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Coal News

Kibo progresses Benga power plant development

By: Tasneem Bulbulia     22nd March 2019 Kibo Energy has noted progress with the development of its Benga power plant project, in Mozambique. A definitive feasibility study (DFS) has been completed ahead of schedule and the final review is in progress. 

Exxaro terminates Group 5 contracts

By: Tasneem Bulbulia     22nd March 2019 Exxaro has decided to terminate its agreement with Group Five Construction subsidiary, Group 5 Projects, with effect from March 21, following Group Five’s announcement that it has embarked on business rescue proceedings. Exxaro in April 2017 appointed Group 5 Projects to build a new small coal... 

CIL told to ensure Indian power stations have 20 days coal supply

By: Ajoy K Das     20th March 2019 To cope with peaking electricity demand during the summer months ahead, India’s Coal Ministry has directed State-run Coal India Limited (CIL) to ensure that each thermal power plant has assured stocks of 20 days on any given day. The Ministry has directed the coal miner to sustain the momentum of... 

Brics Bank to lend Eskom up to $780m 

By: Bloomberg     20th March 2019 The New Development Bank (NDB) plans to lend as much as $780-million to Eskom for infrastructure projects this year as the ailing power utility battles to keep power supply steady. Eskom, which on Wednesday entered a seventh day of controlled power cuts, is contending with operational and... 

Boiler-tube leaks playing big role in rise of unplanned losses to over 12 000 MW 

By: Terence Creamer     20th March 2019 State-owned electricity producer Eskom has confirmed that boiler-tube leaks are significant contributor to unplanned losses of more than 12 000 MW across its coal fleet. The underperformance of the coal fleet, including those units in commercial operation at the Medupi and Kusile projects, is... 

Boiler-tube leaks playing big role in rise of unplanned losses to over 12 000 MW
Photo by Dylan Slater
Eskom COO Jan Oberholzer

Coal and illegal mining make headlines this week  

20th March 2019 This week, Canyon offers Eskom cheaper coal, Wescoal to acquire 50% interest in Arnot and Mineral Resources Minister Gwede Mantashe goes after illegal mining syndicate leaders. Mining Weekly editor Martin Creamer unpacks the headlines. 

Coal and illegal mining make headlines this week
Coal and illegal mining make headlines this week

Anglo earmarks $162m for Australian coal mine rehabilitation

By: Esmarie Iannucci     20th March 2019 Diversified miner Anglo American on Wednesday announced that it would invest more than $162-million to rehabilitate its Australian mining operations over the next five years. The company’s Australian operations includes five metallurgical coal mines in Queensland, of which two are opencut and... 

Paringa gets debt funding for Poplar Grove

By: Esmarie Iannucci     20th March 2019 Coal developer Paringa Resources has secured a $56-million debt facility to refinance its existing debt facility and accelerate the expansion of the Poplar Grove mine, in Kentucky. The debt financing from Tribeca Global Resources Credit will be subject to the completion of a due diligence, the... 

NUM says Ramaphosa assured union no jobs would be lost in Eskom unbundling

By: Marleny Arnoldi     19th March 2019 The National Union of Mineworkers (NUM) on Tuesday confirmed that it had met with President Cyril Ramaphosa, Public Enterprises Minister Pravin Gordhan and Energy Minister Jeff Radebe this week. The union noted, however, that it still needed to consult with its members employed at Eskom, on the... 

Eskom to seek special procurement dispensation to help it address ‘crisis’ 

By: Terence Creamer     19th March 2019 Crisis-ridden power utility Eskom is approaching the Auditor-General and the National Treasury to seek approval for a special procurement dispensation that will allow it to accelerate the purchase of critical goods and services required to address ongoing breakdowns of its coal fleet. The... 

Eskom to seek special procurement dispensation to help it address ‘crisis’
Public Enterprises Minister Pravin Gordhan and Eskom chairperson Jabu Mabuza

Menar’s Canyon offers Eskom cheaper coal on open-book basis  

By: Martin Creamer     19th March 2019 Coal mining company Canyon Coal, a Menar group company, is prepared to offer coal to State-owned electricity utility Eskom at a cheaper price on an open-book basis from two new projects. The Menar group, which does not supply coal to Eskom at present, employs 3 500 people on a R7-billion asset... 

Menar’s Canyon offers Eskom cheaper coal on open-book basis
Menar MD and Canyon Coal executive chairperson Vuslat Bayoğlu talks to Mining Weekly Online’s Martin Creamer. Photos: Creamer Media’s Dylan Slater. Video: Nicholas Boyd

Bengalla continues to deliver for New Hope

By: Esmarie Iannucci     19th March 2019 Coal miner New Hope has reported a 21% jump in revenue for the half-year ended January, while profits jumped by 33% on the previous corresponding period. New Hope on Tuesday reported revenues of A$616.7-million first the first half of the year, while profits before tax was reported at... 

