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Coal News

Polish coal boss warns of unemployment jump if mines close too fast

By: Reuters     16th December 2020 A rapid closure of coal mines will lead to a jobless rate of up to 50% in some towns in Poland's southern coal region of Silesia, the chief executive of the country's biggest coal producer PGG said on Wednesday. Poland generates most of its electricity from burning coal and is the only European... 

Tigers Realm raises A$43m for Russian mine

By: Esmarie Iannucci     16th December 2020 Tigers Realm Coal has announced plans to raise A$43.5-million through an accelerated renounceable rights offer to fund the construction and commissioning of its coal handling and preparation plant (CHPP) in Russia. The ASX-listed company on Wednesday said that it would issue more than... 

Tigers Realm raises A$43m for Russian mine

Reserves declared at Winchester South

By: Esmarie Iannucci     16th December 2020 Coal miner Whitehaven Coal has reported a maiden Joint Ore Reserves Committee compliant reserve of 350-million tonnes at its Winchester South metallurgical coal project, in Queensland. The project’s resource has been upgraded to 1.1-billion tonnes, from the 530-million tonnes previously... 

End-of-year thermal coal price rally to run out of steam in early 2021

By: Creamer Media Reporter      16th December 2020 The supply squeeze in the seaborne thermal coal market brought on by China ramping up imports of non-Australian thermal coal at a time of a cyclical upswing in global demand has pushed thermal coal prices higher, but Fitch Solutions believes the price rally will lose momentum in the first half of... 

End-of-year thermal coal price rally to run out of steam in early 2021

EIUG notes concern about Eskom's operational, financial performance

By: Creamer Media Reporter      15th December 2020 The Electricity Intensive Users Group of Southern Africa (EIUG) says it remains concerned about the operational and financial performance of power utility Eskom. This comes as Eskom on Monday reported an interim profit of R83-million, but warned of a full-year loss of R22.1-billion. 

China to prioritise Russian/Indonesian coal - report

By: Esmarie Iannucci     15th December 2020 The Australian government on Tuesday said that it would "defend the rights" of Australian exporters after reports emerged that China was restricting imports of Australian coal in favour of coal sourced from Indonesia and Russia. A report by the Global Times reported that China’s National... 

China to prioritise Russian/Indonesian coal - report

Eskom outlines streamlined restructuring model to deliver independent grid company by end-2021  

By: Terence Creamer     14th December 2020 Eskom CEO Andre de Ruyter outlined a streamlined approach on Monday to the vertical separation of the State-owned utility into three businesses of generation, distribution and transmission, which he said could accelerate the process of establishing an Eskom-owned independent transmission system... 

Eskom outlines streamlined restructuring model to deliver independent grid company by end-2021
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Weekly Coal Index Report

14th December 2020 If only one could rely on the fourth-quarter rally every year as a given. As traders roll their positions, the forward curve is flattening nicely, giving miners the chance to lock in forward prices at very favourable dollar rates. Coal-fired generation demand has certainly picked up in Asia,... 

Weekly Coal Index Report

Resgen finalises legal documentation for additional Noble funding

By: Creamer Media Reporter      14th December 2020 ASX- and JSE-listed Resource Generation (Resgen) has finalised the legal documentation related to an in-principle financial support agreement with lender Noble Group. Noble last month agreed to provide up to an additional $920 000 in funding to Resgen operating subsidiary Ledjadja Coal. 

Coal mining accidents tests China’s control of its cheapest fuel

By: Bloomberg     11th December 2020 At China’s biggest coal event in the mining hub of Shanxi, the industry’s top executives signed deals over three days for more coal than other nations typically use in a year. But the bustling deal-making signals deeper problems in a market vital to the smooth-running of the world’s... 

Exxaro Belfast Coal qualifies 60 trainees through skills development programme

By: Tasneem Bulbulia     11th December 2020 Diversified miner Exxaro Resources’ Belfast Coal recently completed a R1.5-million training programme that benefitted over 60 unemployed young people from Emakhazeni local municipality. The programme mainly targeted young black women from host farming communities as part of the mine’s social... 

Runway extended for Cumberland coal mine under new ownership

By: Creamer Media Reporter      11th December 2020 Metallurgical coal miner Contura Energy has closed its transaction with Iron Senergy Holding for the divestment of the Cumberland thermal coal mine and related assets in Greene county, Pennsylvania. The subsidiaries that hold the Cumberland and Emerald mines and the associated coal reserves,... 

