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Coal News

Universal's A$18.6m deal advances

By: Esmarie Iannucci     8th August 2018 The South African Department of Mineral Resources (DMR) has given ASX-listed Universal Coal approval for the transfer of ownership of the Glisa and Eerstelingsfontein mining rights. Universal, through a 49%-owned subsidiary North Block Complex Proprietary (NBC), in March entered into an... 

Wescoal to dispose of LBC assets

By: Anine Kilian     7th August 2018 JSE-listed Wescoal has, through its wholly-owned subsidiary, Leeuw Braakfontein Colliery (LBC), entered into a sale of assets with Sitatunga Resources in terms of which LBC will dispose of its LBC assets in KwaZulu-Natal. The total consideration for the disposal is R103-million and will be paid... 

Atrum hoping to amend Jogmec deal

By: Esmarie Iannucci     7th August 2018 ASX-listed Atrum Coal is hoping to amend its joint exploration agreement with Japan Oil, Gas and Metals National Corporation (Jogmec) at the Panorama North coal project, in Canada, to include the Panorama South project. The two companies have agreed to convert the exclusivity Jogmec has had to... 

New Hope buys 40% in Bengalla from Wesfarmers

By: Esmarie Iannucci     7th August 2018 Coal miner New Hope Corporation has struck an A$860-million deal with fellow-listed Wesfarmers to purchase a further 40% interest in the Bengalla joint venture (JV), in New South Wales. News of the transaction that will increase New Hope’s holding in the project to 80% has lifted New Hope’s... 

New Hope buys 40% in Bengalla from Wesfarmers

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand 

By: Terence Creamer     6th August 2018 State-owned electricity producer Eskom has confirmed that it has entered into a sales incentive pilot programme with nine large industrial customers in a bid to stabilise sales to electricity-intensive industries. The two-year sales incentive pilot programme, which commenced on June 1, has the... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand

Dartbrook underground poised for restart with partner

By: Esmarie Iannucci     6th August 2018 ASX-listed Australian Pacific Coal has struck a joint venture (JV) agreement with a subsidiary of Stella Natural Resources to restart underground operations at the Dartbrook coal mine, in New South Wales. Under the terms of the binding agreement, SNR Mineral Assets will pay Australia Pacific... 

Power system recovery to take 30 days, load-shedding risk remains high 

By: Simone Liedtke     3rd August 2018 State-owned Eskom expects it will take up to 30 days for the power system to recover from the effects of the recent industrial action, which interrupted continuous processes at the power stations. During the 30-day recovery period, the risk of load-shedding remains high, it warned on Friday. 

Power system recovery to take 30 days, load-shedding risk remains high

Noble Group sues Australian coal producers for alleged breaches

By: Bloomberg     3rd August 2018 Noble Group, the commodity trader seeking to push through a restructuring after losing billions of dollars and defaulting, has filed a claim in Australia against two coal producers for alleged breaches of contractual obligations under a marketing services agreement. The Singapore-listed company,... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

S African company supplies four hoppers to Kenyan port

By: Halima Frost     3rd August 2018 South Africa-based equipment supplier BLTWORLD has assisted in supplying four materials handling specialist SAMSON Eco-Hoppers to the Kenyan Port of Mombasa, in June this year. Acquiring the hoppers is part of the Mombasa Resilient Infrastructure Programme (MRIP) initiative by the Kenya Ports... 

S African company supplies four hoppers to Kenyan port
OUT OF THE QUAY The SAMSON hoppers can be moved to free up space where needed

Further progress required in gender transformation

By: Tasneem Bulbulia     3rd August 2018 The mining industry has made major strides as an equal opportunity employer, and is not as bad as some people perceive it to be, with a number of opportunities available for women through employment opportunities and training and development, says diversified natural resource company Glencore... 

Further progress required in gender transformation
ROCK AND A HARD PLACE The conditions and culture in hard rock mines remain tough for the majority of women

Number of female mineworkers gradually increasing as technology and conducive policies are introduced

By: Nadine James     3rd August 2018 The mining industry remains male dominated and much can still be done to address issues that specifically affect women. However, policies aimed at attracting, supporting and retaining women have led to a gradual, but steady increase in the number of women in core roles, as well as the industry in... 

