R/€ = 19.4644 Change: 0.0359
R/$ = 17.8625 Change: 0.0623
Au 1982.44 $/oz Change: 1.99
Pt 985.84 $/oz Change: 17.25

Coal News

In a first, Brazil's Vale scrubs coal from iron-ore pellets

By: Reuters     16th March 2023 Brazilian miner Vale produced iron-ore pellets on an industrial scale for the first time without adding coal, company executives told Reuters on Wednesday, in a major step toward reducing the company's carbon footprint. In pellet production, coal is usually mixed with iron ore before being... 

Buffalo proposes going private

By: Marleny Arnoldi     16th March 2023 Coal miner Buffalo Coal Corporation will seek shareholder approval on April 17 to delist the company from the JSE and TSX-V. The company proposes to complete the going private transaction by consolidating and buying all common shares, other than those held by Belvedere Resources, for a cash... 

Exxaro earnings soar, final dividend down

By: Martin Creamer     16th March 2023 Coal, energy and ferrous markets company Exxaro reported strongly rising revenue in its year-end results for the year ended December 31, which boosted earnings before interest, taxes, depreciation and amortisation (Ebitda). The 41% higher revenue at R46.4-billion was the main driver for the 78%... 

Exxaro CEO Dr Nombasa Tsengwa.
Exxaro CEO Dr Nombasa Tsengwa.

MC Mining continues to progress projects, interim revenue increases

By: Tasneem Bulbulia     15th March 2023 MC Mining’s revenue for the six months ended December 31, 2022, increased by 8% to $14-million, compared with the revenue of $13-million reported for the six months ended December 31, 2021. Operating profit before interest was $700 000, compared with a loss of $600 000 in the prior corresponding... 

Eskom granted exemption to operate temporary stacks at Kusile for 13 months  

By: Terence Creamer     15th March 2023 Forestry, Fisheries and the Environment Minister Barbara Creecy has granted Eskom exemption that will enable it to operate temporary stacks at the Kusile power station, in Mpumalanga, for 13 months without using the flue-gas delsuphurisation (FGD) mechanism. The exemption, which was granted on... 

Forestry, Fisheries and the Environment Minister Barbara Creecy
Forestry, Fisheries and the Environment Minister Barbara Creecy

Two Exxaro board members to retire by rotation

By: Donna Slater     15th March 2023 Diversified energy company Exxaro Resources reports that independent nonexecutive directors Vuyisa Nkonyeni and Lenamile Mophatlane will retire by rotation, with effect from May 18. Nkonyeni will retire from his role as chairperson and member of the audit and investment committees, while... 

€15m Just SA launched in bid to unlock Mpumalanga transition projects  

By: Terence Creamer     14th March 2023 A new €15-million initiative has been launched to provide research and technical support for “catalytic” just transition projects in South Africa’s Mpumalanga province, currently the centre of South Africa’s coal industry and where 22 GW of coal-fired power capacity is scheduled for retirement... 

Worker at a solar project

China removes all remaining curbs on Australian coal imports

By: Bloomberg     14th March 2023 China will allow all domestic companies to import Australian coal, signaling an end to trade restrictions imposed in late 2020. Ports and customs offices have been told to allow the cargoes, according to people familiar with the decision, who asked not to be identified because the information... 

Mining output declined for a twelfth consecutive month in January

By: Creamer Media Reporter      14th March 2023 Mining production experienced its twelfth consecutive month of year-on-year decline in January, recording a decrease of 1.9%, Statistics South Africa reports. The largest negative contributors were platinum group metals (PGMs), with output 15.2% lower year-on-year and contributing -3.5 percentage... 

Rough diamonds mined in South Africa

MC Mining appoints new nonexecutive directors

By: Darren Parker     10th March 2023 JSE-listed coal exploration, development and mining company MC Mining has announced the appointment of Yi Christine He as nonexecutive director. She has a bachelor’s degree in English literature from Sichuan University and more than 20 years’ experience at senior management level. Her broad... 

NUM backs Mantashe on pro-coal stance

By: Donna Slater     10th March 2023 Labour union the National Union of Mineworkers (NUM) has expressed its support for Mineral Resources and Energy Minister Gwede Mantashe’s pro-coal stance, alleging “coercion” efforts to move away from the carbon-intensive fuel are driven by an “anti-fossil fuel agenda”. As he has done on... 

Parliament guns for Mosebenzi Zwane over his corrupt Gupta dealings after five-year probe

By: News24Wire      10th March 2023 Six years ago, former mineral resources minister Mosebenzi Zwane was a high-flyer in erstwhile president Jacob Zuma's inner circle and a chief lieutenant of the infamous Gupta family. These days, Zwane finds himself out in the cold and in the political wilderness, with Parliament breathing down... 

Thungela expects to report more than 100% increase in earnings for 2022

By: Donna Slater     9th March 2023 JSE-listed thermal coal exporter Thungela Resources expects its earnings a share for the year ended December 31 to have increased by between 105% and 111% year-on-year to between R125 and R129. Headline earnings a share are expected to have increased by between 95% and 100% year-on-year, to... 

