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Coal News

New trade idea for South Africa is debt relief for climate goals

By: Bloomberg     9th September 2021 Politicians and academics are turning their attention to a new trade pitch for South Africa: debt relief in exchange for progress toward global climate goals. The debt-for-climate concept, which was floated by International Monetary Fund MD Kristalina Georgieva in April, has been picked up by... 

Pitt sets up barricades around the coalface

By: Esmarie Iannucci     9th September 2021 Federal Resources and Water Minister Keith Pitt has, for the second time this week, defended the role of coal in the Australian economy. Pitt said in a statement on Thursday that Australian coal would not be staying in the ground while it continues to provide thousands of jobs and bring... 

Image shows coal loader at work

Blair Athol in line for higher prices

By: Esmarie Iannucci     9th September 2021 Junior TerraCom is projecting revenues of A$178/t from its Blair Athol coal operation, in Queensland, during September. The ASX-listed company told shareholders on Thursday that the project was expected to generate operating cash margins of more than A$100/t during this period, as it capitalized... 

South Africa’s green hydrogen ‘first mover’ opportunity based on three structural advantages  

By: Terence Creamer     8th September 2021 South Africa has three favourable structural characteristics that potentially give it a “first mover advantage” to become a global green-hydrogen leader, Sasol CEO Fleetwood Grobler argued in his address during a ‘Hydrogen Economy Discussion’ facilitated by well-known mining personality Bernard... 

Sasol CEO Fleetwood Grobler
Sasol CEO Fleetwood Grobler

South Africa’s updated NDC climate pledge to be released ‘very soon’ 

By: Terence Creamer     7th September 2021 Forestry, Fisheries and the Environment Minister Barbara Creecy reported on Tuesday that South Africa’s revised Nationally Determined Contribution (NDC), which is to be deposited with the United Nations Framework Convention on Climate Change later this year, is close to being finalised and will... 

Forestry, Fisheries and Environment Minister Barbara Creecy
Photo by Creamer Media's Donna Slater
Forestry, Fisheries and Environment Minister Barbara Creecy

Asia's coal prices hit new highs as global utilities scramble for fuel

By: Reuters     7th September 2021 Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange jumped more than 4% on Tuesday to a record high... 

An image of an electric power station.

ANC offers strong endorsement of Eskom’s just energy transaction following lekgotla  

By: Terence Creamer     7th September 2021 The National Executive Committee (NEC) of the African National Congress (ANC) has given its backing to the just energy transaction being pursued by State-owned electricity producer Eskom. In closing remarks following the NEC’s September lekgotla, ANC president Cyril Ramaphosa said that the... 

Photo of the Komati power station
The Komati power station

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

Colombia accepts relinquishment of Glencore's Prodeco contracts

By: Mariaan Webb     6th September 2021 Diversified major Glencore said on Monday that Colombia had accepted the previously-denied request of its Prodeco subsidiary to hand back its licences for coal mines in that country. Glencore in February approached the government to start the process of relinquishing its contracts after the... 

Colombia accepts relinquishment of Glencore's Prodeco contracts

Sasol, UCT confirm progress on catalysts that convert hydrogen, CO2 into green jet fuel 

By: Terence Creamer     6th September 2021 Energy and chemicals group Sasol, which aims to become a leader in South Africa’s promising green hydrogen industry, reports that research advancements have been achieved that are supportive of the conversion of hydrogen and carbon dioxide (CO2) into green jet fuel and chemicals. Made in... 

Photo of research under way at Sasol Research & Technology

Weekly South African Coal Report

6th September 2021 The September roll-over sees a massive jump in spot monthly prices, with a further strengthening of the forward curve, which remains significantly backwardated. The story of coal’s meteoric price rise in 2021 has been one of expensive natural gas and underperforming renewables in the face of... 

An image of the latest coal prices

Australian coal's future assured 'well beyond 2030' - Minister

6th September 2021 Coal will remain a significant contributor to the Australian economy well beyond 2030 as global demand continues to grow, federal Minister for Resources and Water Keith Pitt said. Pitt said the latest export figures show the reports of coal’s impending death are greatly exaggerated and its... 

