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Coal News

Reutech Mining plans to expand product range

By: Jessica Oosthuizen     26th October 2018 Mining technology and geotechnical slope-stability-monitoring radar systems supplier Reutech Mining plans to expand its product range in 2019, says executive manager Jan de Beer. The company provides equipment that can assist in real-time monitoring of the mine walls in opencast mines to provide... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

Strong interest received for South32’s South African energy coal assets 

By: Esmarie Iannucci     25th October 2018 Diversified miner South32 has received nearly 40 expressions of interest for its energy coal assets in South Africa. Speaking on the sidelines of the company’s annual general meeting, South32 CEO Graham Kerr told Mining Weekly Online that, while the talks thus far have been confidential, the... 

Strong interest received for South32’s South African energy coal assets
Photo by Bloomberg
South32 CEO Graham Kerr

Cosatu calls for overhaul of draft IRP

By: Kim Cloete     24th October 2018 The Congress of South African Trade Unions (Cosatu) has rejected the draft Integrated Resource Plan (IRP) 2018, calling for an overhaul. It also called for a firm commitment not to retrench workers as well as tougher, hard-hitting plans to halt looting and recover money stolen from Eskom. 

Arch Coal net income surges on tax benefit

By: Mariaan Webb     24th October 2018 St Louis-based miner Arch Coal on Tuesday reported an 80% surge in third-quarter net income to $123.2-million, or $6.10 a diluted share, helped by a $45.2-million tax benefit. The third-quarter net income compares with $68.4-million, or $2.83 a share, in the prior-year period. Revenues totalled... 

Arch Coal net income surges on tax benefit

TerraCom appoints new CEO

By: Esmarie Iannucci     24th October 2018 ASX-listed TerraCom has appointed Danny McCarthy as CEO, effective from December this year. McCarthy has been COO of ASX-listed Mineral Resources for the past two-and-a-half years, and is a highly experienced mining executive who has held several senior roles, including with Thiess, Wesfarmers... 

Indian power companies need to secure more own coal mines – Minister

By: Ajoy K Das     24th October 2018 India’s Power Ministry has directed thermal power companies to be more aggressive in securing their own coal assets and to reduce dependence on Coal India Limited, as these power plants will continue to be the country’s source of base electricity and will continue to suffer a shortage of dry fuel... 

Nersa unveils adjudication schedule for Eskom’s 15% hike application

By: Terence Creamer     23rd October 2018 The National Energy Regulator of South African (Nersa) has unveiled its adjudication timetable for Eskom’s fourth multiyear price determination (MYPD4) revenue application, which will include public hearings in all nine provinces between January 14 and February 1, 2019. The regulator has also... 

Nersa unveils adjudication schedule for Eskom’s 15% hike application

Anglo’s portfolio performs well in Q3  

By: Nadine James     23rd October 2018 Diversified miner Anglo American’s focus on driving efficiency and productivity across the business resulted in another strong quarter, with volumes for the third quarter 1% higher year-on-year, Anglo CE Mark Cutifani commented on Tuesday. “Production per employee has increased by 5% [so far this... 

Anglo’s portfolio performs well in Q3
Photo by Bloomberg
Anglo American CE Mark Cutifani

Reduce and reuse raw materials to slash waste and emissions, UN and think-tanks urge

By: Reuters     23rd October 2018 The rapid consumption of raw materials must be curbed to cut waste and carbon emissions, the United Nations and global think-tanks have urged, with resource consumption set to almost double by 2060, especially in developing economies. In the twentieth century, the world mined 34 times more... 

Eskom gearing up for big grid-scale battery storage roll-out  

By: Terence Creamer     22nd October 2018 State-owned electricity utility Eskom is preparing to roll-out battery energy storage systems (BESS) across multiple sites as part of a replacement plan for the 100 MW Kiwano concentrated solar power (CSP) project initially approved as part of the $3.75-billion World Bank loan extended to the... 

