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Coal News

Eskom should not probe CEO over racism allegation, advocate says

By: Bloomberg     31st May 2021 Eskom Holdings CEO Andre de Ruyter should not be subjected to an investigation over racism allegations leveled by the company’s now fired chief procurement officer, an advocate hired to make a ruling on the CPO’s conduct said. By setting up the probe in response to allegations leveled by the CPO,... 

Weekly Coal Index Report

31st May 2021 If China thought it could depress the price of Australian coal by banning it, they must surely be unpleasantly suprised. As Chinese domestic prices are back on the boil, the Newcastle forward curve has leaped ahead, with prices for 3-month delivery at over $120. 

Weekly Coal Index Report

Putin is betting coal still has a future

By: Bloomberg     31st May 2021 European governments are drawing up plans to phase out coal, US coal-fired power plants are being shuttered as prices of clean energy plummet, and new Asian projects are being scrapped as lenders back away from the dirtiest fossil fuel. And Russia? President Vladimir Putin’s government is... 

Putin is betting coal still has a future

Fitch lifts 2021 pricing assumptions for various metals 

By: Marleny Arnoldi     28th May 2021 Credit ratings agency Fitch Ratings has increased its copper price assumptions, among others, following “exceptionally” strong pricing conditions in the year-to-date. The agency declared a new price assumption of $9 000/t for this year, up from its previous assumption of $7 200/t.  

Activist's fight at Exxon started with lessons at a coal mine

By: Bloomberg     28th May 2021 The activist investor who just scored a major victory at Exxon Mobil this week says he learned a key lesson he brought to the boardroom battle from a failed coal mine he tried to launch in the mid-2000s. Chris James said in an interview Thursday that his experience sowed the seeds of what... 

Iron-ore price contributes to Afrimat’s ‘best ever’ financial position 

By: Marleny Arnoldi     27th May 2021 JSE-listed openpit miner Afrimat’s diversification strategy, along with a particularly strong iron-ore price, have supported the company’s overall profitability and ability to generate cash, despite impacts caused by the Covid-19 pandemic, in the financial year ended February 28. The group... 

Iron-ore price contributes to Afrimat’s ‘best ever’ financial position

Four energy scenarios that may define Southern Africa’s energy transition

By: Donna Slater     27th May 2021 Four vastly different energy transition scenarios, from very ambitious to the least ambitious, were posited by management advisory Africa International Advisors integrated energy practice leader Henry Gilfillan this week. The four scenarios, presented during a webinar on hydrogen, gas and... 

Resources Watch  

27th May 2021 This week: SAEC name change to Seriti Power signals coal miner’s new broader energy vision; Hire jobless geologists to capture much-needed exploration data; and, Menar expects first ore from inaugural manganese mine in July 

Resources Watch
Resources Watch

Court ruling paves way for Whitehaven expansion

By: Bloomberg     27th May 2021 Australia’s pro-coal government and one of the country’s largest producers of the fossil fuel won a court battle against an 86 year-old nun and eight teenagers seeking to block a mine expansion over climate change. The ruling paves the way for Whitehaven Coal to develop a project that will... 

Court ruling paves way for Whitehaven expansion

South Africa may need to save indebted State firms, Finance Minister says

By: Bloomberg     27th May 2021 South Africa’s cash-strapped State companies may struggle to refinance their debts, requiring the government to provide support, Finance Minister Tito Mboweni said. The ten most-indebted State firms have an estimated R289.9-billion in loans maturing by the end of March 2025, Mboweni said in a... 

South Africa may need to save indebted State firms, Finance Minister says
Finance Minister Tito Mboweni

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

Concern over lack of JSE listings ahead of Junior Indaba
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Demerger of Anglo American’s South Africa thermal coal operations on track

By: Tasneem Bulbulia     26th May 2021 Diversified miner Anglo American announced that, on May 26, the High Court of Justice in England and Wales sanctioned the scheme of arrangement and confirmed the reduction of share premium required to effect the demerger of its South Africa thermal coal operations, pursuant to the UK Companies... 

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Govt-Minerals Council team established to promote exploration – Mgojo
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Nolitha Fakude first woman mining industry president in 131 years
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Following long period of disruption, potential renewables bidders show strong interest in South Africa again 

By: Terence Creamer     26th May 2021 South Africa’s renewable-energy procurement programme, which finally resumed again on April 12 following a seven-year disruption, continues to attract strong interest with some 800 people, including representatives from over 300 registered bidders, participating in a virtual bidders conference on... 

