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Coal News

Paringa raises cash for US coal project

By: Mariaan Webb     29th July 2016 Australia-listed Paringa Resources has successfully completed a bookbuild for a placement of 38.20-million shares at A$0.17 a share to raise A$6.49-million. The proceeds of the placement will be used to complete the bankable feasibility study for the Buck Creek No 2 mine and provide funding to... 

Vale's Mozambique unit stops using Sena railway after attacks – State news agency

By: Reuters     29th July 2016 Brazil's Vale has stopped transporting coal on the Sena railway line in Mozambique which carries coal from the interior to the Indian Ocean port of Beira after gunmen attacked a train, Mozambique's state news agency (AIM) said on Thursday. "The train was ambushed as it passed through Inhamitanga,... 

Coal major expects production increases despite Inyanda closure

     29th July 2016 Thermal coal production from commercial mines owned by mining company Exxaro is expected to increase by 12%, mainly owing to the inclusion of coal producer Exxaro Coal Central (ECC) and higher production at the Grootegeluk coal mine, in Limpopo, and the North Block Complex coal mine, in... 

Coal major expects production increases despite Inyanda closure
CAPITAL DEVELOPMENTS The timing of the truck replacement programme at Grootgeluk is being refined, which will affect future years' capex

Elandspruit on track to deliver 200 000 t/m of coal 

By: Victor Moolman     29th July 2016 Coal production at the Elandspruit mine, in Mpumalanga, is on track to reach 200 000 t/m run-of-mine (RoM) with the development of the colliery’s underground mining project, says coal mining and trading company Wescoal Holdings CEO Waheed Sulaiman. 

Elandspruit on track to deliver  200 000 t/m of coal
Wescoal project manager Ettienne Strydom explains the progress made at the Elandspruit open pit mine, in Mpumalanga. Video and Editing: Nicholas Boyd.

Exxaro hands over 20 houses to Mpumalanga community

By: Mia Breytenbach     29th July 2016 Diversified mineral resource company Exxaro, through its North Block Complex (NBC) Coal in Belfast, in Mpumalanga, handed over 20 newly built houses to the community of Siyathuthuka last week. This formal settlement forms part of the eMakhazeni local municipality and is close to NBC Coal’s... 

Exxaro hands over 20 houses to Mpumalanga community
COMMUNITY CONTRIBUTION The housing project, worth R5.4-million, comprises 20 newly built houses for the community of Siyathuthuka

Mabesekwa, Mbeya coal projects march ahead

By: Victor Moolman     29th July 2016 The Mabesekwa coal mine, in Botswana, is at an advanced stage of the Mabesekwa Export independent power producer (MEIPP) project and will seek to secure its mining licence and agreements to supply electricity to the South African Coal Baseload IPP programme and the domestic Botswana Greenfield... 

Mabesekwa, Mbeya coal projects march ahead
Photo by Duane Daws
ROBUST LIFE EXPECTANCY The Mabesekwa mine's coal reserves are forecast to last well over 50 years

Most South32 operations meet, exceed guidance in maiden year

By: Mia Breytenbach     29th July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations positions the company well to achieve its unit cost guidance in the new financial year. Despite a... 

Most South32 operations meet, exceed guidance in maiden year
Photo by Bloomberg
RECORD PRODUCTION Mozal Aluminium, in Mozambique, achieved a yearly production of 266 000 t in the financial year under review

New Largo, Thabametsi top projects on coal analyst’s radar

By: Victor Moolman     29th July 2016 Coal mines are being built close to power stations to increase their profitability, says consulting service XMP Consulting senior coal analyst Xavier Prévost. Two such coal projects under development are diversified miner Anglo American’s New Largo project, in Mpumalanga, and mining company... 

New Largo, Thabametsi  top projects on coal  analyst’s radar
WEALTHY WATERBERG The Waterberg area, in Limpopo, has more than 48-billion tons of coal in reserve

Indian provinces demand higher coal royalty

By: Ajoy K Das     28th July 2016 Coal-bearing provinces in India have requested higher royalties on the coal produced in their respective geographies, noting that the 14% ad valorem royalty on coal was last revised four years ago. The provinces, which are seeking an increase in royalties to bolster their revenue streams, have... 

Peabody strikes deal in support of coal mine restoration

By: Anine Kilian     28th July 2016 US metallurgical and thermal coal producer Peabody Energy has reached an agreement with three US states, namely Wyoming, New Mexico and Indiana, stipulating that Peabody would pay for coal-mine clean up liabilities, where the Missouri-based company has self-bonding obligations. These agreements... 

