http://www.miningweekly.com
R/€ = 15.90 Change: 0.00
R/$ = 13.47 Change: 0.04
Au 1243.94 $/oz Change: 6.10
Pt 877.50 $/oz Change: 0.00
 

Coal News

Edenville starts washed coal production at Rukwa

By: Natasha Odendaal     9th October 2017 Aim-listed Edenville Energy has started producing washed coal for sale at its Rukwa coal project, in Tanzania. This followed the completion of the commissioning and testing of the wash plant, which started late in September. 

Private coal operator Armstrong notifies 110 workers of possibly layoffs

By: Henry Lazenby     7th October 2017 The US steam-making thermal coal market is on a downward trajectory from which it will likely not recover, as cheaper natural gas prices prompt power generators to shutter coal fired capacity. This is evidenced in privately held Armstrong Energy announcing on Thursday that its affiliate has... 

South African mining industry still not spending enough on R&D

By: Mia Breytenbach     6th October 2017 While South Africa has increased its investment in mining research and development (R&D) since 2014, the country’s investment is still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba, on... 

South African mining industry still not spending enough on R&D
Photo by Duane Daws
DRA Group CEO Wray Carvelas

Eskom unveils Maritz as latest interim CEO, Dladla returns to Rotek 

By: Terence Creamer     6th October 2017 The board at embattled State-owned electricity utility Eskom announced on Friday that Sean Maritz had been appointed interim CEO, replacing Johnny Dladla, who himself only took up the position in June, when the previous acting CEO, Matshela Koko, was placed on leave. In a statement headlined,... 

Eskom unveils Maritz as latest interim CEO, Dladla returns to Rotek
Photo by Duane Daws
Sean Maritz

Steelmaking commodities, thermal coal prices to buoy Australian export earnings

By: Esmarie Swanepoel     6th October 2017 The Australian government is forecasting record resources and energy exports in 2017/18, but says exports will decline in 2018/19. The Industry, Innovation and Science department forecasts resources and energy exports of A$211-billion in the current financial year and exports of A$201-billion... 

Steelmaking commodities, thermal coal prices to buoy Australian export earnings

Opinion: South Africa’s coal mining sector could shrink by 46% 

     6th October 2017 In this opinion article, independent economic risk consultant Rob Jeffrey argues that the mining industry and coal industry need to fight for their very future otherwise all is lost. Few people realise that future economic, political and social prosperity are at currently stake. Decisions made in... 

Opinion: South Africa’s coal mining sector could shrink by 46%
Rob Jeffrey

Local conveyor OEM pursues global projects

By: Marleny Arnoldi     6th October 2017 Owing to the downscaling of capital projects in South Africa’s mining industry in response to unstable economic conditions, conveyor equipment manufacturer Moret Mining is expanding more into international markets for conveyor component supply projects.  

Local conveyor OEM pursues global projects
MORET MANAGEMENT Moret Mining sales director Stuart van Blerk, MD Roelf van Blerk and financial director Anton Pretorius

Vereeniging operation offers new milling, crushing solutions  

By: Tasneem Bulbulia     6th October 2017 In line with global industrial equipment company Metsos commitment to innovation, its Vereeniging operation is offering two solutions that are new to the African crushing and milling industries. 

Vereeniging operation offers new milling, crushing solutions
Metso Southern Africa sales and service VP Qasim Abrahams details Metso’s Megaliner, outlines operations at the company’s Vereeniging facility and expounds on the company’s international case studies. Camerawork: Nicholas Boyd. Editing: Tracy Hancock.

Large and small miners announce, plan contract awards for Moz projects

By: Keith Campbell     6th October 2017 Brazilian mining group Vale has awarded Mota-Engil Africa a $445-million contract to supply mining services to the Moatize coal mine, in Mozambique’s Tete province, the Macauhub news agency has reported. Mota-Engil Africa is a subsidiary of the Portuguese engineering, construction, contract... 

Civil society bodies resisting plan for a coal mine in Mpumalanga

By: Mia Breytenbach     6th October 2017 A coalition of eight civil society and community organisations, represented by the Centre for Environmental Rights (CER), which is resisting a proposed coal mine inside a declared protected environment and strategic water source area in Mpumalanga, has stepped up its resistance with further legal... 