Following long period of disruption, potential renewables bidders show strong interest in South Africa again
IPP Office head Bernard Magoro speaks during the bidders conference

China’s crypto mining crackdown followed deadly coal accidents

By: Bloomberg     26th May 2021 China’s escalating push to rein in cryptocurrency mining was triggered in part by concern that the practice has stoked a surge in illicit coal extraction, endangering lives and undermining Xi Jinping’s ambitious environmental goals. Authorities decided to act after concluding the spike in... 

‘Ambiguous’ draft Electricity Regulation Act amendment will fail to unlock investment

By: Terence Creamer     26th May 2021 A regulatory reform exempting small and medium-sized electricity generation projects from the requirement of a National Energy Regulator of South Africa (Nersa) licence is an “obvious and easy way to liberate a huge pipeline of investment that will assist South Africa to have sufficient... 

‘Ambiguous’ draft Electricity Regulation Act amendment will fail to unlock investment
Photo by Creamer Media
Professor Anton Eberhard

Eskom debt solution remains a ‘work in progress’ despite reduction to R401bn 

By: Terence Creamer     25th May 2021 Public Enterprises Minister Pravin Gordhan reported on Tuesday that, while Eskom was able to reduce its debt by R83-billion, from R484-billion to R401-billion, during the 2021 financial year, efforts to find a lasting solution to the State-owned utility’s unsustainable debt remained a “work in... 

Eskom debt solution remains a ‘work in progress’ despite reduction to R401bn
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Czech govt ready to talk about Turow mine with Poland

By: Reuters     25th May 2021 The Czech government is ready to talk with Poland about the Turow lignite mine, where the Czech side wanted mining to stop, Environment Minister Richard Brabec said on Monday. The Court of Justice of the European Union said last week that Poland must immediately stop mining lignite coal at the... 

Atrum hoping to change minds

By: Esmarie Iannucci     25th May 2021 Coal hopeful Atrum Coal has launched an information offensive around its Elan project, in Alberta, in the hopes of swaying opinions on the proposed hard coking coal project. The ASX-listed company earlier this year announced that it would pause prefeasibility studies on the Elan project after... 

Atrum hoping to change minds

50 MW reform won't hurt Eskom and would stimulate recovery, leading proponent outlines in submission 

By: Terence Creamer     25th May 2021 The organisation whose initial analysis indicated that reforming Schedule 2 of the Electricity Regulation Act to exempt embedded generation projects of at least 50 MW in size from the country’s cumbersome licencing process could unlock 5 000 MW of new capacity within five years has made its... 

50 MW reform won't hurt Eskom and would stimulate recovery, leading proponent outlines in submission

EIUG rejects ‘arbitrary licensing threshold’ as 10 MW versus 50 MW debate rages 

By: Terence Creamer     24th May 2021 Large electricity consumers have again called for proposed amendments to Schedule 2 of the Electricity Regulation Act, which governs the registration and licensing of distributed-generation plants, to be “meaningful” in a context where load-shedding cost the economy up to R160-billion in 2020... 

EIUG rejects ‘arbitrary licensing threshold’ as 10 MW versus 50 MW debate rages

First warning sign in the global commodity boom flashes in China

By: Bloomberg     24th May 2021 One pillar of this year’s blistering commodities rally – Chinese demand – may be teetering. Beijing aced its economic recovery from the pandemic largely via an expansion in credit and a state-aided construction boom that sucked in raw materials from across the planet. Already the world’s biggest... 

First warning sign in the global commodity boom flashes in China

Iron-ore tumbles as China's price warning grips markets

By: Reuters     24th May 2021 Asia's iron-ore futures tumbled on Monday, leading another bout of selling in the metals complex, after China's state planner warned against commodity price manipulation and vowed to clamp down on speculative trading. The most-traded iron-ore contract for September delivery on China's Dalian... 

New Elk coal mine in Colorado starts production

By: Esmarie Iannucci     24th May 2021 First coal has been produced at the New Elk mine, in Colorado. ASX-listed Allegiance Coal on Monday reported that while coal production had been pushed back by three weeks, owing to delays in obtaining operational plan approvals from Mine Safety and Health Administration, it meant that the mine... 