Coal miner Alpha emerges from bankruptcy amid doubts on outlook

By: Reuters     27th July 2016 Coal producer Alpha Natural Resources emerged from Chapter 11 bankruptcy on Tuesday with doubts about its long-term prospects and ability to carry out a recent environmental clean-up deal with regulators. Alpha said in a statement it emerged from bankruptcy as a slimmed down, privately held... 

Coal miner Alpha emerges from bankruptcy amid doubts on outlook

Poland says lines up third investor as coal miner KHW needs more funds

By: Reuters     26th July 2016 Poland has lined up a third investor for one of its troubled state-run coal mining groups, KHW, to limit the amount of money Weglokoks and Enea need to invest, the country's deputy energy minister said on Tuesday. KHW has found itself in deeper trouble than thought since six Polish state-run... 

GE aiming to change coal narrative with high-efficiency power solutions 

By: Terence Creamer     26th July 2016 Technology group GE is beginning to actively make the case for clean coal, having concluded that coal-fired generation will remain a major, albeit relatively smaller, part of the future electricity mix in many parts of the world. GE Power global sales and marketing leader for steam power systems,... 

GE aiming to change coal narrative with high-efficiency power solutions
Photo by Duane Daws
Michael Keroullé

African Energy, First Quantum advance Botswana coal/power project

By: Megan van Wyngaardt     26th July 2016 ASX-listed African Energy Resources (AFR) is looking to update its mining study to meet the requirements of fuel delivery for a 450 MW integrated coal and power project, up from the 300 MW it had initially planned for its Botswana-based Sese project. The update forms part of the work programmes... 

African Energy, First Quantum advance Botswana coal/power project

Ndlovu to head Anglo coal

By: Martin Creamer     26th July 2016 Anglo American Platinum (Amplats) operational processing executive head July Ndlovu has been appointed CEO of Anglo American’s coal business in South Africa. This follows the appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore, following Norman Mbazima’s decision to step down after four... 

Ndlovu to head Anglo coal
Photo by Duane Daws
New Anglo Coal CEO July Ndlovu

This coal miner’s getting paid to buy assets in Appalachia

By: Bloomberg     26th July 2016 James Booth has done it again. In September, his Booth Energy coal group bought a collection of Appalachian mines from a Florida utility company for nothing beyond liabilities. On Monday, it acquired another two sites in West Virginia -- this time, from Consol Energy Inc. – for nothing beyond... 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

     25th July 2016 This edition of Creamer Media’s Africa Mining Projects in Progress 2016 (First Edition) reviews recently announced scoping, prefeasibility and definitive/bankable feasibility studies on projects across the continent, as well as the projects that are under way. 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

Australia’s corporate watchdog continues Continental Coal probe

By: Mariaan Webb     22nd July 2016 The investigation of the Australian Securities and Investment Commission (Asic) into the affairs of Western Australia-based, but former South Africa-focused developer Continental Coal, is continuing, with the corporate watchdog announcing that it has secured further asset-freezing orders. Asic... 

Edenville holds ‘constructive’ meetings with Tanzanian authorities

By: Creamer Media Reporter      22nd July 2016 Aim-listed Edenville Energy this week held “constructive” meetings with senior representatives of the Tanzania Ministry of Energy and Minerals (MEM) and the Tanzania Electric Supply Company (Tanesco) to discuss the next steps for Edenville to progress its Rukwa coal-to-power project. The meetings... 

Anglo American coal bidders said in talks for acquisition loans

By: Bloomberg     22nd July 2016 Bidders for Anglo American’s Australian metallurgical coal assets, including Coronado Coal and AMCI Capital, are in talks with banks for acquisition financing, people with knowledge of the matter said. Coronado and AMCI are competing for Anglo American’s Moranbah and Grosvenor mines with BHP... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts

By: Mia Breytenbach     21st July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations is positioning the company well to achieve its unit cost guidance in the new financial year. Despite a... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts
Photo by Bloomberg
South32 CEO Graham Kerr

Eskom letter sends shock waves through private power sector 

By: Terence Creamer     21st July 2016 News of Eskom’s letter to Energy Minister Tina Joemat-Pettersson – seeking clarity on the approach the utility should take to contracting in future with independent power producers (IPPs) – sent shock waves through the private power community, which is only just starting to find its feet in a... 

Eskom letter sends shock waves through private power sector
Photo by Duane Daws
Eskom chairperson Dr Ben Ngubane

Anglo ups South African export coal output as diamond, iron-ore volumes fall

By: Martin Creamer     20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, which saw local diamond and iron-ore output fall appreciably. While Eskom-related production remained broadly unchanged in the second quarter, export coal production rose 8% to... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall
Photo by Duane Daws
Anglo American CE Mark Cutifani

Stanmore reports production results from Isaac Plains 

By: Mariaan Webb     20th July 2016 The Isaac Plains coal mine, which Stanmore Coal reopened earlier this year, has managed to produce 231-million tonnes in the June quarter, which marked the ramp-up phase of operations. Stanmore reported on Wednesday that it had sold 156-million tonnes from the Queensland mine, which it bought... 

