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Coal News
India’s Coal Ministry sets growth target for CIL
By: Ajoy K Das Updated 2 hours 48 minutes ago India’s Coal Ministry has set a production target of 655-million tonnes for State-run miner Coal India Limited (CIL) for 2019/20. This compares with production of 607-million tonnes achieved by CIL during 2018/19, which is a shade below the 610-million-tonne target set by the Ministry for the year. →
Vanggatfontein coal deliveries to Eskom interrupted as striking miners dismissed
By: Simone Liedtke Updated 3 hours ago Production at Wescoal’s Vanggatfontein mine, in Mpumalanga, will be suspended for six to eight weeks after the mining contractor dismissed its 274 employees at the mine following unlawful industrial action – that turned violent – earlier this month. The mining contractor and Wescoal have, on... →
South Africa brings forward Eskom bailout to avert default
By: Reuters 23rd April 2019 South Africa's government has had to bring forward the bailout of state power firm Eskom, after it rushed R5-billion to the struggling utility earlier this month to avert a default and said more cash could be needed soon. Eskom supplies more than 90% of electricity in Africa's most advanced... →
Mining sector’s pursuit of ‘zero harm’ continues
By: Simone Liedtke 19th April 2019 The South African mining industry has continuously recommitted to the shared aspiration of zero harm, which aims to ensure that mineworkers return home from work unharmed every day. While there was an 86% decline in the number of fatalities from 1994 to 2016, the death of 90 mineworkers marked a... →
Sasol reports stabilisation in synfuels output 
By: Terence Creamer 18th April 2019 Chemicals and energy group Sasol reports that output at its Secunda Synfuels Operations (SSO) stabilised in the third quarter, following the total shutdown of the West factory during the first half of its 2019 financial year, which had negatively affected production. In a note to shareholders,... →
A$1bn Winchester South coal project to boost Queensland jobs
By: Esmarie Iannucci 18th April 2019 The A$1-billion Winchester South metallurgical coal project has been declared a Coordinated Project by the Queensland government’s independent Coordinator-General. The opencut mine, which will have a targeted run-of-mine production rate of 15-million tonnes a year of high-quality metallurgical... →
Glencore’s Jeff Gerard appointed Katanga CEO
By: Simone Liedtke 18th April 2019 TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International’s Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. Gerard’s appointment follows the signing of a management services agreement between Katanga and Glencore in January.... →
Ncondezi receives shareholder loan conversion notice
By: Simone Liedtke 18th April 2019 Aim-listed Ncondezi Energy has received a shareholder loan conversion notice for 764 165 shares from lenders to be converted at a conversion price of 10p a share. Admission of these shares on Aim is expected to take place on April 26. →
Kibo appoints Wimmer as adviser for African project financing
By: Tasneem Bulbulia 17th April 2019 Kibo Energy has signed a corporate finance engagement letter with Wimmer Financial, which will advise Kibo on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to $900-million which could form part of a broader funding... →
Miners behind pre-poll South African stock rally not done yet
By: Bloomberg 17th April 2019 South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet. The FTSE/JSE Africa Mining Index has gained 22% as of April 16 and is close to an eight-year high, helping South Africa’s benchmark gauge advance 12% as investors show few... →
Eskom CEO says 'days of surprises' over as problems exposed
By: Bloomberg 17th April 2019 Almost 15 months into the job, and the boss of South Africa’s state-owned electricity company is getting to grips with issues spanning corruption to defective power plants that threatened to collapse the grid. “The days of surprises are over,” Eskom Holdings CEO Phakamani Hadebe said in an... →
Appeal against environmental authorisation for MC Mining's Makhado project dismissed
By: African News Agency 17th April 2019 Coal mining company MC Mining said on Wednesday appeals against an amendment to an environmental authorisation for its Makhado project allowing for the transportation of coal to Musina by road rather than rail had been dismissed. MC Mining's subsidiary Baobab Mining & Exploration is developing... →
MC signs coal offtake agreement for Makhado thermal coal
