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Coal News
India’s SCCL developing greenfield underground coal mine
By: Ajoy K Das Updated 4 hours ago Moving against a general trend among Indian miners of closing down underground mines, State-run Singareni Collieries Company Limited (SCCL) has started work on developing a new underground mine in the southern state of Telangana. SCCL will develop the Kalyani Khani-6 Incline block in Telangana... →
India to surpass China as largest importer of coking coal by 2025
By: Marleny Arnoldi 23rd May 2019 Fitch Solutions maintains its forecast for an average coking coal price of $195/t for this year, stating that prices will remain elevated, with strong demand from China’s steel sector, as US–China relations continue to deteriorate and the probability rises of further economic support from the... →
Vanggatfontein to ramp up to full output two weeks ahead of schedule
By: Tasneem Bulbulia 22nd May 2019 JSE-listed Wescoal on Wednesday said it had resumed coal mining, handling and processing activities at the Vanggatfontein mine as of May 20 and that the mine was expected to ramp-up to full production in early June – two weeks ahead of schedule. In late April, the coal producer was forced to halt... →
Eskom keeps investors in the dark as debt speculation mounts 
By: Bloomberg 22nd May 2019 As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-billion of bond and loan debt, according to... →
Alcoa considering tourism for Anglesea site
By: Esmarie Iannucci 22nd May 2019 Aluminium major Alcoa and a UK-based educational and environmental charity, The Eden Project, have teamed up to investigate the possibility of turning Alcoa’s former Anglesea mine site, in Victoria, into a tourist attraction. The two companies were planning to transform an area within the former... →
Qld Premier ‘sick’ of Adani delays
By: Esmarie Iannucci 22nd May 2019 Queensland Premier Annastacia Palaszczuk has instructed the Coordinator-General to set a timetable for the resolution of two outstanding approvals for Indian major Adani’s proposed Carmichael coal mine, saying she was “sick” of the delays. “The community is sick of it, I’m sick of it, everyone... →
Sasol to accelerate $2bn asset disposal plan as capex on US project leaps by another $1.3bn
By: Terence Creamer 22nd May 2019 Energy and chemicals group Sasol, which announced another large increase in the capital cost of its Lake Charles Chemicals Project (LCCP) being built in the US, will accelerate its $2-billion noncore asset disposal programme and will used the proceeds to deleverage its balance sheet. Joint... →
Joint presidents and CEOs Bongani Nqwababa and Stephen Cornell
Adani commits to invest Abbot Point water monitoring equipment
By: Esmarie Iannucci 21st May 2019 The Queensland government has ceased court proceedings against Indian major Adani relating to stormwater release during Cyclone Debbie in 2017, with Adani agreeing to invest in water monitoring equipment at the Abbot Point Operations. The Department of Environment previously claimed at the Abbot... →
Indian electricity regulator revives compensatory facility for coal-importing power companies
By: Ajoy K Das 20th May 2019 The Indian electricity regulator has amended rules to revive an erstwhile window through which domestic thermal power generation companies were able to claim compensation for the additional costs of importing coal in the case that State-miner Coal India Limited’s (CIL’s) failed to meet supply... →
Controversial Australia coal mine boosted after shock vote
By: Bloomberg 20th May 2019 A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel. Adani Group’s Carmichael coal project is located in Australia’s huge Galilee... →
Confidence and investment returning to British Columbia’s mining industry
By: Creamer Media Reporter 17th May 2019 The performance of British Columbia mining companies are mirroring the return of confidence to the global industry, with the mining sector of Canada’s westernmost province posting positive results for the second consecutive year. PricewaterhouseCooper (PwC) Canada’s ‘BC Mine’ report states that... →
Modernisation process could assist economic prosperity
By: Nadine James 17th May 2019 The industry needs to modernise, “but let’s be clear about what modernisation is not – it is not simply mechanisation, it is far more than that”, says Minerals Council South Africa modernisation and safety senior executive Sietse van der Woude, He describes it, instead, as a process of transition... →
Minerals Council getting closer to communities
