R/€ = 14.55 Change: 0.05
R/$ = 11.83 Change: 0.00
Au 1329.08 $/oz Change: 12.15
Pt 949.00 $/oz Change: 2.84

Coal News

Suspended Eskom CFO resigns

By: African News Agency      23rd January 2018 Suspended Eskom chief financial officer (CFO), Anoj Singh, resigned on Monday, South Africa's power utility said. "Eskom has today [on Monday] received, through Mr Anoj Singh’s attorneys, a formal letter of resignation by Mr Singh from his position as the Chief Financial Officer, in line with the... 

South32 makes management shifts as SAEC becomes standalone business

By: Megan van Wyngaardt     22nd January 2018 As part of setting up its South African Energy Coal (SAEC) operations as a standalone business, triple-listed South32 will make changes to the operational accountabilities of its two COOs, Mike Fraser and Paul Harvey. Fraser will now be accountable for the alumina and aluminium operations in... 

Bushveld Minerals upbeat about year ahead

By: Megan van Wyngaardt     22nd January 2018 Aim-listed Bushveld Minerals made “tremendous strides” during the fourth quarter of 2017, which was marked by a strong financial performance from its Bushveld Vametco operations. Supported by a strong vanadium price environment – the ferrovanadium price averaged $33/kg for the 12 months to... 

Paringa starts installing coal infrastructure at Poplar Grove

By: Natasha Odendaal     22nd January 2018 The installation of major coal processing infrastructure has started at ASX-listed Paringa Resources’ Poplar Grove coal mine, in the Illinois basin, Kentucky. Construction at Poplar Grove remains on track to be completed in the third quarter, as the erection of structural support steel at the... 

India to revamp coal block auction process

By: Ajoy K Das     22nd January 2018 India’s Coal Ministry has initiated a revamp of the coal block auction process following the cancellation of two bidding rounds last year, owing to a poor response from non-power companies. The Ministry has set up a committee to prepare a report suggesting changes in the auction model and expects... 

South Africa names Jabu Mabuza as Eskom chair in board shake-up

By: Reuters     20th January 2018   South Africa’s Deputy President Cyril Ramaphosa has appointed a new board at state-owned power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman, the country’s presidency said on Saturday. 

South Africa names Jabu Mabuza as Eskom chair in board shake-up
Photo by Duane Daws
Jabu Mabuza

Union at Colombia's Cerrejon to hear wage offer before possible strike vote

By: Reuters     19th January 2018 The largest union at Cerrejon, Colombia's top thermal coal mine, was set to meet with the company on Friday to hear a new salary and benefits offer before deciding whether to hold a vote on a possible strike. A work stoppage at the Cerrejon mine, which belongs in equal parts to BHP Billiton,... 

India to allot Coal India 11 new mines to boost production by two-fifths

By: Reuters     19th January 2018 India will allow Coal India to build 11 new coal mines, the government said, a move that could increase annual production of the world's largest coal miner by two-fifths. The mines, in the eastern states of Odisha, Jharkhand and Bihar, are expected to operate at full capacity by 2022, Coal... 

Aspire progresses path to feasibility for Nuurstei project

By: Natasha Odendaal     19th January 2018 Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has completed several key steps as it works towards providing the foundation for the start of a feasibility for its Nuurstei coking coal project. The company appointed Neil Wilson as project manager for the Nuurstei... 

African Energy to delist from Botswana exchange

By: Megan van Wyngaardt     19th January 2018 ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares on issue. Listed since October 2011, AER’s directors believed that the administrative costs and... 

African Energy to delist from Botswana exchange

Regulatory uncertainty casting shadow over SA amid forecast for further minerals market uptick

By: Mia Breytenbach     19th January 2018 The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low... 

Regulatory uncertainty casting shadow over SA amid forecast for further minerals market uptick

Ethical leadership, good governance and favourable policies will see mining investors flocking to SA – chamber

By: Dylan Slater     19th January 2018 The findings of a December-2017 released survey conducted by the Chamber of Mines (CoM) indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of... 

China's Dec coal output hits 2-year record over firm demand in winter

By: Reuters     18th January 2018 China's December coal output rose from November to hit its highest level since December 2015, as miners boosted output to meet increasing demand after Beijing softened winter coal burning restrictions in northern homes due to gas shortages. The world's biggest coal miner produced 314.87-million... 

BHP maintains guidance for most commodities, targets 6% volume growth

By: Dylan Slater     18th January 2018 Multinational miner BHP on Thursday kept its full-year production guidance unchanged for all commodities, except metallurgical coal, and said that it would achieve 6% volume growth in the 2018 financial year.  

BHP maintains guidance for most commodities, targets 6% volume growth
The Escondida mine in Chile delivered higher volumes in the December half year.

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

BHP second-quarter iron-ore output up 3%, maintains forecast

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

Eskom inquiry to hear testimony from Singh, Koko next week

By: African News Agency      17th January 2018 The parliamentary inquiry into alleged corruption at Eskom will resume next week with testimony from suspended chief financial officer Anoj Singh and former acting chief executive Matshela Koko, the chairperson of the public enterprises committee Zukiswa Rantho said on Wednesday. "The Committee... 

Universal over delivers on earnings guidance

By: Natasha Odendaal     17th January 2018 ASX-listed Universal Coal has achieved record earnings and production for the six months ended December 2017. The company, which operates coal mines in South Africa’s Mpumalanga province, surpassed its group earnings before interest, tax, depreciation and amortisation (Ebitda) by 33%, reaching... 

