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Coal News

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

CoAL issues share warrants to IDC

By: Anine Kilian     30th October 2017 Triple-listed Coal of Africa Limited (CoAL) has issued about 48.18-million unlisted share options or warrants to the Industrial Development Corporation (IDC). This is in line with the terms of a loan agreement between the company, its subsidiary Baobab Mining and Exploration and the IDC, which... 

India’s Coal Ministry directs CIL to ramp up daily coal production, dispatch

By: Ajoy K Das     30th October 2017 India’s Coal Ministry has directed Coal India Limited (CIL) to ramp up production to two-million tons a day, up from an average of 1.6-million tons a day at present, and bring down its pithead stocks to nil from 30-million tons currently being carried. More importantly, to mitigate the shortage... 

India’s Steel Ministry explores coal gasification plant at ICVL’s Mozambique mine

By: Ajoy K Das     30th October 2017 India’s Steel Ministry is exploring the feasibility of constructing a coal gasification plant at Indian Coal Ventures Limited’s (ICVL’s) Mozambique coal mine. The Steel Ministry has put a coal gasification plant proposal on the table close on the heels of ICVL floating a tender to appoint a mine... 

Exxaro spending R20bn on coal projects

By: Martin Creamer     27th October 2017 One of South Africa’s largest and foremost black-empowered mining companies, Exxaro Resources, is implementing a five-year, R20-billion capital expenditure (capex) programme on coal mining projects in Limpopo and Mpumalanga. The black-led JSE-listed company has seven coal projects under way, four... 

Exxaro spending R20bn on coal projects
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

CoAL considers name change, secures approval for Makhado Lite strategy

By: Natasha Odendaal     27th October 2017 Triple-listed Coal of Africa Limited (CoAL) is reviewing potential second cash generator prospects, the disposal of further noncore assets and a rationalisation of the bourses on which it is listed as it continues restructuring its balance sheet. This followed the acquisition of the Uitkomst... 

CoAL considers name change, secures approval for Makhado Lite strategy
Photo by Duane Daws
CoAL CEO David Brown

Kibo secures Esia certification for Mbeya project

By: Natasha Odendaal     27th October 2017 AltX- and Aim-listed Kibo Mining has been granted an environmental- and social-impact assessment (Esia) certificate for its Mbeya coal and power generation project, in Tanzania. The Esia is the latest critical milestone for the company’s Mbeya coal-to-power project (MCPP), taking the project a... 

Profits hit by strike but support for industry, communities continues

     27th October 2017 Coal miner Sasol Mining reported a 21% decline in its operating profit for the 2017 financial year, compared with the previous comparable period. The mining business unit of integrated chemicals and energy company Sasol, Sasol Mining’s profit dropped to R3.7-billion, mainly owing to the negative... 

Profits hit by strike but support for industry, communities continues
FEDING OPERATIONS Sasol Mining operates six coal mines that supply feedstock for its Secunda (Sasol Synfuels Operations) and Sasolburg (Sasolburg Operations) complexes in South Africa

Vale’s Moatize operation continues to hit new production highs

By: Keith Campbell     27th October 2017 Brazilian mining group Vale’s Moatize coal operation in the Tete province of Mozambique has again set a new quarterly production record. This was revealed by the miner in its recently released report, “Vale’s Production in 3Q17”. Indeed, the third quarter (3Q17) saw the group achieve its highest... 

Supply of coalbed methane being investigated

     27th October 2017 Independent clean energy company NuEnergy Gas has signed a memorandum of understanding (MoU) with Pertamina Gas to investigate the supply of coalbed methane (CBM) from its Tanjung Enim production sharing contract (PSC) for distribution to Pertamina Gas consumers in Sumatra, in western Indonesia.... 

Supply of coalbed methane being investigated
MEETING ENERGY NEEDS NuEnergy is focused on the development of Indonesian unconventional gas assets to meet the country's growing demands

Coal miner pushing to further productivity, cost efficiency

     27th October 2017 In 2018, mining company Sasol Mining will have renewed focus on its business improvement programme to improve productivity and cost efficiency, states integrated chemicals and energy company Sasol in its Integrated Report, published June 30. Sasol notes that its mining business unit is... 

Coal miner pushing to further  productivity, cost efficiency
Photo by Duane Daws
PROGRESS PROJECTED In the year ahead, Sasol Mining expects to further advance the second phase of its Impumelelo mine

Draft regulations on rehab funds at odds with other pieces of legislation

By: Dylan Slater     27th October 2017 Mining companies are between a “rock and a hard place” over proposed tax measures to curb what government says is abuse of mining rehabilitation funds, according to law firm Bowman Gilfillan partners Betsie Strydom and Wandisile Mandlana.  

