R/€ = 16.88 Change: 0.00
R/$ = 14.37 Change: 0.00
Au 1199.01 $/oz Change: 0.57
Pt 828.50 $/oz Change: 0.09

Coal News

Study on for R20bn Moz coal project

22nd May 2002 South Africa’s Industrial Development Corporation (IDC), together with foreign and local partners, is studying a R20-billion coking coal and energy project in Mozambique. 

Coal terminal project hits another snag

By: Terence Creamer     14th May 2002 Optimism has turned to frustration yet again as the planned 10-million t/y expansion of the strategic Richards Bay Coal Terminal (RBCT) in Kwazulu-Natal appears to have hit another snag. 

Coal producer to cut output by 800 000 t

9th May 2002 Swiss miner Xstrata has announced that its coal business will be implementing a series of initiatives, which will reduce Xstrata Coal’s production of export thermal coal by some 800 000 tons in the April to June quarter. 

Coal talks deadlock continues

7th May 2002 The Australia-Japan coal price negotiations have now remained deadlocked for over four months, but prospects for the world’s producers of export hard coking coal have received a significant boost with the recent reported price settlement struck with some European steel mills at $48/ton FOB. 

SA eyes 82-million tons of coal exports by 2004

By: Deborah Spicer     6th May 2002 Despite several delays, it appears that the expansion of South Africa's highly-successful coal terminal in Kwazulu-Natal is poised to proceed, which will herald the start of a new era in the country's coal-trading history. 

Coal miners affected by rail bomb attacks

6th May 2002 The port railway linking Latin America’s biggest open-face coal mine, Colombia’s Cerrejon Zona Norte, could be blocked for several days after a bomb attack that derailed 20 wagons, the mine said. 

SA eyes 82-million tons of coal exports by 2004

By: Deborah Spicer     3rd May 2002 A memorandum of understanding between the National Ports Authority (NPA) and the Richards Bay Coal Terminal (RBCT), that allows the terminal’s phase-five expansion to go ahead despite a lack of concensus on the lease agreement for the portion of NPA-owned land on which the expansion is due... 

New coal shaft for Secunda

By: Joanne Delaurentis     3rd May 2002 The new coal-mine shaft officially opened at Sasol Mining’s Middelbult operations in Secunda last week, will enable miners to reach the face four times faster than what they previously could. 

India hopes to replicate SA's coal-to-oil success

By: Martin Zhuwakinyu     3rd May 2002 In what could be a precursor to the importation of synthetic fuels giant Sasol’s coal-to-oil technology by India, the governments of India and South Africa have agreed to examine the possibility of setting up a joint working committee on coal which, among other things, will look into how... 

Multicommodity group sees energy-coal output fall

29th April 2002 The world’s largest diversified miner, BHP Billiton said its thermal coal output was hit by third quarter market weakness but its overall production was solid in extremely difficult conditions. 

Coal firm to trim output

29th April 2002 Diversified miner BHP Billiton’s wholly owned subsidiary, Ingwe Coal, announced revised production plans, which will result in a short term reduction in energy coal available for the export market. 

Junior coal firm in export push

By: Irma Venter     19th April 2002 Junior coal-miner Carolina Coal is in the process of growing its export market by 50% to 70% in the next three years. 

Study advances for new million-ton coal-mine

By: Joanne Delaurentis     12th April 2002 The initial phase of the feasibility study for the development of Kumba Coal’s new Kalbasfontein mine, in Mpumalanga, has been completed, and a second value-engineering phase is under way to determine ways in which to optimise the profitability of the resource, reports Kumba Resources GM of... 

Still big scope for mining empowerment

12th April 2002 THERE is scope for many more empowerment transactions in the resources sector. 

Does SA have coal reserves to sustain exports?

12th April 2002 WITH plans afoot to increase South Africa's coal export capacity to about 84-million tons by 2003/4, does the country have sufficient reserves to meet this expansion as well as satisfy the projected local demand? 

Mining group in OZ coal acquisition

12th April 2002 Resources group Anglo American said it had agreed to buy a 51% stake in Australia’s Moura coal-mine from Japan’s Mitsui. 

Still no deal on coal, iron-ore contract prices

3rd April 2002 Australia’s huge coal and iron-ore export trade to Japan has ticked over into stopgap provisional prices because of a three-month standoff over contract prices for 2002/3. 