Eskom CEO says carbon capture being considered in South Africa

By: Bloomberg     3rd September 2021 Eskom Holdings, South Africa’s biggest emitter of greenhouse gases, is evaluating the use of carbon capture at power plants as part of decarbonisation plans to transform the coal-burning utility. The process that captures carbon-dioxide emissions would need to be financially viable, CEO Andre de... 

TFR approaches customers on security levy to raise funds for rapid security overhaul  

By: Terence Creamer     3rd September 2021 State-owned railway utility Transnet Freight Rail (TFR) is approaching its customers about instituting a three-year security levy, which will be used to raise the funding needed for the rapid deployment of technology-based security solutions across a network that is currently collapsing under the... 

A photo of a TFR locomotive

China’s conflicting climate and economic goals roil commodities 

By: Bloomberg     2nd September 2021 China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets. The world’s biggest consumer of raw materials, and a major producer of some of them, is... 

China’s conflicting climate and economic goals roil commodities

China opens border to Mongolian coal but market remains tight

By: Bloomberg     1st September 2021 China has reopened its border crossing for Mongolian coal imports, but shipments remain limited and so far insufficient to alleviate a persistent supply crunch, particularly of steel-making coal. The Gashuunsukhait-Ganqimaodu crossing reopened on Tuesday, according to Fengkuang Coal Logistics,... 

Eskom warns of ongoing injections unless solution is found to ‘unsustainable’ debt 

By: Terence Creamer     31st August 2021 State-owned power utility Eskom’s debt burden remains “unsustainable” despite an R81.9-billion reduction in its gross debt to R401.8-billion in the year to March 31, 2021, during which the entity remained a going concern only because of a R56-billion government injection. The utility reported a... 

Photo of CEO Andre de Ruyter
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Exxaro makes Top 100 Best Emerging Market list for fifth time

By: Marleny Arnoldi     31st August 2021 JSE-listed diversified miner Exxaro Resources has again featured on the Top 100 Best Emerging Market performers by Vigeo Eiris, which is part of Moody’s Environmental, Social and Governance (ESG) Solutions. The Vigeo Eiris ranking indicators reflect a company’s performance in five areas of... 

Exxaro CEO Mxolisi Mgojo
Exxaro CEO Mxolisi Mgojo

NSW rejects Posco's bid to build new coal mine, rail line

By: Reuters     31st August 2021 New South Wales's planning regulator on Tuesday rejected a plan by a unit of South Korea's Posco to develop a coking coal mine and rail line in the Australian state, saying that the environmental and social impacts would be too great. The Independent Planning Commission (IPC) declined to grant... 

Bowen Coking Coal reports maiden resource for Hillalong South

By: Esmarie Iannucci     31st August 2021 ASX-listed Bowen Coking Coal has reported a maiden 44-million tonne resource at the Hillalong South coking coal project, in Queensland. Bowen on Tuesday noted that some 26-million tonnes of the Joint Ore Reserves Committee compliant resource was classified as indicated, with a further 18-million... 

Eskom considers R106bn in wind and solar investment by 2030

By: Bloomberg     30th August 2021 Eskom Holdings, which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending R106-billion on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the... 

An image of wind turbines

Govt targets August next year, or sooner, for third-party rail access  

By: Irma Venter     30th August 2021 The current target date for enabling third-party operators in the rail-freight sector is August next year, says Dr Sean Phillips, head of National Treasury’s Operation Vulindlela unit. There are, however, ongoing efforts under way to speed up the time frame put on the table by Transnet, he adds. 

An image of a Transnet rail line

Weekly SA Coal Report

30th August 2021 A bullish start to the week was followed by more subdued activity, as spot Australian prices retain their strength around $170/mt, with European prices not too far behind. India is having to restrict coal supplies to power plants with more than 15 days stock, in order to redistribute supplies to... 

ASM logo

Botswana’s Minergy Coal revives LSE listing plans

By: Reuters     27th August 2021 Botswana’s only privately-owned coal miner Minergy has revived plans to list its shares on the London Stock Exchange (LSE) to reduce debt and increase output amid a global commodities boom, its chief executive officer said on Friday. In 2018, Minergy shelved plans for an initial public offering... 

Botswana’s Minergy Coal revives LSE listing plans

As Mpumalanga towns plot future beyond coal, workers express pain over mine closures 

By: Terence Creamer     27th August 2021 The Steve Tshwete local municipality, in Mpumalanga, which is at the epicentre of South Africa’s coal industry, is revising its Local Economic Development (LED) strategy to take account of the anticipated closure of coal mines and power stations and create the framework for a more diversified... 

