https://www.miningweekly.com
R/€ = 19.02 Change: -0.01
R/$ = 16.87 Change: -0.03
Au 1803.40 $/oz Change: -9.37
Pt 831.00 $/oz Change: -20.63
 

Coal News

African interest in reclaimer chain

By: Tracy Hancock     Updated 4 hours ago Southern African bearings and power transmission products distributor Bearings International (BI), a member of Hudaco Industries, is working closely with the manufacturers of the reclaimer chains in its product portfolio to penetrate the African market. BI product manager Frikkie Ras tells Mining... 

thyssenkrupp Industrial Solutions South Africa

Updated 4 hours ago Diversified industrial group thyssenkrupp has extensive experience in materials handling and minerals processing circuits, and the service support of its own manufactured equipment.  A fully owned subsidiary of thyssenkrupp, headquartered in Essen, Germany, thyssenkrupp Industrial Solutions South... 

thyssenkrupp Industrial Solutions South Africa

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid  

By: Martin Creamer     9th July 2020 Minerals Council South Africa health head Dr Thuthula Balfour on Thursday expressed deep sadness at the loss of 28 colleagues to Covid-19 and stated that research was being conducted to understand what makes people particularly vulnerable to the pandemic and what can be done to prevent the... 

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid
Minerals Council South Africa’s Covid-19 update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Shift from high- to low-carbon must be systematic and just – Mantashe 

By: Terence Creamer     9th July 2020 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, used the platform created by the International Energy Agency (IEA) Clean Energy Transitions Summit on July 9 to stress that South Africa’s shift form a high-carbon to a low-carbon needed to be both systematic and just. Speaking... 

Shift from high- to low-carbon must be systematic and just – Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres 

By: Terence Creamer     9th July 2020 United Nations secretary-general António Guterres appealed to governments on Thursday to place the transition from fossil fuels to clean energy at the “core” of their Covid-19 economic recovery spending. Guterres also used the platform created by the International Energy Agency (IEA) Clean Energy... 

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres
United Nations secretary-general António Guterres

$83bn Australian pension fund to divest from thermal coal

By: Bloomberg     9th July 2020 Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change. First State Super said it will advocate for Australia’s economy to reduce its greenhouse gas emissions by 45%... 

South Africa’s July Ndlovu to chair World Coal Association 

By: Martin Creamer     9th July 2020 South Africa’s July Ndlovu has been appointed the chairperson of the World Coal Association (WCA), Mining Weekly can today report. Ndlovu, who heads Anglo American’s coal business in South Africa, takes up the position at a time when, in his words, “the role of responsible coal is front and... 

South Africa’s July Ndlovu to chair World Coal Association
Photo by World Coal Association
July Ndlovu and Michelle Manook.

New Hope makes more job cuts

By: Esmarie Iannucci     8th July 2020 Coal miner New Hope has flagged a next round of redundancies as the stasis around the approval of its New Acland Stage 3 operation, in Queensland, continues. The miner on Wednesday announced that 14% of its corporate staff have been made redundant while 15% of the workforce at its port facility,... 

Covid death toll on mines rises to 21, positive cases at 3 119 

By: Martin Creamer     7th July 2020 The Covid-19 death toll in the mining industry has risen to 21, Minerals Council South Africa recorded on its website on Tuesday, with the number of Covid-positive cases totalling 3 119. Platinum mining, which employs the most people, continues to have the largest number of Covid deaths so far at... 

Covid death toll on mines rises to 21, positive cases at 3 119
Photo by MINERALS COUNCIL SOUTH AFRICA
Mining industry's Covid statistics.

Correction: Kogi Iron

By: Schalk Burger     7th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European fund management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European fund manager with billions of... 

Coal production to top 8bn tonnes in 2020, says GlobalData

By: Simone Liedtke     7th July 2020 Despite disruptions during the first quarter, global coal production is expected to reach more than 8.1-billion tonnes this year, says data and analytics company GlobalData. A 7.8% fall in production in the US will be a major factor in the overall limited output, the company says, noting that... 

Coal production to top 8bn tonnes in 2020, says GlobalData

Presidential Climate Change Coordinating Commission seen as key to navigating South Africa’s ‘just transition’ 

By: Terence Creamer     7th July 2020 A member of South Africa’s National Planning Commission has called for the Presidential Climate Change Coordinating Commission to be established, arguing that such a multi-stakeholder institutional platform is required to implement the just transition vision outlined in the country’s National... 

