https://www.miningweekly.com
R/€ = 17.38 Change: 0.01
R/$ = 15.59 Change: 0.00
Au 1791.81 $/oz Change: -0.54
Pt 1016.00 $/oz Change: 3.00
 

Coal News

Green energy transition will help South Africa become more resilient, competitive  

By: Schalk Burger     28th January 2022 South Africa needs more power generation to overcome the supply gap and underpin economic growth, and investments by private companies, including mining houses, are essential to close that gap. Renewable energy projects provide good economic prospects, help to decarbonise the mining sector and... 

Teck increases Covid-19 capital budget for QB2

By: Mariaan Webb     28th January 2022 Diversified mining group Teck Resources has increased Covid-19 capital guidance for the Quebrada Blanca Phase 2 (QB2) project, in Chile, by up to $500-million, citing cost pressures as a result of absenteeism and labour inefficiencies related to the pandemic. The company now assumes that the... 

Hydrogen, coal exports make headlines   

28th January 2022 Mining Weekly Editor Martin Creamer discusses South Africa’s hydrogen roadmap targeting societal well-being; South Africa offsetting losses from the eventual decline in coal export by using hydrogen direct reduced iron technology; and the Richards Bay Coal Terminal's lowest volume of coal exports... 

Photo of Martin Creamer
Hydrogen, coal exports make headlines

Global coal prices surge as Ukraine tensions worsen supply woes

By: Reuters     28th January 2022 Global coal prices have shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel for fear that a standoff between Russia and western nations will cut off gas supplies. The benchmark Newcastle coal index has soared by... 

Solving transmission bottlenecks vital for unlocking supply

By: Cameron Mackay     28th January 2022 Overcoming energy transmission congestion is vital to stabilise energy supply in South Africa and, to ensure that energy supply meets demand, transmission assessments and upgrades need to be conducted to allow for energy access from resource-rich solar and wind areas, states renewable-energy... 

Image of EGP RSA country manager William Price
WILLIAM PRICE Many of the country’s load centres are situated in coal production areas, where the transmission grid has been designed to deliver energy to large populations

Prepared to support energy transition

By: Cameron Mackay     28th January 2022 As South Africa prepares to transition to renewable sources of energy, carbon-intensive companies such as coal exporter Thungela can assist in this energy transition by ensuring delivery of higher quality, responsibly-mined coal, states Thungela CEO July Ndlovu. “This transition is going to... 

Image of a haul truck at a water reclamation plant
STAKEHOLDER BENEFITS The eMalahleni Water Reclamation Plant is an example of how mine water can be transformed into an asset with benefits for the local community

Eskom warns of elevated diesel use as system outlook remains precarious 

By: Terence Creamer     27th January 2022 State-owned electricity group Eskom is warning that its use of the country’s diesel-fuelled open cycle gas turbines (OCGTs) is set to remain elevated in the coming months as the utility seeks to avoid load-shedding in a context of rising planned maintenance and the ongoing risk of unplanned... 

Group executive for transmission Segomoco Scheppers
Photo by Creamer Media's Donna Slater
Group executive for transmission Segomoco Scheppers

Indonesia has cleared 171 miners to resume coal exports, more being assessed - official

By: Reuters     27th January 2022 Indonesia has allowed 171 miners to restart coal exports since a ban was imposed at New Year to secure domestic supply, while the compliance of hundreds more miners is still being assessed, an advisor to the energy minister said on Thursday. The world's biggest thermal coal exporter shocked... 

Anglo increases copper guidance for 2022 as Peru mine comes online

By: Marleny Arnoldi     27th January 2022 Global miner Anglo American says its production for the fourth quarter of 2021 was flat compared with output in the fourth quarter of 2020. CEO Mark Cutifani noted on January 27 that operating levels across the group had been at about 95% of normal capacity throughout 2021 as a result of... 

Anglo CEO Mark Cutifani
Anglo CEO Mark Cutifani

Teck’s Elk Valley to deploy zero-emission trucks

By: Creamer Media Reporter      27th January 2022 Canadian diversified miner Teck Resources will deploy 30 Caterpillar zero-emission trucks at its Elk Valley steelmaking coal operations, in British Columbia, as part of a multi-phase approach to decarbonise its vehicle fleet. The 30-strong fleet, which would include Cat 794 ultra-class trucks,... 

Green primary iron could help South Africa offset fall in coal export revenues – study 

By: Terence Creamer     26th January 2022 Producing carbon-free primary iron in South Africa using green hydrogen direct reduced iron (GHDRI) technology could create a new globally competitive green export industry that could help offset the losses associated with the eventual decline in coal exports, a new study shows. Such exports... 

Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts
Photo by Creamer Media
Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts

Europe forced to rely on expensive, dirty coal to keep lights on

By: Bloomberg     26th January 2022 Coal will play a vital role in helping to keep the lights on in Europe this winter even as prices are jumping and lawmakers are doing their best to kill off one of the dirtiest power-plant fuels. Northwest European coal for February rose more than 3% to trade at its highest in three months on... 

