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Coal News

Mining has a role to play in supporting the global population, says Cutifani

By: Simone Liedtke     3rd February 2021 The global human population – almost nine-billion people – cannot be supported without mining, diversified miner Anglo American CE Mark Cutifani said during a panel discussion at the virtual Investing in African Mining Indaba on February 2. Speaking during an environmental, social and governance-... 

Exxaro no longer investing in thermal coal as it strives for 2050 carbon neutral goal

By: Simone Liedtke     3rd February 2021 Diversified miner Exxaro Resources will no longer invest in thermal coal assets, as this forms part of the company’s transition to becoming carbon neutral by 2050 in terms of Scope 1 and Scope 2 emissions, CEO Mxolisi Mgojo said on February 2. Speaking during an environmental, social and... 

Exxaro CEO Mxolisi Mgojo
Exxaro CEO Mxolisi Mgojo

A new coal mine undercuts UK’s claim to climate leadership

By: Bloomberg     3rd February 2021 As the UK prepares to host the next round of major global climate talks in November, Prime Minister Boris Johnson’s government has adopted the most ambitious emissions-reduction goal among large economies. It’s hoping that leading by example will encourage other countries to put forth stronger... 

Glencore reports higher zinc, silver output but lower ferrochrome and copper production 

By: Marleny Arnoldi     3rd February 2021 Global miner Glencore says its mining assets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production. Glencore says Covid-19 and the related mandatory suspensions and restrictions impacted on ferrochrome production in South Africa,... 

Glencore CEO Ivan Glasenberg
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

High Court backs OCAA appeal against New Hope coal expansion

By: Esmarie Iannucci     3rd February 2021 The Australian High Court has upheld an appeal by community group Oakey Coal Action Alliance (OCAA) against coal miner New Hope Corporation’s New Acland Stage 3 expansion. The High Court has ruled that the Stage 3 expansion would need to return to the Land Court. The High Court ruling comes... 

High Court backs OCAA appeal against New Hope coal expansion

De Ruyter backs call for lifting of licensing cap on distributed generators to 50 MW  

By: Terence Creamer     2nd February 2021 Eskom CEO Andre de Ruyter says the State-owned utility is fully supportive of moves by large customers to develop distributed generation plants to power their operations, as well as growing calls to lift the licensing threshold from 1 MW to 50 MW so as to accelerate these investments. South... 

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

Eskom, Sasol rebuffed, Creecy says as she fights pollution suit

By: Bloomberg     2nd February 2021 Environmental Affairs Minister Barbara Creec said she rejected pleas for leniency from senior executives at the country’s two biggest air polluters as she responded to a lawsuit that says her office has breached constitutional rights to clean air. In a 260-page answering affidavit to a lawsuit... 

Coal to exit from US power system by 2033, Morgan Stanley says

By: Bloomberg     2nd February 2021 Coal is on track to disappear from the US power grid by 2033 as the push for a carbon-free electricity system gains strength, according to Morgan Stanley. The fossil fuel will be supplanted largely by renewables, which will supply 39% of US electricity in 2030 and 55% in 2035, according to a... 

Coal to exit from US power system by 2033, Morgan Stanley says

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

Minerals Council South Africa president Mxolisi Mgojo
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Weekly Coal Index Report

1st February 2021 As January rolls off the trading calendar, RB1 levels are shifting down towards $85. However, 2021 looks to be a bumper year for SA coal exports. Most Asian countries are ramping up demand as new coal-fired capacity comes online, whilst countries such as India and Pakistan are experiencing higher... 

Weekly Coal Index Report

Eskom caps 2021 extra-revenue claim at R23bn, but tells court anything less will be ‘disastrous’ 

By: Terence Creamer     29th January 2021 State-owned power utility Eskom indicated during a court hearing on Friday that it would not seek to recover more than R23-billion in additional revenue through the tariff during its 2021/22 financial year, implying that any possible hike implemented on April 1 would be capped at about 15.5%.... 

Eskom caps 2021 extra-revenue claim at R23bn, but tells court anything less will be ‘disastrous’

Contango progresses with activities at Zimbabwe project 

By: Tasneem Bulbulia     29th January 2021 London-listed Contango Holdings has continued to advance the Lubu coking coal project, in Zimbabwe. Despite the 30-day national lockdown that has been in place throughout Zimbabwe since January 5, the company has been able to continue to advance the project, as mining is classified as an... 

Green tech, RBCT make headlines   

29th January 2021 Mining Weekly Editor Martin Creamer unpacks the green technology boost for African Mining, exports for the Richards Bay Coal Terminal have declined for the third consecutive year and the Richards Bay Coal Terminal is improving efficiency to counter ship queuing.   

