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Coal News

Teck looks to boost Chinese coal sales amid stalled Australian shipments

By: Reuters     Updated 7 hours ago Canada's Teck Resources looks to boost shipments of steelmaking coal to China next year, CEO Don Lindsay said on Tuesday, hoping to take advantage of unofficial curbs on Australian imports that have stranded dozens of shipments. China has unofficially banned Australian coal imports since October... 

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

Lack of publicly available cadastre impeding future mining potential – Miller
Photo by Creamer Media
AmaranthCX director Paul Miller

Metal prices expected to average higher in 2021 amid recovery from Covid-19 – Fitch Solutions

By: Donna Slater     1st December 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment in 2021 with nearly all mineral and metal prices forecast to average higher on a... 

Colombia coal production down 47% year-on-year in Q3

By: Reuters     1st December 2020 Coal production in Colombia, the world's fifth-largest exporter of the fuel, fell 47.2% in the third quarter amid a national coronavirus lockdown and an ongoing strike at a major mine, according to Reuters calculations using government figures released on Monday. The South American country... 

MC Mining requests repayment period extension from IDC 

By: Simone Liedtke     30th November 2020 Coal miner MC Mining has submitted a formal application to the Industrial Development Corporation (IDC) of South Africa to extend the repayment period for its loan facilities with the institution. The IDC has since acknowledged the application, but no agreement has been reached yet between the... 

Weekly Coal Index Report

30th November 2020 The legendary fourth-quarter coal price rally is back with a vengeance. Most coal markets saw exceptionally bullish, almost Bitcoin-like, price rallies last week. It seems one can’t blame it on the British either, for firing up some of their old coal plants again to stabilise their power grid... 

Weekly Coal Index Report

New Hope expansion a step closer

By: Esmarie Iannucci     30th November 2020 Coal miner New Hope has again called on the Queensland government to approve the New Acland Stage 3 expansion, after the federal government approved its groundwater management and monitoring plan (GMMP) last week. The GMMP approval was the final approval required at a federal level. 

Edenville warns of potential capital constraints

By: Marleny Arnoldi     27th November 2020 Aim-listed Edenville is nearing the maturity of a funding agreement it signed with Lind Partners in November 2018 for $580 000. The company advised in a statement published on November 27 that it had entered into discussions with Lind on repayment terms.  

Waterberg, potable water from AMD, economic growth make headlines  

27th November 2020 Mining Weekly Editor Martin Creamer unpacks Platinum Group Metals’ objective to move the Waterberg project to a development and construction stage; An Mpumalanga coal mine is on the point of turning acid mine drainage into potable water at no cost; and the need for South African to focus on... 

Waterberg, potable water from AMD, economic growth make headlines
Waterberg, potable water from AMD, economic growth make headlines

Mining contractor employee killed in accident at Wescoal's Moabsvelden

By: Creamer Media Reporter      27th November 2020 Coal miner Wescoal reports that an employee of Trollope Mining Services 2000 (TMS), the mining contractor at Moabsvelden mine, has succumbed to his injuries following a trackless mobile machinery incident that occurred at the mine on November 25. “Wescoal and TMS are saddened by the loss of one... 

Safe, custom-made ERCs increase safety

By: Theresa Bhowan     27th November 2020 Increased scrutiny on mine safety and targets for zero harm have ensured that emergency refuge chambers (ERC) have become vital to mining operations, and mining safety solutions provider Strata Worldwide has launched its new Global ERCX model. “This new ERC design uses a new manufacturing process... 

Safe, custom-made ERCs increase safety
SAFE KEEPING Strata ERCs safeguard mineworkers if they get trapped underground or if the air-quality in the mine is compromised

Australia seeks to break China coal stalemate as tensions rise

By: Bloomberg     26th November 2020 Prime Minister Scott Morrison said he’s appointed his “best people” to work on breaking a stalemate that’s seen more than 50 ships laden with Australian coal stranded off Chinese ports, as tensions between the trading partners increase. More than $500-million worth of Australian coal and about... 

Australia seeks to break China coal stalemate as tensions rise

Cerrejon, union to hold technical talks on proposed work schedule

By: Reuters     25th November 2020 Colombian coal miner Cerrejon and its largest workers union will hold technical talks about a controversial proposed work schedule, the company said on Tuesday, so contract talks can move on to other issues behind a more than 80-day strike. The strike began on August 31 after Cerrejon and union... 

