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Coal News

Resources Watch  

25th February 2021 This week: London listing on way as mining company strives to become green gold producer; DRDGold flies sky high on numbers never seen before; and, Sibanye assessing on-site green hydrogen generation to power fuel cell mobility 

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Clockwise from top left Sietse van der Woude, Ian Mackay, and Bernard Swanepoel.
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Just energy transition remains priority to ensure sustainable future

By: Donna Slater     23rd February 2021 South Africa’s energy sector needs to broadly embrace a just energy transition to ensure it improves energy security and stability, as well as meets its obligations towards mitigating climate change, says nonprofit economic research institution Trade and Industrial Policy Strategies senior... 

Australian iron-ore and coal exports fall in January

By: Esmarie Iannucci     23rd February 2021 New data by the Australian Bureau of Statistics (ABS) has reported a A$3-billion, or 9% decline in exports for the month of January, driven by a A$1.5-billion, or 10% decline in the export of metalliferous ores. “The decline in metalliferous ores was driven by a decline in the quantity of... 

Australian iron-ore and coal exports fall in January

Anglo American withdraws Moranbah North staff

By: Esmarie Iannucci     23rd February 2021 Diversified miner Anglo American has undertaken the controlled withdrawal of staff at its Moranbah North coal mine, in Queensland, following a change in underground conditions. “The trigger for the underground withdrawal was elevated levels of some gases in the goaf, which would indicate a coal... 

Sasol upscales renewables roll-out ambition to 900 MW, starts plotting big green-hydrogen role 

By: Terence Creamer     22nd February 2021 JSE-listed Sasol announced on Monday that it would pursue a 900 MW renewable-energy roll-out at its Secunda and Sasolburg complexes by 2030, raising its initial deployment target of 600 MW by 50%. President and CEO Fleetwood Grobler said that the upscaled plan would be pursued in partnership with... 

The Secunda complex, in Mpumalanga
The Secunda complex, in Mpumalanga

PIC now owns 15% of Exxaro’s shares

By: Simone Liedtke     22nd February 2021 The State-owned Public Investment Corporation (PIC) has increased its shareholding in coal and renewable energy company Exxaro Resources to just over 15.13%, the company announced on February 22. Exxaro is headed by Mxolisi Mgojo and is the only producing mine in the coal-rich Waterberg region... 

Allegiance raises cash for New Elk

By: Esmarie Iannucci     22nd February 2021 ASX-listed Allegiance Coal has raised A$15-million through a private placement to sophisticated and professional investors, to fund refurbishment activity at its New Elk coal mine, in Colorado. The company placed 187.5-million new shares, at a price of 8c each, representing a 15.8% discount to... 

Weekly Coal Index report

22nd February 2021 European power and gas prices had a volatile week as recent cold weather subsided. However, coal prices held up well, in a sign that strained renewable power grids tend to fall back on coal and gas as solar power fades, and wind turbine blades ice up. With frozen seas impacting on Russian coal... 

Weekly Coal Index report

Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines  

19th February 2021 Mining Weekly Editor Martin Creamer unpacks Sibanye-Stillwater assessing on-site green hydrogen generation to power fuel cell mobility; Hydrox's advanced alkaline electrolyser; and South Africa's coal exports to China.   

Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines
Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines

Two-phase coal project will secure production

By: Theresa Bhowan     19th February 2021 Coal exploration and mining company Canyon Coal’s De Wittekrans greenfield project, in Mpumalanga, South Africa, will take place in two phases. Phase 1 – the opencast operation – has an economically minable reserve of 14.3-million tonnes of run-of-mine (RoM), while Phase 2 comprises the... 

KEEP IT COAL
The De Wittekrans mine has an estimated life-of-mine of about 25 years
KEEP IT COAL The De Wittekrans mine has an estimated life-of-mine of about 25 years

Coal demand from Eskom to normalise, says South32

By: Tasneem Bulbulia     18th February 2021 Coal demand from State-owned power utility Eskom is expected to normalise, following low demand over the past few months, diversified miner South32 COO Mike Fraser said during a media call to discuss its interim results, on February 18. He said the maintenance work being undertaken by should... 

Minister welcomes export inquiry

By: Esmarie Iannucci     18th February 2021 Federal Resources Minister Keith Pitt has welcomed the Trade and Investment Growth Committee’s inquiry into the financial sector’s treatment of Australia’s export industries. The Joint Standing Committee on Trade and Investment Growth this week announced that it had started an inquiry into the... 