Runway extended for Cumberland coal mine under new ownership

Proactive second half for coal giant

By: Halima Frost     11th December 2020 Diversified miner Exxaro, one of South Africa’s leading coal and coking coal producers, tells Mining Weekly that three of its five coal investment projects started production in the second half of this year. The projects include the Grootegeluk 6 expansion project, the Leeuwpan life expansion... 

Proactive second half for coal giant
GOOD LUCK The Grootegeluk mine has proven its mettle being Exxaro's most prominent mines

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

October mining production down 6.3% y/y, sales rise 30.7% year-on-year 

By: Donna Slater     10th December 2020 South Africa's mining production decreased by6.3% year-on-year in October, Statistics South Africa (Stats SA) reports. The most significant contributors to the decrease were iron-ore, which was down 26.5%, contributing -2.6 percentage points to the overall industry performance; while chromium... 

Standard Bank publishes climate-change-mitigating fossil fuels financing policy 

By: Donna Slater     10th December 2020 Financial services company Standard Bank Group has published its Fossil Fuels Financing Policy (FFFP) as part of its efforts to improve its management of environmental, social and governance (ESG) risks and contribute to the sustainable development of Africa.   This follows the 2019 adoption of... 

Standard Bank publishes climate-change-mitigating fossil fuels financing policy

Coronado continues to increase mining at Curragh

By: Esmarie Iannucci     9th December 2020 Coal miner Coronado Global Resources has tapped mining services provider NRW Holding’s subsidiary Golding Contractors to increase mining plant at the Curragh mine, in Queensland. NRW on Wednesday said that it would introduce a fifth and sixth fleet at Curragh, in addition to its current mining... 

Social partners ink compact on reducing Eskom’s debt and facilitating ‘just transition’ to renewables  

By: Terence Creamer     8th December 2020 Organised business, labour, community and government have officially signed a social compact in support of debt-laden Eskom that also endorses the need for a “just transition” for coal workers and communities as the electricity system begins to transition to higher levels of renewable energy and... 

Social partners ink compact on reducing Eskom’s debt and facilitating ‘just transition’ to renewables

China issues coal buying mandate amid supply shortage, price gains

By: Reuters     8th December 2020 China's central State planner issued a mandate to coal buyers on Monday to sign medium and long-term contracts to ensure stable supplies next year, against the backdrop of recent gains in coal prices. The National Development and Reform Commission (NDRC) said coal miners should provide at least... 

Mining benchmarks consolidated in ICMM report to help address responsible production, sustainability

By: Donna Slater     8th December 2020 The International Council on Mining and Metals (ICMM) has published a series of equivalency benchmarks to assist in addressing stakeholder concerns around responsible production, and the recent proliferation of sustainability standards. The benchmarks compare the requirements of ICMM’s mining... 

EIUG urges members to apply for relief under negotiated pricing agreement framework 

By: Terence Creamer     8th December 2020 The Energy Intensive Users Group of Southern Africa (EIUG) has welcomed the ‘Short-Term and Interim Long-Term Negotiated Pricing Agreement (NPA) frameworks’ approved by the Department of Mineral Resources and Energy (DMRE) and is encouraging its members to apply for these opportunities where... 

EIUG urges members to apply for relief under negotiated pricing agreement framework

Elan economics adjusted - Atrum

By: Esmarie Iannucci     8th December 2020 An updated scoping study into the Elan hard coking coal project, in Alberta, Canada, has increased the mine life by six years, while reducing operating costs by 6%. ASX-listed Atrum Coal said the updated scoping study incorporated the Isolation South resource upgrade into an enlarged and... 

MC Mining looking for new CEO

By: Esmarie Iannucci     8th December 2020 Coal miner MC Mining has launched an executive search after acting CEO and executive director Brenda Berlin has announced that she would be stepping down on February 15. Berlin joined MC Mining in April 2019 as an executive director and CFO, and was appointed acting CEO in February of this year. 

Seifsa calls for moratorium on power hikes as Eskom makes case for cost-reflectivity 

By: Terence Creamer     7th December 2020 Steel and Engineering Industries Federation of Southern Africa (Seifsa) used the platform created by ongoing National Energy Regulator of South Africa (Nersa) hearings to call for a moratorium on additional electricity tariff hikes, arguing that further increases would undermine the country’s... 

