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Coal News

Atrum incorporates Elan project directly into portfolio, reverses decision to list

By: Dylan Slater     6th December 2017 ASX-listed coal miner Atrum Coal has reversed a decision to list its Canada-based Elan Coal properties on a stock exchange and, instead, will integrate the mining project directly into its portfolio 

Teck forecasts higher Q4 realised coal prices

By: Henry Lazenby     6th December 2017 Canadian diversified miner Teck Resources has increased its forecast realised prices for all tonnes of coal sold in the fourth quarter to a range $165/t to $170/t, the Vancouver-based miner said on Tuesday. The TSX- and NYSE-listed company advised that its realised price for the period is now... 

Allegiance takes full ownership of Canada’s Telkwa coal project

By: Mia Breytenbach     5th December 2017 ASX-listed Allegiance Coal has entered into an unconditional agreement with TSX-listed Altius Minerals to take full ownership of the Telkwa metallurgical coal project, in Canada, while the diversified royalty company will become a more significant shareholder in the miner. The company can now... 

South32 says Illawarra output to fall to 4.5Mt in FY18

By: Mariaan Webb     5th December 2017 Diversified miner South32 has given a production guidance for its Illawarra metallurgical coal operation, where the Appin colliery was suspended for about four months this year owing to concerns about a potential gas breach. The New South Wales-based Illawarra operation, which comprises the Appin... 

South32 says Illawarra output to fall to 4.5Mt in FY18

Govt directs CIL to improve productivity as wage bill swells

By: Ajoy K Das     5th December 2017 With Coal India Limited (CIL) missing production target in the April to November period, the Coal Ministry has reiterated that the miner will have to “focus on productivity and production growth” as the recent increase in wage bill could not be allowed to impact on the profitability of the... 

Trump to shrink Utah monuments holding artifacts, minerals

By: Bloomberg     5th December 2017 President Donald Trump said Monday that he’ll shrink two national monuments in Utah that contain stunning red-sandstone vistas, historic relics and energy resources, arguing his predecessor overstepped in protecting the land. Trump travelled to Salt Lake City for the announcement, and also met... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Nersa shifts Eskom tariff decision to December 13

By: Terence Creamer     4th December 2017 The National Energy Regulator of South Africa (Nersa) confirmed on Monday that it would announce its decision on Eskom’s 2018/19 revenue application on December 13, instead of the December 7 date initially set for the determination. “The date has been changed due to more time being required to... 

Nersa shifts Eskom tariff decision to December 13

Bowen Coking Coal buys ‘small, but strategic’ Isaac River project

By: Mariaan Webb     4th December 2017 Queensland explorer Bowen Coking Coal has acquired a “small, but strategic” project, which positions the company among several large producing mines with well-established infrastructure. The ASX-listed company announced on Monday that it had entered into an asset sale agreement with Aquila Coal... 

Vale confirms Moatize production target, while govt seeks artisanal mining cooperatives

By: Keith Campbell     1st December 2017 A senior executive of Vale Moçambique, the Mozambican subsidiary of Brazilian major mining group Vale, has told local journalists that the company’s production target for its Moatize coal operation this year is 13-million tons of both metallurgical and thermal coal. This will be a 120% increase... 

No opencut mining at Drayton South, but underground allowed

By: Mariaan Webb     1st December 2017 The New South Wales government on Friday announced that it would amend policies to ban opencut coal mining in the Hunter Valley, where a heated battle between horse stud owners and major miner Anglo American has been raging over the Drayton South coal project. The New South Wales government,... 

No opencut mining at Drayton South, but underground allowed

Renewables-heavy mix is South Africa’s cheapest option, yet another study confirms

By: Terence Creamer     1st December 2017 A new, independently produced techno-economic model of South Africa’s cost-optimal power generation mix in 2040 outlines a system where 69% of the electrical energy is produced from onshore wind and solar photovoltaic (PV) generators, supported by batteries and gas-fired generators. Conducted by... 

