R/€ = 14.88 Change: 0.00
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Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49

Coal News

Gupta-owned mines' rehabilitation fund case postponed

By: News24Wire      20th April 2018 An urgent court application by the Gupta-owned Optimum and Koornfontein coal mines to reclaim rehabilitation funds worth over R1.7-billion, has been postponed. The money was seized by the National Prosecuting Authority's (NPA) Asset Forfeiture Unit. Trustees of the rehabilitation funds controlled... 

Trump's latest plan for saving coal comes from the Cold War

By: Bloomberg     20th April 2018 Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using... 

Maatla Energy gets enviro approval for Botswana mine

By: Marleny Arnoldi     19th April 2018 Coal and energy company Maatla Energy’s subsidiary, Maatla Resources, has received approval for the environmental-impact assessment (EIA) for its Mmamabula export coal mine, in Botswana.  

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

By: Esmarie Swanepoel     19th April 2018 Mining giant BHP has reduced its full-year production expectations for its Pilbara iron-ore operations, as well as the Olympic Dam mine, in South Australia. The miner on Thursday reported a 6% drop in iron-ore production during the three months to March, compared with the previous quarter,... 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

Eskom says facing coal shortages at seven power plants

By: Reuters     17th April 2018 South African power utility Eskom, which is battling to recover from a financial and leadership crisis, said on Tuesday that it was facing coal shortages at seven power stations. Eskom supplies around 95% of South Africa's electricity, predominantly by burning coal. The state-owned utility has... 

Eskom says facing coal shortages at seven power plants

Outa calls for Eskom turnaround before tariff hikes are granted

By: Kim Cloete     17th April 2018 Eskom should first implement a turnaround strategy before the National Energy Regulator of South Africa (Nersa) considers granting it a tariff hike, says the Organisation for Undoing Tax Abuse (Outa). “Eskom leadership must institute stringent measures to recoup the billions of rands siphoned out... 

Troubled Gupta coal mines threaten South Africa with power cuts

By: Bloomberg     17th April 2018 South Africa’s State-owned power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply, raising the specter of a return to rolling power cuts that have periodically slowed the economy since 2008. Eskom Holdings is diverting coal... 

Troubled Gupta coal mines threaten South Africa with power cuts

Coal India earmarks corpus for CBM foray

By: Ajoy K Das     17th April 2018 State-owned Coal India Limited (CIL) has earmarked $462-million for its foray into exploration and production of coal-bed methane (CBM), following government’s announcement that it will relax rules to allow the company to exploit the resource. Though plans are yet to be finalised, sources have... 

Whitehaven reports another solid quarter

By: Esmarie Swanepoel     17th April 2018 ASX-listed Whitehaven Coal has reported a lift in production during the March quarter, with run-of-mine (ROM) production up to 5.9-million tonnes during the three months under review. This was up from the 5.4-million tonnes produced in the previous quarter, and the 5.6-million tonnes produced... 

Eskom kicks off public hearings by asking for R66.6bn

By: Kim Cloete     16th April 2018 Eskom has argued its case for the National Energy Regulator of South Africa (Nersa) to grant it the R66.6-billion it is claiming, including for unforeseen expenses and unrealised revenue for the past three financial years. An Eskom team on Monday kicked off countrywide public hearings in Cape... 

Eskom kicks off public hearings by asking for R66.6bn
Photo by Dylan Slater
Eskom interim CEO Phakamani Hadebe

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Glencore releases all-embracing 117-page sustainability report
Glencore's Anna Krutikov

Resgen secures R540m IDC loan

By: Marleny Arnoldi     16th April 2018 The Industrial Development Corporation of South Africa (IDC) has approved JSE- and ASX-listed Resource Generation’s (Resgen’s) request for R540-million in funding.  

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Aspire hopes to finalise rail FS

By: Esmarie Swanepoel     13th April 2018 Coal developer Aspire Mining and its rail subsidiary Northern Railways have entered into a memorandum of understanding (MoU) with China Gezhouba Group International Engineering Company (CGGC) to advnce the Erdenet to Ovoot rail project. The parties have agreed to work quickly to finalise the... 

EY launches new team in Natural Resources segment

By: Nadine James     13th April 2018 Assurance and advisory firm EY in Africa, has incorporated a new Transaction Advisory Services (TAS) technical team into its Natural Resources segment. The team includes a century’s worth of combined mining and oil and gas expertise and combines “deep sector expertise and economic competence” to... 

Services demand in Africa rising

By: Melissa Zisengwe     13th April 2018 Over the past two years, local mining engineering consultancy Ukwazi has registered a rise in demand of between 20% and 30% for its service offering across Africa. The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations... 

Services demand in Africa rising
SERVICES DEMAND Ukwazi has a pipeline of clients requesting additional services, mostly in the Southern Africa region

Eskom outlines case for R67bn clawback amid tariff-hike hostility

By: Terence Creamer     12th April 2018 State-owned electricity group Eskom has expressed confidence that its three applications to recoup nearly R67-billion through the Regulatory Clearing Account (RCA) mechanism will succeed, stressing that its submissions are fully aligned to the most recent RCA decision made in 2016 for the 2013/14... 

Eskom outlines case for R67bn clawback amid tariff-hike hostility

Coal India to scout for global CBM technology, production partner

By: Ajoy K Das     12th April 2018 With India’s Cabinet Committee for Economic Affairs (CCEA) on Wednesday liberalising rules for coalbed methane (CBM), Coal India Limited (CIL) will shortly start scouting for global technology and production partners to extract the gas from coal blocks that it holds. While detailed search plans... 