Coal drives up Exxaro’s full-year earnings

By: Donna Slater     9th March 2023 JSE-listed diversified energy company Exxaro Resources expects its headline earnings a share for the year ended December 31 to have increased bu between 20% and 34% year-on-year, to between R56.20 and R62.75 – primarily owing to the good performance of its coal business, which was driven by... 

Funding green transition is a major focus for Nedbank CIB

By: Rebecca Campbell     9th March 2023 Helping corporate clients transition to a future low-carbon economy is a major focus for Nedbank Corporate & Investment Banking (Nedbank CIB). The bank was the first South African commercial bank to issue a Green Bond, in 2019, and it financed the first private sector energy wheeling arrangement... 

A photo depicting the transition to greener energy sources

Atrum to halt share trade

By: Esmarie Iannucci     9th March 2023 ASX-listed Atrum Coal will suspend share trading at the end of business on Thursday, after the ASX determined that the company’s level of operations no longer warranted the continued quotation of its securities. Atrum told shareholders that while they would not be able to trade in Atrum shares... 

Climate Council calls for green steel incentives

By: Esmarie Iannucci     9th March 2023 Australia’s Climate Council has called on the federal government to deliver strong policy and incentives to drive the transformation of industry, noting that the production of green metals in the region could be the country’s largest economic opportunity in the global shift towards net-zero... 

Botswana's Minergy seeks govt bailout after halting coal mining ops

By: Reuters     8th March 2023 Minergy has approached Botswana's government for a financial bailout to settle debts owed to a mining contractor, which has brought mining operations at its Masama coal mine to a halt, the company's CEO said on Wednesday. On Tuesday, Minergy announced production had ceased at Masama after the... 

Creecy to decide this week on way forward for Kusile exemptions  

By: Terence Creamer     8th March 2023 The Department of Forestry, Fisheries and the Environment (DFFE) tells Engineering News that Minister Barbara Creecy has received a letter from Eskom requesting her to issue directions in terms of the disaster management regulations to exclude the construction of the temporary stacks at Kusile... 

The temporary stacks would by-pass the flue-gas desulphurisation system (pictured)
Photo by Creamer Media's Donna Slater
The temporary stacks would by-pass the flue-gas desulphurisation system (pictured)

Eskom will miss target to boost power output from coal plants

By: Bloomberg     7th March 2023 State power utility Eskom will miss a target to boost output from struggling coal-fired plants by the end of March, highlighting the poor state of equipment whose viability is being reviewed by German energy consultants. Eskom Holdings, which is subjecting South Africa to its worst-ever... 

Mantashe affirms commitment to coal as Greenpeace disrupts his Indaba speech  

By: Irma Venter     7th March 2023 Greenpeace Africa on Tuesday disrupted Minister of Mineral Resources and Energy Gwede Mantashe’s opening speech at the Africa Energy Indaba in Cape Town by staging a silent protest in front of the podium. Five protestors held up yellow placards that declared Coal = Corruption, Coal = Loadshedding... 

Image of Minister of Mineral Resources and Energy Gwede Mantashe's speech being disrupted at the 2023 Africa Energy Indaba
Greenpeace Africa activists during Gwede Mantashe's speech at the Africa Energy Indaba

Ramokgopa says assessment will determine what powers he needs to close 10 GW electricity deficit  

By: Terence Creamer     7th March 2023 Newly-appointed Minister of Electricity, Kgosientsho Ramokgopa, reports that he will conduct an assessment over the coming seven to 14 days to help determine what powers he will request President Cyril Ramaphosa to transfer to him to tackle a supply deficit of about 10 000 MW. Ramokgopa’s deficit... 

Minister of Electricity Kgosientsho Ramokgopa
Minister of Electricity Kgosientsho Ramokgopa

Australia leading the way in critical minerals - report

By: Esmarie Iannucci     7th March 2023 A new report by Geoscience Australia has shown that Australia’ was the world’s top lithium producer in 2021, and was among the top five global producer of 18 mineral commodities, including iron-ore, bauxite, gold, cobalt, mineral sands, rare earths, zinc and nickel. In the Identified Mineral... 

Image shows a lithium sample

Kgosientsho Ramokgopa appointed ‘transitory’ Minister of Electricity as Ramaphosa seeks urgent action on loadshedding 

By: Terence Creamer     6th March 2023 As anticipated, Dr Kgosientso Ramokgopa has been appointed as South Africa’s Minister of Electricity, a position which President Cyril Ramaphosa described as transitory and which has been created specifically to coordinate efforts to tackle the "severity and frequency of loadshedding as a matter... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Turn energy, logistics threats into opportunities, African Rainbow Minerals CEO urges  

By: Martin Creamer     6th March 2023 South Africa's energy and logistics threats should be turned into opportunities, says African Rainbow Minerals (ARM) CEO Mike Schmidt. Speaking to Mining Weekly in a Zoom interview following ARM’s presentation for 40% higher headline earnings at R5 171-million, Schmidt urged the country to never... 

