R/€ = 15.87 Change: -0.27
R/$ = 13.66 Change: -0.22
Au 1278.54 $/oz Change: -21.47
Pt 884.00 $/oz Change: -20.07

Coal News

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Steel tariffs may trip up another industry Trump loves: Coal

By: Bloomberg     6th March 2018 President Donald Trump’s proposed steel tariffs may have a downside for US coal miners. While tariffs could increase domestic demand for metallurgical coal – which is used in the steelmaking process – most of the market for that fuel is abroad. About 75% of the coking coal US miners produced in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

China will cut 30Mt of steel, 150Mt of coal this year – NDRC

By: Reuters     5th March 2018 China will cut steel capacity by 30-million tonnes and coal output by 150-million tonnes this year, its top economic planner said on Monday, putting the world's top metal and energy market on track to beat long-term targets. In a work report at the opening of the annual meeting of parliament, the... 

Isaac Plains East mining lease approvals a significant milestone for Stanmore Coal

By: Simone Liedtke     5th March 2018 The granting of the Isaac Plains East (IPE) mining leases and the Commonwealth Environment Protection and Biodiversity Conservation approval for the project is a significant milestone for ASX-listed junior coal miner Stanmore Coal. It provides the company with a de-risked path to a significant... 

Strong H1 performance motivates Universal Coal to declare a mid-year dividend

By: Megan van Wyngaardt     5th March 2018 Given the solid financial performance in the six months to December 31, ASX-listed Universal Coal has taken the decision to reward shareholders, declaring an interim dividend of A$0.01 a share unfranked. This came on the back of net profit after tax having increased substantially to... 

Mastermyne secures early contractor involvement at proposed Isaac Plains development

By: Megan van Wyngaardt     2nd March 2018 ASX-listed Mastermyne Group has been selected as a contract partner for an early contractor involvement (ECI) process for ASX-listed Stanmore Coal's proposed Isaac Plains underground mine. The ECI process will see the company working with Stanmore to undertake a bankable feasibility study, which... 

Coal India output, sales rise as power plants rebuild stockpiles

By: Bloomberg     2nd March 2018 Coal India Limited's shipments rose 4.8% from a year ago and output increased for a seventh straight month as power plants bought up fuel to replenish stockpiles and meet increasing demand for electricity. Sales totaled 49.97-million metric tons in February, according to a stock exchange filing... 

ASIC takes legal action against former Rio Tinto CEO, CFO

By: Simone Liedtke     2nd March 2018 The Australian Securities and Investments Commission (ASIC) on Friday launched legal proceedings in the Federal Court in Sydney against Rio Tinto, its former CEO Tom Albanese and its former CFO Guy Elliott. The proceedings relate to statements, which ASIC alleges were misleading or deceptive,... 

ASIC takes legal action against former Rio Tinto CEO, CFO
Photo by Duane Daws
Former Rio Tinto CEO Tom Albanese

Exxaro expects 30% to 40% increase in FY17 core HEPS

By: Nadine James     2nd March 2018 Diversified miner Exxaro Resources expects to report a 30% to 40% increase in core headline earnings per share (HEPS) for the year ended December 31. The core HEPS excludes one-off Items, including costs relating to the implementation of its replacement black economic empowerment transaction, as... 

MTE celebrates 25 years of success

By: Nadine James     2nd March 2018 Travelling exhibition specialist MTE celebrates its twenty-fifth anniversary this year, and the company – founded by Tony Wightman in 1993 – owes its success to its deep engagement with the mining industry, subsequently enabling MTE to establish long-standing relationships with mines and... 

Vale’s Mozambique coal operation continues to hit new production heights

By: Rebecca Campbell     2nd March 2018 Brazilian mining group Vale has reported new production records by its coal operation at Moatize, in the Tete province of Mozambique. Since the disposal of its last Australian coal operation, Carborough Downs, in late 2016, Moatize has been the group’s only coal project. Moatize is run by a... 