By: Nadine James 17th May 2019 The Minerals Council South Africa has established two pilot regional offices as part of its broader aim to enhance community relations, says Minerals Council public affairs and transformation senior executive Tebello Chabana. Minerals Council social performance head Alex Khumalo explains that the... →
I-CAT finalises dust management project in Guinea
By: Jessica Oosthuizen 17th May 2019 Environmental consultancy and product developer I-CAT finalised a dust management project on a bauxite mine – a first for the company – in Guinea last month. “This is a different ore than what we are used to – it was unique . . . and we have been successful,” I-CAT divisional manager Morné van... →
Junior-specific Charter III provisions will boost growth
By: Nadine James 17th May 2019 The Minerals Council South Africa facilitated the inclusion of junior-specific provisions in Mining Charter 3, gazetted in September last year, says Minerals Council Junior and Emerging Miners Desk head Grant Mitchell. He notes that the provisions will assist the stability and growth of the... →
Power Africa moves towards its goal of bringing more energy to the continent
By: Kim Cloete 16th May 2019 Power Africa, which was launched by former US President Barack Obama six years ago, is working towards its target of providing energy access to an additional 60-million new homes and businesses and adding 30 000 MW of cleaner, more efficient electricity generation capacity on the African... →
Coal market's rare bright spot tempts yet another US producer
By: Bloomberg 16th May 2019 Add Contura Energy to the list of coal companies planning new mines, fueling concerns of a glut. The Bristol, Tennessee-based miner said Wednesday it would invest $25-million to $30-million in the Lynn Branch mine in West Virginia and begin production next year. It’s expected to eventually yield... →
Finding fossil fuel investors is becoming harder, says Hadebe 
By: Kim Cloete 14th May 2019 With a crackdown on carbon emissions, it is becoming increasingly difficult to find investors that support fossil fuels, says Eskom CEO Phakamani Hadebe. “The truth is, how will we fund fossil fuels if we remain on them? The trend in financial markets is that you see fewer and fewer investors... →
Eskom CEO Phakamani Hadebe
Edenville restarts activities at Rukwa after securing funding
By: Tasneem Bulbulia 14th May 2019 Aim-listed Edenville Energy has recently received the proceeds of £100 000 from a share placement and expects to receive the net proceeds from a conditional offer to raise a further £410 000 shortly and has, therefore, restarted a number of activities at its Rukwa coal project, in south-west... →
President's correct, S Africans need to act together to realise economic opportunities – Baissac 
By: Martin Creamer 14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... →
Release of updated IRP imminent, says Radebe, as he allays coal producers' fears
By: Kim Cloete 14th May 2019 Energy Minister Jeff Radebe has promised that the update of the Integrated Resource Plan, which reflects the government’s policy blueprint for the power sector, will be concluded "very shortly". He told delegates attending the African Utility Week and PowerGEN Africa forum, in Cape Town, on... →
Energy Minister Jeff Radebe
A$1bn Olive Downs coking coal mine cleared for development
By: Esmarie Iannucci 14th May 2019 The Queensland government has approved the proposed A$1-billion Olive Downs metallurgical coal mine being developed by Pembroke Resources. The Stage 1 project is expected to require a capital spend of A$450-million and will produce 4.5-million tonnes a year of steelmaking coal, which will be... →
Global energy investment out of step with security of supply, climate needs
By: Terence Creamer 14th May 2019 A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report,... →
Queensland holds up Adani mine with fresh groundwater review
By: Esmarie Iannucci 13th May 2019 The Queensland Department of Environment and Science (DES) has launched a further review of the groundwater management plan for Indian major Adani’s $16.5-billion Carmichael coal project. The federal government in April approved the groundwater plan based on an independent assessment from the... →
Zimbabwe starts rolling power cuts, hitting mines, industry
By: Reuters 13th May 2019 Zimbabwe has started rolling power cuts lasting up to eight hours that will also hit mines, a schedule from the State power utility showed on Monday, after reduced output at both the largest hydropower plant and ageing coal-fired generators. The power cuts will add to mounting public anger... →
