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Coal News
US judge rejects SEC bid to expand Rio Tinto fraud lawsuit on Mozambique coal business
By: Reuters 4th March 2021 A US judge on Wednesday quashed a bid to widen the scope of a civil lawsuit by the US Securities and Exchange Commission that accused miner Rio Tinto of fraud at its Mozambican coal business, a court filing showed. The SEC filed a complaint against Rio in 2017 with allegations that it had... →
The major challenge of the mining industry is the imperative of growth – Dr Motsepe 
By: Martin Creamer 3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... →
Work on proposed handover of Rukwa ongoing
By: Tasneem Bulbulia 3rd March 2021 Aim-listed Edenville Energy says it is continuing to work with its strategic partner Infrastructure and Logistics Tanzania regarding the proposed handover of operations at its Rukwa coal project in south-west Tanzania. The company plans to provide shareholders with a further update as soon as a... →
African Rainbow Minerals' earnings soar 134%, interim dividend declared
By: Martin Creamer 3rd March 2021 Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by... →
African Rainbow Minerals executive chairperson Dr Patrice Motsepe
Glencore refutes Molefe's State capture inquiry testimony
By: Creamer Media Reporter 3rd March 2021 Diversified miner Glencore says the suggestion that it had involved President Cyril Ramaphosa, who used to be the chairperson of the Optimum coal mine, in the acquisition of Optimum Coal Holdings (OCH) with a view to, or with the expectation of leveraging his influence to achieve amendments to... →
UN chief urges wealthy nations to phase out coal use by 2030
By: Reuters 3rd March 2021 UN Secretary-General Antonio Guterres on Tuesday called on wealthy nations to end coal use by 2030 so the world can meet its goals to curb global warming, urging G7 nations to make that commitment before or at a leaders' summit in June. In a video message to a virtual gathering of the "Powering... →
Brian Molefe adamant that Ramaphosa's 'influence' was used to seal dodgy coal deal
By: News24Wire 2nd March 2021 Former Eskom CEO Brian Molefe has told the Judicial Commission of Inquiry into State Capture that the allegations he made against President Cyril Ramaphosa should not be swept under the carpet, as he continued to pick at the business links the president once had with Glencore. On Tuesday, Molefe... →
Glencore 'used relationship' with Ramaphosa to 'extort' Eskom, former CEO Brian Molefe claims
By: News24Wire 2nd March 2021 Former Eskom CEO Brian Molefe has told the State Capture Inquiry that Glencore used its relationship with President Cyril Ramaphosa, who used to be the chairperson of its Optimum coal mine, to try to extort money from the power utility as it renegotiated the terms of its contract. Optimum, which... →
Former Eskom CEO Brian Molefe
RBFT lifts stake in Wescoal to nearly 65%, extends offer deadline to March 5
By: Marleny Arnoldi 2nd March 2021 JSE-listed coal miner Wescoal has advised that RBFT Investments has extended the timeframe of its offer to increase its shareholding in the company from 56.87% to 85%. RBFT is a consortium that has the Industrial Development Corporation and Simeka Capital Holdings among its investors. →
Resgen completes Phase 1 of strategic review
By: Donna Slater 1st March 2021 Coal miner Resource Generation (Resgen) reports that Phase 1 of its two phase strategic review that is considering alternatives for progressing development of its Boikarabelo project, in South Africa's Waterberg, has recently been completed. The review was initiated in November. →
China chips away at coal addiction to chase climate goals
By: Bloomberg 1st March 2021 China’s use of coal in its energy mix continued to decline in 2020, but more aggressive measures may be needed to reduce emissions in order to meet Beijing’s climate goals. Coal use accounted for 56.8% of the country’s total energy consumption last year, down 0.9 of a percentage point from 2019,... →
De Ruyter urges greater industrial policy integration with renewables roll-out
By: Terence Creamer 1st March 2021 South Africa would be foregoing an “extraordinary opportunity” should it fail to develop local manufacturing capacity around its large-scale and multidecade deployment of renewable energy, Eskom CEO Andre de Ruyter argued on Monday. Speaking during the opening session of the virtual Africa Energy... →