Renewables-heavy mix is South Africa’s cheapest option, yet another study confirms

NUM reaches wage deal with Kangra Coal Mine, ends strike

By: African News Agency      1st December 2017 South Africa's National Union of Mineworkers (NUM) said on Friday it had signed a three-year wage agreement with Kangra Coal Mine, effectively ending a week-long strike. In a statement, NUM said the two parties agreed on a R600 wage increase for 2017, and 7% rises for the following two years... 

Aiming to improve emergency preparedness

By: Tasneem Bulbulia     1st December 2017 Mpumalanga-based artisan and mining skills training centre Colliery Training College (CTC) is actively seeking more coal projects to contract the services of its Rescue Drill Unit (RDU) to improve the effectiveness of mines’ emergency preparedness procedures. “We encourage mines to contract us to... 

Aiming to improve  emergency preparedness
SAFETY UNIT The Rescue Drill Unit is used for assistance and/or rescue after a mine accident caused by a fire, roof collapse or explosion

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 upbeat on aluminium, manganese and energy coal prospects
Photo by Bloomberg
GRAHAM KERR The financial results for the 2017 financial year, with the strides we’ve made towards our sustainability, diversity and safety targets, give me confidence for the year ahead

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Idle power capacity rises in India as coal, natural gas shortages spread

By: Ajoy K Das     30th November 2017 India is facing a sharp rise in idle power generation capacity triggered by shortages of coal and natural gas feedstock. According to information collated from government data, as much as 11 500 MW of thermal power generation capacity across 36 power plants were lying idle for want of coal. 

Kibo advances strategy with Botswana IPP project stake acquisition

By: Anine Kilian     30th November 2017 In line with its strategy of building a diversified portfolio of energy production assets, Aim-listed Kibo Mining will acquire an 85% stake in a company that will hold the Mabesekwa coal independent power producer (MCIPP) project for about £9-million in shares. Kibo has entered into an agreement... 

Prairie submits Esia for Poland-based Jan Karski mine

By: Samantha Herbst     30th November 2017 Coal developer Prairie Mining has submitted the environmental and social impact assessment (Esia) for its Poland-based Jan Karski mine to the Lublin Regional Environment Directorate for environmental consent, making way for the public consultation process and environmental permitting process to... 

Hendrina power station may not have adequate coal, no load-shedding seen

By: Reuters     30th November 2017 South African State-owned power utility Eskom said on Thursday coal stock at its Hendrina power station might be lower than the 20-day supply requirement, but rolling power cuts known locally as load shedding were not likely. Eskom may be forced to resume the nationwide electricity cuts that... 

Hendrina power station may not have adequate coal, no load-shedding seen

Academy of engineers calls for nuclear procurement halt until IRP consensus is reached

By: Terence Creamer     30th November 2017 The South African Academy of Engineering (SAAE) has called for a moratorium on the procurement of new electricity generation capacity, including nuclear power, until consensus has been reached on a new Integrated Resource Plan (IRP), which should be the outcome of “proper consultation in an open... 

Academy of engineers calls for nuclear procurement halt until IRP consensus is reached
Photo by Duane Daws
Energy Minister David Mahlobo

Mining players employing strategic moves 

     29th November 2017 South32 has okayed a R4.3-billion project at Klipspruit and is looking to set up its energy coal business as a standalone entity, while De Beers has placed its Voerspoed diamond mine on the market and BHP Billiton has committed to exiting its US onshore oil and gas. Mining Weekly editor Martin... 

Mining players employing strategic moves
Mining players employing strategic moves

Coal India considers price hike to offset wage, salary increases

By: Ajoy K Das     29th November 2017 Coal India Limited (CIL) is mulling the option of increasing its coal prices across all grades to offset the impact of a hefty wage increase agreement signed with trade unions and the imminent hike in salaries of executives. Sources have pointed out that the salaries and wages bill provisions for... 

