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Coal News

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

China says it will stabilise commodity market, step up trade and stockpiling adjustment

By: Reuters     19th May 2021 China will strengthen management of both supply and demand sides to curb "unreasonable" increases in commodity prices and prevent the pass-through to consumers, the country's cabinet said on Wednesday, according to a report by state broadcaster CCTV. Prices for commodities such as steel,... 

China says it will stabilise commodity market, step up trade and stockpiling adjustment

Once key to the economy, Bosnia's coal mines face closure

By: Reuters     19th May 2021 Fourth-generation miner Adis Genga says he and his co-workers would join a general strike at Bosnian coal mines if miners are forced to leave their jobs under unfavourable conditions, knowing their days of staging industrial action are numbered. Within a decade, Genga, 37, and other workers from... 

Mining industry had the biggest influence on GDP decline with onslaught of Covid-19 – Mantashe 

By: Donna Slater     18th May 2021 Disruptions brought about by the onset of the Covid-19 pandemic in South Africa early last year resulted in the mining industry being the largest contributor to economic decline with its negative growth of 21.5%, Minerals Resources and Energy Minister Gwede Mantashe said on May 18. Presenting his... 

Mantashe again swats away calls for 50 MW licence-exemption cap on distributed plants  

By: Terence Creamer     18th May 2021 Mineral Resources and Energy Minister Gwede Mantashe has again swatted aside calls for a 50 MW licence-exemption threshold for distributed-generation plants, describing such calls, which have been made by organised business and even endorsed by Eskom, as “academic” in light of a departmental... 

Mantashe again swats away calls for 50 MW licence-exemption cap on distributed plants
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Asian demand for South African export coal remains strong – Seriti 

By: Martin Creamer     18th May 2021 Seriti Resources, which will take over South African Energy Coal (SAEC) from South32 on June 1, is particularly excited about the opportunity as the Seriti group to start now exporting coal in addition to continuing to support coal flows into Eskom. “We note that Asian demand for South African... 

Asian demand for South African export coal remains strong – Seriti
Doug Gain

No place for new coal in $5tr/y transition to net-zero by 2050 – IEA study 

By: Terence Creamer     18th May 2021 A new and far-reaching study of how to transition the global energy system to one with net-zero carbon emissions by 2050 highlights the need for a dramatic acceleration in the pace and scale of renewable-energy and grid investment, while simultaneously halting new fossil-fuel supply projects and... 

No place for new coal in $5tr/y transition to net-zero by 2050 – IEA study

SAEC name change to Seriti Power signals coal miner’s new broader energy vision   

By: Martin Creamer     17th May 2021 The change of name of South African Energy Coal (SAEC) to Seriti Power when South32’s coal assets become absorbed into Seriti Resources from June is indicative of Sereti Resources seeing opportunities in general energy beyond coal, CEO Mike Teke said on Monday. SAEC is the name that the ASX- and... 

SAEC name change to Seriti Power signals coal miner’s new broader energy vision
Seriti CEO Mike Teke interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Weekly Coal Index Report

17th May 2021 Another wild week as the coal market continues to soar. Chinese domestic prices rallied and then softened significantly, although it was FOB Newcastle prices that were most affected by the turnaround. Physical Richards Bay continues to trade robustly as demand remains strong. A little rand... 

Weekly Coal Index Report

Eskom approves higher Duvha coal price, facilitating South32 mine sale to Seriti  

By: Terence Creamer     17th May 2021 State-owned electricity producer Eskom confirmed on Monday that the Duvha coal supply agreement (CSA) had been increased to facilitate the sale of South32’s majority shareholding in South32 SA Energy Coal Holdings (SAEC) to black-owned resources group Seriti. The utility also announced that the... 

Eskom approves higher Duvha coal price, facilitating South32 mine sale to Seriti
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CEO Andre de Ruyter

South32's coal deal declared unconditional

By: Esmarie Iannucci     17th May 2021 Diversified miner South32’s sale of its South African Energy Coal division has been declared unconditional, after all conditions precedent to the transaction were satisfied. The miner in November 2019 struck an agreement with a wholly-owned subsidiary of Seriti Resources Holdings, to divest of... 

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

New technologies transforming mining, metals industry – ICMM
An innovation for cleaner, safer vehicles initiative has been introduced.

