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Coal News

FutureGen releases initial conceptual design report

By: Dennis Ndaba     20th July 2007 The FutureGen Alliance has released the initial conceptual design report (ICDR) for the FutureGen project, a first-of-its-kind coal-fueled power plant with near-zero emissions that will produce hydrogen and capture and store carbon dioxide in deep geological formations. 

Exxaro, unions to meet with State mediators after talks deadlock

By: Matthew Hill     16th July 2007 South Africa's biggest black-owned mining firm, Exxaro Resources (Exxaro), will meet with trade unions under State mediation, after an agreement was not reached during wage negotiations on Monday, a negotiator said. 

Derailment disrupts RBCT coal deliveries

By: Matthew Hill     16th July 2007 A train derailment occured on the line to the world's biggest single coal terminal, the Richards Bay Coal Terminal (RBCT) on Sunday morning, resulting in trains being cancelled, an senior offical said on Monday. 

Matodzi narrows earnings loss by 8%

By: Matthew Hill     16th July 2007 Mining investment firm Matodzi said on Monday that its earnings for the year ended March 31 had doubled, to R262-million, with after-tax profit for the year coming in at R617-million. 

Coal workers declare dispute over wages

By: Matthew Hill     12th July 2007 Trade union the National Union of Mineworkers (NUM) and Solidarity have declared a dispute with South Africa's biggest coal miners, represented by the Chamber of Mines (CoM), after they increased their wage hike offer to 7,25%, from the previous 7% offer. Solidarity is demanding a 15%... 

Arm, Xstrata Coal to spend R2,9bn on new Mpumalanga mine

By: Mariaan Webb     11th July 2007 Black-owned miner African Rainbow Minerals (Arm) and Xstrata Coal would invest R2,9-billion in a new greenfields thermal coal mine, Goedgevonden, the companies said on Wednesday. The new mine, located near Witbank in Mpumalanga, would produce 3,1-million tons a year of export thermal coal and... 

Exxaro's mineral-rights conversion 'moving in right direction' - DME

By: Mariaan Webb     6th July 2007 Diversified miner Exxaro will meet with the Department of Minerals and Energy (DME) in the coming weeks to discuss its applications for new mineral rights, a government official said on Friday, adding that the group was "moving in the right direction". 

Black-controlled coal giant in talks with Eskom on another big supply deal

By: Mariaan Webb     6th July 2007 A month-and-a-half into negotiations to seal a coal-supply deal for the second phase of Eskom's 4 500 MW power station, in Limpopo, Exxaro CEO designate Sipho Nkosi confirmed that the company was confident that it would ink the deal.  

Fast-track Inyanda project already yielding first coal

By: Mariaan Webb     6th July 2007 Diversified miner Exxaro Resources (Exxaro) said on Friday that it had already started producing coal at its new Inyanda mine, near Witbank, in the Mpumalanga province of South Africa, only four months after construction started.CEO designate Sipho Nkosi said at the sod-turning event that the... 

Botswana's coal opportunity comes under the spotlight

By: Christy van der Merwe     6th July 2007 Coal reserves in Botswana are estimated to be in excess of 200-billion tons, and are currently underexploited. For this reason, the development of a so-called 'ecological coal-based industrial hub' in Botswana could unleash the potential for a sustainable African industrial revolution. 

Port closures had minimal effect on RBCT exports

By: Matthew Hill     5th July 2007 The recent closures of Richards Bay port did not have a significant impact on exports from Richards Bay Coal Terminal (RBCT), terminal chairperson Kuseni Dlamini said on Thursday. 

Unions declare dispute with Exxaro after 8% wage hike offer

4th July 2007 Trade unions Solidarity, the National Union of Mineworkers (NUM) and the National Union of Metalworkers of South Africa on Wednesday declared a dispute with black-owned coal producer Exxaro, after the company made a "final" wage offer of 8%. 

