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Coal News

Whitehaven reports solid coal sales

By: Esmarie Swanepoel     16th January 2017 ASX-listed Whitehaven Coal, which mines in New South Wales' Gunnedah basin, has reported record quarterly and half-year metallurgical coal sales for the three and six months ended December. The miner reported on Monday that quarterly metallurgical coal sales had reached 1.2-million tonnes in the... 

Kibo receives second-stage environmental approval for MCPP

By: Megan van Wyngaardt     16th January 2017 Tanzania’s National Environmental Management Council (NEMC) has approved dual-listed Kibo Mining’s Mbeya coal mine and power plant’s environmental- and social-impact assessment (Esia) scoping reports. This concluded the second stage of three required during the statutory Esia approval process and... 

Probe into Indian coal mine disaster likely to be expanded

By: Ajoy K Das     16th January 2017 The investigation into the Lalmatia coal mine disaster in India that killed 18 and injured scores of others may be expanded to include federal agencies. The mine collapse is being investigated by the Directorate General of Mines Safety (DGMS) and is being monitored by the Ranchi High Court.... 

China's top coal province to cut 20Mt of capacity in 2017 - Xinhua

By: Reuters     16th January 2017 China's top coal-producing province Shanxi will cut 20-million tonnes of output capacity this year, state news agency Xinhua reported. Tackling excess coal production capacity will remain the provincial government's priority in 2017, Xinhua quoted Shanxi Governor Lou Yangsheng as saying on... 

Coal’s recovery too good to resist for world’s biggest exporter

By: Bloomberg     13th January 2017 Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489-million metric tons this year, 18% above the government-mandated target, according to energy ministry... 

Coal’s recovery too good to resist for world’s biggest exporter

Corsa coal aims to double 2017 met coal sales

By: Henry Lazenby     13th January 2017 Despite steelmaking metallurgical coal prices correcting sharply since the start of the year, US miner Corsa Coal expects to double met coal sales in 2017, bolstered by the strong price rally for the bulk commodity over the past six months. Metallurgical coal-focused Corsa said Wednesday it... 

Wescoal ‘leaps’ into 2017 following a successful 2016

By: Natasha Odendaal     12th January 2017 With a successful 2016 under its belt, JSE-listed Wescoal is optimistic of the year ahead as it leverages a series of milestones and initiatives to support its aspirations for eight-million tons a year of run-of-mine (RoM) and its revenue diversification strategy. During the past year, Wescoal... 

Wescoal ‘leaps’ into 2017 following a successful 2016

Trial mining starts at Edenville’s Rukwa coal project

By: Megan van Wyngaardt     12th January 2017 Trial mining has started at Edenville Energy’s 120 MW Rukwa coal-to-power project, in Tanzania. The project hosts 171-million tons of measured and indicated coal, sufficient to support a power station over a 30-year project life. 

Obama plan to shake up coal leases could restrict Trump

By: Bloomberg     12th January 2017 The outgoing Obama administration issued a blueprint for overhauling the way coal on federal land is sold, making it tougher for President-elect Donald Trump to resume sales under decades-old procedures. The report released Wednesday lays out a menu of potential options for policy makers to... 

BMI bumps up US coal outlook despite poor fundamentals

By: Henry Lazenby     12th January 2017 US coal production growth is forecast to be 1.5% in 2017 and 2% in 2018, up from previous forecasts of a respective contraction of 4% and 3% over the same periods, Fitch-affiliated market analyst BMI Research said in a recent trend analysis. “We have revised upward our US coal production growth... 

BMI bumps up US coal outlook despite poor fundamentals

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

High Court exposes DMR as incompetent, irrational investment obstructor

Shumba, HMS Bergbau sign exclusive marketing agreement

By: Megan van Wyngaardt     10th January 2017 Botswana-based energy development company Shumba Energy has signed a binding memorandum of understanding (MoU) with HMS Bergbau Africa, a subsidiary of German trading house HMS Bergbau. Under the terms of the agreement, the latter will be responsible for the exclusive marketing of all export... 

Shumba, HMS Bergbau sign exclusive marketing agreement

Whitehaven downgrades Narrabri expectations

By: Esmarie Swanepoel     10th January 2017 Coal miner Whitehaven Coal has lowered its production targets for its Narrabri longwall operation, in New South Wales, as a result of geotechnical issues at the mine. Whitehaven lowered the production estimate for Narrabri from the original 8-million tonnes to 8.3-million tonnes, to between... 

