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Coal News

Consol restarts West Virginia metallurgical coal project

By: Mariaan Webb     4th August 2021 US coal miner Consol on Tuesday announced that it would recommence work on the Itmann metallurgical coal project, in West Virginia, committing to move forward with the construction of a coal preparation facility that would start up in 2022. The development of the Ittman mine project, a low-vol... 

Winchester South EIS opens for comment

By: Esmarie Iannucci     4th August 2021 The Queensland government has encouraged submissions on the draft environmental impact statement (EIS) for ASX-listed Whitehaven Coal’s A$1-billion Winchester South metallurgical coal mine. At full capacity the mine is targeting run-of-mine production of up to 17-million tonnes a year of coal to... 

Disused coal mines have potential to heat homes with lower-carbon energy

By: Donna Slater     3rd August 2021 The UK Coal Authority posits that water from flooded coal mines has the potential to be used in the heating of UK homes and industry as a source of lower-carbon energy. In a December 2020 report, the authority states that mines are warmed by natural geothermal processes and, where the mines are... 

Coal-reliant South Africa is turning to gas power

By: Bloomberg     3rd August 2021 Power failures have become routine in South Africa. At the same time, the country wants to wean itself off the coal that generates more than 80% of its electricity and makes it the world’s ­twelfth‑biggest source of greenhouse gases. Most of South Africa’s power stations are near the end of their... 

Hydrogen plan isn’t very green under US infrastructure deal

By: Bloomberg     2nd August 2021 Building a hydrogen-based energy system in the US, which some analysts call key to fighting climate change, would be based largely on fossil fuels under the bipartisan infrastructure bill heading for a Senate vote. The legislation provides for $8 billion in spending to establish at least four... 

Hydrogen plan isn’t very green under US infrastructure deal

Other procurement plans not affected by RMIPPPP deadline delay to end Sept – DMRE  

By: Terence Creamer     2nd August 2021 The deadline for projects selected as preferred bids under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) to reach commercial close has been extended to September 30, from an initial deadline of the end of July. However, the Department of Mineral Resources and... 

Photo of Minister Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Minister Gwede Mantashe announced the initial end-July commercial-close deadline on March 18

Ongoing decline in Eskom’s coal performance drove another ‘intensive’ period of load-shedding in first half of 2021 

By: Terence Creamer     2nd August 2021 A continuing decline in the performance of the Eskom coal fleet drove yet another “intensive” period of load-shedding in South Africa during the first six months of 2021, when rotational power cuts were implemented for 650 hours, or 15% of the time. A new Council for Scientific and Industrial... 

Photo of an Eskom substation
Eskom substation

Weekly Coal Index Report

2nd August 2021 South Africa’s Eskom has presented its decarbonisation plans going forward, which sees gas, solar and wind as preferred future technologies, assisted by micro grids and battery storage. The old coal stations (Komati, Grootvlei and Camden) are likely targets for gas conversion but of course these... 

A graph showing the spot prices of coal in July 2021.

MC Mining’s Uitkomst lifts second-quarter output by 208% y/y

By: Donna Slater     30th July 2021 JSE-, Aim- and ASX-listed coal explorer and miner MC Mining reports that its Uitkomst colliery had produced 127 927 t of run-of-mine coal in the second quarter of this year – a 208% year-on-year increase. Production during the comparative period in 2020 was limited as a result of the South... 

Ramaphosa sees big green economy opportunity in ‘bold’ climate commitment  

By: Terence Creamer     30th July 2021 President Cyril Ramaphosa says it is time for South Africa to “grasp the nettle” and embark on a “transformative path” towards a climate-resilient society both to fulfil its moral obligations in the face of an intensifying crisis, but also to seize the economic and job opportunities that are... 

Photo of President Cyril Ramaphosa
President Cyril Ramaphosa

TerraCom reports fatality at South Africa mine

By: Reuters     30th July 2021 Australian coal miner TerraCom said on Friday a contractor had died at its South African mine on May 6, leading to an 11-day halt in operations at the time. The company in its production report disclosed that the fatality occurred at its 49%-owned New Clydesdale Colliery mine, but did not give... 

Allegiance raises A$30m for Alabama coal buy

By: Esmarie Iannucci     30th July 2021 ASX-listed Allegiance Coal will acquire US-based family owned Black Warrior Minerals (BWM), which owns the BWM mine in Alabama, having completed a A$30-million capital raise. Under the terms of the agreement, Allegiance would purchase the BWM mine for $4-million in cash and would replace the... 