Weekly Coal Index Report
1st March 2021 Even as US coal production continues to slide, and domestic consumption is cut, it emerged that the United States was the major beneficiary of China’s ban on Australian coal imports from the fourth quarter of 2020. This was arguably more for coking coal than thermal coal, but it’s interesting to... →
Australian teens lead class action against Whitehaven's coal mine expansion
By: Reuters 1st March 2021 A class action against a coal mine extension that begins on Tuesday could make it more difficult for coal mines to be approved in Australia on the basis of intergenerational equity and climate change, if the claimants prove successful. The landmark claim, by a group of eight teenagers from... →
Fitch raises metals, mining price assumptions in line with returning demand, low inventories
By: Donna Slater 26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... →
CFMEU calls for inquiry to include Moranbah North
By: Esmarie Iannucci 26th February 2021 The Miners Union is calling on the Queensland government to make urgent changes to the ongoing Queensland Coal Board of Inquiry in light of events at Moranbah North coal mine. Miner Anglo American withdrew staff from the Moranbah North coal mine following changes in underground conditions, with... →
Coal exports bring Bathurst down
By: Esmarie Iannucci 26th February 2021 Coal miner Bathurst Resources has reported reduced earnings and revenue for the first half of the 2021 financial year, as its export business continued to face significant challenges. Revenue for the six months under review declined to NZ$97.8-million, compared with the NZ$129.3-million in the... →
Resources Watch
25th February 2021 This week: London listing on way as mining company strives to become green gold producer; DRDGold flies sky high on numbers never seen before; and, Sibanye assessing on-site green hydrogen generation to power fuel cell mobility →
Test mine study under way for Fourth Industrial Revolution try-outs
By: Martin Creamer 24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... →
Just energy transition remains priority to ensure sustainable future
By: Donna Slater 23rd February 2021 South Africa’s energy sector needs to broadly embrace a just energy transition to ensure it improves energy security and stability, as well as meets its obligations towards mitigating climate change, says nonprofit economic research institution Trade and Industrial Policy Strategies senior... →
Australian iron-ore and coal exports fall in January
By: Esmarie Iannucci 23rd February 2021 New data by the Australian Bureau of Statistics (ABS) has reported a A$3-billion, or 9% decline in exports for the month of January, driven by a A$1.5-billion, or 10% decline in the export of metalliferous ores. “The decline in metalliferous ores was driven by a decline in the quantity of... →
Anglo American withdraws Moranbah North staff
By: Esmarie Iannucci 23rd February 2021 Diversified miner Anglo American has undertaken the controlled withdrawal of staff at its Moranbah North coal mine, in Queensland, following a change in underground conditions. “The trigger for the underground withdrawal was elevated levels of some gases in the goaf, which would indicate a coal... →
Sasol upscales renewables roll-out ambition to 900 MW, starts plotting big green-hydrogen role
By: Terence Creamer 22nd February 2021 JSE-listed Sasol announced on Monday that it would pursue a 900 MW renewable-energy roll-out at its Secunda and Sasolburg complexes by 2030, raising its initial deployment target of 600 MW by 50%. President and CEO Fleetwood Grobler said that the upscaled plan would be pursued in partnership with... →
PIC now owns 15% of Exxaro’s shares
By: Simone Liedtke 22nd February 2021 The State-owned Public Investment Corporation (PIC) has increased its shareholding in coal and renewable energy company Exxaro Resources to just over 15.13%, the company announced on February 22. Exxaro is headed by Mxolisi Mgojo and is the only producing mine in the coal-rich Waterberg region... →
Allegiance raises cash for New Elk
By: Esmarie Iannucci 22nd February 2021 ASX-listed Allegiance Coal has raised A$15-million through a private placement to sophisticated and professional investors, to fund refurbishment activity at its New Elk coal mine, in Colorado. The company placed 187.5-million new shares, at a price of 8c each, representing a 15.8% discount to... →
