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Coal News

Glencore sells Australian coal mine to Gupta's GFG Alliance

By: Reuters     2nd January 2018 Glencore has agreed to sell one of two Australian coal mines it put up for sale last year to British industrialist Sanjeev Gupta's GFG Alliance for an undisclosed sum, the two companies said separately on Tuesday. The acquisition follows Gupta's purchase last year of the financially troubled... 

Canyon Coal connects local community to electricity grid

By: Megan van Wyngaardt     21st December 2017 Mid-tier coal mining and exploration group Canyon Coal, which has operations and projects in Mpumalanga and Gauteng, connected families who live next its Phalanndwa colliery in Delmas, to its electricity grid. Phalanndwa GM Alan Mabbett noted the company was “excited” to provide free electricity... 

Canyon Coal connects local community to electricity grid
Photo by Duane Daws
The Phalanndwa colliery

Vale says won't pay bonuses to striking Mozambique mine workers

By: Reuters     19th December 2017 Global miner Vale said on Monday it would not pay bonuses demanded by its workers in what it called an illegal strike at the Moatize coal plant in Mozambique. Workers downed tools on Friday demanding two bonuses including a fourteenth salary and a retention bonus, Vale said. 

Rio recalibrating understanding of Africa, working on Africa strategy 

By: Martin Creamer     19th December 2017 Diversified mining company Rio Tinto is recalibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company, which has the Rössing Uranium Mine in Namibia, Richards Bay Minerals (RBM) in South... 

Rio recalibrating understanding of Africa, working on Africa strategy
Rio Tinto VP Corporate Relations Africa Lawrence Dechambenoit talks to Mining Weekly Online’s Martin Creamer on Rio Tinto’s activities in South Africa and Africa. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel de Silva

Kibo Mining expects imminent signing of PPA

By: Megan van Wyngaardt     18th December 2017 Dual-listed coal-to-power project developer Kibo Mining on Monday said it expected to sign a final power purchase agreement (PPA) with the newly formed Tanzania Ministry for Energy for the Mbeya project in the first quarter of 2018. The company said this followed a “positive” briefing between... 

Corsa Coal rises 23% on strong 2018 production outlook

By: Henry Lazenby     16th December 2017 The TSX-V-listed stock of Corsa Coal rallied as much as 23% on Friday following a company announcement calling for a much stronger metallurgical coal production outlook in 2018 and an overall increase in premium low volatile metallurgical coal sales. “In 2018, Corsa is guiding towards... 

Corsa Coal rises 23% on strong 2018 production outlook

Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury 

By: Schalk Burger     15th December 2017 The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

India faces surge in coal imports over next three months

By: Ajoy K Das     15th December 2017 Indian coal imports is likely to gain further momentum during the next three months, reversing a falling trend seen early in the financial year as more user industries are planning to up inward shipments to feed their fuel-starved captive power plants. Several companies in the chemicals, medium... 

ArcelorMittal says Kazakh coal miners end strike

By: Reuters     15th December 2017 Coal miners at steelmaker ArcelorMittal's Kazakh unit have ended their sit-in and emerged from the mines, the company said on Friday, after offers of a pay rise and the threat of legal action. ArcelorMittal Temirtau, the Central Asian nation's biggest steel mill, said it would continue... 

Mines urged to leverage technology to supercharge human capital development

By: Nadine James     15th December 2017 Mining companies should leverage technology to spur employee development, aiding in the upskilling of staff while enhancing employee and resource management, says information technology services company Wipro Southern Africa. While mines have incrementally implemented technology into their... 

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey 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 competitive, stable and... 

Duterte coal tax will make costly Philippines power even pricier

By: Bloomberg     14th December 2017 Electricity prices in the Philippines, already among the highest in Southeast Asia, will probably rise after President Rodrigo Duterte signs legislation next week boosting taxes on coal, the nation’s main fuel for power plants. Semirara Mining and Power, a power generator that’s also the... 

