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Coal News

Transnet holds RBCT expansion in its hand

By: Martin Czernowalow     4th March 2003 An announcement regarding the Richards Bay Coal Terminal (RBCT) expansion is expected soon, as shareholders await approval from Transnet’s board to proceed with proposals for the project, Mining Weekly Online can report. 

Coal export breakthrough is expected imminently

     28th February 2003 A breakthrough in negoti-ations about the export allocation of a million tons of coal from the Richards Bay Coal Terminal may occur soon. 

Mid-tier miner has strategy for a 15% BEE ownership

By: Deborah Spicer     28th February 2003 Diversified mid-tier miner, Metorex, is intent on improving its empowerment profile in line with requirements that 15% of all mining assets be in black hands within five years. 

Company completes testbed upgrading

By: candice haase     21st February 2003 A specialised designer and manufacturer of high-voltage electrical machines upgraded its testbed to ensure it can compete successfully in the industry. 

New air motors to be introduced

By: candice haase     21st February 2003 The South African arm of the German company Demag, active in the materials-handling sector, is introducing a new technology to the range of products it already supplies to the local market. 

Order secured as coal company upgrades

     21st February 2003 Local company Sasol Coal Supply’s upgrade to its East and West Stock Yards has provided Hansen Power Transmissions with a substantial order. 

Xstrata sets up committee to achieve BEE targets

By: Joanne Delaurentis     21st February 2003 London-listed diversified mining and metals group Xstrata claims to have taken a proactive approach to the industry requirements for black economic empowerment (BEE) laid out in South Africa’s new Mineral and Petroleum Resources Development Act and the subsequent Empowerment Charter... 

Metorex optimistic of coal export breakthrough

By: Deborah Spicer     21st February 2003 A breakthrough in negotiations about the export allocation of a million tons of coal from the Richards Bay Coal Terminal may occur soon, revealed Metrorex executive chairperson Simon Malone at the company’s quarterly results this week. 

Thermal coal price set to fall – report

     14th February 2003 The tough and protracted export coal price negotiations, that marked 2002, will be repeated this year as buyers and sellers come to grips with evolving market structures, says Australian-based independent research house AME Economics in a report. 

Weak coal saps Xstrata’s profits

     11th February 2003 London-listed miner Xstrata said yesterday its underlying profits fell 17% in 2002 as it suffered at the hands of depressed coal and zinc prices and the sluggish global economy. 

Weak coal price seen hurting Xstrata

By: Martin Czernowalow     10th February 2003 Weak coal prices are set to take a toll on London-listed metals and mining group Xstrata’s full-year results, its first since a transforming deal last year to buy most of commodities group Glencore's coal operations. 

Study on to add value to coal fines

By: Martin Zhuwakinyu     7th February 2003 Research into the dense-medium beneficiation of fine coal and the agglomeration of coal fines without a binding agent, which is being undertaken as part of the Coaltech 2020 initiative, has produced encouraging results, but the project-implementation team stresses it is early days yet to say if a... 

BEE acquires 25% of Kangra Coal

     5th February 2003 Empowerment firm, MCI Resources, the resources arm of Cyril Ramaphosa’s Millennium Consolidated Investments, announced yesterday that it had acquired a 25% stake in Graham Beck’s coal business - Kangra. 

Multimillion-rand market-coke project being studied

By: Terence Creamer     31st January 2003 Carbon products manufacturer Suprachem, a subsidiary of steel giant Iscor, is studying a multimillion-rand project to increase its production of market coke, which it supplies to the South African ferro-alloy, foundry and iron and steel industries. 

Anglo Coal acquires stake in Aussie deposit

     27th January 2003 Last week, Anglo Coal (German Creek), a wholly-owned subsidiary of Anglo American, announced that it had agreed to purchase a 70% interest in the Girrah coal deposit in Central Queensland from Wesfarmers Curragh, a wholly-owned subsidiary of Wesfarmers Limited. 

Training facility at Namibian zinc-mine delivers results

     24th January 2003 The first zinc cathode was pulled from the electrowinning cells in the tank house at Skorpion Zinc’s training facility site near Rosh Pinah in southern Namibia recently. 

Big change is forecast for the local coal industry

By: Martin Czernowalow     24th January 2003 The face of South Africa’s coal industry, as well as the economy of this coal-dependent country, are both set to change in the near future, predicts the Mineral Bureau’s chief mineral economist, Xavier Prevost. 

Suprachem studying market-coke project

By: Terence Creamer     22nd January 2003 Carbon products manufacturer Suprachem, a subsidiary of steel giant Iscor, is studying a multi-million-rand project to increase its production of market coke, which it supplies to the South African ferro-alloy, foundry and iron and steel industries. 

