy adviser Ted Blom has raised a litany of concerns about the state of power utility Eskom and has warned of runaway costs and shortfalls in coal and water, as well as rail capacity. Blom was surprised by the recent buoyancy shown by Eskom acting CEO Brian Molefe, who... 

Weak commodity outlook puts revenue diversification at top of Gama’s Transnet agenda

By: Terence Creamer Acting Transnet CEO Siyabonga Gama, who was appointed to the position following the surprise secondment of Brian Molefe to Eskom, has placed revenue diversification at the top of his list of immediate priorities, with the weak commodity outlook seen as having the potential to undermine the... 

 Weak commodity outlook puts revenue diversification at top of Gama’s Transnet agenda
Photo by Duane Daws
Acting Transnet CEO Siyabonga Gama

Arch Coal announces board of directors succession plan

By: Henry Lazenby NYSE-listed Arch Coal on Thursday announced several changes to its board, in keeping with its planned succession process. President and CEO John Eaves had been elected chairperson and CEO effective immediately, succeeding Wesley Taylor, who would remain on the Arch board. 

Peabody's weak forecast eclipses cost-cutting plan

By: Reuters Coal miner Peabody Energy's forecast of a bigger-than-expected loss for the current quarter overshadowed the company's latest plan to cut costs, sending its shares to a near 13-year low. The company, which also reported a bigger-than-expected first-quarter loss, said on Thursday it plans to sell... 

Director, employees on trial over 2014 Turkey colliery fire that killed 301

By: Ilan Solomons The start last week of the trial relating to the biggest recorded mine disaster in Turkey, is the first step towards justice for the victims; but enabling full accountability for the disaster will require an investigation into the State’s failure to protect workers’ right to life, says... 

Director, employees on trial over  2014 Turkey colliery fire that killed 301
Photo by Reuters
SOMA MINE DISASTER On May 13, 2014, a fire at Soma mine resulted in the deaths of 301 miners from carbon monoxide poisoning and injured about 162 others

Indians losing tens of millions of dollars from Mozambican mine

By: Keith Campbell The Benga coal mine in the Tete province of Mozambique, 65%-owned by Indian State-owned company International Coal Ventures Limited (ICVL) and 35%-owned by Indian private-sector group Tata Steel, is effectively losing $7.5-million a month. This has been revealed by the Indian newspaper Financial... 

Resgen continues finance talks for coal mine

By: Megan van Wyngaardt JSE-listed coal miner Resource Generation (Resgen) on Thursday said it was continuing conversations with a club of potential financiers to provide project finance for the construction of its Boikarabelo mine, in the Waterberg region. The club included two local senior lending banks, two... 

Anglo American sees solid Q1

By: Megan van Wyngaardt Global miner Anglo American on Thursday reported that its first quarter for the year delivered a solid production performance, in line with expectations. Although its South African iron-ore mines were facing some challenges, compounded by a weak iron-price, the company reported a 71%... 

Anglo American sees solid Q1

CoAL to gain momentum in 2015

By: Megan van Wyngaardt With dual-listed Coal of Africa Limited (CoAL) expecting the mining right for its Makhado project to be granted during the first half of this year, the company’s year ahead has been bolstered, with the amended and updated environmental authorisation being approved for its Vele colliery, in... 

Australia's Newcastle coal port to reopen after storm

By: Reuters Australia's Newcastle port, the world's biggest marine coal export terminal, said it would reopen later on Thursday after shutting earlier this week due to a heavy storm. Australia's biggest coal companies, including BHP Billiton Ltd , Glencore Plc, Rio Tinto , Peabody Energy Corp and China's... 

Vale reports record Q1 iron-ore output despite price rout

By: Henry Lazenby Brazil-based global miner Vale has reported record first-quarter iron-ore output despite a global supply glut that wis being compounded by waning demand from China, the world’s top importer of the steelmaking ingredient. For the three months ended March 31, total iron-ore output, excluding... 

Vale reports record Q1 iron-ore output despite price rout

Molefe signals plans for getting tough with non-paying Eskom customers 

By: Kim Cloete Acting Eskom CEO Brian Molefe has suggested that all companies and households should be transitioned across to prepaid electricity systems, adding that he will propose that those municipalities not paying Eskom be bypassed. “The whole of South Africa should move to prepaid electricity. Even... 

Molefe signals plans for getting tough with non-paying Eskom customers
Photo by Duane Daws
Acting Eskom CEO Brian Molefe

Australian coal prices jump 10% as storm halts shipments

By: Reuters Australian coal cargo prices soared 10% this week after a huge storm hit the country's east coast, forcing the Newcastle export terminal to stop all ship movements, while meteorologists have warned that another storm was gathering off the coast. The cyclonic storm, which is lashing Australia's... 

Indian government approves SPVs for rail investments

By: Ajoy K Das Over the next few weeks the Indian government is expected to float a series of special purpose vehicles (SPVs) to invest $12-billion in the construction of rail linkages and coal evacuation infrastructure across three provinces. The government has approved the creation of one SPV across each of... 

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Arch Coal narrows Q1 loss yet disappoints analysts, cuts output outlook

By: Henry Lazenby Despite missing analyst earnings expectations, US miner Arch Coal has narrowed its first-quarter loss and cut its full-year output outlook as a result of weakening coal prices. Net earnings narrowed to $113.2-million, or $0.53 a share, in the quarter ended March 31, down from a loss of... 

