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R/$ = 14.77 Change: 0.05
Au 1793.03 $/oz Change: -1.09
Pt 1043.50 $/oz Change: -19.00
 

Coal News

Exxaro fulfills yearly corporate sustainability initiative obligations

By: Simone Liedtke     22nd October 2021 South African coal and heavy minerals miner Exxaro Resources has fulfilled its yearly obligations as a signatory of the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. Exxaro recently delivered its UNGC Communication on Progress (COP) document, which... 

Polish miners take to Luxembourg streets in mine closure protest

By: Bloomberg     22nd October 2021 A group of about 2 000 Polish miners has traveled more than 800 km to Luxembourg to protest against the decision of the European Court of Justice to halt production at their lignite mine. The Friday demonstration, heavily guarded by the Luxembourg and Belgian police, comes five months after the... 

India considering strategic reserves for imported coal

By: Reuters     22nd October 2021 India is considering maintaining strategic reserves of natural gas and imported coal to address future supply shocks, a senior Power Ministry official said on Thursday, as the energy hungry nation battles a crippling coal shortage. A surge in power demand combined with a fall in imports due to... 

Indonesia 2021 coal output seen at 610Mt, below target

By: Reuters     22nd October 2021 Indonesia is likely to miss its coal output target this year, an Energy Ministry official said on Friday. Heavy rains are slowing mine and port operations in Indonesia, the world's biggest exporter of coal used for power generation, mining executives have told Reuters. Production is expected... 

Australian coal giant turns China ban into a win with shipments from US

By: Bloomberg     22nd October 2021 China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources, one of the world’s top producers of the metallurgical variety that’s key to steelmaking. With mines from the Appalachian mountains in the US to Australia’s Bowen Basin, geographical diversity... 

An image of Newcastle coal stacker
Newcastle coal stacker

Solutions on offer for entire mining chain

22nd October 2021 From the beginning of mining operations to the end-of-life, distributor of bearings, power transmission and allied products in Southern Africa Bearings International (BI) has products that service the entire mining value chain.  

A picture of a conveyor application for mining
ABB TAIL GEAR REDUCER Used in critical conveyor applications, feeding coal into the wash plant

Coal and iron pile up in South Africa on rail constraints

By: Bloomberg     21st October 2021 Kumba Iron Ore’s struggle in getting supplies to ports is further highlighting the constraints South Africa faces in exporting key commodities including coal. The continent’s top iron ore producer said its premium steelmaking material is being held up at mines in South Africa’s Northern Cape... 

How South Africa plans to secure backing for its ‘Just Transition Financing Facility’ at COP26 

By: Terence Creamer     21st October 2021 South Africa aims to meet with other governments and multilateral finance institutions on the sidelines of the upcoming COP26 gathering to progress talks on raising concessional funding, in phases, for a Cabinet-endorsed ‘Just Transition Financing Facility’ to fund green projects in the... 

Photo of a solar farm
Cabinet wants ‘Just Transition Financing Facility’ to fund green projects in the electricity, automotive and hydrogen sectors.

South Africa’s integrated energy policy ‘vacuum’ discouraging investment, report warns 

By: Terence Creamer     21st October 2021 The continued absence of a long-term vision for South Africa’s energy sector is creating a policy “vacuum” and undermining investment, the 2021 edition of the South African Energy Risk Report states. Published by the South African National Energy Association (Sanea), the report highlights that... 

Photo of power lines

China power crisis boosts coal imports from Indonesia to record

By: Bloomberg     21st October 2021 Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power crisis. Cargoes of coking, thermal and brown coal from the Southeast Asian nation surpassed 21 million tons in... 

An image of coal transporation in Indonesia

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Diamonds, iron-ore drive 2% rise in Anglo American's third-quarter output  

By: Simone Liedtke     21st October 2021 Diversified miner Anglo American achieved a 2% increase in production for the third quarter, ended September 30, which CEO Mark Cutifani largely attributed to planned higher rough diamond production at its De Beers subsidiary, as well as increased production from the Minas-Rio iron-ore project,... 

A photo of Mark Cutifani, CEO of Anglo American
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Allegiance raises A$30m for Alabama mine buy

By: Esmarie Iannucci     21st October 2021 ASX-listed Allegiance Coal will raise A$30-million through a share placement to institutional and professional investors to fund the acquisition of the Short Creek mine, in Alabama, and to bring the project into production. Allegiance on Thursday announced that it had entered into an agreement... 