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

South32 boasts record manganese, aluminium production in December quarter
Photo by Bloomberg
South32 CEO Graham Kerr

Cloud Peak to export US coal to new power plants in Japan

By: Reuters     17th January 2018 US miner Cloud Peak Energy said on Tuesday it will export coal from a Montana mine for 30 to 40 months to two new power plants in Japan with shipments that could start late next year. The coal from Montana's Spring Creek Mine will be carried by rail to Vancouver and then sent by ship for... 

South32 Q2 coal output falls as mine outage weighs

By: Reuters     17th January 2018 Mining group South32's second-quarter metallurgical coal output dropped 43% due to the suspension of operations at its Appin mine, in Australia, over safety concerns, the company said on Wednesday. Production of coal used in steelmaking fell to 788 000 t in the December quarter from 1.39-million... 

November mining figures impress, but volatility seems to be on the cards

By: Megan van Wyngaardt     16th January 2018 While the local November mining production statistics showed a relatively solid increase by 6.5% year-on-year, bolstered by platinum group metals (PGMs), iron-ore and coal, the longer-term prospects for the industry remain less certain, owing to a difficult operating environment and policy... 

India to review coal blocks identified for allocation

By: Ajoy K Das     16th January 2018 India’s Coal Ministry will undertake a fresh review of 117 coal blocks that were identified in 2014 for development. A committee, comprising representatives of the Coal Ministry, government-owned miner Coal India Limited and its consultancy arm, has been appointed to “identify coal and lignite... 

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

China's State-owned coal firms target 12.65Mt of capacity cuts – Xinhua

By: Reuters     15th January 2018 China's central government-owned enterprises will target coal capacity cuts of 12.65-million tonnes in 2018, the official Xinhua news agency reported on Monday. The Xinhua report, which followed a meeting of the heads of companies controlled by China's State-owned Assets Supervision and... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Indian tribunal orders liquidation of Gujarat NRE Coke

By: Reuters     12th January 2018 India's National Company Law Tribunal (NCLT) has ordered liquidation of Gujarat NRE Coke after the company's debt resolution plans failed. The Kolkata bench of the NCLT, the designated court for bankruptcy cases, on Thursday passed the order, which was filed with the stock exchanges on Friday. 

Chinese coal imports rise in Dec on looser customs curbs

By: Reuters     12th January 2018 China's coal imports rose in December from the previous month, as Beijing loosened curbs on shipments brought in through some ports to ease supply shortages of the fuel. Arrivals of coal, which include lignite, reached 22.74-million tonnes last month, up from 22.05-million tonnes in November,... 

World's top commodity engine roars to record with Xi at helm

By: Bloomberg     12th January 2018 China continues to gobble up the world’s commodities, setting new records for consumption of everything from crude oil to soybeans. In a year of flux marked by industrial capacity cuts, environmental curbs and financial deleveraging, demand for raw materials has continued to grow in the world’s... 

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Regency eyes larger role in EV market

By: Natasha Odendaal     11th January 2018 London-listed Regency Mines plans to reposition itself to fully leverage the mineral resources to be used in the rising electric vehicle (EV) batteries and related energy technologies. The company on Thursday said in an update to shareholders that it aimed to rebrand its nickel/cobalt and related... 

Industry heavyweights praise State capture inquiry head appointment

By: Megan van Wyngaardt     10th January 2018 South African business and industry on Wednesday lauded the appointment of Deputy Chief Justice Raymond Zondo to head the commission of inquiry into State capture. This followed President Jacob Zuma's decision on Tuesday to appoint a commission of inquiry following an order issued by the North... 

Industry heavyweights praise State capture inquiry head appointment
Deputy Chief Justice Ray Zondo

Calls made for far-reaching Eskom restructuring as sustainability risks mount

By: Terence Creamer     9th January 2018 Eskom’s current financial situation makes it difficult to see any other path to sustainability than that of drastic cost-cutting, restructuring and bringing private equity into the business, Energy Intensive Users Group of Southern Africa (EIUG) past chairperson Piet van Staden argues. In an... 

Calls made for far-reaching Eskom restructuring as sustainability risks mount

Coal India to chase higher production target despite falling short on 2017/18 goal

By: Ajoy K Das     9th January 2018 Despite trends indicating that Coal India Limited (CIL) has missed its production target in the current financial year, the Indian government has fixed a higher target for the country’s largest miner for 2018/19. Provisional data released indicated that during April to December 2017, CIL produced... 

Coal India to chase higher production target despite falling short on 2017/18 goal

Adani Australia port must refinance soon or face rating cut

By: Bloomberg     9th January 2018 An Australian deep water port linked to one of the world’s biggest planned coal mines should lock in refinancing within six months of a loan maturing in November to safeguard credit ratings on its debt, according to S&P Global Ratings. Adani Abbot Point Terminal in Australia’s Queensland state,... 

Adani Australia port must refinance soon or face rating cut

Edenville sees increase in coal demand from East African customers

By: Anine Kilian     8th January 2018 Aim-listed Edenville Energy has seen an increase in requests to provide coal to clients in East Africa, which could boost its monthly revenue. The company, which recently commissioned the Rukwa coal project, in Tanzania, supplies the bulk of its coal to clients in the East Africa region.... 

Coal dwarfs battery metals in mining deals despite war on pollution

By: Reuters     8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 

Coal dwarfs battery metals in mining deals despite war on pollution

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