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Coal News

Stanmore’s FY revenue and profit surge

By: Esmarie Iannucci     27th August 2018 Coal miner Stanmore Coal has reported a surge in revenues and profit for the 2018 financial year, as coal prices increased. Revenue for the year ended June was up by 51%, to A$208-million, while gross profits increased by 55%, to A$52.29-million, Stanmore reported on Monday.  

Bosnian coke maker ordered to halt operations after environmental breaches

By: Reuters     24th August 2018 Bosnian authorities ordered the Balkans' leading metallurgical coke producer to halt operations on Thursday, saying the company had repeatedly breached environmental standards. Global Ispat Koksna Industrija Lukavac (GIKIL), which is majority owned by Dubai-based Global Steel Holdings Ltd (GSH)... 

Australia faces increased blackout risks this summer as coal plants age

By: Reuters     24th August 2018 The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable, the nation's energy market operator said on Friday, calling for more power investment in the next few years. The Australian Energy Market Operator's (AEMO)... 

Bisichi Mining achieves solid coal production, higher earnings in H1

By: Marleny Arnoldi     24th August 2018 UK-based coal miner Bisichi Mining, which has coal interests in South Africa, reported total production of 670 000 t for the six months ended June 30, compared with 582 000 t in the first half of 2017. The company generated earnings before interest, taxes, depreciation and amortisation of... 

Vale remains committed to Moz, despite continued losses at Moatize

By: Rebecca Campbell     24th August 2018 Despite continuing to make a loss, coal-miner Vale Moçambique will continue to make major investments in its assets in Mozambique. This assurance was given at a mid-month press conference in Maputo by the company’s Board Chairman Márcio Godoy. These assets are the Moatize coal mine in Tete... 

South32 to consider South African energy coal ownership options in Sept

By: Marleny Arnoldi     23rd August 2018 Diversified miner South32 will start a process to broaden the ownership of its South Africa Energy Coal (SAEC) business, in September. “We have been very clear that we don’t plan to own an interest in energy coal in the long term, and it has never been a better time in terms of where South... 

Eskom expects to reduce staff by 15% in five years

By: Reuters     23rd August 2018 South Africa's State-run power utility Eskom expects to have 7 000 less staff in five years from now, a senior manager at the utility that is struggling to emerge from a financial crisis said on Thursday. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more... 

Eskom begins stakeholder interactions on ‘Strategy 2035’  

By: Terence Creamer     23rd August 2018 South Africa’s electricity utility Eskom has initiated a series of interactions with stakeholders as part of a review process designed to deliver a new long-term strategy, dubbed ‘Strategy 2035’, for the beleaguered organisation. The new leadership at the State-owned company, together with Public... 

Eskom begins stakeholder interactions on ‘Strategy 2035’

Indian coal-fired power plants likely to miss new emission control norms deadline

By: Ajoy K Das     23rd August 2018 Indian coal-fired power plants are unlikely to meet the new emission norms by 2022, missing the deadline for the second time since the Environment Ministry first laid down compliance rules in 2015. In the 2015 notification, the Ministry made it mandatory for thermal power plants to retrofit... 

Anglo Pacific enters H2 in strong position as quality products attract premium

By: Mariaan Webb     23rd August 2018 London-based resource royalties firm Anglo Pacific has reported continued growth in its income during the first half of 2018, with the company swinging to a profit of £13-million, from a loss of £2.5-million in the prior-year period. Total income from the group’s portfolio increased by 20% to... 

Anglo Pacific enters H2 in strong position as quality products attract premium
Kestrel represents a significant portion of Anglo Pacific's income.

Cabinet approves gazetting of updated IRP for public comment 

By: Anine Kilian     23rd August 2018 Communications Minister Nomvula Mokonyane confirmed on Thursday that Cabinet has approved the publication of the updated Integrated Resources Plan (IRP) and that it will be gazetted for comment by no later than August 27. Briefing media on the outcomes of the Cabinet meeting held on Wednesday,... 

Cabinet approves gazetting of updated IRP for public comment

Edenville secures 4 000 t/m coal supply contract in East Africa

By: Marleny Arnoldi     22nd August 2018 Aim-listed Edenville Energy has signed a contract to supply an East African industrial group with up to 4 000 t/m of coal for two years. Payment for the coal will be based on local commercial rates and coal will be supplied with a gross calorific value greater than 4 800 kCal/kg.  

