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Coal News

Weekly Coal Index Report

3rd May 2021 The TFR derailment on the Richards Bay line may be worse than first thought, with no coal being delivered since Wednesday. Spot prices were bid up to $100 FOB RBCT in some cases. It comes at a tough time for TFR and RBCT, which are struggling to get volumes back up over 1.5-mn tonnes per week. 

Prairie’s arbitration claims against Poland ongoing

By: Tasneem Bulbulia     30th April 2021 Aim-listed Prairie Mining’s International arbitration claims against the government of Poland under both the Energy Charter Treaty (ECT) and the Australia-Poland Bilateral Investment Treaty (BIT) continues, the company said in a quarterly report for the period ended March 31. During the period,... 

Public consultation starts on Qld energy reforms

By: Esmarie Iannucci     30th April 2021 The Queensland government has welcomed public consultation on proposed reforms to the National Electricity Market, which will help shape the future of Queensland’s energy supply. Minister for Energy, Renewables and Hydrogen Mick de Brenni said the Energy Security Board’s (ESB) suite of potential... 

Public consultation starts on Qld energy reforms

Menar extends opencast coal operations

By: Darren Parker     30th April 2021 Mineral resources investment group Menar’s subsidiary Canyon Coal is ploughing ahead with plans to begin the development of two new coal mines – De Wittekrans near Hendrina, in Mpumalanga, and Bekezela Colliery in Springs, Gauteng – this year. Menar MD Vuslat Bayoglu said in a statement issued in... 

Menar extends opencast  coal operations
Photo by Creamer Media
WIDENING PROSPECTS Several opencast mine exptensions are currently being planned and developed by Menar’s coal mining subsidiaries

Demand high for automated fuel system

By: Darren Parker     30th April 2021 Since the launch of a fuel automation system at the Investing in African Mining Indaba in February last year, mining technology company Minetec Smart Mining has seen significant demand for the technology. The fuel automation system allows for the management of fuel allocation and expenditure to... 

Demand high for automated fuel system
OGUZ KICIROGLU Diesel is the lifeblood of opencast mining operations

Risks to great barrier reef could thwart tycoon’s coal plans

By: Bloomberg     29th April 2021 Environmental risks posed to habitats including Australia’s iconic Great Barrier Reef mean a mining tycoon’s planned new coal project shouldn’t go ahead, according to regulators. The proximity of Central Queensland Coal’s proposed operation to the reef, off the country’s northeastern coast, other... 

Risks to great barrier reef could thwart tycoon’s coal plans

Glencore maintains full-year guidance as first-quarter production meets expectations 

By: Simone Liedtke     29th April 2021 Diversified miner Glencore’s overall production for the first quarter was broadly in line with the company’s expectations, with production reflecting that many of its operations continue to maintain thorough Covid-19 safe working practices. Full-year production guidance, however, has been... 

Glencore maintains full-year guidance as first-quarter production meets expectations
Photo by Bloomberg
CEO Ivan Glasenberg

Qld's QRIDP set to boost resource investment

By: Esmarie Iannucci     29th April 2021 The Queensland state government on Thursday launched the Queensland Resources Industry Development Plan (QRIDP), aimed at creating more growth, jobs and investment in the state’s resource sector. Resources Minister Scott Stewart said the QRIDP was about working with industry, the regions and... 

Teck posts triple-digit first-quarter profit growth

By: Marleny Arnoldi     28th April 2021 Canadian diversified miner Teck Resources says a solid first quarter operational performance and higher commodity prices contributed to a good start to this year for the company. CEO Don Lindsay reports that the company achieved major milestones on its priority projects, including surpassing... 

Teck posts triple-digit first-quarter profit growth
Teck Resources' Elkview mine, in Canada

Tlou to start Lesedi Phase 1, receives EIS approval for Boomslang

By: Schalk Burger     26th April 2021 Southern African energy development company Tlou Energy said that, following a recent capital raising, it has the necessary funds in place to start construction on the transmission line for its Lesedi project. It added that the Botswana Department of Environmental Affairs had approved the... 

Tackling climate change could not be more urgent – Anglo American 

By: Martin Creamer     26th April 2021 Tackling climate change could not be more urgent, Anglo American said on Monday when it presented its biannual sustainability performance update. “For the emissions that we control in our business, we have come a long way, delivering our 2020 target to reduce greenhouse gas emissions by 22% a... 

Tackling climate change could not be more urgent – Anglo American
Photo by Creamer Media
From left, clockwise Mark Cutifani, Anik Michaud and Stephen Pearce

Australian State commission approves extension of Glencore's Mangoola coal mine

By: Reuters     26th April 2021 An Australian State planning commission on Monday approved an extension to Glencore's Mangoola coal mine in the Upper Hunter Valley of New South Wales. The commission's decision comes ahead of a byelection on May 22 for the Upper Hunter seat in the New South Wales state parliament, in which the... 