Civil society bodies resisting plan for a coal mine in Mpumalanga
Photo by Victor Moolman
CONTESTED COMMODITY Various legal proceedings are under way to oppose the proposed 15-year Yzermyn underground coal mine

Shumba’s coal trading division generates first revenues

     5th October 2017 Coal mining and energy development company Shumba Energy’s coal trading division, Shumba Coal Trading (SCT), has generated the first revenues for the company. The Botswana Stock Exchange-listed company on Thursday said it had sold more than 1 000 t of coal to customers in the regional market, to... 

Mining leaders stress need for good leadership

By: Mia Breytenbach     5th October 2017 Good leadership is critical to South Africa, former AngloGold Ashanti CEO Bobby Godsell said on Thursday. Speaking during a panel discussion on the leadership skills required for the future at the fifth Joburg Indaba conference, he stressed that the “fish rots from the head” and that good... 

Edenville expects washed coal production at Rukwa within a week

By: Schalk Burger     4th October 2017 Production of washed coal from the Rukwa coal project, in south-west Tanzania, is expected to start later this week, Aim-listed thermal coal company Edenville Energy announced on Wednesday. The company plans to produce 5 000 t of washed coal in October, and aims to ramp this up to at least 10 000... 

Rip up charter, provide tax incentives, back junior miners – Maimane 

By: Martin Creamer     4th October 2017 Mining Charter Three should be ripped up, proper tax incentives introduced and junior mining enterprises supported to restore investment in the mining industry, which is a stimulator of the South African economy as a whole, Opposition Democratic Alliance leader Mmusi Maimane said on Wednesday.... 

Rip up charter, provide tax incentives, back junior miners – Maimane
Opposition Democratic Alliance leader Mmusi Maimane, addressing delegates at the Joburg Indaba conference. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize 

By: Martin Creamer     4th October 2017 The majority call by the Joburg Indaba for the government to replace Mineral Resources Minister Mosebenzi Zwane with a new Minister would be communicated to the African National Congress (ANC), which was committed to facilitating an enabling environment for the South African mining industry, ANC... 

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize
ANC treasurer general Dr Zweli Mkhize addresses delegates at the Joburg Indaba about Mineral Resources Minister Mosebenzi Zwane. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Chamber criticised for no-show at Joburg Indaba gala dinner

By: Martin Creamer     3rd October 2017 Officials of the Chamber of Mines of South Africa were criticised for opting to not attend Tuesday night’s Joburg Indaba’s gala dinner, which was addressed by Mineral Resources Minister Mosebenzi Zwane, who stated that he would not discuss the controversial but agreement-fettered Mining Charter... 

Chamber criticised for no-show at Joburg Indaba gala dinner
Photo by Duane Daws
Bernard Swanepoel

Chamber of Mines wage offer favourable – Solidarity

By: Martin Creamer     3rd October 2017 Trade union Solidarity said on Tuesday that it had received a favourable wage offer from the Chamber of Mines, following extensive coal industry pay bargaining.   Mining Weekly Online can report that the wage offer ranges from 5.5% to 7.5% and involves a 7.5% wage increase at the Anglo Coal,... 

Bushveld plans to spin off standalone tin listing

By: Martin Creamer     3rd October 2017 Diversified mineral development company Bushveld Minerals, which has a Southern African portfolio of vanadium, tin, coal, titanium and iron-ore assets, is taking steps to demerge its tin assets into a stand-alone tin listing on the London Aim. The principal tin assets of the Bushveld group are... 

Bushveld plans to spin off standalone tin listing
Photo by Duane Daws
AfriTin nominee CEO Anthony Viljoen

Exxaro, Transnet ink ten-year coal transportation agreement

By: Anine Kilian     3rd October 2017 South African diversified resources company Exxaro Resources has signed a ten-year coal export transportation agreement with State-owned rail utility Transnet, which will increase coal volumes from the Limpopo-based Waterberg region to the Richards Bay Coal Terminal (RBCT), in KwaZulu-Natal,... 

