R/€ = 16.20 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1319.11 $/oz Change: 2.38
Pt 851.62 $/oz Change: 1.40


CIL told to ensure Indian power stations have 20 days coal supply

By: Ajoy K Das     20th March 2019 To cope with peaking electricity demand during the summer months ahead, India’s Coal Ministry has directed State-run Coal India Limited (CIL) to ensure that each thermal power plant has assured stocks of 20 days on any given day. The Ministry has directed the coal miner to sustain the momentum of... 

Aveng appoints M&R veteran Jerome Govender MD for mining division

By: Marleny Arnoldi     20th March 2019 Construction major Aveng has appointed Jerome Govender MD for Moolmans – Aveng’s mining arm and one of the company’s two core businesses – effective April 1. Aveng executive chairperson Eric Diack says Govender has the necessary skills and 25 years of construction industry experience to lead... 

Fortescue ‘excited’ about potential new 10Mt/y Pilbara project

By: Esmarie Iannucci     20th March 2019 Iron-ore major Fortescue Metals is working with its partners on the Iron Bridge magnetite project to advance the Pilbara project towards a final investment decision. COO Greg Lilleyman said on Wednesday at the Global Iron & Steel Forecast conference, in Perth, that the proposed... 

Contractor building infrastructure at Belfast mine

15th March 2019 Construction contractor Concor Infrastructure has been awarded the job of building dams, roads, platforms and other civil works at diversified miner Exxaro’s new digital coal mine near Belfast, in Mpumalanga. Concor Infrastructure is constructing four major dams, 26 concrete platforms and... 

Supply chain solutions offered to coal sector

15th March 2019 Supply chain solutions provider Makoya Group has celebrated a successful five-year relationship with heavy equipment supplier HPE Africa, the sole distributor of Hyundai construction equipment in South Africa, and has affirmed that the partnership has been integral in securing the company’s... 

Council sees potential in coal exports

15th March 2019 In its 2018 facts and figures pocketbook published last month, Minerals Council South Africa notes that South Africa has an annual coal export potential of 110-million tons compared with the 75-million tons currently being exported. This would not only increase investment by more than 10% to... 

Phase 1 of MC Mining’s Makhado project approved 

By: Simone Liedtke     14th March 2019 ASX-, Aim- and JSE-listed MC Mining’s directors have approved the phased development of the company’s flagship Makhado coking coal project, which will result in the start of mining operations on the west pit. Construction of Phase 1 is set to start in the third quarter of this year. 

Eskom reform urgent to restore ferrochrome potential 

By: Martin Creamer     12th March 2019 The demise of State power utility Eskom has caused South Africa to lose its optimal position in the lucrative ferrochrome business. Because of Eskom’s decline, unbeneficiated chrome ore exports from South Africa to China have enabled the Asian giant to ascend up the ferrochrome production ladder. 

BHP crew applied brakes to wrong ore train before runaway crash

By: Bloomberg     12th March 2019 BHP Group’s runaway iron-ore train saga has taken another twist. A preliminary report into last year’s calamity in the remote Australian outback has found a rail maintenance crew sent to help the faulty freight train inadvertently worked on the wrong vehicle. 

Freight rates drop as more ships become available – Assore 

By: Martin Creamer     27th February 2019 Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil ,with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonnes of iron-ore supply have been withdrawn from the market. 

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