Number of female mineworkers gradually increasing  as technology and conducive policies are introduced

MC Mining takes over Uitkomst mining

By: Esmarie Iannucci     2nd August 2018 Coal miner MC Mining will spend some $4.9-million to acquire the mining equipment from independent mining contractor Khethekile Mining, allowing the company to transition to an owner-operator model at its Uitkomst colliery, in South Africa. The equipment includes a conveyor system and coal... 

De Beers, Anglo American and AfriTin make headlines this week 

By: Creamer Media Reporter      2nd August 2018 De Beers has decided to close the Voorspoed diamond mine in the Free State, Anglo American has drawn a line in the sand for its thermal coal portfolio and emerging tin miner AfriTin is on track to meet its targets. Mining Weekly editor Martin Creamer unpacks the headlines. 

De Beers, Anglo American and AfriTin make headlines this week
De Beers, Anglo American and AfriTin make headlines this week

Menar hopes to expand through $28m Kangra Coal buy

By: Creamer Media Reporter      1st August 2018 Mining investment company Menar Holding plans to acquire a 70% stake in Kangra Coal, which owns assets in Mpumalanga and KwaZulu-Natal, from Madrid-listed Gas Natural Fenosa for $28-million. If approved, the acquisition will add to Menar’s growing portfolio and diversified geographical location... 

Anglo completes sale of New Largo to Seriti

By: Simone Liedtke     1st August 2018 Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation. The cash... 

Anglo completes sale of New Largo to Seriti
Photo by Creamer Media
Mike Teke

Sedgman wins Boikarabelo contracts

By: Esmarie Iannucci     1st August 2018 ASX-listed Resource Generation (Resgen) has executed three separate contracts for its Boikarabelo coal mine, in South Africa. Project house CIMIC on Wednesday announced that its mineral processing company Sedgman had been awarded the design, engineering procurement and construction contract for... 

Cokal gets funding partner for BBM

By: Esmarie Iannucci     1st August 2018 ASX-listed Cokal has secured development funding for its 60% owned Bumi Barito Mineral (BBM) pulverised coal injection (PCI) coal project, in Indonesia. Cokal on Wednesday told shareholders that it had executed a binding term sheet with Aahana Global Resources & Investment, a special purpose... 

Rio Tinto completes Australian coal exit, updates guidance

By: Esmarie Iannucci     1st August 2018 Diversified giant Rio Tinto has updated its coal production guidance for 2018, following the completion of the sale of its remaining coal assets in Queensland, for $3.95-billion. The company on Wednesday announced that it had completed the sale of its interest in the Hail Creek coal mine, and... 

Strong operational performance lifts Arch Coal’s Q2 income

By: Marleny Arnoldi     31st July 2018 NYSE-listed Arch Coal on Tuesday reported net income of $43.3-million, or $2.06 a share, for the second quarter, compared with the net income of $37.2-million, or $1.48 per diluted share, reported for the second quarter of 2017. The company declared adjusted earnings before interest, taxes,... 

Glencore copper, zinc ramp-ups paying off in production numbers

By: Marleny Arnoldi     31st July 2018 The ramp up of diversified miner Glencore’s Katanga mine, in the Democratic Republic of Congo (DRC), has delivered increased copper and cobalt for the first half of this year, in line with full-year guidance, which is 1.4-million tonnes of copper and 39 000 t of cobalt. Financial services... 

Glencore copper, zinc ramp-ups paying off in production numbers
Glencore's Koniambo mine in New Caledonia

Nacala corridor transaction reaffirms ‘Africa open for business’

By: Simone Liedtke     30th July 2018 Owing to a consortium of three export credit agencies (ECAs), the African Development Bank (AfDB) and a lending consortium of six international and four South African banks, a collaboration on funding for the revamp and extension of the Nacala Logistics Corridor has successfully raised... 

Kibo to raise £500 000 for Botswana, Mozambique projects; shareholders approve name change

By: Simone Liedtke     30th July 2018 Aim-listed Kibo Mining has received commitments from an Ireland-based Investment Fund to raise £500 000 through a placing of just over 9.5-million ordinary shares in Kibo of par value at €0.015 at a placing price of 5.25p a share. The funds from the placing will go towards general working... 

Rey sells Duchess Paradise for A$24m

By: Esmarie Iannucci     30th July 2018 ASX-listed Rey Resources has signed a deal with Yuanrun Investment to divest of its Duchess Paradise thermal coal project, in Western Australia, for A$24-million. Yuanrun will pay A$2-million to Ray within ten days of the agreement, with the payment treated as a non-refundable deposit. 

