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Flooding in Colombia coal mine killed 12, officials say

By: Reuters     Updated 2 hours 13 minutes ago Twelve miners were killed in a flooded underground coal mine in northeastern Colombia, the world's fourth-largest exporter of the mineral, local officials and rescue workers said on Friday. Flooding in the mine, located in the Amaga municipality in Antioquia, a region that has been the site of... 

DFS gets under way at WCC’s standalone export project

By: Natasha Odendaal     Updated 4 hours ago A definitive feasibility study (DFS) for the Waterberg Coal Company’s (WCC’s) standalone export project has been commissioned, as discussions for the funding of the project get under way, the ASX- and JSE-listed group announced on Friday. WCC, which was still in talks with State-owned power... 

Wescoal secures R200m funding for Elandspruit colliery

By: Creamer Media Reporter Coal junior Wescoal has secured R200-million in funding from Investec Bank to be used primarily for the commissioning of its Elandspruit colliery. The financing facility includes a R180-million five-year term loan and a R20-million five-year working capital facility. 

Botswana mining output jumps 16.7% year-on-year in Q1

By: Reuters Botswana's mining production rose 16.7% year-on-year in the first quarter mainly due to the completion of maintenance at the Orapa diamond mine, the first set of industry figures from Statistics Botswana showed on Friday. Diamond output was the biggest contributor to growth in the first quarter,... 

Miner adds mobile light towers to existing fleet

Crushing and screening equipment supplier Pilot Crushtec International has sold an additional four VT8 8m TowerLights to mining and infrastructure construction company Scribante Mining Africa, adding to the company’s existing fleet of mobile lighting towers, which was also supplied by Pilot... 

Miner adds mobile light towers to existing fleet
VT8 8M TOWERLIGHTS Scribante Mining Africa has 20 lighting towers at several construction sites across South Africa

Vale reports increased production from African operations in third quarter

By: Keith Campbell Brazilian mining major Vale’s Moatize coal operation in the Tete province of Mozambique increased its output during the third quarter (3Q) of this year, in comparison to the second quarter (2Q). This was revealed by the group in its 3Q14 Production Report. During the third quarter, Moatize... 

Met coal price recovery unlikely until 2016 – Moody’s

By: Henry Lazenby A recovery in metallurgical (met) coal prices to between $135 and $145 a metric tonne is unlikely before the second half of 2016, says Moody’s Investors Service. In its sector commentary ‘Slow China demand, few curtailments push out met coal recovery’, published on Thursday, the firm noted that... 

Walter Energy shares fall despite beating expectations

By: Henry Lazenby The NYSE-listed stock of coal miner Walter Energy in early trading on Thursday morning fell by as much as 13%, despite the company reporting better-than-expected results for the quarter ended September 30. Birmingham, Alabama-based Walter reported a net loss of $98.9-million, or $1.48 a share,... 

Alpha Natural Resources narrows Q3 loss

By: Henry Lazenby US coal producer Alpha Natural Resources has narrowed its net loss for the third-quarter to $185-million, or $0.84 a share, compared with a net loss of $458-million, or $2.07 a share, in the comparable quarter of 2013, when it booked a $253-million goodwill impairment charge. Excluding special... 

South Africa’s underground coal Gasification roadmap on way

Creamer Media's Tracy Hancock talks to Mining Weekly editor Martin Creamer about the development of a roadmap for underground coal gasification in South Africa by the Fossil Fuel Foundation, which celebrates it’s twentieth year in existence. 

South Africa’s underground coal Gasification roadmap on way

Resgen targets Oct 2015 for completion of Boikarabelo power supply infrastructure

By: Natalie Greve Coal asset developer Resource Generation (Resgen) continues to progress the development of its Boikarabelo coal mine, in the Waterberg region. The company said in a report for the three months ended September 30, that construction of the infrastructure for the mine, which boasted probable coal... 

Miller’s status changed from Firestone CEO to MD

By: Leandi Kolver Coal developer Firestone Energy on Wednesday announced that it had appointed former CEO and executive director Stephen Miller as MD of the company with immediate effect. Firestone said the terms and conditions of Miller’s engagement had not changed with his change of status to MD, which followed... 

Miller’s status changed from Firestone CEO to MD
Photo by Duane Daws
Firestone MD Stephen Miller

300 a year doing mechanised mining courses at Wits centre

By: Martin Creamer Three hundred people a year are doing courses in mechanised mining offered by the University of the Witwatersrand Centre for Mechanised Mining Systems (CMMS). CMMS director Dr Declan Vogt, who was interviewed by Mining Weekly Online at the university, sees one of the centre’s main roles as... 

300 a year doing mechanised mining courses at Wits centre
Photo by Duane Daws
CMMS director Declan Vogt

R1bn set aside for initial Waterberg coal rail ramp-up to 26Mt

By: Terence Creamer State-owned freight logistics group Transnet will invest nearly R1-billion to facilitate an incremental increase in coal export volumes from Limpopo’s Waterberg to 26-million tons between 2015 and 2019. Transnet Freight Rail (TFR) CEO Siyabonga Gama indicated on Wednesday that the “interim”... 

R1bn set aside for initial Waterberg coal rail ramp-up to 26Mt
Photo by Duane Daws
Transnet Freight Rail CEO Siyabonga Gama

Transnet grows volumes despite weak economic climate

By: Terence Creamer State-owned freight logistics group Transnet said on Wednesday that double-digit increases in railed automotive and container volumes help lift revenue for the interim period to September 30, 2014, to a record R30.3-billion. Revenue was 6.4% higher period on period, with railed automotive and... 

