https://www.miningweekly.com
R/€ = 18.30 Change: 0.09
R/$ = 15.16 Change: 0.07
Au 1840.01 $/oz Change: 6.15
Pt 1096.08 $/oz Change: 17.47
 

Coal News

Mining output down 2.8% y/y in September

By: Creamer Media Reporter      12th November 2020 South Africa's mining production decreased by 2.8% year-on-year in September, with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution. Seasonally adjusted mining production decreased by 0.3%  month-on-month in September. 

CER lauds court halting Thabametsi power station plans

By: Marleny Arnoldi     12th November 2020 The Centre for Environmental Rights says major climate impacts and exorbitant costs have managed to sound the death knell for one of the last new proposed coal-fired power stations in South Africa. The environmental organisation’s statement follows the successful setting aside of plans for the... 

CER lauds court halting Thabametsi power station plans

Marubeni to pull out of South African coal-fired power plant project

By: Reuters     12th November 2020 Japanese resources company Marubeni Corp will pull out of the Thabametsi South African coal plant project, the group told Reuters on Wednesday, following the withdrawal of some South African investors this week. Marubeni's exit from the 630 megawatt (MW) Thabametsi coal-based power plant project... 

Sasol pins low-carbon ‘reset’ hopes on gas, renewables and green hydrogen  

By: Terence Creamer     11th November 2020 Energy and chemicals group Sasol, which is coming under increasing pressure to reduce its carbon emissions, reports that climate change is now “front and centre” in its unfolding ‘strategic reset’, which will involve a transition away from coal to gas, renewable energy and green hydrogen. In... 

Sasol pins low-carbon ‘reset’ hopes on gas, renewables and green hydrogen
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

NGOs call on global investor climate initiative to intervene in Sasol shareholder issue

By: Tasneem Bulbulia     10th November 2020 Nongovernmental organisation Just Share, supported by shareholder activist organisations ShareAction (UK), Majority Action (USA), Follow This (Netherlands) and the Australasian Centre for Corporate Responsibility (ACCR), has written to Climate Action 100+ (CA100+) − the world’s largest investor... 

Botswana's President says mining sector to shrink by nearly a quarter in 2020

By: Reuters     10th November 2020 Botswana's President said its mining industry is expected to shrink by nearly a quarter this year, before bouncing back to growth in 2021 as the diamond market picks up and production begins at a new copper mine. The mining sector, which provides a fifth of the country's GDP and 80% of foreign... 

Peabody faces year-end deadline for deal with lenders and noteholders

By: Mariaan Webb     10th November 2020 Top coal miner Peabody Energy on Monday flagged fresh bankruptcy risks, with the company in talks with lenders to avert a violation on terms of its debt. The St Louis-based coal producer warned that its fourth-quarter results would not be sufficient to meet the minimum required net leverage... 

Peabody faces year-end deadline for deal with lenders and noteholders

Chinese coal imports from Australia nearly halved - IEA

By: Esmarie Iannucci     10th November 2020 New data from researchers IEA Clean Coal Center has shown that China’s coal imports had nearly halved in October, compared with 2019, as relations with Australia soured. The IEA noted that noted that in addition to the tumultuous inter-country relationship, the declining coal imports were also... 

Chinese coal imports from Australia nearly halved - IEA

Weekly Coal Index Report

9th November 2020 Coal markets enjoyed a lively week, with strength picking up in European power, flowing through into stronger FOB markets. European coal buyers are expecting stronger power demand this winter, thanks to colder weather than last year, and lower wind and solar availability. However, the coal... 

Weekly Coal Index Report

Qld govt take stake in Dalrymple

By: Esmarie Iannucci     9th November 2020 The Queensland Treasurer has flagged a possible investment into the Dalrymple Bay Coal Terminal (DBCT) near Mackay, with the state’s investment arm, Queensland Investment Corporation (QIC) committing to take a 9.9% stake in the coal export facility. Queensland Resources Council CEO Ian... 

Cokal taps mining contractor

By: Esmarie Iannucci     9th November 2020 Coal developer Cokal has tapped PT Harmoni Panca Utama (HPU) as its preferred tenderer to provide contract mining services for the development and mining of its Bumi Barito Mineral (BBM) coking coal project, in Indonesia. HPU will be responsible for openpit overburden removal, the provision of... 

Biden win may curb US oil drilling, super-charge renewables

By: Bloomberg     9th November 2020 Biden’s victory could end up reshaping the US energy sector in years to come, although the President-elect may have limited room to maneuver given that control of the Senate remains unclear. The President-elect has pledged to spend trillions of dollars to speed up the transition from fossil... 

