http://www.miningweekly.com
R/€ = 15.90 Change: 0.00
R/$ = 13.50 Change: 0.00
Au 1243.94 $/oz Change: 6.10
Pt 891.50 $/oz Change: 14.00
 

Coal News

Odisha to clamp down on illegal coal, nonferrous mineral extraction

By: Ajoy K Das     19th September 2017 Close on the heels of imposing penalties on iron-ore and manganese miners, the government of the eastern Indian province of Odisha is readying for a clampdown on coal and other nonferrous mineral miners for production beyond approved mining plans. The Odisha government is preparing notices to be... 

Pennsylvania permitting delay prompts Consol to change Bailey mine plan

By: Henry Lazenby     19th September 2017 A delay by the Pennsylvania Department of Environmental Protection (DEP) in evaluating the approval of the Bailey mine permit for the 4L panel has pressed Consol Energy to move the longwall to another panel to resume operations. The company expects the longwall move to last about four weeks and... 

Ukraine's DTEK says power output, import contracts at risk if tariff not raised

By: Reuters     18th September 2017 The head of Ukraine's largest private power and coal producer, DTEK, said the company may have to halt production at one of its power plants or suspend import contracts if the government does not raise tariffs to account for expensive anthracite imports. Pro-Russian separatists seized control of... 

Kibo moves closer to concluding PPA, securing project financing for MCPP

By: Creamer Media Reporter      18th September 2017 Dual-listed Kibo Mining says it is near concluding a power purchase agreement (PPA), as well as securing project financing for its Mbeya coal-to-power project (MCPP) in Tanzania. A memorandum of understanding (MoU), as a precursor to a final PPA with Tanzania power utility Tanesco, has passed all... 

African copper, nickel mines on Coal India radar as miner diversifies

By: Ajoy K Das     18th September 2017 Having decided to evolve into a diversified resource major from a pure play coal miner, Coal India Limited (CIL) has identified copper and nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG has been appointed to prepare the roadmap that will see CIL emerge as a... 

Nelson Mandela Bay chamber says 19.9% power hike would be ‘crippling’

By: Terence Creamer     15th September 2017 The Nelson Mandela Bay Business Chamber has expressed extreme disappointment with Eskom’s application for a 19.9% tariff increase from April 1, 2018, warning that such a hike would be “crippling” to business and the economy. Should the increase be approved it could translate to a 27.5% municipal... 

Nelson Mandela Bay chamber says 19.9% power hike would be ‘crippling’

Edenville pleased with progress at Rukwa mine

By: Creamer Media Reporter      15th September 2017 Aim-listed Edenville Energy is pleased with the progress being made with the development of its Rukwa project, in Tanzania. “The first half of 2017 was an extremely busy and transformational period for the company.  Having raised funds in February to start production, we have been able to rapidly... 

New study points to 90% renewables mix being least cost by 2050 

By: Terence Creamer     15th September 2017 New analysis conducted using updated cost assumptions for solar photovoltaic (PV), onshore wind and batteries shows that the share of renewable energy in an electricity mix that would also be the least cost for South Africa could grow to above 90% by 2050. Such a portfolio, the study indicates,... 

New study points to 90% renewables mix being least cost by 2050
Photo by Duane Daws
Enertrag corporate business development head Dr Tobias Bischof-Niemz

McKinsey, KPMG targeted as South Africa graft scandal widens

By: Bloomberg     15th September 2017 After helping topple one of Britain’s best known public-relations companies, South African anti-corruption groups are now targeting US consultancy McKinsey & Co. and auditing firm KPMG for doing work for businesses tied to the Gupta family and President Jacob Zuma’s son. The Guptas, originally... 

Hydrogen detection solutions to increase safety at Zambian mines

By: Simone Liedtke     15th September 2017 Tshwane-based industrial solutions provider RTS Africa Engineering (RTS) believes that Zambia offers a “strong and vibrant mining economy” and is currently in the process of entering the Zambian mining market to provide increased safety at mines through its hydrogen detection solutions. 

Hydrogen detection  solutions to increase safety at Zambian mines
HIGHLY VERSATILE The H2Scan Hy-Alerta 500 instrument is a “highly versatile” hand-held detection device

Repackaged technology to serve local minerals market well – FLSmidth 

By: Dylan Slater     15th September 2017 The repackaging of established technology to process mined minerals is set to serve the local market well, according to mining and cement process technology company FLSmidth.  