By: Creamer Media Reporter 16th April 2019 ASX-, Aim- and JSE-listed MC Mining's Limpopo Coal Company subsidiary has entered into a sale and purchase agreement with one of the world's largest producers and marketers of bulk commodities for the offtake of export quality thermal coal to be produced during Phase 1 of the Makhado project, in... →
MC CEO David Brown
Activists push South African pension funds to tally climate costs
By: Bloomberg 15th April 2019 Pension funds in South Africa have a legal obligation to account for the financial effects of climate change on their investments, according to two groups lobbying money managers to pay closer attention to the issue. Shareholder activists Just Share and environmental law organisation ClientEarth... →
Exxaro reaffirms health, safety goals at Sustainability Summit
By: Simone Liedtke 12th April 2019 Empowered diversified miner Exxaro Resources on Friday reaffirmed its safety, health and environmental goals at its yearly Sustainability Summit, held in Lephalale, Limpopo. The summit is being held soon after the group celebrated a 24-month fatality-free milestone. →
Mantashe urges continued investment in clean coal tech 
By: Tasneem Bulbulia 12th April 2019 Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery. He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is... →
Lemur invites EPCTC contractors to tender for Imaloto project
By: Marleny Arnoldi 12th April 2019 Aim-listed Bushveld Minerals’ subsidiary Lemur Holdings has put out an invitation for expressions of interest for the engineering, procurement, construction, testing and commissioning (EPCTC) of some parts of the company’s Imaloto power project, in Madagascar. The company urged interested... →
Mbazima to retire from Anglo American after 18 years
By: Creamer Media Reporter 12th April 2019 Norman Mbazima will step down as deputy chairperson of Anglo American South Africa on June 30. “Norman has made an exceptional contribution to Anglo American over the last 18 years, delivered with tireless energy, most recently as deputy chairperson of Anglo American South Africa. He has played... →
Norman Mbazima
New ways of determining workers’ fitness for work urged amid changing laws and attitudes towards cannabis
By: Nadine James 12th April 2019 Changing societal perceptions, combined with more and more countries legalising cannabis use, means that companies should adapt traditional methods of determining whether employees are fit for duty, says Predictive Safety director of fatigue education Dr Doug Potter. →
Whitehaven revises full-year expectations
By: Esmarie Iannucci 11th April 2019 Coal miner Whitehaven Coal has revised its full year production guidance, as mine scheduling impacts output from the Maules Creek mine, in New South Wales. Run-of-mine coal production for the full year has been revised from the previous guidance of 22-million to 23.2-million tonnes, to between... →
Sasol names Sipho Nkosi as next chairperson
By: Bloomberg 11th April 2019 Sasol appointed Sipho Nkosi to its board and said the former coal-industry executive will become chairperson in November when Dr Mandla Gantsho steps down. The change of leadership comes during a vital year for Sasol, as the South African fuel and chemical manufacturer nears completion on its... →
Sipho Nkosi
Bushveld subsidiary advances Imaloto project towards financial close
By: Marleny Arnoldi 10th April 2019 Aim-listed Bushveld Minerals’ coal and energy subsidiary Lemur Holdings has signed a project preparation finance facility agreement with the Development Bank of Southern Africa for $1-million, which will be used for the development of the Imaloto project, in Madagascar. The loan will enable Lemur... →
Australia's Wollongong Coal shuts down last operating mine
By: Reuters 10th April 2019 Wollongong Coal Ltd said on Wednesday it was suspending its last operational mine after putting its Wongawilli colliery under "care and maintenance," likely increasing the financial challenges the company faces. Wollongong made the decision to suspend Wongawilli, located in New South Wales,... →
Block on competing licences at Prairie's Jan Karski lifted
By: Creamer Media Reporter 9th April 2019 An Appeals Court in Warsaw has overturned a Civil Court injunction that prevented the Polish Ministry of Environment (MoE) from granting competing licences over the Jan Karski project of Prairie Mining. The dual-listed company is in the midst of an ongoing civil law claim against the MoE, owing... →
Cost of decarbonising global energy system falls sharply, new report shows
By: Terence Creamer 9th April 2019 Rapidly falling renewable-energy costs, together with emerging opportunities to electrify other energy end-uses such as transportation and heating, are continuing to reduce the investment premium associated with placing the world on a more climate-friendly path, a new international report... →
