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Coal News

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Record Qld exports driven by coal and LNG

By: Esmarie Iannucci     5th July 2018 Queensland’s exports have risen to a record A$73.8-billion in the year to May, with coal and liquefied natural gas (LNG) exports driving the growth. Coal exports reached A$32.8-billion in the year to May, which was up more than A$5-billion on the previous year, reflecting the improvement in... 

Imaloto IPP in Madagascar progressed well during second quarter

By: Marleny Arnoldi     4th July 2018 The granting of a 30-year concession agreement during the second quarter of this year was a critical milestone for the Imaloto coal-fired independent power project (IPP), in Madagascar, aligning its development with that of the government’s broader plans, Bushveld Minerals CEO Fortune Mojapelo... 

Imaloto IPP in Madagascar progressed well during second quarter
Bushveld Minerals CEO Fortune Mojapelo

Hwange of Zimbabwe coal output to surge on underground mining

By: Bloomberg     2nd July 2018 Hwange Colliery Co expects to boost underground coal production five-fold this month when it restarts operations after a two-year hiatus, a company official said. The resumption will help the loss-making company tap more lucrative deposits of coking coal, used to make steel, as it seeks to... 

Yancoal applies for Hong Kong listing

By: Esmarie Iannucci     2nd July 2018 Coal miner Yancoal has applied for dual listing on the Hong Kong Stock Exchange to increase share liquidity and to diversify its investor base. Yancoal on Monday said that it would maintain its listing on the ASX flowing the Hong Kong Listing, with shares to be traded on both bourse.  

Kibo reaches final PPA discussion phase for MCPP

By: Simone Liedtke     29th June 2018 Aim- and AltX-listed Kibo Mining has reached the final phase of discussions with the Tanzania Electric Supply company (Tanesco) regarding the power purchase agreement (PPA) for its Mbeya coal-to-power project (MCPP). Kibo on Friday resubmitted a reformatted integrated bankable feasibility study... 

Mongolian Parliament OKs plan to sell 30% of Tavan Tolgoi mine

By: Bloomberg     29th June 2018 Mongolian lawmakers approved a plan to sell up to 30% of the troubled Tavan Tolgoi coal mine in the Gobi desert, the latest attempt to develop what’s anticipated to be massive coking and thermal coal deposits. The north Asian country’s Parliament on Friday voted in favor of an initial public... 

Radebe says labour cannot be 'left behind' in energy transition 

By: Terence Creamer     29th June 2018 Energy Minister Jeff Radebe urged business to support government in ensuring that South Africa’s energy transition is a “just” one for labour, especially those operating in the coal-mining sector. In an engagement on Friday with business leaders in Johannesburg, following a meeting of the energy... 

Radebe says labour cannot be 'left behind' in energy transition
Photo by Dylan Slater
Energy Minister Jeff Radebe

Bathurst signs up for Jameson's Canadian coal project

By: Esmarie Iannucci     29th June 2018 ASX-listed junior Jameson Resources has reached an agreement with fellow listed coal miner Bathurst Resources to fund the development of the Crown Mountain coking coal project, in Canada. Bathurst will provide an initial C$4-million investment into Jameson’s Canadian subsidiary NWP Coal Canada,... 

Thiess wins A$480m contract for QCoal

By: Esmarie Iannucci     29th June 2018 ASX-listed Cimic’s mining services provider Thiess, has been awarded a A$480-million contract from QCoal to continue operations at the QCoal Northern Hub, in Queensland. The four-year contract will see Thiess continue to provide mining services at the hub, which includes the Sonoma North, Drake... 

Exxaro commits to leading SA coal sector to ‘a new way of working’

By: Nadine James     29th June 2018 Worsening pollution crises and global warming have brought the world’s critical dependence on fossil fuels into the spotlight and the need for more sustainable and renewable energy solutions has become increasingly urgent, notes coal miner Exxaro, which has recommitted to being part of the... 

Wescoal sells Intibane collieries

By: Simone Liedtke     28th June 2018 Coal miner Wescoal has entered into sale agreements with Tokata Resources and Banjosign to dispose of its Intibane 1 and Intibane 2 collieries, in Mpumalanga. The disposal will become effective on or about July 1. 

