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Falling coal prices affects Qld budget

By: Esmarie Swanepoel Falling commodity prices have forced the Queensland government to slash nearly a A$1-billion from forecast state revenues for 2014/15. Treasurer Tim Nicholls on Thursday revised the full year revenue from t he previous A$50.1-billion to A$49.1-billion, to reflect the weaker outlook for coal... 

US District Court dismisses class action against Turquoise Hill Resources

By: Henry Lazenby A US District Court judge had on Tuesday dismissed a consolidated putative securities class action lawsuit that had been filed in the Southern District of New York against Rio Tinto subsidiary Turquoise Hill Resources and certain of its officers and directors, in December last year. Turquoise... 

CoAL extends mine sale deadline, capital-raise timeframe

By: Martin Creamer The deadline for the disposal of the Mooiplaats colliery by the triple-listed Coal of Africa Limited (CoAL) as well its capital-raising timeframe have been extended out. Johannesburg, London and Sydney-listed CoAL said on Wednesday that it had agreed to give suitor Blackspear Capital more time to... 

CoAL extends mine sale deadline, capital-raise timeframe
Photo by Duane Daws
David Brown

Anglo focuses on safety at Grasstree

By: Esmarie Swanepoel Mining major Anglo American said this week that the company would only look to re-open the Grasstree coal mine, in Queensland, once the safety of personnel could be assured. Operations at the mine were suspended last week after a contractor was killed on site. 

Universal on track for Roodekop delivery

By: Esmarie Swanepoel South Africa-focused coal miner Universal Coal said on Wednesday that it was on track to deliver the Roodekop mine and the New Clydesdale colliery, by 2015. The combined operations would have an installed capacity of more than 6.25-million tonne a year, and an expected run-of-mine production of... 

Maules Creek ships three months ahead of schedule - Whitehaven

By: Esmarie Swanepoel The Maules Creek mine, in New South Wales, was posed to deliver its first coal train this week, some three months ahead of schedule, owner Whitehaven Coal said on Wednesday. Following a test train earlier this week, coal from the Maules Creek mine was now poised to leave for the port at Newcastle. 

Patriot Coal reports fatality at Highland mine, Kentucky

By: Henry Lazenby US coal miner Patriot Coal on Tuesday reported a fatality at its Highland mine, located near Henderson, Kentucky. Patriot said 34-year old Eli Eldridge was fatally injured on Tuesday when he was struck by a coal hauler while working underground. 

SunCoke Energy to halve coal production, cut 175 jobs

By: Reuters SunCoke Energy, which produces coke used in steelmaking, said it would more than halve its annual coal production and cut 175 jobs due to weak prices. The company said it would reduce its annual coal production to 500 000 t from 1.1-million tons. 

ANC eyes State sell-off to ease power crunch

By: Reuters Financial problems at South Africa's Eskom have pushed the governing ANC to look into selling stakes in state companies to free up funds to update the utility and ease power blackouts. President Jacob Zuma's African National Congress has long been reluctant to sell company stakes to ease the... 

ANC eyes State sell-off to ease power crunch

CoAL names new directors as Murray exits

By: Natalie Greve Coal of Africa (CoAL) has appointed Andrew Mifflin and Thabo Mosololi as directors, effective December 12. This came as David Murray resigned as a director of the company, after serving as a member of the board for four years.  

Global mineral industry to converge on Toronto for exploration and mining’s largest annual convention

By: Creamer Media Reporter The Prospectors & Developers Association of Canada’s (PDAC) International Convention, Trade Show & Investors Exchange is set to once again take place in downtown Toronto from March 1 to 4, 2015. The PDAC Convention is the industry’s largest annual event that provides a world of opportunities for... 

No power cuts until Jan – Eskom

By: Sapa As South Africans prepare for the summer holiday with lazy days of parties and fine food, Eskom says there will not be any disturbances caused by power cuts. "As it stands and things don't change, the risk of load shedding is very low for today and the whole of December," the Eskom media desk... 

