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Coal News

Resources Watch  

28th November 2018 Coal to remain significant part of South Africa’s energy generation mix And, South Africa’s coal output continues to decline 

Ramatlhodi to testify at Zondo commission of inquiry

By: News24Wire      28th November 2018 Former Mineral Resources Minister Ngoako Ramatlhodi will be the fourth minister who served under former president Jacob Zuma to appear before the Zondo commission of inquiry into state capture on Wednesday. News24 understands Ramatlhodi and his former adviser and spokesperson advocate Mahlodi... 

Minergy's Botswana opencast coal mine project springs to life 

By: Schalk Burger     27th November 2018 The first opencast coal mine in Botswana, Masama, which is located about 70 km outside Gaborone, has sprung to life following the awarding of the mining licence at the end of August. The first soil was dug on September 9. The mine is expected to start selling thermal coal in the first week of... 

Minergy's Botswana opencast coal mine project springs to life

Kibo concludes sale of Kibo Nickel

By: Creamer Media Reporter      27th November 2018 Aim- and AltX-listed Kibo Energy's Kibo Mining subsidiary has concluded the sale of Kibo Nickel to Katoro Gold. Kibo Energy announced in June that it would sell Kibo Nickel to Katoro for 15.39-million shares valued at about £200 000 as part of its strategy to focus on its energy projects. 

Ncondezi submits work programme to Mozambican liaison committee

By: Creamer Media Reporter      26th November 2018 Aim-listed Ncondezi Energy has submitted a final work programme and timetable for its Ncondezi integrated 300 MW power and coal mine project, in Tete, Mozambique, to a government-sanctioned liaison committee that is tasked with implementing the project. “The updated work programme and timetable... 

Yancoal firms up Hong Kong listing plans

By: Esmarie Iannucci     26th November 2018 Coal miner Yancoal has revealed details of its initial public offering (IPO) on the Hong Kong Stock Exchange, with the share prices to fall within HK$23.48 and HK$25.84 a share. This equated to between A$4.09 and A$4.50 a share, with Yancoal shares closing at A$3.06 on the ASX on November 23.  

Coordinator General approves new 38Mt/y Galilee basin coal mine

By: Esmarie Iannucci     26th November 2018 The Queensland Coordinator General has approved the A$6.7-billion China Stone coal mine, in the Galilee basin, planned by MacMines Austasia. The China Stone mine is planned to produce up to 55-million tonnes a year of run-of-mine coal, equating to some 38-million tonnes a year of thermal coal... 

New Hope reshuffles Bengalla JV, strikes deal with Mitsui

By: Esmarie Iannucci     26th November 2018 Coal miner New Hope has struck a binding deal with Taipower over the Bengalla joint venture (JV) in New South Wales, which would see Taipower increase its shareholding from 10% to 20%. New Hope in August struck a deal with Wesfarmers to purchase its 40% interest in the Bengalla JV for... 

Indian govt grapples to find causes of coal shortages

By: Ajoy K Das     26th November 2018 The Indian government is still trying to determine the cause of a coal shortage in the country, with once section of the Coal Ministry citing excessive rainfall and deteriorating law and order in some regions, while another has blamed the State-run Coal India Limited (CIL) of tardy management.... 

UK's Banks Mining wins challenge to government rejection of new coal mine 

By: Reuters     23rd November 2018 Britain's Banks Mining has won a high court challenge to the government's decision to reject its application to develop a new coal mine in northeastern England, the company said on Friday. Northumberland County Council agreed last year that the mine's developer, Banks Mining, a division of The... 

Emergency coal, output and beneficiation make headlines this week 

23rd November 2018 This week Mining Weekly editor Martin Creamer discusses a drop in coal output due to low investment, beneficiation for better coal quality and Eskom's green light to buy emergency coal. 

Emergency coal, output and beneficiation make headlines this week
Emergency coal, output and beneficiation make headlines this week

Vale intends to significantly increase its Mozambique coal production

By: Rebecca Campbell     23rd November 2018 Vale Mozambique, the Vale Group of Brazil’s subsidiary in the African country, has told the Mozambican media that it plans to produce 20-million tons/year (Mt/y) of coal by 2021. The information was released in Maputo by Vale Mozambique Financial Director Marcelo Tertuliano.  

Global mining waste management market to grow

23rd November 2018 The mining waste management market is expected to reach 233.56-billion tons by 2022, at a compound annual growth rate (CAGR) of 6.1% during the forecast period, according to the ‘Mining Waste Management Market by Mining Method, Metals and Minerals, Waste Type, and Region - Global Forecast to... 

