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Coal News

Miranda Mineral Holdings to sell noncore Sesikhona Klipbrand colliery

By: Megan van Wyngaardt     Updated 4 hours ago JSE-listed Miranda Mineral Holdings, together with its wholly-owned subsidiary Miranda Coal, will sell its 73% shareholding in Sesikhona Klipbrand colliery, in KwaZulu-Natal, to Osho SA Coal for R5-million, payable in two tranches. The parties are currently involved in litigation arising from the... 

Brown to set up Eskom corruption probe headed by retired judge

By: Terence Creamer     Updated 7 hours ago Public Enterprises Minister Lynne Brown has announced that she will institute a “broad scope” investigation into allegations of corruption currently hanging over State-owned electricity producer Eskom. The terms of reference and form of the investigation were still to be finalised, but Brown... 

Brown to set up Eskom corruption probe headed by retired judge
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Adani's $16.5bn Aussie mine rattled by tax deal delay

By: Bloomberg     25th May 2017 India’s Adani Group could walk away from its $16.5-billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan. The Queensland government’s failure to agree the terms of the royalty regime... 

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

By: Esmarie Swanepoel     25th May 2017 ASX-listed Yancoal Australia has made a tag-along offer to acquire Mitsubishi Development’s 32.4% interest in the Hunter Valley operations for $710-million. The tag-along offer fulfilled Yancoal’s obligation to Mitsubishi under the sale and purchase agreement for Yancoal’s $2.45-billion buy of... 

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

Coal India wins tax-cut boost as environmentalists fret

By: Reuters     25th May 2017 State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies. The world's third-largest greenhouse gas emitting country said... 

Polish coal miner JSW returns to profit in first quarter

By: Reuters     25th May 2017 Poland's JSW, the European Union's biggest coking coal producer, reported on Wednesday it made a net profit of 864.53-million zlotys ($231.3-million) in the first quarter, thanks to a surge in coal prices and cost cutting. Analysts had expected JSW to report a net profit of 744-million zlotys,... 

Opinion: PBMRs could be built in old power stations due to be decommissioned

     25th May 2017 The African Utility week saw an important and welcome announcement. Eskom’s Chief nuclear officer revealed that Eskom was reconsidering the Pebble Bed Modular reactor (PBMR). For whatever reason, work on this ground-breaking project was stopped by the South African Government in 2010. The latest... 

Opinion: PBMRs could be built in old power stations due to be decommissioned
Rob Jeffrey

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Mgojo elected president as chamber heads for new beginning, new name, rebranding
Photo by Duane Daws
New Chamber of Mines of South Africa president Mxolisi Mgojo

Wescoal’s Khanyisa Complex produces first coal

By: Megan van Wyngaardt     24th May 2017 JSE-listed Wescoal has received regulatory approval from the Department of Mineral Resources to start producing at its expanded Khanyisa colliery, in Mpumalanga. The company on Wednesday said mining activities have started in the Khanyisa Catwalk, as well as the adjacent Khanyisa Triangle areas... 

Petmin subsidiary Tendele still in legal dispute with former customer

By: Megan van Wyngaardt     24th May 2017 JSE-listed Petmin on Wednesday said its Tendele Coal Mining subsidiary’s litigation against a former customer, including the High Court action, was still ongoing. Tendele Coal Mining is involved in legal proceedings with one of its former customers pertaining to disputes arising from a supply of... 

India assures domestic coal supply to plants based on imported feedstock

By: Ajoy K Das     24th May 2017 India’s Coal Ministry has laid down rules to ensure coal supply to thermal power plants that were constructed based on imported coal, as part of a strategy to achieve ‘zero dependency’ on coal imports over the next three years. Rules and guidelines for supplying the thermal power generation... 

Company climate risk disclosure could become mandatory in a few years

By: Reuters     23rd May 2017 Companies' disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on Tuesday. Investors have urged companies, particularly those operating in the oil, gas and coal sectors, to disclose the... 