Trump proposes unwinding Obama's coal-plant pollution curbs

By: Bloomberg     21st August 2018 President Donald Trump’s administration on Tuesday unveiled its plan to dramatically weaken carbon dioxide limits on coal-fired power plants by shifting most of the regulatory burden to states in a further assault on the Obama climate legacy. The Environmental Protection Agency’s "Affordable... 

Trump proposes unwinding Obama's coal-plant pollution curbs

South Africa's new coal-fired plants must have emissions technology

By: Reuters     21st August 2018 South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... 

Study initiated to assess conversion of Kelvin power station from coal to gas

By: Terence Creamer     21st August 2018 A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... 

Study initiated to assess conversion of Kelvin power station from coal to gas
The Kelvin power station

NZ High Court orders Bathurst to pay L&M Coal $40m

By: Esmarie Iannucci     21st August 2018 ASX-listed Bathurst Resources has been ordered to make a $40-million ‘performance payment’ to privately held L&M Coal holdings by the High Court of New Zealand, relating to the company’s Escarpment mine, which was placed on care and maintenance in 2016. L&M in December 2016 launched legal... 

Resgen continues pursuit of tandem funding solution for Boikarabelo

By: Simone Liedtke     20th August 2018 ASX- and JSE-listed Resource Generation (Resgen) plans to continue pursuing a tandem approach to finding a funding solution for the development of its Boikarabelo coal mine, in South Africa, but warned that further delays are likely. Delays, the energy resources company pointed out on Monday,... 

Mining industry reaffirms commitment to safety with campaign launch

By: Simone Liedtke     17th August 2018 The Minerals Council South Africa (MCSA), previously known as the Chamber of Mines, on Friday launched its National Day of Safety and Health in Mining 2018, which will see 66 MCSA member companies hosting safety and health days at each of their operations in the next month. The launch of the... 

Mining industry reaffirms commitment to safety with campaign launch
Photo by Dylan Slater
MCSA CEO Roger Baxter

Kangaroo shares jump on deal

By: Esmarie Iannucci     17th August 2018 The share price of junior Kangaroo Resources surged by more than 40% on Friday on news of a takeover offer from major shareholder PT Bayan Resources. Kangaroo on Friday reported that it had entered into a binding scheme implementation agreement with PT Bayan under which the shareholder would... 

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Wits to host earthmoving, maintenance courses

By: Nadine James     17th August 2018 The University of Witwatersrand (Wits) Centre for Mechanised Mining Systems – part of the Wits Mining Institute (WMI) – will present three-day courses in mechanised earthmoving and in maintenance management in November.  WMI director professor Fred Cawood is delighted to introduce the first two... 

Wits to host earthmoving, maintenance courses
Photo by Creamer Media
FRED CAWOOD These courses are aimed at engineers and technicians, and will be followed up by a best practice workshop on South African mechanised mining lessons in 2019

CSIR, Mandela Mining Precinct combine forces in push to improve safety and productivity

By: Nadine James     17th August 2018 The Council for Scientific and Industrial Research (CSIR), as part of its collaboration with the Mandela Mining Precinct, has either developed or adapted several technologies that could be applied in mining environments to improve safety, productivity and efficiency. The function of the Mandela... 

CSIR, Mandela Mining Precinct combine forces  in push to improve safety and productivity

Grootegeluk boosts Exxaro’s H1 coal output

By: Marleny Arnoldi     16th August 2018 Diversified miner Exxaro Resources’ coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017. The company on Thursday attributed the increase in overall output to higher production volumes at the company’s... 

Grootegeluk boosts Exxaro’s H1 coal output
Photo by Creamer Media
Exxaro CEO Mxolisi Mgojo

MC Mining secures R15m banking facility for Uitkomst colliery

By: Simone Liedtke     16th August 2018 Coal miner MC Mining’s 70%-owned Uitkomst colliery has procured a revolving asset facility from South African financial institution Absa Bank. Uitkomst intends to use the facility to finance the acquisition of new underground mining equipment following the transition to owner-operated mining at... 

