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Coal News

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. 

Spoornet won't match expanded RBCT capacity by 2009

By: Matthew Hill     18th April 2007 State-owned rail utility Spoornet would not likely be able to rail enough coal to fill the Richards Bay Coal Terminal's (RBCT's) expanded capacity of 91-million tons a year, when its 19-million tons a year growth project comes on stream in 2009, Spoornet said on Wednesday. Speaking at a... 

Platinum nudging Anglo ahead of BHP and Rio, Trahar says on last day at Anglo office

By: Martin Creamer     16th April 2007 Platinum had come to the fore to nudge Anglo American plc ahead of its diversified mining rivals BHP Billiton and Rio Tinto, outgoing Anglo American plc CEO said on his last day at the Anglo office. Trahar told Mining Weekly Online in an exclusive telephone interview from London that Anglo had... 

Exxaro boosts free float to 25,7%

By: Nelendhre Moodley     16th April 2007 Diversified resources group Exxaro Resources (Exxaro) on Monday announced finalising the repurchase and placing of Exxaro shares to exceed its target of at least a 25% free float. 

Coal, iron-ore ship rates may climb to record on China, port bottlenecks

By: Bloomberg     13th April 2007 Shipping rates for iron-ore and coal may rise to a record this year and gain further until 2010, driven by demand from China and port bottlenecks, executives and analysts said. 

More investments needed in zero-carbon technologies

By: Dennis Ndaba     13th April 2007 The Massachusetts Institute of Technology (MIT) has issued a report examining how the world can continue to use coal, an abundant and inexpensive fuel, in a way that mitigates, instead of worsens, the global warming crisis. 

GVM completes share placement, moves ahead with SA acquisitions

By: Nelendhre Moodley     10th April 2007 JSE-, ASX- and Aim-listed coal and metal alloys firm GVM Metals on Tuesday announced that it had raised some �12,7-million, by placing about 37,35-million new shares in GVM, at 34p a share, to fund the acquisition of Kelso Mining Limited. 

Xstrata offers $322m for Australia's Gloucester Coal

By: Nelendhre Moodley     10th April 2007 Diversified mining major Xstrata on Tuesday announced an agreed cash bid of $322-million for Gloucester Coal, an Australian coal company operating in the Gloucester Basin in New South Wales. 

Eskom awards coal contract for new power station

By: Liezel Hill     29th March 2007 Diversified resources group Exxaro Resources Limited (Exxaro) and State-owned power utility Eskom had agreed on the price and terms of the long-awaited coal supply agreement for Eskom’s new power station in Lephalale, Limpopo Province, the two said in a joint statement late on Thursday. Exxaro’s... 

Hwange Colliery reports improved full-year profit

By: Matthew Hill     23rd March 2007 Zimbabwe-based and JSE-listed coal producer Hwange Colliery Company announced on Thursday night that it had posted an attributable profit of R304-million, or Zim$10,1-billion, which was a significant improvement on the previous year’s figure of Zim$264-million. 

Pan African Mining’s exploration project in Madagascar advances

23rd March 2007 Madagascar, coal, exploration, development 

Let's counter global anticoal pressure jointly, Queensland premier urges South Africa

By: Martin Creamer     22nd March 2007 With coal under enormous political pressure globally, South Africa and Queensland had a mutual mining interest in ensuring the future of coal for the next two centuries, Queensland Premier Peter Beattie said in Johannesburg on Tuesday. 

Richards Bay expects to reopen port early Wednesday

By: Matthew Hill     20th March 2007 Richards Bay Port, which houses the biggest single coal terminal in the world, should be back in business on Wednesday morning at 06:00, after it had been forced to shut on Sunday, owing to extreme maritime conditions, spokesperson Maria Rankins said late on Tuesday afternoon. 

Queensland invests A$1bn in clean-coal technology

By: Mariaan Webb     20th March 2007 The government of Queensland, in Australia, is investing A$1-billion (about R5,91-billion) on clean-coal technology as it aims to advance the world's first zero-emission coal-fired power station to a commercial stage, Queensland premier Peter Beattie said on Tuesday. 

Richards Bay mulls opening port as weather improves

By: Matthew Hill     20th March 2007 Richards Bay Port, which houses the biggest single coal terminal in the world, was still closed on Tuesday morning, although the weather was “much better”, port spokesperson Maria Rankin said on Tuesday. 

