R/€ = 14.55 Change: 0.05
R/$ = 11.83 Change: 0.00
Au 1329.08 $/oz Change: 12.15
Pt 949.00 $/oz Change: 2.84

Coal News

India allows private companies to bid for coal mines for commercial production

By: Reuters     20th February 2018 India's Cabinet on Tuesday approved a plan to allow private companies to bid for coal mines for commercial production, a move that would help the country cut imports and boost local production. "This is an important reform and will ensure affordable and reliable supply of coal," Coal Minister... 

Ramaphosa should shift to green energy – Greenpeace

By: News24Wire      20th February 2018 Environmental organisation Greenpeace is demanding newly-elected President Cyril Ramaphosa takes urgent action on energy policy in South Africa. Ramaphosa delivered his maiden State of the Nation Address (SoNA) on Friday, when he highlighted economic growth and combating corruption. 

BHP rewards shareholders, profit jumps 25% on commodity prices

By: Mariaan Webb     20th February 2018 Higher commodity prices have helped the world’s largest diversified mining group to report a 25% increase in its underlying attributable profit and to reward shareholders with higher interim dividends. Melbourne-headquartered BHP grew its underlying attributable profit from $3.24-billion in the... 

BHP rewards shareholders, profit jumps 25% on commodity prices
BHP CEO Andrew Mackenzie

Colombia coal output down slightly in 2017 to 89.4Mt

By: Reuters     19th February 2018 Colombia, the world's fifth-largest exporter of coal, produced 89.4-million tonnes in 2017, down 1.2% from output the year before, the Energy and Mining Ministry said in a statement on Monday. The country produced 90.5-million tonnes in 2016. 

Colombia coal output down slightly in 2017 to 89.4Mt

Eskom board called on to prove utility not trading recklessly

By: Terence Creamer     19th February 2018 The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be... 

Eskom board called on to prove utility not trading recklessly
Accountability Now director advocate Paul Hoffman

Indian captive coal mines to achieve 105Mt production by 2021

By: Ajoy K Das     19th February 2018 Indian coal production from captive blocks allocated to thermal power plants has been estimated at 105-million tons a year by 2021/22, up from about 37-million tons a year at present, according to perspective planning on coal availability by the Power Ministry. To date, 29 coal blocks have been... 

Whitehaven achieves record first-half profit

By: Schalk Burger     19th February 2018 New South Wales-based miner Whitehaven Coal has increased its sales revenue by 39% year-on-year to $1.15-billion and its net profit after tax by 63% year-on-year to $257.2-million in the six months ended December 31, 2017. Operating earnings before interest, taxes, depreciation and amortisation... 

Court postponement signals ‘welcome change’ in govt, industry relations – Leon

By: Dylan Slater     19th February 2018 Law firm Herbert Smith Freehills Africa practice cochairperson and partner Peter Leon says the postponement of Monday’s scheduled High Court case over the hotly contested Mining Charter 3, signals a welcome change in relations between government and the South African mining industry.  

Mining mechanisation could create ‘massive’ employment challenges – Harwood 

By: Nadine James     16th February 2018 Despite positive sentiment and improving commodity prices, the African mining industry continues to face immense challenges, says Montero Mining and Exploration CEO Dr Antony Harwood. Addressing the African Mining Network’s (AMN’s) thirty-ninth networking dinner, on Thursday evening, he touched... 

Mining mechanisation could create ‘massive’ employment challenges – Harwood
Photo by Duane Daws
ANTONY HARWOOD Fear of the other could become fear of the robot

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

North America’s mining industry eyeing growth

By: Donald Makhafola     16th February 2018 The North American mining sector is earmarked for growth this year, owing to rising commodity prices, despite challenges, which include rising environmental concerns over water use and water source contamination through mining operations, says advisory firm Deloitte Canada Americas mining leader... 

North America’s mining industry  eyeing growth
Photo by Bloomberg
PRICE HIKE BENEFITS Mining in North America is expected to grow because of an increase in the prices of commodities such as gold

Satellite solutions provider targets African mining industry

By: Nadine James     16th February 2018 Over the last 18 months, communications service provider SES Networks has noticed significant demand for connectivity from mining and oil and gas operations, and as a result has tried to grow its foothold within these markets. SES Networks Africa Sales VP Carole Kamaitha explains that the demand... 