US puts $1,3bn behind clean-coal push

     22nd January 2003 US Secretary of Energy, Spencer Abraham, recently announced the first eight projects chosen by the Department of Energy in the initial phase of President George W Bush's Clean Coal Power Initiative. 

Fresh coal-terminal expansion announcement expected this month

By: Martin Czernowalow     17th January 2003 The National Ports Authority (NPA) says it will make an announcement regarding the expansion of the Richard’s Bay Coal Terminal (RBCT) before the end of this month. 

Columbian coal mine boosts sales

     17th January 2003 Colombian coal producer, El Cerrejon, will boost exports to $600-million in 2003 from $540-million last year and hopes to invest $500-million to increase production to 28-million tons a year by 2007, the company's president said yesterday. 

Big change forecast for SA coal industry

By: Martin Czernowalow     15th January 2003 The face of South Africa’s coal industry, as well as the economy of this coal-dependent country, are both set to change in the near future, predicts the Mineral Bureau’s chief mineral economist, Xavier Prevost. 

Fresh coal-terminal expansion announcement expected this month

By: Martin Czernowalow     9th January 2003 The National Ports Authority (NPA) says it will make an announcement regarding the expansion of the Richard’s Bay Coal Terminal (RBCT) before the end of January. 

Xstrata increases stake Australian coal miner

     9th January 2003 Swiss-based metals and mining firm, Xstrata said yesterday it had acquired a further 11,5% stake in Australian coal miner Oakbridge, from Japan's Tomen, for $58-million. 

Mineral legislation is set to transform coal landscape

By: Zonika Botha     13th December 2002 The new Mineral and Petroleum Resources Development legislation is poised to facilitate greater participation of previously-disadvantaged people in the lucrative South African mining industry. 

Billion-rand coal plan in the spotlight

By: Martin Creamer     6th December 2002 One of the big coal mine expectations for the New Year is the proposed new billion-rand Klipspruit coal-mine, planned in Mpumalanga, South Africa’s coal province. 

Progress in RBCT expansion talks

By: Martin Czernowalow     26th November 2002 The project to expand the Richard’s Bay Coal Terminal (RBCT) may at last be a step closer to materialising, however, uncertainty still lingers regarding when the venture could move ahead. 

Drill monitoring and navigation system installed at colliery

     22nd November 2002 The application of Megapump, a repump emulsion explosive, can increase blast performance and reduce costs in underground operations. 

BEE coal group eyes Leandra opportunity

By: Joanne Delaurentis     22nd November 2002 Transference of the ownership of Ingwe’s Delmas colliery, in Mpumalanga, from the stable of large international resources group BHP Billiton into the hands of relatively new black-owned coal-mining entrant Kuyasa Mining has not been without its challenges. 

Xstrata may bid for Aussie coal interest

     22nd November 2002 European-based miner Xstrata will make a friendly bid for Australian miner MIM with the two groups having held detailed discussions on a takeover offer, the Australian Financial Review reported on yesterday. 

Antimony, coal lift miner’s earnings

     14th November 2002 South African miner, Metorex, reported that its results for the quarter ended September 30 showed a substantial 325% increase from the previous year in attributable earnings, which translated into a 230% increase in headline earnings per share, following the additional 18-million shares issued in... 

Shaft-mounted drive suited to quarrying

By: candice haase     1st November 2002 A product that will benefit conveyor-belt applications in the quarrying sector is the addition of Falk Corporation’s Quadrive shaft-mounted speed-reducer to the range distributed by Voith Turbo, a South African subsidiary of the German engineering giant. 

Miner mulls counterbid for coking coal firm

     28th October 2002 Mining giant Anglo American is considering whether to trump Sherritt International's $1-billion hostile bid for Canadian coking coal firm Fording, the UK's Business newspaper said on Sunday. 

State, private-sector alliance is needed for low-smoke-fuel success

By: Martin Zhuwakinyu     25th October 2002 The government and private companies have been urged to join forces in a project to make low-smoke fuel to replace coal as a source of energy for millions of households across South Africa. 

R50m materials-handling contract for coal mine

     25th October 2002 A R50-million contract, to expand the plant at Anglo Coal’s Kleinkopje Colliery, has been awarded to bulk materials-handling and minerals processing specialist Osborn. 

Talks continue between ports body and coal terminal

By: Martin Czernowalow     23rd October 2002 Though there is still no indication from the National Ports Authority (NPA) when the Richard’s Bay Coal Terminal (RBCT) expansion will proceed, but further negotiations between the various stakeholders are expected to recommence shortly. 

Flameproof plug and socket is proving popular with coal-miners

By: candice haase     11th October 2002 The coal mining industry has reacted positively to a 250 A flame proof plug and socket introduced to the market in June. 

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