DoE extends comment period for energy plans to end of March 

By: Terence Creamer     9th January 2017 The Department of Energy (DoE) has formally extended the period for public comment on the draft Integrated Energy Plan (IEP) and the draft Integrated Resource Plan (IRP) base case until March 31. The closing date for written comment was initially set as February 15, after the two plans were... 

DoE extends comment period for energy plans to end of March

Prospective Mongolian rail line proves feasible

By: Esmarie Swanepoel     9th January 2017 Initial feasibility studies into the Erdenet to Ovoot railway, in Mongolia, have determined the project to be feasible, ASX-listed Aspire Mining has reported. The company told shareholders on Monday that the railway servicing the proposed Ovoot coking coal project would require a capital... 

China top coal province sets out consolidation plan

By: Reuters     9th January 2017 China's Shanxi province, the country's top coal producer, plans to cap output and consolidate the industry around big producers over the next four years in a bid to boost effiency, according to a blueprint by the provincial government. Major producers will be set up with a separate focus on... 

India persists with setting higher coal production targets despite offtake slowdown

By: Ajoy K Das     9th January 2017 Despite falling offtake and missed targets, India’s Coal Ministry is likely to persist with setting higher production targets for Coal India Limited (CIL) for 2017/18. Indications from key Ministry officials point towards a production target of 660-million tons a year during the next financial... 

Consumers to feel impact of Victoria brown coal royalty rate hike – MCA

By: Esmarie Swanepoel     9th January 2017 The Minerals Council of Australia (MCA) has slammed plans by the Victorian government to raise the royalty rate for brown coal extracted in the state. Treasurer Tim Pallas in April 2016 announced the royalty rate increase, which came into effect on January 1 this year. The brown coal industry... 

Kibo Mining unfazed by management restructuring at Tanzanian Electric Supply Company

By: African News Agency      5th January 2017 Kibo Mining has said that it was not fazed by the ongoing changes and restructuring at the Tanzanian Electric Supply Company (Tanesco) which were seen as threatening to its Mbeya Coal to Power Project (MCPP). This comes after Tanzania president John Magufuli promptly sacked Tanesco MD Felchesmi... 

Kibo Mining unfazed by management restructuring at Tanzanian Electric Supply Company

Court dismisses Afriforum’s interdict, Eskom to cut off defaulting municipalities

By: African News Agency      5th January 2017 The North Gauteng High Court on Thursday dismissed with costs AfriForum’s application to prevent Eskom from cutting off power of more than seven municipalities who are billions of rand in arrears. This comes after AfriForum and AfriBusiness sought to interdict Eskom’s planned reduction of the... 

Court dismisses Afriforum’s interdict, Eskom to cut off defaulting municipalities

South Africa's Eskom to meet coal supplier over drop in black ownership

By: Reuters     4th January 2017 South Africa's state-owned power producer Eskom will meet with Exxaro Resources after the coal producer approved a transaction that will see its black ownership drop to 30% from over 50%, the utility said on Wednesday. The diversified miner said in November it planned to replace its existing... 

South Africa's Eskom to meet coal supplier over drop in black ownership

Indian coal mine death toll rises to 16, some still trapped

By: Reuters     3rd January 2017 The death toll in an Indian coal mine collapse rose to 16 on Saturday and could rise further, officials said, as some people are still feared trapped at a coalfield run by state-owned Coal India Limited. The accident occurred in Jharkhand state on Thursday evening at the Lalmatia mine, one of the... 

Indian coal mine death toll rises to 16, some still trapped

At least 9 killed, many trapped in Indian coal mine collapse

By: Reuters     30th December 2016 At least nine Indian miners were killed and nearly two dozen trapped when mine waste collapsed at a coalfield run by state-owned Coal India, officials said on Friday, hitting production at one of the country's largest mines. The accident occurred in Jharkhand state on Thursday evening at the... 

Eskom’s excess generation capacity builds as Kusile Unit 1 ties-in to national grid 

By: Henry Lazenby     28th December 2016 South Africa’s electricity utility Eskom has connected the first power-generating unit of the new Kusile coal-fired power station, in Mpumalanga; reaching the milestone ahead of schedule and adding 800 MW to further stabilise the energy grid. In a statement Tuesday, Eskom said it is making... 