Exxaro, Transnet ink ten-year coal transportation agreement
Exxaro CEO Mxolisi Mgojo and Transnet CEO Siyabonga Gama

Exxaro begins Tronox sell-off

By: Martin Creamer     3rd October 2017 Diversified mining company Exxaro Resources on Tuesday commenced the sell-off of a portion of the shares it holds in US mineral sands mining company Tronox. The JSE-listed Exxaro, headed by CEO Mxolisi Mgojo, is monetising its Tronox stake to focus on its core activities as well as provide... 

Exxaro begins Tronox sell-off
Photo by Duane Daws
Exxaro Resources CEO Mxolisi Mgojo

McKinsey told Eskom of transparency risk at Trillian Capital

By: Bloomberg     3rd October 2017 Eskom Holdings continued to pay Trillian Capital Partners even after McKinsey & Co warned the South African State power company that it had concerns over transparency at the project development partner. Letters written in March 2016 by McKinsey to Eric Wood, the chief executive officer of... 

In quest to keep coal-fired power station open, Peabody cites progress to find buyer

By: Henry Lazenby     3rd October 2017 US coal producer Peabody Energy has revealed that several potential investors have expressed an interest in buying the Navajo generating station, in northern Arizona. The coal mining company is looking to save the power plant it feeds thermal coal from closure and the process of searching for a... 

Guptas oppose application to freeze R1.75bn coal mine rehab funds – Outa

By: Creamer Media Reporter      2nd October 2017 The Organisation Undoing Tax Abuse (Outa) says the business group owned by the Gupta family is opposing its application to freeze the R1.75-billion mine rehabilitation funds for two of its coal mines. Outa last week succeeded in obtaining an interim order from the Pretoria High Court which... 

Coal of Africa sells Mooiplaats

By: Martin Creamer     2nd October 2017 The sale of the Mooiplaats Colliery is the final step in Coal of Africa’s balance sheet restructuring strategy, setting the course for the company to become a self-sufficient mid-tier coal mining company, CEO David Brown said on Monday. Mooiplaats, which has been on care and maintenance since... 

Coal of Africa sells Mooiplaats
Photo by Duane Daws
Coal of Africa CEO David Brown

Up, up, up. . . Soaring expectations for gas; BC energy ministry mum on oil, coal potential

By: Henry Lazenby     30th September 2017 The British Columbia government on Wednesday shared optimistic prospects for its energy sector, outlining lofty expectations for natural gas exports and the growing renewable energy sector. “The emerging renewable sector is addressing climate action and LNG has the ability to reduce dependency... 

Up, up, up. . . Soaring expectations for gas; BC energy ministry mum on oil, coal potential

Coal’s ‘good times’ expected to extend a couple of years longer

By: Henry Lazenby     30th September 2017 Following the “decade of misery” in the steel markets, these are the “good times” now. How long they will last is debatable, but assuming “business as usual” continues, the global steel industry could see a sustained period of prosperity H&W Worldwide Consulting principal Dr Neil Bristow told an... 

Coal’s ‘good times’ expected to extend a couple of years longer

South Africa’s mining companies return to profitability, but sustainability remains a concern

By: Natasha Odendaal     29th September 2017 Despite wading through what is being dubbed the year of regulatory conflict, South Africa’s mining industry in 2017 has seen a turnaround in financial performance and the first substantial increase in revenue in five years, the latest PwC SA Mine report has shown. Spot price increases for bulk... 

Interest building in attractive tax incentive for mine owners

By: Martin Creamer     29th September 2017 Interest is building in the Section 12J of the Income Tax Act incentive structure introduced by Treasury to promote venture capital investments and stimulate growth and job creation in the South African economy, Mining Weekly Online can report. The aim of Section 12J is to encourage investment... 

Interest building in attractive tax incentive for mine owners
Photo by Jaltech
Possible structure for Section 12J tax incentive

CoAL seeks greater self-sufficiency after transformational FY17

By: Mia Breytenbach     29th September 2017 Following an “extremely positive and transformational year” in which South Africa-focused Coal of Africa Limited (CoAL) achieved significant milestones, such as the settlement of significant liabilities and transitioning into a coal producer with the acquisition of the cash-generative Uitkomst... 

