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Coal News

Former coal lobbyist takes over EPA from embattled chief Pruitt

By: Bloomberg     6th July 2018 The new head of the EPA is a former Senate staffer who has worked behind the scenes to quash climate change legislation and promote coal. Andrew Wheeler, 53, now the Environmental Protection Agency’s No. 2 official, will take over Monday as acting administrator following the resignation of Scott... 

Custom lube vehicle boosts mine’s safety, productivity

6th July 2018 Earthmoving equipment distributor Hitachi Construction Machinery Africa, in conjunction with its Mozambique subsidiary dealership, Hitachi Construction Machinery Mozambique, has designed and provided a custom-built lubricant vehicle for diversified mining giant Vale to enhance the availability of... 

Custom lube vehicle boosts mine’s safety, productivity
ENGENDERING SAFETY Hitachi’s custom-built lubricant vehicle enhances safety and optimises equipment availability

Junior miners against Mining Charter III, claim they haven’t benefited from previous iterations

By: Nadine James     6th July 2018 SRK Consulting principal geologist and partner Mark Wanless has suggested that despite government’s stated intention of nurturing a junior mining sector, feedback from last month’s Junior Mining Indaba demonstrated that this commitment has yet to be met.  “There is a strong sentiment among junior... 

Junior miners against Mining Charter III, claim  they haven’t benefited from previous iterations
MARK WANLESS There is a strong sentiment among junior mining companies that they are marginalised and excluded from the action,

Company expands South American service offering

By: Jessica Oosthuizen     6th July 2018 As part of its coordinated international strategy, minerals processing specialist Multotec is establishing a joint venture (JV) in Belo Horizonte, Brazil, which will enhance its presence in the South American region, says Multotec screening media VP Roy Roche. He tells Mining Weekly that the... 

Company expands South American service offering
PRODUCT STRATEGY Multotec is following a five-product strategy focussed on screening media, cyclones, samplers, spirals and ceramic linings in its targeting of South America

Free-carry interest will foster loyalty among mining employees – Mantashe

By: Nadine James     5th July 2018 Mineral Resources Minister Gwede Mantashe noted that the free-carry stipulation in the latest draft Mining Charter will result in workers deriving immediate value, thereby fostering diligent performance and loyalty towards employers, as workers strive to enhance and improve “their" mine. “It is... 

Free-carry interest will foster loyalty among mining employees – Mantashe
Mineral Resources Minister Gwede Mantashe

Exxaro goes digital at new Mpumalanga coal mine

By: Anine Kilian     5th July 2018 Diversified resources company Exxaro Resources on Thursday broke ground on its R3.3-billion “smart” Belfast mine, in Mpumalanga. The mine is the first of its kind in South Africa and will have a digital twin – a complete digital replica of the mine that will allow management and the contracted... 

Exxaro goes digital at new Mpumalanga coal mine
Photo by Dylan Slater
Exxaro CEO Mxolisi Mgojo

Cabinet’s failure to consider IRP threatens mid-August deadline

By: Terence Creamer     5th July 2018 South Africa’s Cabinet did not deliberate on the Integrated Resource Plan (IRP) at its most recent fortnightly meeting, potentially threatening Energy Minister Jeff Radebe’s self-imposed mid-August deadline for finalising the long-awaited update to the electricity generation plan. Communications... 

Cabinet’s failure to consider IRP threatens mid-August deadline
Photo by GCIS
Communications Minister Nomvula Mokonyane

Shondoni to help sustain Sasol's Secunda Complex until 2050 

By: Nadine James     5th July 2018 The inauguration of Sasol's R5.5-billion Shondoni Colliery, on Thursday, was attended by Mineral Resources Minister Gwede Mantashe, Mpumalanga Finance, Economic Development and Tourism MEC Eric Kholwane and Goven Mbeki municipality executive mayor Thandiwe Ngxonono. The Shondoni mine is part of a... 

Shondoni to help sustain Sasol's Secunda Complex until 2050
Sasol joint president and CEO Bongani Nqwababa discusses the Mine Replacement Programme and the Shondoni Colliery, the opening of which was attended by Mineral Resources Minister Gwede Mantashe. Video and editing: Nicholas Boyd.

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Record Qld exports driven by coal and LNG

By: Esmarie Swanepoel     5th July 2018 Queensland’s exports have risen to a record A$73.8-billion in the year to May, with coal and liquefied natural gas (LNG) exports driving the growth. Coal exports reached A$32.8-billion in the year to May, which was up more than A$5-billion on the previous year, reflecting the improvement in... 

Imaloto IPP in Madagascar progressed well during second quarter

By: Marleny Arnoldi     4th July 2018 The granting of a 30-year concession agreement during the second quarter of this year was a critical milestone for the Imaloto coal-fired independent power project (IPP), in Madagascar, aligning its development with that of the government’s broader plans, Bushveld Minerals CEO Fortune Mojapelo... 

