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R/$ = 13.47 Change: -0.03
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Pt 878.00 $/oz Change: 13.83

Coal News

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... 

Rio sees $5bn copper expansion on track amid Swiss probe

By: Bloomberg     26th March 2018 Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3-billion expansion remains on track, according to the producer’s top executive. The attorney general of Switzerland is... 

Rio sees $5bn copper expansion on track amid Swiss probe
Rio Tinto CEO Jean-Sebastien Jacques

Cause of fire at Exxaro reductants plant in Limpopo being investigated

By: Marleny Arnoldi     23rd March 2018 Diversified miner Exxaro Resources and the Department of Mineral Resources are investigating the cause of a fire that broke out at Exxaro’s Grootegeluk reductants plant, in Lephalale, Limpopo, on Wednesday.  

Optimum, Koornfontein employees have not been paid March salaries – NUM

By: Anine Kilian     23rd March 2018 The National Union of Mineworkers (NUM) on Friday said its members at the Optimum and Koornfontein mines have not been paid their March salaries, despite the business rescue practitioner (BRP) promising to pay the workers by Thursday evening. In meetings held between the BRP and the NUM, the BRP... 

AMCU demands summit to discuss renewable energy jobs

By: Anine Kilian     23rd March 2018 The Association of Mineworkers and Construction Union (AMCU) has called for an urgent summit with labour, State-owned Eskom and government to discuss renewable energy and jobs. The trade union said in a statement on Friday that the Departments of Trade and Industry and Economic Development had to... 

Britain refuses permission for new coal mine in northeast England

By: Reuters     23rd March 2018 The British government has refused to allow a new opencast coal mine to be built in northeastern England, the Minister for Local Government said on Friday. Northumberland County Council agreed last year that developer The Banks Group could extract three-million tonnes of coal by cutting an... 

Noble survival threatened as miner sues to end coal deal

By: Bloomberg     23rd March 2018 Noble Group’s week of woe just got a lot worse as the trader, which has defaulted and seen founder Richard Elman quit the board, was sued by an Indonesian coal miner for more than a quarter of a billion dollars in a case that may jeopardise some of its remaining business. In addition to the sum... 

Atrum granted exploration permit in Canada

By: Esmarie Swanepoel     23rd March 2018 Coal miner Atrum Coal has been granted an exploration permit for the Elan South project, in Canada, from the Alberta Energy Regulator. Atrum in August last year entered into a share sale deed to acquire Canada’s Elan Coal’s properties in Alberta. As consideration for Elan, the vendors would... 

Mining Charter, sustainability and coal make this week's headlines 

23rd March 2018 This week, ARM's Patrice Motsepe predicts a successful charter and land outcomes; Anglo commits to ambitious sustainability strategy and Exxaro’s Coal, rapid loadout projects are under construction. Mining Weekly editor Martin Creamer unpacks the headlines. 

Mining Charter, sustainability and coal make this week's headlines
Mining Charter, sustainability and coal make this week's headlines

Court rules that Optimum BRP removal application is urgent

By: Marleny Arnoldi     22nd March 2018 Law firm Kruger & Co Attorneys says the North Gauteng High Court has ruled that its application to remove the current business rescue practitioners (BRPs) for the Optimum coal mine, is urgent.  

Resources Watch  

22nd March 2018 This week: Coal, rapid loadout projects under construction; Exxaro declares innovation an imperative; And, South African foundry aims to expand footprint in North America 

Resources Watch
Resources Watch

Deloitte launches Intelligent Mining Solution to encourage digital transformation

By: Nadine James     22nd March 2018 Advisory firm Deloitte has launched an Intelligent Mining Solution that illustrates how digital transformation in mining can address legacy industry challenges, improve safety and enable the required step change in performance. Deloitte collaborated with several technology business partners to... 

Rio sells another Australian coal asset

By: Esmarie Swanepoel     22nd March 2018 Mining major Rio Tinto has signed a binding agreement with Australian coal producer Whitehaven Coal to divest of its 75% interest in the Winchester South coal project, in Queensland, for A$200-million. “We believe this agreement for the sale of Winchester South represents the best option for the... 

Aspire halts drilling at Nuurstei, reviews rail feasibiity

By: Esmarie Swanepoel     22nd March 2018 Coal developer Aspire Mining has temporarily halted the drilling programme at its Nuurstei coking coal project, in Mongolia, as it holds additional discussions with the nearby communities. Aspire holds a mining lease for its Nuurstei coking coal project, which gives the company a 30-year tenure... 

Qld grants exploration rights between Middlemount and Blackwater

By: Esmarie Swanepoel     22nd March 2018 The Queensland state government has awarded Metroof Minerals and Sojitz Coal exploration rights to a total of about 13 100 ha between Middlemount and Blackwater, to explore for coal. Mines Minister Dr Anthony Lynham said on Thursday that awarding the tenders was another positive result from the... 

Qld grants exploration rights between Middlemount and Blackwater

Atrum raises cash to fund Elan buy

By: Esmarie Swanepoel     21st March 2018 Coal miner Atrum Coal will raise some A12.6-million through a share placement and entitlement offer to complete the acquisition of the Elan coking coal project, in Canada, and to start an aggressive exploration programme at Elan South. The miner on Wednesday reported that an initial A$8-million... 

Investec amends Buffalo Coal term loan, revolving credit facility

By: Simone Liedtke     20th March 2018 Coal miner Buffalo Coal Dundee, a wholly-owned subsidiary of TSX-V- and AltX-listed Buffalo Coal, has entered into an amendment to its term loan and revolving credit facility with Investec Bank. Pursuant to the amendment, the working capital facility under the Investec facility was increased by... 

New Hope sees revenue soar

By: Esmarie Swanepoel     20th March 2018 Coal miner New Hope Group has reported a 36% increase in revenue for the first half of 2018, compared with the previous corresponding period. The ASX-listed miner on Tuesday reported revenues of A$509.3-million for the six months to January, compared with the A$374.6-million reported in the... 

Glencore announces $1.7bn Rio Tinto coal mine deal

By: Esmarie Swanepoel     20th March 2018 Switzerland-headquartered mining major Glencore will acquire diversified miner Rio Tinto’s 82% interest in the Hail Creek coal mine and adjacent coal resources, in Queensland, as well as a 71.2% interest in the Valeria coal resource for $1.7-billion in cash, the company announced on Tuesday.... 

Glencore announces $1.7bn Rio Tinto coal mine deal

Political convergence emerging against commercial coal mining in India

By: Ajoy K Das     19th March 2018 Trade unions operating in the India coal mining industry, irrespective of their political affiliations, are converging in opposing opening up coal mining for private miners, although their modes of protest form will differ. At one end of the opposition brewing up against opening up commercial... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

ARM's Motsepe predicts successful charter, land outcomes
African Rainbow Minerals executive chairperson Patrice Motsepe at presentation of 15% higher half-year earnings covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

Wind body dismisses as ‘false’ link between IPPs and tariffs surge

By: Terence Creamer     16th March 2018 The South African Wind Energy Association (SAWEA) has dismissed as a “falsehood” claims by the National Union of Metalworkers (Numsa) and Transform RSA that the 27 renewable-energy projects, which the two organisations are seeking to block through a court challenge, will raise the cost of... 

Wind body dismisses as ‘false’ link between IPPs and tariffs surge

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

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