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Coal News

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... 

Somkhele processing plant to be fully operational by July - Petmin

By: Matthew Hill     4th June 2007 JSE-listed diversified junior miner Petmin said on Monday that it had commissioned its Somkhele 120 000 t/m coal-crushing, washing and screening plant on June 1, and that it would be fully operational by July.  

NUM demands 15% wage hike for gold-, coal-miners

By: Matthew Hill     4th June 2007 South Africa's biggest mineworkers union the National Union of Mineworkers (NUM) said on Monday that it had demanded a 15% increase from the Chamber of Mines for its members in the gold and coal sectors. Smaller peer union Solidarity on May 25 said that it was seeking a 20% increase for its... 

Spoornet confident of matching coal export demand

By: Matthew Hill     1st June 2007 Current and prospective South African coal exporters will be keeping a close eye on State-owned rail utility Spoornet, which will need to take decisive steps towards increasing its coal line capacity if it is to keep pace with the additional 19-million ton coal export capacity at Richards Bay... 

Competition body approves Bafokeng’s purchase of Yomhlaba stake

By: Creamer Media Reporter      31st May 2007 South Africa’s competition watchdog, the Competition Tribunal, on Thursday gave the green light for Royal Bafokeng Capital (RBC), owned by the South Africa’s richest indigenous community, to acquire 65% of junior coal producer Yomhlaba Resources, which will be renamed South Africa... 

Exxaro buys additional 1mt of RBCT entitlement

By: Matthew Hill     31st May 2007 Diversified resources group Exxaro Resources (Exxaro) announced on Thursday that would buy one-million tons a year of Richards Bay Coal Terminal (RBCT) capacity entitlement from the worlds biggest resources group, BHP Billiton, raising its total entitlement to 6,3-million tons a year in 2009. 

Gilbertson-led group to create $1,5bn resources investment fund

By: Matthew Hill     28th May 2007 Resources investment vehicle Pallinghurst Resources (Pallinghurst), chaired by former BHP Billiton CEO Brian Gilbertson, Cayman Islands-based AMCI ConsMin and financial services provider Investec had agreed to create an alliance that could have as much as $1,5-billion, or R10,6-billion, to buy... 

Junior mining index market cap tops R100bn

By: Nelendhre Moodley     28th May 2007 The NedSec Junior Mining & Exploration Index (NSJME) has reached a free-float weighted market capitalisation of R104,6-billion, Nedbank Capital said in a statement on Monday. 

Petmin concludes Baobab sale to GVM

By: Nelendhre Moodley     28th May 2007 JSE-listed Petmin on Monday announced that it had finalised the sale of Petmin's 100% interest in Baobab Mining and Exploration.  

GVM completes R170m capital raising

By: Matthew Hill     25th May 2007 Emerging coal producer GVM Metals (GVM) announced on Friday that it had raised �12-million, or R170-million, after placing 22-million new shares at 54p, or R7,67, a share, which would go towards the acquisition of a 70% stake in Coal Africa, and the general development of GVM�s capital projects. 

Richards Bay port reopens

By: Matthew Hill     24th May 2007 The world's biggest single coal terminal, Richards Bay Coal Terminal (RBCT), reopened at 22:00 on Wednesday night, after it opened briefly at 14:30, but was forced to close again after large swells continued to barrage the coast, a port official said. 

Yomhlaba expects to rejoin AltX by end-May

By: Matthew Hill     21st May 2007 Re-emerging coal miner Yomhlaba Coal will trade again on the AltX in the next two weeks, chairperson Karl Gribnitz tells Mining Weekly Online. In early 2005, Yomhlaba asked the JSE's AltX to suspend its share from trading. The mining junior listed on AltX in November the year before.... 

RBCT 'fully operational' after computer glitch halted trains

By: Mariaan Webb     18th May 2007 The technical glitch that halted coal deliveries to the Richards Bay Coal Terminal (RBCT) on Thursday, did not significantly affect the exports through Africa's biggest coal export terminal, RBCT spokesperson Zama Luthuli said on Friday. 

Lime mine implements optical sorting technology

11th May 2007 Lime producer Idwala Lime has shored up efficiencies at its opencast Dani�lskuil operation in the Northern Cape with the implementation of MikroSort optical sorting technology. The optical sorting plant, the first to be commissioned by an industrial minerals producer in Southern Africa, enables... 