Federal govt clears Adani’s groundwater plan
By: Esmarie Iannucci 9th April 2019 The Minerals Council of Australia (MCA) has called on the Queensland government to finalise the remaining approvals for Indian major Adani’s $16.5-billion Carmichael mine and rail project after the federal Environment Minister approved the groundwater management plan for the project. Minister... →
India’s SCCL aims for 8% coal production growth in 2019/20
By: Ajoy K Das 8th April 2019 Indian coal miner Singareni Collieries Company Limited (SCCL) has set a coal extraction target of 70-million tons for the 2019/20 financial year. The target is 8% higher than coal produced during 2018/19 at 64.4-million tons, says SCCL chairperson N Sridhar. →
Riversdale seeking alternative for Hancock offer
By: Esmarie Iannucci 8th April 2019 Takeover target Riversdale Resources is actively seeking alternate offers after an independent expert concluded that an offer from Australian iron-ore producer Hancock Prospecting is neither fair nor reasonable. Hancock in March announced a A$2.20-a-share all-cash offer for the unlisted... →
Universal considering offer from Afrimat
By: Esmarie Iannucci 8th April 2019 South Africa focused coal miner Universal Coal has received a conditional, non-binding indicative counter offer from JSE-listed Afrimat to rival a previous offer from a consortium headed by Ata Resources. Universal on Monday reported that Afrimat was proposing to acquire all the shares in the... →
Norway wealth fund to tighten coal ban, add green infrastructure
By: Bloomberg 5th April 2019 Norway plans to tighten restrictions on coal investments for its $1-trillion sovereign wealth fund while opening it up for renewable-energy infrastructure assets. The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation,... →
Profitable coal trade beckons buyers brave enough to test China
By: Bloomberg 5th April 2019 Its high quality and the price is a bargain, but the risk may be too great for Chinese buyers looking for a quick profit. Newcastle thermal coal prices have lost almost $20 a ton, or almost 19 percent, since early March, making supplies from Australia cheaper than Chinese domestic grades for the... →
Ncondezi, GridX start JV for solar, battery projects in Africa
By: Marleny Arnoldi 5th April 2019 Aim-listed Ncondezi Energy has entered into a term sheet with power developer GridX Africa Development, enabling the companies to enter into a joint venture (JV) that is focused on building and operating captive solar and battery storage solutions for the African commercial and industrial sector.... →
Council calls for greater modernisation in mines
5th April 2019 Minerals Council South Africa has reasserted the need to modernise deep-level mining technologies as part of its people-centred modernisation drive to extend the life of deep-level mines and, subsequently, ensure that the workforce is maintained. The South African mining sector has, for more than... →
Eskom review team says strong leadership key for restoration of plant performance
By: Terence Creamer 4th April 2019 The Eskom Technical Review Team, appointed in March to provide an independent assessment of the performance of the State-owned utility’s power stations, says several coal plants can, with strong and empowered leadership, meet the much-vaunted energy availability factor (EAF) goal of 80%. It has... →
ERG joins UN Global Compact
By: Creamer Media Reporter 4th April 2019 Diversified natural resources group Eurasian Resources Group (ERG) has joined the United Nations Global Compact – the world’s largest voluntary corporate citizenship initiative. ERG has also undertaken to implement the compact's ten principles in the areas of human rights, labour the environment... →
Coal continues to drive Qld export boat
By: Esmarie Iannucci 4th April 2019 New data from the Queensland Treasury has shown that coal exports during the year to February had increased by A$5-billion, helping to push the value of Queensland’s total exports to A$83.1-billion over the period. Coal exports during that period accounted for A$35.8-billion worth of exports. →
Eskom’s financial woes not abating in sync with load-shedding risk
By: Terence Creamer 3rd April 2019 The cautiously optimistic prognosis provided by Eskom on the outlook for electricity supply for the coming nine months has been more than offset by the State-owned utility’s disturbing assessment of its financial predicament. The group, which implemented ten days of confidence-sapping power cuts... →
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