No power cuts until Jan – Eskom

Indonesia revises up coal output targets for 2014 and 2015

By: Reuters Indonesia has revised up coal output targets for 2014 and 2015, the mining ministry's coal director said on Friday, as the government increases its revenue target and miners boost volumes amid plummetting global coal prices. Coal production is expected to reach 450-million tonnes in 2014,... 

SA to sign fuel deals to tackle power crisis

By: Reuters South Africa will increase diesel and gas imports and sign a private sector coal-fired power plant deal as it seeks to halt chronic electricity shortages, the cabinet said on Thursday. The rand fell to its weakest level against the dollar in six years this week as a current account deficit and... 

SA to sign fuel deals to tackle power crisis

Waning investor confidence, weak commodity prices among factors limiting growth of African mining sector

By: Jade Davenport Along with the Arctic, sub-Saharan Africa remains the most underexplored and highly prospective mineralised region on earth. However, despite its ‘open for business’ approach and myriad investment opportunities – in terms of greenfield and brownfield projects across the commodity spectrum –... 

Waning investor confidence, weak commodity prices  among factors limiting growth of African mining sector

Another Indian miner set to start coal production in Mozambique

By: Keith Campbell Indian State-owned miner Coal India is to soon start mining in Mozambique, The Economic Times newspaper has reported from Kolkata (Calcutta). Although the company is a partner in another Indian miner, International Coal Ventures Limited (ICVL), which now owns and operates the Benga mine in... 

Billions invested to develop large mine assets

By: Ilan Solomons Once completed, diversified miner Glencore’s Tweefontein Optimisation Project (TOP), in Mpumalanga, would have mine assets worth several billion rands, which would be critical to ensure the success of the mine, said TOP GM Allen Butcher during Mining Weekly’s visit to the site last month. He... 

Billions invested to develop large mine assets
Photo by Duane Daws
ALLEN BUTCHER Tweefontein Optimisation Project recorded 5-million injury-free work hours between the period of November 2012 and February this year

Commissioning of GMEP and discards backfill project under way

By: Mia Breytenbach Materials handling consultancy LSL Consulting expects to complete commissioning of the major parts of its portion of the Grootegeluk Medupi Expansion Project (GMEP) and the discards backfill project at the Limpopo-based Grootegeluk coal mine, which is owned and operated by coal and heavy minerals... 

Commissioning of GMEP and discards backfill project under way
NEARING COMPLETION LSL Consulting expects to complete commissioning of the major parts of its portion of the Grootegeluk Medupi Expansion Project at the Grootegeluk coal mine this month

Company seeks to achieve fatality-free operations

By: Ilan Solomons Diversified miner Glencore’s Mpumalanga-based Tweefontein Optimisation Project (TOP) management team aims to ensure that no fatalities occur on site during the construction phase of the project and that this record is extended to the mine’s 26-year life-of-mine. “TOP’s management has placed... 

Company seeks to achieve fatality-free operations
Photo by Duane Daws
COAL PROCESSING The coal processing plant comprises a three-stage crushing process, which reduces the coal from about 1.5 m to less than 50 mm

Construction company close to completing R60-million contract

By: Ilan Solomons Medium-sized civil, earthworks and construction company M3 Construction Projects is nearing completion of a R60-million contract with diversified miner Glencore to develop mine site infrastructure at the Tweefontein Optimisation Project (TOP), in Mpumalanga, M3 site agent Darren Joubert tells... 

Construction company close to completing R60-million contract
M3 Construction Projects’ primary responsibility was the construction of ten motor control centre substations for the mine

Firm facilitating GMEP contract closeouts

By: Mia Breytenbach As coal and metals mining group Exxaro’s Grootegeluk Medupi Expansion Project (GMEP) nears completion, project management firm SSG Consulting will facilitate the contract closeouts of the various contractors and companies involved in the GMEP until the end of the year. SSG senior consultant at... 