Proximity detection system commissioned, training ongoing

By: Tasneem Bulbulia     27th October 2017 South African mining safety and monitoring solutions provider Monitech has assisted in ensuring that coal miner Sasol Mining complies with Chapter 8 of the Mine Health and Safety Act, which states that all trackless mobile machinery (TMM) should be fitted with a proximity detection system (PDS)... 

Proximity detection system commissioned, training ongoing
MEETING REQUIREMENTS Monitech’s Matrix Intellizone proximity detection system portfolio spoke to and addressed the need for a reliable, effective, accurate and low-cost-of-ownership solution for Sasol Mining’s projects

Australia notified China of Adani coal mine approvals in letter

By: Reuters     26th October 2017 Australian politicians told China of government approvals for a controversial A$16.5-billion coal mine project being built by Indian conglomerate Adani Enterprises, a panel of senators heard on Thursday. Thousands of people turned out across Australia this month to protest against the project in... 

Resgen making progress at Boikarabelo mine, extends CEO’s contract

By: Anine Kilian     26th October 2017 Dual-listed Resource Generation (Resgen) has made demonstrable progress on material contracts and funding for the rail link at its Boikarabelo coal mine in South Africa’s Waterberg region in the three months to September 30. The first credit approval for full funding of the link has been obtained... 

Govt eager to get mining parties back to the table – Gigaba

By: Natasha Odendaal     25th October 2017 With the implementation of the revised – and heavily contested – Mining Charter Three postponed to December, Finance Minister Malusi Gigaba on Wednesday said it was critical that the current impasse in the mining sector be resolved. Earlier this year, the Department of Mineral Resources (DMR)... 

Govt eager to get mining parties back to the table – Gigaba
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Eskom a ‘risk to entire economy’, Gigaba says as he reaffirms unaffordability of nuclear 

By: Terence Creamer     25th October 2017 As guarantor over a significant portion of Eskom’s debt, the prevailing governance problems at the State-owned utility were of “grave concern” and had become an “enormous risk” to government and the entire economy, Finance Minister Malusi Gigaba said on Wednesday. Delivering his first Medium-Term... 

Eskom a ‘risk to entire economy’, Gigaba says as he reaffirms unaffordability of nuclear

CIL’s September production reverses negative growth rate

By: Ajoy K Das     25th October 2017 Coal India Limited (CIL) has increased its production during the month of September, enabling the miner to reverse the negative growth trend for the first half of the 2017/18 financial year. However, even after stepping up September production and reversing the negative growth trend of previous... 

Whitehaven seeks approval to expand Vickery to 10Mt/y

By: Esmarie Swanepoel     25th October 2017 Coal miner Whitehaven Coal is seeking approval to expand its Vickery project, in New South Wales, from the approved 4.5-million tonnes a year to up to ten-million tonnes a year. Chairperson Mark Vaile told shareholders on Wednesday that the company was in the final stages of preparing to submit... 

Cimic gets A$440m contract with BHP

By: Esmarie Swanepoel     25th October 2017 Project house Cimic has been awarded two contracts with mining major BHP and its joint venture partner Mitsubishi at the Caval Ridge and Peak Downs coal mines, in Queensland. The two contracts, with a combined revenue of A$440-million, will see Cimic, through its subsidiary Thiess, deliver mining... 

One rare thing to watch for in US coal earnings: A profit

By: Bloomberg     24th October 2017 After years of bleeding cash and a painful string of bankruptcies, US coal miners are poised to do something rare – enjoy an earnings season. Boosted by higher global coal prices and a more conservative approach to mining, Peabody Energy kicks off the industry’s reporting cycle Wednesday and is... 

One rare thing to watch for in US coal earnings: A profit

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

Mixed fortunes for Anglo’s copper, coal and nickel divisions

By: Ilan Solomons     24th October 2017 Diversified major Anglo American recorded increases in production at its copper units, while coal and nickel production decreased in the third quarter, ended September 30. The company on Tuesday posted a 6% year-on-year increase in production on a copper-equivalent basis in the third quarter of... 

Mixed fortunes for Anglo’s copper, coal and nickel divisions
Photo by Bloomberg
For the first nine months of the year, copper equivalent production increased by 8%, while copper production increased by 5% to 147 300 t

Universal increases output and sales

By: Esmarie Swanepoel     24th October 2017 South Africa-focused coal miner Universal Coal has reported a 20% increase in coal sales for the quarter ended September, compared with the June quarter. Coal sales during the quarter reached 1.25-million tonnes, up from just over one-million tonnes sold in the June quarter, as the New... 

