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Coal News

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA

By: Nadine James     31st August 2018 The mining sector could attract an additional R122-billion worth of investment if the policy perception and environment improved to the top quarter of the Fraser Institute’s Policy Perception Index, rather than its current position in the lower quartile, Minerals Council South Africa (MCSA)... 

Universal posts record results

By: Esmarie Iannucci     31st August 2018 Coal miner Universal Coal has reported a near 800% increase in after-tax profit for the full year ended June, while revenue has more than doubled. Net profit for the 12 months under review reached A$35.9-million, up from the A$4-million achieved last year, while revenue increased from... 

Lack of regulatory guidance stymies Climate Change Bill preparations

By: Nadine James     31st August 2018 While industry and environmental practitioners have welcomed the first draft of the Climate Change Bill, there is mounting impatience at the absence of the regulatory detail that organisations need to guide their preparations to comply, mining and environmental consultants SRK Consulting noted in... 

Lack of regulatory guidance stymies  Climate Change Bill preparations
ASHLEIGH MARITZ & ESTIE RETIEF Large carbon emitters face immense technical and financial challenges in repurposing their operations to meet new carbon emission requirements – a process that is hindered by a lack of regulatory clarity

Ncondezi receives in principle support from all loan holders for loan restructuring

By: Simone Liedtke     30th August 2018 Aim-listed Ncondezi Energy has received “in principle” support from all loan holders to enter into a loan restructuring for its existing $5.1-million loan and on the process to conclude a binding joint development agreement (JDA) for the company’s integrated 300 MW power and coal mine project in... 

Railway constraints take their toll on India’s captive thermal power plants

By: Ajoy K Das     30th August 2018 Captive thermal power plants in India are facing coal supply shortages, as a result of constraints in the availability of railway wagons to transport the coal. Not officially acknowledging any shortage of coal and instead blaming distribution bottlenecks for the supply challenges, the country’s... 

MC Mining receives first quarterly payment of R11m for Mooiplaats sale

By: Marleny Arnoldi     30th August 2018 The Department of Mineral Resources (DMR) has timeously approved the requisite Section 102 application that was necessary to complete MC Mining’s Mooiplaats colliery sales transaction. The company has also received the first quarterly payment of R11.3-million.  

MC Mining receives first quarterly payment of R11m for Mooiplaats sale
Mooiplaats

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert   

By: Terence Creamer     29th August 2018 A leading electricity expert is warning that there is little or no prospect that Eskom can trade itself out of its current financial difficulties and that restructuring – including a vertical separation of its cash-guzzling generation assets from its transmission, system operator and distribution... 

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert
University of Cape Town Graduate School of Business’ Professor Anton Eberhard outlines a ‘pragmatic’ restructuring plan for Eskom. Camera Work: Nicholas Boyd. Editing: Christo Greyling. Recorded: 28.8.2018

Kibo, GE expand their collaboration on energy projects

By: Creamer Media Reporter      29th August 2018 Aim- and AltX-listed Kibo Energy has entered into an expanded collaboration agreement with US-based General Electric (GE). Under the terms of the agreement, GE will work with Kibo to develop its portfolio of energy projects in Tanzania, Botswana and Mozambique, as well as enhance its strategy of... 

Wescoal to repurchase R20m of shares

By: Creamer Media Reporter      29th August 2018 Coal miner Wescoal will repurchase up to R20-million worth of its own shares. The company on Wednesday said the share repurchase was being undertaken in terms of the general approval granted by shareholders at the company's annual general meeting in November 2017. 

Coal suppliers urged to put South Africa first 

By: Kim Cloete     28th August 2018 Public Enterprises Minister Pravin Gordhan has suggested that Parliament call in some of the big and small coal suppliers to account for their export of coal, amid increasing concerns about the shortage of coal in the country. Gordhan was speaking after several Members of Parliament suggested... 

Coal suppliers urged to put South Africa first

Minergy awarded mining licence for Botswana coal mine

By: Marleny Arnoldi     28th August 2018 Botswana Stock Exchange-listed Minergy aims to commission its Masama coal mine, in Botswana, in January, and to start producing coal within a month thereafter. This follows the company being granted a mining licence by the Ministry of Mineral Resources, Green Technology and Energy Security.  

Solar body raises concern over procurement gap, as lobby group slams inclusion of IPP coal

By: Terence Creamer     28th August 2018 The South Africa Photovoltaic Industry Association (SAPVIA) has added its voice to concerns being expressed over the three-year gap outlined in the draft Integrated Resource Plan (IRP 2018) during which no allocations have been made for new renewable-energy capacity additions. In a statement,... 

