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Coal News

Commercial coal mining in India potentially heading for backburner

By: Ajoy K Das     17th September 2018 Signs are emerging that commercial coal mining in India, sans any end-use restrictions and permitting free merchant sale, will be put on the backburner, if not die a slow death altogether. Although no official acknowledgement of the same is forthcoming from any of the departments involved in... 

Eskom has coal shortages at ten power plants – spokesperson

By: Reuters     17th September 2018 South African power utility Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies. A company spokesman said a major supplier, owned by the Gupta family, had cut supplies as it seeks insolvency... 

Eskom has coal shortages at ten power plants – spokesperson

How Anglo quietly built a commodity trader in Glencore's shadow

By: Bloomberg     17th September 2018 Anglo American has quietly become a commodities trader. In just five years, the century-old miner assembled marketing operations that now sell more metals than the company produces. Yet the trading business gets barely a mention at presentations by Anglo executives or in analyst reports, taking... 

How Anglo quietly built a commodity trader in Glencore's shadow

Coal crunch faced by Indian nonpower sector to ease, not end

By: Ajoy K Das     14th September 2018 The coal shortage faced by the nonpower sector is expected to continue, although a reversal of the trend may emerge toward the end of the month, Coal India Limited (CIL) chairperson Anil Kumar Jha has said. “A surge in demand for coal at the start of the summer months this year forced CIL to... 

South32 assumes operatorship of Eagle Downs

By: Mariaan Webb     14th September 2018 Diversified mining group South32 has assumed operatorship of the Eagles Downs metallurgical coal project, following the completion of the acquisition of a 50% interest in the Bowen basin project. The other 50% is owned by Aquila Resources, a subsidiary of China’s BaoWu. 

South32 assumes operatorship of Eagle Downs
South32 CEO Graham Kerr

Zambia’s operational investment spikes

By: Paige Müller     14th September 2018 A positive shift in Zambia’s copper and cobalt mining industries has resulted in an increase in much-needed operational investments by major mining houses, says mining, bulk materials handling and minerals processing equipment and systems supplier TAKRAF Africa. TAKRAF Africa regional sales... 

Zambia’s operational   investment spikes
INCREASED DEMAND Tenova TAKRAF Africa has noted an increase in Zambian mining houses expenditure on operational investments

Hurricane threatens US coking coal exports

By: Mariaan Webb     13th September 2018 Prices of metallurgical coal, used by steelmakers, are likely to rise if Hurricane Florence disrupts port operations at Virginia’s Hampton Roads for an extended time, Wood Mackenzie (Woodmac) said on Thursday. Hurricane Florence, which has been downgraded from a category four to a category two... 

Hurricane threatens US coking coal exports

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

South African mining sees considerable decline of 5.2% in July – Stats SA

Resgen pursues tandem approach to funding solution for Boikarabelo

By: Simone Liedtke     13th September 2018 ASX-listed Resource Generation (Resgen) confirmed on Thursday that it had received a commitment from a lender to table a funding proposal prepared by the deal team for credit committee approval. The company, has until now, been pursuing a tandem approach to finding a funding solution for the... 

India's steel minister wants import duty on coking coal scrapped

By: Reuters     13th September 2018 India's steel minister said on Thursday he wanted the finance ministry to scrap the 2.5% duty on imports of coking coal, a key steelmaking raw material, to limit input costs. "We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5% to 2%." 

RWE fears lignite industry collapse in hasty coal exit by Merkel

By: Bloomberg     12th September 2018 Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities, or she risks the collapse of the nation’s mining industry as well as persistent blackouts, RWE AG said in a report. Shuttering coal plants may have a... 

RWE fears lignite industry collapse in hasty coal exit by Merkel
Angela Merkel is risking the collapse of the mining industry in Germany, RWE has warned.

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Exxaro, Seriti said to mull bids for South32 coal assets

By: Bloomberg     11th September 2018 Exxaro Resources and Seriti Resources are among groups considering bidding for South32’s South African thermal coal operations, which have been valued at almost $800-million, according to people familiar with the matter. South32’s South Africa Energy Coal unit, the country’s third-biggest... 