Firm facilitating GMEP contract closeouts
KEY ACHIEVEMENT KEY360 has reached a record high of facilitating more than 11-million transactions for Exxaro’s Grootegeluk Medupi Expansion Project

GMEP a model for future Waterberg development-consultancy

By: Mia Breytenbach The model applied by mining and metals major Exxaro to its Grootegeluk Medupi Expansion Project (GMEP) 

GMEP a model for future Waterberg development-consultancy
MODEL POTENTIAL The success of the first Grootegeluk mine can be attributed to its supplying coal to State-owned power utility Eskom’s adjacent Matimba power station

Grootegeluk Medupi expansion nearing completion

By: Mia Breytenbach Coal and heavy minerals mining company Exxaro Resources’ Limpopo-based Grootegeluk Medupi Expansion Project (GMEP) is 97% complete, with total project costs still estimated at R10.2-billion, according to the company’s 2013 Integrated Report. The GMEP is a brownfield expansion project and forms... 

Grootegeluk Medupi  expansion nearing completion
RAMPING UP Exxaro noted in its interim results for the six months ended June 30 that optimisation and performance testing is in progress until full ramp-up

New hydraulic products could benefit GMEP

By: Mia Breytenbach Having supplied hydraulic cylinders, pumps and torque wrenches to State-owned power utility Eskom’s Medupi power station and coal and metals major Exxaro’s Grootegeluk-Medupi Expansion Project (GMEP) over the past three years, the South African branch of US-based high-pressure equipment company... 

Project supplies Eskom and export market

By: Ilan Solomons About 75% of the coal from diversified miner Glencore’s Mpumalanga-based Tweefontein Optimisation Project (TOP) will be exported through the private-sector-owned Richards Bay Coal Terminal (RBCT), in KwaZulu-Natal, while the rest will be supplied to State-owned power utility Eskom and other... 

Project supplies Eskom and export market
PIT PROGRESSION The coaling and associated materials handling at the Tweefontein Optimisation Project will be undertaken using truck and shovel mining methods

R8bn project on time and under budget

By: Ilan Solomons Diversified miner Glencore’s Tweefontein Optimisation Project (TOP) – a brownfield expansion of the existing Tweefontein operation − was on course to reach steady-state plant production of 12.4-million tons a year by August 2015, the company told Mining Weekly during a site visit last month.... 

R8bn project on time and under budget
YIELDING RESULTS The Tweefontein Optimisation Project’s yield will be about 60%, which will result in about seven-million tons of processed coal product

Subcontractor makes good on R400m contract

By: Ilan Solomons Multidisciplinary construction company SMEI Projects is progressing well towards completing its various projects totalling about R400-million for diversified miner Glencore’s Tweefontein Optimisation Project (TOP), in Mpumalanga. The company was initially contracted in 2012 to undertake an... 

Subcontractor makes good on R400m contract
SITE DEVELOPMENT SMEI has been contracted by DRA to supply steel and to undertake mechanical construction of the coal processing plant for Glencore’s Tweefontein Optimisation Project

Tighter coal market in sight – Glencore

By: Martin Creamer A natural tightening of the coal market as a result of demand catching up with supply will happen in the near future, says Glencore Coal CEO Peter Freyberg. Freyberg, who was addressing Glencore’s investor day, made the point that coal is not in the same over-supply situation as iron-ore and that... 

Tighter coal market in sight – Glencore
Photo by Bloomberg
Peter Freyberg

PFS results for power portion of Rukwa project ‘impress’ Kibo

By: Natalie Greve Two days after announcing that a first-stage definitive mining feasibility study (DMFS) for the coal-mining portion of its Rukwa coal-to-power project (RCPP), in Tanzania, had revealed four financially feasible options for project development, Kibo Mining said on Thursday that it had received the... 

PFS results for power portion of Rukwa project ‘impress’ Kibo

Australia may export uranium and coal to Ukraine

By: Esmarie Swanepoel Australian Prime Minister Tony Abbott on Thursday raised the possibility of Australia exporting uranium and coal to the Ukraine, in an effort to relieve its reliance on Russia for gas. Abbott said in a press conference that he had discussed the possibility of exports with Ukrainian President... 

Realm saves costs at Indonesian project

By: Esmarie Swanepoel A review of ASX-listed Realm Resources’ 51%-held Katingan Ria coal project, in Central Kalimantan, has resulted in a 20% reduction in the proposed free-on-board cash cost over the project’s mine life. Realm reported on Thursday that industry operating costs had declined by up to 30% over the... 

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