Eskom’s excess generation capacity builds as Kusile Unit 1 ties-in to national grid

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

Coal traders see end of price rally as China ramps up output

By: Bloomberg     22nd December 2016 Coal’s recovery was one of the biggest surprises in commodities this year, but it is all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80% as China, also the world’s biggest consumer of the... 

Coal traders see end of price rally as China ramps up output

Kibo secures $2.9m forward payment facility for Mbeya project

By: Ilan Solomons     21st December 2016 Tanzania-focused mineral exploration and development company Kibo Mining has entered into a binding term sheet with UK-based private equity provider Sanderson Capital Partners for a new $2.9-million forward payment facility. The facility provides for Kibo to be advanced part of the $3.6-million... 

Kibo secures $2.9m forward payment facility for Mbeya project

Kibo signs EPC contract with Sepco III

By: Megan van Wyngaardt     19th December 2016 Following months of talks, dual-listed Kibo Mining has awarded the engineering, procurement and construction (EPC) contract for its Mbeya coal-to-power project (MCPP), in Tanzania, to Shandong Electric Power Construction Corporation III (Sepco III) Kibo CEO Louis Coetzee on Monday said the... 

Kibo signs EPC contract with Sepco III

Universal Coal to start opencast mining at NCC

By: Megan van Wyngaardt     19th December 2016 ASX-listed Universal Coal has received sufficient debt funding to start second phase opencast operations at its New Clydesdale colliery (NCC), in the Witbank coal basin. The company now aims to start the operations in January, following the start-up of underground operations, which delivers... 

South32 ups coal production guidance, costs for 2017

By: Megan van Wyngaardt     19th December 2016 Triple-listed diversified miner South32 on Monday changed its 2017 full year guidance for the production of saleable coal from its Illawarra metallurgical coal operation from 7.9-million tonnes to 8.1-million tonnes. The miner noted that while it has stabilised ground conditions at the mine’s... 

South32 ups coal production guidance, costs for 2017

Atrum raises funds for Groundhog North

By: Esmarie Swanepoel     16th December 2016 Coal junior Atrum Coal will raise A$13.5-million through a share placement to institutional and sophisticated investors. The company on Friday reported that it will issue some 27-million shares, at a price of 50c each, to raise the funds. 

Things beginning to look up for Brazilian miner in Mozambique

By: Keith Campbell     15th December 2016 In a recent presentation to the New York Stock Exchange, Brazilian major mining group Vale reported on progress at its Mozambican operations. These comprise the Moatize coal mine and the Nacala Logistics Corridor. Moatize is primarily a metallurgical, or coking, coal mine while the Nacala... 

Edenville Energy mulls most viable power plant route

By: Natasha Odendaal     14th December 2016 A host of proposals from various engineering, procurement and construction (EPC) companies has enabled Edenville Energy to carefully review options for the most financially viable route to build a power plant at its Rukwa coal-to-power project, in Tanzania. The group on Wednesday said several... 

Stanmore raises A$15m in share placement

By: Esmarie Swanepoel     14th December 2016 ASX-listed Stanmore Coal has raised A$15-million through a share placement, that will fund an accelerated pre-stripping programme and build inventory stockpiles at its Queensland assets. The company placed 27.3-million shares, priced at 55c each, to raise the funds. 

Stanmore raises A$15m in share placement

Global base metals, US coal and steel prices stabilising – Moody's

By: Henry Lazenby     14th December 2016 The 2017 outlooks for the global base metals, US steel and US coal industries remain stable for the next 12 to 18 months, according to Moody's Investors Service. In a report released Tuesday, the ratings agency said that weak macroeconomic indicators would limit upside movement in the base metals... 

Indian coal market skewed by demand-supply gap, low offtake

By: Ajoy K Das     13th December 2016 The Indian domestic coal market is showing divergent trends of falling production and a demand-supply gap at the aggregate level, coupled with falling offtake from bulk consumers. The government’s policy of achieving ‘zero imports’ was also contributing towards skewing the market dynamics,... 

Coal demand growth to stall as appetite wanes, according to IEA

By: Natasha Odendaal     12th December 2016 As appetite for other energy sources gain momentum, with the fast growth of renewables and a strong focus on energy efficiency, growth in global coal demand is expected to stall over the next five years, the International Energy Agency’s (IEA’s) latest ‘Medium-term Coal Market’ report shows.... 

Coal demand growth to stall as appetite wanes, according to IEA
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