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Coal News

Push to liquidate Murray means coal mines will close, union says

By: , Bloomberg     4th May 2020 Consol Energy’s effort to push rival coal company Murray Energy into liquidation is aimed at shuttering mines and reducing output in an oversupplied industry, according to the largest US coal miners’ union. “Liquidation plays to the benefit of all the competitors in the region,” United Mine... 

Renewables to be only energy growth source in 2020 as markets experience ‘biggest shock since Second World War’

By: Terence Creamer     30th April 2020 Renewables will be the only energy source to experience growth in 2020, as Covid-19 lockdowns trigger a plunge in demand for all other energy sources amid what the International Energy Agency (IEA) is describing as the “biggest energy market shock since the Second World War”. A new IEA report,... 

Renewables to be only energy growth source in 2020 as markets experience ‘biggest shock since Second World War’
IEA executive director Fatih Birol

Resgen continues engagement on mine funding package for Boikarabelo mine

By: Simone Liedtke     30th April 2020 Emerging ASX- and JSE-listed energy company Resource Generation (Resgen) is securing the required regulatory approvals and translating the Mine Funding Package arrangement into a further amendment to the facility agreement for its Boikarabelo coal mine, in South Africa. Boikarabelo's resources... 

Glencore well positioned to navigate Covid challenges – Glasenberg 

By: Martin Creamer     30th April 2020 Diversified mining and marketing company Glencore is well positioned to navigate the current challenges presented by the Covid-19 pandemic, Glencore CEO Ivan Glasenberg said on Thursday, when the London- and Johannesburg-listed company reported first-quarter production and provided a general... 

Glencore well positioned to navigate Covid challenges – Glasenberg
Photo by Blooomberg
Ivan Glasenberg

Adviser streamlines mine processes

By: Halima Frost     30th April 2020 Specialist mining advisory company Ukwazi Mining Solutions was selected to assist a major mining client with the streamlining and automation of its planning process for a sizeable Southern Africa openpit coal operation last year.   “The client had many challenges ranging from inconsistent data... 

Adviser streamlines mine processes
COAL-ITION Ukwazi Mining Solution's has partnered with a major coal mining client to maximize the efficacy of its planning processes

Eskom shuts power plant after warning ash dam may collapse

By: , Bloomberg     30th April 2020 Eskom Holdings, South Africa’s State-owned electricity utility, said it has temporarily closed its Camden power plant because the dam where it stores the ash from burning coal could burst and endanger local residents. The 1,600-megawatt power plant will be closed for up to three months after a... 

Eskom seeks to repurpose three coal-fired power stations 

By: Creamer Media Reporter      29th April 2020 Creamer Media's Chanel de Bruyn speaks to Engineering News editor Terence Creamer about Eskom's plans for repurposing three coal-fired power stations, in Mpumalanga, that are due to close in the next few years. 

Eskom seeks to repurpose three coal-fired power stations
Eskom seeks to repurpose three coal-fired power stations

Poland's Tauron cuts hours and pay at its coal mines

By: Reuters     29th April 2020 Poland's Tauron will cut hours and pay by 20% in its three coal mines for three months from May, making it eligible for government help during the new coronavirus crisis, the state-run utility said on Wednesday. Poland relies on coal for almost 80% of its electricity production, but lockdown... 

Tigers Realm firmly on track for 2020

By: Esmarie Iannucci     29th April 2020 Coal miner Tigers Realm Coal has maintained its production guidance for the 2020 financial year of 550 000 t, as its operations in Russia remained unaffected by impacts from the Covid-19 pandemic. Run of mine production for the three months to March reached 137 000 t, down from the 288 000 t... 

Stanmore urges offer acceptance

By: Esmarie Iannucci     29th April 2020 The directors of takeover target Stanmore Coal have urged shareholders to accept a takeover offer from shareholder Golden Investment. Golden Investment is offering Stanmore shareholders A$1 a share in cash for all of their shares held, and since launching its offer in April, the company’s... 

Universal posts strong quarter amid takeover

By: Esmarie Iannucci     29th April 2020 South Africa-focused coal miner Universal Coal has reported an 11% increase in run-of-mine (ROM) production for the March quarter, and a 16% increase is sales volumes, compared with the previous corresponding period. The miner on Wednesday reported that quarterly ROM production reached... 

Allegiance nearly halves New Elk startup capex

By: Esmarie Iannucci     29th April 2020 Coal developer Allegiance Coal has once again reduced the projected start-up capital for its New Elk coal mine, in Colorado. The ASX-listed miner on Wednesday said that a review of the mine plan by independent engineers Stantec has reduced the start-up capital estimate from $40-million to... 

Morale high as Covid-masked South African miners get back to work 

By: Martin Creamer     28th April 2020 Morale is reportedly high as Covid-masked and physically distanced South African mineworkers get back to mining underground for companies that have gone the extra mile to ensure that they have been fully remunerated and host communities generously funded during the national lockdown. In a... 

Morale high as Covid-masked South African miners get back to work
Mineworkers with personal protective equipment.

