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Coal News

Kibo Mining issues 8.3m shares in settlement to Sanderson Capital Partners

By: Marleny Arnoldi     2nd May 2018 Aim- and AltX-listed energy and resources company Kibo Mining on Tuesday issued 8.3-million new shares, valued at €0.015 a share, to Sanderson Capital Partners as a partial settlement on the $568 712 drawn down under a December 2016 forward payment facility.  

War on coal is making the world's top mine owners a lot richer

By: Bloomberg     2nd May 2018 The world’s war on coal is making its biggest producers a lot richer, at least for now. With governments from Asia to Europe setting stricter pollution limits as the climate change debate intensifies, output of the planet’s dirtiest fuel is dropping. Some of the more significant declines are... 

Hope for New Acland as Land Court decision is to be reviewed

By: Esmarie Swanepoel     2nd May 2018 Coal miner New Hope Group has welcomed a judgment by the Supreme Court of Queensland for a Judicial Review of a Land Court decision over the New Acland coal mine Stage 3 expansion. The Queensland Land Court in May of last year decided not to support the grant of a mining lease and environmental... 

Hope for New Acland as Land Court decision is to be reviewed

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

By: Henry Lazenby     1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... 

Captive Canadian miners decry minister’s move on Bill C-49

By: Henry Lazenby     30th April 2018 Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment giving the Canada Transportation Agency own-motion power, in Bill C-49 – legislation that amends the... 

Contura Energy, Alpha Natural Resources to rejoin forces

By: Henry Lazenby     30th April 2018 Coal producers Contura Energy and Alpha Natural Resources have signed a definitive deal to merge the two entities that were split after Alpha filed for Chapter 11 bankruptcy protection in August 2015. The move is expected to create the largest US metallurgical coal producer, which on a pro forma... 

Contura Energy, Alpha Natural Resources to rejoin forces

Kubayi-Ngubane to unveil Mandela Mining Precinct

By: Nadine James     30th April 2018 Science and Technology Minster Mmamoloko Kubayi-Ngubane will deliver the keynote address at the launch of the Mandela Mining Precinct, a Mining Phakisa initiative aimed at reviving South Africa’s flagging mining sector, on May 4. The Mandela Mining Precinct is aimed at supporting local... 

Kubayi-Ngubane to unveil Mandela Mining Precinct
MMAMOLOKO KUBAYI-NGUBANE The minister will be joined by the Ministers of Mineral Resources, Trade and Industry and Planning, Monitoring and Evaluation

No agreement yet in Eskom’s discussions with Optimum BRPs

By: Simone Liedtke     30th April 2018 State-owned power utility Eskom says it is considering a proposal by Optimum coal mine business rescue practitioners (BRPs) to reduce the monthly coal supply tonnage from the mine from 400 000 t to 200 000 t for the remainder of the contract period. Eskom on Monday stressed, however, that it has... 

Peabody shares trade lower as profit declines; board expands $1bn share buyback plan

By: Henry Lazenby     26th April 2018 US coal producer Peabody Energy has reported a 10% slide in first-quarter earnings, despite a 10% improvement in revenues and a board decision to expand the share buyback programme from $500-million to $1-billion, the company announced on Wednesday. The company’s NYSE-listed equity fell as much... 

New association aims to raise level of debate on energy economics in South Africa

By: Terence Creamer     26th April 2018 A new independent professional organisation was launched in Pretoria on Thursday with the aim of raising the level of research and debate on energy economics in South Africa, where policy and regulatory uncertainty remain a major constraint to investment. Named the South African Association for... 

New association aims to raise level of debate on energy economics in South Africa
Photo by Dylan Slater
SAAEE president Professor Roula Inglesi-Lotz

MC Mining’s Q3 output falls on equipment availability challenges at Uitkomst

By: Anine Kilian     26th April 2018 Equipment availability challenges resulted in an 18% quarter-on-quarter decrease in production at MC Mining’s Uitkomst metallurgical and thermal coal colliery to 115 750 t for the three months ended March 31. “The contract miner experienced equipment availability challenges during the quarter,... 

