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Coal News

‘High priority’ IRP update to be published soon

By: Terence Creamer     10th April 2018 Department of Energy (DoE) director-general Thabane Zulu says the updated Integrated Resource Plan (IRP) is undergoing a final set of processes and consultations, as stipulated by Cabinet in December, before being published in the Government Gazette. Speaking at the Africa Power Roundtable in... 

Government, trade union talks fail to avert proposed Coal India strike

By: Ajoy K Das     10th April 2018 The Indian government’s assurance that State-owned Coal India Limited (CIL) will “maintain its dominant industry position” after coal mining is opened up to private companies has failed to placate workers and more trade unions have joined the planned strike on April 19. CIL workers have been... 

Australia sees miners winning highest Japan coal deal since 2012

By: Bloomberg     9th April 2018 Coal miners are set to win the highest supply contract in six years from Japanese utilities after demand drove spot prices higher, according to Australia’s commodity forecaster. Japan’s utilities will probably pay $100 a metric ton for annual supplies during the period from April to March, the... 

Aurizon puts new wagons on NSW coal lines

By: Esmarie Swanepoel     6th April 2018 Freight hauler Aurizon has reiterated its commitment to the Hunter Valley coal industry, announcing the arrival of a batch of newly-built coal wagons at the Port of Newcastle. Aurizon GM for New South Wales coal operations, Catherin Baxter, said on Friday that the 32 wagons in the consignment... 

Qld grants mining lease to new coal mine

By: Esmarie Swanepoel     6th April 2018 The Queensland Resources Council (QRC) has welcomed the state government’s decision to grant a mining lease for the proposed Dysart East underground coal mine, being developed by privately-held Bengal Coal. QRC CEO Ian Macfarlane said on Friday that the decision to issue the mining lease until... 

Coal drives Queensland exports

By: Esmarie Swanepoel     6th April 2018 New data by the Queensland Treasury has shown that the value of the state’s exports had increased by A$10.3-million over the last 12 months, to A$70-billion, with coal accounting for the lion’s share of this growth. Coal exports increased by more than 19% during the year, or A$4.8-billion, the... 

BME launches new emulsion brand, eyeing North American market

By: Nadine James     6th April 2018 After three decades of advancement in its emulsion offerings, South Africa-based explosives leader BME is subsuming its well-known brands such as HEF, and Megapump under the name of Innovex. According to BME ammonium nitrate-based products, equipment and services product manager Dr Rakhi Pathak,... 

Kibo, Tanesco to meet next week on PPA for MCPP

By: Simone Liedtke     5th April 2018 The Tanzania Electric Supply Company (Tanesco) will convene a work session for the power purchase agreement (PPA) task team for Kibo Mining’s Mbeya coal-to-power project (MCPP) on April 10. Representatives from Kibo and Tanesco will attend the session, which is aimed at finalising work on the... 

Bushveld’s Lemur progressing Madagascar coal and power project

By: Marleny Arnoldi     5th April 2018 Aim-listed diversified miner Bushveld Minerals on Thursday provided an operational update regarding its coal and energy subsidiary Lemur Holdings, stating that the bankable feasibility study for the integrated thermal coal mining and independent power project, in Madagascar, is progressing.  

Bushveld’s Lemur progressing Madagascar coal and power project
Lemur Resources CEO Prince Nyati

Botswana's power utility lifts tariffs by 10%

By: Reuters     5th April 2018 The Botswana Power Corporation (BPC) said on Thursday it had increased electricity tariffs by 10% as the loss-making utility tries to recover costs. BPC has made operating losses for years due to high import costs, non-performing assets and operational inefficiencies. That has made the company... 

Six miners killed in Georgia in coal mine accident – officials

By: Reuters     5th April 2018 Six miners were killed and three injured on Thursday when the roof of a coal mine in western Georgia collapsed, the country's interior ministry said. The ministry said in a statement that the accident had occurred at the Mindeli mine in Tkibuli, 200 km (124.27 miles) west of the capital Tbilisi. 

