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Coal News

Peabody says Q4 focus is on North Goonyella, completing Shoal Creek buy

By: Creamer Media Reporter      31st October 2018 NYSE-listed Peabody on Tuesday announced solid results for the third quarter, despite ending the three-month period with substantial challenges at the fire-hit North Goonyella mine, which remains idled. The miner reported revenue of $1.41-billion, compared with $1.48-billion a year earlier, and... 

Glencore hikes coal cost savings forecast by 50%

By: Reuters     31st October 2018 Recent mine acquisitions have helped Glencore Plc achieve 50% more cost savings in its coal business than it had targeted, the world's biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300-million in its coal business... 

Glencore hikes coal cost savings forecast by 50%

Resgen, Noble reach agreement on security condition to financing facility

By: Tasneem Bulbulia     30th October 2018 ASX- and JSE-listed Resource Generation (Resgen) and Noble Resources International have agreed that the security to be provided as part of a revised funding arrangement between Noble and Resgen subsidiary Ledjadja Coal, be a share pledge over ResGen’s 74% interest in Ledjadja, which is held by... 

Aurizon loses Queensland coal network legal challenge

By: Esmarie Iannucci     30th October 2018 The Queensland Resources Council on Tuesday welcomed a ruling by the Queensland Supreme Court to dismiss freight operator Aurizon’s legal challenge to a draft decision from the Queensland Competition Authority (QCA) for the future operation of the state’s major coal rail network. Aurizon has... 

Aurizon loses Queensland coal network legal challenge

Isaac Plains East delivers record RoM rates for Stanmore

By: Esmarie Iannucci     30th October 2018 Coal miner Stanmore Coal has reported a fall in production during the three months to September, despite reaching a record run-of-mine (RoM) production at an annualised rate, with the start of production at its Isaac Plains East operation driving the growth. RoM production decreased by 9% on the... 

MC Mining secures first Makhado coking coal offtake agreement 

By: Simone Liedtke     29th October 2018 Coal exploration, development and mining company MC Mining has signed the first coal offtake agreement for hard coking coal (HCC) to be produced at its Makhado hard coking and thermal coal project, in Limpopo. The agreement was entered into between MC Mining subsidiary Baobab Mining & Exploration... 

MC Mining secures first Makhado coking coal offtake agreement
Photo by Dylan Slater
MC Mining CEO David Brown

Greenpeace Africa affirms Mpumalanga is a nitrogen dioxide air pollution hotspot

By: Marleny Arnoldi     29th October 2018 Greenpeace Africa states that analysis from satellite data between June 1 and August 31 shows that Mpumalanga is the world’s largest nitrogen dioxide air pollution hotspot across six continents. The data points to coal and transport as the two principal sources of the nitrogen dioxide air... 

Fossil Fuel Foundation sees clean coal as a solution for South Africa 

By: Kim Cloete     29th October 2018 The Fossil Fuel Foundation (FFF) has advocated strongly for coal to be retained as a sustainable part of South Africa's energy mix for the short to medium term. “Contrary to the popular belief that ‘coal is dead’, South Africa’s coal resources are abundant and can provide low-emitting,... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

CSIR points to 30 000 net jobs gain in electricity to 2030, despite fall in coal jobs 

By: Terence Creamer     26th October 2018 An analysis of the Department of Energy’s (DoE’s) recommended plan in the draft Integrated Resource Plan 2018 (IRP 2018) shows that there will be a 30 000 net increase in employment in the electricity industry to 2030, despite a 100 000 fall in coal jobs over the period. In its formal response to... 

CSIR points to 30 000 net jobs gain in electricity to 2030, despite fall in coal jobs

Wescoal seeks to join Ata Resources consortium for proposed Universal Coal buyout

By: Marleny Arnoldi     26th October 2018 JSE-listed Wescoal on Friday reported that it was in advanced negotiations with Ata Resources to join the consortium of investors that has submitted an indicative offer to acquire the entire issued share capital of ASX-listed Universal Coal, for A$0.35 a share. Wescoal previously signed a... 

Cokal warns of possible fraud

By: Esmarie Iannucci     26th October 2018 Coal miner Cokal has flagged possible financial irregularities and fraudulent activities that could have impacted the company’s financial statements for the 2018 financial year. The ASX-listed miner on Friday said that the company’s board was currently investigating the irregularities and... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries
Volvo R100E 95 t rigid hauler

Universal offer one step closer

By: Esmarie Iannucci     26th October 2018 South Africa-focused coal miner Universal Coal on Friday told shareholders that a possible takeover offer from a consortium of investors, led by privately held Ata Resources, was one step closer. In September this year, Universal received a conditional, non-binding indicative offer from Ata, of... 

