R/€ = 16.79 Change: 0.02
R/$ = 15.71 Change: -0.05
Au 1856.05 $/oz Change: -3.72
Pt 950.00 $/oz Change: -15.00

Coal News

Minerals Council spells out members’ commitment to climate change mitigation 

By: Martin Creamer     11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... 

Gold Fields’ South Deep to generate own solar at 8.5% of Eskom grid cost

By: Martin Creamer     10th May 2022 Gold Fields’ South Deep gold mine west of Johannesburg in Gauteng will be generating its own solar power at a mere 8.5% of the cost of power from the national grid. The JSE- and New York-listed company is also optimistic that it will be successful in augmenting the solar power generated with wind... 

supplied picture
Gold Fields VP South Africa Martin Preece

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba 

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

Creamer Media picture taken of screen
Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

Minerals Council president urges miners to be uncompromising on safety and be inclusive

By: Rebecca Campbell     10th May 2022 Minerals Council of South Africa president Nolitha Fakude has urged South African mining companies to bring their environmental, social and corporate governance (better known as ESG) policies, programmes and reporting into line with the United Nations Sustainable Development Goals (SDGs). She was... 

South Africa has significant implementation crisis – Minerals Council 

By: Martin Creamer     9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... 

supplied picture
Minerals Council South Africa CEO Roger Baxter.

South Africa gearing up to negotiate ‘new paradigm’ climate finance deal 

By: Terence Creamer     9th May 2022 South Africa aims to pursue a financing solution that embraces a “different paradigm” with regard to the allocation of risk, as well as return expectations and investment horizons, when negotiating the terms and conditions of a $8.5-billion climate finance offer made in November by several... 

Presidential Climate Finance Task Team head Daniel Mminele
Presidential Climate Finance Task Team head Daniel Mminele

Tendele takes remedial action on mining right ‘irregularities’

By: Marleny Arnoldi     9th May 2022 Tendele Coal Mining (TCM) had vowed to conduct a comprehensive public participation process and had already compiled 27 additional specialist studies addressing some intended additional mining operations at the Somkhele mine, in KwaZulu-Natal. This follows after the Pretoria High Court ruled in... 

Green hydrogen can be produced in South Africa immediately, coal conference hears

By: Martin Creamer     6th May 2022 The generation of green hydrogen is achievable in South Africa immediately and is not a complicated process, Sasol just transition office head David Kawesha said on Friday. “You just need the renewable energy resource, electrolysers to split water, and that’s really what the basic process is,”... 

Picture taken by Creamer Media
Photo by Creamer Media
McCloskey's Southern African Coal Conference panel from left moderator Randy Fabi, Tracey Davies, Steve Nicholls, Jan Oberholzer and David Kawesha.

Council welcomes zero fall of ground fatalities in gold, PGMs sectors in the first quarter

By: Donna Slater     6th May 2022 The Minerals Council South Africa reports that, in a historic first, there were no fatalities related to falls of ground (FoG) – one of global mining’s most difficult challenges – in South Africa’s gold and platinum group metals (PGM) mines in the first quarter of this year. “This impressive... 

Tycoon Adani’s Australia chief says shunned coal needs support

By: Bloomberg     6th May 2022 Billionaire Gautam Adani’s top executive in Australia is calling for more support for a coal sector that’s being shunned by banks and insurers in the shift away from fossil fuels. Lawmakers must protect the industry by “ensuring coal communities can access reasonably priced finance and insurance... 

Coronado confirms abandoned talks with Arch

By: Esmarie Iannucci     6th May 2022 ASX-listed coal miner Coronado Global Resources on Friday confirmed merger talks with NYSE-listed Arch Resources. Responding to media speculation regarding a potential merger, Coronado told shareholders that the company had been in confidential discussions with Arch regarding the merger but... 

Victoria hopes to improve coal mine rehabilitation

By: Esmarie Iannucci     6th May 2022 The Victorian government on Friday announced plans to improve the management for coal mine land during the rehabilitation process. Minister for Resources Jaala Pulford announced enhanced provisions would be applied to Victoria’s declared mines, making rehabilitation a priority, and allowing for... 

Only way to fix Eskom, Transnet is to work as SA Inc, conference hears 

By: Martin Creamer     6th May 2022 Putting South Africa’s 60-million people first and working as South Africa Incorporated – SA Inc – is the only way to solve the problems of this country’s biggest State-owned enterprises, Eskom and Transnet. This message was put out loudly and clearly during a panel discussion at McCloskey’s... 

