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Coal News

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. 

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

Exxaro achieves four-year fatality-free milestone

By: Simone Liedtke     11th March 2021 Black-empowered resources company Exxaro Resources has achieved four years without any fatalities across its mining operations. This is a remarkable milestone the miner set out to achieve as part of the company’s Khetha Ukuphepa (translated as “Choose Safely”) campaign, which was launched in 2019. 

Exxaro achieves four-year fatality-free milestone

Government sees new renewables zones helping to unlock low-carbon energy mix  

By: Terence Creamer     10th March 2021 Three additional geographic areas – Emalahleni, Klerksdorp and Beaufort West – have officially been declared as Renewable Energy Development Zones following the publication of a Government Gazette notice signed by Environment, Forestry and Fisheries Minister Barbara Creecy. The new zones increase... 

Government sees new renewables zones helping to unlock low-carbon energy mix

Eskom, Sasol face government ultimatum to meet emission limits 

By: Bloomberg     10th March 2021 Eskom Holdings and Sasol, South Africa’s two biggest polluters, must comply with emission limits even if it costs them tens of billions of rand, Environment Minister Barbara Creecy said. The companies, which use coal to produce electricity and gasoline respectively, have sought to avoid... 

Eskom, Sasol face government ultimatum to meet emission limits

S&P sees Eskom debt solution as key to unlocking restructuring  

By: Terence Creamer     9th March 2021 Ratings agency S&P Global Ratings sees finding a solution to Eskom’s unsustainable debt position as potentially key to meeting the timelines proposed for the broader restructuring of the State-owned utility into three units of generation, transmission and distribution – an unbundling that is also... 

S&P sees Eskom debt solution as key to unlocking restructuring

Coal advocate questions phase-out of the energy mineral

By: Donna Slater     9th March 2021 The role of coal in global electricity production needs to receive greater attention and investment as renewable forms of energy, such as wind and solar, currently make up only a small percentage of global energy production and are unreliable, coal investor and advocate Dr Lars Schernikau said... 

Kangra resumes operations after Covid-19 temporary shuttering

By: Donna Slater     9th March 2021 The Mpumalanga-based Kangra coal mine, which was put on care and maintenance in March 2020 as a result of Covid-19 restrictions impacting its position in the domestic and export markets, has resumed operations this month. Kangra was placed on care and maintenance after the collapse of export... 

Kangra resumes operations after Covid-19 temporary shuttering

China South Africa’s largest coal market in February – Goldman Sachs 

By: Martin Creamer     9th March 2021 China was South Africa’s largest coal market in February, taking over from India, which is traditionally been South Africa’s largest coal export market. Normally, China does not import coal from South Africa, but 2021 has seen a shift, Mining Weekly reported in early January 

South Africa's world-class Richards Bay Coal Terminal in KwaZulu-Natal.
South Africa's world-class Richards Bay Coal Terminal in KwaZulu-Natal.

Anglo American moves to re-enter Moranbah North

By: Esmarie Iannucci     9th March 2021 Diversified miner Anglo American has started briefing staff in Queensland on the re-entry process into its Moranbah North coal mine. The miner in February this year undertook the controlled withdrawal of staff at the mine following a change in underground conditions, when confirmation was... 

Eskom board to initiate probe into racism allegations against De Ruyter 

By: Creamer Media Reporter      9th March 2021 The Eskom board has resolved to initiate an investigation into an allegation of racism made against CEO André de Ruyter, indicating in a statement that an independent senior counsel would be appointed to conduct the probe. The counsel, the board said, would be empowered to interview any person... 

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

Weekly Coal Index Report

8th March 2021 China will be investing far more in coal power over the next five years, according to a government plan released Friday, that only modestly increased renewable ambitions. Environmentalists had been hoping China’s five-year NDP would provide a roadmap towards carbon neutrality by 2060. However,... 

Weekly Coal Index Report

Allegiance fully funded for New Elk restart

By: Esmarie Iannucci     8th March 2021 Coal developer Allegiance Coal has raised A$10-million through a share placement to sophisticated and professional investors, fully funding its New Elk coal mine, in Colorado, through to development. The ASX-listed company told shareholders that the placement, which was priced at 8c a share, had... 

US judge rejects SEC bid to expand Rio Tinto fraud lawsuit on Mozambique coal business

By: Reuters     4th March 2021 A US judge on Wednesday quashed a bid to widen the scope of a civil lawsuit by the US Securities and Exchange Commission that accused miner Rio Tinto of fraud at its Mozambican coal business, a court filing showed. The SEC filed a complaint against Rio in 2017 with allegations that it had... 

The major challenge of the mining industry is the imperative of growth – Dr Motsepe  

By: Martin Creamer     3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... 

African Rainbow Minerals executive chairperson Dr Patrice Motsepe.
African Rainbow Minerals interim results report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

Work on proposed handover of Rukwa ongoing

By: Tasneem Bulbulia     3rd March 2021 Aim-listed Edenville Energy says it is continuing to work with its strategic partner Infrastructure and Logistics Tanzania regarding the proposed handover of operations at its Rukwa coal project in south-west Tanzania. The company plans to provide shareholders with a further update as soon as a... 