Investors are stewarding gradual move to decarbonisation in emerging markets 

By: Marleny Arnoldi     14th May 2021 Investment manager Old Mutual Investment Group responsible investment head Jon Duncan tells Mining Weekly that, while the mining industry cannot ignore the global climate change context, which in part is driving international divestment from the likes of coal miners Exxaro and Anglo American, the... 

Investors are stewarding gradual move to decarbonisation in emerging markets

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia     13th May 2021 Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... 

Mining production, sales increase year-on-year in March

Australian coal miners flag finance, insurance difficulties

By: Reuters     13th May 2021 Australia's coal industry is suffering from dwindling access to finance and insurance that is raising the costs of doing business and threatening the longevity of the an industry that accounts for the country's second-most-valuable exports, submissions to a parliamentary inquiry showed. In... 

Australian coal miners flag finance, insurance difficulties

KGHM plans to sell its smaller mines outside Poland

By: Reuters     13th May 2021 Poland's KGHM, which is one of the world's biggest copper and silver producers, plans to sell its smaller mines outside Poland, including Carlota in the United States, company representatives said on Thursday. "We decided that the smaller mines do not fit in our portfolio. It seems that now is... 

IFC could fund controversial gas-power ships in South Africa

By: Bloomberg     12th May 2021 The World Bank’s International Finance Corporation (IFC) said it expressed interest in funding bidders in a South African tender for emergency power provision, including a Turkish supplier of gas-fired power plants on ships, putting it on course for a clash with climate activists. Karpowership,... 

China Energy to source at least 5Mt Mongolian coking coal from Jiayou International

By: Reuters     12th May 2021 China's Jiayou International Logistics said on Wednesday that its unit has signed agreement with China Energy Investment Corporation's affiliate to supply at least five-million tonnes of coking coal till the end of 2026. The materials will be shipped from Mongolia, Jiayou said in a statement on... 

Anglo says technology integral to its sustainability 

By: Schalk Burger     12th May 2021 Diversified mining multinational Anglo American on May 11 provided a detailed overview and update of the technologies that are being developed and deployed group-wide, as well as the impact of its operating model changes, to sustain and improve its operations. “Technology and innovation are... 

Anglo says technology integral to its sustainability
Anglo American technical director Tony O'Neill

Coronado to face court over fatality

By: Esmarie Iannucci     11th May 2021 Coal miner Coronado Global Resources is facing court charges over a fatality at its Curragh mine, in Queensland, which occurred in January of last year. An employee of contractor Thiess was critically injured last year after becoming trapped in machinery at the mine. 

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire  

By: Donna Slater     10th May 2021 After 22 years with the Wits School of Mining Engineering, Wits Mining Institute director Professor Fred Cawood is planning to retire at the end of May, starting what he calls his “second life” at the age of 60. He explains that the theory behind a “second life” is based on Japanese work ethics... 

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire
Colleagues wish Wits Mining Institute director Professor Fred Cawood farewell as he retires after serving 22 years in mining education

Weekly Coal Index Report

10th May 2021 As the coal market rallies once more, Anglo Coal’s “Thungela” is about to see the light of day. It will no doubt act as a proxy for a pure-play tier one South African coal producer. Will shareholders abandon it as a dirty, unloved orphan, preferring the bright lights and promise of clean energy?... 

Weekly Coal Index Report

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge 

By: Terence Creamer     10th May 2021 The National Energy Regulator of South Africa announced on Monday that it would oppose an Eskom High Court application seeking to review and set aside the Energy Regulator’s latest regulatory clearing account determination. In an unusual step, the regulator also urged other stakeholders to join... 

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge

Eskom places senior coal procurement manager on suspension

By: Creamer Media Reporter      7th May 2021 Power utility Eskom has placed a senior manager in its coal procurement division on preliminary suspension, citing alleged corruption. This follows a whistle-blower tip-off to Eskom. 

Moranbah North restart targeted for May

By: Esmarie Iannucci     7th May 2021 Major Anglo American has begun re-entry into its Moranbah North coal mine, in Queensland, following approval from the Resources Safety & Health Queensland (RSHQ). The miner in February this year undertook the controlled withdrawal of staff at the mine following a change in underground... 

