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Coal News

Sentiment dampens as Charter, MPRDA deadline commitments are postponed

By: Nadine James     1st June 2018 The positive sentiment stemming from the appointment of President Cyril Ramaphosa, and the subsequent appointment of Mineral Resources Minister Gwede Mantashe has dampened recently as Mantashe pushed out the finalisation of the Mining Charter and lodged an application for leave to appeal against... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Civil society seeks to protect Mpumalanga water source from coal mining impact

By: Simone Liedtke     31st May 2018 New legal proceedings have been launched in the Mbombela High Court against Atha-Africa Ventures’ proposed development of the Yzermyn coal mine inside a protected area and strategic water resource area, in Mpumalanga. A coalition of eight community and civil society organisations have lodged a... 

From chopping block to 'core', Anglo fires up met coal engine

By: Bloomberg     31st May 2018 Anglo American Plc is set to boost metallurgical coal capacity at a mine complex in Australia by 25% as the business once destined for the chopping block turns into a cash machine for the century-old miner. The company plans to increase processing capacity to 20-million metric tons a year from... 

 From chopping block to 'core', Anglo fires up met coal engine

Gupta-owned mines' rehabilitation funds case back in court

By: News24Wire      31st May 2018 An application by the trustees of the mining rehabilitation funds of two Gupta-owned companies, to reverse the attachment of about R1.7-billion by the National Director of Public Prosecutions, is expected be heard in the North Gauteng High Court in Pretoria on Thursday. The money was seized by... 

Gupta-owned mines' rehabilitation funds case back in court

Commission approves NBC, ECM merger without conditions

By: Simone Liedtke     30th May 2018 The Competition Commission has approved the proposed transaction, whereby newly-incorporated company North Block Complex (NBC) intends to acquire Exxaro Coal Mpumalanga (ECM) in respect of its mining and processing business, the transferred business, without conditions. The transferred business,... 

Coal industry should ensure that it does not lower air quality to avoid silicosis repeat

By: Martin Creamer     30th May 2018 South Africa’s coal industry should ensure that it does not lower air quality to avoid ending up in the same litigious space as the gold mining sector with silicosis. Earlier this month, a class action settlement was reached with thousands of mineworkers suffering from silicosis and/or... 

Coal industry should ensure that it does not lower air quality to avoid silicosis repeat
Photo by Dylan Slater
Matleng chairperson Nelisiwe Magubane

India revives coal sector regulator proposal

By: Ajoy K Das     30th May 2018 With the auction of coal blocks for commercial mining scheduled for next month, the Indian government has revived a proposal to sett up a coal sector regulator. The Coal Ministry has already announced rules for the auction and is in the final stages of drawing up a list of coal blocks that will... 

Coal India to hike daily supplies even as governments differ on coal shortage

By: Ajoy K Das     30th May 2018 On the directive of the Power Ministry, Coal India Limited (CIL) will supply 1.4-million tons a day to all thermal power plants across the country, even as federal and state governments joust over whether the domestic power sector is facing a dry fuel shortage or not. Soon after taking charge,... 

Two coal IPPs would cost S Africa an additional R20bn, not in public interest – report 

By: Marleny Arnoldi     30th May 2018 A report released by the University of Cape Town’s Energy Research Centre (ERC) shows that government’s planned independent power producer (IPP) coal plants – Thabametsi and Khanyisa – would cost South Africa an additional R19.68-billion compared with a least-cost energy system.  

Two coal IPPs would cost S Africa an additional R20bn, not in public interest – report

Japan’s Sojitz to buy BHP-Mitsubishi mine for A$100m

By: Esmarie Swanepoel     30th May 2018 BHP Mitsubishi (BMA) has announced the sale of the Gregory Crinum coking coal mine, in Queensland, to Japan’s Sojitz Corporation for A$100-million. The six-million-tonne-a-year mine was placed under care and maintenance in January 2016. 

Japan’s Sojitz to buy BHP-Mitsubishi mine for A$100m

Capital deployment into junior mining set for Q3 start – Aluwani

By: Martin Creamer     29th May 2018 The first close of capital acceptance is in sight for the new junior mining fund launched earlier this year by Aluwani Capital Partners, the independent black-owned investment management business that aims to make a lasting impact in South Africa and the rest of the African continent. Capital... 

