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Coal News

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’

By: Martin Creamer     Updated 7 hours ago Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Fraser Alexander’s structured funding offering to revolutionise mining industry – CEO 

By: Mia Breytenbach     26th September 2016 Mining Services and construction company Fraser Alexander has, as part of repositioning its business value proposition, introduced a structured funding offering to its Integrated Mining Service (IMS) for its clients. CEO Velile Nhlapo believes this value proposition will “revolutionise the mining... 

Fraser Alexander’s structured funding offering to revolutionise mining industry – CEO
Mining Services and construction company Fraser Alexander has, as part of repositioning its business value proposition, introduced a structured funding offering to its Integrated Mining Service for its clients. Video and editing: Darlene Creamer 26.9.2016

Ferrochrome price in sharp rise

By: Martin Creamer     26th September 2016 The European benchmark ferrochrome price for the fourth quarter of 2016 has been settled at 110c a pound, 12.2% up on the 98c-a-pound price of the third quarter. Johannesburg Stock Exchange-listed Merafe Resources said last month that it expected to benefit from renewed positive ferrochrome... 

Ferrochrome price in sharp rise
Photo by Duane Daws
Merafe CEO Zanele Matlala

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

Kibo, Sepco agree to 3-week extension on MCPP development cost determination

By: Natasha Odendaal     23rd September 2016 Aim- and Alt-X-listed Kibo Mining has agreed to a three-week extension for the determination of the final development amount still due by China-based contractor Sepco III as part of a redefined agreement for the progression of Kibo’s Mbeya coal-to-power project (MCPP), in Tanzania. The agreement,... 

Coal India plans to re-enter Mozambique

By: Ajoy K Das     23rd September 2016 Less than a month after formalising its exit from developing coal blocks in the Tete province of Mozambique, Coal India Limited (CIL) is planning to re-enter the African country in search of a new project. According to a CIL official, the Indian miner will approach the Mozambique government for... 

Coal India plans to re-enter Mozambique

Greens group appeals to Qld govt as Blair Athol sale proceeds

By: Esmarie Swanepoel     23rd September 2016 Environmental group Lock the Gate Alliance has again appealed to the Queensland government to intervene in the $1 sale of the Blair Athol coal mine, saying the deal exposed the Queensland taxpayer to an "unacceptable risk" of having to pay for the mine’s rehabilitation. Mining major Rio Tinto... 

Greens group appeals to Qld govt as Blair Athol sale proceeds

Earnings from govt contracts only a tiny fraction of total revenue – Oakbay

By: Ilan Solomons     23rd September 2016 In an attempt to highlight that its revenue is largely driven by private-sector deals – with government contracts accounting for only 8.9% of revenue generation – controversial investment holding company Oakbay Investments has released its first annual results for the year ended February 29. The... 

Earnings from govt contracts only a tiny fraction of total  revenue – Oakbay
Photo by Duane Daws
BRAKFONTEIN COAL MINE Brakfontein supplied 1.49-million tons of coal to Eskom in Oakbay’s 2015/16 financial year

Increased systemisation of logistics management needed in South Africa

By: Robyn Wilkinson     23rd September 2016 South Africa needs to focus on improving the systemisation of logistics management or risk falling behind global trends and incurring inflated costs, says research logistics team Greiner, Mendi & Associates (GMA) MD Lars Greiner. 

Investor confidence ‘concerning’, key to industry growth

By: Aarifah Nosarka     23rd September 2016 The South African mining sector needs policies that recognise the type of investment that mining demands and which reduce the risks related to investing in long-term projects to encourage investment in the sector, says Chamber of Mines (CoM) CEO Roger Baxter. He tells Mining Weekly that the... 

Investor confidence ‘concerning’, key to  industry growth
RESILIENT INDUSTRY The mining industry is the foundation on which South Africa’s industrial development was built and continues to contribute significantly to the country’s economy

Local manufacturer launches its first continuous miner

By: Robyn Wilkinson     23rd September 2016 South African engineering manufacturer JA Engineering’s (JAE’s) first in-house designed continuous miner, the Wildcat JAE42, will undergo field tests in November, after which it will be made available for purchase by the South African mining industry. 

Local manufacturer launches its first  continuous miner
WILDCAT JAE42 CONTINUOUS MINER The Wildcat is designed specifically with South African coal mining operations in mind, offering a high cutting forc

Kibo appoints Absa as Mbeya Project’s financial adviser

By: African News Agency      22nd September 2016 Kibo Mining on Thursday said it had signed an advisory engagement letter with Absa Bank laying out the scope of work and terms under which it will act as financial advisor on the Mbeya Coal to Power Project (MCPP). Kibo is developing a 250 MW to 350 MW mouth-of-mine thermal power station in its... 

