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South Africa's main coal terminal stops releasing export data

By: Reuters     Updated 1 hour 12 minutes ago 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... 

Maules Creek to rail ahead of schedule

By: Esmarie Swanepoel     Updated 2 hours 28 minutes ago 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

Whitehaven aims to speed up opening of new Australia coal mine

By: Reuters Whitehaven Coal Ltd is looking to speed up construction of its Maules Creek coal project, the biggest now under way in Australia, so it can start exporting earlier than March 2015 and bolster its revenue as it faces depressed coal prices. Construction on the A$767-million ($667-million) project... 

Whitehaven production surges in Sept quarter

By: Esmarie Swanepoel Coal production for New South Wales-focused Whitehaven Coal surged by 30% during the three months ended September, as its Narrabri mine set new quarterly records. Managed run-of-mine (ROM) production for the quarter reached 3.4-million tonnes, up 30% on the previous corresponding period, while... 

Universal reports strong quarter from Kangala

By: Esmarie Swanepoel The Kangala colliery, in South Africa, exceeded production expectations during the September quarter, owner Universal Coal reported on Wednesday. The ASX-listed miner said that during the three months under review, the Kangala mine delivered 580 007 t of run-of-mine (ROM) coal, up from the... 

Balamara reports maiden resource in Poland

By: Esmarie Swanepoel ASX-listed junior Balamara Resources on Wednesday announced a maiden Joint Ore Reserves Committee- (Jorc-) complaint resource at the Mariola thermal coal project, in Poland. The project was estimated to host an indicated resource of 43.6-million tonnes and an inferred resource of 33.5-million... 

Tigers Realm Coal near triples Russian resource

By: Esmarie Swanepoel ASX-listed Tigers Realm Coal has reported a 170% increase in the resource of its Amaam North project, in Russia. The project was now estimated to host about 72.3-million tonnes of coal, with 12.6-million tonnes classified as measured, 13.2-million tonnes as indicated and the remaining... 

Coal futures drop below $72 for first time since March 2009

By: Reuters European thermal coal futures dropped below $72/t for the first time since March 2009, on weakening demand from the region's biggest economy, Germany, and rising output from miners worldwide. 

Coal futures drop below $72 for first time since March 2009

S Africa considers declaring certain minerals as 'strategic'

By: Reuters South Africa's mines minister Ngoako Ramatlhodi said on Tuesday he was considering declaring certain minerals such as coal and iron-ore as "strategic" for the country. "We haven't classified any but it is provided for under the mineral bill which is before the president. If that bill is signed... 

S Africa considers declaring certain minerals as 'strategic'
Photo by Duane Daws
Mineral Resources Minister Ngoako Ramatlhodi

Kibo shares lift on prospect of study spawning early gold production

By: Martin Creamer The share price of Kibo Mining rose by more than 11% in Johannesburg on Tuesday on the prospect of a commenced definitive feasibility study opening the way for early gold production at the company’s Imweru prospect, in Tanzania. The six-year-old Aim- and AltX-listed exploration and development... 

Kibo shares lift on prospect of study spawning early gold production
Kibo CEO Louis Coetzee

Continental Coal admission to trading on the Aim to be cancelled

By: Leandi Kolver South Africa-focused coal miner Continental Coal on Tuesday announced that as it was unable to restore its securities to trading on the Aim in the short term, and the company’s shares had been suspended for more than six months, its admission to trading on the Aim would be cancelled, effective... 

Eskom grid study highlights major future shifts in power-flow patterns 

By: Terence Creamer The transmission unit of South African electricity utility Eskom has completed a strategic grid study for the period to 2040. The study signals major shifts in future generation and demand patterns that will have implications for the domestic network and future investment decisions. Strategic... 

Eskom grid study highlights major future shifts in power-flow patterns
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