Repackaged technology to serve local minerals market well – FLSmidth
minerals processing technology expert Taavi Orupold tells Mining Weekly about the FLSmidth Refulx Classifier. Video and Editing: Nicholas Boyd.

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

Exxaro, NUM to resume wage negotiations on Friday

By: Creamer Media Reporter      14th September 2017 Diversified miner Exxaro has received a revised set of demands from the National Union of Mineworkers (NUM) and the parties will resume wage negotiations on Friday. “We've noted the decision by NUM to issue a strike notice. The strike action affects Grootegeluk coal mine, in Lephalale, as well as... 

Stakeholders to push back at upcoming hearings into Eskom’s 2018 hike 

By: Terence Creamer     14th September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

Stakeholders to push back at upcoming hearings into Eskom’s 2018 hike

Coal shortage triggers higher LNG offtake by Indian power companies

By: Ajoy K Das     14th September 2017 Indian power generation companies are rushing to book liquefied natural gas (LNG) to maintain generation, as coal shortages threaten capacity utilisation of thermal power plants. Over the past two to three days, power companies have made new bookings of an estimated 10-million standard cubic... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

By: Henry Lazenby     14th September 2017 Improved fundamentals amid global economic growth are expected to sustain a higher pricing environment for the global base metals industry, prompting credit ratings firm Moody’s Investors Service to adjust higher the price sensitivity ranges for copper, iron-ore, and metallurgical and thermal... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

Chamber agrees to Minister's written undertaking
Chamber of Mines CEO Roger Baxter

NUM members to embark on strike at two Exxaro coal mines

By: Anine Kilian     13th September 2017 The National Union of Mineworkers (NUM) has served diversified miner Exxaro Resources with a notice to embark on a protected strike at the Grootegeluk mine, in Lephalale, Limpopo, and at the Leeuwpan mine, in Delmas, Mpumalanga.   The NUM submitted wage demands on April 13 and accuses Exxaro of... 

Eskom inquiry reference book published

By: Creamer Media Reporter      13th September 2017 Professor Anton Eberhard and Catrina Godinho have published ‘The Eskom Inquiry Reference Book' as an aid to the upcoming Parliamentary inquiry into so-called State capture at the power utility. The inquiry by the Portfolio Committee on Public Enterprises is due to kick off later this month. It... 

Eskom inquiry reference book published

Coal India reduces pithead stocks as shortage creeps into domestic coal market

By: Ajoy K Das     13th September 2017 A shortage of coal in the domestic market has significantly reduced pithead stocks of Coal India Limited (CIL) and has forced the miner to regulate dry fuel supplies to nonpower consumers across the country. Rising plant load factors (PLFs) of thermal power plants has had a salutary impact on... 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Demand for quality metals amplifying – ARM
African Rainbow Minerals CEO Mike Schmidt discusses of price premiums being paid for quality with Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Allegiance PFS proves up Stage 1 Telkwa plans

By: Esmarie Swanepoel     11th September 2017 A prefeasibility study (PFS) into the Stage 1 development of the Telkwa metallurgical coal project, in British Columbia, has confirmed that the project can be developed into a small stand-alone operation. The PFS found that some 250 000 t/y of saleable coal can be produced over a 19-year mine... 

Eskom at a sustainability ‘tipping point’, business and labour warn

By: Terence Creamer     8th September 2017 Business and labour raised serious questions on Friday about the sustainability of State-owned electricity producer Eskom in light if its current governance failings, which were now undermining its financial health to the point where government could be force to assist the utility in meeting its... 

Eskom at a sustainability ‘tipping point’, business and labour warn
Photo by Duane Daws
Labour Minister Mildred Oliphant in conversation with Deputy President Cyril Ramaphosa at the Nedlac Summit

Kibo wins GE innovation award for Mbeya

By: Natasha Odendaal     8th September 2017 Aim- and AltX-listed Kibo Mining has been awarded the General Electric (GE) Innovative Project Development Deal of the Year 2017 for its Mbeya coal-to-power project, in Tanzania. The award was presented to the company in New York on Thursday. 

Qld pumps A$25m into coal health and safety

By: Esmarie Swanepoel     8th September 2017 The Queensland government on Friday announced a A$25-million investment over the next two years to deliver more reforms aimed at protecting the health and safety of the state’s coal workers. In tabling the government’s response to the second Coal Workers’ Pneumoconiosis Select Committee report,... 