Teck Resources misses Q1 analyst earnings forecasts, slashes dividend by two thirds

By: Henry Lazenby Canada’s largest diversified miner Teck Resources has cut its twice-yearly dividend by two-thirds as lower commodity prices and weakening Chinese metallurgical coal demand weighed on the Vancouver-based company’s first-quarter results. Teck on Tuesday announced an eligible dividend of $0.15 a... 

Teck Resources misses Q1 analyst earnings forecasts, slashes dividend by two thirds

Eskom’s two-pronged savings model targets large-scale projects, mass efficient-bulbs roll-out 

By: Terence Creamer State-owned electricity utility Eskom has overhauled its approach to demand-side management (DSM), narrowing its focus to two main areas: a small number of large-scale industrial projects; and the mass deployment of energy-efficient light bulbs. The utility halted its DSM expenditure in 2014/15,... 

Eskom’s two-pronged savings model targets large-scale projects, mass efficient-bulbs roll-out

New dust buster initiative sounds potential death knell for silicosis scourge

By: Martin Creamer A spectacular new dust control system announced at a Chamber of Mines (CoM) of South Africa conference on Monday is described as the closest the industry has come to a silver bullet to put an end to the curse of silicosis and other lung diseases that have plagued the South African mining industry... 

New dust buster initiative sounds potential death knell for silicosis scourge
Photo by Duane Daws
Terence Goodlace

Universal announces improved Q3 local, export sales figures

By: Ilan Solomons Coal miner Universal Coal increased its domestic sales for the third quarter, ended March 31, by 24% to 432 251 t, compared with the 348 476 t sold in the quarter ended December 2014. Export sales also increased by 68% quarter-on-quarter to 29 761 t from 17 728 t in the previous quarter. 

Universal announces improved Q3 local, export sales figures

Kibo inks Rukwa development deal with Chinese firm

By: Natasha Odendaal Aim- and AltX-listed Kibo Mining has signed a new deal with a Chinese firm to jointly develop its Rukwa coal-to-power project (RCPP) in Tanzania. The Joint Development Agreement (JDA) with China-headquartered engineering, procurement and construction (EPC) group Sepco III would see the project... 

Creamer Media publishes African Mining Projects in Progress 2015 report

Creamer Media’s African Mining Projects in Progress 2015 report tracks developments taking place in Africa’s mining sector and across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium. 

Creamer Media publishes African Mining Projects in Progress 2015 report

Alpha to submit plan to cure NYSE listing deficiency

By: Henry Lazenby Alpha Natural Resources on Friday said it planned to notify the NYSE of its intent to cure the deficiency with regard to its share price and restore its compliance, and would submit a plan outlining the actions it intended to take to do so. The NYSE notified the US coal producer that its common... 

Maules Creek drives Whitehaven output

By: Esmarie Swanepoel The continuing ramp-up of the Maules Creek coal mine, in New South Wales, has assisted in coal miner Whitehaven Coal reporting a 160% increase in run-of-mine (ROM) production during the March quarter. The New South Wales-focused company on Friday announced that ROM production for the three... 

Mozambique plans more infrastructure to benefit coal miners and others

By: Keith Campbell The Mozambican government has confirmed its plan to construct a new port and railway for the export of coal from the Moatize coal basin in the inland Tete province. This was done by Prime Minister Carlos Agostinho do Rosario when he presented the government’s programme for the five years... 

Moody’s lowers iron-ore and met coal price forecasts, markets to remain under pressure to 2016

By: Henry Lazenby Moody’s Investors Service expected iron-ore and metallurgical (met) coal prices to remain under pressure through at least 2016, prompting it to lower its price expectations for both commodities. The firm fingered slower steel output growth in China and rampant oversupply, particularly in... 

Moody’s lowers iron-ore and met coal price forecasts, markets to remain under pressure to 2016

Walter Energy exercises 30-day grace period for debt interest payments

By: Henry Lazenby NYSE-listed metallurgical coal producer Walter Energy has exercised a 30-day grace period to make debt interest payments. Last year, Walter Energy idled its Canadian operations in the second quarter and, in January, the cash-strapped miner suspended its quarterly dividend on its common stock in... 

DoE prepares to take cogen, gas-to-power procurement steps

By: Terence Creamer A request for proposals (RFP) for cogeneration power projects will be released in April 2015, Energy Minister Tina Joemat-Pettersson has announced, adding that preferred bidders would be named during the third quarter of 2015. In line with Gazetted determinations, government would be seeking to... 

DoE prepares to take cogen, gas-to-power procurement steps

Chile eyes new environment rules to spur investment

By: Reuters Chile will move to make changes to its environmental regulations to reduce uncertainty and encourage investment, President Michelle Bachelet announced on Wednesday. Center-left Bachelet said she has appointed a commission to work over the next nine months to come up with a new environmental... 

Edenville refining mining licence application package

By: Natalie Greve Aim-listed Edenville Energy continues to refine its mining licence application package for the Tanzania-based Rukwa coal project following the release last month of its power plant feasibility study. Edenville outlined in a project update on Wednesday that it was finalising the compilation of... 

NuCoal loses Doyles Creek court bid

By: Esmarie Swanepoel ASX-listed Nucoal Resources went into a trading halt on Wednesday after the New South Wales High Court sided with the government in an argument over the Doyles Creek project. NuCoal in June of last year launched constitutional proceedings to have the New South Wales Mining Amendment Act declared... 

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