Weekly Coal Index report
22nd February 2021 European power and gas prices had a volatile week as recent cold weather subsided. However, coal prices held up well, in a sign that strained renewable power grids tend to fall back on coal and gas as solar power fades, and wind turbine blades ice up. With frozen seas impacting on Russian coal... →
Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines
19th February 2021 Mining Weekly Editor Martin Creamer unpacks Sibanye-Stillwater assessing on-site green hydrogen generation to power fuel cell mobility; Hydrox's advanced alkaline electrolyser; and South Africa's coal exports to China. →
Two-phase coal project will secure production
By: Theresa Bhowan 19th February 2021 Coal exploration and mining company Canyon Coal’s De Wittekrans greenfield project, in Mpumalanga, South Africa, will take place in two phases. Phase 1 – the opencast operation – has an economically minable reserve of 14.3-million tonnes of run-of-mine (RoM), while Phase 2 comprises the... →
Coal demand from Eskom to normalise, says South32
By: Tasneem Bulbulia 18th February 2021 Coal demand from State-owned power utility Eskom is expected to normalise, following low demand over the past few months, diversified miner South32 COO Mike Fraser said during a media call to discuss its interim results, on February 18. He said the maintenance work being undertaken by should... →
Minister welcomes export inquiry
By: Esmarie Iannucci 18th February 2021 Federal Resources Minister Keith Pitt has welcomed the Trade and Investment Growth Committee’s inquiry into the financial sector’s treatment of Australia’s export industries. The Joint Standing Committee on Trade and Investment Growth this week announced that it had started an inquiry into the... →
Greenpeace calls on Creecy to revise weakening minimum emission standards
By: Simone Liedtke 17th February 2021 Nongovernmental organisation Greenpeace Africa has called on Environment, Forestry and Fisheries Minister Barbara Creecy to revise the weakening of the minimum emission standards (MES) to avoid further air pollution. The organisation has also requested the Department of Environment, Forestry and... →
Coal to China set to continue while Asian giant not buying from Australia – Glencore
By: Martin Creamer 17th February 2021 The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference. “China still imports round about 185-million tons to 190-million tons of seaborne coal. They like to... →
Glencore heading for a future without any coal production.
Whitehaven profits fall along with coal prices
By: Esmarie Iannucci 17th February 2021 The falling coal prices in the first half of the 2021 financial year has seen ASX-listed Whitehaven Coal swing to a loss in the six months under review. Whitehaven on Wednesday reported a net loss after tax of A$94.5-million for the six months to December, compared with a net profit after tax of... →
Teck doubles water treatment capacity at Elkview
By: Mariaan Webb 17th February 2021 Diversified major Teck Resources on Tuesday reported that commissioning was under way at its Elkview saturated rock fill (SRF) expansion, which doubles the water treatment facility’s capacity to 20-million litres a day of water. Construction was completed in late 2020 and the facility is now... →
MWCB, Impact Catalyst aim for Upper Olifants mine water management platform
By: Schalk Burger 17th February 2021 Mpumalanga mine water public-private organisation the Mine Water Coordinating Body (MWCB) hopes its new partnership with socioeconomic development collaboration company The Impact Catalyst will provide a collaborative platform for the collective, integrated and sustainable mine water management... →
Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy
By: Martin Creamer 16th February 2021 Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle, Outgoing Glencore CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global... →
ARM expects headline earnings to more than double
By: Donna Slater 16th February 2021 JSE-listed diversified miner African Rainbow Minerals (ARM) reports that its headline earnings for the first half of its 2021 financial year are expected to increase by between 129% and 138%, to between R4.93-billion and R5.12-billion. This compares with the R2.15-billion in headline earnings... →
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