Greenpeace calls on Creecy to revise weakening minimum emission standards

By: Simone Liedtke     17th February 2021 Nongovernmental organisation Greenpeace Africa has called on Environment, Forestry and Fisheries Minister Barbara Creecy to revise the weakening of the minimum emission standards (MES) to avoid further air pollution. The organisation has also requested the Department of Environment, Forestry and... 

Coal to China set to continue while Asian giant not buying from Australia – Glencore 

By: Martin Creamer     17th February 2021 The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference. “China still imports round about 185-million tons to 190-million tons of seaborne coal. They like to... 

Glencore heading for a future without any coal production.
Photo by Bloomberg
Glencore heading for a future without any coal production.

Whitehaven profits fall along with coal prices

By: Esmarie Iannucci     17th February 2021 The falling coal prices in the first half of the 2021 financial year has seen ASX-listed Whitehaven Coal swing to a loss in the six months under review. Whitehaven on Wednesday reported a net loss after tax of A$94.5-million for the six months to December, compared with a net profit after tax of... 

Teck doubles water treatment capacity at Elkview

By: Mariaan Webb     17th February 2021 Diversified major Teck Resources on Tuesday reported that commissioning was under way at its Elkview saturated rock fill (SRF) expansion, which doubles the water treatment facility’s capacity to 20-million litres a day of water. Construction was completed in late 2020 and the facility is now... 

Teck doubles water treatment capacity at Elkview

MWCB, Impact Catalyst aim for Upper Olifants mine water management platform

By: Schalk Burger     17th February 2021 Mpumalanga mine water public-private organisation the Mine Water Coordinating Body (MWCB) hopes its new partnership with socioeconomic development collaboration company The Impact Catalyst will provide a collaborative platform for the collective, integrated and sustainable mine water management... 

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy 

By: Martin Creamer     16th February 2021 Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle, Outgoing Glencore CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global... 

Gary Nagle
Gary Nagle

ARM expects headline earnings to more than double

By: Donna Slater     16th February 2021 JSE-listed diversified miner African Rainbow Minerals (ARM) reports that its headline earnings for the first half of its 2021 financial year are expected to increase by between 129% and 138%, to between R4.93-billion and R5.12-billion. This compares with the R2.15-billion in headline earnings... 

R10bn Eskom-Nersa settlement opens way for 15.63% hike on April 1  

By: Terence Creamer     16th February 2021 The National Energy Regulator of South Africa (Nersa) and Eskom have reached an agreement to add R10-billion to Eskom’s allowable revenue in 2021/22, to be recovered through the tariff, pending the outcome of an appeal of a 2020 High Court ruling directing the regulator to immediately add back... 

R10bn Eskom-Nersa settlement opens way for 15.63% hike on April 1

Biden assurances on jobs sting like insults in mines, oil patch

By: Bloomberg     16th February 2021 The Biden administration has gotten off to a rough start trying to reassure coal miners and oil workers whose jobs are threatened by the president’s fight against climate change. Vice President Kamala Harris drew derision on social media after she told a West Virginia television station that... 

Joyce Evans ran her own coal yard until 2000 and still works at the site near the convergence of Tennessee, Virginia and Kentucky.
Joyce Evans ran her own coal yard until 2000 and still works at the site near the convergence of Tennessee, Virginia and Kentucky.

Eskom could launch bidding for repurposing and repowering of Komati within two months  

By: Terence Creamer     16th February 2021 State-owned power utility Eskom is preparing a pioneering request for proposals (RFP) for the repowering and repurposing of the Komati power station, in Mpumalanga, which is among the first four coal plants scheduled for decommissioning in the coming few years. Eskom just energy transition office... 

The Komati power station
The Komati power station

RBFT to increase stake in Wescoal to 85%

By: Marleny Arnoldi     16th February 2021 JSE-listed Wescoal has advised that RBFT Investments intends to increase its shareholding in the company from 56.87% to 85%. RBFT is a consortium that has the Industrial Development Corporation and Simeka Capital Holdings among its investors.  

Upheaval is coming to South Africa over the shift away from coal

By: Bloomberg     16th February 2021 A photograph in the entrance hall at Komati Power Station shows the plant in better times, its nine generating units belching steam and smoke into the night sky. Those days are never coming back: Komati’s sole remaining working unit is facing closure within two years under plans by state power... 

