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Coal

An image of a mining plant
Filter press aids in water sustainability
1st March 2024 By: Lumkile Nkomfe

Coal exploration and mining company Canyon Coal reports that its newly commissioned 40 t/h filter press at its Mpumalanga-based Gugulethu mine is assisting in improving its sustainable use of... 


South African researchers trawl through death records to assess coal impact
29th February 2024 By: Bloomberg

South African scientists plan to examine about 8.5-million death certificates to ascertain how many people the country’s dependence on coal for electricity is killing. The review is the first of... 


Coal stockpiles at the Richards Bay Coal Terminal in South Africa
Indonesia, South Africa aim to regain lost share in Indian coal market
29th February 2024 By: Reuters

Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second... 


TFR train
Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan
29th February 2024 By: Terence Creamer

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility... 


South32 CEO Graham Kerr
South32 exits coal with Australia’s Illawarra sale
29th February 2024 By: Mariaan Webb

Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that... 


Vanggatfontein Colliery
Another Salungano subsidiary enters business rescue
27th February 2024 By: Marleny Arnoldi

JSE-listed Salungano Group has advised that its indirect subsidiary Keaton Mining has filed for business rescue. Keaton Energy Holdings, which is a wholly-owned subsidiary of Salungano and the... 


Lineworkers work on a high-voltage powerline
Settling on funding solutions for expedited grid infrastructure set as a Just Energy Transition Investment Plan priority
27th February 2024 By: Terence Creamer

Finalising funding solutions for the expedited expansion of South Africa’s electricity transmission grid has been identified as a key priority for the Just Energy Transition (JET) project... 


China’s top coal miner cuts production target for 2024
27th February 2024 By: Bloomberg

China Shenhua Energy Co., the nation’s top coal producer, has set a lower output target for 2024, as Chinese miners ratchet back operations amid a glut of the fuel. The firm plans to cut annual... 


Sasol CEO Fleetwood Grobler
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip
26th February 2024 By: Terence Creamer

Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the... 


screens showing commodity stock exchanges
Disappointing results from world’s top miners highlight market challenges, Tickmill says
26th February 2024 By: Darren Parker

The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results... 


Fortescue CEO Andrew Forrest
Billionaire Forrest backs carbon levy on Australia fossil fuels
26th February 2024 By: Bloomberg

Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s... 


A Sasol sign at its Secunda plant
Sasol reports 34% decline in half-year profit
26th February 2024 By: Reuters

Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals... 


The loan seeks to refinance a bridge loan to back the acquisition of the Daunia and Blackwater (pictured) coal mines in Queensland from BHP.
Private credit dominates Whitehaven Coal's $1.1bn loan
26th February 2024 By: Bloomberg

Australian coal firm Whitehaven Coal drew 17 private credit providers and one bank for a $1.1-billion loan to buy two mines, the latest example of direct lenders benefiting from banks’ tighter... 


Fish being released into the Loskop Dam Nature Reserve
Thungela launches fish breeding facility in Mpumalanga
23rd February 2024 By: Tasneem Bulbulia

Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore... 


Coal load and haul operations
Thungela warns of lower earnings on back of Ensham deal
23rd February 2024 By: Marleny Arnoldi

JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,... 


Vale fourth-quarter profit falls 35% on higher provisions over dam accident
Vale fourth-quarter profit falls 35% on higher provisions over dam accident
23rd February 2024 By: Reuters

Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and... 


Teck expects to close coal unit sale to Glencore by Q3, CEO says
Teck expects to close coal unit sale to Glencore by Q3, CEO says
23rd February 2024 By: Reuters

Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on... 


Two hands holding raw coal
Coal mining to move to more sustainable practices
23rd February 2024 By: Halima Frost

The ongoing shift from traditional coal mining to sustainably mined coal in 2024 and beyond will “witness remarkable advancements” in new coal mining methods, driven by innovative technologies and... 


Minerals Council CEO Mzila Mthenjane
Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


Coal output needs to rise as demand jumps, Indian official says
Coal output needs to rise as demand jumps, Indian official says
22nd February 2024 By: Bloomberg

India’s state-run miner Coal India will continue to increase production to meet growing demand and help boost inventories, according to a key government official overseeing the fuel. The producer... 


China's top coal producing region tells miners to curb overproduction
21st February 2024 By: Reuters

China's top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal... 


Glencore's head office
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
21st February 2024 By: Marleny Arnoldi

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 


A rail line in South Africa
Mozambique port critical to chrome exports gets upgraded railway link
21st February 2024 By: Bloomberg

The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is... 


JSW Steel in talks with Australia's Whitehaven for coal mine stake
JSW Steel in talks with Australia's Whitehaven for coal mine stake
20th February 2024 By: Reuters

India's JSW Steel is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India's... 


India gets 40 bids for commercial coal mines
India gets 40 bids for commercial coal mines
20th February 2024 By: Reuters

ndia has received a total of 40 bids for some of the 32 commercial coal mines that were made available for auctioning in December, the government said in a statement on Monday, adding the bids... 


President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.
Colombia Bill seeks permanent legal ban on new coal contracts
20th February 2024 By: Bloomberg

Colombia, South America’s top coal producer, is proposing a mining bill which would ban new exploration and production contracts for the fuel. The proposed law would also allow the expropriation... 


BHP CEO Mike Henry
Worst of inflationary wave over, says BHP CEO
20th February 2024 By: Mariaan Webb

Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on... 


Coal India to bid for 3 mines in critical minerals auctions in Feb
19th February 2024 By: Bloomberg

State-run Coal India will bid for three blocks in critical minerals auctions conducted by the country's mines ministry in February, chairman and MD P M Prasad told analysts in a post-earnings... 


Locomotives owned by Transnet Freight Rail
EIB in talks with South Africa over loan for ports, freight rail
15th February 2024 By: Bloomberg

The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the... 


An image showing stockpiles at the Rukwa coal mine
Shuka settles legacy dispute with Upendo Group over Tanzania licence
15th February 2024 By: Tasneem Bulbulia

Aim-listed Shuka Minerals, previously known as Edenville Energy, has signed a definitive settlement agreement with Upendo Group, which holds a historic residual 10% interest in the Rukwa coal... 


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pqt: 1.016s - ct: 1.099s - 328pq - 2rq
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