Feasibility study explores in-pit crushing for Grootegeluk mine

By: Guy Copans     11th May 2007 Diversified mining company Exxaro is undertaking a feasibility study looking at the possibility of using in-pit crushing as part of the expansion of the Grootegeluk coal mine to meet the recently announced contract to supply Eskom with 7,3 Mtpa of coal for the new Medupi power station at... 

Future of SA coal market looks bright - Xstrata

By: Guy Copans     11th May 2007 The outlook for coal in South Africa for both local consumption and export, is looking good, says mining company Xstrata communications manager Songezo Zibi. 

RBCT awards expansion allotments to eight companies

By: Matthew Hill     10th May 2007 The world's biggest single coal terminal, Richards Bay Coal Terminal, on Thursday announced the allocations of 9-million tons of its phase five expansion, coming on line in 2009. 

Spotlight shifts to Spoornet as RBCT awards expansion allotments

By: Matthew Hill     10th May 2007 South Africa's Department of Minerals and Energy has called for State-owned rail utility Spoornet to come to the party after it became clear on Thursday that there would be enough coal to fill the Richard Bay Coal Terminal's (RBCT's) expanded 91-million ton capacity, to come on... 

SA to get new beneficiation base levels by year-end

By: Matthew Hill     9th May 2007 South Africa's Minister of Minerals and Energy, Buyelwa Sonjica, would by the end of the year gazette minimum levels to which miners in South Africa would have to beneficiate their minerals before exporting, a top official said on Tuesday. Department of Minerals and Energy (DME) mineral... 

All systems go for R66bn coal-fired power station build, SA's first in two decades

By: Terence Creamer     8th May 2007 The construction subsidiary of State-owned power utility Eskom is gearing up to move on to the Lephalale site, in the Limpopo province, for the construction of South Africa’s first new greenfield coal-fired power station in more than two decades. This, following receipt of an environmental... 

Miranda lifts stake in KZN colliery

By: Nelendhre Moodley     7th May 2007 JSE-listed junior exploration company Miranda Minerals coal division has announced that it in line with its strategy of extending its holdings in coal assets, its wholly owned subsidiary, Molebogeng Mining and Investments (Molebogeng), had increased its shareholding in Sesikhona Kliprand Colliery... 

Capesize ship rates rise to record on China’s iron-ore demand

By: Bloomberg     4th May 2007 The cost of hiring Capesize bulkers, the largest type of ship that carries iron ore and coal, rose to a record on China’s demand for raw materials. 

Mvela shareholders approve 1bn new shares

30th April 2007 Black-empowered mining firm Mvelaphanda Resources announced on Monday that, at a general meeting, shareholders had voted to pass a special resolution to create one-billion unissued shares. 

Commodity shipping costs on Panamax vessels may rise on supply

By: Bloomberg     27th April 2007 The cost of transporting coal, iron-ore and other so-called dry-bulk commodities on medium-sized ships, at its highest in more than two years, may rise because fewer larger vessels are available for hire. 

Near-zero emissions project to be fast-tracked

By: Dennis Ndaba     27th April 2007 The FutureGen Alliance and the US Department of Energy (DoE) have agreed to move the FutureGen project to its next stage of development. The recently signed agreement will keep FutureGen, the world’s first near-zero emissions, coal-fuelled power plant, on the fast track through several... 

'Recovered' BHP Billiton coal operations move into continuous-improvement mode

By: Martin Creamer     26th April 2007 The South African coal operations of diversified global miner BHP Billiton have emerged from the recovery phase and advanced into continuous-improvement mode, COO of BHP Billiton Energy Coal South Africa (BECSA) Wayne Isaacs tells Mining Weekly. 

BHP Billiton reports record production levels

By: Nelendhre Moodley     24th April 2007 Global diversified resources group BHP Billiton reported record production for the first nine months of its financial year, underpinned by strong customer demand, the company said in a report on Tuesday. 

Spoornet insists it will keep up with coal export demand

By: Matthew Hill     23rd April 2007 State-owned Transnet on Sunday defended its rail freight subsidiary, Spoornet, after media reports last week potentially cast doubt on its ability to fulfil its critical role in South Africa’s economy. 

Another acquisition for Scharrig Mining

By: Nelendhre Moodley     19th April 2007 Mining services company Scharrig Mining (Scharrig) has bought mining contractor CCT for R50-million, the company said on Thursday. 

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