Pretoria court to hear application for Molefe to reimburse Eskom

By: African News Agency      29th November 2017 Former Eskom CEO Brian Molefe’s court action to repay his R30.1-million pension, has been set down to be heard in Pretoria’s North Gauteng High Court for three days, starting on Wednesday. Molefe was taken to court by Solidarity, the Democratic Alliance and the Economic Freedom Fighters, which... 

Koko disciplinary hearing 'fair and transparent' - Eskom

By: African News Agency      29th November 2017 Stung by criticism, Eskom on Wednesday issued a statement declaring that it's disciplinary hearing of its suspended group executive, Matshela Koko, was being conducted in "a fair, professional, and transparent manner". The power utility said it "has noted with great concern" some media reports... 

China underscores push towards longer term coal contracts

By: Reuters     29th November 2017 China has again urged coal suppliers and buyers to sign more medium- and long-term contracts, amid robust demand for the fuel during the peak winter-heating season. The National Development and Reform Commission (NDRC) said in a document published on Wednesday that medium- to long-term contracts... 

EPA to hold its one hearing on climate rollback in coal country

By: Bloomberg     29th November 2017 The Trump administration is holding its one public hearing on rolling back President Barack Obama’s regulations limiting carbon emissions from power plants – and it will be in West Virginia. While the Environmental Protection Agency leadership under Obama steered clear of the coal-producing... 

Higher coal prices help Russia's Mechel swing to Q3 net profit

By: Reuters     28th November 2017 Russian coal and steel producer Mechel said on Tuesday higher prices for its products had helped it swing into a net profit in the third quarter after a loss a year earlier. Higher coal prices has been supporting Mechel, which borrowed heavily before Russia’s economic crisis took hold in 2014... 

Tlou Energy progresses seismic survey at Botswana projects

By: Megan van Wyngaardt     28th November 2017 Dual-listed Tlou Energy last week completed a field acquisition phase, which forms part of its 250 km two-dimensional seismic survey, at its Lesedi and Mamba coal-bed methane projects, in Botswana, with data processing now in progress. The new seismic data will provide a more accurate picture of... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

Peabody closes sale of stake in inactive Burton mine

By: Henry Lazenby     27th November 2017 US coal miner Peabody Energy has completed the sale of a majority stake in its Burton mine and related infrastructure, located in Australia’s Queensland, for $11-million. The buyer, Lenton joint venture (JV), in which ASX-listed New Hope Corporation holds a 90% interest, has also assumed... 

Mahlobo’s call for ‘modular’ electricity roll-out at odds with nuclear ambition

By: Terence Creamer     27th November 2017 Energy Minister David Mahlobo’s latest Parliamentary reply, in which he argues that there is no longer a need to build large generation units, owing to the availability of low-cost smaller generation options, is at odds with his support for a large-scale nuclear build programme. In response to... 

Mahlobo’s call for ‘modular’ electricity roll-out at odds with nuclear ambition
Photo by Duane Daws
Energy Minister David Mahlobo

New Hope’s Lenton JV completes Burton acquisition

By: Mariaan Webb     27th November 2017 The Lenton joint venture, in which coal miner New Hope holds a 90% interest, on Monday completed the A$14.4-million purchase of mining tenements at the Burton mine, in Queensland, from coal major Peabody Energy. The acquisition, announced in September, included four mining tenements and their... 

Universal subsidiary raises stake in Eloff project to 80%

By: Creamer Media Reporter      27th November 2017 A subsidiary of ASX-listed Universal Coal has increased its stake in the Eloff coal project, in Mpumalanga, South Africa, to 80%. Universal Coal Development IV (UCDIV), which is a joint venture between Universal and Ndalamo Resources, has acquired Manyeka Coal Mines, which owns 51% of the Eloff... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal
South32 CEO Graham Kerr

Germany's respite for coal may end as talks resume with Merkel

By: Bloomberg     26th November 2017 The future of Germany’s coal industry is moving back into the spotlight as Chancellor Angela Merkel restarts talks on forming a new coalition government, with pressure building for stricter limits on the most polluting fuels. Two months after national elections, discussions aimed at forging a... 

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