Exxaro expects H1 thermal coal output to rise 1%

By: Reuters     28th June 2018 Exxaro Resources Ltd expects coal production for the half year to June 30 to increase by 1.7% to 23.52-million tonnes, the South African coal miner said on Thursday. It expects thermal coal output to rise by 1% to 22.307-million tonnes and metallurgical coal to increase by 12% compared with the... 

Coal miner, community set to meet in public debate to discuss Yzermyn underground coal mine

By: Simone Liedtke     28th June 2018 India-owned mining company Atha Africa Ventures is set to engage in a public debate with the community to discuss the potential impacts and remediation of a proposed coal mine near Wakkerstroom, in Mpumalanga, on Friday, June 29. This open forum community-oriented debate will allow all parties,... 

Coal miner, community set to meet in public debate to discuss Yzermyn underground coal mine

Kibo, Termoeléctrica finalise Benga JV in Mozambique

By: Marleny Arnoldi     28th June 2018 Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW... 

Universal beats FY18 expectations

By: Esmarie Iannucci     28th June 2018 South Africa focused coal producer Universal Coal on Thursday told shareholders that attributable earnings before interest, tax, depreciation and amortization (EBITDA) was 28% higher for the 2018 financial year, compared with the previous half year guidance. Group EBITDA for 2018 is expected to... 

Transnet prepares for annual coal line shutdown

By: Anine Kilian     27th June 2018 Plans are at an advanced stage for State-owned Transnet Freight Rail to embark on its annual shutdown of the coal export line, which is scheduled to take place from July 2 to 11. “The shutdown is an annual exercise carried out around this time to ensure that the company tackles its maintenance... 

India’s SCCL to get new coal blocks, foray into new business verticals

By: Ajoy K Das     26th June 2018 Government miner Singareni Collieries Company Limited (SCCL) has adopted a twin-pronged expansion strategy to take its coal mining operations beyond its present southern Indian geographical boundaries and at the same time add new business verticals of ‘manufactured sand’ production and solar... 

Wescoal doubles mining volumes for second consecutive year, reports 311% HEPS increase

By: Marleny Arnoldi     26th June 2018 JSE-listed coal miner Wescoal delivered strong results for the financial year ended March 31.  

Wescoal doubles mining volumes for second consecutive year, reports 311% HEPS increase
Wescoal CEO Waheed Sulaiman

MC Mining secures R20m banking facility for Uitkomst Colliery

By: Marleny Arnoldi     26th June 2018 Coal developer MC Mining has secured a R20-million general banking facility from Rand Merchant Bank for its 70%-owned subsidiary Uitkomst Colliery, in KwaZulu-Natal.  

Coal miners wade into Aurizon battle

By: Esmarie Iannucci     26th June 2018 Ten coal producers, including AngloAmerican, Glencore, Peabody, Yancoal and the BHP Mitsubishi alliance have applied to join the judicial review application started by freight operator Aurizon against the Queensland Competition Authority (QCA) in the Supreme Court of Queensland. Aurizon In April... 

Jindal Steel South Africa units file for business protection

By: Bloomberg     26th June 2018 South African units of Jindal Steel & Power filed for a local form of bankruptcy protection known as business rescue this month. Jindal Mining SA, Jindal Africa Investments and Eastern Solid Fuels filed notice of the voluntary proceedings on June 12, according to documents posted on Jindal... 

Glencore bets big on South Africa as Ramaphosa promises revival

By: Bloomberg     26th June 2018 Glencore has set its ambitions on expanding in South Africa, the homeland of its chief Ivan Glasenberg. As the company’s former business partner and new President Cyril Ramaphosa promises an economic recovery, Glencore is reaping profits from coal and chrome assets as prices rise. The company... 

Glencore bets big on South Africa as Ramaphosa promises revival
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Edenville, Sinohydro extend MoU to December 2019

By: Marleny Arnoldi     25th June 2018 Energy commodity developer Edenville Energy has extended the validity of its memorandum of understanding (MoU) with hydropower engineering company Sinohydro Corporation of China, over the Rukwa coal project, in south-west Tanzania, to December 2019.  