MC Mining’s Q3 output falls on equipment availability challenges at Uitkomst
Photo by Creamer Media
MC Mining CEO David Brown

Online submission streamlines application procedure for water licences

By: Nadine James     26th April 2018 The process for water use licence applications (WULAs) is improving as a result of an online system being put in place by the Department of Water and Sanitation (DWS), according to SRK Consulting principal environmental scientist Jacky Burke. Burke, the leader of SRK’s WULA Group, hosted a... 

Coal production at Vale’s Moz operation hit by bad weather

By: Rebecca Campbell     26th April 2018 Brazilian mining major Vale is maintaining its guidance that its Moatize operation in the Tete province of Mozambique will reach a production rate of 18-million tons (Mt) next year. It gave this assurance in its recently published report “Vale’s production and sales in 1Q18”. (1Q18 meaning the... 

Drones being used to map underground areas, saving time and improving safety

By: Nadine James     26th April 2018 It is inevitable that advancement in robotics, the Internet of Things and Artificial Intelligence, would impact on the mining survey industry, says surveyor Johan Weakley. He explains that, through the collaboration of Canadian geotechnical solutions provider Clickmox Solutions and Swedish drone... 

Drones being used to map underground areas, saving time  and improving safety
TILT RANGER The underground mobile scanning system is the first of its kind available in Africa, and is distributed through Mining Technology Suppliers

Eskom dealing with coal shortages at seven power stations  

By: Marleny Arnoldi     25th April 2018 State-owned power utility Eskom on Wednesday said it had put measures in place to deal with the coal shortages at seven of its power stations, in Mpumalanga, and has assured the public that this would not result in load-shedding.  

Eskom dealing with coal shortages at seven power stations
Majuba power station

Exxaro to fund R100m road upgrade in Limpopo

By: Marleny Arnoldi     25th April 2018 Diversified miner Exxaro Resources and provincial roads agency Roads Agency Limpopo (RAL) on Wednesday signed a memorandum of agreement for the R100-million upgrade of a road in Lephalale. The project, to be implemented jointly, is for the upgrade from gravel to tar of road D2001, which stretches... 

Exxaro to fund R100m road upgrade in Limpopo

Ncondezi reviews updated EPC, operations and maintenance proposals

By: Marleny Arnoldi     25th April 2018 Power development company Ncondezi Energy is reviewing updated proposals for the engineering, procurement and construction (EPC) and operations and maintenance (O&M) contracts for its integrated 300 MW power and coal mine project in Tete, Mozambique.  

Prairie secures court win in Poland

By: Mariaan Webb     25th April 2018 The Polish Civil Court has ruled in favour of ASX- and LSE-listed Prairie Mining by granting an injunction preventing the Ministry of Environment (MoE) from granting concessions or concluding usufruct agreements with third parties until full court proceedings are concluded. The company started... 

Teck profit rises on strong copper, zinc price and volume gains

By: Henry Lazenby     24th April 2018 Higher copper and zinc prices and improved copper sales volumes that were driven by higher output, have contributed to lift Canada’s largest diversified miner’s first-quarter profit by 15%, the company announced on Tuesday. Adjusted profit attributable to shareholders, which typically excludes... 

MC Mining appoints new board members

By: Anine Kilian     24th April 2018 Coal developer MC Mining has appointed CFO Brenda Berlin as an executive director to its board and also announced two nonexecutive director appointments. Berlin was named CFO in November last year and joined MC from Impala Platinum, where she held a number of senior appointments, including head... 

Moody's changes outlook on Glencore's ratings to positive from stable

By: Nadine James     24th April 2018 Moody's Investors Service has assigned Glencore a ‘Baa2’ long-term issuer rating with a positive outlook. Moody’s says Glencore's improved credit profile was driven by higher commodity prices and consistently low production costs.  

Rusal sanctions seen risk to Kazakh coal venture – Samruk Energy

By: Reuters     24th April 2018 The Bogatyr Komir coal mining joint venture between Kazakhstan's state-run Samruk Energy and Rusal could face risks linked to US sanctions against the Russian aluminium producer, Samruk said on Tuesday. Bogatyr Komir produces 41-million tonnes of coal a year, which it sells in Kazakhstan and... 