Malawi to hold mining exhibition

By: Marcel Chimwala     29th March 2002 MALAWI - Malawi will hold a mining exhibition from July 25 to 27 in its commercial capital Blantyre to allow local and international mining companies sample the mineral potential of the country. The theme of the exhibition is mining for economic diversity. 

E Cape coalfield could be reopened soon

15th March 2002 The reopening of the Molteno-Indwe coalfield in the Eastern Cape is close to implementation, a source close to the project told Mining Weekly, although he declined to be mentioned. 

R475m finance for coal terminal expansion

14th March 2002 South Africa’s South Dunes Coal Terminal (SDCT) has secured R475-million in financing to help expand the country’s Richard’s Bay coal export terminal (RBCT). 

Powering black coal empowerment

12th March 2002 Black-owned coal companies sold a significant R1,139-billion worth of coal to South Africa’s State-owned electricity utility Eskom in 2001. 

Port authority in final talks on coal terminal

5th March 2002 Negotiations regarding a new lease agreement and a tariff structure between the National Ports Authority (NPA) and the Richards Bay Coal Terminal (RBCT) are currently under way – on completion, the way will be opened for a significant expansion of the coal terminal. 

Electronic coal auction first

4th March 2002 The world’s first electronic coal auction by UK Coal Mining has been completed successfully. 

Resources giant closes Oz colliery

18th February 2002 Diversified resources giant BHP Billiton said at the weekend that it would close the Tower Colliery in Australia's New South Wales state, citing limited coal recovery capacity and major geological problems. 

Changing the global face of coal

4th February 2002 The turn of the century has heralded the transformation of coal, the Cinderella of the world energy market, into a more modern and competitive fuel. 

Coal's new e-marketplace facilitating 340-million ton-a-year worth of trade

By: Laura Franz     1st February 2002 The turn of the century has heralded the transformation of coal, the Cinderella of the world energy market, into a more modern and competitive fuel. 

Swiss group in coal talks

1st February 2002 Swiss minerals group Xstrata said it had been in discussions with commodities house Glencore regarding the acquisition of Glencore’s coal assets in Australia and South Africa. 

Real-time monitor of coal-mining systems

By: Laura Franz     25th January 2002 After the successful conclusion of a year-long pilot study, environmental and process instrumentation company Sperosens, of Pretoria, is ready to release a new on-board telemetry and safety interlocking system to the local coal-mining sector, reports Spero Group engineering and product support... 

Coal-line tariff deadlock breakthrough

25th January 2002 The looming deadlock between a consortium of coal companies and CoalLink over negotiations surrounding rail tariffs for the ten-million-tons-a-year Richards Bay Coal Terminal (RBCT) expansion has been resolved Mining Weekly can today report. 

RBCT expansion now awaits port approval

23rd January 2002 With rail issues resolved, coal industry members are now in discussions with Portnet to finalise the proposed R650-million expansion of the Richards Bay Coal Terminal. 

Mining group expands US coal reserves

22nd January 2002 Mining company Rio Tinto’s wholly-owned US subsidiary, Kennecott Energy, has expanded its Jacobs Ranch coal reserves in the Powder River Basin of Wyoming, US, following a successful bid of 70,6 cents per ton or $379,5-million for the North Jacobs Ranch tract. The North Jacobs Ranch tract... 

Mining giant sells one coal-mine, approves another

11th December 2001 Resources company BHP Billiton has announced the completion of the sale of its 80% interest in the Arutmin Indonesia energy coal operations to Bumi Resources, effective November 30. 

SA coal trades fall below $29/t

3rd December 2001 Two South African trades by globalCoal market members were executed below $29 at a weighted average price of $28,78 per ton. 

Firm strategically positioned for growth

By: Deborah Spicer     30th November 2001 Having completed a five-year re-engineering drive, Kumba Resources is intent on making its strategic business units (SBUs) more efficient by increasing the volumes produced and critically challenging potential investments. 

Tariffs train smash could delay coal terminal expansion

By: Terence Creamer     30th November 2001 Negotiations between a consortium of coal companies hoping to benefit from the 10-million-ton-a-year expansion at the Richards Bay Coal Terminal (RBCT) and State-owned coal transporter, COALlink appear to be on the brink of deadlock. 

$100m for Russian coal-mining sector development

29th November 2001 The release of a $100-million loan to help Russia restructure its coal-mining sector has been approved by the World Bank, reports The Moscow Times. 

Unbundled firm names proposed BEE partner

28th November 2001 South African mining group Kumba Resources said that it is in talks with unlisted Eyesizwe Coal to form a strategic coal partnership in South Africa. 

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