Exxaro, Seriti said to mull bids for South32 coal assets

DMR approves amended EA for MC Mining’s Makhado project

By: Simone Liedtke     11th September 2018 The Department of Mineral Resources (DMR) has approved the environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. The approval by the DMR follows confirmation earlier this month that the Limpopo Department of Economic Development, Environment and... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

Palmer plans power station for Galilee project

By: Esmarie Iannucci     10th September 2018 Mining personality and chairperson of Waratah Coal, Clive Palmer, has announced plans for the company to build a new A$1.54-billion coal-fired power station in Queensland’s Galilee Basin. The proposed 700 MW high efficiency low emission ultra-supercritical power station would be established on... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

Pollution regulator issues notices to Coal India for environmental non-compliance

By: Reuters     7th September 2018 The pollution regulator for the central Indian state of Odisha issued notices to Coal India mines with a combined annual capacity of 20-million tonnes for non-compliance on environmental norms, according to a document seen by Reuters. The notices, issued in July and August to 2 mines, alleged... 

Mozambique confirms priority for new coal-carrying railway

By: Rebecca Campbell     7th September 2018 The strengthening of the railway infrastructure to carry coal from the inland Tete province to the sea, for export, is one of the top priorities for next year for Mozambique’s Ministry of Transport and Communications. This was affirmed by Transport and Communications Vice Minister Manuela Rebelo... 

Investors need proof of Zimbabwe mining pudding

By: Evert Wasserman     7th September 2018 There are plenty of new and dormant coal projects in Zimbabwe, which can help improve the economy of Zimbabwe, says senior coal analyst Xavier Prévost. Zimbabwe has abundant coal resources of a high quality, as some contain coking coal, which is usually available and also the most expensive kind... 

Investors need proof of Zimbabwe mining pudding
Photo by Bloomberg
KEY INPUT Coking coal is used to create coke, one of the key input components for the production of steel, which is the key element of blast furnace operations

Accelerate processes to ensure timeous recovery of mining sector – govt urged

By: Nadine James     7th September 2018 Integrated infrastructure delivery company AECOM is well-poised to make inroads into the mining industry, says AECOM Africa strategy and growth director Fadzai Nyamasve. She tells Mining Weekly that  although there  is still uncertainty in the market regarding the Mining Charter, AECOM expects... 

Accelerate processes to ensure timeous  recovery of mining sector – govt urged
FADZAI NYAMASVE Regulatory uncertainty is being addressed and there is a deliberate campaign to attract investors, so the pressing challenge is ensuring the industry recovers in a timeous manner

Coal-transition support should aid workers and communities, not Eskom – report

By: Terence Creamer     6th September 2018 A new report into South Africa’s coal sector argues that any subsidies set aside for the country’s “inevitable” transition away from coal in electricity production should be tailored to protect workers, their dependants and communities, rather than Eskom, or the coal sector as a whole. Published... 

Coal-transition support should aid workers and communities, not Eskom – report

Poland's JSW seeks tighter grip on coking coal with possible Prairie bid -sources

By: Reuters     6th September 2018 Poland's JSW is considering a bid for control of Prairie Mining to tighten its grip as the EU's biggest coking coal miner, two sources familiar with the situation said. Coking coal is on the European Commission's list of critical raw materials of economic importance with the price of Chinese... 

MC Mining to negotiate EPC package with Chinese group

By: Marleny Arnoldi     6th September 2018 Coal miner MC Mining has signed heads of agreements with Chinese construction group China Railway International Group (CRIG) to negotiate an engineering, procurement and construction (EPC) contract for the Makhado project, in Limpopo. Under the terms of the agreements, MC Mining and CRIG will... 

Adani-owned Abbot Point Bulkcoal faces A$2.7m fine

By: Esmarie Iannucci     6th September 2018 The Queensland environmental regulator will be taking further action against a subsidiary of Indian major Adani over an unauthorised discharge of sediment water from the Abbot Point coal terminal during Cyclone Debbie, in 2017. It is alleged that Abbot Point Bulkcoal (APBC) discharged sediment... 

Qld seeks public input on A$1bn coking coal mine

By: Esmarie Iannucci     6th September 2018 The Queensland government has called for public comment on the proposed A$1-billion Olive Downs coal mine, releasing its draft environmental impact statement (EIS). Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said on Thursday that the proposed project... 