Solar body raises concern over procurement gap, as lobby group slams inclusion of IPP coal

Menar, partners to develop Riversdale Anthracite Colliery in South Africa

By: Marleny Arnoldi     27th August 2018 Mining investment company Menar has entered into a development agreement with Coalvent and African Onca to develop the Riversdale Anthracite Colliery (RAC) project, near Vryheid, in KwaZulu-Natal. This follows after Menar’s successful turnaround of the Zululand Anthracite Colliery (ZAC).  

Menar, partners to develop Riversdale Anthracite Colliery in South Africa
Menar's Zululand anthracite colliery

No new nuclear in IRP update as time horizon is trimmed to 2030 

By: Terence Creamer     27th August 2018 Energy Minister Jeff Radebe released the much-anticipated draft updated Integrated Resource Plan (IRP) for public comment on Monday, offering stakeholders 60 days to provide written feedback.   The comment period was extended from the 30 days initially envisaged after a meeting of the National... 

No new nuclear in IRP update as time horizon is trimmed to 2030
Energy Minister Jeff Radebe

Stanmore’s FY revenue and profit surge

By: Esmarie Iannucci     27th August 2018 Coal miner Stanmore Coal has reported a surge in revenues and profit for the 2018 financial year, as coal prices increased. Revenue for the year ended June was up by 51%, to A$208-million, while gross profits increased by 55%, to A$52.29-million, Stanmore reported on Monday.  

Bosnian coke maker ordered to halt operations after environmental breaches

By: Reuters     24th August 2018 Bosnian authorities ordered the Balkans' leading metallurgical coke producer to halt operations on Thursday, saying the company had repeatedly breached environmental standards. Global Ispat Koksna Industrija Lukavac (GIKIL), which is majority owned by Dubai-based Global Steel Holdings Ltd (GSH)... 

Australia faces increased blackout risks this summer as coal plants age

By: Reuters     24th August 2018 The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable, the nation's energy market operator said on Friday, calling for more power investment in the next few years. The Australian Energy Market Operator's (AEMO)... 

Bisichi Mining achieves solid coal production, higher earnings in H1

By: Marleny Arnoldi     24th August 2018 UK-based coal miner Bisichi Mining, which has coal interests in South Africa, reported total production of 670 000 t for the six months ended June 30, compared with 582 000 t in the first half of 2017. The company generated earnings before interest, taxes, depreciation and amortisation of... 

Vale remains committed to Moz, despite continued losses at Moatize

By: Rebecca Campbell     24th August 2018 Despite continuing to make a loss, coal-miner Vale Moçambique will continue to make major investments in its assets in Mozambique. This assurance was given at a mid-month press conference in Maputo by the company’s Board Chairman Márcio Godoy. These assets are the Moatize coal mine in Tete... 

South32 to consider South African energy coal ownership options in Sept

By: Marleny Arnoldi     23rd August 2018 Diversified miner South32 will start a process to broaden the ownership of its South Africa Energy Coal (SAEC) business, in September. “We have been very clear that we don’t plan to own an interest in energy coal in the long term, and it has never been a better time in terms of where South... 

Eskom expects to reduce staff by 15% in five years

By: Reuters     23rd August 2018 South Africa's State-run power utility Eskom expects to have 7 000 less staff in five years from now, a senior manager at the utility that is struggling to emerge from a financial crisis said on Thursday. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more... 

Eskom begins stakeholder interactions on ‘Strategy 2035’  

By: Terence Creamer     23rd August 2018 South Africa’s electricity utility Eskom has initiated a series of interactions with stakeholders as part of a review process designed to deliver a new long-term strategy, dubbed ‘Strategy 2035’, for the beleaguered organisation. The new leadership at the State-owned company, together with Public... 

Eskom begins stakeholder interactions on ‘Strategy 2035’

Indian coal-fired power plants likely to miss new emission control norms deadline

By: Ajoy K Das     23rd August 2018 Indian coal-fired power plants are unlikely to meet the new emission norms by 2022, missing the deadline for the second time since the Environment Ministry first laid down compliance rules in 2015. In the 2015 notification, the Ministry made it mandatory for thermal power plants to retrofit... 

Anglo Pacific enters H2 in strong position as quality products attract premium

By: Mariaan Webb     23rd August 2018 London-based resource royalties firm Anglo Pacific has reported continued growth in its income during the first half of 2018, with the company swinging to a profit of £13-million, from a loss of £2.5-million in the prior-year period. Total income from the group’s portfolio increased by 20% to... 