Australian State commission approves extension of Glencore's Mangoola coal mine

Weekly Coal Index Report

26th April 2021 The market softened last week as expectations of lower Indian demand going forward weighed on price. The nation is battling with an exploding second wave of Covid-19. With the shifting market supply:demand dynamics, this is now hurting Australian producers more, versus SA producers who now have... 

Weekly Coal Index Report

Proposed regulation lifting ‘embedded generation’ licence-exemption cap to 10 MW released for comment 

By: Terence Creamer     23rd April 2021 Mineral Resources and Energy Minister Gwede Mantashe has released, for public comment, an amendment to the Electricity Regulation Act, proposing an increase in the licensing-exemption threshold for embedded power generation plants from 1 MW to 10 MW. The Gazette notice, which was published on... 

Proposed regulation lifting ‘embedded generation’ licence-exemption cap to 10 MW released for comment
Mineral Resources and Energy Minister Gwede Mantashe

Poland reaches union deal on gradual coal mine shutdown plan

By: Reuters     23rd April 2021 Poland's government reached a compromise with trade unions on Thursday over a plan to gradually close coal mines by 2049, potentially bringing an end to a dispute over the scheme. Poland is one of Europe's biggest producers of coal, which is a major source of greenhouse gas emissions, and relies... 

Poland reaches union deal on gradual coal mine shutdown plan

Anglo American re-enters Grosvenor

By: Esmarie Iannucci     23rd April 2021 Diversified miner Anglo American this week announced the start of the re-entry process to the underground workings os the Grosvenor coal mine, in Queensland, following approval from Resources Safety & Health Queensland (RSHQ). CEO of Anglo American’s metallurgical coal business, Tyler... 

Anglo American re-enters Grosvenor

Glencore chair defends pay plan for commodity trader’s new CEO

By: Bloomberg     22nd April 2021 Glencore's chairperson defended an incentive plan for the commodity giant’s new chief executive officer, after prominent advisory firms urged investors to vote against it. Gary Nagle, the handpicked successor of outgoing CEO Ivan Glasenberg, will take over the helm of the world’s biggest... 

Glencore chair defends pay plan for commodity trader’s new CEO
Gary Nagle

Nedbank makes pioneering ‘zero fossil-fuel exposure by 2045’ pledge 

By: Terence Creamer     22nd April 2021 South Africa’s Nedbank Group released an ambitious new energy policy on April 22, containing a commitment to reduce its exposure to all fossil fuels to zero by 2045, as well as a pledge to halt all new thermal coal-mine financing by January 1, 2025. Simultaneously, Nedbank said it would scale up... 

Nedbank makes pioneering ‘zero fossil-fuel exposure by 2045’ pledge

MC Mining records lower production, sales in March quarter

By: Tasneem Bulbulia     22nd April 2021 Coal miner MC Mining’s run-of-mine (RoM) coal production at the high-grade Uitkomst metallurgical and thermal coal mine for the quarter ended March 31 was 115 44 t, 9% lower than in the quarter ended March 31, 2020. This was primarily owing to a three-day union-led blockade at the Uitkomst... 

Exxaro climate change specialist appointed vice-chair of industry task team

By: Simone Liedtke     22nd April 2021 Diversified miner Exxaro Resources has elected the group’s climate change specialist Dr Lerato Khumalo as vice-chairperson for the Industry Task Team on Climate Change (ITTCC). The voluntary, nonprofit association comprises several local energy-intensive companies across different business... 

Exxaro climate change specialist appointed vice-chair of industry task team
Exxaro climate change specialist Dr Lerato Khumalo

Anglo American lifts first-quarter output on strong copper, PGMs performance 

By: Donna Slater     22nd April 2021 Diversified miner Anglo American managed to meet strong customer demand during the quarter ended March 31, despite some limited constraints at certain operations as a result of Covid-19, CE Mark Cutifani says. He notes that production for the quarter was achieved at 95% of normal operating capacity. 

Anglo American lifts first-quarter output on strong copper, PGMs performance
Anglo American CEO Mark Cutifani

Opinion: South Africa's wind energy sector has role to play in reaching a net zero carbon economy

21st April 2021 In this article, South African Wind Energy Association (SAWEA) CEO Ntombifuthi Ntuli writes about the South African wind energy sector's role on the road to a net zero carbon economy by 2050. Following the release of the Global Wind Energy Council’s 'Global Wind Report 2021', the buzz in the... 

Opinion: South Africa's wind energy sector has role to play in reaching a net zero carbon economy
The Klipheuwel Wind Farm in the Western Cape

Record output for BHP's iron-ore ops

By: Esmarie Iannucci     21st April 2021 Mining major BHP has reported record production from its Western Australian iron-ore operations during the nine months to March, despite a 4% fall in production during the March quarter on the back of wet weather and planned maintenance. Iron-ore production in the year-to-date was up 4% on the... 

Record output for BHP's iron-ore ops

Carbon emissions set to surge in 2021 as coal rebound eclipses record renewables growth 

By: Terence Creamer     20th April 2021 Global energy-related carbon dioxide (CO2) emissions could surge by 1.5-billion tonnes in 2021 to 33-billion tonnes, reversing most of last year’s decline caused by the Covid-19 pandemic, as rebounding coal demand in the electricity sector more than offsets record renewables deployments. This... 

