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Coal News

Buffalo Coal production slides as tough conditions continue

By: Megan van Wyngaardt     26th August 2016 Total run-of-mine production at JSE-listed Buffalo Coal’s operations fell 20.4% year-on-year, to 416 000 t, in the second quarter ended June 30, owing to difficult mining conditions and pitroom constraints at its Magdalena project. The mine saw a 27.9% decrease in Magdalena underground... 

Indo-Russia Summit expected to fast-track mining, hydrocarbon collaboration projects

By: Ajoy K Das     26th August 2016 The forthcoming yearly Indo-Russia Summit, in October, is expected to lay down the framework for scaling up bilateral engagements in the mining, energy and hydrocarbon sectors, wherein mega marquee investments have already been put on the anvil. While the bilateral agreements up for discussion... 

Vale says crown-jewel deal unlikely this year

By: Bloomberg     26th August 2016 Vale SA, the top iron-ore miner, is poised to complete coal and fertilizer sales this year, while a deal involving its most prized assets probably will take longer, according to its investor relations chief. The Rio de Janeiro-based company, which is grappling to reduce one of the industry’s... 

AMD technology a hot topic in South Africa

By: Robyn Wilkinson     26th August 2016 Finnish specialist in hydrometallurgical treatment technology Global EcoProcess Services Oy (EPSE) launched a treatment for acid mine drainage (AMD) in South Africa in July, which it claims is a cost-effective, one-step process that can integrate with the existing technology and equipment used by... 

AMD technology a hot topic in South Africa
Photo by Duane Daws
ENVIRONMENTAL IMPACT Acid mine drainage, which has a high sodium content, has a negative effect on agricultural land when it is discharged into rivers that are used for irrigation

SA urged to grasp opportunities afforded by platinum and gold resurgence, rising coal exports

By: Dylan Slater     26th August 2016 According to consulting engineers and scientists SRK Consulting South Africa, the fact there are signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities it missed in the last... 

SA urged to grasp opportunities afforded by platinum and gold resurgence, rising coal exports
MARCIN WERTZ Strong leadership is vital to ensure the next mining upturn can be capitalised upon

Solution provider servicing Holden mine clean-up

     26th August 2016 Modular building solutions provider Vesta Housing Solutions has been awarded a contract for British-Australian multinational mining corporation Rio Tinto’s Holden Mine Cleanup project. The facility provided by Vesta, in partnership with food and support services provider ESS Support Services... 

Surface miners to take over mining landscape in South Africa

By: Robyn Wilkinson     26th August 2016 Mining solutions provider Wirtgen South Africa (SA) is engaged in extensive talks with various mining companies about solutions for their greenfield and existing mines. Surface miners are set to change the opencast mining industry in South Africa, as they have done worldwide, by addressing the... 

Surface miners to take over mining landscape in South Africa
MODERNISING OPENCAST MINING Wirtgen surface miners offer an alternative mining approach that will benefit the South African coal mining industry

Trollope Mining Services

By: Creamer Media Reporter      26th August 2016 Trollope Mining Services (TMS) intends to diversify into other mineral sectors and grow the geographical footprint into Africa. The company currently operates in the coal, platinum, andalusite, chrome and gold sectors. 

Trollope Mining Services

Anglo Pacific reports strong interim results as royalty income rises

By: Henry Lazenby     25th August 2016 Royalty streaming firm Anglo Pacific Group has reported strong results for the first half of 2016, more than doubling free cash flow and narrowing its net loss, which was helped by a weaker pound and higher royalty income. For the interim period ended June 30, the London, UK-based firm reported a... 

Release coal docs at your own peril, Guptas warn Treasury

By: News24Wire      25th August 2016 Four days before the Guptas’ business chiefs ambushed Finance Minister Pravin Gordhan on a radio station, their company Tegeta threatened Treasury over a report into coal contracts with Eskom. The threat occurred when Democratic Alliance MP David Maynier submitted a request under the Promotion of... 

South32’s local coal expansion projects progressing to feasibility stage

By: Samantha Herbst     25th August 2016 While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy Coal operation, noting that both proposed expansion projects are progressing well into the... 

South32’s local coal expansion projects progressing to feasibility stage
South32 COO Africa Mike Fraser

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

South32 to pay inaugural dividend despite significant revenue drop
Photo by Bloomberg
South32 CEO Graham Kerr

Strike at world’s biggest coal miner seen blunted by Indian glut

By: Bloomberg     25th August 2016 India’s ample coal stockpiles may blunt the power of unions planning a strike at Coal India, the world’s biggest miner of the fuel. Labor groups including All India Coal Workers’ Federation are demanding the company start early wage talks and begin recruiting to fill vacancies, as well as calling... 