Presidential Climate Change Coordinating Commission seen as key to navigating South Africa’s ‘just transition’

Eskom to seek authorisation to proceed with repurposing of four coal stations 

By: Terence Creamer     7th July 2020 State-owned electricity producer Eskom aims, within the coming months, to seek authorisation from its board and government to initiate a formal bidding process for the repurposing and repowering of the Camden, Komati, Grootvlei and Hendrina coal-fired power stations using lower-carbon generation... 

Eskom to seek authorisation to proceed with repurposing of four coal stations

Hundreds of coal companies got $170m in US virus aid

By: Bloomberg     7th July 2020 Coal companies received at least $170-million in small business loans under the US government’s coronavirus relief programme, according to data released Monday. Ramaco Resources of Kentucky, JRL Coal of Georgia and Knight Hawk Coal of Illinois were among the 449 coal companies that received... 

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

IDC agrees to restructure MC Mining loan facility

By: Marleny Arnoldi     6th July 2020 Coal miner MC Mining has concluded a conditional loan restructuring agreement with the Industrial Development Corporation (IDC) of South Africa, which increased the IDC’s project level interest in the Makhado coal project to 6.7%. The company first secured a R240-million loan facility from the... 

Weekly Coal Index Report

6th July 2020 Physical coal markets can’t seem to catch a break. Even as paper prices strengthened slightly across the curve, the discount to physical deepened as lack of buyer activity persisted. The Rand is also stubbornly strengthening as a wave of “risk on” sentiment permeates global markets and the energy... 

Weekly Coal Index Report

Resgen extends sunset date for Boikarabelo funding agreement

By: Tasneem Bulbulia     3rd July 2020 Dual-listed Resource Generation (Resgen) has recorded changes to the common terms agreement for its mine funding package, in noted in its market update. On December 5, 2019, the company announced that, along with its majority owned subsidiary, Ledjadja Coal, it had executed principal binding... 

IDC appoints Gert Gouws acting CFO

By: Donna Slater     3rd July 2020 The Industrial Development Corporation (IDC) has appointed Gert Gouws as its acting CFO for a period of three months while the process of appointing the permanent incumbent is being finalised. The IDC notes that the recruitment process is progressing well and is expected to be concluded soon.  

IDC appoints Gert Gouws acting CFO
Photo by Creamer Media
IDC acting CFO Gert Gouws

Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology 

By: Terence Creamer     2nd July 2020 National Energy Regulator of South Africa (Nersa) fulltime member for electricity Nhlanhla Gumede has called for the regulatory methodology used to set electricity tariffs in South Africa to be overhauled, arguing that the multiyear price determination (MYPD) approach is not aligned with the... 

Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology
Nersa fulltime member for electricity Nhlanhla Gumede

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nersa to provide concurrence on technology-specific determination this month 

By: Terence Creamer     2nd July 2020 The National Energy Regulator of South Africa indicated on Thursday that it intended providing concurrence this month for a Ministerial determination that would open the way for the procurement of new electricity generation capacity in line with allocations contained in the 2019 edition of the... 

Nersa to provide concurrence on technology-specific determination this month

Commodity freighters are shrugging off Covid-19. For now

By: Bloomberg     1st July 2020 The cost of moving commodities like coal and iron-ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships climbed to almost $31 000 a day on... 

Resgen granted trading halt as it prepares announcement

By: Donna Slater     1st July 2020 Coal miner Resource Generation (Resgen) has requested, and has been granted, a halt in the trading of its securities on the ASX and the JSE, pending the release of an announcement. Resgen currently has all permitting and licensing rights to develop a large surface coal resource at Boikarabelo... 

Arnot OpCo concludes Section 189 process affecting 1 100 employees

By: Martin Creamer     1st July 2020 Coal mining company Arnot OpCo has completed a Section 189 process, affecting 1 100 of its employees. Exxaro Resources in February entered into a transfer-of-business agreement with Arnot OpCo, transferring all its assets and liabilities to Arnot OpCo as a going concern. 

Arnot OpCo concludes Section 189 process affecting 1 100 employees
Arnot OpCo CEO Bontle Aphane

Prairie armed for legal battle

By: Esmarie Iannucci     1st July 2020 Coal developer Prairie Mining has secured A$18-million in litigation funding with LCM Funding UK to pursue damages claims in a dispute with the Polish government. Prairie in February last year served a notice of dispute on the Polish government, requesting that the government formally engage... 