CoAL seeks greater self-sufficiency after transformational FY17
Photo by Duane Daws
David Brown

Hwange Colliery Company records revenue declines, narrows operating loss

By: Ilan Solomons     29th September 2017 Zimbabwe coal mining and exploration company Hwange Colliery Company (HCC) recorded a 23% year-on-year decline in revenue for the six months to end June, it reported on Friday. The company’s revenue stands at $18.8-million, which is substantial decline from the $24.5-million recorded during the... 

Hwange Colliery Company records revenue declines, narrows operating loss

Captive coal production outperforms merchant miners in India

By: Ajoy K Das     29th September 2017 India’s captive miners of coal are outperforming merchant miner Coal India Limited (CIL) in terms of production growth. CIL, which accounts for more than 80% merchant sales, produced 175.88-million tons between April and August 2017, which was down 1.7-million tons on its production a year earlier. 

Canadian coal industry optimistic on rising tide – video 

By: Henry Lazenby     29th September 2017 The number-one issue Canadian coal miners are grappling with is the long timelines and uncertainty that project proponents are dealing with to construct new coal mines. It is the biggest lobby issue on the desk of Coal Association of Canada president Robin Campbell. Watch the attached video as... 

Canadian coal industry optimistic on rising tide – video
Coal Association of Canada president Robin Campbell discusses the opportunities and challenges Canadian coal producers have to deal with as global coal demand grows. Video: Henry Lazenby; Editing: Lionel da Silva. 

Trust and confidence key to advancing S African mining

By: Robyn Wilkinson     29th September 2017 With uncertainty reigning in the South African mining landscape, it is imperative that the private sector maintain a positive approach to transformation, says consulting engineering and scientist firm SRK Consulting partner and principal consultant Andrew van Zyl. 

Trust and confidence key to advancing  S African mining
ANDREW VAN ZYL The mining industry needs to prioritise the rebuilding of reserves, the stimulation of new exploration and the process of consolidation

Stakeholder cohesion crucial to change trajectory of South African mining

By: Robyn Wilkinson     29th September 2017 Chamber of Mines of South Africa (CoM) CEO Roger Baxter will consider the role that the CoM and mining companies can play in increasing investment in South Africa’s mining sector, despite current challenges, by creating an enabling business environment through the building of trust between mining... 

Stakeholder cohesion crucial to change trajectory of South African mining
ROGER BAXTER Key to encouraging cohesion between mining stakeholders is a continued commitment to driving transformation in the industry at all levels

South African mining industry must prepare for future

By: Robyn Wilkinson     29th September 2017 It is critical that the South African mining sector works unceasingly to make government understand the need to remain competitive with global miners through upskilling people so that they are capable of functioning and prospering in a technologically-advanced environment, says Neil Jacobsohn,... 

South African mining industry must prepare for future
BETTER, FASTER Drones are successfully being used in the mining industry to reduce costs and save time through aiding the three-dimensional modelling and the analytics of orebodies

Event catalyst for critical engagement

By: Robyn Wilkinson     29th September 2017 Government, labour and business need to restore mutual trust through transparent and honest engagement, with The Joburg Indaba providing an ideal platform through which to forge a way forward in this endeavour, says mining and industrial services provider Fraser Alexander business development... 

Event catalyst for critical engagement
TAILINGS AT THE FORE The adoption of international best practice guidelines is influencing the design, operation, closure and rehabilitation of mining waste disposal sites in the Southern African Development Community

Time for mining industry to take action

     29th September 2017 In the wake of commodity prices beginning to show signs of recovery in 2016, mining companies globally have taken steps to strengthen their balance sheets, building a platform from which to take decisive action about the future, says multinational professional services provider PwC Africa energy,... 

Time for mining industry to take action
MICHAL KOTZE The mining industry has moved out of danger and some mining companies see the conditions as ripe for value accretive moves, with market differentiation their immediate goal

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close