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Anglo Pacific optimistic about higher 2016 royalty income

By: Creamer Media Reporter      Updated 3 hours ago LSE- and TSX-listed Anglo Pacific expects its royalty income for the full 2016 financial year to be significantly higher than the £8.7-million earned in 2015. The company noted in a trading update on Wednesday that royalty income for the first quarter of the year, ended March 31, was... 

India to merge underground coal mines to deploy longwall mining methods

By: Ajoy K Das     Updated 3 hours ago To facilitate the induction of modern mining technology and equipment, India’s Coal Ministry is looking at merging underground mines in the same geographies and moving away from a trend of converting underground mines to opencast ones. An official in Coal India Limited’s (CIL’s) technical... 

India to merge underground coal mines to deploy longwall mining methods

Prairie to apply for mining concession in H1 2017

By: Mariaan Webb     Updated 4 hours ago ASX-listed Prairie Mining said on Wednesday that it had made substantial progress in various permitting aspects of its Lublin coal project, in Poland, which would pave the way for a mining concession application in the first half of 2017. In Poland, companies had to submit a deposit development... 

RBCT CEO to stand down

By: Martin Creamer     24th May 2016 Richards Bay Coal Terminal (RBCT) CEO Nosipho Siwisa-Damasane will be stepping down after four years at the helm. RBCT said on Tuesday that GM finance Alan Waller would be taking over as CEO from July 1, when GM strategy and compliance Casper Mbuyazi would assume the finance role. 

RBCT CEO to stand down
RBCT CEO Nosipho Siwisa-Damasane

New highly profitable acid mine water solution unveiled 

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Photo by Duane Daws
Trailblazer director John Bewsey (right) and Martin Creamer

APC’s Dartbrook mine has coal resource estimate of 1.2bn tonnes

By: Samantha Herbst     24th May 2016 ASX-listed junior Australia Pacific Coal (APC) has identified a total coal resource estimate of 1.2-billion tonnes at its New South Wales-based Dartbrook coal mine, confirming the newly acquired mine as one of the largest underdeveloped coal operations in the Hunter Valley. After last week’s move... 

APC’s Dartbrook mine has coal resource estimate of 1.2bn tonnes

Proposal to extend ‘water trigger’ to shale, tight gas unnecessary, says Appea

By: Samantha Herbst     24th May 2016 Australia’s Labor government on Tuesday moved to extend the contentious ‘water trigger’ legislation to shale and tight gas projects. Introduced in 2013, the water trigger legislation was an amendment to the Environmental Protection and Biodiversity Conservation Act, which sought to protect water... 

Proposal to extend ‘water trigger’ to shale, tight gas unnecessary, says Appea

Paringa finalises plans to develop Buck Creek No 2 mine ahead of No 1

By: Samantha Herbst     23rd May 2016 Coal developer Paringa Resources has successfully amended its coal sales contract with Louisville Gas & Electric and Kentucky Utilities (LG&E and KU), following its recent change in strategy to develop the Buck Creek No 2 mine ahead of the Buck Creek No 1 mine’s proposed 2.8-million-ton-a-year... 

CIL implements new pricing strategy, slashes e-auction reserve price

By: Ajoy K Das     23rd May 2016 Reacting to oversupply pressures and rising stockpiles, Coal India Limited (CIL) has taken the first step to adjust the price of coal and meet the volume demand of consumers. In a significant change in pricing strategy, Western Coalfields Limited (WCL), a wholly owned subsidiary of CIL, has... 

Mining licence fees now SMS-enabled in forward-striding Tanzania

By: Martin Creamer     20th May 2016 The Tanzanian online mining cadastre system now allows licence holders to request the total licence fees they owe via short message service (SMS). The addition of SMS extends the range of payment functionality that the Ministry of Energy and Minerals offers to its customers, the FlexiCadastre... 

Mining licence fees now SMS-enabled in forward-striding Tanzania
Tanzanian president John Magufuli

Australia to get low emissions technology roadmap

By: Creamer Media Reporter      20th May 2016 Australia would develop a Low Emissions Technology Roadmap to highlight growth areas for clean technology, map the development of new emissions reductions technologies and identify opportunities to be part of future global energy supply chains, the coalition government announced on Friday.... 

Enviro assessments for Delmas colliery pollution control dams project under way

By: David Oliveira     20th May 2016 Specialist assessments required for the draft environmental impact report (DEIR) for the proposed extension and remediation of the discard dump and two pollution control dams at the North Shaft section of local coal mining and beneficiation company Kuyasa Mining’s Delmas coal mine is currently... 