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

BHP quits World Coal Association over differences in climate policies

By: Esmarie Swanepoel     5th April 2018 Mining major BHP has taken the decision to discontinue its membership of the World Coal Association (WCA), citing “material differences” in their respective climate change policies. The diversified giant also said on Thursday that the decision was also taken in light of the “narrow range of... 

BHP quits World Coal Association over differences in climate policies

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

Coal India lines up logistics investment to reduce transportation dependency

By: Ajoy K Das     4th April 2018 Starting the new financial year with a shift in focus from coal production to distribution and supplies, State-owned miner Coal India Limited (CIL) will invest $3.08-billion over the next five years to achieve full self-sufficiency in transportation of the dry fuel. Coal Minister Piyush Goyal... 

Kibo Mining’s acquisition of 85% stake in Botswana project completed

By: Marleny Arnoldi     3rd April 2018 Multi-asset Africa-focused energy and resources company Kibo Mining has completed the acquisition of an 85% interest in the Mabesekwa Coal Independent Power Project (MCIPP), in Botswana, from Sechaba Natural Resources.  

Prairie Mining starts legal action against Poland's environment Ministry

By: Reuters     3rd April 2018 Australia's Prairie Mining said it filed a lawsuit in a Warsaw civil court on Friday against the Polish environment ministry, seeking an extension to the company's exclusive rights to a mining project in the country. The news sent the miner's shares plunging 30% in London and 20% in Warsaw. 

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind
Zimbabwe President Emmerson Mnangagwa

Vedanta wins bid to buy bankrupt Electrosteel Steels

By: Reuters     2nd April 2018 Vedanta, the Indian unit of diversified mining group Vedanta Resources, said on Saturday it had won in an auction to acquire bankrupt Electrosteel Steels. The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law, which is aimed at cutting close to... 

Eskom says plants run low on coal as Gupta mines undersupply

By: Bloomberg     2nd April 2018 South Africa’s state-owned power utility said it’s running low on coal at six stations as mines owned by the Gupta family failed to meet their contractual supply obligations. The Optimum and Koornfontein mines, which supply Eskom Holdings SOC plants, are owned by companies linked to the Guptas... 

Eskom says plants run low on coal as Gupta mines undersupply

Modular buildings supplier aims to expand its African footprint

By: Melissa Zisengwe     30th March 2018 The remote locations of African mine sites represent a significant business growth opportunity for prefabricated modular buildings supplier Kwikspace, says Kwikspace sales executive Roberto Campos. 

Modular buildings  supplier aims to expand  its African footprint
MINE-SITE OFFICES The South African mining sector has been Kwikspace’s biggest customer

Noble makes another $2.5m available to Resgen

By: Anine Kilian     29th March 2018 Coal project development company Resource Generation (Resgen) has signed a further extension of its facility  agreement with international commodities group Noble Resources to borrow another $2.5-million. The total facility made available to the company is now $34.7-million. 

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

Prairie advances discussions on Polish coal

By: Esmarie Swanepoel     29th March 2018 Coal developer Prairie Mining and Polish coal miner Jastrzębska Spółka Węglowa (JSW) have struck a non-disclosure agreement (NDA) over the potential cooperation over the Australian firm’s Polish coal projects. The NDA would allow the two companies to exchange technical and commercial information... 

Prairie advances discussions on Polish coal

Vale’s Moz operation goes positive for the first time in years

By: Rebecca Campbell     29th March 2018 Last year, for the first time since 2010, Brazilian mining group Vale’s Moatize coal operation in Mozambique recorded positive earnings before interest, taxes, depreciation and amortisation (Ebitda). Moatize is now the group’s only coal operation, following the sale of its last Australian coal... 

Wescoal’s primary objective to optimise operations, extract organic growth

By: Nadine James     28th March 2018 JSE-listed Wescoal is seeking to extract organic growth by optimising its existing operations and diversifying its revenue base, says Wescoal CFO Izak van der Walt. During a media site visit to the miner’s Elandspruit operation, on Tuesday, he noted that the acquisition of Keaton Energy, in 2017,... 