Burgh picked to keep Gupta coal mines going

By: Bloomberg     12th April 2018 South Africa’s Burgh Group Holdings won a temporary contract to keep mines linked to the Gupta family afloat, according to a business-rescue manager for the assets. Other parties offered financing, but Burgh “came without conditions,” Louis Klopper, a bankruptcy-proceedings manager at Coronado... 

Vision 2030 mining growth strategy under development ­– ­DMR

By: Martin Creamer     10th April 2018 A Vision 2030 for the mining industry, and a strategy for growth and competitiveness of the sector, are topics under development, the Department of Mineral Resources (DMR) said on Tuesday, when efforts to finalise and gazette the Mining Charter also intensified. In announcing that Mineral... 

Kibo to raise cash for expedited Botswana coal-to-power study

By: Creamer Media Reporter      10th April 2018 Aim-listed energy and resource company Kibo Mining said on Tuesday that it would raise capital to expedite its feasibility study for its coal-to-power project in Botswana and also announced changes to its board and management. Kibo said that it had received commitments to raise £1.5-million by... 

‘High priority’ IRP update to be published soon

By: Terence Creamer     10th April 2018 Department of Energy (DoE) director-general Thabane Zulu says the updated Integrated Resource Plan (IRP) is undergoing a final set of processes and consultations, as stipulated by Cabinet in December, before being published in the Government Gazette. Speaking at the Africa Power Roundtable in... 

‘High priority’ IRP update to be published soon
Photo by Dylan Slater
Department of Energy director-general Thabane Zulu

Government, trade union talks fail to avert proposed Coal India strike

By: Ajoy K Das     10th April 2018 The Indian government’s assurance that State-owned Coal India Limited (CIL) will “maintain its dominant industry position” after coal mining is opened up to private companies has failed to placate workers and more trade unions have joined the planned strike on April 19. CIL workers have been... 

China coal imports to fall this year amid concerns about curbs

By: Reuters     10th April 2018 China's coal imports are expected to fall by 8% this year, a senior industry official said on Tuesday, amid growing concerns that the world's top consumer of the fuel will curb arrivals from abroad to boost the domestic market. Arrivals from abroad will be 250 million tonnes, down from... 

Australia sees miners winning highest Japan coal deal since 2012

By: Bloomberg     9th April 2018 Coal miners are set to win the highest supply contract in six years from Japanese utilities after demand drove spot prices higher, according to Australia’s commodity forecaster. Japan’s utilities will probably pay $100 a metric ton for annual supplies during the period from April to March, the... 

Aurizon puts new wagons on NSW coal lines

By: Esmarie Swanepoel     6th April 2018 Freight hauler Aurizon has reiterated its commitment to the Hunter Valley coal industry, announcing the arrival of a batch of newly-built coal wagons at the Port of Newcastle. Aurizon GM for New South Wales coal operations, Catherin Baxter, said on Friday that the 32 wagons in the consignment... 

Qld grants mining lease to new coal mine

By: Esmarie Swanepoel     6th April 2018 The Queensland Resources Council (QRC) has welcomed the state government’s decision to grant a mining lease for the proposed Dysart East underground coal mine, being developed by privately-held Bengal Coal. QRC CEO Ian Macfarlane said on Friday that the decision to issue the mining lease until... 

Coal drives Queensland exports

By: Esmarie Swanepoel     6th April 2018 New data by the Queensland Treasury has shown that the value of the state’s exports had increased by A$10.3-million over the last 12 months, to A$70-billion, with coal accounting for the lion’s share of this growth. Coal exports increased by more than 19% during the year, or A$4.8-billion, the... 

BME launches new emulsion brand, eyeing North American market

By: Nadine James     6th April 2018 After three decades of advancement in its emulsion offerings, South Africa-based explosives leader BME is subsuming its well-known brands such as HEF, and Megapump under the name of Innovex. According to BME ammonium nitrate-based products, equipment and services product manager Dr Rakhi Pathak,... 

Kibo, Tanesco to meet next week on PPA for MCPP

By: Simone Liedtke     5th April 2018 The Tanzania Electric Supply Company (Tanesco) will convene a work session for the power purchase agreement (PPA) task team for Kibo Mining’s Mbeya coal-to-power project (MCPP) on April 10. Representatives from Kibo and Tanesco will attend the session, which is aimed at finalising work on the... 

Bushveld’s Lemur progressing Madagascar coal and power project

By: Marleny Arnoldi     5th April 2018 Aim-listed diversified miner Bushveld Minerals on Thursday provided an operational update regarding its coal and energy subsidiary Lemur Holdings, stating that the bankable feasibility study for the integrated thermal coal mining and independent power project, in Madagascar, is progressing.  

Bushveld’s Lemur progressing Madagascar coal and power project
Lemur Resources CEO Prince Nyati

Botswana's power utility lifts tariffs by 10%

By: Reuters     5th April 2018 The Botswana Power Corporation (BPC) said on Thursday it had increased electricity tariffs by 10% as the loss-making utility tries to recover costs. BPC has made operating losses for years due to high import costs, non-performing assets and operational inefficiencies. That has made the company... 

Six miners killed in Georgia in coal mine accident – officials

By: Reuters     5th April 2018 Six miners were killed and three injured on Thursday when the roof of a coal mine in western Georgia collapsed, the country's interior ministry said. The ministry said in a statement that the accident had occurred at the Mindeli mine in Tkibuli, 200 km (124.27 miles) west of the capital Tbilisi. 

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

BHP quits World Coal Association over differences in climate policies

By: Esmarie Swanepoel     5th April 2018 Mining major BHP has taken the decision to discontinue its membership of the World Coal Association (WCA), citing “material differences” in their respective climate change policies. The diversified giant also said on Thursday that the decision was also taken in light of the “narrow range of... 

BHP quits World Coal Association over differences in climate policies

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand
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