African Rainbow Minerals, Glencore agree to restructure coal debt

By: Marleny Arnoldi     25th June 2018 Diversified miner African Rainbow Minerals (ARM) on Monday announced that R3.98-billion of debt owed by ARM and its subsidiary ARM Coal to diversified miner Glencore Holdings subsidiary Glencore Operations South Africa (Gosa) as at June 30, 2017, has been restructured on an ARM attributable basis.  

Kibo proposes name change as it intensifies focus on energy projects

By: Anine Kilian     25th June 2018 Dual-listed Kibo Mining is seeking shareholder approval to change the name of the company to Kibo Energy. The company said in a statement on Monday that the proposed name change was part of a number of resolutions that would be put forward at its annual general meeting, taking place on July 1. 

CITU raises first red flag on Coal India disinvestment

By: Ajoy K Das     25th June 2018 The Centre for Indian Trade Unions (CITU), the labour arm of Communist Part of India (Marxists), is first off the block in raising opposition to tentative plans for disinvestment of government equity holding in Coal India Limited (CIL). After failing to get any bidders for national air carrier... 

Minerals Council said to plan free-carry challenge

By: Bloomberg     25th June 2018 South Africa’s main mining lobby group told analysts and mining companies that it would probably challenge a final draft of the government’s new Mining Charter if two key points of dispute aren’t removed, according to two people familiar with the matter. The Minerals Council South Africa, which... 

Minerals Council said to plan free-carry challenge
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Financing of ZTK transmission line to benefit Rukwa project – Edenville

By: Anine Kilian     22nd June 2018 Aim-listed Edenville Energy believes the approval by the World Bank of $455-million in funding for the development of the Zambia–Tanzania–Kenya (ZTK) power transmission line, will benefit its Rukwa project.  The funding will allow for the construction of high-voltage power infrastructure, which... 

Kibo sells nickel subsidiary to Katoro as it focuses on energy sector

By: Marleny Arnoldi     22nd June 2018 Aim-listed Kibo Mining has sold its Kibo Nickel subsidiary to Aim-listed Katoro Gold for 15.34-million shares valued at about £200 000.  

Wescoal expects up to 320% increase in FY18 headline earnings a share

By: Marleny Arnoldi     22nd June 2018 Coal miner Wescoal expects to report headline earnings a share of between 45.5c and 47.5c for the financial year ended March 31, which is an increase of between 303% and 320% on the 11.3c reported for the prior financial year  

Support to ensure optimal performance

22nd June 2018 With mining operations remaining under pressure to optimise plants, original-equipment manufacturers (OEMs) and suppliers must be more dynamic and focused in terms of their overall market offering, says minerals beneficiation technology supplier MBE Minerals SA MD Johannes Kottmann. He says that... 

Support to ensure  optimal performance
THOROUGH MAINTENANCE MBE Minerals is capable of undertaking ongoing equipment condition monitoring, maintenance and service support

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China continues to encourage foreign mining investment

Indonesia may finalise new mining law by month-end

By: Nadine James     22nd June 2018 News of a new Indonesian mining law first emerged in 2016, and the draft legislation has been revised several times since, US-based international law firm Bryan Cave Leighton Paisner partner and foreign legal consultant Marius Toime noted in a legal opinion last month. Some of the country’s major... 

Kibo completes maiden Samrec-compliant resource for Mabesekwa

By: Anine Kilian     21st June 2018 Aim-listed Kibo Mining on Thursday reported a maiden South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves-compliant resource of 302.9-million tonnes at its 85%-owned Mabesekwa Coal Independent Power Project (MCIPP), in Botswana. Feasibility studies... 

Brand new equipment takes centre stage at coal terminal

By: Martin Creamer     21st June 2018 The first phase of the equipment replacement project reached full swing at the Richards Bay Coal Terminal (RBCT) on Thursday when R1.34-billion worth of brand new stacker reclaimers and shiploaders went into official action, holding out the prospect of improved turnaround times for coal... 

Brand new equipment takes centre stage at coal terminal
Photo by Martin Creamer
The official launch of a new machine at the Richards Bay Coal Terminal

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector
Rio-Carb MD Martin Maine

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