Anglo Pacific enters H2 in strong position as quality products attract premium
Kestrel represents a significant portion of Anglo Pacific's income.

Cabinet approves gazetting of updated IRP for public comment 

By: Anine Kilian     23rd August 2018 Communications Minister Nomvula Mokonyane confirmed on Thursday that Cabinet has approved the publication of the updated Integrated Resources Plan (IRP) and that it will be gazetted for comment by no later than August 27. Briefing media on the outcomes of the Cabinet meeting held on Wednesday,... 

Cabinet approves gazetting of updated IRP for public comment

Edenville secures 4 000 t/m coal supply contract in East Africa

By: Marleny Arnoldi     22nd August 2018 Aim-listed Edenville Energy has signed a contract to supply an East African industrial group with up to 4 000 t/m of coal for two years. Payment for the coal will be based on local commercial rates and coal will be supplied with a gross calorific value greater than 4 800 kCal/kg.  

Trump proposes unwinding Obama's coal-plant pollution curbs

By: Bloomberg     21st August 2018 President Donald Trump’s administration on Tuesday unveiled its plan to dramatically weaken carbon dioxide limits on coal-fired power plants by shifting most of the regulatory burden to states in a further assault on the Obama climate legacy. The Environmental Protection Agency’s "Affordable... 

Trump proposes unwinding Obama's coal-plant pollution curbs

South Africa's new coal-fired plants must have emissions technology

By: Reuters     21st August 2018 South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... 

Study initiated to assess conversion of Kelvin power station from coal to gas

By: Terence Creamer     21st August 2018 A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... 

Study initiated to assess conversion of Kelvin power station from coal to gas
The Kelvin power station

NZ High Court orders Bathurst to pay L&M Coal $40m

By: Esmarie Iannucci     21st August 2018 ASX-listed Bathurst Resources has been ordered to make a $40-million ‘performance payment’ to privately held L&M Coal holdings by the High Court of New Zealand, relating to the company’s Escarpment mine, which was placed on care and maintenance in 2016. L&M in December 2016 launched legal... 

Resgen continues pursuit of tandem funding solution for Boikarabelo

By: Simone Liedtke     20th August 2018 ASX- and JSE-listed Resource Generation (Resgen) plans to continue pursuing a tandem approach to finding a funding solution for the development of its Boikarabelo coal mine, in South Africa, but warned that further delays are likely. Delays, the energy resources company pointed out on Monday,... 

Mining industry reaffirms commitment to safety with campaign launch

By: Simone Liedtke     17th August 2018 The Minerals Council South Africa (MCSA), previously known as the Chamber of Mines, on Friday launched its National Day of Safety and Health in Mining 2018, which will see 66 MCSA member companies hosting safety and health days at each of their operations in the next month. The launch of the... 

Mining industry reaffirms commitment to safety with campaign launch
Photo by Dylan Slater
MCSA CEO Roger Baxter

Kangaroo shares jump on deal

By: Esmarie Iannucci     17th August 2018 The share price of junior Kangaroo Resources surged by more than 40% on Friday on news of a takeover offer from major shareholder PT Bayan Resources. Kangaroo on Friday reported that it had entered into a binding scheme implementation agreement with PT Bayan under which the shareholder would... 

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Wits to host earthmoving, maintenance courses

By: Nadine James     17th August 2018 The University of Witwatersrand (Wits) Centre for Mechanised Mining Systems – part of the Wits Mining Institute (WMI) – will present three-day courses in mechanised earthmoving and in maintenance management in November.  WMI director professor Fred Cawood is delighted to introduce the first two... 

Wits to host earthmoving, maintenance courses
Photo by Creamer Media
FRED CAWOOD These courses are aimed at engineers and technicians, and will be followed up by a best practice workshop on South African mechanised mining lessons in 2019

CSIR, Mandela Mining Precinct combine forces in push to improve safety and productivity

By: Nadine James     17th August 2018 The Council for Scientific and Industrial Research (CSIR), as part of its collaboration with the Mandela Mining Precinct, has either developed or adapted several technologies that could be applied in mining environments to improve safety, productivity and efficiency. The function of the Mandela... 

CSIR, Mandela Mining Precinct combine forces  in push to improve safety and productivity

Grootegeluk boosts Exxaro’s H1 coal output

By: Marleny Arnoldi     16th August 2018 Diversified miner Exxaro Resources’ coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017. The company on Thursday attributed the increase in overall output to higher production volumes at the company’s... 

Grootegeluk boosts Exxaro’s H1 coal output
Photo by Creamer Media
Exxaro CEO Mxolisi Mgojo

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