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Coal News

Master Drilling aligning with opencast mines going underground in changing world  

By: Martin Creamer     26th August 2020 South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the... 

Tough year at Australian coal miner Whitehaven

By: Esmarie Iannucci     26th August 2020 Coal miner Whitehaven Coal has reported a 95% fall in net profit after tax for the full year ended June, as thermal coal prices softened and labour shortages impacted production. Underlying net profit after tax for the full year reached A$30-million, while underlying earnings before interest,... 

Teck reaches shipping agreement with Westshore Terminals

By: Mariaan Webb     26th August 2020 Vancouver-based miner Teck Resources has signed a new agreement with the company it uses to export its steelmaking coal, contracting for the shipment of 32.25-million tonnes. Teck’s agreement with Westshore Terminals Limited Partnership is nonbinding and reflects an agreement on proposed terms... 

Teck reaches shipping agreement with Westshore Terminals
Westshore Terminals

Kibo to publish full-year results by September 30

By: Creamer Media Reporter      25th August 2020 JSE- and Aim-listed Kibo Energy has been granted an extension for the publication of its financial results for the year ended December 31, 2019. It expects to publish its full-year results on or before September 30. 

Trump promised a coal comeback but America’s miners need an energy revolution

By: Bloomberg     25th August 2020 Bobby Stevens’s backup plan for his backup plan encountered an obstacle a few months ago. In March the coronavirus pandemic closed the Kentucky government building where he was set to take his commercial driver’s license test, which he started studying for after he got dismissed by his second... 

Trump promised a coal comeback but America’s miners need an energy revolution

Contango subsidiary signs second LoI towards coal offtake agreement 

By: Marleny Arnoldi     24th August 2020 London-listed Contango Holdings has signed a letter of intent (LoI) with CoalZim Marketing for a 2 000 t-a-month coal offtake agreement. This is the second offtake LoI secured by Contango in August, demonstrating the strong demand for the high-quality coal products produced at the company’s... 

A Chinese coal miner is getting into solar production

By: Bloomberg     24th August 2020 Mid-tier Chinese coal miner Shanxi Coal International Energy Group is planning a significant investment in the competing business of making high-tech solar power cells. The State-owned firm will lead a joint venture to build a 3GW solar manufacturing plant for 3.19-billion yuan, according to a... 

Wescoal CFO to step down

By: Creamer Media Reporter      24th August 2020 Izak van der Walt will step down as CFO of coal miner Wescoal on August 31 to pursue other interests. While the company works to recruit a new CFO, finance operations senior manager Jubilant Speckman will take up the position of interim CFO. 

Templar proposes R1.3bn debt-to-equity conversion to rescue Optimum Coal

By: Tasneem Bulbulia     24th August 2020 Investment firm Templar Capital, an independent creditor in the Optimum coal mine, has, in conjunction with the Optimum business rescue practitioners (BRPs) and other significant creditors, proposed a business rescue plan that is expected to be presented shortly to all of Optimum's creditors.... 

Weekly Coal Index Report

24th August 2020 Vietnam is the new coal exporter’s darling, as imports surged during the COVID-19 pandemic, increasing around 46% y-o-y. The country has imported circa 36-million tonnes so far this year, although Indonesia, Russia and China are the major suppliers. SA clearly has a major freight disadvantage and... 

Weekly Coal Index Report

Buffalo Coal posts R87m interim loss

By: Marleny Arnoldi     24th August 2020 TSX- and AltX-listed Buffalo Coal Corporation has posted a net loss of R87-million for the six months ended June 30, compared with a net profit of R25.3-million reported for the six months ended June 30, 2019. This is a decrease of more than 200% year-on-year and translated to a headline loss a... 

Buffalo Coal posts R87m interim loss

Worker dies at Springvale mine

By: Esmarie Iannucci     24th August 2020 The New South Wales Resources Regulator has confirmed the death of a worker at the Springvale underground coal mine, which is owned by unlisted Centennial Coal. The Resources Regulator said that a worker was found unconscious and unresponsive in a vehicle underground, adding that the medical... 

Elon Musk is going to have a hard time finding clean nickel

By: Bloomberg     24th August 2020 Elon Musk promises a “giant contract” with the miner that can supply nickel for Tesla Inc. batteries at low cost with minimal environmental impact, yet the industry’s messy track record may make that deal difficult to clinch. Recent accidents such as a diesel spill in Arctic Russia and a burst... 

Elon Musk is going to have a hard time finding clean nickel
Elon Musk

DMRE launches procurement process for 2 000 MW of ‘dispatchable’ power

By: Terence Creamer     22nd August 2020 The Department of Mineral Resources and Energy (DMRE) has formally initiated the much-anticipated procurement process for 2 000 MW of emergency power under its so-called Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP). The request for proposals (RFP) bid documentation... 

