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Mantashe stresses importance of partnerships for mining sustainability

By: Simone Liedtke     18th April 2018 Mineral Resources Minister Gwede Mantashe on Wednesday stressed the importance of partnerships between mining companies and labour, as well as with communities, for mining to be sustainable. Speaking at the inaugural KwaZulu-Natal Mining Indaba, in Newcastle, he noted that such partnership would... 

Mantashe to open first KwaZulu-Natal Mining Summit

By: Anine Kilian     12th April 2018 The first KwaZulu-Natal Mining Summit will be held on April 18 and will officially be opened by Mineral Resources Minister Gwede Mantashe. The summit, which will be held at Blackrock Garden Court, in Newcastle, is aimed at ensuring a more rapid inclusion of black Africans and emerging... 

Australia sees miners winning highest Japan coal deal since 2012

By: Bloomberg     9th April 2018 Coal miners are set to win the highest supply contract in six years from Japanese utilities after demand drove spot prices higher, according to Australia’s commodity forecaster. Japan’s utilities will probably pay $100 a metric ton for annual supplies during the period from April to March, the... 

Aurizon puts new wagons on NSW coal lines

By: Esmarie Swanepoel     6th April 2018 Freight hauler Aurizon has reiterated its commitment to the Hunter Valley coal industry, announcing the arrival of a batch of newly-built coal wagons at the Port of Newcastle. Aurizon GM for New South Wales coal operations, Catherin Baxter, said on Friday that the 32 wagons in the consignment... 

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

Australia pumps A$50m into drilling research

By: Esmarie Swanepoel     28th March 2018 The Australian federal government on Wednesday announced a A$50-million investment into research aimed at better equipping the mining and resources sector to manage future challenges. Resources and Northern Australia Minister Matt Canavan said the funding would come from the Cooperative... 

AMSA weighs asset disposals as losses mount, debt rises and rand strengthens 

By: Terence Creamer     31st January 2018 ArcelorMittal South Africa (AMSA) is considering various asset disposals as part of a plan to strengthen its balance sheet, which remains under pressure as a result of a protracted period of lossmaking, which has endured since 2010. The JSE-listed steelmaker declared another headline loss of... 

Brazil-focused Serabi to bolt-on Anfield’s Coringa gold project for $22m

By: Henry Lazenby     14th November 2017 Dual-listed mining and development company Serabi Gold is looking to double output with the acquisition of the Coringa gold project, located in the Tapajos gold province of Para state, in Brazil. The LSE Aim- and TSX-listed miner announced early on Tuesday morning that it will acquire the... 

Yancoal buys further stake in Warkworth coal mine for $230m

By: Esmarie Swanepoel     27th September 2017 ASX-listed Yancoal Australia has exercised a call option to purchase Mitsubishi Development’s 28.9% interest in the Warkworth coal joint venture (JV) for $230-million. The deal followed Yancoal’s $2.69-bilion acquisition of mining major Rio Tinto’s Coal & Allied subsidiary, which included a... 

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... 

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

By: Terence Creamer     16th August 2017 Trade union Solidarity has confirmed receipt of a Section 189A retrenchment notice from steel producer ArcelorMittal South Africa (AMSA) and has indicated that it will enter negotiations with the company to ensure alternatives to retrenchments are considered. On Tuesday, AMSA announced that it... 

Eskom tariffs in AMSA’s action plan crosshairs as losses spike  

By: Terence Creamer     27th July 2017 Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a... 

China said to plan coal import ban at some ports starting July 1

By: Bloomberg     28th June 2017 China plans to ban coal imports starting July 1 at ports that were set up through approvals by provincial authorities, the latest move by President Xi Jinping’s government to exert stricter control on the market. Ports in the world’s largest consumer of the fuel that were approved under the... 

Glencore eyes 81Mt/y Hunter Valley coal play with surprise bid for Rio Tinto mines

By: Esmarie Swanepoel     12th June 2017 Diversified miner Glencore has made a surprise $2.5-billion bid for miner Rio Tinto’s 100% interest in its Coal & Allied subsidiary, rivaling a bid from ASX-listed Yancoal which launched a $2.45-billion offer in January. Glencore’s offer consisted of $2.05-billion in cash and $500-million in... 

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

By: Esmarie Swanepoel     25th May 2017 ASX-listed Yancoal Australia has made a tag-along offer to acquire Mitsubishi Development’s 32.4% interest in the Hunter Valley operations for $710-million. The tag-along offer fulfilled Yancoal’s obligation to Mitsubishi under the sale and purchase agreement for Yancoal’s $2.45-billion buy of... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

Jenny Internet

28th April 2017 Business systems specialist Jenny Internet offers high-speed Internet connectivity to backup solutions, even in the remotest parts of South Africa. “We have remote technicians to support our network country wide,” highlights the company, adding that its wireless networks cover most of South... 

FIRB clears Yancoal/Rio deal

By: Esmarie Swanepoel     13th April 2017 The Australian Foreign Investment Review Board (FIRB) has approved ASX-listed Yancoal’s $2.45-billion acquisition of Rio Tinto subsidiary Coal & Allied. The two companies in January struck a deal that will allow for an initial $1.95-billion cash payment upon the completion of the transaction in... 

Analysts acclaim Glencore’s performance as good fundamentals return

By: Martin Creamer     23rd February 2017 Commodity market fundamentals are improving against a backdrop of better than expected demand and limited, if any, inventory build through the trough of the cycle, diversified mining and marketing company Glencore said on Thursday. This comes against the background of the London-, Hong Kong- and... 