Sasol Lake Charles – a picture worth $11.13-billion

By: Halima Frost     26th October 2018 Petrochemicals and chemicals company Sasol has invested billions of dollars in the Lake Charles Chemical Projects, in the US, which entails a steam cracking plant, and ethylene oxide and ethylene glycol storage and piping facilities for the product and its derivatives. Specialized storage... 

Sasol Lake Charles  – a picture worth $11.13-billion
ETHYLENE OXIDE & GLYCOL Units being installed on site

Lake Charles on track and within budget

By: Halima Frost     26th October 2018 Next year will be a defining year for petrochemicals and chemicals company Sasol, with the start-up of its Lake Charles Chemical Project (LCCP), in the US, which is earmarked as a catalyst for transforming Sasol’s earnings profile. In its 2018 annual results, Sasol announced that it had achieved... 

Lake Charles on track and  within budget
BOILING POINT The Lake Charles boiler facility has produced first steam

Last of four mines to be completed

By: Halima Frost     26th October 2018 Petrochemicals and chemicals company Sasol forecasts it will complete the 10.5-million-ton-a-year Impumelelo colliery - formerly known as the Brandspruit mine - replacement project by June next year. The project involves the construction of a new 8.5-million-ton-a-year coal mine, which is... 

Last of four mines to be completed
AHEAD OF THE GAME The Shondoni headgear being installed during the construction phase

Surface miners drive up savings in coal mining

26th October 2018 Mine operators have been increasingly turning to an alternative to conventional rip-and-stack or drill-and-blast coal mining – the use of surface miners. Diverse studies and tests show that surface miners offer considerable advantages in terms of both economic efficiency and the final product. 

Surface miners  drive up savings  in coal mining
WIRTGEN 4200 SM Using Wirtgen surface miners delivers compelling improvements in final product quality, cost-efficiency, environmental protection and safety

Surface-mining opportunities lie in market-related commodities

By: Jessica Oosthuizen     26th October 2018 Johannesburg-based mining equipment distributor Vermeer Equipment Suppliers is starting to focus on certain market-related commodities and associated opencast mines to market its Surface Miner surface excavation machines, says mining and pipeline sales segment manager Gareth Cramond. The... 

Surface-mining  opportunities lie  in market-related  commodities
ALL ACCESS Vermeer’s surface excavation machines can access areas of opencast mines where drilling and blasting cannot be done

Some aspects of new Mining Charter ‘still need to be explained’

By: Nadine James     26th October 2018 The gazetting of South African Mining Charter 3, while welcomed as a step forward in creating certainty in the industry, has left gaps regarding its interpretation and its affects on mining communities, says black economic-empowerment advisory firm NPI Governance Consulting founder and CEO Israel... 

Some aspects of new Mining Charter ‘still need to be explained’
ISRAEL NOKO It will take some time for municipalities and tribal authorities to know and understand what role they would be playing according to the new charte

Reutech Mining plans to expand product range

By: Jessica Oosthuizen     26th October 2018 Mining technology and geotechnical slope-stability-monitoring radar systems supplier Reutech Mining plans to expand its product range in 2019, says executive manager Jan de Beer. The company provides equipment that can assist in real-time monitoring of the mine walls in opencast mines to provide... 

Reutech Mining  plans to expand  product range
QUICK SCAN The Reutech Mining Movement and Surveying Radar is the fastest scanning real aperture radar capable of detecting submillimeter movement of up to 4 000 m away from the rock face

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

Strong interest received for South32’s South African energy coal assets 

By: Esmarie Iannucci     25th October 2018 Diversified miner South32 has received nearly 40 expressions of interest for its energy coal assets in South Africa. Speaking on the sidelines of the company’s annual general meeting, South32 CEO Graham Kerr told Mining Weekly Online that, while the talks thus far have been confidential, the... 

Strong interest received for South32’s South African energy coal assets
Photo by Bloomberg
South32 CEO Graham Kerr

Cosatu calls for overhaul of draft IRP

By: Kim Cloete     24th October 2018 The Congress of South African Trade Unions (Cosatu) has rejected the draft Integrated Resource Plan (IRP) 2018, calling for an overhaul. It also called for a firm commitment not to retrench workers as well as tougher, hard-hitting plans to halt looting and recover money stolen from Eskom. 

Arch Coal net income surges on tax benefit

By: Mariaan Webb     24th October 2018 St Louis-based miner Arch Coal on Tuesday reported an 80% surge in third-quarter net income to $123.2-million, or $6.10 a diluted share, helped by a $45.2-million tax benefit. The third-quarter net income compares with $68.4-million, or $2.83 a share, in the prior-year period. Revenues totalled... 