‘Digital mine’ solution for local market launched

By: Dylan Slater     16th February 2018 In tandem with the yearly mining investment conference Investing in African Mining Indaba, digital industrial company GE launched its global Digital Mine solution onto the South African market.  

There is new energy to ease mining industry conflict – Scholes

By: Mia Breytenbach     16th February 2018 There appears to be new political resolve to mend the relationship between the mining industry and the Department of Mineral Resources, says specialised law firm Malan Scholes director Hulme Scholes. Speaking at the IHS Markit South African Coal Export Conference, in Cape Town, on Thursday, the... 

There is new energy to ease mining industry conflict – Scholes
Photo by Duane Daws
HULME SCHOLES For the first time . . . we will see the trust deficit between the mining industry and department close

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

South32 announces special dividend after stronger-than-expected H1

By: Simone Liedtke     15th February 2018 Diversified miner South32 will return more money to shareholders, after reporting a stronger-than-expected $543-million underlying profit for the first half of the 2018 financial year. This meant that dividends to shareholders would be doubled. 

South32 announces special dividend after stronger-than-expected H1
Photo by Duane Daws
South32 CEO Graham Kerr

Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

By: Henry Lazenby     14th February 2018 Canadian diversified miner Teck Resources has reported fourth-quarter headline earnings slightly below analyst expectations, as lower metallurgical coal sales and prices offset metal price improvements in the three-month period to December 31. Adjusted profit attributable to shareholders in the... 

Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

Kibo, Tanesco sign MoU

By: Simone Liedtke     14th February 2018 Africa-focused energy and resource company Kibo Mining has signed a memorandum of understanding (MoU) with the Tanzania Electric Supply Company (Tanesco) as a precursor to the finalisation of a power Purchase Agreement (PPA) for the Mbeya coal-to-power project (MCPP). The PPA is expected to be... 

Mongolia's January coal exports drop nearly 25% from last year

By: Reuters     14th February 2018 Mongolia's coal exports dropped by nearly a quarter in January from a year earlier, with deliveries disrupted by ongoing congestion at the border with key trading partner China. The fall was part of a 6.3% year-on-year decline in overall mineral exports, according to data published by Mongolia's... 

New Acland coal mine expansion enviro application refused

By: Mariaan Webb     14th February 2018 Queensland miner New Hope’s plans to expand its New Acland mine, north-west of Toowoomba, have been dealt a blow, as the Department of Environment and Science (DES) on Wednesday refused its application for an amended environmental authority (EA). The DES did not provide much information about its... 

Terracom adds one year to Blair Athol life, targets further resource expansion

By: Schalk Burger     13th February 2018 Coal mining company Terracom on Tuesday announced that, in collaboration with Deswik Mining Consultants, it had upgraded the reserves of the Blair Athol thermal coal mine, in Queensland, from 15.6-million tonnes to 18-million tonnes. This upgrade effectively adds about one extra year to the mine... 

MC Mining obtains water-use licence for Vele

By: Natasha Odendaal     13th February 2018 Dual-listed MC Mining has completed the “full regulatory suite” of authorisations required for its Vele colliery, in Limpopo, following the Department of Water and Sanitation’s granting of an integrated water-use licence. The granting of the licence, a year after securing the environmental... 

Exxaro to pay special dividend of R4.5-billion

By: Simone Liedtke     13th February 2018 Diversified miner Exxaro Resources has resolved to pay a special dividend of R4.5-billion out of income reserves following the sale of a portion of its interest in US mineral sands producer Tronox. Exxaro in October 2017 sold about 22.4-million shares in Tronox for R6.5-billion. 

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

By: Bloomberg     13th February 2018 Robert Mugabe’s fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner – and former England cricketer – Phil Edmonds. Groves is preparing to relist the pair’s Zimbabwe coal, chrome and gold assets in London... 

Global thermal coal market to grow 5% in 2018 – Noble analyst

By: Reuters     13th February 2018 The global thermal coal market will grow by about 48 million tonnes this year, 5% more than last year, the chief coal analyst at Noble Resources said on Tuesday, adding that imports to India will rise after falling in the last two years. "Current seaborne volumes require imports from swing... 