Rio Tinto must face SEC suit over Mozambique coal assets 

By: Bloomberg     19th March 2019 Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled. US authorities in October 2017 filed fraud charges against London-based Rio Tinto, former CEO Tom Albanese and former CFO Guy... 

Rio Tinto must face SEC suit over Mozambique coal assets
Photo by Creamer Media
Rio Tinto former CEO Tom Albanese

Allegiance's Tenas project proves up

By: Esmarie Iannucci     18th March 2019 A definitive feasibility study (DFS) into the Tenas coal project, in British Columbia, has found that the project could produce some 750 000 t/y of saleable coal. ASX-listed Allegiance Coal on Monday reported that the DFS estimated a 22-year mine for the project, extracting just 15% of the... 

The coal miner who bet everything on US power markets and lost

By: Bloomberg     18th March 2019 Eleven years ago, Cloud Peak Energy made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the US power sector. That gamble has now pushed it to the brink of bankruptcy. 

The coal miner who bet everything on US power markets and lost

Resgen secures additional working capital

By: Tasneem Bulbulia     15th March 2019 Resource Generation (Resgen) has reached a conditional agreement with Noble Group for the provision of $4.7-million in additional working capital for Resgen’s subsidiary Ledjadja Coal to meet its financial needs up to June 30. Resgen will continue to work to secure project funding. 

BRD arranges €46m loan to replace coal-fired plant in Bosnia

By: Reuters     15th March 2019 The European Bank for Reconstruction and Development (EBRD) has arranged a €46-million financing package to replace a highly polluting coal-fired plant in the central Bosnian town of Zenica, the bank said on Friday. The new combined gas-fired cogeneration plant, Toplana Zenica, will supply power... 

Equipment supplier offers wheel loaders to industry

By: Halima Frost     15th March 2019 Mining equipment supplier ELB Equipment recently added a larger-capacity bucket on the 90Z6 wheel loader to increase its offering to coal mining. The bucket is as reliable, but more productive, than its predecessor. The wheel loader’s larger Z6 is a 6 m3 coal bucket which allows for greater... 

Equipment supplier offers wheel loaders to industry
LARGER THAN LIFE Kawasaki wheel loaders are nw larger in capacity

Contractor building infrastructure at Belfast mine

15th March 2019 Construction contractor Concor Infrastructure has been awarded the job of building dams, roads, platforms and other civil works at diversified miner Exxaro’s new digital coal mine near Belfast, in Mpumalanga. Concor Infrastructure is constructing four major dams, 26 concrete platforms and... 

Contractor building  infrastructure at  Belfast mine
DAM BIG JOB Dams are lined in compliance with environmental regulations and best practice

Supply chain solutions offered to coal sector

15th March 2019 Supply chain solutions provider Makoya Group has celebrated a successful five-year relationship with heavy equipment supplier HPE Africa, the sole distributor of Hyundai construction equipment in South Africa, and has affirmed that the partnership has been integral in securing the company’s... 

Supply chain solutions offered to coal sector
TOP OF THE PILE Wheel loaders help maintain order in the stockpiles

Company readies itself to be key supplier

By: Halima Frost     15th March 2019 Germany-based coal cutting machinery and gearbox manufacturer and its subsidiary Eickhoff SA is strategically gearing up to comply with the black economic empowerment (BEE) and Mining Charter requirements in the local market. In January, Eickhoff SA finalised the transition from a Level 8 BEE... 

Company readies itself  to be key supplier
ON AND ON . . . The continuous miner delivered to Exxaro last year has shown good return on investment

Detection system lowers maintenance costs

By: Halima Frost     15th March 2019 The second installation of a custom-made sidewall detection system was completed by monitoring solutions provider Monitech at diversified miner Anglo American’s Zibulo coal colliery, in Mpumalanga, last month. The system was designed and installed to help prevent damage caused to the scrubber fan... 

Detection system lowers maintenance costs
COALFACE VALUE Keeping damages and costs down at the coalface is more achievable with the sidewall detection system

Coal will continue to be key resource for decades

15th March 2019 In its annual World Energy Outlook 2018, the International Energy Agency (IEA) forecasts that coal will remain the largest single source of electricity generation through to 2040, at 26% of global electricity.  Renewables will have a role to play as future energy sources for the country, region... 

World Coal Association response to Glencore announcement

15th March 2019 In response to diversified resource company Glencore’s coal capping announcement last month, the World Coal Association (WCA) maintains that coal is a vital energy and strategic resource. It says coal is essential to the world’s sustainable development and energy security objectives and plays an... 

Council sees potential in coal exports

15th March 2019 In its 2018 facts and figures pocketbook published last month, Minerals Council South Africa notes that South Africa has an annual coal export potential of 110-million tons compared with the 75-million tons currently being exported. This would not only increase investment by more than 10% to... 

