http://www.miningweekly.com

Global Mining News in real time

Coal News

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... 

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

By: Esmarie Swanepoel While largely living up to its popular nickname the ‘Lucky Country’ by remaining relatively untouched by the global financial crisis, Australia – and more specifically its resources sector – has not been immune to falling commodity prices. The declining prices of coal and iron-ore, in particular,... 

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

Botswana mulls CTL sector establishment

By: Ilan Solomons Botswana is considering the establishment of a coal-to-liquid (CTL) industry to exploit the country’s large coal resources, which would assist in significantly reducing its yearly petroleum import bill and drive the diversification of Botswana’s economy, Botswana Chamber of Mines CEO Charles... 

Botswana mulls CTL  sector establishment
Photo by Bloomberg
NEW SECTOR, NEW OPPORTUNITES The development of a coal-to-liquids sector in Botswana could result in the development of other industries such as explosives

CTL’s future depends on South Africa’s energy plays

By: David D‘ Oliveira South Africa’s coal-to-liquids (CTL) future will be influenced by the changing energy dynamics regionally and worldwide, particularly in terms of increasing natural gas exploration in south-east Africa, says investment and development advisory firm Africa Practice consultant Sinethemba Zonke.... 

CTL’s future depends on  South Africa’s energy plays
Photo by Duane Daws
COAL RESISTANCE The world’s resistance to using coal as an energy source is the key challenge facing South Africa’s coal-to-liquids sector

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

By: Esmarie Swanepoel While keeping its nomer as the ‘Lucky Country’ by remaining relatively untouched by the global financial crisis, Australia ¬– and more specifically its resources sector – has not been immune against falling commodity prices. The declining prices of coal and iron-ore, in particular, have had a... 

Mining companies Down Under being forced to call in  administrators, shed jobs as commodity prices decline

Mozambique eyes coal deal for tax consequences, approves power venture

By: Keith Campbell The Mozambique Tax Authority has been watching the recently concluded deal between Anglo-Australian miner Rio Tinto and Indian company International Coal Ventures Limited (ICVL), in which the former sold its subsidiary Rio Tinto Coal Mozambique (RTCM) to the latter for a reported $50-million.... 

Production uncertainty at Impumelelo

By: David D‘ Oliveira Petrochemicals group Sasol’s mining subsidiary, Sasol Mining, has not yet been forthcoming on whether its new Impumelelo coal mine is providing coal for its coal-to-liquids operations, in Secunda. Impumelelo was scheduled to start production this quarter to replace Sasol Mining’s depleting... 

Production uncertainty  at Impumelelo
BRANDSPRUIT COLLIERY Sasol Mining’s depleting Mpumalanga-based Brandspruit colliery will be replaced by the new Impumelelo mine

Sasol Mining maintains presence at Mining Lekgotla

By: David D‘ Oliveira Energy and chemicals group Sasol mining subsidiary Sasol Mining maintained its presence at the Mining Lekgotla this year, which included a speech delivered by Sasol sustainability and business transformation executive director Nolitha Fakude on the role of industrialisation in enhancing... 

Sasol Mining  maintains presence  at Mining Lekgotla
FOSTERING TRUST Sasol Mining believes that trust is the cornerstone of the company’s stakeholder relationships, including with its employees

Vale lifts Q3 iron-ore output to historic highs

By: Henry Lazenby Diversified Brazil-based miner Vale on Thursday reported record iron-ore output for the third quarter ended September 30, boosted by quarter-on-quarter gains in all its business segments. Vale said iron-ore output was 85.7-million tonnes in the period, underpinned by the ramp-ups of Plant 2 at... 

Vale lifts Q3 iron-ore output to historic highs

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo

By: Martin Creamer Diversified mining company Anglo American on Thursday reported 12% lower coal production for South Africa’s State electricity utility Eskom, 31% less refined platinum production, 4% lower iron-ore exports and fewer diamond carats from South African diamond mines, in the three months to September... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo
Photo by Duane Daws
Anglo CEO Mark Cutifani

South Africa's main coal terminal stops releasing export data

By: Reuters South Africa's Richards Bay Coal Terminal (RBCT), the largest in the world, has stopped publishing monthly operational updates detailing shipments of coal because it is "competitive information", its chief executive said on Thursday. "This information is commercial, it's a competitive... 

South Africa's main coal terminal stops releasing export data
Photo by Leandi Kolver
Richard Bay Coal Terminal

Maules Creek to rail ahead of schedule

By: Esmarie Swanepoel First coal from the Maules Creek operation, in New South Wales, was expected to be railed in January next year, more than two months ahead of schedule, owner Whitehaven Coal reported on Thursday. The ASX-listed miner said that the acceleration of the first coal railing was owing to the strong... 

Eskom to receive R20bn injection, but no other SoC bailouts 

By: Terence Creamer Finance Minister Nhlanhla Nene confirmed a further direct allocation to power utility Eskom of at least R20-billion. But he also stressed on Wednesday that the injection would have no impact on the Budget deficit as the capital would be raised through the sale of “non-strategic State assets”.... 

Eskom to receive R20bn injection, but no other SoC bailouts

India takes baby steps towards open coal sector

By: Ajoy K Das The Indian government has given the first hints of legislative changes designed to usher in the de-nationalisation of the country’s coal sector. While no timeframe for the dramatic reform of the sector had been given, the government has indicated that de-nationalisation was the path it would... 

Balamara consolidates Mariola ownership in A$13m deal

By: Esmarie Swanepoel ASX-listed junior Balamara Resources on Tuesday announced a A$13-million all-scrip deal to consolidate the ownership of the Mariola thermal coal project, in Poland. Under the terms of the transaction, Balamara would issue 200-million of its own shares, or similar, to acquire the remaining 85% of... 