Global thermal coal market to grow 5% in 2018 – Noble analyst

Trump to meet US lawmakers to discuss trade, focus on steel and aluminium

By: Reuters     13th February 2018 US President Donald Trump will meet with a bipartisan group of lawmakers on Tuesday to discuss trade matters, as he ponders whether to takes steps to limit steel and aluminium imports seen as damaging to US businesses. A month ago the Commerce Department handed Trump the results of its... 

Oracle Power gets approval for next step in coal, power plant development

By: Megan van Wyngaardt     12th February 2018 The Private Power and Infrastructure Board (PPIB) of Pakistan has approved the issue of notice to proceed (NTP) and letter of intent (LoI) for a coal mine and mine-mouth power plant in Block VI of the Thar desert, UK-based Oracle Power reported on Monday. The project is being developed in a... 

New CEO must position Eskom for ‘evolving energy markets and technologies’

By: Terence Creamer     12th February 2018 The newspaper advertisement calling for applications for the positions of CEO and CFO at State-owned power utility Eskom includes definite signs of the reforms that the newly appointed board is aiming to implement at the beleaguered organisation. The advertisement calls on appropriately qualified... 

New CEO must position Eskom for ‘evolving energy markets and technologies’
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

No need for new coal block auction, says India’s largest coal producer

By: Ajoy K Das     12th February 2018 espite thermal power plants across India reeling from shortages of dry fuel and the government readying to open up the coal sector to private miners, State-owned Coal India Limited (CIL) does not believe that there is a need for fresh allocation or auctions of coal blocks. The country’s largest... 

China will crack down on illegal coal mining in 2018 – safety watchdog

By: Reuters     12th February 2018 China will carry out "special action" in 2018 to crack down on illegal coal mining to ensure safe mine operations and reduce output capacity, the State Administration of Work Safety said in a statement on Monday. Coal mines that fail to meet safety measures or operational standards will be... 

Mitchell Services buys underground coal drilling firm Radco

By: Simone Liedtke     12th February 2018 ASX-listed Mitchell Services has entered into an agreement to acquire 100% of the shares in Radco Technologies and Radco Group (collectively Radco Drilling), for A$5.3-million in cash. The cash consideration purchase price represents about two-times earnings before interest, taxes, depreciation,... 

QRC, Aurizon at loggerheads over coal line maintenance

By: Megan van Wyngaardt     12th February 2018 The Queensland Resources Council (QRC) on Monday said it was "extremely disappointed" by Aurizon's move to pre-empt the state's regulatory process by moving to change its maintenance programme before the Queensland Competition Authority (QCA) process was completed. Aurizon has announced that it... 

QRC, Aurizon at loggerheads over coal line maintenance

Greece's Mytilineos offers to upgrade Public Power coal plant – source

By: Reuters     12th February 2018 Greek industrial group Mytilineos has offered to pay for the revamp of a major coal-fired plant owned by State-controlled Public Power Corp (PPC) to keep it operational after 2019, a source at Mytilineos said on Friday. Mytilineos submitted a proposal to PPC suggesting that it, possibly with... 

JSW to check demand for bond issue in Poland

By: Reuters     9th February 2018 Poland’s JSW, which is the European Union’s biggest coking coal producer, is looking into a possible bond issue on the Polish market, its CFO said on Friday. It will also consider a $400-million to $500-million issue on the international market, CFO Robert Ostrowski told reporters. 

Blow for Galilee basin coal projects as Aurizon withdraws NAIF application for rail line

By: Mariaan Webb     9th February 2018 Australia’s largest rail freight company Aurizon has withdrawn its application for funding from the Northern Australia Infrastructure Facility (NAIF) to assist with a multi-user, open access rail solution for the development of the coal-rich Galilee basin. Aurizon CEO Andrew Harding said on... 

Blow for Galilee basin coal projects as Aurizon withdraws NAIF application for rail line

China gives new incentives to boost high-quality coal capacity

By: Reuters     9th February 2018 China plans to increase high-quality coal supply by allowing mines to boost capacity if they shut outdated production processes, the latest effort by authorities to further streamline the industry and stabilise coal prices. Coal companies will be encouraged to close inefficient and polluting... 

Indian mines ministry urges its private sector to partner with African States

By: African News Agency      9th February 2018 India's ministry of mines secretary, Arun Kumar has urged African countries and the private sector in his country to look for partnership opportunities in the Indian mining and downstream sector. “We would like our parastatals (state firms) to join hands with parastatals in Africa," Kumar said at... 

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