Imaloto IPP in Madagascar progressed well during second quarter
Bushveld Minerals CEO Fortune Mojapelo

Hwange of Zimbabwe coal output to surge on underground mining

By: Bloomberg     2nd July 2018 Hwange Colliery Co expects to boost underground coal production five-fold this month when it restarts operations after a two-year hiatus, a company official said. The resumption will help the loss-making company tap more lucrative deposits of coking coal, used to make steel, as it seeks to... 

Yancoal applies for Hong Kong listing

By: Esmarie Swanepoel     2nd July 2018 Coal miner Yancoal has applied for dual listing on the Hong Kong Stock Exchange to increase share liquidity and to diversify its investor base. Yancoal on Monday said that it would maintain its listing on the ASX flowing the Hong Kong Listing, with shares to be traded on both bourse.  

Kibo reaches final PPA discussion phase for MCPP

By: Simone Liedtke     29th June 2018 Aim- and AltX-listed Kibo Mining has reached the final phase of discussions with the Tanzania Electric Supply company (Tanesco) regarding the power purchase agreement (PPA) for its Mbeya coal-to-power project (MCPP). Kibo on Friday resubmitted a reformatted integrated bankable feasibility study... 

Mongolian Parliament OKs plan to sell 30% of Tavan Tolgoi mine

By: Bloomberg     29th June 2018 Mongolian lawmakers approved a plan to sell up to 30% of the troubled Tavan Tolgoi coal mine in the Gobi desert, the latest attempt to develop what’s anticipated to be massive coking and thermal coal deposits. The north Asian country’s Parliament on Friday voted in favor of an initial public... 

Radebe says labour cannot be 'left behind' in energy transition 

By: Terence Creamer     29th June 2018 Energy Minister Jeff Radebe urged business to support government in ensuring that South Africa’s energy transition is a “just” one for labour, especially those operating in the coal-mining sector. In an engagement on Friday with business leaders in Johannesburg, following a meeting of the energy... 

Radebe says labour cannot be 'left behind' in energy transition
Photo by Dylan Slater
Energy Minister Jeff Radebe

Bathurst signs up for Jameson's Canadian coal project

By: Esmarie Swanepoel     29th June 2018 ASX-listed junior Jameson Resources has reached an agreement with fellow listed coal miner Bathurst Resources to fund the development of the Crown Mountain coking coal project, in Canada. Bathurst will provide an initial C$4-million investment into Jameson’s Canadian subsidiary NWP Coal Canada,... 

Thiess wins A$480m contract for QCoal

By: Esmarie Swanepoel     29th June 2018 ASX-listed Cimic’s mining services provider Thiess, has been awarded a A$480-million contract from QCoal to continue operations at the QCoal Northern Hub, in Queensland. The four-year contract will see Thiess continue to provide mining services at the hub, which includes the Sonoma North, Drake... 

Exxaro commits to leading SA coal sector to ‘a new way of working’

By: Nadine James     29th June 2018 Worsening pollution crises and global warming have brought the world’s critical dependence on fossil fuels into the spotlight and the need for more sustainable and renewable energy solutions has become increasingly urgent, notes coal miner Exxaro, which has recommitted to being part of the... 

Wescoal sells Intibane collieries

By: Simone Liedtke     28th June 2018 Coal miner Wescoal has entered into sale agreements with Tokata Resources and Banjosign to dispose of its Intibane 1 and Intibane 2 collieries, in Mpumalanga. The disposal will become effective on or about July 1. 

Exxaro expects H1 thermal coal output to rise 1%

By: Reuters     28th June 2018 Exxaro Resources Ltd expects coal production for the half year to June 30 to increase by 1.7% to 23.52-million tonnes, the South African coal miner said on Thursday. It expects thermal coal output to rise by 1% to 22.307-million tonnes and metallurgical coal to increase by 12% compared with the... 

Coal miner, community set to meet in public debate to discuss Yzermyn underground coal mine

By: Simone Liedtke     28th June 2018 India-owned mining company Atha Africa Ventures is set to engage in a public debate with the community to discuss the potential impacts and remediation of a proposed coal mine near Wakkerstroom, in Mpumalanga, on Friday, June 29. This open forum community-oriented debate will allow all parties,... 

Coal miner, community set to meet in public debate to discuss Yzermyn underground coal mine

Kibo, Termoeléctrica finalise Benga JV in Mozambique

By: Marleny Arnoldi     28th June 2018 Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW... 

Universal beats FY18 expectations

By: Esmarie Swanepoel     28th June 2018 South Africa focused coal producer Universal Coal on Thursday told shareholders that attributable earnings before interest, tax, depreciation and amortization (EBITDA) was 28% higher for the 2018 financial year, compared with the previous half year guidance. Group EBITDA for 2018 is expected to... 