Mitsui looking to close deal to acquire stakes in Vale’s Moz operations by next March

By: Keith Campbell     20th May 2016 Japanese general trading company Mitsui & Co, part of the Mitsui group, has stated that it plans to close its deal with Brazilian mining and logistics group Vale to acquire stakes in the latter’s Mozambican operations by March next year. In December 2014, Mitsui & Co agreed to buy 15% of Vale... 

Too costly to shut: Mine sales stumble on looming clean-ups

By: Reuters     19th May 2016 Major miners are trying to avoid hundreds of millions of dollars in closure costs by selling off pits, as cash is tight due to a prolonged commodities price slump, but the crippling cost of environmental rehabilitation makes it tough to seal deals. Where mine sales have gone ahead, production is... 

Too costly to shut: Mine sales stumble on looming clean-ups
BHP Billiton held on to its loss-making Nickel West operation after failing to find a buyer. The business is estimated to have $1-billion in closure liabilities.

Upbeat Corsa Coal narrows Q1 net loss as prices rise

By: Henry Lazenby     19th May 2016 US coal producer Corsa Coal has narrowed its first-quarter net loss to $8.29-million, up from a loss of $25.62-million in the comparable quarter ended March 31 a year earlier, despite falling sales and revenues. The company believed that January marked a 12-year bottom for metallurgical coal... 

China sets aside $4bn to finance steel, coal capacity cuts

By: Reuters     19th May 2016 The Chinese central government will earmark 27.64-billion yuan ($4.23-billion) to help local governments pay for capacity closures in the steel and coal sectors this year, the Finance Ministry said on Thursday. The industrial enterprise restructuring funds will come in two parts, with the first... 

Pacific American raises funding for Elko project by selling GCI interest

By: Mariaan Webb     19th May 2016 Australia-listed junior Pacific American Coal has announced the sale of its equity interest in GCI, the owner of the P8N operating mine in the US, to provide funding for its coking coal project, in Canada. Pan American would receive A$1-million for its 30% stake in the US company, recovering its... 

Pacific American raises funding for Elko project by selling GCI interest

Wescoal expects higher FY earnings

     18th May 2016 JSE-listed Wescoal expects to report a 67% to 87% increase in headline earnings per share (HEPS) to between 25.7c and 28.8c for the year ended March 31. The company had reported HEPS of 15.4c in the previous financial year. 

Minister launches long-term acid mine water solution 

By: Martin Creamer     18th May 2016 Water Minister Nomvula Mokonyane on Wednesday launched a long-term project to turn acid mine drainage (AMD) into safe water for commercial use as either industrial or potable water. The Minister chose the old south-west vertical shaft area of the dormant East Rand Proprietary Mines (ERPM) to... 

Minister launches long-term acid mine water solution
Photo by Duane Daws
Water Minister Nomvula Mokonyane

Earthworks under way at Rukwa’s Mkomolo deposit

By: Anine Kilian     18th May 2016 Earthworks have started at the Mkomolo deposit at Aim-listed Edenville Energy’s Rukwa coal to power project in southwest Tanzania. Earthmoving equipment arrived on site in late April. The rebuilding of river crossings close to the Mkomolo deposit had been the first tasks to be completed, after... 

APC to acquire 100% interest in Dartbrook JV

By: Samantha Herbst     18th May 2016 After acquiring an 83.33% stake in the New South Wales-based Dartbrook joint venture (JV) in December last year from diversified miner Anglo American, and in April securing A$5-million in funding from cornerstone investor Trepang Services for the remaining 16.67% interest from Marubeni Coal,... 

Stanmore Coal reopens Isaac Plains mine

By: Samantha Herbst     18th May 2016 Defying the current downturn in the global coal sector, ASX-listed junior coal miner Stanmore Coal became Australia’s newest coking coal producer on Wednesday, after Queensland Premier Annastacia Palaszczuk officiated the reopening of the Isaac Plains mine, in the Bowen basin. Stanmore restarted... 

Australia miners ‘missing in action’ in Colombia

By: Samantha Herbst     18th May 2016 Australia’s resource houses are “missing in action” in Colombia, Latin America’s third-largest economic powerhouse, and need to move quickly to increase their engagement with the mineral-rich State, said Colombian Mining Association president Santiago Angel Urdinola. Addressing the Paydirt 2016... 

NUM rejects Eskom’s 5% wage offer

By: African News Agency      18th May 2016 The National Union of Mineworkers (NUM) on Wednesday said it had rejected “with disgust a lousy offer” by power utility Eskom of 5% In an statement NUM said: “This horrible increase will drive thousands of Eskom employees into poverty taking into account the continued rise of Consumer Price Index”. 

