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Coal News

South Africa’s updated climate pledge to be released for comment after Cabinet approves NDC draft 

By: Terence Creamer     25th March 2021 South Africa’s Cabinet has approved the country’s updated draft Nationally Determined Contribution in response to climate change, which will be released for public consultation next week. The updated NDC outlines South Africa’s target for limiting greenhouse gas emissions as required in line with... 

Agriculture seen as key just transition enabler in Mpumalanga, but arable land needs urgent safeguarding 

By: Terence Creamer     25th March 2021 Transitioning Mpumalanga’s coal-heavy economy to higher levels of agricultural output could help create new businesses and jobs and improve the long-term economic resilience of the province as mines close and Eskom begins decommissioning power stations in line with the Integrated Resource Plan of... 

Agriculture seen as key just transition enabler in Mpumalanga, but arable land needs urgent safeguarding

Sasol, Eskom achieve dismal results in emissions benchmark study

By: Donna Slater     24th March 2021 Investor engagement initiative on climate change Climate Action 100+ (CA100+) issued its first Net Zero Company Benchmark of the world’s biggest corporate emitters, including petrochemicals and chemicals producer Sasol and State power utility Eskom. However, in a response to questions by... 

Exxaro announces five-year TB initiative at Grootegeluk

By: Schalk Burger     24th March 2021 Coal and heavy minerals mining major Exxaro has announced a R19.7-million, five-year tuberculosis (TB) initiative at its Grootegeluk mine in the Waterberg district, in Limpopo. The initiative will benefit mine employees and the host community and will focus on home-based healthcare, preventive... 

Sustainability to drive commodity markets for next ten years − Hambro 

By: Simone Liedtke     24th March 2021 China's strong demand for commodities has shifted the global industry’s perspective away from developing market consumption to a focus on Chinese consumption, BlackRock MD Evy Hambro said during a discussion as part of this year’s virtual Platinum Group Metals (PGMs) Industry Day, on March 24.... 

South Africa seeks lesser of two evils with Eskom debt options

By: Bloomberg     24th March 2021 South Africa’s National Treasury is considering whether it would be better to move a chunk of Eskom Holdings' R464-billion of debt into a special-purpose vehicle (SPV) or have the State take over responsibility for it directly, people familiar with the situation said. While banks have led... 

South Africa seeks lesser of two evils with Eskom debt options

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling CEO Danie Pretorius
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling CEO Danie Pretorius.
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

New Hope faces legal claims as it swings to a loss

By: Esmarie Iannucci     23rd March 2021 Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021. New Hope on Tuesday told shareholders that liquidators from its former... 

Peabody on the hunt for new boss

By: Esmarie Iannucci     22nd March 2021 New York listed coal miner Peabody Energy is hunting for a new president and CEO, with Glenn Kellow announcing his intention to resign from the company at the end of August this year. Peabody told shareholders that while the search for a successor was under way, Kellow would continue on in his... 

Bidding for renewables finally opens as powership-heavy ‘emergency’ projects are unveiled  

By: Terence Creamer     18th March 2021 Mineral Resources and Energy Minister Gwede Mantashe released the names of the eight preferred bidders – including three powership projects – selected as part of government’s 2 000-MW ‘emergency’ procurement programme and also launched the much-anticipated fifth bid window (BW5) for the... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Exxaro outlines value opportunity in transforming to low-carbon future  

By: Martin Creamer     18th March 2021 The value opportunity of diversified mining and energy company Exxaro Resources is rapidly transforming in line with the accelerated demand for cleaner and low-carbon resources, Exxaro Resources CEO Mxolisi Mgojo said on Thursday. During a strategy update after the company announced 47%-higher... 

Exxaro Resources CEO Mxolisi Mgojo
Exxaro strategy update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exxaro eyeing 84 MW solar power for coal mine, hydrogen fuel cells 

By: Martin Creamer     18th March 2021 South Africa is at crossroads of energy liberalisation with 2.5 GW of embedded mining demand, including 84 MW demand at Exxaro Resources’ Grootegeluk coal mine alone and the intended use of hydrogen fuel cell powered trucking, Exxaro Resources said on Thursday. “Energy is the largest single... 

Exxaro Resources’ newly appointed MD Energy Roland Tatnall
Exxaro Resources’ newly appointed MD Energy Roland Tatnall

Nombasa Tsengwa appointed CEO-designate of Exxaro Resources 

By: Martin Creamer     18th March 2021 Dr Nombasa Tsengwa has been appointment CEO-designate of diversified mining and energy company Exxaro Resources, effective from 31May 2023, when current CEO Mxolisi Mgojo reaches the retirement age of 63. The appointment of Dr Tsengwa, who is Exxaro’s current MD Minerals, forms part of what the... 