Rio Tinto to sell Coal & Allied to Yancoal for up to $2.45bn

By: Natasha Odendaal     24th January 2017 Mining major Rio Tinto has agreed to sell its Coal & Allied subsidiary to Yancoal Australia for up to $2.45-billion. The binding agreement allows for an initial $1.95-billion cash payment upon the completion of the transaction in the second half of 2017, followed by $500-million in deferred cash... 

Rehabilitation work begins to prepare Highveld structural mill for restart

By: Terence Creamer     23rd January 2017 Rehabilitation work at Highveld Steel’s heavy structural mill, located at the mothballed steel plant’s expansive site in Mpumalanga, is under way to prepare the facility for recommissioning, following the conclusion of a supply and marketing deal with ArcelorMittal South Africa (AMSA) in... 

Coal’s recovery too good to resist for world’s biggest exporter

By: Bloomberg     13th January 2017 Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489-million metric tons this year, 18% above the government-mandated target, according to energy ministry... 

Maules Creek mine, Australia

By: Sheila Barradas     25th November 2016 A coal mine, in the heart of the Gunnedah basin, in New South Wales, Australia. 

Buoyant coal prices prompt Moody’s to revise outlook to ‘stable’

By: Henry Lazenby     16th November 2016 Ratings firm Moody’s Investors Service has revised the outlook for the North American coal industry to ‘stable’ from ‘negative’, despite persistent challenges facing the sector, as coal producers receive much needed price relief. Although the industry continues to face challenges, coal producers... 

Met coal tops $300 first time since 2011 Australian floods

By: Bloomberg     8th November 2016 Spot metallurgical coal topped $300 a metric ton for the first time since flooding in Australia curbed output from the world’s biggest seaborne exporter five years ago. Hard coking coal rose to $307.20/t on Tuesday, extending a surge that has seen the price more almost quadruple since the start... 

Hentie Hoffman

By: Ilan Solomons     4th November 2016 This week we feature Hentie Hoffman, the COO of Mbuyelo, a R1-billion, 1 500-empoyee coal mining and marketing company 

Third-quarter Glencore coal production down on Optimum disposal

By: Martin Creamer     3rd November 2016 Third-quarter production of diversified major Glencore reflects the various operational suspensions and supply reductions announced and actioned notably in coal, oil, copper and zinc. The London-, Hong Kong- and Johannesburg-listed mining and marketing company, headed by CEO Ivan Glasenberg, said... 

Glencore secures 48% hike in thermal coal price

By: Reuters     25th October 2016 Glencore and Japanese power utilities have settled quarterly thermal coal contract prices at $94.75/t, up from around $64 last quarter, sources confirmed on Tuesday, reflecting a surge in spot prices. The Japanese buyers agreed to pay the higher price to secure supplies of high-quality thermal... 

Hunter Valley benefits from Bloomfield mine

By: Esmarie Swanepoel     14th October 2016 Hunter Valley-focused Bloomfield Group has employed nearly 100 additional staff at its recently acquired Rix’s Creek North operation, as activities at the mine pick up. The Bloomfield Group in August last year acquired the Camberwell opencut mine from the Australian arm of major Vale, as part of... 

New lease on life for DCD Heavy Engineering as Venco settles in Vereeniging

10th October 2016 The incorporation of DCD Venco into DCD Heavy Engineering in Vereeniging is consolidating the capacity of two iconic South African manufacturing operations into an optimised business well placed for growth, according to DCD Heavy Engineering general manager Dawie Marais. “Moving DCD Venco from... 

Hitachi Construction offers A$689m for Australia’s Bradken

By: Bloomberg     3rd October 2016 Hitachi Construction Machinery, the world’s biggest maker of giant excavators, made a A$689-million offer to acquire Bradken, an Australian supplier of mining equipment. The company will offer A$3.25 per share to buy the Newcastle, New South Wales-based company, the Japanese manufacturer said in... 

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

New Hope widens loss in FY16

By: Esmarie Swanepoel     20th September 2016 Coal miner New Hope Group has deepened its net loss after tax for the 2016 financial year from A$21.8-million in 2015, to A$53.7-million. The miner reported on Tuesday that earnings before interest, tax, depreciation and amortisation (Ebitda) decreased by 38.8% to A$81.3-million in the... 

South African coal industry needs to pursue mechanisation

By: Nadine James     16th September 2016 South African coal industry stakeholders need to pursue mechanisation if the industry is serious about streamlining operations and improving efficiencies, stresses international market research company BMI Research.  BMI commodities analyst Mitchell Hugers states that the benefits of... 

DCD, Southwest give muscle to Gravico venture

5th September 2016 Three years of successful collaboration on Gravico mining aftermarket products has led the partners – the Vereeniging-based DCD Group and Netherlands-based Southwest Group – to consolidate the venture into a stand-alone business incorporating assets from both stakeholders. Boasting a substantial... 

After years of pain, coal becomes one of the hottest commodities of 2016 

By: Reuters     18th August 2016 Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Cargo prices for Australian thermal coal from its Newcastle terminal, seen as the Asian... 

Coal major expects production increases despite Inyanda closure

29th July 2016 Thermal coal production from commercial mines owned by mining company Exxaro is expected to increase by 12%, mainly owing to the inclusion of coal producer Exxaro Coal Central (ECC) and higher production at the Grootegeluk coal mine, in Limpopo, and the North Block Complex coal mine, in... 

Anglo American coal bidders said in talks for acquisition loans

By: Bloomberg     22nd July 2016 Bidders for Anglo American’s Australian metallurgical coal assets, including Coronado Coal and AMCI Capital, are in talks with banks for acquisition financing, people with knowledge of the matter said. Coronado and AMCI are competing for Anglo American’s Moranbah and Grosvenor mines with BHP... 

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