Stanmore earnings take a hit

By: Esmarie Iannucci     28th April 2020 Coal miner Stanmore Coal has warned shareholders that its underlying earnings before interest, tax, depreciation and amortization (Ebitda) for the full 2020 will be impacted by the Covid-19 pandemic. The miner has revised its underlying Ebitda expectations for the full year from between... 

Weekly Coal Index Report

28th April 2020 Although the RB1 benchmark fell slightly on the week, the off-spec grades have seen some resilience. Yet again Rand weakness is helping miners to weather the storm, but this only really helps for higher grade material. There is almost nowhere other than Eskom for low-grade material to go,... 

Weekly Coal Index Report

Eskom says all repurposing options on table for Komati, Hendrina and Grootvlei 

By: Terence Creamer     28th April 2020 State-owned power utility Eskom insists that all options are on the table as it considers proposals for the repurposing of three coal-fired power stations – Komati, Hendrina and Grootvlei – that are scheduled to cease producing electricity between 2022 and 2026. The utility issued an expression... 

Eskom says all repurposing options on table for Komati, Hendrina and Grootvlei
Komati

Opencast mines may return to 100% of capacity from May 1 – Patel

By: Martin Creamer     27th April 2020 Opencast mines are permitted to return in phases to 100% operation from May 1 but underground mines must continue at 50% of production capacity, Trade and Industry Minister Ebrahim Patel said on Saturday. Speaking during a media briefing covered by Mining Weekly on South Africa’s easing from the... 

Opencast mines may return to 100% of capacity from May 1 – Patel
Openast mines like this one may return to 100% production capacity.

Poland's biggest coal group shuts two mines until Sunday due to epidemic

By: Reuters     27th April 2020 Poland's biggest coal group, state-run PGG, has temporarily closed two of its mines due to the spread of the new coronavirus among the miners, it said on Monday. Poland, which generates most of its electricity from coal, has confirmed 11 761 coronavirus cases, including 539 deaths. PGG, which... 

Poland's biggest coal group shuts two mines until Sunday due to epidemic

Learning curve still too steep to define ‘best practice’ mining response

By: Martin Creamer     27th April 2020 The rapidly evolving Covid-19 crisis learning curve is still too steep to conclusively define what a ‘best practice’ response looks like from the mining industry, says the International Council on Mining and Metals (ICMM), which is facilitating a rapid exchange of information and knowledge to... 

Learning curve still too steep to define ‘best practice’ mining response
ICMM CEO Tom Butler

Final list of sectors entitled to resume under ‘Level 4’ lockdown to be published soon

By: Terence Creamer     25th April 2020 The South African government has unveiled initial details of its risk-adjusted approach for resuming economic activity and easing restrictions imposed as part of a hard lockdown, which was instituted on March 26 to combat the spread of the Covid-19 virus. President Cyril Ramaphosa announced on... 

Final list of sectors entitled to resume under ‘Level 4’ lockdown to be published soon
Trade, Industry and Competition Minister Ebrahim Patel

MC Mining's third-quarter coal production up 12% 

By: Simone Liedtke     24th April 2020 Coal miner MC Mining’s Uitkomst Colliery produced 127 122 t of run-of-mine (RoM) coal in its third quarter, ended March 26 − the day before South Africa entered into a five-week lockdown to curb the spread of Covid-19 infections. Output for the quarter was 12% higher than the 113 190 t produced... 

Transformation front and centre of precinct’s modus operandi

By: Mamaili Mamaila     24th April 2020 Transformation, representation and inclusion are “key imperatives” for public–private mining industry collaboration the Mandela Mining Precinct, says research body The Coaltech Research Association (Coaltech) CEO Henk Lodewijks. 

Transformation front and centre of precinct’s modus operandi
DRY PROCESSING The Russian pilot plant (pictured above) which Coaltech imported to conduct trials on several domestic coals, upgrades coal without using any water

Mandela Mining Precinct can play key role in navigating industry through Covid-19 crisis

By: Nadine James     24th April 2020 Times of crisis and chaos necessitate introspection, creativity and adaptation, and while the Covid-19 pandemic is a challenge that is unprecedented in recent human memory, it highlights how essential continual research, innovation and planning are for the sustainability of society. Challenging... 

Mandela Mining Precinct can play key role  in navigating industry through Covid-19 crisis

Most Anglo mines around the world continuing to operate

By: Martin Creamer     23rd April 2020 Most of Anglo American’s mining sites around the world are continuing to operate, with appropriate health, hygiene and distancing measures. The diversified mining company said on Thursday that it was taking all necessary steps to ensure the security and integrity of its assets for the long term... 

Most Anglo mines around the world continuing to operate
Photo by Bloomberg
Anglo American CE Mark Cutifani

South African Q1 diamond production up 97% – Anglo 

By: Martin Creamer     23rd April 2020 Diversified mining company Anglo American reported on Thursday that its first-quarter diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo was mined prior to transitioning to underground mining, Venetia’s underground... 

South African Q1 diamond production up 97% – Anglo
Photo by Creamer Media's Donna Slater
Opencast Venetria diamond mine.