NUM rejects Eskom’s 5% wage offer

Eskom taken to task for its pricing structure 

By: Kim Cloete     18th May 2016 Independent energy adviser Ted Blom has lambasted Eskom for its pricing structure, saying it does not work to have cost-reflective prices in a monopoly. He told delegates at the African Utility Week that using the pricing system to justify very sharp price increases was hurting the South African... 

Eskom taken to task for its pricing structure

India defers coal block allocations

By: Ajoy K Das     18th May 2016 The Indian government has indefinitely deferred the allocation of coal blocks for commercial, noncaptive coal mining. The government did not provide reasons for deferring the allocation and did not announce a new timeframe, barring a statement that a new schedule would be “informed shortly”. 

Court approves $800m DIP financing for Peabody

By: Henry Lazenby     18th May 2016 US metallurgical and thermal coal producer Peabody Energy has received final approval from the US Bankruptcy Court of the Eastern District of Missouri for its $800-million debtor-in-possession (DIP) financing facility, the company announced on Tuesday.  The approval provided Peabody with access... 

Alpha reels in more than expected as Vantage wins $339.5m bid for coal, oil assets

By: Henry Lazenby     18th May 2016 US coal producer Alpha Natural Resources on Tuesday announced that Vantage Energy Appalachia II was the successful bidder for certain oil and natural gas assets known as the PLR assets, in south-west Pennsylvania, as its winning cash bid of $339.5-million far exceeded the previous ‘stalking... 

Lorimer decries mining’s production crash, job losses

By: Martin Creamer     17th May 2016 Mineral Resources Shadow Minister James Lorimer MP on Tuesday decried the sharply reduced output of South Africa’s once-colossal mining industry and warned that mining's “jobs bloodbath” had only just begun. State statistics compiler StatsSA reported earlier this month that South Africa’s... 

Lorimer decries mining’s production crash, job losses
Shadow Minerals Minister James Lorimer

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report

Govt push can make South African mining fly again – Harwood 

By: Martin Creamer     17th May 2016 South Africa has the potential to be a mining giant again especially if it receives the kind of push that Tanzania is now receiving under its new president. Speaking to Creamer Media’s Mining Weekly Online in a video interview on Tuesday after a recent visit to the East African country, Montero... 

Govt push can make South African mining fly again – Harwood
Photo by Duane Daws
Montero CEO Tony Harwood (right) with Martin Creamer

Cokal could get partner at BBM

By: Esmarie Swanepoel     16th May 2016 ASX-listed coal developer Cokal has signed a memorandum of understanding (MoU), which could see the development of its Bumi Barito Mineral (BBM) coal project, in Indonesia. The MoU would enable Indonesian project house Blackspace to undertake discussions and due diligence on the BBM project for... 

India’s NTPC takes coal import holiday

By: Ajoy K Das     16th May 2016 Breaking with import dependency over the last decade, India’s largest thermal power producer, NTPC Limited, has decided to take a coal import holiday during the current financial year in response to higher domestic availability and expected production from captive mines. Having received... 

Environmental impact report on KiPower power lines released for public comment

By: Samantha Herbst     13th May 2016 A draft environmental impact report (EIR) for the proposed construction of two loop-in- loop-out 400 kV power lines to connect the recently approved KiPower independent power producer (IPP) power plant to the Eskom grid was released on Friday for public comment by engineering and environmental... 

Environmental impact report on KiPower power lines released for public comment

Saudi group keen to expand South African solar footprint well beyond Bokpoort  

By: Terence Creamer     13th May 2016 Located on a dead flat piece of land about an hour-and-a-half’s drive from Upington and close to the Orange river, the curved solar collector mirrors, gleaming pipes and large molten-salt tanks of the 50 MW Bokpoort concentrated solar power (CSP) plant stand in stark industrial contrast to the... 

Saudi group keen to expand South African solar footprint well beyond Bokpoort
Photo by Duane Daws
The 50 MW Bokpoort CSP plant

Queensland reports another case of black lung

By: Esmarie Swanepoel     13th May 2016 The Queensland government has reported another case of coal worker’s pneumoconiosis, bringing the total number of affected workers in the state to seven. Natural Resources and Mines Minister Anthony Lynham told Parliament this week that a 55-year-old underground miner from central Queensland had... 

Coal sector to continue to be significant source of employment, says Anglo American Coal SA head

By: Dylan Slater     13th May 2016 The coal mining industry of South Africa had the potential to guarantee jobs for South Africa’s young generation, owing to the resource being essential to baseload electricity generation and, subsequently, industrial development.  

Coal sector to continue to be significant source of employment, says Anglo American Coal SA head
THEMBA MKHWANAZI Owing to the long life of coal-fired power stations and coal’s affordability, it will play a key role in the future
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