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

BlackRock support sought in bid to end 5-month coal-mine strike

By: Bloomberg     29th July 2021 Coal miners from states including Alabama and West Virginia picketed outside BlackRock’s New York headquarters Wednesday in a bid to get the world’s largest asset manager to pressure Warrior Met Coal for better wages and employee benefits. About 120 miners and supporters descended on BlackRock’s... 

An image showing Members of the United Mine Workers of America picket during a strike against Alabama's Warrior Met Coal at the BlackRock offices in New York.
Members of the United Mine Workers of America picket during a strike against Alabama's Warrior Met Coal at the BlackRock offices in New York.

Wescoal’s output set to increase in the 2022 financial year

By: Marleny Arnoldi     28th July 2021 JSE-listed Wescoal has advised shareholders that it has started its 2022 financial year off well, delivering 2.24-million run-of-mine (ROM) tonnes in the quarter ended June 30. This compares with 2.2-million ROM tonnes produced in the quarter ended June 30, 2020, and 1.82-million ROM tonnes... 

Work on Isaac Downs to start next month

By: Esmarie Iannucci     28th July 2021 Construction on the A$82-million extension of the Isaac Plains metallurgical coal mine, in Queensland, is expected to start next month. Resources Minister Scott Stewart on Wednesday announced the final government approvals and go-ahead for Isaac Downs mine, a third mine on the Isaac Plains... 

Teck lowers FY coal guidance on BC wildfire rail disruptions

By: Mariaan Webb     28th July 2021 Canadian diversified mining major Teck Resources has lowered its full-year guidance for metallurgical coal by half-a-million tonnes, owing to wildfires in British Columbia disrupting coal transportation. The full-year coal guidance has been lowered to between 25-million and 26-million tonnes and... 

Bowen's scoping studies prove up

By: Esmarie Iannucci     28th July 2021 Scoping studies into the Broadmeadow East and Isaac River opencut coking coal projects, in Queensland, has proven positive for junior Bowen Coking Coal. The ASX-listed company on Wednesday reported that the results of a first stage independent scoping studies have indicated a run of mine (ROM)... 

Sasol says its energy business delivers satisfactory full-year performance

By: Schalk Burger     27th July 2021 Integrated energy and chemicals multinational Sasol's energy business had delivered a satisfactory performance, in line with expectations, for the financial year ended June 30. The company on July 27 reported that its integrated value chain had benefitted from higher oil prices in the second half... 

If done responsibly, coal mining can add value to economies – panel

By: Marleny Arnoldi     27th July 2021 JSE-listed coal trader Thungela Resources CEO July Ndlovu says it has been a polarising year for the coal industry, with many opposing views on the commodity and the way forward for the industry. For him, the “just transition” represents not simply a switch from fossil fuels to renewables for... 

Cutting coal not as clear-cut as some wish, says analyst

By: Marleny Arnoldi     27th July 2021 Although climate and environmental concerns have resulted in an energy policy that shies away from fossil fuels, demand for coal remains prevalent in many parts of the world, XMP Consulting senior coal analyst Xavier Prévost has said. Speaking during the Coal Industry Day 2021 conference, which... 

Exxaro rolls out vaccination drive at Matla mine

By: Schalk Burger     27th July 2021 Diversified miner Exxaro Resources has launched a Covid-19 vaccination rollout programme at its Matla coal mine, in Mpumalanga. The launch of the rollout programme is part of a national campaign under the auspices of Department of Health and in partnership with the Mpumalanga Department of Health... 

China avoids coal projects in Belt and Road for first time

By: Bloomberg     27th July 2021 China didn’t finance any coal projects via its Belt and Road Initiative in the first half, the first time that’s happened since the plan was launched in 2013, the International Institute of Green Finance said in a report. The lack of funding from China for the dirtiest fossil fuel comes amid... 

Technology will secure coal’s place in a sustainable future, says WCA

By: Marleny Arnoldi     27th July 2021 In opening the Coal Industry Day 2021 on July 27, mining entrepreneur Bernard Swanepoel said the coal industry remains a significant revenue, jobs and energy contributor to the South African economy. He added that a complete faze-out scenario of coal-fired power generation was still decades away.  

Exxaro wheel loader

Australia's Stanmore gets approval to develop Queensland coal project

By: Reuters     27th July 2021 Australian coal producer Stanmore Resources said on Tuesday it received permits for mining leases from the Queensland state government to start work on its Isaac Downs project. The government issued leases for the project even as Australia's coal industry faced dwindling support and access to... 

