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Coal News

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

Eskom’s ‘business-as-usual’ tariff application comes under fire 

By: Terence Creamer     16th November 2017 The “business as usual” stance adopted by Eskom in its application for a 19.9% increase in tariffs for 2018/19 came under sustained attack during the Gauteng leg of the National Energy Regulator of South Africa’s (Nersa’s) public hearings on Thursday. Eskom interim CEO Sean Maritz kicked off the... 

Eskom’s ‘business-as-usual’ tariff application comes under fire
Photo by Duane Daws
Nersa's Chris Forlee, Khomotso Mthimunye, Mbulelo Ncetezo, Jacob Modise and Nomfundo Maseti

Kibo upgrades MCPP MoU

By: Anine Kilian     16th November 2017 Aim-listed minerals and exploration development company Kibo Energy has upgraded its existing Memorandum of Understanding (MoU) with the Tanzania Ministry of Energy and the Tanzania Electric Supply Company (Tanesco), regarding a power purchase agreement (PPA) for the development and... 

India’s SCCL to start work on six coal mines

By: Ajoy K Das     16th November 2017 India’s second-largest coal miner, Singareni Collieries Company Limited (SCCL), is planning to start work on six mines before the end of March. Besides ramping up production capacity, the opening up four underground and two opencast projects will enable SCCL to bridge the productivity gap... 

CSIR signals renewables-led electricity mix by 2050 

By: Terence Creamer     16th November 2017 The CSIR Energy Centre has published updated research outcomes indicating that South Africa’s least-cost electricity mix, by 2050, includes predominantly solar photovoltaic (PV) and onshore wind contributing nearly 80% of the country’s electrical energy. The research outcomes, which were released... 

CSIR signals renewables-led electricity mix by 2050
CSIR Energy Centre principal engineer Jarrad Wright

New Hope increases output and sales

By: Esmarie Swanepoel     16th November 2017 Coal miner New Hope has reported an increase in both production and sales during the quarter ended October, as weather conditions in New South Wales improved. Total saleable coal production during the three months under review reached 2.37-million tonnes, up from the 2.24-million tonnes... 

Study urges Eskom to accelerate station decommissioning, curtail Kusile to shore up solvency

By: Terence Creamer     15th November 2017 A new study argues that cash-strapped Eskom could make immediate costs savings of up to R17-billion and boost its liquidity, without undermining security of supply, by accelerating the decommissioning of three of its older coal-fired power stations and by halting construction of units 5 and 6 at... 

Study urges Eskom to accelerate station decommissioning, curtail Kusile to shore up solvency
Meridian MD Dr Grové Steyn

Resgen will have funding to commission Boikarabelo

By: Megan van Wyngaardt     15th November 2017 A proposed funding facility currently under negotiation is intended to provide the total funds required to complete the construction of Resource Generation’s (Resgen’s) Boikarabelo coal mine, in South Africa’s Waterberg region, to the point of commissioning, the dual-listed company said on... 

Eskom admits liquidity is ‘not at desired levels’

By: Terence Creamer     13th November 2017 State-owned electricity producer Eskom acknowledged on Monday that its liquidity levels were “not at the desired levels” and indicated that securing the balance of its funding requirement for the current financial year would depend on addressing pressing governance and leadership issues.... 

Eskom admits liquidity is ‘not at desired levels’
Photo by Duane Daws
Eskom interim CEO Sean Maritz

Aurizon confirms talks to buy Wicet coal terminal

By: Esmarie Swanepoel     13th November 2017 Australian freight rail operator Aurizon on Monday confirmed that it was in preliminary discussions to acquire the Wiggins Island coal export terminal (Wicet), in Queensland. Wicet is currently owned by a consortium of Australian and international resource companies, including Glencore and New... 

Aurizon confirms talks to buy Wicet coal terminal

Alberta creates C$40m worker support fund as coal phase-out deadlines loom

By: Henry Lazenby     11th November 2017 The Alberta provincial government has announced a C$40-million worker transition fund to provide income support for employees transitioning from working in the fossil-fuel-rich Western Canadian province’s thermal coal mines and coal-fired power plants, to new jobs or retirement. The new Coal... 

Alberta creates C$40m worker support fund as coal phase-out deadlines loom

Buffalo’s Q3 loss widens, RoM production down 20.4% y/y

By: Creamer Media Reporter      10th November 2017 AltX- and TSX-V-listed Buffalo Coal’s run-of-mine (RoM) production fell by 20.4% year-on-year to 319 000 t in the third quarter ended September 30. RoM production from the Magdalena underground mine decreased by 36.4% year-on-year to 178 000 t, as a result of difficult geological mining... 