Eskom gearing up for big grid-scale battery storage roll-out
Photo by Creamer Media
Eskom has been testing battery storage solutions at its research facility in Rosherville for the past few years

Glencore CEO said to tell investors he'll retire in 3 to 5 years  

By: Bloomberg     22nd October 2018 Ivan Glasenberg, who built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years, according to people familiar with the matter. Glasenberg discussed his succession plan in recent meetings and said he has... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Edenville submits RfQ documentation to Tanesco

By: Tasneem Bulbulia     22nd October 2018 Edenville Energy, which is developing a coal project in south-west Tanzania, has submitted the required documentation to Tanzania Electricity Supply Company (Tanesco) in relation to the utility’s request for qualification (RfQ) for coal-fired power generation projects in Tanzania.  The submission... 

Mantashe holds collaborative meeting with MCSA

By: Tasneem Bulbulia     22nd October 2018 Mineral Resources Minister Gwede Mantashe met with the executive of the Minerals Council South Africa and CEOs in the coal and platinum sectors on Friday to receive a briefing on the challenges faced by companies in these sectors, and to work on finding solutions for the long-term sustainability... 

Coronado to start trading on ASX after massive IPO

By: Esmarie Iannucci     22nd October 2018 US coal major Coronado Global Resources is expected to start trading on the ASX at the start of business on Tuesday, after completing a A$774-million initial public offering (IPO). The company issued more than 166.5-million Chess Depository Interests (CDIs), at a price of A$4 each, and sold more... 

August mining production down 9.1% y/y

By: Creamer Media Reporter      18th October 2018 South Africa’s mining production decreased by 9.1% year-on-year in August, Statistics South Africa reported on Thursday. The decrease was driven by lower output in the iron-ore, gold and platinum group metals (PGMs) sectors. 

Keep coal’s current share of the energy mix, says NUM

By: Kim Cloete     18th October 2018 The National Union of Mineworkers (NUM) has called for coal to be retained far more strongly in the country’s energy mix. In its submission on the draft Integrated Resource Plan (IRP) 2018, the NUM Western Cape said it was concerned that coal’s share in the energy mix was set to be reduced. “As... 

Renewable energy industry comments on draft IRP

By: Kim Cloete     17th October 2018 The renewable energy sector in South Africa has welcomed the draft Integrated Resource Plant (IRP) 2018, but has also expressed concerns. “While the IRP forecasting is rational in its choices, it unfortunately requires us to accept some overly optimistic assumptions,” said the South African... 

First electricity from Imaloto slated for 2021 

By: Simone Liedtke     17th October 2018 Aim-listed Bushveld Minerals, parent company of coal and energy company Lemur Holdings, on Wednesday announced that the Imaloto project is on track to deliver electricity to south-western Madagascar by 2021. The Imaloto project is a developing integrated thermal coal mining and independent power... 

First electricity from Imaloto slated for 2021
Bushveld Minerals CEO Fortune Mojapelo

GE calls for more coal power within the IRP 

By: Kim Cloete     17th October 2018 General Electric (GE) has called on the South African government to reconsider investing in a further 1 600 MW of coal-fired power generation capacity, describing it as "the lifeblood" of South Africa’s economy, a significant job creator and important source of foreign exchange. “The removal of 1... 

India’s Coal Ministry passes strictures on Coal India

By: Ajoy K Das     17th October 2018 Passing strident strictures on Coal India Limited (CIL) for failing to effectively review production and supplies, the Coal Ministry has directed the miner to immediately start liquidating coal stockpiles to mitigate shortages at power plants across the country. The Coal Ministry, in a rare... 

Calls for greater transformation in the energy industry 

By: Kim Cloete     16th October 2018 Calls for greater participation by black professionals in the energy industry were made during public hearings into the Integrated Resources Plan (IRP), held at Parliament, on Tuesday. The Black Energy Professionals Association, an organisation of black professionals that practice their trade... 

Organisations oppose coal in IRP public hearings 

By: Kim Cloete     16th October 2018 Public hearings into the Integrated Resources Plan (IRP) kicked off in Parliament on Tuesday, with several organisations voicing their concerns about the plan’s provision for new coal-fired power stations. Attorney Robyn Hugo of the Centre for Environmental Rights (CER) told Parliament’s... 