Firm directive to ensure safe mining resumption

By: Martin Creamer     23rd April 2020 The Department of Mineral Resources and Energy (DMRE) on Thursday issued a firm directive to all mining operations to ensure safe start-up procedures as the sector prepares to ramp up to 50% of capacity. Mining Weekly can report that the directive is issued to ensure compliance with Section 5(1)... 

Firm directive to ensure safe mining resumption
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe.

Opinion: Covid-19 presents opportunity to rethink impact of mines on communities

22nd April 2020 The temporary closure and imminent reopening of mines across the country in the coming weeks provides an opportunity for mine bosses to assess and rethink their impact on communities, say Louise Scholtz and Khodani Mulaudzi of the World Wide Fund for Nature South Africa (WWF-SA). In a small town... 

Opinion: Covid-19 presents opportunity to rethink impact of mines on communities
WWF-SA's Khodani Mulaudzi and Louise Scholtz

Post-Covid delivery of crane for colliery’s dragline excavator 

By: Martin Creamer     22nd April 2020 A contract won by Witbank company GTB Industrial Services will see Condra manufacturing a technically complex crane to service an Mpumalanga colliery’s dragline excavator. Condra will deliver the dragline maintenance crane during the month following the easing of Covid-19 quarantine restrictions. 

Post-Covid delivery of crane for colliery’s dragline excavator
Dragline excavator.

Atrum raises A$22m for Elan work

By: Esmarie Iannucci     22nd April 2020 ASX-listed Atrum Coal has raised A$22-million through a share placement to progress its Elan hard coking coal project, in Alberta Canada, through prefeasibility study (PFS) and the formal permitting application. Atrum issued 95.7-million shares, priced at 23c each, over two tranches to... 

Atrum raises A$22m for Elan work

Now Wescoal receives Eskom force majeure 

By: Martin Creamer     21st April 2020 Coal mining and marketing company Wescoal on Tuesday became the second JSE-listed coal-mining company to report that it had received a force majeure notification from State coal utility Eskom to halt supply. The first company was coal mining company Exxaro, which said it would be vigorously... 

Now Wescoal receives Eskom force majeure
Activity at a Wescoal colliery in Mpumalanga.

Bearish stance on coal prices remains – S&P

By: Marleny Arnoldi     21st April 2020 Research agency Standard & Poor’s Global Platts (S&P) says there is a lack of upside signals for global coal demand, and the agency remains cautious around any significant rebound. This follows a bull market for coal that ran from 2016 to 2018, when global coal prices appeared to bottom out by... 

Teck's first-quarter adjusted profit plunges 84%

By: Mariaan Webb     21st April 2020 Canada’s largest diversified miner, Teck Resources, on Tuesday posted an 84% drop in first-quarter profit, as the coronavirus pandemic hit prices hard for the commodities that the miner produces. The TSX- and NYSE-listed company reported adjusted profit of C$94-million, or C$0.17 a share, for... 

Teck's first-quarter adjusted profit plunges 84%
Teck Resources CEO Don Lindsay

Citi to stop working with thermal coal miners, to reject funding for Arctic oil, gas exploration

By: , Bloomberg     21st April 2020 Citigroup will stop providing financial services to thermal coal-mining companies over the next 10 years to help accelerate the economy’s shift away from fossil fuels. By 2025, the bank won’t provide underwriting and advisory services to the industry and will cut its credit exposure in half,... 

Citi to stop working with thermal coal miners, to reject funding for Arctic oil, gas exploration

Exxaro to contest Eskom’s force majeure notice

By: Martin Creamer     20th April 2020 State electricity utility Eskom has informed coal producer Exxaro that it will not be taking the full contractually agreed tons of coal from the JSE-listed company from April 16 until one month after national lockdown has been completely lifted – a stance that Exxaro said it will vigorously... 

Exxaro to contest Eskom’s force majeure notice
Photo by Creamer Media
CEO Mxolisi Mgojo

Hillside Aluminium achieves record saleable production ­– South32 

By: Martin Creamer     20th April 2020 Despite the impact on production of loadshedding, the Hillside Aluminium in KwaZulu-Natal achieved record saleable production output of 540 000 t in the nine months ended March 30, as the smelter continued to test its maximum technical capacity. Hillside Aluminium is considered an essential... 

Hillside Aluminium achieves record saleable production ­– South32
Photo by Creamer Media
South32 CEO Graham Kerr.

Anglo, De Beers announce additional $3m donations for Covid relief 

By: Martin Creamer     20th April 2020 Anglo American and De Beers on Monday announced additional donations of $2-million to South Africa’s Solidarity Fund, which addresses the impacts of Covid-19, and $1-million to the Oppenheimer family’s South African Future Trust, established to support small- and medium-sized businesses through... 

Anglo, De Beers announce additional $3m donations for Covid relief
Photo by Reuters
Anglo American CE Mark Cutifani

Weekly Coal Index Report

20th April 2020 Crude and natgas prices stabilised over the week, with EU emissions prices also recovering from their lows end March. However, it remains a torrid time for SA coal exporters as demand for spot physical cargoes evaporates. The RB1 physical discount to paper widened dramatically as RBCT stocks... 

Weekly Coal Index Report
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