Guptas target South African bank regulator over account closures

By: Bloomberg     10th November 2017 A group of companies linked to South Africa’s politically connected Gupta family said the country’s banking regulator encouraged lenders to shut their accounts, broadening a battle to retain the last of their banking services. The 20 businesses, which are suing Bank of Baroda’s local unit to keep... 

One of the world's biggest miners is about to go coal free

By: Bloomberg     10th November 2017 Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily backtracking from coal to focus on better assets. It’s now... 

One of the world's biggest miners is about to go coal free

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Political tension  slows mining activity in Tanzania
NORMAN MALEKA There will be demand for after-sales support in Tanzania, owing to new industries established in the country

Tailored equipment advances mine safety in Africa

By: Robyn Wilkinson     10th November 2017 With a growing global health and safety culture developing, large mining companies are driving new safety standards in African mines, creating opportunities for mine safety equipment producer DEZEGA to extend the reach of its fit-for-purpose, self-contained self-rescue (SCSR) equipment on the... 

Tailored equipment advances mine safety in Africa
MODIFIED FOR MARKET Dezega is confident that demand in Africa for its SCSR products – which have undergone some key improvements over the past year – will continue to grow

Colliery supply success guides safety solutions provider’s African expansion

By: Tasneem Bulbulia     10th November 2017 Leveraging its success after 15 years of working with the Botswana-based Morupule colliery, South African mining safety and monitoring solutions provider Monitech is considering further expansion into Africa. Benoni-based Monitech supplied both eight-channel controller systems and Laser Guard... 

Colliery supply success guides safety solutions provider’s African expansion
Photo by Bloomberg
FACILITATING SAFETY The eight-channel controller and the Laser Guard system have aided in meeting underground coal mining safety regulations in Botswana

Positive signs for African miners with transparent regulations

By: Tasneem Bulbulia     10th November 2017 While the African mining industry is in a downturn, countries that boast favourable mining regulations will capitalise once the industry improves, says global engineering, project and technical services firm Wood Mining & Minerals EMEA business development director Trevor Anderson. Wood is a... 

Positive signs for African miners with transparent regulations
Photo by Bloomberg
SPECIALITY COMMODITIES Over the past 12 to 18 months, there has been a much larger focus on commodities such as lithium and graphite

AEL Mining Services launches rock-breaking technology chair at University of Pretoria

By: Mia Breytenbach     10th November 2017 Johannesburg-headquartered developer, producer and supplier of commercial explosives AEL Mining Services has, in partnership with the University of Pretoria (UP), launched the AEL Mining Services Chair in Innovative Rock Breaking Technology, which will reside within the Department of Mining... 

AEL Mining Services launches rock-breaking technology  chair at University of Pretoria
CHAIRED PROJECT The first project from AEL Mining Services Chair in Innovative Rock Breaking Technology will be to determine safe blast-clearance radii for blasting

Favourable policies key to attracting mining investment

By: Dylan Slater     10th November 2017 Sentiment from the Hogan Lovells Africa Forum, held in September, in Sandton, in Johannesburg, culminated in a call for mining policy change, and especially policy that affects the South African mining industry. The event was hosted by law firm Hogan Lovells.  

Modular Reflux Classifier launched

By: Mia Breytenbach     10th November 2017 Minerals and cement industry equipment and services supplier FLSmidth has officially launched its modular Reflux Classifier (RC) plant, which is suitable for fines gravity separation applications. This integrated engineered modular solution is based on a fundamental component – FLSmidth’s... 

Modular Reflux Classifier launched
Photo by Duane Daws
DEON DE KOCK With this modular plant, we can really live our vision by delivering that extra value

Ncondezi signs non-binding agreement to develop Mozambique project

By: Anine Kilian     9th November 2017 Aim-listed solar energy equipment supplier Ncondezi Energy has signed a non-binding offer (NBO) with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa to develop, construct and operate the integrated Ncondezi 300 MW coal-fired power project and openpit coal... 

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

New Acland expansion to deliver billions - EY

By: Esmarie Swanepoel     9th November 2017 The New Acland Stage 3 expansion project could deliver some A$7-billion in additional economic activity, a new report by advisory firm Ernst & Young (EY) has found. The proposed New Acland Stage 3 project will expand the mine’s yearly output from 4.8-million tonnes to 7.5-million tonnes and will... 