Glencore ready to support transition to low-carbon economy – Glasenberg 

By: Martin Creamer     16th February 2021 Diversified mining and marketing company Glencore is ready to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company reported finishing 2020 with earnings before interest tax depreciation and amortisation (Ebitda) of $11.6-billion, Covid-19... 

Glencore CEO Ivan Glasenberg
Glencore CEO Ivan Glasenberg

Lifting distributed-generation cap ‘one of the easier decisions’ facing government – De Ruyter   

By: Terence Creamer     15th February 2021 Eskom CEO Andre de Ruyter has described the plan, announced by President Cyril Ramaphosa in his State of the Nation (SONA) address, to lift the licence-exemption threshold for distributed-generation plants as “one of the easier decisions” government could make in the near-term to alleviate stress... 

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

Weekly Coal Index Report

15th February 2021 Arctic conditions across much of the Northern hemisphere resulted in higher coal prices over the week, softening as the Chinese new year holiday got underway. European emissions prices rallied over EUR40 putting pressure on the dark spread. Physical RBCT prices continue to trade at a premium to... 

Weekly Coal Index Report

MC Mining appoints another interim CEO while recruitment process continues 

By: Donna Slater     12th February 2021 Coal miner MC Mining has appointed nonexecutive director Sam Randazzo as its interim CEO while the recruitment process for the appointment of a permanent CEO is being finalised. Randazzo will succeed acting CEO Brenda Berlin, who is due to step down on February 15.  

SCA dismisses case against Tendele Coal Mining

By: Tasneem Bulbulia     11th February 2021 The Supreme Court of Appeal (SCA) on February 9 dismissed an appeal brought by the Mfolozi Community Environmental Justice Organisation Somkhele (MCEJO), the Global Environmental Trust and Sabello Dladla against a 2018 judgment of the KwaZulu-Natal High Court regarding Petmin's Somkhele mine.... 

Zondo blasts 'negligent' former Eskom board over R1.68bn prepayment to Gupta entity

By: News24Wire      11th February 2021 Failure by the 2015 Eskom board to interrogate the submission to authorise a R1.68-billion prepurchase payment to a Gupta-owned company cast doubt on the directors prudence, with State Capture Commission chairperson Deputy Chief Justice Raymond Zondo going as far as calling them negligent on... 

IDC extends MC Mining's loan repayment date

By: Donna Slater     10th February 2021 The Industrial Development Corporation (IDC) of South Africa has extended the date by which coal miner MC Mining is to repay two loan facility drawdowns of R160-million to July 31. MC Mining initially used R120-million of a R240-million IDC facility to progress the Makhado project to fully... 

Controversial UK coal mine under review over climate backlash

By: Bloomberg     10th February 2021 Construction of a coal mine that threatened UK Prime Minister Boris Johnson’s claim to be a world leader in the fight against climate change is under review after growing opposition. The Woodhouse Colliery would be the first new deep coal mine in the UK in three decades. It’s planned to be built... 

Controversial UK coal mine under review over climate backlash

Africa's miners and winemakers toast China's row with Australia

By: Reuters     10th February 2021 For South African winemaker Vergenoegd Löw, the pandemic could have been a disaster but a bitter trade war between China and Australia has thrown the 325-year-old estate a lifeline. Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and... 

Bathurst closes Canterbury

By: Esmarie Iannucci     10th February 2021 Coal miner Bathurst Resources on Wednesday announced that it would close its Canterbury coal mine, in New Zealand. The company told shareholders that ongoing costs and the delays associated with obtaining regulatory consent for the current operations, as well as an inability to reach an... 

Exxaro provides Covid-19 relief, testing support to Lephalale community

By: Schalk Burger     9th February 2021 JSE-listed diversified miner Exxaro Resources says it has implemented community support initiatives to aid host communities around its Grootegeluk mine, in Lephalale, Limpopo, to help them overcome socioeconomic challenges they face as a result of the impact of the Covid-19 pandemic. Exxaro... 

Canadian project proves viable for Montem

By: Esmarie Iannucci     9th February 2021 A scoping study into the Chinook coal project, in Alberta, Canada, has indicated an economically and technically viable project, coal hopeful Montem Resources reported. The scoping study considered an opencut mining operation based on Montem’s Joint Ore Reserves Committee Compliant resource of... 

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