Ramaphosa integral to mining’s fresh start – lawyer

By: Nadine James     2nd March 2018 There is an urgent need for a fresh start in mining to secure a new deal for the sector, says auditing and advisory firm BDO South Africa’s Africa desk leader Owen Murphy, suggesting that newly elected South African President Cyril Ramaphosa could be integral to this new start. The local mining... 

A proposal to the President - A six-point plan

2nd March 2018 South Africa's minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting, and new local and foreign investment, these resources will not be developed for... 

A proposal to the President - A six-point plan

Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti

By: Anine Kilian     1st March 2018 Anglo American has completed the sale of its Eskom-tied thermal coal operations to broad-based, majority black-owned and -controlled South African mining company Seriti Resources, which is led by CEO Mike Teke, for R2.3-billion. The acquisition includes the New Vaal, New Denmark and Kriel mines,... 

Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti
Photo by Christo Greyling
Dr Anna Mokgokong

India's outback coal bets sour as global prices recover

By: Bloomberg     1st March 2018 Australian mining legend Lang Hancock’s dream four decades ago of exporting coal from the country’s remote Galilee Basin is becoming a nightmare for two Indian conglomerates. Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal... 

APC applies to restart underground mining at Dartbrook

By: Mariaan Webb     1st March 2018 Following an 18-month review of various underground mining methods for the Dartbrook coal mine, in the Hunter Valley of New South Walesa, Australian Pacific Coal (APC) has determined that it should adopt bord-and-pillar mining of the Kayuga coal seam, rather than the approved longwall mining... 

APC applies to restart underground mining at Dartbrook

Optimum workers paid but questions raised about future sale

By: African News Agency      28th February 2018 There was no reason to place Optimum Coal Mine into business rescue other than the financing woes of Tegeta Exploration and the now fugitive Gupta family, Parliament's portfolio committee on mineral resources heard on Wednesday. Goodwill Mthombeni, the chairperson of the Optimum branch of the... 

Downer awarded A$600m contract at BHP Mitsubishi Alliance mine

By: Creamer Media Reporter      28th February 2018 Mining contractor Downer EDI has been awarded a three-year, A$600-million contract to provide mining services at the Blackwater coal mine, in central Queensland. The BHP Mitsubishi Alliance (BMA) owns the mine. 

Edenville Energy inks one-year coal supply deal for Rukwa

By: Natasha Odendaal     27th February 2018 Aim-listed Edenville Energy has signed a one-year contract for a minimum of 2 000 t/m of coal with an East African industrial user, with further trial orders of several thousand tonnes of coal for other potential customers being filled. The company, which is selling all orders at commercial... 

Kibo to raise £750 000

By: Creamer Media Reporter      27th February 2018 Aim- and AltX-listed Kibo Mining has received commitments to raise £750 000 through the placing of 17.65-million shares at a price of 4.25p each. “The funds raised today enable us to build on our strategy to create a strategic regional electricity supplier. 

CIL revives ‘own-your-wagon’ plans

By: Ajoy K Das     27th February 2018 Acknowledging transportation and logistical bottlenecks as large contributing factors to dry fuel shortages at end-users plants, Coal India Limited (CIL) is drawing up plans to acquire its own railway wagons. The five-year plan will entail CIL acquiring its own wagons to transport coal to thermal... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

BC establishes mining task force to grow jobs

By: Henry Lazenby     27th February 2018 The British Columbia government has established the long-awaited Mining Jobs Task Force on Monday. The task force has its roots in the 2014 Mount Polley mine tailings pond failure in the Cariboo region of the province, and is established amid intensifying disputes with Alaska over downstream... 

BC establishes mining task force to grow jobs
Photo by British Columbia Government
BC Minister of Energy, Mines and Petroleum Resources Michelle Mungall announces the provincial Mining Jobs Task Force

India sets deadline for commercial coal block auctions

By: Ajoy K Das     26th February 2018 Close on the heels of opening up commercial coal mining for private investors last week, the Indian government has set a 2019 deadline for completing the auction process. While government officials remain tightlipped about the number of coal blocks that will be up for auction in the first... 