African Rainbow Minerals (ARM) CEO Mike Schmidt.
African Rainbow Minerals CEO Mike Schmidt speaking to Mining Weekly's Martin Creamer. Video editing: Darlene Creamer

Infrastructure backlog, waning service delivery driving people to cities – TIPS

By: Schalk Burger     6th March 2023 There is a massive infrastructure backlog in historic labour-sending regions, or former homelands, and the share of households with piped water inside the house has declined in the Free State, North West, Mpumalanga and Limpopo since 1994, reflecting waning service delivery in these provinces.... 

African Rainbow Minerals declares R3bn interim dividend 

By: Martin Creamer     6th March 2023 The headline earnings of African Rainbow Minerals rose by 40% to R5 171 million in the six months to December 31, when the JSE-listed company maintained a robust financial position, with net cash of R9 548-million. An interim dividend of R14 a share amounting to R3 145-million has been declared... 

African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.

China gives new backing to coal even as clean energy accelerates

By: Bloomberg     6th March 2023 China signaled coal will retain its role as the country’s mainstay fuel even as the government continues to support the expansion of its world-leading clean energy industry. The nation that mines and burns more than half the world’s coal will keep supporting the fuel, while targeting more... 

DTIC to act as one-stop shop for streamlining of energy project applications  

By: Terence Creamer     3rd March 2023 The Department of Trade, Industry and Competition (DTIC) has been designated as the “single department” referred to in the recently published State of Disaster (SoD) regulations to coordinate the “streamlining and expediting of applications and decision-making procedures for regulatory processes... 

Forestry, Fisheries and Environment Minister Barbara Creecy says any environmental exemptions granted under yet-to-be-published directions will be approved on a 'case-by-case basis'
Photo by Creamer Media's Donna Slater
Forestry, Fisheries and Environment Minister Barbara Creecy says any environmental exemptions granted under yet-to-be-published directions will be approved on a 'case-by-case basis'

Bravus denies damages to water resources at Carmichael

By: Esmarie Iannucci     3rd March 2023 Queensland coal miner Bravus Mining and Resources on Friday said that the Environmental Protection Order issued by the state government was not as a result of damage done to the Doongmabulla springs, or to underground water at the much-maligned Carmichael mine. Bravus, which is the Australian... 

Image shows a truck at the Carmichael coal mine

Downsized M&R seeks salvation in mining and renewables after ‘devastating’ period 

By: Terence Creamer     2nd March 2023 Murray & Roberts (M&R) CEO Henry Laas has described the group’s loss of control over RUC Cementation Mining Contractors as a consequence of its Australian holding company, or MRPL, having been placed into voluntary administration as a particularly “tragic” consequence of recent “devastating”... 

M&R CEO Henry Laas
Photo by Creamer Media's Donna Slater
M&R CEO Henry Laas

CEZ seeks extension at Bilina lignite mine until 2035

By: Reuters     2nd March 2023 Czech utility CEZ is seeking to extend mining at its Bilina openpit lignite mine by five years to 2035, a company spokesman said on Thursday. While state-owned CEZ plans to cut the share of coal-fired plants in its electricity production to 12.5% by 2030, the government aims to phase out coal... 

Contango completes construction of pilot coke battery at Zim project

By: Creamer Media Reporter      1st March 2023 London-listed natural resource development company Contango Holdings has completed construction of a small-scale coke battery at its Lubu coal project, in Zimbabwe. The pilot coke plant will provide on-site capability to manufacture coke from washed coking coal produced at Lubu for testing by... 

Botswana mining growth seen flat amid dim diamond outlook

By: Reuters     1st March 2023  Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due to a contraction in consumer spending and weaker demand for diamond jewellery, a finance ministry official said on Wednesday. Overall mining output in 2022 rose by 8.2%. But this... 

TerraCom to face ASIC in court

By: Esmarie Iannucci     1st March 2023 The Australian Securities and Investment Commission (ASIC) has started civil proceedings against ASX-listed coal producer TerraCom, MD Daniel McCarthy, chief commercial officer Nathan Boom, former chairperson Wallace King and former director and deputy chairperson Craig Ransley. The case... 

Higher commodity prices failing to spur fixed mining investment  

By: Martin Creamer     28th February 2023 The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is... 

South African mining remained a trillion rand industry for the second year in 2022.
South African mining remained a trillion rand industry for the second year in 2022.

State of disaster regulations open way for emergency procurement, environmental exemptions  

By: Terence Creamer     28th February 2023 More than two weeks after President Cyril Ramaphosa announced that the electricity crisis had been declared a National State of Disaster, the regulations giving effect to that declaration have been Gazetted. In a statement issued on February 28, it was confirmed that the regulations were approved... 

Eskom power lines
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