Kibo, Sepco ink new contractual deal on Mbeya

By: Natasha Odendaal     25th August 2016 AltX- and Aim-listed Kibo Mining has signed a new, redefined agreement with China-based contractor Sepco III, which can now earn the right to become the sole bidder for the engineering, procurement and construction (EPC) contract to build the power plant component of Kibo’s Mbeya coal-to-power... 

Exxaro’s sale of Inyanda given green light

By: Natasha Odendaal     24th August 2016 The Competition Commission on Wednesday gave an unconditional green light for the buyout of diversified miner Exxaro Coal’s Inyanda colliery business, in Mpumalanga, by joint venture (JV) partners Lurco Group and Burgh Group. The JV, Inyanda Mining Holdings, also titled Main Street, will take... 

Tightening supply should bode well for commodity prices – Glencore

By: Martin Creamer     24th August 2016 Diversified mining and marketing company Glencore, now with a significantly reduced debt profile, is producing its key commodities at exceptionally low operational cost, exemplified by the unit cost of the zinc it produced in the six months to June 30 coming in at the negative unit cost figure of... 

Tightening supply should bode well for commodity prices – Glencore
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Edenville appoints new chair

By: Creamer Media Reporter      24th August 2016 Aim-listed Edenville Energy, which is developing the Rukwa coal-to-power project, in Tanzania, has appointed Dr Jeff Malaihollo nonexecutive chairperson, effective September 1. He succeeds former chairperson Sally Schofield who resigned in April, citing personal reasons. 

Universal reiterates Sept production start date for NCC

By: Creamer Media Reporter      23rd August 2016 ASX-listed Universal Coal’s New Clydesdale Colliery (NCC), in South Africa’s Mpumalanga province, remains on schedule for the production of first coal in September. Coal mining contractor STA Coal Mining Company has been appointed to conduct the underground mining and has begun to re-establish... 

Illinois granted ‘superpriority’ claims to Peabody’s self-bonding obligations 

By: Henry Lazenby     23rd August 2016 The US state of Illinois has reached a ‘superpriority’ settlement agreement with major coal producer Peabody Energy relating to the company’s self-bonding obligations in the state. This is the fourth superpriority settlement agreement, following agreements with Wyoming, New Mexico and Indiana... 

Sasol’s Shondoni mine nearing completion

By: Megan van Wyngaardt     22nd August 2016 Construction of energy and chemical company Sasol’s R15.3-billion Shondoni mine, near Secunda, is approaching completion, with operations at three coal production sections expected to start this month through the new incline conveyor. The mine, which is set to replace the ageing Middelbult mine,... 

South Africa won’t change IPP course ‘midstream’ 

By: Terence Creamer     22nd August 2016 Cabinet appears to have put paid to Eskom efforts to halt the country’s highly regarded independent power producer (IPP) programme, with Minister in The Presidency for Performance Monitoring and Evaluation Jeff Radebe indicating on Monday that there was no intention to “change course midstream”.... 

South Africa won’t change IPP course ‘midstream’
Minister in The Presidency for Performance Monitoring and Evaluation Jeff Radebe on South Africa's commitment to the IPP programme. Camera Work & Editing: Nicholas Boyd. Recorded: 22.8.2016

India readies policy for disposal of washery rejects, surplus coal production

By: Ajoy K Das     22nd August 2016 India’s Coal Ministry is ready to unveil a comprehensive policy on the disposal of washery rejects, middlings and coal surplus by private miners in a bid to streamline the process of attracting private sector investment in adding value to the dry fuel. The Coal Ministry will convene a... 

Wind, solar can supply bulk of South Africa’s power at least cost, CSIR model shows 

By: Terence Creamer     22nd August 2016 The dramatic fall in the cost of supplying power from wind and solar photovoltaic (PV) plants has moved the global electricity supply industry beyond a critical “tipping point”, which leading energy scientist Dr Tobias Bischof-Niemz says is irreversibly altering the operating model, with... 

Wind, solar can supply bulk of South Africa’s power at least cost, CSIR model shows
Photo by Duane Daws
Dr Tobias Bischof-Niemz

Adani overcomes another legal challenge to Galilee basin coal mine

By: Megan van Wyngaardt     19th August 2016 Proceedings brought against Indian group Adani’s 11-billion-ton Carmichael coal mine project, by a member of the Wangan and Jagalingou people, earlier this year, have been dismissed by the Federal Court. The group argued that a determination made in April 2015 by the National Native Title... 