Anglo completes sale of Drayton coal mine

By: Mariaan Webb     26th February 2018 Global miner Anglo American has completed the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project to unlisted Malabar Coal. The assets are located in the Hunter Valley of New South Wales, Australia, and have been sold to Malabar for an undisclosed amount, Anglo... 

More Gupta-owned companies apply for business rescue 

By: News24Wire      23rd February 2018 More Gupta-linked companies have filed for business rescue, company documents show. This comes shortly after the family's Optimum mines filed for business rescue earlier this month. This leaves their creditors holding a particularly busy bag of cats. 

More Gupta-owned companies apply for business rescue
Atul Gupta

Poland's PGE says facing delays in coal-fuelled Opole power plant

By: Reuters     23rd February 2018 Poland's biggest power producer PGE said two units at its coal-fired Opole power plant will be completed a few months later than planned, potentially delaying the country's biggest infrastructure investment since 1989. The plant in the south-west of Poland is expected to help avoid power... 

Planning commission outlines case for Eskom split in new energy document 

By: Terence Creamer     23rd February 2018 The National Planning Commission (NPC) has released a new discussion document on the energy sector, which reinforces the National Development Plan’s (NDP’s) “explicit” requirement for the system operations, planning, power procurement, purchasing and contracting functions within Eskom to be... 

Planning commission outlines case for Eskom split in new energy document

NUM says members not paid at Gupta-owned Optimum mine

By: Reuters     23rd February 2018 The National Union of Mineworkers (NUM) said on Friday that its members had not been paid on time at the Optimum coal mine, which is owned by the Gupta family, and would not return to work at the operation which has started business rescue proceedings. "The guys were not paid and they want a... 

Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian  

By: News24Wire      23rd February 2018 The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe... 

 Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Richards Bay Coal Terminal, port win top global excellence awards 

By: Martin Creamer     23rd February 2018 South Africa's Richards Bay Coal Terminal (RBCT) and Richards Bay Port won global recognition at the Global Ports Forum awards ceremony in Dubai on Thursday. The winners of these prestigious international awards by the ten-year-old Singapore-launched Global Ports Forum are finalised by a judging... 

Richards Bay Coal Terminal, port win top global excellence awards
RBCT GM Operations Jabu Mdaki, extreme left, and RBCT CEO Alan Waller, extreme right, in Dubai award ceremony.

Portfolio Committee asks DMR to intervene at Optimum mine

By: Anine Kilian     23rd February 2018 The Portfolio Committee on Mineral Resources has called on the Department of Mineral Resources (DMR) to intervene at the Gupta-owned Optimum coal mine and “establish with certainty” the future of the mine. Power utility Eskom late on Thursday confirmed that the mine, which supplies coal to its... 

Portfolio Committee asks DMR to intervene at Optimum mine

Indian govt pushing for JVs to acquire overseas battery mineral assets

By: Ajoy K Das     23rd February 2018 The Indian government is considering pushing government-owned mining and mineral processing companies to form joint ventures (JV) to acquire strategic assets overseas. Senior official say that JVs will not only combine the mining expertise of these companies across various minerals, but also... 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Digitalisation to impact on every aspect of mining – Schneider

By: Dylan Slater     23rd February 2018 Of all the trends impacting on the mining industry, none will be as critical as digitalisation, says power management and automation systems Schneider Electric South Africa mining, minerals and metals (MMM) Africa business VP Wilhelm Swart.  

Adani may sell stake in Carmichael coal mine amid funding delay

By: Bloomberg     22nd February 2018 The battle to build one of the world’s biggest coal mines has suffered a fresh setback after Adani Enterprises conceded it would fail to meet a March deadline to arrange A$3-billion in financing for the project. The December decision by the Queensland government to veto Adani’s A$900-million... 

Adani may sell stake in Carmichael coal mine amid funding delay

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