Queensland coal mining jobs growing again

By: Esmarie Swanepoel     23rd May 2017 Stronger commodity prices have resulted in an increase in the number of jobs in the coal exploration sector, with new data from the Queensland government revealing that employment in the sector had grown by more than 3 000 in the six months to November. “Coal mining jobs are up 9% to 22 000 and... 

Queensland coal mining jobs growing again

Anglo said to have bids in for New Largo from Seriti

By: Bloomberg     22nd May 2017 Anglo American has received bids for its New Largo project, in South Africa, as the company continues efforts to exit operations in the country that supply coal to local power plants, according to two people familiar with the process. Seriti Resources, which agreed last month to buy thermal coal... 

Adani defers Australian coal project investment decision

By: Reuters     22nd May 2017 India's Adani Enterprises on Monday deferred a final investment decision on its long-delayed Australian Carmichael coal project as the Queensland state government has yet to sign off on a royalty deal for the mine. The company had been planning to make a final investment decision (FID) on the... 

Eskom questions timing of Ramatlhodi’s claims

By: Megan van Wyngaardt     19th May 2017 Eskom chairperson Ben Ngubane on Friday said former Mineral Resources Minister Ngoako Ramatlhodi’s claims that he was placed under pressure by the parastatal to carry out certain decisions were “barefaced lies”. Earlier this week, Ramatlhodi said Eskom CEO Brian Molefe and Ngubane had, in 2015,... 

Edenville signs LoI with potential Rukwa customer

By: Megan van Wyngaardt     19th May 2017 Aim-listed coal miner Edenville Energy has signed a letter of intent (LoI) to initially supply just over 1 000 t/m of coal to a customer, from its Rukwa operations in Tanzania. The supply volumes could potentially rise to 7 000 t/m as the operation expands. 

Adani vows to pay ‘every cent’ owed to Qld as talks of royalty holiday emerge

By: Esmarie Swanepoel     19th May 2017 Indian major Adani is reportedly in talks with the Queensland government over a “royalty holiday” for its $16.5-billion Carmichael coal project. Local media reports state that the proposed agreement will see Adani pay just A$2-million a year in royalties once the project starts operating, with... 

Adani vows to pay ‘every cent’ owed to Qld as talks of royalty holiday emerge

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Alcohol, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

Implats trial of safety packed drill rig imminent 

By: Simone Liedtke     19th May 2017 The Safe Quality Stoping (SQS) face advance drill rig from Brits-based mining machinery manufacturer GST Drilling will be trialled at platinum miner Impala Platinum’s (Implats’) E&F operation, in Rustenburg, South Africa, in the next few weeks. “This trial represents the modernisation of mining... 

Implats trial of safety  packed drill rig imminent
Safe Quality Stoping (SQS) face advance drill rig from Brits-based mining machinery manufacturer GST Drilling and original-equipment developer Scamont Engineering is being demonstrated. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

KZN coal mine supplying communities’ water needs and more, mulls output expansion 

By: Ilan Solomons     19th May 2017 The Zululand region of KwaZulu-Natal was afflicted by what the Department of Water and Sanitation described as the “worst drought in a century” in 2016 and is still a water scarce area of the country. Helping neighbouring communities survive this disaster, investment company Menar Holding’s... 

KZN coal mine supplying communities’ water needs and more, mulls output expansion
Zululand anthracite colliery discusses the importance it places on providing potable water for the local communities, as well as provides a mining operational update. Camerawork: Nicholas Boyd. Editing: Darlene Creamer.

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

Report sketches optimistic outlook for BC mining sector

By: Creamer Media Reporter      17th May 2017 The mining industry in British Columbia is cautiously optimistic as prices of key metal and resource commodities either rose or stabilised in 2016, new analysis by professional services firm PwC Canada has found. The trend continued into the first quarter, building on net mining revenues rising... 

Qld seeks to improve black lung screening with new standards

By: Esmarie Swanepoel     17th May 2017 The Queensland government has introduced new accreditation standards for people conducting the compulsory lung function test on the state’s 30 000 coal miners, as part of its reform to tackle black lung disease. “The new standards will ensure quality tests, so if a coal mine worker has lung... 

