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Coal News

Buffalo reports mixed Q1 performance

By: Simone Liedtke     17th May 2018 Buffalo Coal’s run-of-mine (RoM) production for the quarter ended March 31 decreased by 26% year-on-year and by 9% quarter-on-quarter, as a result of lower output at the Magdalena mine, offset by marginally improved production at the Aviemore mine. Aviemore’s RoM production increased by 17%... 

India keen to do business with Africa’s energy sector

By: Kim Cloete     17th May 2018 Representatives from more than 45 Indian companies have been in Cape Town for the African Utility Week, with the hope of cracking deals in everything from the supply of galvanised wire to solar inverters and water generators.  Indian Chamber of Commerce director general and CEO Rajeev Singh... 

Trump said to mull 2015 grid emergency law to save coal plants

By: Bloomberg     16th May 2018 The Trump administration is weighing a broad array of strategies for keeping coal and nuclear power plants online as a matter of national security, with options ranging from invoking a 68-year-old law to a three-year-old one, according to a senior Energy Department official. Members of the... 

Trump said to mull 2015 grid emergency law to save coal plants

Nuclear industry urged to address business case

By: Rebecca Campbell     16th May 2018 Decisions on the future energy mix for South Africa need to be forward looking, not backward looking. So affirmed EE Publishers MD Chris Yelland in his keynote address to the National Nuclear Regulator's second Nuclear Regulatory Information Conference on Wednesday. "Nuclear power in South Africa... 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Last missing Polish miner found dead – JSW

By: Reuters     16th May 2018 Rescuers searching for Polish miners trapped almost a kilometre underground since a tunnel collapsed 11 days ago have found the body of the last missing man, taking to five the death toll in the incident, coal company JSW said on Wednesday. The Zofiowka mine in southern Poland was hit by an... 

Aurizon warns miners of train cuts

By: Esmarie Swanepoel     16th May 2018 Freight operator Aurizon has reportedly advised Queensland coal companies that it would ‘dramatically cut’ train movements on the Goonyella system of the Central Queensland Coal Network (CQCN). The Goonyella system connects several of Queensland’s largest metallurgical coal suppliers to the port... 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation

By: Marleny Arnoldi     15th May 2018 The Department of Mineral Resources (DMR) will make policy and legislation one of its key priorities this year and has committed to finalising the Mining Charter in June, Minister Gwede Mantashe said on Tuesday. Mantashe, who tabled the DMR’s Budget Vote in Parliament, listed the department’s... 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Eskom says it intends to play a bigger role in Africa

By: Kim Cloete     15th May 2018 Eskom interim CEO Phakamani Hadebe says the utility is keen to expand its services into other African countries.  “We have made a decision that our ambition is to play a bigger role on the continent,” he told the opening plenary of African Utility Week, in Cape Town, on Tuesday. 

Sinosteel to invest $1bn in Zimbabwe, lift ferrochrome output

By: Reuters     15th May 2018 China's Sinosteel Corporation has agreed to invest $1-billion in Zimbabwe to build a power plant and increase ferrochrome output, the Southern African country's President Emmerson Mnangagwa said on Monday. Sinosteel president Andong Liu said the Chinese firm planned to build three additional... 

T2 increases offer for Realm Resources

By: Esmarie Swanepoel     15th May 2018 Suitor T2 Resources Fund has increased its takeover offer for ASX-listed Realm Resources from 90c a share to A$1 a share in cash. T2 said on Tuesday that the 11% a share increase amounted to a A$25.3-million increase in the offer price for Realm, which was now valued at A$253-million. 

Eskom wants 3% on top of any tariff hike for three years to claw back R66bn-plus 

By: Terence Creamer     14th May 2018 State-owned electricity utility Eskom has proposed a five-year phasing-in period to recoup R66-billion-plus in cost and revenue variances contained in three separate Regulatory Clearing Account (RCA) applications. The applications are being adjudicated simultaneously by the National Energy... 

Eskom wants 3% on top of any tariff hike for three years to claw back R66bn-plus
Photo by Dylan Slater
Eskom acting CFO Calib Cassim

Two of three missing Polish miners found dead - JSW

By: Reuters     14th May 2018 Rescuers searching for three Polish miners trapped almost a kilometre underground since a tunnel collapsed eight days ago have found two bodies, taking the death toll from the incident to four, coal company JSW said on Sunday. One man is still missing at the Zofiowka mine in southern Poland,... 

