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Coal News

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

Isaac Plains East set for July start

By: Esmarie Iannucci     21st June 2018 The Isaac Plains East coal mine, in Queensland, is expected to start production in July this year. Coal miner Stanmore Coal has awarded project house NRW Holdings subsidiary Golding Contractors a A$93-million contract to start production at Isaac Plains East, with the scope of the contract... 

Coal is being squeezed out of power by cheap renewables

By: Bloomberg     21st June 2018 Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally. That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5-trillion of... 

South African mining-focused EV manufacturer launched

By: Nadine James     20th June 2018 Battery-driven mining vehicle solution provider Battery Power Industries (BPI) officially launched on Wednesday. The South African original-equipment manufacturer specialises in the development of battery energy systems, electrical traction systems and high-speed charging systems for underground... 

South African mining-focused EV manufacturer launched

Report alleges miners inadequately disclose information on environmental rehabilitation costs

By: Nadine James     20th June 2018 Neither the law, nor the accounting standards governing company disclosures, ensure the necessary transparency and accountability about financial provision for environmental rehabilitation, the Centre for Environmental Rights (CER) alleges in its ‘Full Disclosure: The Truth about Mining... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

Asia's thermal coal demand poised to grow

By: Esmarie Iannucci     19th June 2018 Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found. Asian thermal coal demand is expected to grown from the 740-million tonnes in 2017, to 1.147-billion tonnes in 2030. 

Asia's thermal coal demand poised to grow

High Court lifts interim order against MC Mining's Makhado project

By: African News Agency      18th June 2018 MC Mining, previously known as Coal of Africa, on Monday said it welcomed a high court decision to lift an interim order against the company's environmental authorisation for the Makhado hard coking and thermal coal project. The court had in 2014 granted the Vhembe Mineral Stakeholders Forum and... 

India is said to plan to sell a stake in State-run coal miner

By: Bloomberg     18th June 2018 Prime Minister Narendra Modi’s administration is planning to offload a stake in State-run Coal India to speed asset sales after a disastrous attempt to find a buyer for the cash-strapped national airline, people with knowledge of the matter said. The Department of Investment and Public Asset... 

China's taxing America's coal just as it was looking to buy more

By: Bloomberg     16th June 2018 Forgive US coal miners for feeling a bit of whiplash over China’s trade policies. Just two weeks ago, the Chinese government was said to be considering buying more American coal as part of an effort to narrow its trade deficit with the US. Now, in retaliation for President Donald Trump’s duties... 

China's taxing America's coal just as it was looking to buy more

Exxaro appoints new chairperson

By: Marleny Arnoldi     15th June 2018 JSE-listed coal and heavy minerals miner Exxaro has appointed Jeffrey van Rooyen as independent nonexecutive chairperson.  

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

Yancoal denies firm plans for dual listing

By: Esmarie Iannucci     15th June 2018 ASX-listed Yancoal has denied reports that it has taken a firm decision for a dual primary listing in Hong Kong. The company was responding to reports that a dual listing was planned for later this year, which could raise between $600-million and $800-million. 

Royalties to contribute A$20bn to Qld Budget in next five years

By: Esmarie Iannucci     15th June 2018 The resources sector’s contribution to the Queensland state Budget is expected to soar to more than A$20-billion between now and July 2023. Total mineral royalties reached A$4.32-billion in the 2018 financial year. 

South African pumps range proves popular as US industry ramps up

By: Erin Steenhoff-Snethlage     15th June 2018 Centurion-based, family-owned pump solutions company Hazleton Pumps’ Hippo flameproof submersible pump range received increased interest, particularly from US coal mines, at the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM) Convention in Vancouver, Canada, last month. “There were... 

South African pumps range proves popular as US industry ramps up
BIG IN THE US The Hippo flameproof submersible slurry pumps are attracting interest from US coal mines

Virtual reality blast wall, cube providing ‘memorable’ training

By: Nadine James     15th June 2018 Virtual reality (VR) solutions provider Simulated Training Solution’s (STS’s) world-first VR blast wall and its VR cube have resulted in efficient, effective and memorable training programmes for Anglo American Platinum’s Engineering Services Training Centre (ESTC) in Randfontein, and Murray and... 

Virtual reality blast wall, cube providing ‘memorable’ training
VIRTUAL BLAST WALL The VR blast wall was designed and developed by STS in 2015 on request of Sasol Nitrate and Glencore

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Illegal mining worth R7bn a year – PwC
Photo by Dylan Slater
Informal processing of sand from a depleted mine dump off the N3 South freeway, near Elandsfontein, in Germiston

Nersa grants Eskom R32.69bn in RCA application 

By: African News Agency      14th June 2018 The National Energy Regulator of South Africa (Nersa) on Thursday granted Eskom R32.69-billion following its regulatory clearing account (RCA) application for the multi-year price determination period from 2015 to 2017. The cash-strapped power utility had applied for a 19.9% tariff hike to recoup... 

Nersa grants Eskom R32.69bn in RCA application

Trump's coal gambit may yield political points, not mining jobs

By: Bloomberg     14th June 2018 The Trump administration’s plan for reviving coal power plants is unlikely to resurrect mining jobs but may boost the president’s support among crucial Rust Belt voters before the midterm elections that will determine which party controls Congress. President Donald Trump has asked Energy... 

 Trump's coal gambit may yield political points, not mining jobs

South Africa's mining production down 4.3% y/y in April

By: African News Agency      14th June 2018 South Africa' mining output fell by decreased by 4.3% in April compared with the same month last year, the national statistics agency said on Thursday. Statistics South Africa said the largest negative contributors to the decline were platinum group metals (PGMs), which slid 6.5%, deducting 1.5... 

South Africa's mining production down 4.3% y/y in April

Glencore Coal provides free WiFi to two host communities

By: Nadine James     14th June 2018 Thermal coal miner Glencore Coal South Africa (SA) has launched a free WiFi initiative, which will allow members of two of the company’s host communities, Phola and Ogies, to access 500 MB/d per person for educational, economic and leisure purposes. The initiative currently comprises six... 

Tharisa expands its presence in Zim with acquisition of Karo stake

By: Simone Liedtke     13th June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

Ball set rolling for development of India’s largest coal block in West Bengal

By: Ajoy K Das     13th June 2018 The ball has been set rolling for development of the Deocha-Pachami coal block, which at an estimated two-billion tons of coal is India’s largest. The block has been allocated to the government of West Bengal for development and production from the asset. 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

Stanmore extends Isaac Plains with Peabody deposit buy

By: Esmarie Iannucci     12th June 2018 Coal miner Stanmore Coal has struck a A$30-million deal with Peabody Australia to acquire the Wotong South coking coal deposit, which is located adjacent to Stanmore’s Isaac Plains project, in Queensland. In addition to the A$30-million cash price, Stanmore has also agreed to a production-based... 

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