Global mining  waste management market to grow
Photo by Creamer Media
COAL CONTRIBUTES TO GROWTH The amount of mining waste is expected to increase owing to increased demand for coal in power generation and energy and in cement production

Adequate ventilation flow pivotal to safety at mines

23rd November 2018 Safely operating a mine is a fundamental principle, where all procedures and code of practices (COPs) should be carefully adhered to, with ventilation flow and the positioning of refuge bays and early detection and monitoring systems being carefully considered, says deaths elimination product... 

Adequate ventilation flow pivotal to safety at mines
SAFETY MEASURE Underground miner evaluates safety strategy to ensure safety

Carbon Tax Bill provides for tax-free allowances of up to 95%, but concern over impact persists 

By: Terence Creamer     22nd November 2018 South Africa’s National Treasury has included several transitional tax-free allowances in the Carbon Tax Bill tabled in Parliament this week. The allowances will result in an effective carbon tax rate of between R6/t and R48/t for carbon dioxide-equivalent (CO2e) emissions released by industrial... 

Carbon Tax Bill provides for tax-free allowances of up to 95%, but concern over impact persists

Study under way to help shape policy needed to transition from coal-based to renewable energy systems

By: Simone Liedtke     21st November 2018 As more renewable energy capacity is added globally, thermal coal-fired power stations are likely to, in future, operate only for short periods of time to balance the shortfall in electricity when renewable capacity is not available, University of Johannesburg professor Bilainu Oboirien said at... 

Study under way to help shape policy needed to transition from coal-based to renewable energy systems
Photo by Dylan Slater
University of Johannesburg professor Bilainu Oboirien

Countries urged to embrace greener energy sources 

By: Simone Liedtke     21st November 2018 Amid rising global energy demand, University of the Witwatersrand visiting adjunct professor Adam Luckos urges developing countries to embrace greener energy principles. To do this without jeopardising economic growth, he suggests that developing countries, where coal is the most viable... 

Countries urged to embrace greener energy sources
Photo by Dylan Slater
University of the Witwatersrand visiting adjunct professor Adam Luckos

Coal to remain significant part of South Africa’s energy generation mix  

By: Simone Liedtke     21st November 2018 Notwithstanding recent and continued advances in the roll-out of renewable energy and energy efficiency measures, South African National Energy Development Institute (Sanedi) GM for cleaner fossil fuel use Professor Tony Surridge expects coal will continue to form a significant component of South... 

Coal to remain significant part of South Africa’s energy generation mix
South African National Energy Development Institute GM for cleaner fossil fuel use Professor Tony Surridge speaks to Mining Weekly Online about South Africa's status quo surrounding carbon dioxide storage and utilisation. Video & Editing: Nicholas Boyd

Poplar Grove to strike coal by December

By: Esmarie Iannucci     21st November 2018 Coal developer Paringa Resources is expecting to intersect first coal at its Poplar Grove mine, in the Illinois basin, Kentucky, by mid-December. The ASX-listed company on Wednesday told shareholders that mine ventilation and key surface infrastructure at the project have been successfully... 

Beneficiation of raw coal increasingly important – De Korte  

By: Simone Liedtke     20th November 2018 The declining quality of raw coal makes the control of coal product increasingly difficult and the beneficiation of raw coal more important, Council for Scientific and Industrial Research (CSIR) coal processing engineer Johan de Korte told delegates at the Fossil Fuel Foundation’s conference on... 

Beneficiation of raw coal increasingly important – De Korte
CSIR coal processing engineer Johan De Korte presented at the Fossil Fuel Foundation's conference on clean coal technologies, and spoke to delegates about the decline of quality of raw coal in the industry. Video & Editing: Nicholas Boyd.

South Africa’s coal output continues to decline   

By: Simone Liedtke     20th November 2018 XMP Consulting senior coal analyst Xavier Prevost expects South Africa’s coal production to soon “drop drastically” as a result of low investment in new coal mining capacity and older mines reaching the end of their lives. Speaking to Mining Weekly Online on the sidelines of the Fossil Fuel... 

South Africa’s coal output continues to decline
XMP Consultants senior coal analyst Xavier Prevost speaks to Mining Weekly Online on the sidelines of the Clean Coal Technologies conference about the current and future trends in coal production, trade and markets in South Africa. Video & Editing: Nicholas Boyd.

Coal pollution to surge in UK if Brexit comes without deal

By: Bloomberg     20th November 2018 Britain’s pollution levels would probably rise if the country crashes out of the European Union without a deal, breaching a key pledge Prime Minister Theresa May has made to rein in emissions. That’s the conclusion of Bloomberg NEF, which forecasts that burning coal would increase in the first... 

Stanmore gets an offer out of Indonesia

By: Esmarie Iannucci     19th November 2018 Coal miner Stanmore Coal has received a 95c a share takeover offer from Golden Investments, a company which is 51% owned by Indonesian coal producer Golden Energy and Resources and 49% held by Ascend Global Investment Fund. The unsolicited offmarket bid valued Stanmore at around A$240-million... 