New Acland expansion to deliver billions - EY

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Thiess wins A$300m coal contract

By: Esmarie Swanepoel     7th November 2017 Project house Cimic has been awarded a A$300-million contract to expand operations at the Sangatta coal mine, in Indonesia. The company on Tuesday reported that the contract would extend the current life-of-mine contract with Cimic subsidiary Thiess, increasing coal production by 12-million... 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

In the country where coal is king, a battle with the EU looms

By: Bloomberg     6th November 2017 The buzzword in the Brussels energy and climate bubble is 450, a number that is dividing European Union lawmakers and making coal-dependent Poland fume over upcoming reforms to the world’s biggest carbon market. Negotiators representing the 28-nation bloc and its member states will meet on Nov. 8... 

First locally manufactured Joy reclaim feeder is unveiled

By: Dylan Slater     3rd November 2017 Mining equipment and service provider Komatsu has launched its first South African-manufactured Joy reclaim feeder. Joy is the high-productivity mining solutions subsidiary of Komatsu, having been acquired earlier this year in a $3.7-billion deal.  

First locally manufactured Joy reclaim feeder  is unveiled
RECLAIM FEEDER The new Joy reclaim feeder can be used for synthetic-fuel plants, power plant facilities, synthetic-gypsum plants, truck load-out facilities, port load-out facilities and coal-mining operations

Vale’s Moatize coal operation’s Ebitda falls significantly quarter-on-quarter

By: Keith Campbell     3rd November 2017 The adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of the coal business of major Brazilian mining group Vale came to $46-million during the third quarter of this year (3Q17), the company announced in its report “Vale’s Performance in 3Q17”. To all practical... 

Sale of CoAL’s Mooiplaats colliery concluded

By: Creamer Media Reporter      2nd November 2017 The R179.9-million sale of triple-listed Coal of Africa Limited’s (CoAL’s) Mooiplaats colliery, in the Ermelo coalfield, has been concluded. CoAL and its black economic empowerment partner Ferret Mining & Environmental Services in October entered into an agreement with Mooiplaats Coal Holdings... 

Guptas inflated Oakbay price through trading by Singapore firm

By: Bloomberg     2nd November 2017 The Gupta family inflated the share price of a company it controlled on its Johannesburg Stock Exchange debut by lending money to a Singapore firm to be used to trade the equities. That came ahead of plans to raise funds for a uranium mine. The Guptas, who are embroiled in a corruption scandal... 

Atrum declares maiden resource at Elan South

By: Esmarie Swanepoel     2nd November 2017 ASX-listed Atrum Coal’s wholly-owned subsidiary Kuro Coal has reported a Joint Ore Reserves Committee-compliant resource of 36-million tonnes at its Elan South area, within the Elan hard coking coal project, in Alberta. The resource includes a seven-million-tonne indicated resource and a... 

Eskom gave Tegeta prepayment on day Optimum purchase price was due, inquiry hears

By: African News Agency      1st November 2017 A business rescue practitioner on Wednesday told the parliamentary inquiry into Eskom that the power utility agreed to pay Tegeta almost R600-million in advance for coal on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.... 

Arch equity rises on expanded share buyback plan; 12% higher revenue

By: Henry Lazenby     31st October 2017 The ongoing strength in coking coal pricing as well as overall strong performances from the Powder River Basin and other thermal business segments have conspired to lift US coal producer Arch Coal's third-quarter revenue 12% quarter-on-quarter. St Louis, Missouri-based Arch recorded revenues of... 

Arch equity rises on expanded share buyback plan; 12% higher revenue

Consol board approves E&P, coal demerger as Q3 earnings turn negative

By: Henry Lazenby     31st October 2017 The board of US-based fossil energy producer Consol Energy has approved the company's split into two different, publicly traded companies, Consol announced on Tuesday. The Cecil-based energy company will officially split on November 28, when Consol shareholders will receive one share of common... 

Consol board approves E&P, coal demerger as Q3 earnings turn negative

Shumba moves to main board of Botswana Stock Exchange

By: Natasha Odendaal     31st October 2017 Energy development company Shumba Energy has migrated its listing from the Venture Capital market board to the main board of the Botswana Stock Exchange, effective October 30. The move to the main board is aimed at establishing a stronger platform for potential future development capital... 

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