Arch Coal net income surges on tax benefit

TerraCom appoints new CEO

By: Esmarie Iannucci     24th October 2018 ASX-listed TerraCom has appointed Danny McCarthy as CEO, effective from December this year. McCarthy has been COO of ASX-listed Mineral Resources for the past two-and-a-half years, and is a highly experienced mining executive who has held several senior roles, including with Thiess, Wesfarmers... 

Indian power companies need to secure more own coal mines – Minister

By: Ajoy K Das     24th October 2018 India’s Power Ministry has directed thermal power companies to be more aggressive in securing their own coal assets and to reduce dependence on Coal India Limited, as these power plants will continue to be the country’s source of base electricity and will continue to suffer a shortage of dry fuel... 

Nersa unveils adjudication schedule for Eskom’s 15% hike application

By: Terence Creamer     23rd October 2018 The National Energy Regulator of South African (Nersa) has unveiled its adjudication timetable for Eskom’s fourth multiyear price determination (MYPD4) revenue application, which will include public hearings in all nine provinces between January 14 and February 1, 2019. The regulator has also... 

Nersa unveils adjudication schedule for Eskom’s 15% hike application

Anglo’s portfolio performs well in Q3  

By: Nadine James     23rd October 2018 Diversified miner Anglo American’s focus on driving efficiency and productivity across the business resulted in another strong quarter, with volumes for the third quarter 1% higher year-on-year, Anglo CE Mark Cutifani commented on Tuesday. “Production per employee has increased by 5% [so far this... 

Anglo’s portfolio performs well in Q3
Photo by Bloomberg
Anglo American CE Mark Cutifani

Reduce and reuse raw materials to slash waste and emissions, UN and think-tanks urge

By: Reuters     23rd October 2018 The rapid consumption of raw materials must be curbed to cut waste and carbon emissions, the United Nations and global think-tanks have urged, with resource consumption set to almost double by 2060, especially in developing economies. In the twentieth century, the world mined 34 times more... 

Eskom gearing up for big grid-scale battery storage roll-out  

By: Terence Creamer     22nd October 2018 State-owned electricity utility Eskom is preparing to roll-out battery energy storage systems (BESS) across multiple sites as part of a replacement plan for the 100 MW Kiwano concentrated solar power (CSP) project initially approved as part of the $3.75-billion World Bank loan extended to the... 

Eskom gearing up for big grid-scale battery storage roll-out
Photo by Creamer Media
Eskom has been testing battery storage solutions at its research facility in Rosherville for the past few years

Glencore CEO said to tell investors he'll retire in 3 to 5 years  

By: Bloomberg     22nd October 2018 Ivan Glasenberg, who built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years, according to people familiar with the matter. Glasenberg discussed his succession plan in recent meetings and said he has... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Edenville submits RfQ documentation to Tanesco

By: Tasneem Bulbulia     22nd October 2018 Edenville Energy, which is developing a coal project in south-west Tanzania, has submitted the required documentation to Tanzania Electricity Supply Company (Tanesco) in relation to the utility’s request for qualification (RfQ) for coal-fired power generation projects in Tanzania.  The submission... 

Mantashe holds collaborative meeting with MCSA

By: Tasneem Bulbulia     22nd October 2018 Mineral Resources Minister Gwede Mantashe met with the executive of the Minerals Council South Africa and CEOs in the coal and platinum sectors on Friday to receive a briefing on the challenges faced by companies in these sectors, and to work on finding solutions for the long-term sustainability... 

Coronado to start trading on ASX after massive IPO

By: Esmarie Iannucci     22nd October 2018 US coal major Coronado Global Resources is expected to start trading on the ASX at the start of business on Tuesday, after completing a A$774-million initial public offering (IPO). The company issued more than 166.5-million Chess Depository Interests (CDIs), at a price of A$4 each, and sold more... 

August mining production down 9.1% y/y

By: Creamer Media Reporter      18th October 2018 South Africa’s mining production decreased by 9.1% year-on-year in August, Statistics South Africa reported on Thursday. The decrease was driven by lower output in the iron-ore, gold and platinum group metals (PGMs) sectors. 

Keep coal’s current share of the energy mix, says NUM

By: Kim Cloete     18th October 2018 The National Union of Mineworkers (NUM) has called for coal to be retained far more strongly in the country’s energy mix. In its submission on the draft Integrated Resource Plan (IRP) 2018, the NUM Western Cape said it was concerned that coal’s share in the energy mix was set to be reduced. “As... 

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