World's coal miners may be digging themselves into another glut
By: Bloomberg 13th May 2019 A global push to dig new mines for steelmaking coal is drawing warnings that a supply glut could push the industry from a boom to a bust, mirroring the brutal 5-year price slump that ended in 2016. Coal’s use to generate electricity has declined precipitously in the US despite a revival push by... →
Bids open for Optimum, Koornfontein coal mines
By: Marleny Arnoldi 10th May 2019 The business rescue practitioners (BRPs) for the Optimum coal mine and the Koornfontein mines have put the assets back up for sale. The BRPs, along with major creditors, have set the closing date for the structured sales process at June 18. →
Eskom task team mulling new debt-relief options as it comes to terms with depth of crisis
By: Terence Creamer 10th May 2019 The Eskom Sustainability Task Team – which has already had its proposal for the unbundling of the utility into three separate units accepted by government – is now finalising an updated report for President Cyril Ramaphosa which will include a financial recovery plan for the State-owned entity.... →
Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal
By: Bloomberg 10th May 2019 Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of its climate dilemma. British Columbia’s premier city prides itself on its green bona fides. The province is the birthplace of Greenpeace, ushered in... →
Adani sees India coal imports at record as demand endures
By: Bloomberg 10th May 2019 India’s thermal coal purchases are expected to surge to a record this year and remain robust through the next decade as domestic supply lags demand, according to the country’s largest importer. Overseas shipments will climb almost 11% to 184-million metric tons during the financial year started... →
TerraCom launches A$63m refinancing
By: Esmarie Iannucci 10th May 2019 Coal miner TerraCom on Friday unveiled a A$63-million capital restructure, consisting of a A$35-million capital raise and a $20-million convertible bond. The ASX-listed company would raise some A$35-million through an entitlement offer, priced at 58c a share, under which eligible shareholders... →
Upgrades to Khanye colliery complete
By: Cameron Mackay 10th May 2019 Upgrades to private investment company Menar’s rail siding for its Khanye colliery, near Bronkhorstspruit in Gauteng, are complete. The colliery is the company’s most recent opencast mine brought into full production. The greenfield project included the construction and commissioning of a 400 t/h... →
China to promote capacity restructuring in steel, coal, coal-fired power
By: Reuters 9th May 2019 China will encourage mergers and restructuring in the steel, coal and coal-fired power sectors this year as part of its campaign to mainstream heavy industry, the country's economic planner said in a statement on Thursday. China will eliminate all "zombie firms" by forcing them to write off or... →
Hancock proves successful in Riversdale bid
By: Esmarie Iannucci 8th May 2019 Australian iron-ore major Hancock Prospecting has gained a shareholding of more than 85% in Canadian takeover target Riversdale Resources, triggering an increased offer price. Hancock earlier this week increased its cash offer for the unlisted Canadian coal company from A$2.20 a share to A$2.70... →
South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue
By: Terence Creamer 7th May 2019 South African Federation of Trade Unions general-secretary Zwelinzima Vavi has called for urgent social dialogue on South Africa’s “inevitable” energy transition from coal to renewable energy, warning that the country’s current framework will fail to deliver a just outcome for workers and poor... →
Saftu general-secretary Zwelinzima Vavi
Worley creating a force for the future of resources and energy
By: Martin Creamer 7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... →
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.
Wescoal focuses on production restoration, increasing output amid challenging environment
By: Simone Liedtke 7th May 2019 JSE-listed mining group Wescoal, headed up by CEO Reginald Demana, has said its focus, moving forward, will be on restoring production and increasing output from existing operations, while also focusing on cost containment and operational business partner risks. The overall economic climate... →
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