Biggest Australian business lender to stop new coal mine funding

By: Bloomberg     14th December 2017 National Australia Bank (NAB) pledged to stop funding new thermal coal mine developments and boost lending to renewable energy projects as part of global efforts to tackle climate change. “While we will continue to support our existing customers across the mining and energy sectors, including... 

Paringa starts vertical construction of Poplar Grove preparation plant

By: Megan van Wyngaardt     13th December 2017 Vertical construction of a preparation plant at ASX-listed Paringa Resources’ Poplar Grove coal mine, in the Illinois basin, in Kentucky, has started with completion on track for the third quarter of 2018, the company reported on Wednesday. Initial internal equipment has been delivered, while... 

Prairie ideally positioned to supply Europe steel producers

By: Megan van Wyngaardt     13th December 2017 The outlook for increased coking coal demand from Europe’s steel producers, coupled with reducing European supply is creating a “perfect storm” for ASX-listed Prairie to become the go-to supplier of the critical raw material, its CEO Ben Stoikovich said on Wednesday. In a statement to... 

Prairie ideally positioned to supply Europe steel producers

IDC sues Gupta-linked firms to recover debt

By: Bloomberg     13th December 2017 South Africa’s Industrial Development Corporation (IDC) is suing four companies linked to the politically connected Gupta family after they failed to repay a loan that the state-owned development financier canceled because it suspected illegal activity. The Guptas’ Oakbay Resources and Energy,... 

Macron's climate summit draws pledges to make coal a risky bet

By: Bloomberg     13th December 2017 Some of the world’s biggest investors turned their backs on US President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organised by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanise support for the... 

Macron's climate summit draws pledges to make coal a risky bet

Glencore guiding soaring 2018 earnings

By: Martin Creamer     12th December 2017 Diversified mining and marketing company Glencore sees itself as being best placed for the electric vehicle revolution through its ‘tier 1’ copper, cobalt, nickel, zinc and thermal coal assets. The company said in an investor day update on Tuesday that sustainably low-cost and long-life first... 

Glencore guiding soaring 2018 earnings
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

India’s NLC aborts overseas coal acquisition plans

By: Ajoy K Das     12th December 2017 Indian miner and power utility NLC (formerly Neyveli Lignite Corporation) is seeking a global mine developer and operator to operationalise two of its coal blocks in Odisha. The group is expecting at least 20-million tons a year from these two assets, which have a combined reserve of 550-million... 

QCoal contracts Sedgman to deliver Byerwen mine

By: Megan van Wyngaardt     12th December 2017 Mineral processing company Sedgman has been contracted to carry out engineering, procurement and construction at QCoal Group’s greenfield Byerwen coal mine in central Queensland, as well as the delivery of a coal handling and processing plant. With a combined revenue of almost $100-million, the... 

Queensland Premier vetoes NAIF funding for Carmichael project

By: Mariaan Webb     12th December 2017 Queensland Premier Annastacia Palaszczuk has followed through on her election promise to exercise the state’s veto over funding from the North Australian Infrastructure Facility (NAIF) for a rail link associated with the Carmichael coal mine. Palaszczuk, whose government was sworn in on... 

Queensland Premier vetoes NAIF funding for Carmichael project

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

DA consulting lawyers on legality of energy blueprint

By: African News Agency      11th December 2017 The Democratic Alliance said on Monday it was taking legal advice on the approval of government’s new Integrated Resource Plan (IRP), which envisions nuclear procurement. Democratic Alliance energy spokesperson, Gavin Davis, said the apparently rushed approval of the policy blueprint with no... 

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Coal India faces fresh wage bill hike

By: Ajoy K Das     11th December 2017 Close on heels of finalising salaries and wage increases for employees and workers on its payroll, Coal India Limited (CIL) will face another jump in its wage bill as the miner starts negotiating wage agreements for its 200 000 to 300 000 contract workers. A high-power committee has been... 