The Komati coal-fired power station, which will be fully decommissioned in 2022
The Komati coal-fired power station, which will be fully decommissioned in 2022

Whitehaven struggles in 2021

By: Esmarie Iannucci     27th August 2021 Coal miner Whitehaven Coal has reported a net loss after tax of A$543.9-million for the financial year ended June, following impairment charges of A$456.6-million. “2021 was very much a year of highs and lows both operationally and in terms of factors outside our control,” said MD and CEO Paul... 

New Elk resumes full production

By: Esmarie Iannucci     26th August 2021 Coal miner Allegiance Coal has resumed full operations at its New Elk mine, in Colorado. The miner earlier this month reduced production rates at the coal mine after three cases of Covid-19 were reported at the site. 

Exxaro wins globally-recognised ESG award

By: Simone Liedtke     25th August 2021 Diversified miner Exxaro Resources has won the Best Sustainability Reporting Award in the Metals & Mining category in the 2021 Environment, Social and Governance (ESG) Reporting Awards. Exxaro, which operates in the coal mining and renewable energy generation sectors, and which is invested in... 

Pic/Image of Exxaro mine equipment.

BHP turns to electric pickups as miners seek emissions cuts

By: Bloomberg     25th August 2021 BHP Group and Mitsubishi Corp will deploy electric pickup trucks and fast-charging units at an Australian coal mine to test technology that could aid the challenging task of cutting the sector’s greenhouse gas emissions. The BHP Mitsubishi Alliance joint venture, Australia’s top coal producer,... 

China coal approvals seen adding to confusion on climate action

By: Bloomberg     25th August 2021 Approvals for major new coal power plants by China’s local authorities show the tension in the nation’s efforts to meet climate goals, even as the overall total of projects given the go-ahead falls, according to campaigners. Local authorities approved 24 plants with a combined capacity of 5.2... 

China coal approvals seen adding to confusion on climate action

Transnet, Minerals Council to strengthen cooperation to improve network operations

By: Schalk Burger     24th August 2021 State-owned Transnet and mining industry organisation Minerals Council South Africa have agreed to collaborate to ensure operational improvements across the freight system to get back to target performance levels in the short term and then to position for growth in the future. The organisations... 

An image of Transnet Freight Rail's iron-ore rail corridor

Edenville enthuses about business turnaround in Tanzania

By: Simone Liedtke     24th August 2021 The induction of newly appointed Tanzanian President Samia Hassan has seen “considerable positive sentiment in the country”, which Aim-listed Edenville Energy says appears to be translating into improved business confidence and action. In addition, the increase in the coal price, which has more... 

Resources Watch  

24th August 2021 This week: Omnia firmly in a growth phase following restructuring; Thungela speedy in putting R6m into trust for communities around its coal mines; and, Marikana massacre commemorated with second yearly memorial lecture 

Resources Watch image
Resources Watch

South Africa aims to bring pilot carbon capture project online in 2023 

By: Reuters     23rd August 2021 South Africa has started geological mapping at the country's first carbon capture and storage (CCS) site, where it plans to inject vast quantities of carbon dioxide (CO2) deep underground from 2023, a senior Council for Geoscience official said. The project will be based around the town of... 

Weekly Coal Index Report

23rd August 2021 The RB1 curve remained resilient amidst some serious falls in European and Australian coal prices. Global coal prices have come off the boil somewhat, as oil, gas and power markets also subsided. 

A table of Spot Market Prices

Blair Athol has a decade left - TerraCom

By: Esmarie Iannucci     23rd August 2021 Junior TerraCom has extended the mine life of its Blair Athol coal mine, in Queensland, by some ten years. The ASX-listed company on Monday reported that independent expert Deswik Mining Consultants had completed a revised Joint Ore Reserves Committee compliant reserve assessment of the project,... 

Buffalo records losses in first half

By: Donna Slater     20th August 2021 JSE- and TSX-V-listed coal miner Buffalo Coal Corporation recorded a 14% drop in revenue for the half-year to June 30, to R174.27-million, from the R201.65-million recorded in the first half of 2020. As for the financial performance in the second quarter, the miner managed to increase its... 

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