Australian horse breeders halt Anglo American coal expansion plans

By: Esmarie Swanepoel The New South Wales Planning Assessment Commission (PAC) has refused diversified major Anglo American’s application to develop the Drayton South mine, claiming it would negatively affect the Coolmore and Dudley horse breeding studs. The Drayton mine has been in operation since 1983 and produces... 

Australian horse breeders halt Anglo American coal expansion plans

Peabody beats Street Q3 forecast as Australian cost savings lift results

By: Henry Lazenby US coal producer Peabody Energy’s NYSE-listed stock was on Monday trending lower despite the company reporting a much narrower loss than what Wall Street analysts were expecting, mainly owing to lower costs at its Australian operations. For the three months ended September 30, the St Louis,... 

Peabody beats Street Q3 forecast as Australian cost savings lift results

Wescoal expects higher H1 earnings, output

By: Natasha Odendaal JSE-listed miner Wescoal expects to report higher headline earnings and increased production for the six months to September 30. Headline earnings per share for the first half of the year were expected to rise more than 20% on the prior corresponding period last year. 

Atrum improves Groundhog North project economics

By: Esmarie Swanepoel Coal developer Atrum Coal has reduced the expected capital cost and increased the mine life of its proposed Groundhog North project, in Canada, after doubling the resource estimate earlier this month. ASX-listed Atrum on Monday reported that a supplementary prefeasibility study (PFS) into the... 

India to legislate new law to acquire illegally allotted land

By: Ajoy K Das The Indian government is readying new legislation to acquire land bought by companies whose coal blocks the Supreme Court declared to be illegally allotted. The law, in the form of an ordinance prepared by the Coal Ministry, was expected to be approved by the government before month-end, since... 

Cliffs shares slide on prospect of $6bn Q3 asset impairment charge

By: Henry Lazenby US miner Cliffs Natural Resources on Friday reported that it expected to book a $6-billion after-tax noncash impairment on its seaborne iron-ore and coal assets in the third quarter, sending its NYSE-listed stock sliding as much as 10% during intraday trading. The Cleveland, Ohio-based company... 

Cliffs shares slide on prospect of $6bn Q3 asset impairment charge

Transnet rail graduates ‘seeds’ for future rail industry growth

By: Schalk Burger The graduation of 85 employees of State-owned logistics company Transnet Freight Rail (TFR) in rail sciences planted the seeds for future rail industry growth and formed an integral part of TFR’s R201-billion rail infrastructure roll-out plans, Transnet CEO Brian Molefe said on Thursday at the... 

Transnet rail graduates ‘seeds’ for future rail industry growth
TRANSNET FREIGHT RAIL The benefits to Transnet from the training are improvements in performance and productivity

Pacific protesters in canoes, kayaks target Australian coal port

By: Reuters Hundreds of protesters on Friday joined environmental activists from a dozen South Pacific countries attempting to halt shipping at the world's largest coal export terminal in eastern Australia by forming a blockade with canoes, surfboards and kayaks. The action at the entrance to the Port of... 

India concerned over Mozambique uncertainties, but readying for talks with new govt

By: Ajoy K Das India is keeping close tabs on the elections in Mozambique and is ready to initiate fresh talks with the new government to further already-committed investments by Coal India Limited (CIL) and ONGC Limited in the African nation. Irrespective of the outcome of Mozambique’s fiercely contested... 

India concerned over Mozambique uncertainties, but readying for talks with new govt

TAI report critical of coal’s contribution to Qld economy  

By: Esmarie Swanepoel A new report by Canberra think tank The Australia Institute (TAI) has suggested that the Queensland coal industry is a less-than-impressive contributor to the state’s economy. In its analysis of the coal industry, TAI noted that the industry was one of the smallest employers in the state,... 

6 000 disused mines leaking AMD, heavy metals into the environment – NGO

By: Anine Vermeulen There are about 6 000 abandoned mines in South Africa that are leaking acid mine water (AMD) and heavy metals into the environment, says the nonprofit organisation Bench Marks Foundation in a research report released last month. Bench Marks Foundation executive director John Capel says the... 

As one miner leaves Mozambique, others plan to further develop their projects

By: Keith Campbell Mining major Rio Tinto announced on October 8 that it had concluded the sale of Rio Tinto Coal Mozambique (RTCM) to India’s State-owned Indian Coal Ventures Private Limited (ICVL), “following the fulfilment of all conditions precedent and receipt of the necessary regulatory approvals,” as the... 

Narrowing of current account deficit to be slow, economist warns

By: Terence Creamer Corporate and investment banking group Absa Capital says that, while the “worst is probably over”, South Africa’s current account deficit is likely to narrow only slowly in the coming year, owing to weakening terms of trade. Economist Peter Worthington noted that, at 6.2% of gross domestic... 

Narrowing of current account deficit to be slow, economist warns
Absa Capital economist Peter Worthington

Cockatoo inks exploration deal with Jogmec

By: Esmarie Swanepoel Australian coal developer Cockatoo Coal has signed an exploration joint venture agreement with Japan Oil, Gas and Metals National Corporation (Jogmec) over its Dingo West project, in Queensland. The project consists of two exploration permits covering 76 km2, and is located about 50 km from... 

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

Mick Davis X2 now sitting on nigh-$5bn war chest

By: Martin Creamer Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up... 

Mick Davis X2 now sitting on nigh-$5bn war chest
Photo by Duane Daws
Flashback Mick Davis picture
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.85Change: 0.03
R/$ = 10.93Change: 0.05
Au 1231.31 $/ozChange: -0.06
Pt 1248.50 $/ozChange: -1.00