Qld seeks public input on A$1bn coking coal mine

Downer wins mining contract extension at Commodore

By: Esmarie Iannucci     5th September 2018 Contractor Downer EDI has been awarded a five year mining contract extension at the Commodore opencut coal mine, in Queensland, worth A$286-million. The contract will see Downer continue operations at Commodore until the end of August 2024. 

SABS gears up to restart partial testing in response to industry frustration

By: Terence Creamer     4th September 2018 The South African Bureau of Standards (SABS), which was placed under administration by Trade and Industry Minister Dr Rob Davies earlier this year, intends lifting its two-year moratorium on the partial testing of product conformance, also referred to as customer specific requirement testing. The... 

SABS gears up to restart partial testing in response to industry frustration
Photo by Creamer Media
SABS acting CEO Garth Strachan

Limpopo authorities approve amended EA for MC Mining’s Makhado project

By: Marleny Arnoldi     3rd September 2018 The Limpopo Department of Economic Development, Environment and Tourism (Ledet) has approved amendments to coal miner MC Mining’s 2016 environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. MC Mining’s subsidiary Baobab Mining & Exploration, which... 

Grindrod reports strong recovery in interim earnings

By: Marleny Arnoldi     31st August 2018 Freight and financial services group Grindrod has achieved a strong year-on-year recovery in the six months to June 30, with its earnings a share having increased to 317c, compared with a loss a share of 11.5c in the first half of 2017. Headline earnings a share were 3.8c, compared with a... 

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA

By: Nadine James     31st August 2018 The mining sector could attract an additional R122-billion worth of investment if the policy perception and environment improved to the top quarter of the Fraser Institute’s Policy Perception Index, rather than its current position in the lower quartile, Minerals Council South Africa (MCSA)... 

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA
Photo by Creamer Media
Tebello Chabana

Universal posts record results

By: Esmarie Iannucci     31st August 2018 Coal miner Universal Coal has reported a near 800% increase in after-tax profit for the full year ended June, while revenue has more than doubled. Net profit for the 12 months under review reached A$35.9-million, up from the A$4-million achieved last year, while revenue increased from... 

Lack of regulatory guidance stymies Climate Change Bill preparations

By: Nadine James     31st August 2018 While industry and environmental practitioners have welcomed the first draft of the Climate Change Bill, there is mounting impatience at the absence of the regulatory detail that organisations need to guide their preparations to comply, mining and environmental consultants SRK Consulting noted in... 

Lack of regulatory guidance stymies  Climate Change Bill preparations
ASHLEIGH MARITZ & ESTIE RETIEF Large carbon emitters face immense technical and financial challenges in repurposing their operations to meet new carbon emission requirements – a process that is hindered by a lack of regulatory clarity

Ncondezi receives in principle support from all loan holders for loan restructuring

By: Simone Liedtke     30th August 2018 Aim-listed Ncondezi Energy has received “in principle” support from all loan holders to enter into a loan restructuring for its existing $5.1-million loan and on the process to conclude a binding joint development agreement (JDA) for the company’s integrated 300 MW power and coal mine project in... 

Railway constraints take their toll on India’s captive thermal power plants

By: Ajoy K Das     30th August 2018 Captive thermal power plants in India are facing coal supply shortages, as a result of constraints in the availability of railway wagons to transport the coal. Not officially acknowledging any shortage of coal and instead blaming distribution bottlenecks for the supply challenges, the country’s... 

MC Mining receives first quarterly payment of R11m for Mooiplaats sale

By: Marleny Arnoldi     30th August 2018 The Department of Mineral Resources (DMR) has timeously approved the requisite Section 102 application that was necessary to complete MC Mining’s Mooiplaats colliery sales transaction. The company has also received the first quarterly payment of R11.3-million.  

MC Mining receives first quarterly payment of R11m for Mooiplaats sale
Mooiplaats

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert   

By: Terence Creamer     29th August 2018 A leading electricity expert is warning that there is little or no prospect that Eskom can trade itself out of its current financial difficulties and that restructuring – including a vertical separation of its cash-guzzling generation assets from its transmission, system operator and distribution... 

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert
University of Cape Town Graduate School of Business’ Professor Anton Eberhard outlines a ‘pragmatic’ restructuring plan for Eskom. Camera Work: Nicholas Boyd. Editing: Christo Greyling. Recorded: 28.8.2018

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