Picture supplied
Sereti CEO Mike Teke

Proactive measures ensure targets are reached

By: Nadine Ramdass     6th May 2022 Coal mining company Canyon Coal ensures that its Khanye Colliery, in Bronkhorstspruit, Gauteng, follows a proactive approach to managing and mitigating the impacts of potential challenges. Implementing precautionary measures has enabled the colliery to continuously mine and process 200 000 t a... 

An image of mining operations at the Khanye Colliery
COAL TO GROW The coal industry significantly contributes to the local economy

World Coal Association favours just energy transition to net zero future 

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

Creamer Media photograph
Photo by Creamer Media
World Coal Association chairperson July Ndlovu

Moody’s foresees elevated commodity prices, constraints persisting throughout this year

By: Donna Slater     4th May 2022 Moody’s Investors Service says the persistence of weaker mining production and volume constraints will exacerbate tight markets and further elevate prices of many metals after a number of large rated global diversified mining companies posted first-quarter production results showing weaker... 

Moody’s foresees elevated commodity prices, constraints persisting throughout this year

Eskom questions assertion that it is delaying IPP projects 

By: Terence Creamer     4th May 2022 Eskom insists that it is processing budget quotes for independent power producers (IPPs) seeking to connect to the national grid, in line with agreed timelines, and that it is making every effort to debottleneck the process so that much-needed new generation capacity can be introduced speedily.... 

Eskom CEO André de Ruyter
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CEO André de Ruyter

South Africa seeks to make climate finance deal global benchmark 

By: Bloomberg     4th May 2022 South Africa’s planned $8.5-billion climate finance deal with some of the world’s richest nations could serve as a blueprint for other coal-dependent countries, the head of its negotiating team said. The potential funding, which will be made available over three to five years, was announced at... 

Daniel Mminele
Photo by Bloomberg
Daniel Mminele

Warrior to invest $700m in new US met coal mine

By: Mariaan Webb     4th May 2022 NYSE-listed Warrior Met Coal on Tuesday announced that it was relaunching development of its Blue Creek reserves into a new longwall mine, located in Alabama near its existing mines. Previously, the company delayed the development of the Blue Creek reserves, owing to uncertainty of Covid-19, as... 

Warrior to invest $700m in new US met coal mine

BHP and Stanmore complete BMC deal

By: Esmarie Iannucci     4th May 2022 Coal miner Stamore Coal has completed the acquisition of an 80% interest in BHP Mitsui Coal (BMC) from diversified giant BHP. Stanmore has paid a $1.1-billion cash consideration at completion plus a preliminary completion adjustment of approximately $200-million for working capital. A further... 

DMRE details fresh electricity procurement delays in briefing of lawmakers 

By: Terence Creamer     3rd May 2022 The Department of Mineral Resources and Energy (DMRE) told lawmakers on Tuesday that the postponement of financial close on 25 wind and solar projects selected as preferred bids in October was the result of delays in the issuance of budget quotations from Eskom for connection to the grid. Bid... 

An image of power lines

South African coal miners turn to trucks as rail service deteriorates

By: Reuters     3rd May 2022 Mining companies in South Africa have resorted to trucking coal to ports to meet a surge in European demand since the war in Ukraine started, bypassing the deteriorating rail infrastructure they blame for-billions of dollars in lost revenue. Poor maintenance, a lack of spare parts for trains,... 

Bowen Coking Coal readies second coal mine

By: Esmarie Iannucci     3rd May 2022 Coal miner Bowen Coking Coal has appointed and mobilised mining contractor BUMA Australia to provide mining services at its Broadmeadow East mine, in Queensland. Bowen said on Tuesday that there was also an option to extend the mining services to the Burton mine. 

Rich nations scramble to seal coal transition deals before COP27

By: Bloomberg     3rd May 2022 As they prepare for the next round of global climate talks in November, officials from rich countries are trying to pull together a series of multibillion-dollar packages to help poor countries phase out coal. But negotiations have been snarled by national politics and Russia’s war in Ukraine,... 

Truck transporting coal

Cokal readies for start at BBM

By: Esmarie Iannucci     2nd May 2022 ASX-listed Cokal has mobilised its mining contractor to the Bumi Barito Mineral (BBM) mine, in Indonesia. Cokal said on Monday that the mobilisation was part of the final preparations to start mining and production at BBM. Mining is currently scheduled to start on July 28. “This is the most... 

MC Mining investigates marketing alternatives to ride price boom; Uitkomst output rises 

By: Donna Slater     29th April 2022 Coal miner MC Mining’s 70%-owned Uitkomst colliery increased its run-of-mine production by 7% year-on-year to 124 144 t in the first quarter of the year. Sales of high-grade peas and duff, totalling 62 751 t, were achieved in the period, up from the 53 512 t sold in the first quarter of 2021.  