Large power users urge Nersa to hold Eskom accountable for inefficiencies 

By: Terence Creamer     11th May 2018 The Energy Intensive Users Group of Southern Africa (EIUG) has argued that any cost-recovery granted to Eskom in relation to three Regulatory Clearing Account (RCA) applications currently under review by the regulator be capped at R40.5-billion. However, it also urged the National Energy... 

Large power users urge Nersa to hold Eskom accountable for inefficiencies
Photo by Dylan Slater
The Eskom team presenting at the Nersa hearings in Soweto on Friday

India's thermal coal imports rise over 15% in Q1 – trader

By: Reuters     11th May 2018 India's thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources. India's rising coal imports are... 

Legal fight, delays force Adani writedowns on Carmichael Coal

By: Bloomberg     11th May 2018 Indian conglomerate Adani Enterprises Ltd. has taken a 896.4-million rupees ($13.3-million) writedown on its Carmichael coal mine in Australia’s Queensland state due to delays and legal challenges. The impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended... 

Brisbane court fines Linc Energy A$4.5m for environmental offences

By: Esmarie Swanepoel     11th May 2018 The now defunct Linc Energy has been fined A$4.5-million for environmental offences in Queensland, relating to toxic gas leakages from its underground coal gasification operations between 2007 and 2013. Linc Energy, which is now in liquidation, was found guilty of five counts of willfully and... 

No casualties in fire at Russia's Raspadskaya coal mine, Evraz says

By: Reuters     11th May 2018 No miners were hurt in a fire that broke out on Thursday at Russia's Raspadskaya coal mine, steelmaker Evraz said. Evraz, which controls Raspadskaya, said all miners had been evacuated and that the blaze is thought to have started in the mine's technical equipment. 

Exploration company claims Botswana coal mines to become preferred supplier

11th May 2018 Botswana is set to play a more significant role in both the domestic and African coal industries, says coal exploration and emerging coal mining company Minergy, claiming that the company is ideally placed to become the preferred supplier to coal consumers across Southern Africa. The company... 

Exploration company claims Botswana coal mines to  become preferred supplier
Photo by Creamer Media
STEPPING UP Botswana coal mines could become one of the main suppliers in Southern Africa

Autonomous mining vehicle test at SA coal mine successfully completed

By: Victor Moolman     11th May 2018 A global truck manufacturer in cooperation with multinational networking systems provider Cisco, has successfully completed a proof of concept (PoC) for autonomous mining trucks at an opencast coal mine in South Africa. Speaking at an In2IT networking event in Sandton, Johannesburg, Cisco... 

Local market welcomes launch of SRK Exploration Services

By: Nadine James     11th May 2018 The local and sub-Saharan African market has responded “very positively” to the establishment of SRK Exploration Services, a discipline-led division of SRK Global, says SRK Exploration Services Southern African exploration manager Oliver Bayley. He explains that the Cardiff-based division... 

Local market welcomes launch  of SRK Exploration Services
HENNIE THEART AND OLIVER BAYLEY The growing ranks of midtier and junior mining companies who lack in-house technical ability has created an untapped market for SRK

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

11th May 2018 The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra. 

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive

By: Terence Creamer     10th May 2018 The long awaited update to South Africa’s Integrated Resource Plan (IRP) will be presented to Cabinet for its approval on August 15, Energy Minister Jeff Radebe confirmed on Thursday, adding that the document would provide much-needed certainty for investors in the electricity sector. The... 

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive
Photo by Dylan Slater
Energy Minister Jeff Radebe

Corsa Coal rallies as sales, revenues jump

By: Henry Lazenby     10th May 2018 TSX-V-listed metallurgical coal miner Corsa Coal has reported an 89% jump in first-quarter coal sales, helping to lift revenues 54% year-on-year, as strong export shipments and price realisations led to improved financial results. The Canonsburg, Pennsylvania-based miner said it sold 557 721 t of... 

