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Coal News

Gaps in measures against mineral resource misreporting

By: Nadine James     16th March 2018 Addressing delegates at a seminar at SRK’s Johannesburg office last month, corporate consultant and SRK Australia chairman Mark Noppe advised that there are still surprisingly large gaps in the assurance systems that companies use to protect against inaccuracy of reporting mineral resources and... 

Association focuses on clean coal technologies

By: Donald Makhafola     16th March 2018 While the development of clean coal energy is an imperative amid climate change, the worthwhile gains are more in the downstream use of coal than in the mining and beneficiation of raw coal, says South African coal mine research association Coaltech CEO Henk Lodewijks. He tells Mining Weekly that... 

Association focuses on clean coal technologies
Photo by Bloomberg
SEQUESTRATING METHANE Coaltech is looking for methods to remove methane from coal during production before it reaches the atmosphere

Coal remains a main source of energy in Africa

By: Donald Makhafola     16th March 2018 Coal will maintain its status as a robust, baseload energy source for the foreseeable future in Africa,  says South Africa-based diversified resources company Exxaro coal operations executive head Dr Nombasa Tsengwa, who tells Mining Weekly that coal is cheap and that more than 1 600 coal-fired... 

Coal remains a main source  of energy in Africa
Photo by Creamer Media
ENERGY SOLUTION Exxaro has projects in the pipeline over the next five years

Colenso power project set for construction in 2019

By: Donald Makhafola     16th March 2018 The development of the greenfield Colenso anthracite coal mining project, in KwaZulu-Natal - primarily earmarked to supply the coal-fired Colenso power station currently in the planning phase - is expected to start next year at an estimated cost of R410-million, says coal mining and independent... 

Colenso power project set  for construction in 2019
Photo by Creamer Media
POWER SUPPLY The Colenso power station will provide baseload power to stabilise the national power grid

Canyon Coal hones in on SA coal projects

By: Donald Makhafola     16th March 2018 South African coal exploration and mining company Canyon Coal says five new opencast and two new underground projects are at an advanced planning stage as part of the company's vision to achieve coal output of 10-million tons a year and so become a midtier coal miner by 2019. "We are also very... 

Canyon Coal hones in on SA coal projects
Photo by Creamer Media
PROJECTS IN THE PIPELINE Canyon Coal is planning five opencast and two new underground projects

S Africa’s coal mining set for growth

By: Donald Makhafola     16th March 2018 Coal mining and mining in general have received a boost in confidence following the inauguration of South African President Cyril Ramaphosa who has committed to transforming mining from "a sunset to a sunrise industry". This is likely to solve policy uncertainty and lure investors, says... 

S Africa’s coal mining  set for growth
Photo by Creamer Media
SUNRISE INDUSTRY South Africa is regarded as a source of a good-quality coal by European countries

Zimbabwe's coal output set to quadruple as investors arrive

By: Reuters     15th March 2018 Zimbabwe has attracted around $300-million in its coal industry that will quadruple production next year versus 2017, its Mining Minister told an investment conference in London on Thursday. The country, which says its abundant mineral resources include more than 40 exploitable minerals, is... 

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Resources Watch  

15th March 2018 This week: Exxaro negotiating new business opportunities beyond mining German ruling likely blessing in disguise for platinum And, Implats harvests loss shafts, mulls more investment in profitable shafts 

Resources Watch
Exxaro negotiating new business opportunities beyond mining German ruling likely blessing in disguise for platinum And, Implats harvests loss shafts, mulls more investment in profitable shafts

Energy researchers applaud carbon tax, but call for simplified design

By: Terence Creamer     15th March 2018 The University of Cape Town’s Energy Research Centre (ERC) has welcomed the decision of the South African government to end “years of deferral” by setting a clear date, January 1, 2019, for the implementation of a carbon tax. The ERC believes a carbon tax is in South Africa’s national interest... 

Energy researchers applaud carbon tax, but call for simplified design
ERC’s Professor Harald Winkler

Poplar Grove delayed by four weeks

By: Esmarie Swanepoel     15th March 2018 The construction of the Poplar Grove coal mine, in the Illinois basin, Kentucky, has been delayed by four weeks, owing to severe weather conditions. Project developer Paringa Resources said on Thursday that unseasonably heavy rains had resulted in some of the worst flooding in 20 years in the... 