US coal bailout review is said to slow as Trump faces pushback

By: Bloomberg     23rd April 2018 A bankrupt power generator’s plea for President Donald Trump to help saving money-losing power plants has drawn opposition from key administration officials, slowing action on the proposal, according to two people familiar with the deliberations. FirstEnergy Solutions Corp. asked the Trump... 

Indian power stations told to stock up coal for monsoon season

By: Ajoy K Das     23rd April 2018 India’s Coal Ministry has requested thermal power generation companies to increase plant level coal stocks to about 30-million tons, from 16.5-million tons at present, ahead of the monsoon season starting in June. Coal Secretary Susheel Kumar has said that a production and supply plan is being... 

Gupta-owned mines' rehabilitation fund case postponed

By: News24Wire      20th April 2018 An urgent court application by the Gupta-owned Optimum and Koornfontein coal mines to reclaim rehabilitation funds worth over R1.7-billion, has been postponed. The money was seized by the National Prosecuting Authority's (NPA) Asset Forfeiture Unit. Trustees of the rehabilitation funds controlled... 

Trump's latest plan for saving coal comes from the Cold War

By: Bloomberg     20th April 2018 Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using... 

Maatla Energy gets enviro approval for Botswana mine

By: Marleny Arnoldi     19th April 2018 Coal and energy company Maatla Energy’s subsidiary, Maatla Resources, has received approval for the environmental-impact assessment (EIA) for its Mmamabula export coal mine, in Botswana.  

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

By: Esmarie Swanepoel     19th April 2018 Mining giant BHP has reduced its full-year production expectations for its Pilbara iron-ore operations, as well as the Olympic Dam mine, in South Australia. The miner on Thursday reported a 6% drop in iron-ore production during the three months to March, compared with the previous quarter,... 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

Eskom says facing coal shortages at seven power plants

By: Reuters     17th April 2018 South African power utility Eskom, which is battling to recover from a financial and leadership crisis, said on Tuesday that it was facing coal shortages at seven power stations. Eskom supplies around 95% of South Africa's electricity, predominantly by burning coal. The state-owned utility has... 

Eskom says facing coal shortages at seven power plants

Outa calls for Eskom turnaround before tariff hikes are granted  

By: Kim Cloete     17th April 2018 Eskom should first implement a turnaround strategy before the National Energy Regulator of South Africa (Nersa) considers granting it a tariff hike, says the Organisation for Undoing Tax Abuse (Outa). “Eskom leadership must institute stringent measures to recoup the billions of rands siphoned out... 

Troubled Gupta coal mines threaten South Africa with power cuts

By: Bloomberg     17th April 2018 South Africa’s State-owned power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply, raising the specter of a return to rolling power cuts that have periodically slowed the economy since 2008. Eskom Holdings is diverting coal... 

Troubled Gupta coal mines threaten South Africa with power cuts

Coal India earmarks corpus for CBM foray

By: Ajoy K Das     17th April 2018 State-owned Coal India Limited (CIL) has earmarked $462-million for its foray into exploration and production of coal-bed methane (CBM), following government’s announcement that it will relax rules to allow the company to exploit the resource. Though plans are yet to be finalised, sources have... 

Whitehaven reports another solid quarter

By: Esmarie Swanepoel     17th April 2018 ASX-listed Whitehaven Coal has reported a lift in production during the March quarter, with run-of-mine (ROM) production up to 5.9-million tonnes during the three months under review. This was up from the 5.4-million tonnes produced in the previous quarter, and the 5.6-million tonnes produced... 

Eskom kicks off public hearings by asking for R66.6bn 

By: Kim Cloete     16th April 2018 Eskom has argued its case for the National Energy Regulator of South Africa (Nersa) to grant it the R66.6-billion it is claiming, including for unforeseen expenses and unrealised revenue for the past three financial years. An Eskom team on Monday kicked off countrywide public hearings in Cape... 

Eskom kicks off public hearings by asking for R66.6bn
Photo by Dylan Slater
Eskom interim CEO Phakamani Hadebe

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Glencore releases all-embracing 117-page sustainability report
Glencore's Anna Krutikov

Resgen secures R540m IDC loan

By: Marleny Arnoldi     16th April 2018 The Industrial Development Corporation of South Africa (IDC) has approved JSE- and ASX-listed Resource Generation’s (Resgen’s) request for R540-million in funding.  

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