Capital deployment into junior mining set for Q3 start – Aluwani
Photo by Dylan Slater
Aluwani Capital Partners CEO and founder Sibusiso Mabuza

Prairie stock falls as Debiensko concession amendment is denied

By: Mariaan Webb     29th May 2018 The Polish Ministry of Environment (MoE) has denied Australian miner Prairie Mining’s application to extend the production starting date of its Debiensko hard coking coal mine, a decision which Prairie said on Tuesday it would appeal. In terms of the mining concession that the MoE issued in... 

Prairie stock falls as Debiensko concession amendment is denied

Rail maintenance hampers New Hope sales

By: Esmarie Swanepoel     29th May 2018 Despite an increase in production during the three months to April, coal miner New Hope Corporation on Tuesday reported a fall in coal sales, owing to rail outages. New Hope produced 2 102 t of coal during the quarter ended April, compared with the 2 019 t produced in the previous corresponding... 

Palaszczuk to reassure Japan about coal exports amid Aurizon curbs

By: Esmarie Swanepoel     29th May 2018 Queensland Premier Annastacia Palaszczuk has moved to allay the fears of Japanese coal buyers, ahead of a diplomatic visit to the region, as a fight between freight operator Aurizon, the state’s competition body and coal miners continued. Aurizon has previously warned that it would cut some... 

South32 buys 50% of Queensland met coal project

By: Esmarie Swanepoel     29th May 2018 Diversified miner South32 has inked a conditional agreement to acquire a 50% interest in the Eagle Downs metallurgical coal project, in Queensland, and to assume control of the operation. The remaining interest will be held by Aquila Resources, a subsidiary of China BaoWu Steel Group. 

South32 buys 50% of Queensland met coal project
South32 CEO Graham Kerr

Wescoal accepts offer for noncore asset disposal

By: Creamer Media Reporter      29th May 2018 JSE-listed Wescoal has accepted an offer for the disposal of one of its noncore, nonoperational assets. This is in line with the company’s strategy of realising value for shareholders and building a scalable, sustainable business. 

Indian govt order on preferential allotment skews coal distribution

By: Ajoy K Das     28th May 2018 The Indian government has directed coal companies to make preferential allotment of coal to government-owned thermal power companies, skewing distribution of dry fuel to the detriment of other industries, like cement, steel and captive power plants. The government order from the Coal Ministry to... 

BHP reaches ‘in-principle’ agreement with Queensland over coal royalties

By: Esmarie Swanepoel     28th May 2018 Mining major BHP and the Queensland Treasury have reportedly reached an out-of-court ‘in principle’ agreement over a A$288-million coal royalty dispute. BHP’s legal representation, John Sheahnan QC, told the Queensland Supreme Court on Monday that an agreement, in principle, had been reached... 

Isaac Plains underground gets maiden reserve

By: Esmarie Swanepoel     28th May 2018 Coal miner Stanmore Coal has reported a 12.9-million tonne maiden Joint Ore Reserves Committee- (Jorc-) compliant reserve for its Isaac Plains underground mine, in the Bowen basin. The reserve was generated during a prefeasibility study (PFS) into the underground mine, assessing a... 

Australia’s energy sector should leverage automation and technology to boost competitiveness

25th May 2018 Australia’s energy resources sector could unlock a potential A$10-billion in value to the national economy if it pursues a number of transforms, a report by National Energy Resources Australia (Nera) has found. In its 2018 update to the ‘Sector Competitiveness Plan’, Nera identified... 

Australia’s energy sector should leverage automation and technology to boost competitiveness

Maatla on track for coal project take-off

By: Melissa Zisengwe     25th May 2018 Coal and energy company Maatla Energy remains on track to start site establishment and construction activities later this year, and production in 2019 at the company’s Mmamabula coal mine, in Botswana. Following the approval of an environmental-impact assessment (EIA) last month, Maatla... 

Maatla on track for coal project take-off
Photo by Bloomberg
SIGNIFICANT RESOURCE The Mmamabula coal mine contains more than 90-million tonnes of high-grade thermal coal

Botswana mining conference yielding opportunities

By: Melissa Zisengwe     25th May 2018 Mining and engineering company Pan African Minerals says it attended the 2018 Mining Investment Botswana Conference, which was held in Gaborone from April 10 to 11, to create partnerships, networks and take advantage of the business matching prospects. The company’s attendance has already yielded... 

Botswana mining conference yielding opportunities
NKULULEKO MHLABA As a result of the 2018 Mining Investment Botswana conference we now also have three pending transactions in Botswana

Probe into influence peddling to start hearings in August

By: Reuters     24th May 2018 An inquiry into allegations of influence peddling revolving around former president Jacob Zuma and businessman friends of his will begin formal public hearings in August and could take two years or more, the head of the commission said on Thursday. The allegations around Zuma, forced from office... 

