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Coal

Glencore CEO Gary Nagle
Glencore to buy majority stake in Teck coal assets for $6.9bn
14th November 2023 By: Mariaan Webb

Commodities giant Glencore has finally agreed a deal with Canadian miner Teck Resources, which will sell its entire interest in its steelmaking business for $9-billion to a consortium led by the... 


Queensland enviro body takes New Acland to court
Queensland enviro body takes New Acland to court
13th November 2023 By: Mariaan Webb

Coal miner New Hope on Monday disclosed that its subsidiary, New Acland Coal (NAC), is at the centre of legal proceedings initiated by the Queensland Conservation Council. The complaint, served on... 


former Sasol chairperson and nonexecutive director Sipho Nkosi
Sipho Nkosi resigns as Sasol chair
13th November 2023 By: Darren Parker

Sipho Nkosi has stepped down as chairperson and nonexecutive director of energy and chemicals company Sasol, effective November 10.  His decision to resign emanated from the conclusion that, while... 


Sasol logo
Old Mutual asks investors to vote down Sasol climate resolutions
10th November 2023 By: Bloomberg

Old Mutual Investment Managers said it plans to vote against a number of resolutions at the Nov. 17 annual general meeting of petrochemicals and fuel company, Sasol , because of its poor... 


Manchin retirement boosts West Virginia coal scion’s senate bid
10th November 2023 By: Bloomberg

Jim Justice, a wealthy coal mine owner now serving as West Virginia’s Republican governor, gains an easier path for his Senate bid following Democrat Joe Manchin’s decision not to seek reelection... 


Cheap coal hampers green shift in emerging world, says Macquarie
10th November 2023 By: Bloomberg

Cheap fossil fuels are holding up developing nations’ efforts to move toward green alternatives, highlighting the need to make clean sources more affordable if the world is to meet its climate... 


South Africa’s climate adviser rebuts report target to be missed
9th November 2023 By: Bloomberg

South Africa’s Presidential Climate Commission dismissed a report that said modeling shows that the country will miss its 2030 emissions reduction target, saying that no such forecasting exists.... 


A manganese mining operation in South Africa
South Africa's mining production down 1.9% y/y, mineral sales down 20.2% y/y in Sept
9th November 2023 By: Creamer Media Reporter

South Africa's mining production decreased by 1.9% year-on-year in September, with diamonds, 'other' metallic minerals and manganese ore having made the largest negative contributions. Diamond... 


Queensland approves Anglo coal mine expansion
Queensland approves Anglo coal mine expansion
9th November 2023 By: Mariaan Webb

The Queensland government has cleared the expansion of an Anglo American steelmaking coal mine, near Middlemount, Resources Minister Scott Stewart said on Thursday. The government issued Anglo a... 


A power station operated by Eskom
South Africa to miss 2030 emissions goal as it keeps coal plants burning
9th November 2023 By: Reuters

South Africa will miss its binding 2030 carbon emissions targets under the Paris climate agreement, three senior government officials confirmed, as the country plans to run eight coal-fired power... 


A TFR locomotive
Indebted Transnet rolls over R7bn loans for four months
8th November 2023 By: Bloomberg

Transnet rolled over R7-billion of debt due this week until March, giving the South African State-owned port and rail company relief for four months. The bonds, which were due November 6, were... 


Australian Prime Minister Anthony Albanese
Australia's Albanese retraces historic Beijing walk on visit to mend ties
6th November 2023 By: Reuters

Australian Prime Minister Anthony Albanese stopped by Beijing's Temple of Heaven on Monday as he followed in the footsteps of the first Australian leader to visit China, retracing a walk made five... 


sasol sign
Sasol defends disclosure of potential decarbonisation shortcomings as responsible corporate citizenship
3rd November 2023 By: Darren Parker

Energy and chemicals company Sasol has taken exception to nonprofit organisation Just Share accusing it of shirking its responsibility to meet its previously stated goal of reducing its... 


Menar MD Vuslat Bayoglu
South Africa has the skills to resolve the Transnet issue – Menar
3rd November 2023 By: Martin Creamer

South Africa has the skills to resolve the Transnet issue, says Vuslat Bayoglu, the MD of Menar, a private investment company with an actively managed and growing portfolio of mining assets... 


MC Mining's Uitkomst Colliery
Shareholder consortium makes proposed buyout offer for MC Mining
2nd November 2023 By: Creamer Media Reporter

JSE-, ASX- and Aim-listed MC Mining has received a letter from two of its largest shareholders Senosi Group Investment Holdings and Dendocept, acting in a consortium on behalf of shareholders and... 