Vele impairment sees MC Mining widen H1 loss

By: Esmarie Swanepoel     15th March 2018 South Africa-focused coal miner MC Mining has widened its after-tax loss from $12.9-million in the six months ended December 2016, to $97.3-million in the same period of 2017. The loss includes a cost of sales of $14.36-million, and an impairment of $87.5-million on the Vele coking and thermal... 

Vele impairment sees MC Mining widen H1 loss
MC Mining CEO David Brown

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

By: Terence Creamer     14th March 2018 The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the... 

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

Innovation, digitalisation taking center stage  

14th March 2018 It’s interesting times ahead for innovation with mining company Exxaro Resources allocating R900-million to innovation initiatives while JSE-listed ELB Engineering Services believes it can push South Africa into the Fourth Industrial Revolution. Mining Weekly editor Martin Creamer has the story. 

Innovation, digitalisation taking center stage
Innovation, digitalisation taking center stage

Anglo says cleaning up mining will earn it billions in profit

By: Bloomberg     14th March 2018 Mining is a dirty business, but Anglo American CEO Mark Cutifani says it doesn’t have to be. The miner of everything from copper to diamonds to iron ore is overhauling its sustainability targets, and predicts it can earn an extra $9-billion through 2030 by improving the way it mines and boosting... 

Anglo says cleaning up mining will earn it billions in profit
Photo by Creamer Media
Anglo American CEO Mark Cutifani

India’s Power Ministry seeks higher railway rakes count to avoid coal shortages

By: Ajoy K Das     13th March 2018 With power demand poised to peak during the summer months and coal shortages at thermal power plant looming large, the Power Ministry is seeking a sharp rise in the availability of rakes for coal transportation from government-owned and -operated Indian Railways. In the course of meetings between... 

Russian coal miner SUEK raises $1bn syndicated loan – Interfax

By: Reuters     13th March 2018 Russian coal miner SUEK said on Tuesday it raised a $1-billion syndicated loan, Interfax reported citing a company statement. "The loan with a five-year maturity date is secured by the group's export earnings," it said. 

Legal challenge a hurdle, but 'not end of the road' for renewables

By: Terence Creamer     13th March 2018 The excitement associated with Energy Minister Jeff Radebe’s move to end two years of confidence-sapping uncertainty in South Africa’s independent power producer (IPP) market, turned to frustration on Tuesday when the signing of agreements for 27 renewable-energy projects was voluntarily delayed... 

Legal challenge a hurdle, but 'not end of the road' for renewables
Energy Minister Jeff Radebe

Polish JSW beats forecasts with 2017 profit, but suspends dividend

By: Reuters     13th March 2018 JSW, the European Union's biggest coking coal producer, said on Monday its 2017 net profit jumped to 2.54-billion zlotys ($745.31-million) from 6.7-million zlotys a year earlier, driven by a 65% rise in the average coking coal price. Analysts polled by Reuters had expected state-run JSW to... 

South African court grants union interdict blocking renewable energy deal

By: African News Agency      13th March 2018 The National Union of Metalworkers of South Africa said it had obtained an urgent court interdict preventing power utility Eskom from signing renewable energy contracts on Tuesday with 27 independent power producers (IPPs). The move will be a blow for independent producers who say the deals would... 

South African court grants union interdict blocking renewable energy deal

Canada's Trudeau tells metal workers: 'We have your backs'

By: Reuters     13th March 2018 Canadian Prime Minister Justin Trudeau promised aluminium and steelworkers on Monday he would defend them against possible US tariffs and called US President Donald Trump to stress that "mutually beneficial" cross-border supply chains should be preserved. Trump said last week he would impose... 

Canada's Trudeau tells metal workers: 'We have your backs'

Optimum should have gone into business rescue months ago – Hogan Lovells

By: Anine Kilian     12th March 2018 The public announcement of the Gupta-owned Optimum coal mine going into business rescue has caused much uncertainty for employees and residents living in mine-owned properties are anxious about the implications of this process for their futures. In an interview, Hogan Lovells partner Gareth... 

Coal miner Exxaro declares innovation an imperative 

By: Martin Creamer     12th March 2018 Coal mining company Exxaro Resources, which sees modernisation and innovation as imperatives, will this year announce new partnerships to ensure that it remains sustainably competitive going into the future. The Johannesburg Stock Exchange-listed black-led company, which has already met... 