Indian thermal power plants reeling from coal shortages

By: Ajoy K Das     24th May 2018 Private and public thermal power plants across India are facing an acute shortage of coal, at a time when rising electricity demand during summer months has sent the spot price of electricity skyrocketing. According to data sourced from industry policy advisory body, the Central Electricity... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance

By: Nadine James     23rd May 2018 Speaking at the official unveiling of the rebranded Minerals Council South Africa (previously the Chamber of Mines), on Wednesday, Mineral Resources Minister Gwede Mantashe noted that he and the Department of Mineral Resources (DMR) were unenthusiastic, but willing to make use of the 'use it or... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa

By: Nadine James     23rd May 2018 The Chamber of Mines has rebranded and is now the Minerals Council South Africa (MCSA) in line with its quest to reposition the sector as South Africa’s  preeminent industrial sector, while building a new legacy and creating a “future that all South African can be proud of,” MCSA president... 

Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa
Photo by Dylan Slater
MCSA president Mxolisi Mgojo and Mineral Resources Minister Gwede Mantashe

Fraser-Moleketi, Mphatlane to join Exxaro board

By: Anine Kilian     23rd May 2018 Geraldine Fraser-Moleketi, Mark Moffett and Isaac Mphatlane will join diversified miner Exxaro Resources’ board, following the retirement of directors Len Konar, Con Fauconnier and Saleh Mayet at the miner’s annual general meeting on Thursday. Fraser-Moleketi is a fellow of the Institute of... 

Wescoal expects 303% increase in FY18 HEPS

By: Marleny Arnoldi     22nd May 2018 JSE-listed Wescoal expects its headline earnings per share (HEPS) for the year ended March 31 to be in excess of 45.5c, which is a 303% increase on the HEPS of 11.3c reported for the 2017 financial year.  

Lemur concludes concession agreement for Imaloto power project

By: Simone Liedtke     22nd May 2018 Aim-listed Bushveld Minerals’ coal and energy subsidiary Lemur Holdings has executed a 30-year concession agreement with the Madagascar government for the development, construction, operation and maintenance of the Imaloto integrated thermal coal and power project. The concession comes on the... 

Lemur concludes concession agreement for Imaloto power project
Lemur Holdings CEO Prince Nyati

Soaring coal royalties give Qld infrastructure spending a boost

By: Esmarie Swanepoel     22nd May 2018 Queensland coal royalties would soar to a record A$3.7-billion in the 2018 financial year, the Queensland Resources Council (QRC) predicted on Tuesday. QRC CEO Ian Macfarlane said the A$536-million increase on the government’s previous royalty estimates would allow the state government to... 

Kibo awards second lot of Mbeya EPC contract

By: Simone Liedtke     21st May 2018 Aim-listed Kibo Mining has awarded Sepco III the second lot of the engineering, procurement and construction (EPC) contract for its Mbeya coal-to-power project (MCPP), in Tanzania. Lot 2 of the EPC contract involves the construction of the power line that will evacuate power from the Mbeya power... 

India allows power producers to switch coal linkages

By: Ajoy K Das     21st May 2018 The Indian government has announced that private thermal power companies will be allowed to switch coal supply linkages from one coal company to another, but electricity producers are not sure that the move will deliver industry-wide benefits. Based on recommendations of an interMinisterial... 

Bowen divests of Comet Ridge

By: Esmarie Swanepoel     21st May 2018 Queensland-based Bowen Coking Coal has entered into a binding agreement to divest of its Comet Ridge project for A$100 000 in cash and a 1.25% royalty stream from the first 2.8-million tonnes of coal produced. The ASX-listed junior told shareholders that the deal with Springsure Creek Coal... 

Paringa raises A$30m for US coal mine

By: Esmarie Swanepoel     21st May 2018 Coal developer Paringa Resources has announced A$30-million capital raising to fund the development of its Poplar Grove coal mine, in the Illinois basin, Kentucky. The company on Monday said that some A$19.2-million had been raised through an institutional entitlement offer, which was priced at... 

Vale boss prefers giving away windfall to avoid sins of the past

By: Bloomberg     21st May 2018 Vale, once the most generous dividend payer among major mining companies, may be poised to regain that status with its chief executive officer nearing debt targets and unwilling to hoard cash or rush into deals. Like others in the industry, the biggest producer of iron ore and nickel cut... 

Zimbabwe mines need $11bn investment to modernise

By: Reuters     18th May 2018 Zimbabwe needs up to $11-billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on Friday. Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe... 

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