Divers to hunt for three Polish miners trapped underground

By: Reuters     9th May 2018 Divers were being sent on Wednesday to try to rescue three Polish miners trapped almost a kilometre underground since an earthquake caused a tunnel to collapse four days ago. "We hope that they are there, waiting for our help," Tomasz Sledz, deputy head of the coal company JSW, told a news... 

Rescuers battle to reach three missing Polish miners

By: Reuters     8th May 2018 Rescuers battled "extremely difficult" conditions on Monday searching for three Polish miners still missing two days after an earthquake, the mine's operator JSW said. The quake struck the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning, trapping seven people almost... 

Court orders business rescue practitioners be allowed back at Gupta-linked firms

By: News24Wire      7th May 2018 An appeal to have business rescue practitioners barred from the office of several Gupta-linked companies has been overturned in the South Gauteng High Court in Johannesburg. Business rescue practitioners Louis Klopper and Robert Knoop were told they were "no longer welcome" by the very... 

Two miners dead, three missing after quake at Polish coal mine

By: Reuters     7th May 2018 Rescue teams have confirmed the death of a second Polish coal miner and are searching for three more trapped nearly a kilometre underground after a quake, the chief executive of the mine owner said. The quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning,... 

Two miners dead, three missing after quake at Polish coal mine

Glencore completes Hunter Valley acquisition

By: Marleny Arnoldi     4th May 2018 Diversified miner Glencore on Friday completed the acquisition of a 49%-interest in the Hunter Valley Operations coal mine in New South Wales.  

Coal miners next to launch lung disease compensation claims

By: Simone Liedtke     4th May 2018 The Southern African Catholic Bishops Conference (SACBC) Justice and Peace Commission and Richard Spoor Attorneys say coal miners are the next in line to seek compensation for occupational lung diseases. "The battle to secure justice for sick miners in South Africa is not over. We are working... 

Coal miners next to launch lung disease compensation claims

Ncondezi raises £950 000

By: Simone Liedtke     4th May 2018 Aim-listed Ncondezi Energy has raised £950 000, before expenses, through a conditional placing of 15.2-million ordinary shares at a price of 6.25p apiece. The company will use the funds to strengthen its balance sheet as it moves towards the conclusion of a joint development agreement (JDA) for... 

3M showcases products that can be used in the fight against TB

By: Nadine James     4th May 2018 Mining solutions manufacturer 3M’s Live Life Breathe campaign intensified last month, when the company presented its message of tuberculosis (TB) eradication to the Women in Mining South Africa (WIMSA) organisation –  an organisation which 3M believes represents “South Africa’s industrial heart.”... 

DMR official dismayed that ‘a soldier is much safer than a South African coal miner’

By: Nadine James     4th May 2018 Department of Mineral Resources statistics demonstrate that, in terms of fatalities, the coal sector was the only sector that regressed in 2017, acting deputy chief inspector of mines Thabo Ngwenya told delegates at the Coalsafe 2018 conference in Secunda, last month. Ngwenya noted that, “in... 

Anglo Coal boss urges industry to ensure mining-affected communities ‘feel they are better off’

By: Nadine James     4th May 2018 Anglo American Thermal Coal South Africa CEO July Ndlovu warned delegates at the 2018 Coalsafe conference that the industry had to deal with community uprisings, or “risk facing another Marikana”. During his keynote address at the April 19 event, Ndlovu noted that in the three months preceeding... 

Mineral-rich developing countries urged to have ‘more beneficial engagements’ with China

By: Nadine James     4th May 2018 South Africa and other mineral-rich developing countries with close economic links to China must reassess their trade policies to provide a buffer against fluctuating commodity demand, according to Witwatersrand University School of Mining Engineering postgraduate student Peaceful Mathebula and... 

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines  

By: Terence Creamer     3rd May 2018 In a major policy reversal, State-owned electricity producer Eskom is budgeting to invest in the sustenance of mines that supply coal to the utility on a cost-plus basis. During Brian Molefe’s controversial tenure as Eskom CEO, the utility became hostile to the cost-plus model, which Molefe... 

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines
Eskom acting CEO Phakamani Hadebe on what he told investors on a recent roadshow and why load-shedding is unlikely this winter. Camera Work & Editing: Darlene Creamer. Recorded: 3.5.2018

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

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