South Africa's RBCT exports lowest coal tonnage since 1996  

By: Martin Creamer     25th January 2022 The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-milion tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. 

Creamer Media screenshot.
Richards Bay Coal Terminal media brief covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Bell Equipment supplies 12 ADTs to Ikoti Coal

By: Simone Liedtke     25th January 2022 Twelve locally manufactured B45E articulated dump trucks (ADTs) were recently handed over to locally-owned and -operated miner Alfieri Holdings, which operates Ikoti Coal, in Mpumalanga. These ADTs, industry cluster organisation Mining Equipment Manufacturers of South Africa (Memsa) says, are the... 

Pictured: Enock Mabaso, Zabilon Inama, Gary Bell, Branden Moodley, and Bruce Ndlela.
Pictured: Enock Mabaso, Zabilon Inama, Gary Bell, Branden Moodley, and Bruce Ndlela.

McKinsey pegs the price tag of a livable climate at $9.2tr a year

By: Bloomberg     25th January 2022 A new analysis from McKinsey & Co. estimates that the investment, in new infrastructure and systems, needed to meet international climate goals could be $9.2-trillion a year through 2050. That’s at least $3.5-trillion more a year than the world is currently laying out for both low-carbon and... 

Indonesia starts construction of $2.3bn coal gasification plant

By: Reuters     24th January 2022 Indonesian President Joko Widodo launched construction of a $2.3-billion coal gasification plant on Monday, in a bid to slash the country's liquefied petroleum gas (LPG) imports while optimising its coal resources. The plant is designed to utilise 6-million tonnes of low rank coal to produce 1.4... 

China lets in most of the Australian coal stranded at its ports

By: Bloomberg     24th January 2022 Most of the Australian coal used by steelmakers that was being held at Chinese ports in the wake of Beijing’s import ban has now been cleared, according to local research firm Fengkuang Coal Logistics, although there’s no sign that the halt on new shipments will be lifted. Customs data for the... 

South32 warns of global Covid impacts

By: Esmarie Iannucci     24th January 2022 Despite a strong December quarter, diversified miner South32 on Monday warned shareholders that labour shortages and freight bottlenecks would impact global operations this year. “We achieved a number of strong production results across our portfolio and realised significantly higher commodity... 

Eskom warns inflation-linked hike will trigger request for more government support 

By: Terence Creamer     21st January 2022 State-owned utility Eskom warns that an inflation-linked hike will force it to seek yet more support from the National Treasury, amid overwhelming calls for the energy regulator to reject its request for a 20.5% tariff hike from April 1 and to implement a single-digit increase instead.... 

Eskom CFO Calib Cassim
Photo by Creamer Media's Donna Slater
Eskom CFO Calib Cassim

Minergy edges closer to nameplate capacity at Botswana mine

By: Tasneem Bulbulia     21st January 2022 Botswana-based coal miner Minergy says in a voluntary update that is has made considerable progress toward reaching nameplate capacity of 125 000 t a month at its Masama coal mine during the six months to December 31. Among the milestones achieved during this period was producing the highest... 

India’s State power giant looks to coal imports to avoid crunch

By: Bloomberg     21st January 2022 India’s largest electricity producer is stepping up a campaign of coal imports as the nation seeks to avoid a new power crunch. State-run NTPC has sought about 10-million tons of overseas coal since it issued its first international tender in two years in October, according to documents posted... 

Coal soars to $300/t as Asia scrambles for power plant fuel

By: Bloomberg     21st January 2022 Coal prices are surging as traders in Asia scramble to snatch up winter supply amid fears of delayed deliveries from Indonesia and as a global energy squeeze continues. At least one cargo of Australian coal for February loading changed hands at $300 a metric ton on Friday, according to traders... 

An image of Ridley Terminal

PIC increases shareholding in Afrimat to 15.55%

By: Donna Slater     21st January 2022 Following a disposal of shares by UBI General Partner, in its capacity as general partner of the African Rainbow Capital Fund, the Public Investment Corporation (PIC) has bought additional shares in building materials, industrial minerals and bulk commodities company Afrimat. The PIC now holds a... 

Sam Molefi clinches promising contract for his impressive mining business  

By: Martin Creamer     21st January 2022 Modi Mining is a 100% black South African-owned company founded and owned by mining engineer and entrepreneur Samuel Molefi and entrepreneur Christina Motlapele Molefi. The company was established with the sole objective of rendering differentiated contract mining services and to be a supplier of... 