Consol’s coal spin-out launches $350m debt offering

By: Henry Lazenby     23rd October 2017 Consol Energy’s new subsidiary Consol Mining, which will hold the parent’s coal assets following the spin-out of the coal business into a new separate entity, plans to raise $350-million in debt. The Delaware-incorporated entity said that, subject to market and other conditions, it intends to... 

Nersa releases dates and venues for upcoming Eskom hearings

By: Creamer Media Reporter      20th October 2017 The National Energy Regulator of South Africa (Nersa) has published the dates and venues for its upcoming public hearings into Eskom’s revenue application for the 2018/19 financial year. Eskom has applied for an allowable revenue of R219.5-billion, which would translate to a 19.9% average... 

Nersa releases dates and venues for upcoming Eskom hearings

Ncondezi enters into negotiations with GE, CMEC for mine development

By: Natasha Odendaal     20th October 2017 Aim-listed Ncondezi Energy has entered into negotiations with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa for the development, construction and operation of the integrated Ncondezi 300 MW coal-fired power project and openpit coal mine, in Tete,... 

Eskom approval is last remaining hurdle for R2.3bn Seriti Coal deal

By: Terence Creamer     20th October 2017 The black-empowerment consortium selected as the preferred bidder for Anglo American’s Eskom-tied coal operations is optimistic that the State-owned utility will approve the ceding of three coal supply agreements (CSAs) from Anglo to Seriti Coal by year-end. The R2.3-billion transaction was... 

Eskom approval is last remaining hurdle for R2.3bn Seriti Coal deal
Photo by Duane Daws
Thebe Energy and Resources CEO Sizwe Mncwango

South32 is said to study bid for $1.6bn Rio coal portfolio

By: Bloomberg     20th October 2017 South32 is studying a potential bid for Rio Tinto Group’s A$2-billion ($1.6-billion) coking coal portfolio, people familiar with the matter said, as it seeks to take advantage of surging prices for the steelmaking ingredient. The Perth-based company is working with an adviser as it weighs an... 

South32 is said to study bid for $1.6bn Rio coal portfolio
Rio Tinto's Kestrel mine.

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Eskom’s new R174bn grid plan includes R18bn for IPP connections

By: Terence Creamer     19th October 2017 State-owned electricity utility Eskom says all connection costs relating to 27 outstanding renewable-energy projects have been included in its latest Transmission Development Plan (TDP), which covers the ten-year period from 2018 to 2027. The renewable-energy projects were legally procured in... 

Eskom’s new R174bn grid plan includes R18bn for IPP connections

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

BHP's chairperson holds first annual meeting, plans to review board

By: Bloomberg     19th October 2017 In  Ken MacKenzie’s first annual shareholder meeting at BHP Billiton, he emphasised that while the company will listen to investors, it is the board that makes decisions. For most companies, that’s a pretty unremarkable statement, but it carries extra weight at BHP, which is under pressure by... 

BHP's chairperson holds first annual meeting, plans to review board
BHP chairperson Ken Mackenzie

Blame game on over supposed coal shortage in India

By: Ajoy K Das     19th October 2017 In a blame game over a supposed coal shortage in the country, India’s Coal Ministry has fingered thermal power companies for their failure to follow procedures and a lack of efficient inventory management, while demanding more supplies of dry fuel. The Coal Ministry has claimed that it has been... 

Outa accuses Eskom consultants of ‘gambling’ with public money

By: Kim Cloete     19th October 2017 The Organisation Undoing Tax Abuse (Outa) has alleged that Eskom consultants Trillian Capital Partners have been “dabbling” in derivatives and losing billions of rands in the process. “Trillian has been dabbling in derivatives with our public money, racking up losses of R27-billion,” Outa... 

Outa accuses Eskom consultants of ‘gambling’ with public money
Photo by Duane Daws
Ted Blom

South32 bolsters net cash to $1.7bn, reports solid Q1 results

By: Esmarie Swanepoel     19th October 2017 Diversified miner South32 on Thursday reported its financial and operational results for the first quarter of the 2018 financial year, telling shareholders that stronger commodity markets had delivered a $33-million increase in its net cash position. “Our key commodity markets continue to... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results
Photo by Bloomberg
South32 CEO Graham Kerr

BHP told bending to activists poses risks for debt investors

By: Bloomberg     19th October 2017 BHP Billiton’s new chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24-billion of bonds. The campaign by funds including billionaire Paul Singer’s... 

BHP told bending to activists poses risks for debt investors
BHP new chairperson Ken Mackenzie

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