BMA expands autonomous hauling fleet in Queensland

By: Esmarie Iannucci     1st July 2020 Major BHP and its coal alliance partner Mitsubishi (BMA) have announced a A$100-million investment into 34 new autonomous trucks at the Daunia mine, in Central Queensland. BMA asset president James Palmer said this is a multi-generational investment in the industry and state at a time when it is... 

BMA expands autonomous hauling fleet in Queensland

Platinum group metals in pole position to benefit from global decarbonisation thrust  

By: Martin Creamer     1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... 

Platinum group metals in pole position to benefit from global decarbonisation thrust
AP Ventures founding partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

House Democrats urge ‘racial justice’ on climate, carbon cut

By: Bloomberg     30th June 2020 House Democrats unveiled an ambitious plan to combat climate change that won plaudits from mainstream environmentalists, but disappointed some progressives who have tried to push the party to the left on the issue. The more than 500-page report sets a target for the US to cut 88% of... 

House Democrats urge ‘racial justice’ on climate, carbon cut
The Asheville power plant in North Carolina.

Economic opportunity of South Africa’s energy transition akin to new ‘gold rush’

By: Terence Creamer     30th June 2020 South Africa’s energy transition from coal to cleaner energy carries an economic opportunity equivalent to the discovery of gold in the country more than a century ago, a new South African National Energy Association (Sanea) report argues. Published on June 30, the ‘South African Energy Risk... 

Economic opportunity of South Africa’s energy transition akin to new ‘gold rush’

Tariff implications not yet clear as Nersa loses another court battle with Eskom 

By: Terence Creamer     30th June 2020 Power utility Eskom has welcomed the June 29 ruling of the North Gauteng High Court to review and set aside three regulatory clearing account determinations made by the National Energy Regulator of South Africa for the financial years 2014/15, 2015/16 and 2016/17. In his judgment, Judge Jody... 

Tariff implications not yet clear as Nersa loses another court battle with Eskom
Photo by Creamer Media's Donna Slater
The Nersa panel at the MYPD4 hearing in 2019

ArcelorMittal SA seeks IPP bids for roll-out of solar PV plants across operations 

By: Terence Creamer     30th June 2020 JSE-listed steel producer ArcelorMittal South Africa (AMSA) has become the latest South African company to release a request for information (RFI) to independent power producers (IPPs) to build, own and operate solar photovoltaic (PV) power plants across its six operational sites. The group has... 

ArcelorMittal SA seeks IPP bids for roll-out of solar PV plants across operations

South African court sides with Eskom in clawback dispute

By: Reuters     30th June 2020 South Africa’s High Court on Monday sided with Eskom in a dispute over the amounts energy regulator Nersa allowed the state utility to claw back from customers for electricity supplied in the 2014/15, 2015/16 and 2016/17 financial years. Nersa’s 2018 decisions to allow Eskom to recoup... 

Pleasantly surprised by productivity during lockdown – Babcock Ntuthuko Engineering  

By: Martin Creamer     30th June 2020 Engineering company Babcock Ntuthuko Engineering has been pleasantly surprised by the productivity and agility that the lockdown has afforded it as an engineering house engaged in the energy sector. Babcock Ntuthuko Engineering’s major industrial clients include State electricity utility Eskom... 

Pleasantly surprised by productivity during lockdown – Babcock Ntuthuko Engineering
Babcock Ntuthuko Engineering CEO Thava Govender interviewed by Engineering News & Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Eskom widens its funding search to sukuk market

By: Bloomberg     29th June 2020 South Africa’s indebted power utility Eskom Holdings plans to issue a R1-billion sukuk bond as it tries to diversify funding sources to reduce borrowing costs. Eskom has appointed a lead arranger “to work towards establishing time lines for the issue,” spokesperson Sikonathi Mantshantsha said in... 

Weekly Coal Index Report

29th June 2020 Physical RB1 had another tough week, with at least one cargo going through at around $48/mt. Although Chinese utilities are restocking, they are having to use domestic coal as they lack import quotas from government. This is a trend that the Chinese government wants to see strengthening as it has... 

Weekly Coal Index Report

Moreton administrators hunting for buyer

By: Esmarie Iannucci     26th June 2020 The Administrators of ASX-listed Moreton Resources are seeking expressions of interest for both the company and its assets. Moreton entered into voluntary administration in early June, tasking administrators to undertake an urgent assessment of the groups business and financial position to... 

1
2 3 4 5 6 7 8 9
 

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close