Dichotomy underlines India’s ambitious plans to double mineral production by 2020

By: Ajoy K Das     22nd September 2016 India’s Mines Ministry has set an ambitious target of doubling mineral production by 2020, but dichotomously, about 288 noncoal mining projects are still hanging fire and drilling by exploration agencies is falling short of targets. According to government data released last month, of these 288... 

Pan African investigating R1.7bn gold tailings project 

By: Martin Creamer     21st September 2016 Gold mining company Pan African Resources is investigating a large gold tailings retreatment project at its Evander mines in Mpumalanga. Underwritten proposals have been received for the full financing package for the Elikhulu project, which will require an estimated capital expenditure of... 

Pan African investigating R1.7bn gold tailings project
Pan African CEO Cobus Loots outlines growth plans to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. 21.9.2016

Edenville’s Rukwa financial model complete

By: Anine Kilian     21st September 2016 Independent power modelling consultancy Diamond Energy has completed a new financial model for Aim-listed Edenville Energy’s Rukwa coal-to-power project, in Tanzania. The new financial model builds on and validates the results and integrity of the financial model compiled from the results of the... 

Pan African profit soars, dividend increased

By: Martin Creamer     21st September 2016 A year of record gold production has resulted in the Pan African Resources group delivering an outstanding set of results. In the 12 months to June 30, the gold mining operations of the London- and Johannesburg-listed company saw particularly outstanding performance from its Evander mines, which... 

Pan African profit soars, dividend increased
Photo by Duane Daws
Pan African CEO Cobus Loots

Futuregrowth seeks ‘right side of history’ with clean coal

By: Bloomberg     21st September 2016 Futuregrowth Asset Management, South Africa’s largest specialist fixed-income money manager, said it won’t participate in funding of coal-fired power generation until the industry develops environmentally sustainable methods of operating. The decision is based on the company’s investment... 

After 40 years of boom, bust hits America’s cowboy coal basin

By: Bloomberg     21st September 2016 The last bastion of the American coal industry has been breached. The bust that’s devastated Appalachia for five years has finally reached cowboy country’s Powder River Basin. For four decades, the 300-mile corridor stretching from Wyoming north into Montana thrived on the strength of the cleaner... 

Glencore/Adani strike Abbot Point deal

By: Esmarie Swanepoel     21st September 2016 Diversified miner Glencore and Indian major Adani have agreed to terms on the future operation of the Abbot Point coal terminal in Queensland. Abbot Point currently has one operating terminal, the Adani Abbot Point terminal. The Indian major in 2011 acquired a 99-year lease from the Queensland... 

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

SA’s cost-of-doing-business ranking badly down – Chamber
Chamber of Mines CEO Roger Baxter

New Hope widens loss in FY16

By: Esmarie Swanepoel     20th September 2016 Coal miner New Hope Group has deepened its net loss after tax for the 2016 financial year from A$21.8-million in 2015, to A$53.7-million. The miner reported on Tuesday that earnings before interest, tax, depreciation and amortisation (Ebitda) decreased by 38.8% to A$81.3-million in the... 

New Hope widens loss in FY16

Conservation group appeals Adani coal mine ruling

By: Creamer Media Reporter      19th September 2016 The Australian Conservation Foundation (AFC) on Monday lodged an appeal against the Federal Court’s decision last month that the approval of Indian conglomerate Adani’s Carmichael coal mine had been lawful. The Federal Court last month dismissed the AFC’s application to block the coal mine from... 

Previously rejected Anglo American coal project wins NSW govt backing

By: Mariaan Webb     19th September 2016 The previously rejected Anglo American Drayton South coal project has received backing from the New South Wales Department of Planning and Environment, angering horse breeders in the Hunter Valley, who are opposed to the opencut mine expansion. The Planning Department has recommended that the... 

Previously rejected Anglo American coal project wins NSW govt backing

Japan steelmakers suffer from China cuts as coal tops $200

By: Bloomberg     19th September 2016 Japan’s steelmakers are set to pay for China’s effort to manage its coal industry as a surge in metallurgical prices flow through to quarterly supply contracts. Spot hard coking coal has more than doubled this year to trade above $205 a metric ton and the gain will be taken into consideration... 

Third Universal Coal project fully permitted

By: Esmarie Swanepoel     19th September 2016 Coal miner Universal Coal is poised to pull the trigger on its third coal project in South Africa, announcing on Monday that it had received all the necessary licences to develop its Brakfontein thermal coal project, near Delmas in Mpumalanga. The project has all the permits required for... 

