R/€ = 16.09 Change: -0.08
R/$ = 14.36 Change: -0.10
Au 1272.11 $/oz Change: -1.50
Pt 890.72 $/oz Change: -5.16

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... 

Vanggatfontein coal deliveries to Eskom interrupted as striking miners dismissed

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... 

South Africa brings forward Eskom bailout to avert default

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... 

Mining sector’s pursuit of ‘zero harm’ continues

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,... 

Sasol reports stabilisation in synfuels output

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 signs coal offtake agreement for Makhado thermal coal
Photo by Creamer Media's Dylan Slater
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... 

Mantashe urges continued investment in clean coal tech
Sasol executive director and joint president and CEO Stephen Cornell provides details of the new Impumelelo colliery. Video and editing: Nicholas Boyd.

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... 

Mbazima to retire from Anglo American after 18 years
Photo by Creamer Media
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.   

New ways of determining workers’ fitness for work urged amid changing laws and attitudes towards cannabis
ALERTMETER The tests take up to 90 seconds to complete, produce immediate results, and can be repeated multiple times a day, with no risk of a false positive

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... 

Sasol names Sipho Nkosi as next chairperson
Photo by Creamer Media
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... 

Cost of decarbonising global energy system falls sharply, new report shows

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... 

Federal govt clears Adani’s groundwater plan

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... 

Universal considering offer from Afrimat
Universal Coal operates the Kangala mine.

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... 

Profitable coal trade beckons buyers brave enough to test China

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... 

Council calls for greater  modernisation in mines
HARD CORE The South African deep-level mining sector is a tough environment, which runs on a continuous stop-start basis, predominantly in narrow-reef, hard-rock mining for gold, platinum and chrome

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... 

Eskom review team says strong leadership key for restoration of plant performance

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... 

Eskom’s financial woes not abating in sync with load-shedding risk
Photo by Creamer Media's Terence Creamer
Lethabo power station
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