BHP aims to grow copper, iron-ore, coal volumes in FY17

By: Mariaan Webb     20th July 2016 Diversified mining group BHP Billiton, which narrowly missed its iron-ore production guidance for the 2016 financial year, aims to grow its copper, iron-ore and metallurgical coal production in the next financial year by focusing on improving its productivity. Reporting on the group’s 2016... 

BHP aims to grow copper, iron-ore, coal volumes in FY17
BHP Billiton CEO Andrew Mackenzie

Eskom moves to raise exports as it closes in on 80% plant-availability goal  

By: Terence Creamer     19th July 2016 State-owned electricity producer Eskom says it is on course to achieve its stated goal of achieving an energy availability factor (EAF) of 80% well ahead of its 2021 target, reporting a steady recovery in the performance of its fleet of coal-fired power stations. As a consequence, the utility... 

Eskom moves to raise exports as it closes in on 80% plant-availability goal
Eskom CEO Brian Molefe outlines progress regarding the energy availability factor at its power stations. Camera Work: Nicholas Boyd. Editing: Lionel da Silva. Recorded: 19.7.2016

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon 

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

India banking on coal exports to manage rising stockpiles

By: Ajoy K Das     19th July 2016 Coal exports could hold the key to managing mounting coal stockpiles in India, with shipments to neighbouring countries seen as the most obvious choice to mark the country’s entry into the coal export market. Under advice from the Coal Ministry, Coal India Limited (CIL) has started exploring... 

Universal Coal to push ahead with New Clydesdale colliery

By: Megan van Wyngaardt     18th July 2016 South Africa-focused Universal Coal plans to restart the New Clydesdale colliery (NCC), in Mpumalanga, as an export-focused coal mine, while negotiations continue to supply State-owned power utility Eskom. CEO Tony Weber on Monday also expressed the ASX-listed company’s disappointment that... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

CoAL’s offer to take over Universal Coal lapses

By: Megan van Wyngaardt     15th July 2016 Triple-listed Coal of Africa Limited’s (CoAL’s) offer to acquire the entire share capital of Universal Coal has lapsed, with all contracts resulting from acceptances of the offer by Universal shareholders now void. CoAL in December formally launched an offer to take over the South Africa-focused... 

Vanggatfontein achieves consistent performance in Q1 – Keaton

By: Creamer Media Reporter      15th July 2016 JSE-listed Keaton Energy’s Vanggatfontein mine, in Mpumalanga, continued to perform consistently in the quarter ended June 30, producing 574 536 t of washed 2- and 4-Seam thermal coal for delivery to Eskom. Although this was 7% lower than the 617 413 t produced in the quarter ended June 30, 2015,... 

Coal-to-power projects gain ground 

     15th July 2016 African coal-to-power projects are gaining traction, with underground-coal-to-gas (UCG) thought leader Julian Mast-Ingle saying coal mining in Africa and in South Africa in particular could provide the key to powering up growth on the continent. Mining Weekly editor Martin Creamer joins senior... 

Coal-to-power projects gain ground
Coal-to-power projects gain ground

Coal India sees rising import costs helping to trim stockpiles

By: Bloomberg     15th July 2016 Coal India, the world’s biggest producer of the fuel, sees rising international prices helping it shrink swollen stockpiles and gain more buyers as domestic customers shun imports in favor of local supplies. Increasing Australian and South African prices have made imports more expensive, which... 

Chinese consortium to invest $2.8bn in South Africa industrial zone

By: Reuters     15th July 2016 A group of Chinese investors will pump more than R40-billion ($2.81-billion) into the South African economy to build an industrial park, government said on Thursday. The trade ministry said a consortium of Chinese investors led by Hong Kong Mining Exchange would invest in power, pig iron and... 

Whitehaven boosts coal production 35%

By: Mariaan Webb     15th July 2016 Gunnedah basin coal miner Whitehaven Coal produced 19.7-million tonnes of coal in the 2016 financial year, ended June 30, which is a 35% increase on the previous corresponding period. Whitehaven, which owns four opencut mines and one large underground mine in New South Wales, delivered in its... 

Whitehaven boosts coal production 35%

Indian group could build power plant at Moz coal mine

By: Keith Campbell     15th July 2016 Indian coal company International Coal Ventures Limited (ICVL) is considering building a thermal power plant at its Benga coal mine in Mozambique’s Tete province. ICVL is a consortium of State-owned companies, originally created in 2009 in an initiative by the Ministry of Steel, the main members... 

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