Teck quarterly profit rises 4% on higher copper prices

By: Reuters     27th July 2021 Canadian miner Teck Resources said on Tuesday that quarterly adjusted profit rose 4% sequentially, driven by record-high copper prices. A global demand recovery from the Covid-19 pandemic, strong liquidity injections and tightened supplies have pushed copper prices to all-time highs in the... 

Teck quarterly profit rises 4% on higher copper prices

Anglo Platinum evaluating multiple renewable energy forms  

By: Martin Creamer     26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... 

A side view of the Amplats CEO during the July 2021 results presenetation.
Anglo American Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sasol partners with Mpumalanga govt, launches five-day vaccination drive

By: Yvonne Silaule     26th July 2021 Energy and chemicals company Sasol's Secunda operations has, in partnership with the Mpumalanga government, launched a five-day Covid-19 vaccination drive, starting on July 26. This formed part of the preparation for the operations' upcoming annual maintenance shutdown taking place from August 30... 

G-20 Ministers stumble over coal

By: Bloomberg     26th July 2021 Environmental Ministers from the Group of 20 nations were unable to reach full agreement on key climate goals, just 100 days before a critical international conference kicks off. Even after marathon negotiations that ran through the night, the ministers couldn’t find common ground on phasing out... 

Weekly Coal Index Report

26th July 2021 Australian coal prices continue to firm as the Newcastle vessel queue sticks above 40, ensuring the FOB spread remains well over U$25 in favour of Australian coal. However, at around US$150, Newcastle prices may have topped out for now. Chinese domestic prices are also a little softer, after a... 

Image of the African Source markets logo

Report calls for freeze on new coal, warns of risks if energy transition is delayed  

By: Terence Creamer     23rd July 2021 South Africa should freeze investment in new private coal plants, as delaying South Africa’s “inevitable” transition away from the carbon-emitting energy mineral will cause economic damage, a new Trade & Industrial Policy Strategies (TIPS) analysis on the country’s coal value chain states.... 

An image of a coal mining vehilce with a power station in the background.

Thermal coal prices to weaken by the end of this year, says Fitch Solutions

By: Simone Liedtke     23rd July 2021 Fitch Solutions Country Risk and Industry expects thermal coal prices to peak during the third quarter of this year and then weaken “substantially” by the end of the year. In spite of this forecast, the research firm increased its average price forecast for the year to $85/t, up from $72/t... 

Funding needed for Korean projects

By: Nadine Ramdass     23rd July 2021 Privately owned polymetallic mining company Korean Metals (KME) is seeking to increase funding for the development of its projects in South Korea. KME has cost effectively established a portfolio of high-grade polymetallic projects having conducted exploration, compiled detailed technical reports... 


UISEONG PROJECT
Rhyodacite dome intrusion
UISEONG PROJECT Rhyodacite dome intrusion

Asia’s diverse, vast resources offer opportunity

By: Nadine Ramdass     23rd July 2021 The Asian mining and natural resources industries are multifaceted and unique to each sub region, and country. The continent’s vast natural resources have not yet been fully optimised. “Asia is the largest continent with extremely diverse geographical sub regions, and countries within those... 

WARREN BEECH
Asia is diverse, with vast natural resources
WARREN BEECH Asia is diverse, with vast natural resources

Company provides custom service packages

By: Nadine Ramdass     23rd July 2021 Explosives and blasting services provider BME Indonesia are providing the Indonesian mining industry with packages that can be customised based on the industries’ and customers’ requirements. This is beneficial to Indonesia in operational sense in that it entails safe and efficient blasting,... 

An image/photo of BME Indonesia staff and trucks
BME INDONESIA Indonesia’s attractive market encouraged BME investment

South Korea attractive for exploration spend

By: Nadine Ramdass     23rd July 2021 South Korea has numerous advantages that make it attractive for exploration investment, says privately owned polymetallic mining company Korean Metals (KME) MD Chris Sennitt. KME directors have field-checked historical mines and deposits and operated in Korea for over 26 years, enabling KME to... 

ONSAN REFINERIES AND PORT INFRASTRUCTURE
Domestic companies have focused on refining
ONSAN REFINERIES AND PORT INFRASTRUCTURE Domestic companies have focused on refining

Sasol joins the Hydrogen Council

By: Yvonne Silaule     22nd July 2021 Chemicals and energy company Sasol has joined the Hydrogen Council, with the aim to help secure the future of hydrogen in South Africa The Hydrogen Council is a global CEO-led initiative consisting of more than 120 companies from across the hydrogen value chain, with a united vision and long-term... 

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