Unions spurn coal miners' revised 7% wage hike offer

By: Matthew Hill     3rd July 2007 South African coal producers represented by the Chamber of Mines (CoM) have lifted their wage increase offer by 1%, to 7% it said on Tuesday, but the National Union of Mineworkers (NUM) and Solidarity have rejected the offer. Speaking in a telephone interview, NUM national spokesperson Lesiba... 

Yomhlaba moves closer to rejoining AltX

By: Matthew Hill     2nd July 2007 Reemerging coal miner Yomhlaba Resources announced on Monday that all the resolutions put forward at its extraordinary general meeting on June 30 were passed, and that the process of lifting its AltX suspension was under way. 

BHP Billiton concludes R430m Koornfontein sale

By: Mariaan Webb     2nd July 2007 Diversified miner BHP Billiton has wrapped up the sale of its wholly-owned Koornfontein mine, an operation within its energy coal division, together with 1,5-million tons a year of Richards Bay Coal Terminal (RBCT) entitlement to a black economic-empowerment (BEE) consortium. 

Exciting plans to open Waterberg treasure chest

By: Helene Le Roux     29th June 2007 South Africa's largest diversified resources company, Exxaro, has big plans to open up the Waterberg coalfield's treasure chest. The coalfield has an estimated resource of 75-billion tons of coal, which is 40% of South Africa's remaining coal resource. If Exxaro's plans come... 

CVRD clears final milestone for Moatize project

By: Mariaan Webb     29th June 2007 The government of Mozambique has approved the mining contract for the development of the Moatize coal project, which the Brazilian mining giant Companhia Vale do Rio Doce (CVRD) plans to develop in the country. This follows the approval of a project development plan by the Mozambican authorities... 

Private investors sought for Tanzania’s Mchuchuma coal and Liganga iron-ore projects

By: Olivia Soraya Spadavecchia     29th June 2007 The National Development Corporation (NDC) of Tanzania is currently seeking private investors to partner with the corporation in the implementation of two projects: the Mchuchuma integrated coal mine and thermal power station, and an iron-ore mine in Liganga. 

Wescoal profit up 26% on increased volumes, buoyant coal prices

By: Matthew Hill     28th June 2007 AltX-listed coal producer Wescoal said on Thursday that its revenue for the year ended March 31 had increased by 51%, to R296-million, compared with the previous year, but that this had not directly translated to its bottom line, with profit up only by 26%, to R18-million. 

Metorex, Shanduka get competition approval for Wakefield deal

By: Matthew Hill     27th June 2007 After a lengthy hearing, involving numerous participants in the coal sector, competition watchdog the Competition Tribunal announced on Wednesday that it had approved for Shanduka Coal to buy Wakefield Investments from JSE-llsted Metorex. 

Unions reject 6% wage-hike offer from coal industry

By: Matthew Hill     26th June 2007 Both the National Union of Mineworkers (NUM) and smaller union Solidarity on Tuesday rejected an offer of a 6% wage increase from the coal-mining companies represented by the Chamber of Mines (CoM). The NUM has demanded a 15% increase, while Solidarity was demanding a 20% increase. The Chamber... 

Wescoal shares fall after trading update

22nd June 2007 Shares in AltX-listed coal firm Wescoal fell more than 16% on Friday morning, after it said that it expects earnings a share for the 12 months ended March 31 to be 40% to 50% lower than in the previous year. 

Joint venture set to develop emission-free production

By: Christy van der Merwe     22nd June 2007 Energy giants BP and Rio Tinto have joined forces to create a 50:50 joint-venture (JV) company, Hydrogen Energy, which seeks to develop so-called �decarbonised’ energy projects around the world. 

Imbani Projects in talks to diversify mining portfolio

By: Matthew Hill     21st June 2007 Black-owned Imbani Projects was involved in negotiations with several mining companies that could see it enter the booming platinum, coal and uranium industries, MD Briss Mathabathe told Mining Weekly Online on Wednesday.  