Picture supplied
Modi Mining MD Sam Molefi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Eskom seeks to show prudency of running diesel plants as its pegs cost of load-shedding at R9.53/kWh

By: Terence Creamer     20th January 2022 State-owned electricity producer Eskom sought to demonstrate the economic prudency of running the diesel-fuelled open-cycle gas turbines (OCGTs) harder to mitigate load-shedding during the fourth day of National Energy Regulator of South Africa (Nersa) public hearings into its latest allowable... 

Photo of a power line

Renewable alternatives critical to support Mpumalanga’s decarbonisation drive  

By: Tasneem Bulbulia     20th January 2022 The transformation and decarbonisation of the South African energy system is gathering momentum; however, a regional plan is required for the coal mining region of Mpumalanga, to prevent considerable economic and socioeconomic losses and ensure a just transition, and a push for renewable energy... 

Eskom says some industrial customers require ‘urgent’ assistance, but urges targeted subsidies 

By: Terence Creamer     19th January 2022 Eskom has acknowledged that urgent interventions are needed to assist certain large industrial customers, some of which are competing with international companies whose electricity is subsidised, to navigate the transition to cost-reflective electricity tariffs. In a presentation on the third day... 

Eskom CFO Calib Cassim at a previous Nersa hearing
Photo by Creamer Media's Donna Slater
Eskom CFO Calib Cassim at a previous Nersa hearing

Polish minister says Czechs to drop Turow complaint if deal signed

By: Reuters     19th January 2022 If the Czech government agrees to terms for resolving a dispute over the Turow lignite mine, it will withdraw its complaint to the European Union's top court, a Polish Minister said on Wednesday, striking an upbeat note about the latest round of talks. The two European Union neighbours have... 

NPA steps in as Optimum Coal Terminal interdict falls away

By: News24Wire      19th January 2022 The Johannesburg High Court has declined to grant a declaratory order sought by directors of the Gupta-linked Tegeta Exploration and Resources to prevent business rescue practitioners from progressing the rescue of Optimum Coal Terminal. The judgment, handed down on Tuesday, has, however,... 

Stanmore awards mining services contract

By: Esmarie Iannucci     19th January 2022 Coal miner Stanmore Coal has awarded a A$564-million mining contract at its Isaac Downs mine, in Queensland. The five-year opencut mining services contract was awarded to EPSA Pacific, marking a major milestone in moving the mine to full production, following the e completion of all regulatory... 

BHP adjusts copper and coal expectations

By: Esmarie Iannucci     19th January 2022 Diversified major BHP has adjusted its full year outlook for metallurgical coal and copper productions as tough conditions continued. The miner on Wednesday reported that full year copper production was trending towards the low end of the guidance range of between 1.59-million and 1.76-million... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Commodities giant Glencore hits decade high on price boom

By: Bloomberg     18th January 2022 Commodities giant Glencore hit the highest in almost a decade, driven by rallies in everything from metals to coal and optimism for a years-long supercycle. The world’s biggest commodity trader surpassed its 2018 intraday peak on Tuesday, valuing the Swiss company at about $74-billion. Like its... 

An image of Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Eskom sustains 20.5% request despite big updates to cost assumptions 

By: Terence Creamer     18th January 2022 State-owned electricity producer Eskom has submitted major updates to the cost assumptions included in its latest allowable revenue application but has nevertheless sustained its request for a 20.5% tariff hike for its upcoming 2022/23 financial year. In a presentation delivered on the second day... 

Eskom's OCGT power station at Atlantis in the Western Cape
Eskom requests more for diesel costs as it lowers EAF assumption for 2022/23 to only 62%

November mining production, sales up; Omicron to weigh on December stats

By: Donna Slater     18th January 2022 Mining production increased by 5.2% year-on-year in November, buoyed by a 38.1% rise in the production of platinum group metals (PGMs) – contributing 7.7 percentage points to the overall tally; and a 9.3% rise in iron-ore – contributing 0.8 of a percentage point, overall. Financial services... 

Hillside Aluminium could get green $0.03c/kWh lifeline by 2030 – Mallinson  

By: Martin Creamer     18th January 2022 It’s all about South Africa focusing attention on the generation and storage of its wonderful African sunshine and prime African wind. It’s all about going hammer and tongs for these three letters, SWS, which stand for solar, wind and storage ­– and eight hours of storage is all we need, which is... 

Picture provided from Creamer Media's Canto picture library
Energy consultant Clyde Mallinson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

China’s record coal spree seen preventing any new energy crunch

By: Bloomberg     18th January 2022 China is better prepared to avoid any energy supply crisis even with power demand forecast to continue to grow rapidly, authorities said. A 10% lift in demand last year triggered a supply crunch in the second half and caused widespread electricity shortages, prompting a raft of government action... 

Indonesia says 48 coal vessels so far released for export

By: Reuters     18th January 2022 Indonesia has so far allowed 48 coal export vessels to depart, a senior Trade Ministry official said on Tuesday, although the country's broader coal export ban remains in place until the end of the month. 

1
2 3 4 5 6 7 8 9
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now