African Rainbow Minerals' earnings soar 134%, interim dividend declared

By: Martin Creamer     3rd March 2021 Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by... 

African Rainbow Minerals executive chairperson Dr Patrice Motsepe
Photo by Creamer Media
African Rainbow Minerals executive chairperson Dr Patrice Motsepe

Glencore refutes Molefe's State capture inquiry testimony

By: Creamer Media Reporter      3rd March 2021 Diversified miner Glencore says the suggestion that it had involved President Cyril Ramaphosa, who used to be the chairperson of the Optimum coal mine, in the acquisition of Optimum Coal Holdings (OCH) with a view to, or with the expectation of leveraging his influence to achieve amendments to... 

UN chief urges wealthy nations to phase out coal use by 2030

By: Reuters     3rd March 2021 UN Secretary-General Antonio Guterres on Tuesday called on wealthy nations to end coal use by 2030 so the world can meet its goals to curb global warming, urging G7 nations to make that commitment before or at a leaders' summit in June. In a video message to a virtual gathering of the "Powering... 

UN Secretary-General Antonio Guterres
UN Secretary-General Antonio Guterres

Brian Molefe adamant that Ramaphosa's 'influence' was used to seal dodgy coal deal

By: News24Wire      2nd March 2021 Former Eskom CEO Brian Molefe has told the Judicial Commission of Inquiry into State Capture that the allegations he made against President Cyril Ramaphosa should not be swept under the carpet, as he continued to pick at the business links the president once had with Glencore. On Tuesday, Molefe... 

Glencore 'used relationship' with Ramaphosa to 'extort' Eskom, former CEO Brian Molefe claims 

By: News24Wire      2nd March 2021 Former Eskom CEO Brian Molefe has told the State Capture Inquiry that Glencore used its relationship with President Cyril Ramaphosa, who used to be the chairperson of its Optimum coal mine, to try to extort money from the power utility as it renegotiated the terms of its contract. Optimum, which... 

Former Eskom CEO Brian Molefe
Photo by Creamer Media
Former Eskom CEO Brian Molefe

RBFT lifts stake in Wescoal to nearly 65%, extends offer deadline to March 5

By: Marleny Arnoldi     2nd March 2021 JSE-listed coal miner Wescoal has advised that RBFT Investments has extended the timeframe of its offer 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.  

Resgen completes Phase 1 of strategic review

By: Donna Slater     1st March 2021 Coal miner Resource Generation (Resgen) reports that Phase 1 of its two phase strategic review that is considering alternatives for progressing development of its Boikarabelo project, in South Africa's Waterberg, has recently been completed. The review was initiated in November.  

China chips away at coal addiction to chase climate goals

By: Bloomberg     1st March 2021 China’s use of coal in its energy mix continued to decline in 2020, but more aggressive measures may be needed to reduce emissions in order to meet Beijing’s climate goals. Coal use accounted for 56.8% of the country’s total energy consumption last year, down 0.9 of a percentage point from 2019,... 

China chips away at coal addiction to chase climate goals

De Ruyter urges greater industrial policy integration with renewables roll-out 

By: Terence Creamer     1st March 2021 South Africa would be foregoing an “extraordinary opportunity” should it fail to develop local manufacturing capacity around its large-scale and multidecade deployment of renewable energy, Eskom CEO Andre de Ruyter argued on Monday. Speaking during the opening session of the virtual Africa Energy... 

De Ruyter urges greater industrial policy integration with renewables roll-out

Weekly Coal Index Report

1st March 2021 Even as US coal production continues to slide, and domestic consumption is cut, it emerged that the United States was the major beneficiary of China’s ban on Australian coal imports from the fourth quarter of 2020. This was arguably more for coking coal than thermal coal, but it’s interesting to... 

Weekly Coal Index Report

Australian teens lead class action against Whitehaven's coal mine expansion

By: Reuters     1st March 2021 A class action against a coal mine extension that begins on Tuesday could make it more difficult for coal mines to be approved in Australia on the basis of intergenerational equity and climate change, if the claimants prove successful. The landmark claim, by a group of eight teenagers from... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories 

By: Donna Slater     26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories

CFMEU calls for inquiry to include Moranbah North

By: Esmarie Iannucci     26th February 2021 The Miners Union is calling on the Queensland government to make urgent changes to the ongoing Queensland Coal Board of Inquiry in light of events at Moranbah North coal mine. Miner Anglo American withdrew staff from the Moranbah North coal mine following changes in underground conditions, with... 

Coal exports bring Bathurst down

By: Esmarie Iannucci     26th February 2021 Coal miner Bathurst Resources has reported reduced earnings and revenue for the first half of the 2021 financial year, as its export business continued to face significant challenges. Revenue for the six months under review declined to NZ$97.8-million, compared with the NZ$129.3-million in the... 

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 

Resources Watch
Resources Watch

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
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