Wescoal’s primary objective to optimise operations, extract organic growth
Photo by Nadine James
ELANDSPRUIT PROCESSING PLANT The run of mine feed capacity of the Elandspruit processing plant has been increased to 200 000 t/m, with the approximate remaining tonnage either sold as raw product, or blended

‘Cyclone Aurizon’ to have double the impact of last year’s Debbie – QRC

By: Esmarie Swanepoel     28th March 2018 The Queensland Resources Council (QRC) on Wednesday warned that freight operator Aurizon’s plans to introduce a revised maintenance plan could reduce coal exports by A$4-billion, and could cut coal royalties by A$500-million a year. Aurizon earlier this month issued an update on the capacity... 

Canada to target smuggling of steel intended to dodge US tariffs

By: Reuters     28th March 2018 Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new US tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday. Trudeau said this month he was aware of concerns that countries facing the tariffs could try to ship supplies... 

Rio Tinto sells stake in Kestrel coal mine for $2.25bn

By: Schalk Burger     27th March 2018 Diversified miner Rio Tinto will sell its 80% stake in the Kestrel underground coal, in Queensland, Australia, to private equity manager EMR Capital and Indonesian listed coal company PT Adaro Energy for $2.25-billion. “The sale of Kestrel, together with the announced divestments of Hail Creek... 

Glencore is said to mull buying back Gupta-linked coal mine

By: Bloomberg     27th March 2018 Glencore is considering a bid for the Optimum coal operations in South Africa, which it sold in 2015 to a company part-owned by the politically connected Gupta family, according to two people familiar with the matter. Optimum supplies fuel to state power utility Eskom Holdings and became a... 

Eskom goes to Parliament to argue its case for a higher tariff increase 

By: Kim Cloete     27th March 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Eskom goes to Parliament to argue its case for a higher tariff increase
Photo by Dylan Slater
Eskom acting CEO Phakamani Hadebe

Half of all US coal plants would lose money without regulation

By: Bloomberg     27th March 2018 It’s long been clear that US coal plants are struggling. A study released Monday shows how much – concluding that barely half earned enough revenue last year to cover their operating expenses. Power grids may face “massive” upheaval as more uneconomic plants close, according to the report by... 

NLC India appoints Adani subsidiary as MDO for Odisha coal blocks

By: Ajoy K Das     27th March 2018 NLC India (formerly Neyveli Lignite Corporation) has signed up Adani Enterprises’ subsidiary Talabira Odisha Mining Private as the mine-developer operator (MDO) for the Talabira II and Talabira III coal blocks in Odisha. In a regulatory filing, Adani Enterprises said that it had “signed a coal... 

Poland's biggest miner PGG expects small rise in 2018 coal output

By: Reuters     27th March 2018 Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017, the company's CEO Tomasz Rogala said on Monday. "I think we will produce more than 30 million tonnes. This could be 30.6-30.7 million," Rogala told reporters. 

Coal India starts supplies to power plants under auctioned linkages

By: Ajoy K Das     26th March 2018 State-owned miner Coal India Limited (CIL) is expected to supply an estimated 27-million tons a year to thermal power companies through long-term supply agreements secured through bidding. Long-term coal allocation was put up for auction for the first time in September and thermal companies... 

Wesfarmers says A$700m Curragh sale nearing completion

By: Esmarie Swanepoel     26th March 2018 ASX-listed Wesfarmers on Monday reported that all conditions precedent for the A$700-million sale of its Curragh coal mine, in Queensland, had been met, clearing the way for the transaction to be completed this week. Wesfarmers in December struck a deal with US coal producer Coronado Coal Group... 

Cimic wins BHP coal contract

By: Esmarie Swanepoel     26th March 2018 Project house Cimic on Monday reported that its mining services arm, Thiess, had been awarded an A$185-million contract from mining major BHP at the Mount Arthur coal project, in the Hunter Valley. The 15-month contract extends the scope of Thiess’ work at the project from load and haul... 

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