Biden win may curb US oil drilling, super-charge renewables
Former Vice President Joe Biden and US Senator and Democratic candidate for Vice President Kamala Harris celebrate.

Just transition away from coal lies in diversified municipal economies, says TIPS

By: Marleny Arnoldi     6th November 2020 During a Trade and Industrial Policy Strategies (TIPS) Development Dialogue webinar hosted recently, experts agreed that the brunt of a transition away from coal would be borne by vulnerable stakeholders and that it had to be mitigated. The webinar explored ground-level impacts associated with a... 

Covid-19 measures hinder production

By: Khutso Maphatsoe     6th November 2020 Health and safety measures at Canyon Coal mines have changed drastically since the emergence of the pandemic, and this has had an impact on production, says Canyon Coal health, safety and environment manager David Masilela. He explains that employees have had to change the way they operate and... 

Eskom says it needs R23bn more from tariffs in 2021 to remain a going concern  

By: Terence Creamer     5th November 2020 State-owned electricity utility Eskom argued on Thursday that it required additional revenue of R23-billion for the upcoming financial year to remain a going concern and told the National Energy Regulator of South Africa (Nersa) that further tariff increases, beyond the 5.22% already approved for... 

Eskom says it needs R23bn more from tariffs in 2021 to remain a going concern

Adani Australia changes its name

By: Esmarie Iannucci     5th November 2020 Indian major Adani has rebranded its Australian mining business as Bravus Mining and Resources, marking its ten-year anniversary of operations in Australia. Bravus Mining and Resources CEO Mr David Boshoff said now that construction of the Carmichael project was well under way, it was the ideal... 

Adani Australia changes its name

Resources Watch  

4th November 2020 Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration; Struggling ferrochrome needs chrome export tax as interim measure; And, Profitable circular economy concepts making future potentially bright for coal miners 

Resources Watch
Resources Watch

Human rights commission condemns killing of activist who opposed coal mine

By: Reuters     4th November 2020 The South African Human Rights Commission (SAHRC) on Tuesday condemned what it described as the "cold-blooded murder" of environmental activist Fikile Ntshangase in October. Ntshangase, a vocal opponent of one of South Africa's largest open coal mines in the coastal province of KwaZulu-Natal, was... 

globalCOAL announces first fixed price physical RB1 deal

By: Tasneem Bulbulia     3rd November 2020 Global Commodities Holdings says that, following its announcement of globalCOAL Richards Bay Coal Futures actively trading on ICE Coal Futures market on October 20, there has been continued interest and active trading of the futures contract. Friday saw the first physical RB1 trade on the... 

India's Vedanta, Hindalco among winners of country's coal mine auctions

By: Reuters     2nd November 2020 India's Vedanta and Hindalco Industries were among the first private companies chosen to operate coal mines in the country without end-use restrictions, the government said on Monday. The world's second largest consumer of coal, India allocated 38 coal mines for auction to the private sector,... 

India's Vedanta, Hindalco among winners of country's coal mine auctions

Sasol unveils first carbon-offset deal as it seeks yet more projects 

By: Terence Creamer     2nd November 2020 Energy and chemicals group Sasol reports that it has secured more than 100 000 carbon credits in a transaction concluded under the South African Carbon Offset Administration System (COAS), set up to facilitate the listing, transfer and retirement of such credits to offset carbon tax liabilities.... 

Sasol unveils first carbon-offset deal as it seeks yet more projects
The 7 MW Bethlehem Hydro IPP

AmaranthCX launches detailed map of South Africa’s coal rights

By: Donna Slater     2nd November 2020 Mining supply sales consultancy AmaranthCX has launched its most comprehensive coal minerals map yet, timed to coincide with this week’s junior mining event, the Junior Indaba, which will take place on November 3 and 4. AmaranthCX director and owner Paul Miller says the information presented in... 

IPP Office extends bid deadline for R40bn risk-mitigation programme 

By: Terence Creamer     2nd November 2020 South Africa’s Independent Power Producer (IPP) Office has confirmed an extension to the bid submission deadline, to December 22, for the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), under which government aims to procure some 2 000 MW of dispatchable generation... 

IPP Office extends bid deadline for R40bn risk-mitigation programme

Weekly Coal Index Report

2nd November 2020 Spot paper coal prices hardly moved on the week, although the physical discount increased across most export grades. The bearish sentiment is hard to shake now, and the forward curves also reflect this, having flattened, and significantly moderated in their price outlook vs. 3 months ago. Several... 