Jameson advances Crown Mountain

By: Esmarie Iannucci     30th July 2018 Project partners Jameson Resources and Bathurst Resources have accelerated work at the Crown Mountain coking coal project, in Canada. The two companies at the end of June signed an agreement which would see Bathurst provide an initial an initial C$4-million investment into Jameson’s Canadian... 

India’s NMDC bags gold mine through highest bid at auctions

By: Ajoy K Das     30th July 2018 Indian State-run iron-ore miner NMDC will mark its maiden foray into gold mining, having bagged a gold mine in the southern province of Andhra Pradesh. NDMC was able to secure the rights to develop and produce from the gold mine emerging as the highest bidder at the auction pipping majors like... 

Treasury says has received draft report on Eskom coal contract

By: News24Wire      30th July 2018 South Africa's National Treasury has received the draft forensic report on alleged irregularities in the awarding by state power utility Eskom of a coal contract to Tegeta and in logistics firm Transnet’s procurement of locomotives from China South Rail, it said at the weekend. The Treasury said... 

Treasury says has received draft report on Eskom coal contract

Anglo draws line in sand for thermal coal 

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

Anglo draws line in sand for thermal coal
Photo by Creamer Media
Anglo CE Mark Cutifani

Coking coal continues multiyear price downtrend

By: Nadine James     27th July 2018 BMI Research expects coking coal prices to gradually edge lower in the second half of this year. Its expectation from the previous forecast done in March that premium hard coking coal export prices will fall below $200/t by mid-year, has played out as prices are now hovering at around $170/t. 

Chinese investors plan $10bn metallurgical complex in South Africa

By: Reuters     27th July 2018 Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa's President... 

Company meets stringent fire and explosives safety requirements

By: Donald Makhafola     27th July 2018 The increasing demand for strict fire and explosion protection in the hazardous areas of mining has led specialist manufacturer and designer of flameproof diesel engine systems Elgin Flameproofing to introduce the new Elgin 112TR tow tractor model for underground coal mining applications. The... 

Company meets stringent fire and explosives  safety requirements
MODIFIED The newly modified Elgin 112TR flameproofed tractor was officially launched in May

BME expands into US market

By: Nadine James     27th July 2018 South African explosives leader BME has further enhanced its international footprint by supplying its market leading AXXIS electronic detonators to customers in the US. In a statement last week, BME MD Joe Keenan noted that the company is already active with shipments of AXXIS detonators to... 

BME expands  into US market
JOE KEENAN The powerful features of the AXXIS system and its user-friendly interface are going to prove attractive to this new market

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

Lack of investment stymies SA coal producers

Production at Vale’s Moz coal operation increasing again

By: Rebecca Campbell     27th July 2018 Brazilian mining major Vale has reported significantly higher production at its Moatize coal operation during the second quarter of this year (2Q18) in comparison to the first quarter (1Q18). However, 2Q18 production was still lower than that of the same quarter last year (2Q17). The figures were... 

SA needs passive fire protection

By: Donald Makhafola     27th July 2018 Safety in mining is a high priority in South Africa, and the country needs to adopt stricter regulations regarding passive fire protection systems, says global technologies company Hilti South Africa mining, business development manager Hector Cerdio. More awareness should also be created... 

SA needs passive fire protection
FIRESTOP BARRIER Hilti South Africa was awarded new contracts this year to provide passive fire protection solutions, including the firestop, for several South African mining majors

Teck Resources profit beats as higher coal prices offset lower sales volumes

By: Reuters     26th July 2018 Canada's Teck Resources, beat analyst estimates for quarterly profit on Wednesday as higher prices more than offset lower-than-expected sales volume of metallurgical coal. The world's second-biggest exporter of steelmaking coal stuck to its annual coal production forecast of 26-million tonnes to... 

Ncondezi submits updated tariff proposal for Mozambique energy project

By: Marleny Arnoldi     26th July 2018 Aim-listed Ncondezi Energy has submitted an updated tariff proposal to Mozambican State-owned power utility Electricidade de Moçambique (EDM) and the Ministry of Mineral Resources and Energy (Mireme). The updated tariff proposal arose from a financial model submitted to the two authorities, which... 

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