Dr Nombasa Tsengwa has been appointment CEO-designate.
Photo by Creamer Media
Dr Nombasa Tsengwa has been appointment CEO-designate.

Wescoal delivers first own coal sales from Moabsvelden

By: Creamer Media Reporter      18th March 2021 JSE-listed Wescoal has delivered the first coal from its Moabsvelden mine, in Delmas, Mpumalanga, to power utility Eskom. “The operationalisation of the Moabsvelden project under a difficult operating economic environment represents a significant milestone in the history of Wescoal, since the... 

Exxaro announces record dividend on earnings leap in fourth fatality-free year

By: Martin Creamer     18th March 2021 The black-empowered and black-led diversified mining company Exxaro Resources on Thursday announced a record dividend distribution on 25%-higher earnings and another year without occupational loss of life, taking the safety achievement to four years of fatality-free operation. Cash of... 

Exxaro CEO Mxolisi Mgojo
Exxaro CEO Mxolisi Mgojo

India considers net-zero goal around 2050, a decade before China

By: Bloomberg     17th March 2021 Top Indian government officials are debating whether to set a goal to zero out its greenhouse gas emissions by mid-century, an ambitious target that would require overhauling its coal-dependent economy. Officials close to Prime Minister Narendra Modi are working with senior bureaucrats and... 

India considers net-zero goal around 2050, a decade before China

Minister sees ‘compelling reasons’ to block UK coal mine 

By: Bloomberg     17th March 2021 Business Secretary Kwasi Kwarteng said there are “very compelling reasons” to scrap plans for the UK’s first new deep coal mine in three decades, amid an outcry over environmental concerns. Initially, Ministers decided not to intervene in a proposal for a mine for coking coal to be used in the... 

UK Business Secretary Kwasi Kwarteng has suggested that the decision to stop the mine has effectively been taken.
UK Business Secretary Kwasi Kwarteng has suggested that the decision to stop the mine has effectively been taken.

Greensill Capital sued in US as miner claims finance fraud

By: Bloomberg     17th March 2021 Greensill Capital was sued by a company that mines coal in West Virginia, in what may be the first US lawsuit since the firm was forced into insolvency. Greensill’s collapse presents “a clear and present threat” to the business of Bluestone Resources, the mining company said in a complaint filed... 

Eskom mulls alternatives to R300bn emissions-compliance spend  

By: Terence Creamer     16th March 2021 Coal-heavy electricity utility Eskom has reiterated its commitment to complying with South Africa’s tightening minimum emission standards, but CEO Andre de Ruyter has also indicated that it is considering capital-light alternatives, as well as noncoal repowering solutions to meet its obligations,... 

The road to compliance for the Kendal power station, pictured, has included a criminal prosecution
Watch Eskom CEO Andre de Ruyter explaining the possible alternative solutions for meeting South Africa's minimum emission standards. Camera Work: Kutlwano Matala Editing: Nicholas Boyd.

What countries will fight over when green energy dominates

By: Bloomberg     16th March 2021 The Rand Corporation’s been designing war games with the Pentagon since the 1950s, modelling such hard-nosed security scenarios as a two-front US war with China and Russia. Now the think tank is turning its realpolitik tool kit to a question more often associated with environmental dreamers: How... 

The world’s three biggest coal users get ready to burn even more

By: Bloomberg     16th March 2021 The world’s three biggest consumers of coal, the dirtiest fossil fuel, are getting ready to boost usage so much that it’ll almost be as if the pandemic-induced drop in emissions never happened. US power plants are going to consume 16% more coal this year than in 2020, and then another 3% in 2022,... 

The world’s three biggest coal users get ready to burn even more

Maintenance progress alone insufficient to eliminate load-shedding risk amid 4 GW deficit   

By: Terence Creamer     15th March 2021 Eskom CEO Andre de Ruyter insisted on Monday that, despite a recent return to load-shedding, progress was being made on the utility’s so-called reliability maintenance programme to improve the performance of the coal fleet to the point where the risk of rotational power cuts would be materially... 

Andre de Ruyter and Jan Oberholzer
Eskom CEO Andre de Ruyter on the 4GW supply gap and what solutions could be used to help close it. Camera Work: Kutlwano Matala Editing: Nicholas Boyd.