MCA defends Australia’s coal industry as TAI calls for moratorium

By: Esmarie Swanepoel     19th September 2016 The Minerals Council of Australia (MCA) has labelled analysis by The Australia Institute (TAI), which claims that the economic impacts of a moratorium on new coal mines and expansions will be “small”, as “nonsense”. Responding to a TAI report on a coal moratorium to allow for a “gradual phase... 

MCA defends Australia’s coal industry as TAI calls for moratorium

Burgh Group, Vitol to acquire Tegeta’s stake in RBCT

By: Megan van Wyngaardt     16th September 2016 A consortium comprising investment company Burgh Group and energy group Vitol has agreed to acquire Optimum Coal Terminal (OCT) from Gupta-owned Tegeta for an undisclosed sum. OCT has a 7.61% shareholding in the Richards Bay Coal Terminal (RBCT).  

Burgh Group, Vitol to acquire Tegeta’s stake in RBCT

Edenville’s Rukwa project progressing into second-stage ESIA

By: Anine Kilian     16th September 2016 Aim-listed Edenville Energy hopes to complete the second stage of its environmental and social impact assessment (ESIA) for the Tanzania-based Rukwa coal-to-power project in the fourth quarter of the year. CEO Rufus Short noted in a statement on Friday that this stage of the ESIA was nearing... 

Vitol said to reach deal over South Africa coal-terminal rights

By: Bloomberg     16th September 2016 Vitol SA has reached an agreement with a company in which a stake is held by the Gupta family, who are friends of South Africa’s President Jacob Zuma, for the right to export coal from South Africa’s Richards Bay Coal Terminal, according to a person familiar with the transaction. The deal between... 

Vitol said to reach deal over South Africa coal-terminal rights

Prices are flying for the commodities Anglo wants to ditch

By: Bloomberg     16th September 2016 Anglo American, the century-old mining firm seeking to cut debt, is getting an unexpected windfall from the commodities it wants to ditch. When Anglo announced a plan in February to shrink its business by more than half to weather a crisis in raw-material prices, it put coking and thermal coal... 

Allegiance makes a play for Canadian firm

By: Esmarie Swanepoel     16th September 2016 ASX-listed Junior Allegiance Coal has moved to acquire a private Canadian company in a deal valued at A$1.25-million. Allegiance told shareholders on Friday that it had entered into a conditional binding agreement to acquire Telkwa Coal, whose sole asset is a farm-in agreement over an advanced... 

US mining industry in flux as policy, economic and enviro challenges force change

By: Henry Lazenby     16th September 2016 The outcome of the November 2016 US Presidential election will not reverse the decline in the US mining industry’s value, as the beleaguered coal industry continues to face market headwinds. Rather, the results will determine the trajectory of environmental regulations and, therefore, raise or... 

US mining industry in flux as policy, economic and enviro challenges force change

Aus alarm launched in South Africa

By: Nadine James     16th September 2016 Mining safety solutions company Nautitech Mining Solutions has launched an alarm system based on thermal analytics. The associated camera has the ability to positively identify personnel that are within the hazardous areas. The Australian company, which introduced its products to the South... 

Aus alarm launched in  South Africa
DANGER ZONE The alarm system enables the thermal camera system to positively identify a person in or in close proximity to a hazardous area

Australian company secures agreement for BCB plant in Witbank

     16th September 2016 Australian coal company White Energy’s River Energy joint venture (JV) with investment firm Black River Asset Management has entered into an agreement with a major Witbank coal mine to build a binderless coal briquetting (BCB) plant. White Energy announced in June that, while the major commercial... 

Australian company secures agreement for BCB plant in Witbank
CESSNOCK BCB TEST PLANT The binderless coal briquetting plant is used to turn an environmental liability into a revenue stream

Consultant promotes technology over subsidies to ensure sustainability

By: Nadine James     16th September 2016 Coal mining companies need to embrace the technological revolution if they are to overcome current challenges, including lower commodity prices, rising labour costs and increased regulatory pressures, says commodity and industrial consulting firm Bryanston Resources. According to Bryanston... 

Consultant promotes technology over subsidies  to ensure sustainability
LORENZO TENCATI It is technology, not government subsidies, that will add value to the South African mining industry

Electronic equipment supplier attends Limpopo mining exhibition

     16th September 2016 Global engineering solutions distributor RS Components SA attended the Mining & Technical Travelling Exhibition (MTE) Lephalale Mining and Industrial Expo on September 1, at the Mogol Club in Lephalale, in Limpopo, home to Grootegeluk, one of the largest opencast coal mines in the world, along... 

Electronic equipment  supplier attends Limpopo mining exhibition
GROOTEGELUK COAL MINE The Lephalale mine is one of the largest opencast coal mines in the world
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