Qld seeks to improve black lung screening with new standards
QRC CEO Ian Macfarlane

Colombia's mining sector could receive $1.5bn/y over 5 years

By: Reuters     16th May 2017 Mining could become Colombia's economic growth engine with investments of at least $1.5-billion a year over the next five years if the government guarantees legal certainty to businesses, the industry's top representative said on Tuesday. Major mining companies are urging the government to... 

Colombia coal output up 3% in first quarter

By: Reuters     16th May 2017 Colombia's coal output rose 3% to 22.2-million tonnes in the first quarter of this year, compared with the same period in 2016, the national mining agency said in a statement on Tuesday. 

Mining Charter 3 to be gazetted within weeks – Zwane

By: Anine Kilian     16th May 2017 The third iteration of South Africa’s Mining Charter will be gazetted within weeks, Mineral Resources Minister Mosebenzi Zwane said on Tuesday. Addressing a media briefing ahead of the Department of Mineral Resources’ budget vote debate, Zwane said the charter, which was supposed to have been... 

Mining Charter 3 to be gazetted within weeks – Zwane
Photo by Duane Daws
Mosebenzi Zwane

Coal India makes supply agreements more flexible

By: Ajoy K Das     16th May 2017 India’s largest coal miner, Coal India Limited (CIL), has loosened restrictions on its fuel supply agreements (FSAs) with provincial- and central government-owned thermal power companies. The more flexible FSAs allow companies to swap coal allocated between power stations and will enable power... 

Former South African mines minister says Eskom tried to influence him

By: Reuters     16th May 2017 Former South African mines minister Ngoako Ramatlhodi said on Tuesday, without giving evidence, that power utility Eskom's CEO and chairperson asked him in 2015 to suspend Glencore's mining licences to put pressure on the commodities firm to sell a coal mine. Khulani Qoma, a spokesperson for... 

Qld transfers Blair Athol lease

By: Esmarie Swanepoel     16th May 2017 The Queensland government has completed the transfer of the Blair Athol mining lease to ASX-listed TerraCom subsidiary Orion Mining. “The completion of transfer of the Blair Athol mining lease is not only great news for TerraCom, but is great news for the community of Claremont and the state of... 

Coal market oversupply risks grow as producers boost output

By: Reuters     16th May 2017 The risk of oversupply in the global coal market is growing as suppliers respond to higher prices, though power demand in countries such as Indonesia may absorb some extra output, producers and analysts said. The global coal market is forecast to see oversupply of 16-million tonnes this year,... 

Eskom demands R6.2bn from Mpumalanga coal supplier

By: African News Agency      15th May 2017 Eskom is demanding R6.2-billion from Mpumalanga billionaire pastor and coal baron Ramesh Joe Singh after his firm Just Coal supplied the power utility’s Tutuka Power Station with sub-optimal coal worth R5.8-billion. The poor-quality coal put the operations of Tutuka Power Station at risk. 

Despite navigating murky waters, coal junior Buffalo swings back into the black as coal prices rise

By: Henry Lazenby     12th May 2017 Dual-listed, high-quality coal producer Buffalo Coal has swung back to profit for the first three months of 2017, boosted by improving demand for its anthracite and bituminous coal. The Johannesburg-based junior public company, with listings on the TSX-V and the JSE’s AltX exchanges and... 

Brown defends shock Molefe reinstatement, as Koko takes leave amid forensic probe 

By: Terence Creamer     12th May 2017 Public Enterprises Minister Lynne Brown has defended her decision to accept the Eskom board’s much-criticised recommendation that Brian Molefe be reinstated as CEO and see out his five-year contract to 2020 on the basis that it offered “better value” than the alternative of paying him a... 

Brown defends shock Molefe reinstatement, as Koko takes leave amid forensic probe
Photo by Duane Daws
Public Enterprises Minister Lynne Brown
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