Green tech, RBCT make headlines
Green tech, RBCT make headlines

MC Mining's sales hold firm

By: Schalk Burger     29th January 2021 Coal exploration, development and mining company MC Mining says its Uitkomst metallurgical and thermal coal mine experienced absenteeism as a result of the impact of the pandemic, which resulted in a 14% year-on-year decline in run-of-mine coal production to 108 945 for the three months ended... 

Contractor learns lockdown lessons

By: Darren Parker     29th January 2021 The main lesson learned over the past year is that, regardless of the challenges and new limitations brought about by the Covid-19 pandemic, good relationships are key to keeping businesses well-enthused and optimistic, says mining services company Basil Read Mining CEO Nathan Williams. “Even... 

BIG PLANS
Basil Read Mining aims to diversify beyond the commodities it currently works in, while expanding its geographical footprint
BIG PLANS Basil Read Mining aims to diversify beyond the commodities it currently works in, while expanding its geographical footprint

Power hike could surge beyond the 10% hinted to by Nersa as Eskom hunts R23bn more in courts  

By: Terence Creamer     28th January 2021 South Africans should brace for power hikes of about 10% this year after the National Energy Regulator of South Africa (Nersa) finalised a court-ordered re-adjudication of Eskom’s previous applications. However, the increase could be materially higher should Eskom prevail in its legal endeavour... 

Nhlanhla Gumede
Nhlanhla Gumede

Coal wins curious reprieve in Biden’s assault on climate change

By: Bloomberg     28th January 2021 President Joe Biden enlisted the entire US government in the fight against climate change on Wednesday, even telling the Central Intelligence Agency to consider global warming a national security threat. Yet he left out coal -- the fossil fuel most widely blamed for global warming -- when he... 

Coal wins curious reprieve in Biden’s assault on climate change

Anglo reports strong fourth-quarter performance at Los Bronces, Minas-Rio

By: Creamer Media Reporter      28th January 2021 The strong performance recovery in the second half of 2020 continued in the fourth quarter of the year, says diversified miner Anglo American CEO Mark Cutifani.  "As expected, second-half production returned to 95% of 2019 rates, benefiting from strong performances in copper at Los Bronces, in... 

Mark Cutifani
Mark Cutifani

Glencore is looking lonely as rivals look to abandon coal business

By: Bloomberg     27th January 2021 Glencore is cutting an increasingly isolated figure as a major coal miner as one by one its biggest rivals look to abandon the most polluting fuel. Russian steelmaker Evraz said Tuesday it was considering options for demerging its coking coal business, five days after Brazilian iron-ore giant... 

Glencore is looking lonely as rivals look to abandon coal business

Global coalition formed to drive net-zero shift in hard-to-decarbonise transport and industrial sectors 

By: Terence Creamer     27th January 2021 A new global partnership has been formally launched in an effort to accelerate the decarbonisation of seven heavy industrial and transport sectors that together represent 30% of global greenhouse-gas emissions and where carbon-abatement pathways have yet to be defined. Known as the ‘Mission... 

Global coalition formed to drive net-zero shift in hard-to-decarbonise transport and industrial sectors

Zululand Anthracite Colliery restarts mining, processing operations

By: Simone Liedtke     27th January 2021 Zululand Anthracite Colliery (ZAC) has restarted mining and processing operations at its operation in KwaZulu-Natal. The mine has been on care and maintenance since President Cyril Ramaphosa’s declaration of the state of national disaster to mitigate the impact of Covid-19 in March 2020. 

Third consecutive year of coal export decline from Richards Bay Coal Terminal  

By: Martin Creamer     27th January 2021 Coal exports from South Africa’s Richards Bay Coal Terminal (RBCT) last year declined for the third consecutive year, with the 70.2-million tons exported to mainly Asia and single-digit percentages to Africa and Europe, taking exports back to what they were in 2013. In 2020, two-million fewer... 

Geographic spread of South African coal exports from Richards Bay Coal Terminal.
Richards Bay Coal Terminal’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Four mining companies adopt Mining Local Procurement Reporting Mechanism

By: Donna Slater     27th January 2021 Mining Shared Value (MSV), a nonprofit initiative of Engineers Without Borders Canada, reports that four mining companies have, so far, adopted the Mining Local Procurement Reporting Mechanism (LPRM), with two more confirming their plans to do so shortly. Ivanhoe Mines became the first company... 

Aus coal trade up despite Chinese woes

By: Esmarie Iannucci     27th January 2021 The value of Australia’s coal exports increased by 26% in the month of December, compared with November, despite the ongoing trade tensions with China. Data from the Australian Bureau of Statistics (ABS) has shown that coal exports were worth A$3.7-billion to the Australian economy in the month... 