Zimbabwe’s power utility to finish new coal-fired units in 2022

By: Bloomberg     20th October 2021 Zimbabwe’s State-owned power utility expects to complete the addition of coal-fired units next year, bucking a global trend to reduce reliance on the fossil fuel. The $1.5-billion expansion by Zimbabwe Power Company and China’s Sinohydro will finish one unit next year in September and another in... 

China commodity prices tumble after planner mulls coal intervention

By: Reuters     20th October 2021 China's commodities markets slumped on Wednesday, led by sharp declines in thermal coal prices, after the state planner said it was looking at ways to intervene to cool off record high prices of the fuel. Cheaper coal prices and its increasing supply could help ease China's factory gate... 

Coal tops $300/t China as cold wave adds to energy crisis

By: Bloomberg     19th October 2021 Coal futures in China surged to another record to put a previously unthinkable level of 2 000 yuan ($311) a ton in sight, as a cold blast adds to the country’s energy crisis. Cool weather has descended on eastern China, sparking an early start to the winter heating season in some areas. That’s... 

Biggest US coal miner surges 17% as global energy crisis boots demand

By: Bloomberg     19th October 2021 The global energy crisis that’s fueling demand for coal boosted third-quarter results for Peabody Energy, pushing up shares 17%. Sales exceeded $900-million, the highest in seven quarters, and adjusted earnings before interest, taxes, depreciation and amortisation of $280-million to $290-million... 

Nersa yet to decide if it will oppose Eskom’s MYPD5 court application 

By: Terence Creamer     19th October 2021 The National Energy Regulator of South Africa (Nersa) has confirmed the receipt of Eskom’s High Court application, through which the utility is seeking to have the regulator’s decision to reject its fifth multiyear price determination (MYPD5) revenue application reviewed and set aside. However,... 

Photo of the Nersa logo

Transnet restores some operations at Richards Bay after fire

By: Reuters     19th October 2021 South African monopoly port operator Transnet said on Monday it had restored many of its operations since a fire broke out at its Richards Bay terminal last week, but that it still needed to ensure affected areas where safe before resuming others. Richards Bay Bulk Terminal, Africa's largest coal... 

Where a $5bn green incentive runs into politics of coal

By: Bloomberg     18th October 2021 The world’s richest countries are courting South Africa as a model of how to transition to a more climate-friendly future from a dependency on coal. While $5-billion of cheap loans and grants are on offer as a first step, transforming Africa’s most industrialized economy demands more than cash.... 

An image of the coalyard at the Majuba power station

South African energy sector the most carbon intensive of G20 nations

By: Schalk Burger     18th October 2021 South Africa’s energy sector has the highest carbon-intensity of the Group of 20 (G20) nations owing to its heavy reliance on coal, according to the latest assessment by Climate Transparency International. In 2020, three-quarters (74%) of South Africa’s total primary energy supply was derived... 

Thungela lowers production guidance owing to deteriorating rail performance  

By: Tasneem Bulbulia     18th October 2021 JSE-listed coal exporter Thungela Resources says that, following an initial recovery in the performance of Transnet Freight Rail (TFR) subsequent to the yearly maintenance shutdown in July, rail performance has continued to deteriorate in the second half of the year. Thungela consequently... 

An image of a colliery

Creecy says a climate finance breakthrough is key to COP26 success 

By: Terence Creamer     15th October 2021 South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy says a breakthrough is needed at COP26 on the issue of climate finance, warning that the failure of developed countries to honour their $100-billion-a-year commitments has led a breakdown of trust. Addressing a virtual... 

South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy
South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy

Glencore Coal launches supplier development platform to empower local communities

By: Donna Slater     15th October 2021 Glencore Coal has launched its Enterprise Supplier Development (ESD) portal as a key tool to support small, medium-sized and microenterprises (SMMEs) in the communities in which it operates in an effort to alleviate some of the socioeconomic challenges faced by the communities. The Glencore ESD... 

An image of Glencore's business development centre

Hydrogen fuel cell has inexhaustible future, says Fortescue’s Andrew Forrest 

By: Martin Creamer     15th October 2021 The hydrogen fuel cell has an inexhaustible future as a means of maintaining the planet’s high standard of living, said Fortescue Metals Group chairperson Andrew Forrest during a global online symposium this week. “Our little planet’s cooking, the world’s impatient and there’s any amount of... 

screenshot taken by Creamer Media during Plug Power symposium
Photo by Creamer Media
Plug Power CEO Andy Marsh (left) and Fortescue Metals Group chairperson Andrew Forrest (right)

Eskom seeks urgent court order to have 2022/23 tariff application adjudicated by Nersa 

By: Terence Creamer     15th October 2021 State-owned electricity utility Eskom has approached the Gauteng High Court to have the regulator’s recent decision to reject its revenue application for the period 2022/23 to 2024/25 set aside for being “patently irrational and unlawful”. Eskom approached the court this week for a review of the... 