Adani overcomes another legal challenge to Galilee basin coal mine

Mozambique's coal mines shed 4 000 jobs as coal price drops – State news agency

By: Reuters     19th August 2016 Nearly 4 000 coal miners have lost their jobs in Mozambique's Tete province over the past year as mining firms such as Brazil's Vale cut back due to lower prices, the African nation's state news agency said on Thursday. Vale, which operates an open cast coal mine in the northwestern part of one... 

A commodities rebound is accelerating right on China’s doorstep

By: Bloomberg     19th August 2016 China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building – emerging economies in Southeast Asia. Combined gross domestic product in the ASEAN-5 nations – Indonesia, Thailand, Malaysia, the Philippines and Vietnam –... 

A commodities rebound is accelerating right on China’s doorstep
BHP Billiton CEO Andrew Mackenzie

Company looks to strengthen position

By: Nadine James     19th August 2016 Despite the current depressed commodities market, Certified Reference Materials (CRMs) producer African Mineral Standards (AMIS) has had a successful year and intends to continue to strengthen its position as a market leader in order to maximise its growth once the market improves. As part of its... 

Company looks to  strengthen position
SIGNIFICANT STOCK AMIS stocks a wide range of certified reference material which are sourced from naturally occurring raw materials worldwide

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Decline in ore grades grows interest in geometallurgy

By: Nadine James     19th August 2016 The concept of geometallurgy is being researched by State-owned mineral research council Mintek’s Mineralogy division, owing to the global mining industry’s challenge of confronting declining grades and low-grade orebodies. The current lack of exploration, in addition to the finite number of... 

Decline in ore grades grows interest in geometallurgy
NOSIPHIWO NYAMANE Geometallurgical modelling absorbs a wider range of specialists, increasing opportunities for geologists and consulting companies

No mining sector without geology

     19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Exxaro eyes more renewables

By: Natasha Odendaal     18th August 2016 Following the success of its entry into renewable energy through a 50% wind farm joint venture (JV) with Tata Power, diversified miner Exxaro Resources is exploring further opportunities in clean energy. Independent power producer (IPP) Cennergi had marked its first income generation following... 

Exxaro eyes more renewables
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

Tsitsikamma wind farm reaches commercial operation

By: Megan van Wyngaardt     18th August 2016 The 95 MW Tsitsikamma Community wind farm project, in the Eastern Cape, this week started commercial operation, marking the second wind farm by independent power producer Cennergi to achieve the milestone this year. Cennergi, a 50:50 joint venture between coal miner Exxaro Resources and India’s... 

Aspire starts feasibility study for Mongolia rail project

By: Mariaan Webb     18th August 2016 Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has started the first stage of the rail feasibility study for the Erdenet to Ovoot railway, which is critical to the development of the Ovoot coking coal project. The railway forms part of the new Northern Rail... 

Whitehaven posts profit in strong turnaround

By: Mariaan Webb     18th August 2016 Australian coal miner Whitehaven is positive about the medium- and long-term outlook for coal, particularly high-quality coal, MD and CEO Paul Flynn said on Thursday, as he reported on the company’s 2016 financial year-end results. The ASX-listed coal miner, which owns mines in New South Wales’... 

Whitehaven posts profit in strong turnaround
Whitehaven MD and CEO Paul Flynn

After years of pain, coal becomes one of the hottest commodities of 2016

By: Reuters     18th August 2016 Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Cargo prices for Australian thermal coal from its Newcastle terminal, seen as the Asian... 

After years of pain, coal becomes one of the hottest commodities of 2016

Kibo signs on Norton Rose to assist with Mbeya PPA

By: Megan van Wyngaardt     17th August 2016 Dual-listed Kibo Mining has rallied law firm Norton Rose Fulbright to assist with the preparation and negotiation of commercial arrangements and agreements pertaining to a power purchase agreement (PPA) with the Tanzanian government and power distribution company Tanesco for the Mbeya... 

Wescoal’s shares rise on signing of long-term Elandspruit supply agreement

By: Creamer Media Reporter      17th August 2016 JSE-listed Wescoal’s shares rose 17% on Wednesday after the company announced that it had signed a long-term coal supply agreement (CSA) with Eskom for the Elandspruit colliery. “This brings to fruition a major project for the Wescoal team. This long-term position significantly de-risks future... 

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