Qld pumps A$25m into coal health and safety

Myriad of opportunities in Zim’s mining sector

     8th September 2017 Zimbabwe is poised for growth and, with the country committed to ensuring a sustainable growth path, there are a host of investment opportunities in the mining industry to be capitalised on. This is according to the investment promotion body Zimbabwe Investment Authority‘s Invest in Zimbabwe... 

Myriad of opportunities in Zim’s mining sector
Photo by Bloomberg
DIAMONDIFEROUS Zimbabwe has deposits of high-quality diamonds, which are in high demand on the global market

Industry challenges encourage new tech developments

By: Marleny Arnoldi     8th September 2017 Automation technology for minerals processing has become an indispensable element of productivity, owing to the role it plays in improving quality, reducing cost and labour intensity, as well as decreasing energy and raw material consumption, says integrated solutions provider Takraf Africa,... 

Industry challenges encourage new  tech developments
BREAKING THROUGH Junior miners prefer semimobile equipment, such as the Bradford Breaker, owing to its low capital cost and ease of transport

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

TFR sets new monthly record for coal railed to RBCT

By: Creamer Media Reporter      7th September 2017 Transnet Freight Rail (TFR) has set a new record for coal railed to the Richards Bay Coal Terminal (RBCT), with 7.46-million tons transported to the export terminal in August. This compares with the previous record of 6.9-million tons. 

Rio boosts Kestrel coal reserves

By: Esmarie Swanepoel     7th September 2017 Mining major Rio Tinto has increased the coal reserve estimate at its Kestrel underground mine, in Queensland, by 62-million tonnes. The project was now estimated to host 185-million tonnes of coal reserves, up from the 123-million tonnes estimated in 2016. 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

African Rainbow Minerals dividend payout soars to record level
Photo by Duane Daws
African Rainbow Minerals executive chairperson Patrice Motsepe.

Peabody extinguishes another $150m debt

By: Henry Lazenby     7th September 2017 US coal major Peabody Energy has notified lenders that it will repay a further $150-million of its senior secured term loan, bringing total debt repaid in the third quarter to $300-million. The St Louis, Missouri-based miner also said it was seeking amendments to accommodate a repricing of the... 

Peabody sells majority of Burton mine for $11m

By: Esmarie Swanepoel     6th September 2017 US coal major Peabody Energy struck a deal with the Lenton joint venture (JV), in which ASX-listed New Hope Corporation holds a 90% interest, to divest of the majority of its Burton mine, in Queensland, for $11-million. The Lenton JV will assume the reclamation obligations associated with the... 

Teck falls most among miners on $1bn China share sale

By: Bloomberg     6th September 2017 Teck Resources dropped the most among large mining stocks after China Investment Corp unloaded nearly half its stake in Canada’s largest diversified miner. The Vancouver-based company dropped 6.7% to C$29.47 at the close in Toronto, making it the worst performer in the Bloomberg World Mining... 

Teck falls most among miners on $1bn China share sale
Teck Resources president and CEO Don Lindsay

Minergy maintains positive momentum, eyes secondary listing by July 2018

By: Natasha Odendaal     5th September 2017 As emerging coal miner Minergy posts its maiden results for the year ended June 30, much work has been completed in the background to bring to fruition the full potential of the Masama project, in Botswana. So far, the potential of the resource, which was beyond expectations, had proven far... 

Minergy maintains positive momentum, eyes secondary listing by July 2018
Minergy CEO Andre Boje

SA out of recession but growth far from NDP ambitions

By: African News Agency      5th September 2017 The South African economy is out of recession at the moment, owing to a gross domestic product (GDP) growth of 2.5% in the second quarter of 2017, StatsSA announced on Tuesday. “Let’s go straight into the numbers … the GDP quarter-on-quarter [growth rate] is 2.5%. I saw that analysts in the media... 

SA out of recession but growth far from NDP ambitions

Ncondezi Energy gets loan repayment extension

By: Anine Kilian     4th September 2017 Aim-listed Ncondezi Energy has entered into a formal agreement to extend its shareholder loan repayment date. The extension includes the loan announced in May, which involved Ncondezi drawing down $2.2-million, taking the total repayment amount to $4.4-million. 

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