DMRE launches procurement process for 2 000 MW of ‘dispatchable’ power
Photo by Creamer Media's Donna Slater
Minerals Resources and Energy Minister Gwede Mantashe

Eskom Transmission head says policy, legislative and regulatory changes needed to facilitate unit’s full independence  

By: Terence Creamer     21st August 2020 The head of Eskom’s Transmission division has outlined some of the progress being made to establish an Independent Transmission System Operator (ITSO) but has also warned that full separation will take time and will also require major policy, legislative and regulatory changes. The creation of... 

Eskom Transmission head says policy, legislative and regulatory changes needed to facilitate unit’s full independence
Eskom Transmission CEO Segomoco Scheppers on the progress being made in setting up an Independent Transmission System Operator and the gaps that remain. Camera Work: Kutlwano Matala. Editing: Nicholas Boyd.

Exxaro breathes new life into Matla Mine 1  

By: Marleny Arnoldi     21st August 2020 JSE-listed Exxaro Resources has started with work on its Matla Mine 1 Relocation project. The 42-year-old Matla operation consists of three underground mines.  

Exxaro breathes new life into Matla Mine 1
Exxaro's Matla Mine 1

Exxaro’s Belfast mine invests in Covid-19 protection, awareness campaign

By: Donna Slater     21st August 2020 In its fight against Covid-19, coal miner Exxaro Resources’ Mpumalanga-based Belfast coal mine has spent R410 000 on prevention and screening measures since the virus began to spread in South Africa. The mine invested the money into procuring personal protective equipment in the form of soap,... 

Exxaro’s Belfast mine invests in Covid-19 protection, awareness campaign

More job losses loom at New Hope

By: Esmarie Iannucci     21st August 2020 Coal miner New Hope Group has reported a 15.8% drop in production for the quarter ended July, compared with the previous corresponding period, as production at its Queensland operation, including the New Acland mine, fell. Total saleable coal production in the three months to July reached... 

Teck goes on headhunting spree with investors seeking change

By: Bloomberg     21st August 2020 Teck Resources is shaking up its top executive ranks after coming under fire from investors seeking change at Canada’s largest diversified miner. Harry “Red” Conger, a veteran miner who stepped down from Freeport-McMoRan this month, becomes Teck’s COO effective September 1, the Vancouver-based... 

New sewage treatment plants planned

By: Darren Parker     21st August 2020 Following the successful commissioning of a sewage treatment plant for coal mining company Canyon Coal’s Khanye colliery, in Gauteng, in early 2019, plans are under way to build similar plants at the company’s planned De Wittekrans and Palmietkuilen collieries. In a statement issued by the... 

New sewage treatment plants planned
WASTE NOT The sewage treatment plant at Khanye colliery is designed to treat up to 30 000 ℓ/d of sewage water for discharge into an adjacent wetland system

MAC says federal review of Teck expansion ‘extremely’ disappointing

By: Mariaan Webb     20th August 2020 The Mining Association of Canada (MAC) has expressed its “extreme” disappointment in the federal government's decision to designate diversified miner Teck Resources’ Castle coal project under the Impact Assessment Act (IAA). The project will extend Teck’s existing Fording River steelmaking coal... 

MAC says federal review of Teck expansion ‘extremely’ disappointing
Teck Resources CEO Don Lindsay.

Edenville gets Rukwa project fully operational

By: Marleny Arnoldi     20th August 2020 Aim-listed Edenville Energy says the wash plant at its Rukwa coal project, in Tanzania, has started operating. This follows the restart of mining activities at the project’s Northern Pit on August 3.  

Anglo’s July Ndlovu says coal underpins societal development

By: Simone Liedtke     20th August 2020 Despite coal being a commodity “that some have chosen to hate”, Anglo American Coal South Africa CEO July Ndlovu says it will continue to remain relevant, as it “underpins societal development”. Ndlovu, recently appointed as World Coal Association chairperson, emphasised during the virtual Coal... 

Anglo’s July Ndlovu says coal underpins societal development
Anglo American Coal South Africa CEO July Ndlovu

Covid-19 impact on coal, energy systems still evolving, says Prevost

By: Simone Liedtke     20th August 2020 With the Covid-19 pandemic having created the biggest global crisis in generations by sending shockwaves through health systems, economies and societies around the world, XMP Consulting senior coal analyst Xavier Prevost says the implications of the pandemic for energy systems and clean energy... 