Transnet grows volumes despite weak economic climate

Centennial’s 30-year old Angus mine a casualty of coal’s decline

By: Esmarie Swanepoel Unlisted coal miner Centennial Coal this week reported that it would place its Angus Place mine, in New South Wales, on care and maintenance during November this year. The miner said that the decision to close Angus Place was taken in response to the prolonged downturn in the international coal... 

Centennial’s 30-year old Angus mine a casualty of coal’s decline

Indian government accelerates plans to open coal sector

By: Ajoy K Das The Indian government is stepping on the gas to provide the necessary regulatory and legislative framework permitting private investment in the coal mining sector. `Denationalisation’ was still a taboo word for political reasons, but the government was working on various fronts to reform and... 

Arch Coal stock rallies as higher prices lift revenue

By: Henry Lazenby US miner Arch Coal on Tuesday reported a bigger-than-expected loss, but also higher-than-expected revenue, for the third quarter, as higher coal prices buoyed results. The St Louis, Missouri-based miner, which produces both electricity-generating thermal coal and steelmaking metallurgical coal... 

Consol to create MLP for thermal coal assets

By: Henry Lazenby US-based coal and natural gas producer Consol Energy on Tuesday announced plans to create a master limited partnership (MLP) for its thermal coal assets by year-end. The Pittsburgh-based company said in a telephone call with analysts that it hoped to announce an MLP by the end of the year, saying... 

Bloom Lake Phase 2 to proceed only if Cliffs can secure three equity partners

By: Henry Lazenby US miner Cliffs Natural Resources on Tuesday said there was no future for its Bloom Lake iron-ore mine, in Quebec, if the Phase 2 expansion was not undertaken. Speaking on his first quarterly results analyst telephone call as chairperson, president and CEO of the company, Laurenco Goncalves said... 

Kibo completes Rukwa DMFS ahead of schedule

By: Natalie Greve Mineral exploration and development company Kibo Mining has completed the technical work for Phase 1, Stage 1 of the definitive mining feasibility study (DFMS) for its Rukwa coal-to-power project (RCPP), in Tanzania, ahead of schedule. The company was now awaiting the final technical report,... 

Kibo completes Rukwa DMFS ahead of schedule

Atrum raises cash for Groundhog North

By: Esmarie Swanepoel Coal developer Atrum Coal has raised A$8-million in a share placement to institutional and sophisticated investors, to supplement existing facilities. The shares were placed at a price of A$1.20 each, and the funds raised would supplement Atrum’s existing facilities to allow the company to... 

Cliffs books $5.9bn loss on iron-ore, coal asset write-downs

By: Henry Lazenby US miner Cliffs Natural Resources has reported a third-quarter net loss of $5.9-billion, or $38.49 a share, after booking a $5.7-billion write-down of its iron-ore and coal assets. The Cleveland, Ohio-based company, which came under new management in July, following activist shareholder... 

Cliffs books $5.9bn loss on iron-ore, coal asset write-downs

Wescoal readies for H1 headline earnings jump

By: Natalie Greve Wescoal expects headline earnings for the six months ended September 30 to increase by between 25% and 36% to between 14.2c and 15.5c a share. In contrast, the company said on Monday that earnings a share for the period were likely to drop by between 58% and 62% to between 14.2c and 15.5c. 

Underground coal gasification roadmap on the way – FFF

By: Martin Creamer A roadmap for underground coal gasification (UCG) is on the way with its own association and charter, Fossil Fuel Foundation (FFF) stalwart Professor Lionel Falcon said at the weekend. Speaking at the FFF’s 20th anniversary awards banquet, Falcon said the UCG initiative followed the finalisation... 

Underground coal gasification roadmap on the way – FFF
Photo by Duane Daws
Fossil Fuel Foundations' Lionel Falcon

Ncondezi, SEP ink MoU over possible Moz project JV

By: Natalie Greve Coal asset developer Ncondezi Energy has signed a nonbinding memorandum of understanding (MoU) with the Shanghai Electric Power Company (SEP) that could see SEP becoming the controlling shareholder of Ncondezi’s 300 MW power plant project in Tete, northern Mozambique. The agreement documented the... 

Ncondezi, SEP ink MoU over possible Moz project JV

Firestone names ANC stalwart Phosa as new chairperson

By: Natalie Greve Coal developer Firestone Energy has appointed Dr Mathews Phosa as chairperson, with effect from Monday. Phosa, an attorney by profession, is a leading figure in South Africa's business and political world, having opened the first black law practice in Nelspruit in 1981 and working there as a... 

Rail options open for Aspire's Mongolian coal

By: Esmarie Swanepoel The shareholders of coal developer Aspire Mining on Monday smiled on the news that the company’s Ovoot project, in Mongolia, had been presented with a rail solution. The Mongolian government recently approved a new national rail policy, which included the extension of a rail from Erdenet to... 

New Age studies new coal project in the UK

By: Esmarie Swanepoel A scoping study on junior New Age Exploration’s Lochinvar coking coal project, on the border of Scotland and England, has confirmed robust economics. The project was expected to produce about 1.4-million tonnes a year of saleable coal over a 26-year mine life, at an operating cost of some $70/t... 

India’s ICVL to invest $500m in Mozambique infrastructure

By: Ajoy K Das India’s International Coal Ventures Limited (ICVL) will invest $500-million to build infrastructure and logistics to support mining at its newly acquired coal blocks in Mozambique. The investments would be made over the next two to three years, as ICVL’s coal blocks would need supporting... 

DRA awarded first phase of Exxaro’s Belfast coal implementation project

By: Leandi Kolver Engineering and project delivery company DRA has been awarded the $4.5-million first phase contract of JSE-listed Exxaro Resources subsidiary Exxaro Coal’s Belfast implementation project, in Mpumalanga. The first phase of the project would include the detailed design and engineering of a 500 t/h... 

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