Carbon emissions set to surge in 2021 as coal rebound eclipses record renewables growth

Wescoal looking to possibly becoming broader energy company  

By: Martin Creamer     19th April 2021 The JSE-listed coal-mining company Wescoal is looking to possibly becoming a broader energy company in which coal remains a substantial but reducing component alongside other energy pursuits such as renewables, Wescoal interim CEO Robinson Ramaite said on Monday. Outlining the company’s major... 

Wescoal looking to possibly becoming broader energy company
Wescoal interim CEO Robinson Ramaite interviewed by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd. Pictures: Donna Slater.

Kibo makes progress in shift to renewables

By: Schalk Burger     19th April 2021 Africa- and UK-focused energy company Kibo Energy on April 19 said it had started an extensive due diligence process for the potential acquisition of all or part of a prospective portfolio of renewable energy projects in the UK. The portfolio comprises several standalone renewable energy... 

Laneway completes Stage 1 sale of Ashford project

By: Esmarie Iannucci     19th April 2021 ASX-listed Laneway Resources has completed the Stage 1 sale of its Ashford coking coal project, in New South Wales, to fellow listed Aus Tin Mining. In exchange for a 40% interest in the project, Laneway has been issued a 20% shareholding in Aus Tin, which amounts to some 2.5-billion ordinary... 

Gas is the new coal with risk of $100bn in stranded assets

By: Bloomberg     19th April 2021 Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc. and JPMorgan Chase & Co. are among the... 

Resgen cut off from further Noble funding, senior executives resign

By: Marleny Arnoldi     16th April 2021 ASX-and JSE-listed Resource Generation (Resgen) has announced that Noble Resources International will no longer be providing loan funding to the company’s partially-owned subsidiary Ledjadja Coal. The company had reached an in-principle agreement with Noble in mid-March to provide additional... 

China's Q1 coal output rises 16% on strong demand for winter heating

By: Reuters     16th April 2021 China's coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust industrial activity. China churned out 970.56-million tonnes of coal between January and March, up from 829.91-million tonnes in the same period in 2020,... 

White House considers methane-busting vow before climate summit

By: Bloomberg     16th April 2021 The Biden administration is considering singling out methane for significant reductions as part of a pledge to cut greenhouse gases in advance of a climate summit next week, according to two people familiar with the matter. President Joe Biden is already expected to unveil an ambitious goal for... 

Dalian coking coal futures surge as safety inspections stoke supply concerns

By: Reuters     16th April 2021 Chinese coking coal futures surged almost 6% on Friday, climbing to a three-month peak, after some major coal-producing regions ramped up their safety inspections, stoking supply concerns. Authorities in provinces and region including Shanxi, Henan and Inner Mongolia have recently stepped up... 

Gold, exploration and coal contracts make headlines  

16th April 2021 Mining Weekly Editor Martin Creamer unpacks Barberton’s potential to get South African gold mining going again, South Africa’s exploration industry's deadline to comment on controversial draft regulations and Treasury being asked to cancel coal contracts and replace them with new ones at double... 

Gold, exploration and coal contracts make headlines
Gold, exploration and coal contracts make headlines (Camera: Nicholas Boyd)

Emerging coal changes poised to present new electricity price risk 

By: Martin Creamer     15th April 2021 South Africa’s emerging coal mining changes are poised to present new electricity price risk as the Treasury and Eskom are called upon to consider the softening of uneconomic contractual coal-supply obligations. An example of this is Treasury being asked to authorise Eskom paying more to Seriti... 

Emerging coal changes poised to present new electricity price risk
South32 COO Mike Fraser

Anglo Pacific open to selling thermal coal royalties to boost ESG credentials

By: Reuters     15th April 2021 Mining streaming company Anglo Pacific could be open to selling its thermal coal royalties to accelerate its transition away from the most polluting fossil fuel, chief executive Julian Treger said on Wednesday. The London-listed company aims to decrease its reliance on coal and steel and attract... 

Stanmore JV buys Peabody assets in Qld

By: Esmarie Iannucci     15th April 2021 Coal miner Stanmore Coal has announced plans to joint venture (JV) with M Resources to acquire the Millennium and Mavis Downs coal mines, in Queensland, from the Australian arm of energy major Peabody Energy. The JV would acquire the Millennium and Mavis Down mines from Peabody for an upfront... 

Stanmore JV buys Peabody assets in Qld

Glencore to benefit from turnaround strategy, commodity upswing – investment banks

By: Donna Slater     14th April 2021 On the back of above-peer earnings growth, sector-leading free cash flow and elevated 2021/22 earnings before interest, taxes, depreciation and amortisation (Ebitda), multinational investment banking firm Goldman Sachs has upgraded diversified miner Glencore’s stocks to "buy", from the previously... 

Glencore to benefit from turnaround strategy, commodity upswing – investment banks
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