Aus coal trade up despite Chinese woes

Transitioning fossil-fuel labour forces into new sectors critical for ‘clean, just energy transitions’ 

By: Terence Creamer     26th January 2021 The chair of a new global commission established to offer governments guidance on making their energy transitions more “people-centred” says that the creation of green jobs and the transitioning of existing fossil-fuel labour forces into new sectors will be “key factors for a clean, just energy... 

Transitioning fossil-fuel labour forces into new sectors critical for ‘clean, just energy transitions’
Danish Energy and Climate Minister Dan Jørgensen, who chairs the International Energy Agency’s new global commission on people-centred clean energy transitions, on the need to integrate social justice with the energy transition. Camera Work: Kutlwano Matala. Editing: Nicholas Boyd.

Wescoal CEO resigns, efforts continue to diversify customer base  

By: Marleny Arnoldi     26th January 2021 JSE-listed Wescoal has announced the resignation of Reginald Demana as CEO, citing personal reasons. Demand will step down at the end of June and has committed to assist in an orderly handover of duties, the coal miner said in a statement late on Monday.  

Reginald Demana has resigned as Wescoal CEO
Reginald Demana has resigned as Wescoal CEO

Eskom approaches court to have R23bn equity injection added back this year 

By: Terence Creamer     26th January 2021 State-owned electricity utility Eskom will make the case later this month for the immediate execution of a High Court order stipulating that an amount of R23-billion stripped unlawfully from its allowable revenue in 2019 by the National Energy Regulator of South Africa be added back during its... 

Eskom approaches court to have R23bn equity injection added back this year

Arnot OpCo plans safe restart of operations with Covid-19 in mind

By: Donna Slater     25th January 2021 Mpumalanga-based coal miner Arnot OpCo is planning the restart of its operations near Middelburg in a safe and controlled manner that takes into account measures to prevent the spread of Covid-19, at a time when South Africa is battling a second wave of infections. The company says it is not... 

Weekly Coal Index Report

25th January 2021 Chinese domestic and Pacific coal markets were substantially lower on the week, as supply and weather constraints eased. However, Europe is now dealing with severe cold weather as power and gas markets have tightened. Prices have soared as renewables fail to perform as hoped in the inclement... 

Weekly Coal Index Report

Contura name change to reflect metallurgical future

By: Mariaan Webb     22nd January 2021 NYSE-listed Contura Energy on Friday announced that it would change its name to Alpha Metallurgical Resources on February 1. The rebranding effort aims to more accurately relects the company's strategic focus on the production of metallurgical coal as a critical feedstock for steel production.... 

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

Biden poised to freeze oil and coal leasing on federal land

Botswana's private coal miner to double output if it wins Eskom contract, says CEO 

By: Reuters     22nd January 2021 Botswana's privately owned coal miner Minergy will double its output by opening a new mine if it wins a contract to supply coal to South Africa's biggest power utility Eskom, its chief executive officer said in a statement on Friday. Minergy was shortlisted to supply to Eskom's Tutuka power... 

Botswana's private coal miner to double output if it wins Eskom contract, says CEO

Brazil's Vale to divest troubled coal assets in Mozambique

By: Reuters     21st January 2021 Brazil’s Vale said on Thursday it is buying out minority stake partner, Japan’s Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050. Vale, the world’s second-biggest iron ore miner, said in a statement it... 

Buffalo appoints new nonexec director

By: Creamer Media Reporter      21st January 2021 South African coal miner Buffalo Coal has appointed Rory Taylor independent nonexecutive director and chairperson of the audit committee with effect from January 22. Taylor, a Canadian resident, is a chartered accountant (South Africa) and seasoned finance executive with a record of capable... 

South32 shelves Eagle Downs; reports strong quarterly production

By: Esmarie Iannucci     21st January 2021 Diversified miner South32 has set a number of production records in the first half of 2021, following a solid December quarter. “This was another period of strong operating performance across our business, with three of our operations setting production records for the half year,” said CEO... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

New timeframe considered for New Elk

By: Esmarie Iannucci     20th January 2021 Coal developer Allegiance Coal has raised a further A$2-million through the issue of convertible notes under a A$8-million convertible note arrangement with Mercer Street Global Opportunity fund, to bring forward production at its New Elk mine, Colorado. The total value of funds raised under... 

Project launched to define role of finance in South Africa and India’s ‘just transitions’ 

By: Terence Creamer     19th January 2021 A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just Transition Finance Roadmaps in South Africa... 

 Project launched to define role of finance in South Africa and India’s ‘just transitions’
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