Weekly Coal Index Report

Fresh moves under way to address debt albatross at lossmaking Eskom 

By: Terence Creamer     30th October 2020 Public Enterprises Minister Pravin Gordhan said on Friday that a “second round” of work is being initiated in an effort to find a solution to Eskom’s unsustainable debt burden in line with the recent social compact between government, community, labour and business to “mobilise funding to address... 

Fresh moves under way to address debt albatross at lossmaking Eskom
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

MC Mining's Uitkomst returns to steady-state production  

By: Tasneem Bulbulia     30th October 2020 The progressive easing of lockdown measures allowed coal miner MC Mining’s Uitkomst Colliery to return to steady-state production, while international coal prices trended positively during September and October, acting CEO Brenda Berlin said in a statement of the company’s results for the three... 

MC Mining's Uitkomst returns to steady-state production
Brenda Berlin

Glencore lowers coal production guidance as strike at Cerrejón continues 

By: Tasneem Bulbulia     30th October 2020 Multinational commodity company Glencore delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, in the Democratic Republic of Congo, which remains on track to achieve design capacity by year-end, CEO Ivan Glasenberg said on October 30. “Our... 

Glencore lowers coal production guidance as strike at Cerrejón continues
Ivan Glasenberg

Profitable circular economy concepts making future potentially bright for coal miners  

By: Martin Creamer     29th October 2020 Coal mining companies need to start looking at creating their own profitable circular economies around existing coal assets because it is possible, says African Source Markets CEO Bevan Jones. While still responsibly mining coal, coal-mining companies have an opportunity to look at creating a... 

Profitable circular economy concepts making future potentially bright for coal miners
African Source Markets CEO Bevan Jones interviewed by Mining Weekly’s Martin Creamer.

Sasol to test market for Southern African carbon-offset prospects 

By: Terence Creamer     29th October 2020 Chemicals and energy group Sasol has indicated that it intends issuing a request for information (RFI) for the development and implementation of carbon-offset projects in South Africa and the Southern African Development Community (SADC) and has called on potential participants to register their... 

Sasol to test market for Southern African carbon-offset prospects

Lloyd's insurer Apollo to stop underwriting Adani coal mine from Sept 2021

By: Reuters     28th October 2020 Lloyd's of London firm Apollo has written insurance for Adani Enterprises' Carmichael thermal coal mine which expires in Sept 2021 but is not planning to provide any further insurance for the mine, according to a memo seen by Reuters. Carmichael has provoked controversy in Australia because it... 

Britain's Banks Mining will not challenge coal mine rejection

By: Reuters     28th October 2020 Banks Mining will not appeal against a government decision to reject its plans to develop a new coal mine in northeast England, the British company said on Wednesday. Northumberland County Council agreed in 2016 that developer Banks could extract three-million tonnes of coal over six to seven... 

Parties call for Ntshangase's killers to be brought to book, peace in Somkhele

By: Donna Slater     28th October 2020 In the wake of the murder of Mfolozi Community Environmental Justice Organisation (MCEJO) subcommittee vice-chairperson Fikile Ntshangase on October 22, numerous parties have called for calm and peaceful discussion about the contested issue of expansion of the Somkhele, KwaZulu-Natal-based... 

Resgen says IDC resolves not to grant extension for Boikarabelo coal funding

By: Tasneem Bulbulia     28th October 2020 Owing to delays in satisfying certain conditions precedent to reaching financial close for first drawdown under the mine funding package for the construction of the Boikarabelo coal project, dual-listed Resource Generation (Resgen) has been trying to secure formal sign off of the extension of the... 

Thermal coal demand in Asia to rise - report

By: Esmarie Iannucci     28th October 2020 New research conducted on behalf of the Minerals Council of Australia (MCA) has noted that the demand for thermal coal imports in the Asia Pacific region will grow by more than 270-million tonnes to 2030, to reach 1.1-billion tonnes a year. The report by Commodity Insight, noted that there were... 

Thermal coal demand in Asia to rise - report

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Teck Resources profit misses estimates as prices of steelmaking coal tumble

By: Reuters     27th October 2020 Canada's Teck Resources missed analysts' estimates for quarterly profit on Tuesday, hurt by a steep drop in the prices of steelmaking coal, sending it US-listed shares down 8.2% in pre-market trade. Miners globally have been struggling after the Covid-19 pandemic wreaked havoc on commodity... 

Teck Resources profit misses estimates as prices of steelmaking coal tumble

Peabody appoints Yeates COO

By: Creamer Media Reporter      26th October 2020 Coal producer Peabody has announced that Darren Yeates will become COO on November 1. Yeates has been a member of Peabody's board of directors since February 2020 and will remain on the board as a nonindependent director.  

1 2 3
4
5 6 7 8 9
 

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close