Whitehaven production dips

By: Esmarie Iannucci     16th October 2018 Coal miner Whitehaven Coal has reported a 37% drop in production during the September quarter, compared with the previous corresponding period, reflecting a longwall change-out at the Narrabri operation. Managed run-of-mine (ROM) production reached 3.61-million tonnes in the three months to... 

CER attorneys to address MPs on new coal in the IRP

By: Creamer Media Reporter      15th October 2018 Attorneys from the Centre for Environmental Rights (CER) plan to, on Tuesday, tell Members of Parliament (MPs) that an Integrated Resource Plan for Electricity (IRP) that provides for expensive new coal-fired power, at a time when South Africa needs to be urgently transitioning away from... 

Glencore’s Hail Creek restructuring hits 400 jobs

By: Esmarie Iannucci     15th October 2018 Diversified miner Glencore has announced plans to ‘reconfigure’ its Hail Creek coal mine, in Queensland, resulting in nearly 400 job losses. The miner announced that the two-dragline operation would be reconfigured into a truck-and-shovel mine, with a seven-day on, seven-day off roster. The... 

Glencore’s Hail Creek restructuring hits 400 jobs

Study that fails to back Trump coal rescue plan kept under wraps

By: Bloomberg     15th October 2018 A report commissioned by the Energy Department failed to reach conclusions favoring the Trump administration’s efforts to prop up coal and nuclear power – and remains under wraps six months after submission. “The report hasn’t seen the light of day,” the principal author, Michael Webber tweeted... 

Exxaro looks to fill Eskom coal shortage

By: Reuters     12th October 2018 Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations,... 

TerraCom looks at increased output at BNU

By: Esmarie Iannucci     12th October 2018 oal junior TerraCom on Friday revealed the potential to expand production at its Baruun Noyon Uul (BNU) coking coal mine, in Mongolia, to three-million tonnes a year. TerraCom told shareholders that following an extensive exploration programme, the company has compiled a detailed execution plan... 

Fire still burning at Peabody’s North Goonyella

By: Esmarie Iannucci     12th October 2018 US coal producer Peabody has issued force majeure notices to coal customers and certain of its vendors at the North Goonyella mine, in Queensland, as the company continues to work to extinguish a fire. The US miner at the start of last week started implementing a multi-tiered plan to extinguish... 

Eskom optimistic plan to boost coal stocks will prevent power outages

By: Paige Müller     12th October 2018 The continuing coal supply shortage at State-owned power utility Eskom Holdings is considered a crisis by industry commentators. Although conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.... 

Eskom optimistic plan to boost coal stocks will prevent power outages

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Universal forecasts higher outputs

By: Esmarie Iannucci     10th October 2018 South Africa-focused coal miner Universal Coal has forecast a 29% increase in the 2019 earnings before interest, tax, depreciation and amortization (Ebitda), on the back of a 28% increase in sales tonnage and based on the current international coal pricing and foreign exchange forecasts. Ebitda... 

The real cash cow in mining isn't metals. It's bad old coal

By: Bloomberg     10th October 2018 For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy-industry stalwart coal. Base metals from copper to zinc have tumbled this year, caught up as a proxy for trade fears and emerging market jitters. Meanwhile, coal has ground steadily... 

The real cash cow in mining isn't metals. It's bad old coal

Indian State miners to form JV for power projects

By: Ajoy K Das     10th October 2018 Two of India’s largest State-run miners, Coal India Limited (CIL) and NLC Limited (formerly Neyveli Lignite Corporation Limited), have announced a joint venture (JV) to combine their respective strengths to implement thermal and renewable energy projects. According to mandatory filing with the... 

Govt urged to include IRP adjustment that steers renewables jobs the way of coal regions 

By: Creamer Media Reporter      10th October 2018 South Africa should consider including a policy adjustment in its upcoming Integrated Resource Plan (IRP) directing developers of new renewable-energy infrastructure to build projects in regions currently geared towards coal mining and coal-fired electricity production. University of Johannesburg... 

Govt urged to include IRP adjustment that steers renewables jobs the way of coal regions
Photo by Creamer Media
Dr Tobias Bischof-Niemz

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