Transnet prepares for annual coal line shutdown

By: Anine Kilian     27th June 2018 Plans are at an advanced stage for State-owned Transnet Freight Rail to embark on its annual shutdown of the coal export line, which is scheduled to take place from July 2 to 11. “The shutdown is an annual exercise carried out around this time to ensure that the company tackles its maintenance... 

India’s SCCL to get new coal blocks, foray into new business verticals

By: Ajoy K Das     26th June 2018 Government miner Singareni Collieries Company Limited (SCCL) has adopted a twin-pronged expansion strategy to take its coal mining operations beyond its present southern Indian geographical boundaries and at the same time add new business verticals of ‘manufactured sand’ production and solar... 

Wescoal doubles mining volumes for second consecutive year, reports 311% HEPS increase

By: Marleny Arnoldi     26th June 2018 JSE-listed coal miner Wescoal delivered strong results for the financial year ended March 31.  

Wescoal doubles mining volumes for second consecutive year, reports 311% HEPS increase
Wescoal CEO Waheed Sulaiman

MC Mining secures R20m banking facility for Uitkomst Colliery

By: Marleny Arnoldi     26th June 2018 Coal developer MC Mining has secured a R20-million general banking facility from Rand Merchant Bank for its 70%-owned subsidiary Uitkomst Colliery, in KwaZulu-Natal.  

Coal miners wade into Aurizon battle

By: Esmarie Swanepoel     26th June 2018 Ten coal producers, including AngloAmerican, Glencore, Peabody, Yancoal and the BHP Mitsubishi alliance have applied to join the judicial review application started by freight operator Aurizon against the Queensland Competition Authority (QCA) in the Supreme Court of Queensland. Aurizon In April... 

Jindal Steel South Africa units file for business protection

By: Bloomberg     26th June 2018 South African units of Jindal Steel & Power filed for a local form of bankruptcy protection known as business rescue this month. Jindal Mining SA, Jindal Africa Investments and Eastern Solid Fuels filed notice of the voluntary proceedings on June 12, according to documents posted on Jindal... 

Glencore bets big on South Africa as Ramaphosa promises revival

By: Bloomberg     26th June 2018 Glencore has set its ambitions on expanding in South Africa, the homeland of its chief Ivan Glasenberg. As the company’s former business partner and new President Cyril Ramaphosa promises an economic recovery, Glencore is reaping profits from coal and chrome assets as prices rise. The company... 

Glencore bets big on South Africa as Ramaphosa promises revival
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Edenville, Sinohydro extend MoU to December 2019

By: Marleny Arnoldi     25th June 2018 Energy commodity developer Edenville Energy has extended the validity of its memorandum of understanding (MoU) with hydropower engineering company Sinohydro Corporation of China, over the Rukwa coal project, in south-west Tanzania, to December 2019.  

African Rainbow Minerals, Glencore agree to restructure coal debt

By: Marleny Arnoldi     25th June 2018 Diversified miner African Rainbow Minerals (ARM) on Monday announced that R3.98-billion of debt owed by ARM and its subsidiary ARM Coal to diversified miner Glencore Holdings subsidiary Glencore Operations South Africa (Gosa) as at June 30, 2017, has been restructured on an ARM attributable basis.  

Kibo proposes name change as it intensifies focus on energy projects

By: Anine Kilian     25th June 2018 Dual-listed Kibo Mining is seeking shareholder approval to change the name of the company to Kibo Energy. The company said in a statement on Monday that the proposed name change was part of a number of resolutions that would be put forward at its annual general meeting, taking place on July 1. 

CITU raises first red flag on Coal India disinvestment

By: Ajoy K Das     25th June 2018 The Centre for Indian Trade Unions (CITU), the labour arm of Communist Part of India (Marxists), is first off the block in raising opposition to tentative plans for disinvestment of government equity holding in Coal India Limited (CIL). After failing to get any bidders for national air carrier... 

Minerals Council said to plan free-carry challenge

By: Bloomberg     25th June 2018 South Africa’s main mining lobby group told analysts and mining companies that it would probably challenge a final draft of the government’s new Mining Charter if two key points of dispute aren’t removed, according to two people familiar with the matter. The Minerals Council South Africa, which... 

Minerals Council said to plan free-carry challenge
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Financing of ZTK transmission line to benefit Rukwa project – Edenville

By: Anine Kilian     22nd June 2018 Aim-listed Edenville Energy believes the approval by the World Bank of $455-million in funding for the development of the Zambia–Tanzania–Kenya (ZTK) power transmission line, will benefit its Rukwa project.  The funding will allow for the construction of high-voltage power infrastructure, which... 

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