Scharrig, Merafe form SA coal JV

By: Nelendhre Moodley     21st June 2007 Mining services company Scharrig Mining (Scharrig), and black economic empowered ferrochrome producer Merafe Resources (Merafe) on Thursday announced the formation of a 50/50 joint venture called Merafe Coal. 

Gold companies may table wage offer on Wednesday

By: Matthew Hill     19th June 2007 South Africa's biggest mineworkers union, the National Union of Mineworkers, was expecting the Chamber of Mines to table an offer for its workers in the gold sector, in the second day of formal wage negotiations on Wednesday, the union's national spokesperson Lesiba Seshoka said on... 

Upcoming conference to examine Botswana coal opportunities

By: Helene Le Roux     19th June 2007 The possibilities of developing Botswana's vast coal resources of more than 212-billion tons will be in the spotlight at a conference hosted by the Fossil Fuel Foundation (FFF) next week. 

Climate-risk disclosure becoming a business imperative

By: Nelendhre Moodley     15th June 2007 The Chamber of Mines on Friday called for South African companies to increase climate-risk disclosure, saying that there was significant interest from shareholders and the public in companies' concrete responses to climate change. 

Miners encouraged to participate in emissions-reducing projects

By: Nelendhre Moodley     15th June 2007 The Chamber of Mines, Marbek Resources Consultants and Promethium Carbon on Friday launched an information pack on climate change and carbon finance, aimed at assisting the mining industry to expedite Clean Development Mechanism (CDM) projects. 

Petmin's BEE-ownership increases by 7%

By: Matthew Hill     14th June 2007 JSE-listed mining firm Petmin said on Thursday its black economic-empowered ownership had been boosted by 7%, after black-owned Dark Capital (Dark) acquired 40-million of its shares from the New Africa Mining Fund (NAMF). 

GVM places 11m shares to fund acquisition

By: Mariaan Webb     14th June 2007 Coal and metal alloys firm GVM Metals (GVM) has placed 11,25-million new ordinary shares to go towards the first payment of its acquisition of a 70% stake in Coal of Africa, it said on Thursday. 

CIC Energy mulling establishment of Botswana coal-to-liquids plant

By: Mariaan Webb     11th June 2007 Canada's CIC Energy, which is building a coal mine and a power station in Botswana, said it might build a coal-to-liquids plant in that country, the company said on Monday. 

NUM rejects De Beers offer, stands by across-the-board double-digit demands

By: Matthew Hill     8th June 2007 The world's biggest diamond producer De Beers has offered its South African workers a 7% increase, after the National Union of Mineworkers (NUM) demanded an 11% increase, the union's national spokesperson Lesiba Seshoka said on Friday. 

Coal big guns build R300m plant to provide clean water to Mpumalanga municipality

By: Christy van der Merwe     8th June 2007 Mining companies Anglo Coal and BHP Billiton Energy Coal South Africa (BECSA) last week signed a landmark agreement with the Emalahleni local municipality for the supply of water from a newly built water treatment plant. 

Kumba offers SA workers 6% wage hike

By: Nelendhre Moodley     7th June 2007 Iron-ore producer Kumba Iron Ore (KIO) on Thursday offered workers a 6% wage increase, trade union Solidarity said.  

RBCT to complete study on further expansion by year-end

By: Matthew Hill     7th June 2007 The world's biggest single coal export terminal, Richards Bay Coal Terminal (RBCT), said on Thursday that it expected to complete a study into a further expansion by the end of the year. This was after its latest expansion, phase 5, attracted 26 companies, applying for a total of... 

NUM members plan to down tools in countrywide solidarity strike

By: Mariaan Webb     5th June 2007 South Africa's biggest mining union, the National Union of Mineworkers (NUM), is mobilising its 280 000 members to put their "full weight" behind the public servants' strike, general secretary Frans Baleni said on Tuesday. "We are mobilising our members for a huge strike... 

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