New Elk coal mine in Colorado starts production

Weekly Coal Index Report

24th May 2021 The G7 nations have come out with a call to end all forms of coal finance. This was clearly a move to pressure China, who is not in the block. It does of course also ramp up pressure internationally on both public and private financiers. However, as our latest research reveals, this could prove... 

Weekly Coal Index Report

Buffalo's quarterly loss narrows

By: Marleny Arnoldi     21st May 2021 TSX- and JSE-listed Buffalo Coal Corporation has posted a net loss of R60.1-million for the three months ended March 31, compared with a net loss of R106-million in the three months ended March 31, 2020. The company reported a normalised headline loss a share of R0.14 apiece in the quarter... 

Exxaro says decarbonisation journey is imperative for growth

By: Marleny Arnoldi     21st May 2021 Although it is predominantly a coal producer, diversified miner Exxaro Resources says it supports the work of the Presidential Climate Change Coordinating Commission to reduce the country’s emissions in the context of overcoming poverty and inequality. “Climate change is one of the most... 

Poland ordered by EU court to halt output at major lignite mine

By: Bloomberg     21st May 2021 Poland may need to shut down a coal-fired power plant supplying 7% of the country’s electricity after the European Court of Justice sided with the Czech Republic’s environmental suit against its northern neighbour. The tribunal ordered Poland’s biggest utility PGE to halt lignite extraction from... 

Poland ordered by EU court to halt output at major lignite mine

Stranded Australian coal cargo arrives in China after 356 days at sea

By: Reuters     21st May 2021 The Jag Anand, stranded off the Chinese coast for 356 days with Australian coal, left the port of Jingtang yesterday after delivering its cargo, according to shipping data analysed by Bloomberg. Chartered by Cargill, the vessel left the port of Gladstone on May 26 last year, laden with 174 000 t... 

Operation Vulindlela ‘close to resolving’ debate on easing path for distributed power projects  

By: Terence Creamer     21st May 2021 Deputy Finance Minister David Masondo reports that Operation Vulindlela is close to resolving an ongoing policy discussion within government on the reforms needed to increase electricity supply “by allowing the private sector to invest more freely in its own generation”. Delivering his Budget... 

Operation Vulindlela ‘close to resolving’ debate on easing path for distributed power projects

Mine fosters symbiosis

By: Claire O'Reilly     21st May 2021 An electrification project, which was started in 2019 during the construction of the Masama coal mine – owned by coal mining and trading company Minergy Coal – in Botswana, has progressed to benefit 500 people in the village of Medie, situated 20 km from the mine.  

Mine fosters symbiosis
MEDIE PRIMARY SCHOOL ASSEMBLY Back to school for Medie primary school and back to work for Minergy Coal to provide electricity and computers to learners

Water preservation essential for mine

By: Claire O'Reilly     21st May 2021 Coal mining and trading company Minergy Coal completed the installation of two-phase water-efficient technology at its Masama coal mine, in Botswana, in March. 

Water preservation essential for mine
DEWATERING CIRCUIT Fine material is pumped to a high frequency dewatering screen to remove excess water, producing manageable dry fine material ready for dispatch

Numsa, NUM says Eskom fails to 'engage meaningfully' in wage negotiations

By: Donna Slater     20th May 2021 Labour unions the National Union of Metalworkers of South Africa (Numsa) and the National Union of Mineworkers (NUM) on May 20 said State-owned power utility Eskom's management team had refused to "engage meaningfully" in ongoing wage negotiations. In a joint statement, the unions said Eskom was... 

Menar expects first ore from inaugural manganese mine in July   

By: Marleny Arnoldi     20th May 2021 Mining investment firm Menar has officially launched its first-to-portfolio manganese mine, East Manganese, in Hotazel, in the Northern Cape. MD Vuslat Bayoğlu expects the mine to produce its first ore in July and to ramp up to nameplate capacity of processing 30 000 t a month of ore by August.  

Menar expects first ore from inaugural manganese mine in July
Menar MD Vuslat Bayoğlu discusses the company's new East Manganese mine

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Climate is global issue that exceeds anything seen in centuries – Anglo
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.

Judge to rule after South Africa sued over Sasol, Eskom pollution

By: Bloomberg     20th May 2021 A judge is set to rule after the first ever case filed against the government over its alleged failure to crack down on air pollution emitted by power plants operated by Eskom Holdings and refineries owned by Sasol. The case was filed in the Pretoria High Court by groundWork, an... 

Judge to rule after South Africa sued over Sasol, Eskom pollution
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