Resgen signs coal offtake agreement with Noble

By: Dylan Slater     11th December 2017 Coal miner Resource Generation’s (Resgen’s) Ledjadja Coal Limited (LCL) subsidiary has signed an offtake agreement with energy products company Noble Resources International for the supply of additional uncontracted coal to be produced at the Boikarabelo mine, in South Africa’s Waterberg region 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
Mining Weekly Online’s Martin Creamer interviews Johann de Bruin, the founding director of the new project engineering company Erudite. Video: Nicholas Boyd. Video Editing: Nicholas Boyd and Lionel da Silva.

Shareholders approve Coal of Africa name change to MC Mining

By: Dylan Slater     8th December 2017 South Africa-focused coal exploration, development and mining company Coal of Africa (CoAL) has received shareholder approval for its intended name change to MC Mining following the company’s annual general meeting in November 

India seeks globally accepted regulations, tax

By: Ajoy K Das     8th December 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

India seeks globally accepted regulations, tax
Photo by Bloomberg
SUPPLY LINKAGES India’s Steel Ministry has backed the adoption of long-term supply linkages between mines and steel producers

South Africa urged to go back to basics to avoid mining’s demise

By: Mia Breytenbach     8th December 2017 For South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa. These... 

South Africa urged to go back to basics to avoid mining’s demise
PROFESSOR FRED CAWOOD South Africa should embrace mining

Mining will only ‘move forward’ if there is a change of guard at Mineral Resources – lawyer

By: Mia Breytenbach     8th December 2017 The mining industry cannot move forward until new leadership is established within the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who suggests that such a change could re-establish “some degree of optimism and trust in the mining... 

Mining will only ‘move forward’ if there is a change of guard  at Mineral Resources – lawyer
NEW HORIZONS South African mining companies are exploring other African jurisdictions for mining investment

No further IRP consultations as Cabinet approves plan and 27 renewables projects 

By: Terence Creamer     7th December 2017 Energy Minister David Mahlobo reported on Thursday that Cabinet approved an updated Integrated Resource Plan (IRP) for electricity during a marathon 12-hour meeting on Wednesday and that the new plan would be published without any further public consultation. Briefing the media at an ‘Energy... 

No further IRP consultations as Cabinet approves plan and 27 renewables projects
Energy Minister David Mahlobo

Mining production sees 5.2% increase in October

By: Anine Kilian     7th December 2017 Mining production increased by 5.2% year-on-year in October 2017, according to the most recent findings from Statistics south Africa. The largest positive contributors were iron-ore, which contributed 2.4 percentage points and coal, which contributed 1.5 percentage points. 

Billionaire's mine financing hurdles fuel bondholder jitters

By: Bloomberg     7th December 2017 The Indian conglomerate Adani Enterprises is learning how one financing problem can lead to headaches for debt investors elsewhere as it tries to secure money for one of the world’s biggest coal mines. Three of China’s largest banks this week ruled out any involvement in financing the mine in... 

Kganyago concerned another big power tariff hike will trigger grid defections

By: Terence Creamer     6th December 2017 South African Reserve Bank governor Lesetja Kganyago has added his voice to a growing chorus of concern that South African businesses, and even high-income households, could defect from the electricity grid in numbers should Eskom prevail in its bid for a 19.9% tariff increase from April 1, 2018.... 

Kganyago concerned another big power tariff hike will trigger grid defections
South African Reserve Bank governor Lesetja Kganyago

Sasol Mining’s acquisition of Anglo Inyosi Coal’s mining rights approved

By: Creamer Media Reporter      6th December 2017 Sasol Mining has been granted approval by the Competition Tribunal to acquire with Anglo American Inyosi Coal’s mining rights over a coal resource in Mpumalanga. The approval was given to Sasol Mining Holdings and Ixia Coal, its black economic empowerment partner. 

Intermin reaffirms guidance as first ore is hauled from Teal Stage 2

By: Dylan Slater     6th December 2017 Western Australia-focused gold mining company Intermin Resources has started hauling the first ore from Stage 2 operations at its Teal gold mine, north-west of Kalgoorlie-Boulder, to a nearby processing plant, the ASX-listed company reported on Wednesday 

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