Coal miner Exxaro declares innovation an imperative
Exxaro Resources CEO Mxolisi Mgojo talks to Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

NUM calls for removal of Optimum business rescue practitioners

By: Megan van Wyngaardt     12th March 2018 The National Union of Mineworkers (NUM) has called for the removal of business rescue practitioners (BRPs) at the Optimum coal mine, as it claims that their appointment was unlawful. The NUM has approached Kruger & Co Attorneys to represent it and its 500 members at the mine to set aside the... 

Teck Resources lowers Q1 met coal sales guidance

By: Anine Kilian     12th March 2018 Canadian metals and mining company Teck Resources has lowered its metallurgical coal sales guidance for the first quarter of this year to six-million tonnes. It had previously expected coal sales to be between 6.3-million and 6.5-million tonnes. 

Rio Tinto's last two coal mines set to attract bids over $2.5bn

By: Reuters     9th March 2018 At least three bidders are expected to submit final offers for global miner Rio Tinto's Hail Creek and Kestrel coal mines in Australia, which could fetch up to $2.5-billion, people familiar with the process said. The Anglo-Australian mining company made a strategic decision in 2017 to exit coal... 

Oracle receives Sichuan backing for coal-to-power project

By: Megan van Wyngaardt     9th March 2018 The Sichuan Provincial Investment Group (SCIG) has formally approved to proceed with UK energy developer Oracle Power’s combined lignite coal mine and mine-mouth power plant project, located in Block VI of the Thar desert in the south-east of the Sindh province of Pakistan. The approval for the... 

Corsa to focus on met coal as it exits thermal coal market

By: Nadine James     9th March 2018 TSX-V-listed Corsa Coal is selling its thermal and industrial coal division Central Appalachia (CAPP) to a buyer group led by CAPP's current management team.  "The sale of our CAPP division will allow us to dedicate all of our corporate resources to the metallurgical (met) coal market where we... 

Coal miner in China's Shanxi aims to boost 2018 coalbed gas output by 25%

By: Reuters     9th March 2018 Shanxi province's state-run coal mining business plans to increase coalbed methane (CBM) output by a quarter this year, an official told Reuters on Friday, as China's second-largest coal-producing region looks to boost clean fuel output. That comes in the wake of a push by Beijing to crack down... 

Roads agency intensifies mining-sector engagement

By: Nadine James     9th March 2018 Following its successful participation at the 2018 Investing in African Mining Indaba, the Roads Agency Limpopo (RAL) hosted a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality last month at Lapeng Guest Lodge in Burgersfort, Limpopo.... 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

9th March 2018 Anglo American South Africa deputy chairperson Norman Mbazima argues that a revitalisation of South Africa’s rail and port networks will be key to ensuring a recovery in mining investment. Speaking at the Investing in African Mining Indaba, he lamented that he had not seen any significant rail... 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

BASF opens new lab in Joburg

By: Nadine James     9th March 2018 Specialised chemicals company BASF Mining Solutions South Africa, last month opened its new agglomeration laboratory, based at research organization Mintek’s premises, co-located with BASF Mining Solutions’ existing sample preparation and solid-liquid separation laboratory. Following the... 

BASF opens new lab  in Joburg
NATURAL PROGRESSION The agglomeration lab was a natural progression for the company, which has been exploring means of enhancing recoveries for the last five years

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Exxaro negotiating new business opportunities beyond mining
Exxaro Resources CEO Mxolisi Mgojo’s presentation of 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer

Lawmakers urge mines ministry to be vigilant on Gupta-owned mines

By: Reuters     8th March 2018 The Portfolio Committee on Mineral Resources on Thursday called on the Department of Mineral Resources (DMR) to be vigilant of the mines owned by Tegeta Exploration and Resources in order to prevent a situation that occurred at Aurora Empowerment Systems seven years ago. At Aurora, directors... 

Resgen making slower-than-expected progress in securing Boikarabelo funding

By: Megan van Wyngaardt     8th March 2018 Dual-listed Resource Generation (Resgen) on Thursday said it continued to make progress on its funding plans for the Boikarabelo coal mine, in the Waterberg, but conceded that this was taking longer than anticipated. “In particular, numerous hurdles have been cleared with the various proposed... 

Anglo American renews shipping contract with Vuka Marine

By: Megan van Wyngaardt     8th March 2018 Global miner Anglo American has renewed its various full-time ocean freight contracts with local maritime company Vuka Marine. Under these freight contracts, Anglo American will transport bulk iron-ore and coal products, primarily from the Saldanha Bay port to its customers around the world. 

Anglo American renews shipping contract with Vuka Marine

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