Seifsa calls for moratorium on power hikes as Eskom makes case for cost-reflectivity

China holds meeting on coal mine safety after accidents

By: Bloomberg     7th December 2020 Chinese authorities held an emergency meeting on Sunday after recent major accidents at coal mines, calling for “decisive measures” to control risks and curb such incidents. Additional safety checks at mines in top producing provinces have crimped output at a time of strengthening demand,... 

Botswana’s Morupule to boost coal output by 35% with new mine

By: Reuters     7th December 2020 State-owned Morupule Coal Mine (MCM) will boost annual output by 35% to 3.8-million tonnes a year in 2021 after completion of a new open-cast mine under construction in the central region of Botswana, it said on Monday. Despite the country's estimated 212 billion tonnes of coal resources, MCM was... 

Weekly Coal Index Report

7th December 2020 Supply remains tight in the Asia Pacific region with Australian prices playing catch-up to a firm Richards Bay Coal Terminal market. Chinese domestic coal prices remain volatile with a confused supply picture sans Australian coal. The rest of the energy complex is also relatively strong with... 

Weekly Coal Index Report

Retiring Glasenberg handing over Glencore reins to Gary Nagle  

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Wescoal focus shifts to cost-savings as mining operations stabilise

By: Marleny Arnoldi     4th December 2020 JSE-listed coal miner, trader and supplier Wescoal has managed to generate a net profit of R11-million in the six months ended September 30, despite the impact of Covid-19, low growth and a low price environment. The company reported a loss of R51-million in the corresponding six-month period.  

Wescoal focus shifts to cost-savings as mining operations stabilise
Photo by Creamer Media
Wescoal's Elandspruit mine

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

By: Simone Liedtke     4th December 2020 Diversified miner Exxaro Resources has partnered with the Steve Tshwete local municipality and mining companies Arnot OpCo, Anglo American Coal South Africa and Glencore to establish an enterprise development centre (EDC) for local entrepreneurs in the Mhluzi township, in Middelburg, Mpumalanga.... 

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

Exxaro output, sales for the year on par with last year despite dampened markets

By: Marleny Arnoldi     3rd December 2020 In a pre-close update provided on December 3, JSE-listed diversified miner Exxaro Resources said the easing of Covid-19 lockdowns around the world in the latter part of the year had helped to increase coal offtake volumes in both the domestic and international markets. FD Riaan Koppeschaar... 

Exxaro output, sales for the year on par with last year despite dampened markets
Photo by Creamer Media's Donna Slater
Exxaro FD Riaan Koppeschaar

China to allow Australian coal cargo ashore despite ban

By: Reuters     3rd December 2020 China is set to allow a shipment of Australian coal into the country, according to a person familiar with the matter, despite a ban on such imports remaining in place as tensions between Beijing and Canberra escalate. A cargo of 135 000 tons of Australian thermal coal on the vessel Alpha Era,... 

China to allow Australian coal cargo ashore despite ban

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals

By: Terence Creamer     2nd December 2020 Debt-laden chemicals and energy group Sasol is keeping its rights-issue powder dry, indicating on Wednesday that a final decision on any possible issuance, including its scale, will depend on various factors, including whether or not it is successful in completing yet more asset disposals. CEO... 

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Resources Watch 

2nd December 2020 This week: Anglo praised for blazing decarbonised mining trail with hydrogen truck project; Omnia firmly in ‘fix and renew’ phase following September interim period; and, Coal mine on point of turning acid mine drainage into potable water at no cost 

Resources Watch
Resources Watch

China coking coal surges as Covid throttles Mongolia border

By: Bloomberg     2nd December 2020 Coking coal prices in China have soared to a four-year high after a new Covid-19 outbreak slowed border crossings from Mongolia. Trucks carrying coal across the border have fallen by about 80% since October amid efforts to control the virus as hundreds of new cases arise in Mongolia, according... 

China coking coal surges as Covid throttles Mongolia border

Insurers might be shunning coal, but they still like fossil fuels

By: Bloomberg     2nd December 2020 Even as more insurers across the globe back away from coal, many in the US continue to encourage fossil fuel pollution by underwriting the risk involved in oil and gas exploration and production. At least 65 insurers representing $12-trillion worth in assets have either begun divesting coal... 

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