MC Mining sells 127 534 t of coal in interim period

By: Simone Liedtke     15th March 2021 Coal miner MC Mining sold 127 534 t of high-quality metallurgical and thermal coal during the interim period ended December 31, 2020. An additional 11 569 t of high-ash middlings were also sold during the period. 

Weekly Coal Index Report

15th March 2021 It would appear that China was South Africa’s largest export market in February, followed closely by Pakistan, beating India into 3rd place as Indian buyers struggled with firmer freight rates. Panamax rates have seen significant strength in both basins, whilst many Chinese buyers are immune to... 

Weekly Coal Index Report

Resgen secures additional funds for subsidiary’s austerity operating budget

By: Marleny Arnoldi     15th March 2021 ASX- and JSE-listed Resource Generation (Resgen) has reached an in-principle agreement with Noble Group to provide additional working capital to its partly owned subsidiary Ledjadja Coal. The capital will be provided in the form of a further extension to the facility agreement reached in March... 

Exxaro to report lower attributable earnings for 2020 full-year

By: Marleny Arnoldi     15th March 2021 JSE-listed diversified miner Exxaro Resources expects to report an up to 35% decrease in attributable earnings a share between R25.40 and R30.87 for the year ended December 31, 2020, compared with the prior year. The company cited this is mainly owing to accounting of noncontrolling interest... 

Wescoal appoints interim CEO

By: Marleny Arnoldi     15th March 2021 JSE-listed Wescoal has appointed nonexecutive director Robinson Ramaite as interim group CEO, effective March 15. This comes as Reginald Demana announced his resignation in January and is leaving the company on March 31.  

Incoming Wescoal interim group CEO Robinson Ramaite
Photo by Creamer Media
Incoming Wescoal interim group CEO Robinson Ramaite

Rehab effective at Glencore's Oaky Creek

By: Esmarie Iannucci     15th March 2021 Diversified miner Glencore’s Oaky Creek opencut coal mine, in Queensland, has been transformed into natural and productive land thanks to an impressive rehabilitation program, state Resources Minister Scott Stewart said. “Up to 133 ha of land that was once part of an open cut mine is now verdant... 

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

UK government intervenes in deep coal mine plan

By: Reuters     12th March 2021 Britain's government has intervened in a plan for a new deep coal mine in northern England after climate change advisers said the project would "increase global emissions". The plans pose a challenge for Prime Minister Boris Johnson's government, which wants to boost jobs in northern England... 

UK government intervenes in deep coal mine plan

Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines  

12th March 2021 Mining Weekly Editor Martin Creamer unpacks Royal Bafokeng Platinum's proposed plans to generate its own electricity; China having become the largest importer of South African coal; and the opportunities for miners to invest in green energy and decarbonisation. 

Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines
Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines

As Glencore walks, Colombia envisages decades of coal mining

By: Bloomberg     12th March 2021 Glencore may be walking away from its Colombian coal mines, but Colombia isn’t. The South American nation better known for its coffee and crude is also a major supplier to European coal-fired power plants. While that market may be shrinking as Europe leads a clean-energy shift, there’s still... 

Mines and Energy Minister Diego Mesa
Mines and Energy Minister Diego Mesa

Coal mine extension on the horizon

By: Theresa Bhowan     12th March 2021 Coal mining company Kangra, a subsidiary of mining investment company Menar, is expected to extend its Kangra mine, in Mpumalanga, through the Kusipongo project. The Kusipongo resource is situated directly west of the existing mine and is expected to extend Kangra’s life-of-mine (LoM) significantly. 

SIDING WITH COAL
The Kusipongo extension project, which was delayed owing to the pandemic, will proceed now that coal markets have recovered. It will extend Kangra Mine's life significantly
SIDING WITH COAL The Kusipongo extension project, which was delayed owing to the pandemic, will proceed now that coal markets have recovered. It will extend Kangra Mine's life significantly

Mining production down in January, but mineral sales up almost 25% 

By: Donna Slater     11th March 2021 Mining production decreased by 6.2% year-on-year in January, with the largest negative contributors being platinum group metals (PGMs), coal and gold, according to the latest Statistics South Africa (Stats SA) report. PGMs slumped by 14.5%, subtracting 3.5 percentage points from the overall... 

New report highlights decade of falling electricity production in South Africa  

By: Terence Creamer     11th March 2021 A new Council for Scientific and Industrial Research (CSIR) report offers a sobering picture of declining electricity system production and demand between 2010 and 2020 – a trend that was amplified further during Covid-hit 2020, when demand slumped by a sharp 5.1%, or 11.8 TWh, to a decade low... 

New report highlights decade of falling electricity production in South Africa
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