Eskom CFO Calib Cassim, who deposed the  founding affidavit, speaking at a previous Nersa hearing
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CFO Calib Cassim, who deposed the founding affidavit, speaking at a previous Nersa hearing

Asia’s coal mining revival doesn’t mean the energy crisis is over

By: Bloomberg     15th October 2021 A crunch on coal production from key hubs in China and India is beginning to ease, but that won’t be enough to halt Asia’s energy crisis. Major industries in the region, including steelmakers to chemical producers, are expected to continue to face power disruptions through the winter, as fuel... 

Asia’s coal mining revival doesn’t mean the energy crisis is over

South Africa's banks say they can't cut off funding for coal just yet

By: Reuters     15th October 2021 South African banks say they have to keep funding at least some coal projects for now because an immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels. The top four banks have started to withdraw financing, with Nedbank and... 

Opinion: Combatting climate change with green energy solutions for Africa

15th October 2021 In this opinion article, Standard Bank head of sustainable finance, wholesale clients Greg Fyfe and head of power, wholesale clients Rentia van Tonder write that Africa has no choice but to join the global drive toward limiting greenhouse-gas emissions; however, the continent must facilitate a... 

A photo of Greg Fyfe
Greg Fyfe

Differential GPS brings much needed autonomy to blasting

15th October 2021 AECI Mining Explosives’ new, high-accuracy (sub-1m) Differential Global Positioning System (DGPS) brings autonomy to the blast hole tagging process, thus maximising efficiency by eliminating potential human error on the bench and ensuring integrity of drill and blast operations.   Safety and good... 

An image of the Differential Global Positioning System on a mining blast site
PEAK ACCURACY The Differential Global Positioning System enables faster blast deployment, greater accuracy and increased efficiency

Company increases local exploration activity

By: Theresa Bhowan-Rajah     15th October 2021 Mining investment company Menar, through its subsidiaries, has committed to ensuring its continued growth through several investment and development projects. “Exploration allows for the development of new projects and the establishment of new mines. Menar has R7-billion worth of new investment... 

Aerial shot of Kangra Twyfelhoek mine
AERIAL VIEW While exploration does present multiple financial and economic benefits, the economic viability has to be assessed over a long-term period

Eskom aiming to secure concessional funding for R400bn just energy transition project pipeline 

By: Terence Creamer     14th October 2021 State-owned electricity producer Eskom has identified a pipeline of ‘just energy transition’ projects valued at about R400-billion that it will seek to fund using concessional finance raised from international financiers that have committed to supporting decarbonisation initiatives in developing... 

Photo of Eskom's rock-man statue at Megawatt Park

Second fire in a week hits South Africa's Richards Bay port

By: Reuters     14th October 2021 South Africa's port operator Transnet said on Thursday it was investigating a second fire in a week at the Richards Bay port, a commodities export hub, after a blaze broke out at a terminal there on Wednesday evening. The latest fire affected the conveyor system for Transnet Port Terminals, the... 

The coal price rally isn’t ending any time soon, Whitehaven says

By: Bloomberg     14th October 2021 Coal prices are likely to remain high after soaring to new records on strengthening power demand and challenges in key supplier nations, according to a major Australian producer. High-quality thermal coal at Newcastle port in Australia, the benchmark in Asia, the world’s largest market for the... 

Anglo Pacific exits thermal coal with Narrabri royalty sale

By: Mariaan Webb     14th October 2021 Royalty group Anglo Pacific on Thursday announced its exit from thermal coal by entering into an agreement to sell its 1% gross revenue royalty over the Narrabri mine, in Australia, to operator Whitehaven Coal for $36-million. The transaction was in line with the group’s vision to move away from... 

Mantashe opposes coal ban for climate aid

By: Bloomberg     14th October 2021 Rich nations shouldn’t force South Africa to ban new coal-power projects and impose other conditions as a requirement for funding to help reduce its environmental footprint, the country’s energy minister said. Gwede Mantashe last month skipped a meeting with climate envoys from the UK, US,... 

A photo of Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

US coal use is rebounding under Biden like it never did with Trump

By: Bloomberg     13th October 2021 Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s seeing a big comeback of the dirtiest fossil fuel. US power plants are on track to burn 23% more coal this year, the first increase since 2013, despite Biden’s ambitious plan to eliminate carbon emissions from the... 

Image of US President Joe Biden
US President Joe Biden
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