Cerrejon, union to hold technical talks on proposed work schedule
The Cerrejon coal mine

There’s $500m of coal on anchored ships off China’s coast

By: Bloomberg     25th November 2020 More than $500-million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries cuts into trade, idles a portion of the world’s dry bulk carriers and threatens to spiral into a humanitarian crisis. More than 50 vessels have been waiting a... 

There’s $500m of coal on anchored ships off China’s coast

De Ruyter calls for upscaling of power procurement plans as he questions whether coal IPP will proceed 

By: Terence Creamer     24th November 2020 Eskom CEO Andre de Ruyter has again called on government to open the way for the procurement of more new electricity capacity in addition to the 11 800 MW outlined in a recently gazetted Ministerial determination, cautioning that the 1 500 MW of new coal included in the determination is unlikely... 

De Ruyter calls for upscaling of power procurement plans as he questions whether coal IPP will proceed
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exxaro launches new supplier development programme

By: Simone Liedtke     23rd November 2020 JSE-listed diversified mining company Exxaro has announced a new supplier development partnership with the University of Pretoria’s Gordon Institute of Business Science (GIBS). The two organisations are launching a new contractor development programme, which aims to promote and support the... 

Exxaro launches new supplier development programme

Anglo American invests at Aquila

By: Esmarie Iannucci     23rd November 2020 Diversified miner Anglo American will invest more than A$240-million at its Aquila metallurgical coal project, in Queensland, to extend the mine life of the existing Capcoal underground operations by six years. The company has awarded nearly A200-million to six longwall equipment suppliers to... 

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination 

By: Terence Creamer     23rd November 2020 The National Energy Regulator of South Africa (Nersa) has given stakeholders until February 5 to comment on a Section 34 determination received from Minerals Resources and Energy Minister Gwede Mantashe for the procurement of new nuclear capacity post-2030. The draft determination delivered to... 

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination

Teck restructures sales book to target more China sales

By: Mariaan Webb     23rd November 2020 Coking coal major Teck Resources has announced that it is restructuring its sales book for next year to target higher sales to China, where prices have increased on the back of rising demand. The Canadian major is targeting Chinese sales of 7.5-million tonnes in 2021, which it aims to sell at... 

Teck restructures sales book to target more China sales

Weekly Coal Index Report

23rd November 2020 Coal markets had a volatile week, as Chinese import restrictions may be lifted, whilst severe weather is affecting Newcastle port loadings. RB1 prices rallied slightly although the ZAR continues to strengthen, despite further sovereign credit downgrades by Moody’s. Chinese officials are... 

Weekly Coal Index Report

MACA appoints receivers for Carabella funds

By: Esmarie Iannucci     20th November 2020 Mining contractor MACA has appointed receiver managers over the A$34.7-million owed from embattled coal miner Carabella Resources for work performed at its Bluff project, in Queensland. The Bluff project moved into care and maintenance at the end of October this year on the back of falling coal... 

Climate Transparency questions South Africa’s commitment to phasing out coal

By: Marleny Arnoldi     18th November 2020 A report by Climate Transparency has cautioned the Group of Twenty (G20) countries against quick-fix Covid-19 stimulus packages that favour fossil fuel industries. The global partnership has a shared mission to stimulate a “race to the top” in climate action in the G20 countries through enhanced... 

Petmin hopeful of resolving Somkhele mine expansion obstacles soon

By: Donna Slater     18th November 2020 Anthracite miner Petmin has reiterated its hope that community issues and two court cases can be overcome and dealt with so that it can progress with the expansion of its Somkhele anthracite mine, about 85 km north of Richards Bay, in KwaZulu-Natal. Expansion of the mine has been hotly contested... 

Wescoal starts retrenchment process as low domestic, export demand persists

By: Creamer Media Reporter      18th November 2020 Coal miner Wescoal has started the process to implement group-wide retrenchments, noting that this is necessary in light of lower demand from key customers, a lower selling price, above-inflation cost increases and the negative impact of Covid-19 on the company, which has necessitated a... 

Sasol's board agrees to 20% fee reduction

By: Reuters     18th November 2020 South Africa's Sasol said on Wednesday its board agreed to a 20% cut in the fees proposed for approval at its 2020 annual general meeting due to erosion of shareholder value over the past two years and challenges still facing the petrochemical firm. The fee reduction will remain in place until a... 