Bathurst extends Rotowaro mine life

By: Esmarie Iannucci     19th November 2018 The share price of coal miner Bathurst Resources increased by 4% on Monday after the company announced that the mine life of its 65%-held Rotowaro project, in New Zealand’s North Island, had been extended by a further four years. The miner said that the mine life extension would be achieved... 

Resources continue to drive Qld economy

By: Esmarie Iannucci     19th November 2018 The Queensland resources sector contributed A$62.9-billion to the state’s economy in 2017-18, a 14% increase on the previous year, the Queensland Resources Council (QRC) reported on Monday. In its ninth annual contribution report, the QRC noted that the resources sector generated one in every... 

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns 

By: Terence Creamer     16th November 2018 South Africa’s power utility Eskom reports that it has received approval for the National Treasury from the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations. More than 1.1-million tons have already... 

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

Treasury report finds Koko meddled to help Tegeta

By: African News Agency      16th November 2018 Former Eskom CEO Matshela Koko obstructed coal testing that would have compromised the contract Tegeta Exploration cinched with the power utility, according to a forensic report released by National Treasury on Friday. The report by Fundudzi Forensic Investigation Services details how Eskom... 

 Treasury report finds Koko meddled to help Tegeta
Photo by Creamer Media
Former Eskom CEO Matshela Koko

Ncondezi $5.1m loan gets extended maturity date to November 2019

By: Marleny Arnoldi     16th November 2018 Aim-listed Ncondezi Energy has reached formal agreement to amend its $5.1-million loan, which received an extended maturity date to November 2019. Before a restructuring process started, the loan would have matured in September.  

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet 

By: News24Wire      16th November 2018 National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic... 

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet
Photo by Bloomberg
Former Home Affairs Minister Malusi Gigaba

Stanmore extends Isaac Plains contract

By: Esmarie Iannucci     16th November 2018 Coal miner Stanmore Coal has extended the mining services agreement at its Isaac Plains East coal mine, in Queensland, with ASX-listed NRW Holdings by another five years. The contract extension will start in July 2019 and provides Stanmore with the flexibility to scale up and down production... 

Instil portable skills to assist economic development post closure – consultancy

By: Nadine James     16th November 2018 Mining companies’ social and labour plans (SLPs) should incorporate initiatives or programmes aimed at reskilling workers and uplifting community members through the development of portable skills, says socioeconomic development facilitator Economic Development Solutions (EDS) MD Janine Espin.... 

Instil portable skills to assist economic development post closure – consultancy
JANINE EPSIN ompanies should approach closure with economic sustainability in mind

MC Mining acquires key surface rights for Makhado project  

By: Tasneem Bulbulia     15th November 2018 MC Mining’s subsidiary, Baobab Mining & Exploration has reached agreement on the terms and conditions under which it will acquire the two key properties required for its Makhado hard coking and thermal coal project, in Limpopo. 

NZ approves plans to re-enter Pike River

By: Esmarie Iannucci     15th November 2018 The New Zealand government has announced plans to re-enter the Pike River mine, eight years after an explosion claimed the lives of 29 miners. Minister Responsible for Pike River Re-entry, Andrew Little, said this week that the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency,... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes 

By: Terence Creamer     14th November 2018 Debt-laden electricity utility Eskom is preparing for yet another bruising encounter with consumers in the coming months, during which it will seek to justify it latest R762-billion, three-year revenue application. If successful with its fourth multiyear price determination (MYPD4) application,... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes

IEA’s World Energy Outlook holds good news for Australian coal miners

By: Esmarie Iannucci     14th November 2018 The International Energy Agency’s (IEA’s) latest World Energy Outlook (WEO) update holds good news for Australian coal producers, estimating that demand for coal in the Asia Pacific will increase by 492-million tonnes of coal equivalent by 2040. Federal Resources Minister Matt Canavan noted that... 

IEA’s World Energy Outlook holds good news for Australian coal miners

Wescoal reports strong interim results  

By: Tasneem Bulbulia     13th November 2018 JSE-listed coal miner, trader and supplier, Wescoal has achieved solid results for the six months ended September 30, with headline earnings a share up 16% year-on-year, at 23.5c. Revenue increased by 28% year-on-year to R2.1-billion, while cash generation increased by 41% to R291-million, which... 

Wescoal reports strong interim results
Photo by Christo Greyling
Wescoal CEO Waheed Sulaiman

New BC coking coal mine on the cards

By: Creamer Media Reporter      13th November 2018 Publically traded Colonial Coal has announced the outcomes of a preliminary economic assessment (PEA) for a new coking coal mine, near Tumbler Ridge, north-eastern British Columbia. Although preliminary in nature, the PEA shows that the Gordon Creek project has positive economics and that it is... 

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