Zuma replaced Ramatlhodi with inexperienced 'Gupta minister' Zwane to do their bidding – Zondo

By: News24Wire      29th April 2022 It was clear that former president Jacob Zuma replaced Ngoako Ramatlhodi as mineral resources minister because he refused to cooperate with the Gupta family’s wishes, the State Capture Inquiry has found. "... Ramatlhodi had consistently refused to have anything to do with the Guptas and was not... 

Mosebenzi Zwane
Photo by Creamer Media
Mosebenzi Zwane

Peabody sinks after taking $301m charge on coal hedge

By: Bloomberg     29th April 2022 The booming global coal market presented a challenge for Peabody Energy after skyrocketing prices led to a $301-million first-quarter charge for the mining giant’s hedging operations. The shares slumped more than 20%. Revenue jumped 58% from a year earlier to $1.04-billion, driven by... 

Peabody sinks after taking $301m charge on coal hedge

Mining giant Glencore is losing support for its climate plan

By: Bloomberg     29th April 2022 Shareholder support for Glencore Plc’s climate change strategy has weakened and the world’s top coal shipper will now have to consult with investors as it looks to defend one of its most profitable businesses. The company secured about 76% support for its climate progress report at its annual... 

China seen struggling to hit domestic coal expansion target

By: Bloomberg     28th April 2022 China may only expand its coal capacity by one-third of its target this year because of safety and environmental regulations, according to a government-backed industrial association. The nation can add about 100-million tons of capacity this year, including mines still being tested, Zhang... 

Glencore guides higher full-year ferrochrome output with coal marking time 

By: Martin Creamer     28th April 2022 Diversified mining and marketing company Glencore is guiding 3% higher ferrochrome performance for the whole of this year, with no change to its coal production guidance. Full-year guidance for nickel is also up by the same three percentage points but full-year 2022 zinc guidance has been reduced... 

Picture supplied.
Gary Nagle

Former Finance Minister Nene chair, Gomwe CEO of MC Mining

By: Martin Creamer     28th April 2022 The board of MC Mining has appointed former Finance Minister Nhlanhla Nene as chairperson and former Anglo Coal leading light Godfrey Gomwe as CEO of the London AIM-, Sydney ASX- and Johannesburg JSE-listed South African coal exploration, development, and mining company. The key projects of MC... 

Picture supplied.
Godfrey Gomwe, CEO of MC Mining

Australia's Coronado flags high met coal demand from Europe ahead of Russia ban

By: Reuters     27th April 2022 Australia's Coronado Global Resources on Wednesday flagged heightened requests for metallurgical coal from existing and new European customers ahead of a European Union (EU) ban on Russian coal imports in August. European and Asian coal importers are expected to join the scramble for alternative... 

Commodity prices drive Teck's Q1 profit to record C$1.6bn

By: Mariaan Webb     27th April 2022 Canadian diversified major Teck Resources has reported an “exceptional” start to 2022, with record-setting first quarter financial results on the back of high commodities prices. The TSX- and NYSE-listed miner reported record adjusted profit of C$1.6-billion, or C$3.02 a share in the first... 

An image of Teck CEO Don Lindsay
Teck CEO Don Lindsay says the company has had an 'exceptional start' to 2022

ESG-minded investors pile into coal stock, sparking 1 000% rally

By: Bloomberg     26th April 2022 Anglo American’s spinoff, Thungela Resources, has emerged as the world’s best-performing major coal stock. It’s also one of the most profitable bets by a group of fund managers who’ve promised to reduce their financed greenhouse-gas emissions. Since its June listing, the South African company is... 

Clean coal a ‘figment of the imagination’, says Olver

By: Darren Parker     26th April 2022 The concept of clean coal is a figment of the imagination, according to science, said Presidential Climate Commission (PCC) Secretariat executive director Dr Crispian Olver on April 26. “There is no such thing,” he said, speaking at the PCC-JSE Financial Sector Forum on Just Transition Framework... 

PCC Secretariat executive director Dr Crispian Olver
PCC Secretariat executive director Dr Crispian Olver

Bowen secures debt funding

By: Esmarie Iannucci     26th April 2022 ASX-listed Bowen Coking Coal has secured $55-million debt financing package with financier Taurus Mining Finance Fund No. 2, shortly after starting mining at its Bluff opencut mine, in Queensland. The new debt facility contemplated by the mandated documentation is proposed to be senior secured... 

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