Bowen secures A$50m funding for Ellensfield ramp-up
Bowen secures A$50m funding for Ellensfield ramp-up
2nd November 2023 By: Mariaan Webb

Queensland-based Bowen Coking Coal on Thursday announced a A$50-million equity raising to fund the ramp-up of mining at Ellensfield South pit until it achieves steady-state production in the second... 


Top Origin investor to snub Brookfield’s A$19bn bid
2nd November 2023 By: Bloomberg

Origin Energy’s top investor AustralianSuper said it will reject an improved A$19.4-billion takeover offer from a Brookfield Asset Management-led consortium. A revised proposal from the group,... 


MC Mining CEO Godfrey Gomwe
Turnaround plan at MC Mining's Uitkomst Colliery delivers results
31st October 2023 By: Creamer Media Reporter

The implementation of a turnaround plan at the Uitkomst Colliery during June yielded pleasing results for MC Mining in the quarter ended September 30, MD & CEO Godfrey Gomwe says. This resulted in... 


Acting Eskom CEO Calib Cassim
Eskom warns of another R23bn loss as loadshedding underpins R24bn collapse
31st October 2023 By: Terence Creamer

Eskom has warned that it is likely to report another R23-billion-plus loss for its current financial year to the end of March 2024, having belatedly confirmed a loss of R24-billion (R12-billion)... 


Glencore chrome ore conveyance.
Full-year Glencore production guidance remains largely in line
30th October 2023 By: Martin Creamer

Full-year 2023 production guidance of London- and Johannesburg-listed diversified mining and marketing company Glencore remains largely in line with previous guidance. An exception is nickel,... 


Death toll rises to 45 in ArcelorMittal Kazakh coal mine fire
29th October 2023 By: Reuters

The death toll from a fire at a coal mine in Kazakhstan owned by ArcelorMittal rose to 45 on Sunday, with emergency teams engaged in an operation to find one remaining miner believed to have been... 


The North Goonyella mine in Australia
Peabody adds $109m to North Goonyella capex, acquires adjacent deposit
26th October 2023 By: Mariaan Webb

US-based coal miner Peabody Energy has approved a further $109-million for capital expenditure (capex) at its North Goonyella mine, a hard-coking coal longwall operation in Australia, and agreed to... 


South32 annual general meeting.
South32 continuing to investigate reducing Hillside Aluminium’s emissions intensity
26th October 2023 By: Martin Creamer

The long-term energy transition solutions on which South32 is focused are renewable energy and electrification. The Sydney-, Johannesburg- and London-listed diversified mining company has... 


Transnet chairperson Andile Sangqu
Transnet’s recovery plan premised on securing govt capital injection
26th October 2023 By: Terence Creamer

Absent an equity injection or debt relief from government, Transnet chairperson Andile Sangqu says the State-owned entity will not be able to deliver on what he described as a “credible” recovery... 


Afrimat group CEO Andries van Heerden
Afrimat continues to weather economic shocks through diversification
26th October 2023 By: Darren Parker

Mid-tier mining and materials company Afrimat’s strategy to diversify between commodities and revenue streams, coupled with stringent capital allocation, has enabled the group to continue to... 


Whitehaven hits out at dissident investor's 'failure' after BHP mines deal
Whitehaven hits out at dissident investor's 'failure' after BHP mines deal
25th October 2023 By: Reuters

Australia's Whitehaven Coal has submitted an application to the country's Takeovers Panel alleging its shareholder, Bell Rock Capital, failed to disclose relevant interest it holds in the coal... 


Anglo American hit with class action from coal miners over lung disease
24th October 2023 By: News24Wire

A new class action, on behalf of coal miners suffering from lung disease, has been launched against nine companies owned by Anglo American Group. This is the second in a series of class actions... 


Jonathan Price
Teck says restructuring remains 'priority'
24th October 2023 By: Reuters

Teck Resources was progressing "expeditiously" on a split of its coal and copper businesses, the Canadian miner said on Tuesday, after missing quarterly profit estimates on weak sales of... 


Anglo American reports third-quarter production.
Anglo: copper production up, rough diamond production down
24th October 2023 By: Martin Creamer

The copper production of diversified mining company Anglo American increased by 42% in the third quarter owing to the ramping up of the new Quellaveco copper mine in Peru. However, this was offset... 


An Eskom logo
Top bond investor slams South Africa bid to fix State firms
24th October 2023 By: Bloomberg

Futuregrowth Asset Management, a South African money manager overseeing more than R190-billion of fixed-income assets, says the government’s draft legislation meant to address inefficiencies at... 


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pqt: 1.253s - ct: 1.341s - 327pq - 2rq
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