More than 60 power firms signal intention to bid into ‘emergency’ scheme – IPP Office 

By: Terence Creamer     17th November 2020 South Africa’s Independent Power Producer (IPP) Office reported on Tuesday that more than 60 respondents had signalled their intention, by the October 31 deadline for doing so, to participate in the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), through which... 

More than 60 power firms signal intention to bid into ‘emergency’ scheme – IPP Office
Photo by Creamer Media's Donna Slater
IPP Office CEO Tshifhiwa Bernard Magoro

Eskom moves to finalise just energy transition framework as shutdown of Grootvlei, Komati and Hendrina draws near 

By: Terence Creamer     17th November 2020 State-owned power utility Eskom expects to complete its socioeconomic impact studies by the end of March for the planned shutdown of the Grootvlei, Komati and Hendrina power stations, in Mpumalanga, which are the first of ten coal plants scheduled for decommissioning by 2040. The decommissioning... 

Eskom moves to finalise just energy transition framework as shutdown of Grootvlei, Komati and Hendrina draws near

China launches yearlong campaign of coal-mining safety checks

By: Reuters     17th November 2020 China has launched a safety inspection effort targeting all working coal mines and coal-mining projects after several recent fatal accidents, a statement by its State Council, or Cabinet, showed on Tuesday. The world's largest coal miner and coal consumer reported more than 100 coal mining... 

New Hope remains hopeful

By: Esmarie Iannucci     17th November 2020 Coal miner New Hope Corporation on Tuesday told shareholders that it would re-enter negotiations with the newly appointed Minister for Resources in Queensland, in the hopes of clearing the final hurdle for the Stage 3 expansion of the New Acland mine. “We are hopeful there won’t be a need to... 

New Hope remains hopeful

Resgen gets extended repayment date, more funds from Noble

By: Marleny Arnoldi     16th November 2020 ASX-listed Resource Generation (Resgen) has reached an in-principle agreement with Noble Group for it to provide additional working capital to Resgen’s partly-owned subsidiary Ledjadja Coal. The agreement is effectively an extension to a facility agreement between the companies dated March 2014.  

Glencore to lay off contractors at Australia's Hunter Valley on market downturn

By: Reuters     16th November 2020 Glencore, the world's biggest thermal coal trader, said on Monday it plans to lay off contractors at its coal operations in Australia's New South Wales state due to a prolonged market downturn. Contractors at the Hunter Valley Operations (HVO) will depart next month, Glencore said in a... 

Weekly Coal Index Report

16th November 2020 Physical RB1 coal enjoyed a strong rally last week, driven by firmer prices for December loadings. Spot prices shifted up significantly, whilst the discount with API#4 narrowed as well, reflecting the stronger physical demand. However, the discounts for lower-grade coal, such as RB3, increased.... 

Weekly Coal Index Report

Colombia coal mine Cerrejon requests arbitration to end strike

By: Reuters     16th November 2020 Colombian coal mine Cerrejon on Friday requested the Labor Ministry convene an arbitration tribunal to solve a dispute with its largest workers' union and lift a more than 70-day strike. The strike began on August 31 after Cerrejon and union Sintracarbon were unable to reach agreements over pay... 

Colombia coal mine Cerrejon requests arbitration to end strike

Opinion: Breathing fresh air into old coal power stations

13th November 2020 In this opinion piece, Wärtsilä South African business development manager Wayne Glossop writes about the benefits of converting old coal-fired power plants to modern gas engine power plants. AGL Energy Limited undertook a successful transformation of an old coal plant to a modern flexible gas... 

Stranded coal ships in crosshairs of China-Australia spat

By: Bloomberg     13th November 2020 At least 20 giant bulk carriers are anchored off the Chinese port of Jingtang and unable to offload millions of tons of Australian coal, the latest casualty of the growing diplomatic row between Canberra and Beijing. Fifteen of the ships have been waiting since June, and the remainder have been... 

Stranded coal ships in crosshairs of China-Australia spat

Contura finds buyer for Cumberland mine

By: Mariaan Webb     12th November 2020 Tennessee-based coal supplier Contura Energy has found a buyer for the Cumberland mine, which it had planned to close in 2022. The company on Thursday announced that it would sell the mine in Greene county, as well as other Pennsylvania assets, to Iron Senergy in an equity transaction, which... 

Contura finds buyer for Cumberland mine
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