Covid-19 impact on coal, energy systems still evolving, says Prevost
Photo by Creamer Media's Donna Slater
XMP Consulting senior coal analyst Xavier Prevost

Teke urges power sector to usher in carbon capture, storage tech

By: Simone Liedtke     20th August 2020 South Africa has to start accelerating its drive towards a responsible transition to clean coal power generation technology to grow the country’s gross domestic product, economy and drive job creation, says empowered coal miner Seriti Resources CEO Mike Teke. In delivering the keynote opening... 

Teke urges power sector to usher in carbon capture, storage tech
Seriti Resources CEO Mike Teke

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge 

By: Martin Creamer     20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... 

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
Specialised Exhibitions MD Gary Corin outlines Electra Mining Africa 2020 Connect plans to Martin Creamer. Video: Darlene Creamer.

New charcoal production facility launched in Western Cape 

By: Simone Liedtke     18th August 2020 Western Cape-based Toronto Group on August 18 launched its charcoal production facility, in the Swartland municipality of the province. The combined virtual and limited attendance sod-turning ceremony was hosted by information bureau Wesgro. 

New charcoal production facility launched in Western Cape
An artist's rendering of the Toronto Group's Charcoal Production Facility once completed.

Six months set aside for merger of CEF’s oil and gas subsidiaries into ‘Newco’ 

By: Terence Creamer     18th August 2020 The process of merging the State-owned entities of PetroSA, Igas and the Strategic Fuel Fund (SFF) into an “integrated national petroleum company” will formally begin on September 1, with six months having been set aside for the creation of a Newco that is “commercially viable”. All three... 

Six months set aside for merger of CEF’s oil and gas subsidiaries into ‘Newco’
Photo by Creamer Media
The PetroSA GTL refinery in Mossel Bay

The world’s top miner broadens plans to exit coal operations

By: Bloomberg     18th August 2020 BHP Group will broaden plans to exit coal operations and review opportunities to shed aging oil and gas assets under new CEO Mike Henry’s more urgent push to reshape the world’s top miner’s portfolio for a low-emissions future. The producer aims to sell, or spinoff, its 80% share in the BHP... 

The world’s top miner broadens plans to exit coal operations

Mining production to end year higher than in the first half

By: Donna Slater     18th August 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says mining production and investment across most minerals, except for thermal coal, are likely to finish the year stronger than in the first half of the year as a result... 

Sasol’s new-look strategy will seek to ‘reset’ group for low-carbon world 

By: Terence Creamer     17th August 2020 Embattled chemicals and energy group Sasol aims to officially unveil its new-look strategy, dubbed Future Sasol, later this year. It has already indicated, however, that the plan will seek to reposition the 70-year-old company, built around a highly carbon-intensive technology that converts coal... 

Sasol’s new-look strategy will seek to ‘reset’ group for low-carbon world

Sasol will execute rights issue in 2021 calendar year as it refines ‘ticket size’ 

By: Terence Creamer     17th August 2020 Debt-laden chemicals and energy group Sasol confirmed on Monday that it was preparing to execute a rights issue during the second half of its 2021 financial year, despite reporting that it was on track to deliver disposals of greater than $2-billion and exceeding its initial cash conservation... 

Sasol will execute rights issue in 2021 calendar year as it refines ‘ticket size’
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Weekly Coal Index Report

17th August 2020 Both Australia and South Africa may experience a wetter than normal summer, as the possibility of a La-Nina event increases. Combined with the high level of atmospheric water from melted Arctic ice, coal miners may be hoping for rain-induced supply disruptions at operations and ports to counter... 

Weekly Coal Index Report

Sasol swings to R91.3bn annual loss on lower oil prices, writedown

By: Reuters     17th August 2020 South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak. The world's top producer of motor fuel from coal reported a loss of R91.3-billion for the full year ended June... 

Sasol swings to R91.3bn annual loss on lower oil prices, writedown

Four people die in accident near coal mine of Russia's Severstal

By: Reuters     15th August 2020 Four workers died when a building they were demolishing near a coal mine of Russian steel producer Severstal collapsed on Saturday, the company said in a statement. The people worked for a contractor hired for the job, Severstal said, adding that a violation of safety rules probably caused the... 

Eskom force majeure notification withdrawn with immediate effect, says Exxaro

By: Tasneem Bulbulia     14th August 2020 JSE-listed Exxaro Resources has received a notice from State-owned power utility Eskom advising that the force majeure event on the agreements for the supply of coal from Exxaro Coal to the Medupi and Matimba power stations has been withdrawn with immediate effect. As Eskom has been taking coal... 

China approves coal merger to create new mining giant

By: Bloomberg     14th August 2020 China has approved a merger of two coal miners to create a new giant in the world’s top producer and consumer of the fuel. Yankuang Group’s merger with fellow miner Shandong Energy Group, which was announced in July, has been approved by authorities, a Hong Kong-listed unit of Yankuang said... 

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