Tantalum-miner starts trading in London

By: Nelendhre Moodley     20th March 2007 British tantalum producer Noventa said on Tuesday that 34 286 881 ordinary shares, of £0,0004 each, in the company had been admitted to the Alternative Investment Market and 4 600 497 ordinary shares had been placed at a price of 175 p an ordinary share. 

Inclement weather halts RBCT exports

By: Matthew Hill     19th March 2007 The largest coal terminal in the world, the Richards Bay Coal Terminal (RBCT), had not exported any coal on since 06:00 on Sunday morning, when stormy weather caused the Richards Bay Port to close, along with Africa’s busiest port, Durban. 

Clean-coal costs could spark coal rout, ex-World Coal Institute

By: Martin Creamer     16th March 2007 It’s damned if you do, damned if you don’t. Coal simply has to clean up its act. But if it does, it might well lose its market. Outgoing World Coal Institute chairperson Roger Wicks conceded that to Eskom MD resources and strategy Dr Steve Lennon during question time at the packed... 

Eskom board to meet end-March on Project Alpha coal contract

By: Mariaan Webb     14th March 2007 The Eskom board would meet on March 29 to approve the coal contract for Project Alpha, the new coal-fired baseload power station the company planned to build near Lepahale. 

Bateman recruits 100-plus Indian professionals, lifts order intake 210%

By: Martin Creamer     12th March 2007 London Aim-listed Bateman Engineering had recruited more than 100 professionals in India, which was providing counterbalance to demand inflation the company was encountering in its other offices globally, CEO Dr Sivi Gounden told Mining Weekly Online on Monday, after posting record results.... 

GVM posts R2,5m H1 profit

12th March 2007 JSE-, ASX- and Aim-listed coal and metal alloys firm GVM Metals recorded a profit of R2,5-million for the six months ended December 31, and headline earnings a share of R4,21 for the period, it said in a note to the Johannesburg bourse, on Monday. 

New clean-coal laws could spark "very swift" shutdowns, ex-World Coal Institute chair concedes

By: Martin Creamer     8th March 2007 A "very significant and swift" shutdown of coal-fired power stations could result if carbon capture and storage (CSS) were made obligatory in the European Union (EU), as was being mooted, outgoing World Coal Institute chairperson Roger Wicks conceded in Johannesburg on Wednesday. Wicks, also head... 

EU, SA in exploratory clean-coal investment talks

By: Terence Creamer     9th February 2007 Exploratory discussions are under way between the European Commission (EC) and South Africa’s Department of Environmental Affairs and Tourism (Deat) that could result in South Africa’s direct participation in a large-scale clean-coal technology rollout being proposed by the 27-country... 

Hungry for Black Gold

By: Jade Davenport     9th February 2007 It is estimated that, by 2020, India will need three times as much energy as it is using today in order to meet the demands of the rapidly expanding economy, which is currently growing at an average of 7% a year. 

CLEAN COAL: The world is going all out for the ultimate – zero-degree emission

By: Irma Venter     9th February 2007 South Africa is a coal-loving country. We have received it in abundance and, making use of this act of geological generosity, have figured out how to turn low-quality coal into the world’s cheapest electricity, while exporting the good stuff to countries abroad, fattening a few coffers... 

Jan RBCT exports fell 24% - report

5th February 2007 Coal exports from the Richards Bay Coal Terminal (RBCT) were 24% lower in January than a year earlier, Bloomberg reported on Monday, citing an official familiar with the shipments. The terminal shipped 3,98-million metric tons of coal in the first month of 2007, compared with 5,22-million tons in... 

GVM raises R34,5m for SA coal interests

30th January 2007 Aim-, ASX- and JSE-listed mining and metal processing company GVM Metals on Thursday reported that it had placed 12,2-million shares to raise R34,5-million for the development of the company's expanding coal interests in South Africa. 

RBCT exports may drop to 5-year low in Jan

By: Jade Davenport     30th January 2007 Coal exports from the Richards Bay Coal Terminal may fall to a five-year low in January, McCloskey Coal's Gerard McCloskey told a conference in Cape Town on Tuesday. 

Exxaro starts construction at Inyanda coal mine

29th January 2007 Diversified resources group Exxaro Resources (Exxaro) announced on Monday that it had started the construction programme for its new Inyanda coal mine, near Witbank in Mpumalanga, and expected it to reach full production during 2008. 

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