Aus working on resource export strategy

By: Esmarie Iannucci     7th May 2021 The federal government has announced a A$20-million investment into a Global Resources Strategy, to help diversify exports and find new markets for Australia’s resources and Technology. Resources, Water and Northern Australia Minister Keith Pitt on Friday said that the aim of the new strategy is... 

Local clarification, dewatering system going global

By: Halima Frost     7th May 2021 Water treatment specialist Watercare Mining tells Mining Weekly that it is in talks with mining houses in Australia, Canada, India and Europe to incorporate  the Watercare Integrated High-Rate Clarifier and Dewatering (IHRC&D) system as part of early feasibility studies for various mine... 

Local clarification, dewatering system  going global
SUCCESSFUL SYSTEM The successful implementation of Watercare Mining's systems locally has led to the move to mines internationally

Plant destined for coal mine

7th May 2021 Water solutions provider Clean TeQ Water, in March, announced that it had been awarded a contract to design, procure, deliver and install a BIONEX water treatment plant at a coal mine in inner Mongolia, China. “We have persisted for a long time to make inroads into the very large Chinese water... 

Plant destined  for coal mine
WATER WOES The water treatment plant supplied by Clean TeQ Water will assist the Mongolian cola mine with its wastewater

Skills development integral to sector mandate

By: Darren Parker     7th May 2021 The mining industry needs to employ more skilled workers with higher qualifications to progress and modernise, which will, in turn, enable the industry to operate safer and more efficiently, says mining investment company Menar group social licensing manager Xolile Mankayi. Menar runs several... 

Skills development integral to sector mandate
OPEN PIT PRACTICAL Twenty community members attended a 30-day mobile machinery for surface mining training programme in 2019

Anglo shareholders green-light Thungela demerger

By: Donna Slater     6th May 2021 Shareholders of Anglo American have voted in favour of the demerger of its coal business, which will be spun out into Thungela Resources. The demerger is expected to be completed on June 4.  

Coronado completes first part of placement

By: Esmarie Iannucci     6th May 2021 Coal producer Coronado Global Resources has completed the institutional component of its 1-for-4.73 pro-rata accelerated non-renounceable entitlement offer, raising $87-million. The ASX-listed company on Thursday said that existing institutional holders had strongly supported the institutional... 

Trade tensions rise between China and Aus

6th May 2021 Advisory firm WoodMackenzie (WoodMac) has warned that the escalation in the geopolitical dispute between China and Australia was likely to have an impact on the resources sector. China’s state planner, the National Development and Reform Commission (NDRC) on Thursday reportedly announced an... 

Trade tensions rise between China and Aus

Minerals Council encourages distributed generation for mining industry 

By: Simone Liedtke     5th May 2021 The Minerals Council South Africa is encouraging the uptake of distributed generation (also called self-generation) of power in South Africa, especially considering that South Africa is facing an electricity supply gap. The impact of this is “huge”, Minerals Council CEO Roger Baxter told... 

Minerals Council encourages distributed generation for mining industry
Minerals Council CEO Roger Baxter

Ministerial determination sanctioning private power procurement would spur investment, clear regulatory blockages  

By: Terence Creamer     5th May 2021 The chairperson of the South African Independent Power Producer Association (SAIPPA) believes that the quickest and cheapest way to reduce, or eliminate, South Africa’s growth-sapping risk of load-shedding would be for Mineral Resources and Energy Minister Gwede Mantashe to issue a Ministerial... 

Ministerial determination sanctioning private power procurement would spur investment, clear regulatory blockages

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions 

By: Terence Creamer     5th May 2021 A new International Energy Agency (IEA) report is warning of a potential supply deficit for some of the ‘critical minerals’ needed to support a global shift in the energy system that is aligned with the Paris Climate Agreement, as well as the growing number of country commitments to cutting... 

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions

World's biggest coal port loan price linked to social, emissions goals

By: Reuters     4th May 2021 Australia's Port of Newcastle has signed a A$515-million loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said. The world's largest coal port will pay less if certain targets are met, including reducing its... 

Coronado launches major refinancing package

By: Esmarie Iannucci     4th May 2021 Coal miner Coronado Global Resources on Tuesday launched a $100-million equity offer as part of its larger $550-million refinancing package to create financial flexibility. The ASX-listed company at the end of April announced the $550-million refinancing package, which also included a... 

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