Kibo receives water permit approval for MCPP

By: Simone Liedtke     16th August 2018 Aim-listed Kibo Energy has received provisional approval from the Lake Rukwa Water Basin Board for water permits for the Mbeya coal-to-power project (MCPP), in Tanzania. An application was made to permit the operation of numerous water boreholes, which the Africa-focussed energy company said are... 

New assets deliver turnaround for Yancoal

By: Esmarie Iannucci     16th August 2018 ASX-listed Yancoal Australia has reported significantly improved numbers in the six months ended June, after the acquisition of mining major Rio Tinto’s Coal & Allied assets in 2017. Yancoal on Thursday reported that revenue for the interim period had reached A$2.3-billion, compared with the... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

By: News24Wire      16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

Exxaro H1 profit lifts boosted by coal performance

By: Reuters     16th August 2018 Exxaro Resources said on Thursday half-year profit rose 8%, boosted by a strong performance in its core coal business. Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in... 

Transnet signals intention to suspend CEO Gama

By: African News Agency      16th August 2018 The Transnet board has served notice on CEO Siyabonga Gama and two other top senior officials that it intends to place them on precautionary suspension. Chief procurement officer Thamsanqa Jiyana and supply chain manager Lindiwe Mdletshe also received letters on Wednesday. 

Transnet signals intention to suspend CEO Gama
Photo by Creamer Media
Transnet CEO Siyabonga Gama

Gordhan announces whistleblower hotline to boost fight against corruption

By: News24Wire      15th August 2018 Stabilising State-owned enterprises could take six months or longer, depending on the extent of corruption, said Public Enterprises Minister Pravin Gordhan. The minister on Wednesday briefed the portfolio committee on public enterprises on the progress made in addressing governance challenges at... 

Gordhan announces whistleblower hotline to boost fight against corruption
Photo by Dylan Slater
Public Enterprises Minister Pravin Gordhan

Kibo to acquire 60% stake in UK energy company

By: Simone Liedtke     15th August 2018 Africa-focussed energy company Kibo Energy has signed a memorandum of understanding (MoU) for the acquisition of a 60% equity interest in UK company Mast Energy Developments (MED). Under the terms of the MoU, Kibo can acquire a 60% shareholding in MED for £300 000 payable to existing MED... 

Lazard drafting plan to bolster Eskom's balance sheet – sources

By: Reuters     14th August 2018 State-owned power firm Eskom has hired financial adviser Lazard to draft a plan to shore up its balance sheet as it struggles to emerge from a financial crisis, two banking sources told Reuters. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more than 90%... 

Japan utilities, Glencore set annual coal contract at $110/t – sources

By: Reuters     14th August 2018 Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018 to March 2019 at $110/t, according to several people with knowledge of the matter. The deals were struck between Glencore and Japanese utilities such as Shikoku Electric,... 

Rukwa plant upgrade set for completion in September

By: Simone Liedtke     14th August 2018 Aim-listed Edenville Energy is planning to complete the upgrade of the processing plant at its Rukwa coal project, in Tanzania, by the end of September, which will allow for increased throughput. A Lamella clarifier water treatment plant is nearing assembly stage completion and will be installed... 

Whitehaven posts record profits

By: Esmarie Iannucci     14th August 2018 Coal miner Whitehaven Coal has reported a record net profit after tax of A$525.6-million for the 2018 financial year ending June, with sales revenues up by 27% and underlying earnings before interest, tax, depreciation and amortization (EBITDA) up by 32% on the previous financial year. Revenue... 

Whitehaven posts record profits

China coal output hits lowest in years, but heatwave boosts power generation

By: Reuters     14th August 2018 China's coal output fell 2% in July to its lowest in years as Beijing's crackdown on polluting industries crimped mining in the world's top consumer of the fuel, driving import demand as hot weather boosted thermal power generation. The country produced 281.5-million tonnes of coal in July, down... 

Seven die in Pakistan mine blast, six missing

By: Reuters     13th August 2018 A mine explosion in Pakistan's southwestern city of Quetta killed at least seven coal miners, a mining official said on Monday, with authorities expecting the death toll could rise. The bodies of the dead were recovered on Monday morning, with efforts being made to retrieve six more men trapped... 

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