Council sees potential  in coal exports
ROGER BAXTER A collaborative approach is needed to develop and implement solutions for the mining sector

Solutions provider supplies granulators for upcoming mine

By: Halima Frost     15th March 2019 Solutions provider TAKRAF Africa, part of the global TAKRAF group, supplied two coal granulators towards the end of 2018 for a project to be commissioned in October this year, as part of the coal handling and preparation plant for a new mine in Mpumalanga, South Africa. The 660-mm-diameter... 

Solutions provider  supplies granulators  for upcoming mine
BREAKING THE MOULD The Bradford Breaker is a cost effective impurity removal processing plant

Phase 1 of MC Mining’s Makhado project approved 

By: Simone Liedtke     14th March 2019 ASX-, Aim- and JSE-listed MC Mining’s directors have approved the phased development of the company’s flagship Makhado coking coal project, which will result in the start of mining operations on the west pit. Construction of Phase 1 is set to start in the third quarter of this year. 

'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo 

By: Nadine James     14th March 2019 Diversified miner Exarro Resources has facilitated a transaction that enables former employees of Exxaro Coal Mpumalanga (ECM) to participate in 50:50 joint venture that is set to acquire the assets and liabilities of the Arnot coal mine, in Mpumalanga. On February 22, Exxaro signed a transfer... 

'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo
Photo by Creamer Media
MXOLISI MGOJO

Eskom technical review team to deliver preliminary report in four weeks 

By: Terence Creamer     14th March 2019 The Eskom technical review team, appointed by the Public Enterprises Minister Pravin Gordhan and the Eskom board on March 4, will produce a preliminary report within four weeks, Cabinet said in a statement released on the same day, March 14, that Eskom resumed load-shedding. Cabinet said the team... 

Eskom technical review team to deliver preliminary report in four weeks

MC Mining achieves operational milestones in H1, narrows losses

By: Simone Liedtke     14th March 2019 Despite having experienced some challenges during the six months to December 31, 2018, ASX-, Aim- and JSE-listed MC Mining on Thursday reported a loss for the period of $3.6-million, compared with the $97.3-million loss reported for the six months to December 31, 2017. Revenue was $15.2-million,... 

Exxaro delivers record coal output, sales; ups total dividend  

By: Nadine James     14th March 2019 Empowered diversified miner Exxaro Resources achieved a robust financial performance for the year ended December 31, 2018. The company reported record coal production, sales and exports, while its revenue increased by 12% year-on-year to R25.5-billion. Its earnings before interest, taxes,... 

Exxaro delivers record coal output, sales; ups total dividend
Exxaro CEO Mxolisi Mgojo discusses the group’s full year results, digitalisation strategy and Arnot transaction. Camerawork and editing: Creamer Media's Darlene Creamer

Exxaro Resources FY earnings jump on higher coal prices

By: Reuters     14th March 2019 South African coal mining company Exxaro Resources, which is led by CEO Mxolisi Mgojo, said on Thursday its full-year earnings climbed 7%, boosted by higher coal prices and the absence of one-off transactions seen a year earlier. Core headline earnings per share (HEPS) rose to 2 159c or... 

Exxaro Resources FY earnings jump on higher coal prices
Photo by Creamer Media's Dylan Slater
Exxaro CEO Mxolisi Mgojo

'No tomorrow' for many unless consumption falls – UN

By: Reuters     13th March 2019 Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources –... 

When paying $1 for a coal power plant is still paying too much

By: Bloomberg     12th March 2019 One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much. Acme Equities, a New York-based holding company, is in talks to buy the 847-MW San Juan Generating Station for $1, after four of its five owners decided to shut it down. The... 

NUM to march on Luthuli House on March 30 to protest Eskom unbundling

By: Terence Creamer     12th March 2019 The National Union of Mineworkers (NUM) announced on Tuesday that it would march on the African National Congress’ (ANC's) Luthuli House head office, in Johannesburg, on March 30 to voice its opposition to the unbundling of Eskom. It would also use the protest action to call for the resignation... 

NUM to march on Luthuli House on March 30 to protest Eskom unbundling

Medupi, Kusile contracts were misguided, Mabuza says 

By: African News Agency      12th March 2019 The contracts to build Medupi and Kusile were badly structured, leading to corruption and making Eskom carry the cost of time overruns, Deputy President David Mabuza conceded in Parliament on Tuesday. "The contracting model did not achieve the objective of maximising local participation," Mabuza... 

Medupi, Kusile contracts were misguided, Mabuza says

India’s Coal Ministry cancels coal block auction

By: Ajoy K Das     11th March 2019 Barely a week after starting the process, India’s Coal Ministry has called off the auction of coal blocks. In a notification the Ministry said, “the sixth and seven tranche of coal block auction stands cancelled,” without stating any reasons. 

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