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Coal News

Most Anglo mines around the world continuing to operate

By: Martin Creamer     23rd April 2020 Most of Anglo American’s mining sites around the world are continuing to operate, with appropriate health, hygiene and distancing measures. The diversified mining company said on Thursday that it was taking all necessary steps to ensure the security and integrity of its assets for the long term... 

South African Q1 diamond production up 97% – Anglo 

By: Martin Creamer     23rd April 2020 Diversified mining company Anglo American reported on Thursday that its first-quarter diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo was mined prior to transitioning to underground mining, Venetia’s underground... 

South African Q1 diamond production up 97% – Anglo
Photo by Creamer Media's Donna Slater
Opencast Venetria diamond mine.

Firm directive to ensure safe mining resumption

By: Martin Creamer     23rd April 2020 The Department of Mineral Resources and Energy (DMRE) on Thursday issued a firm directive to all mining operations to ensure safe start-up procedures as the sector prepares to ramp up to 50% of capacity. Mining Weekly can report that the directive is issued to ensure compliance with Section 5(1)... 

Firm directive to ensure safe mining resumption
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe.

Opinion: Covid-19 presents opportunity to rethink impact of mines on communities

22nd April 2020 The temporary closure and imminent reopening of mines across the country in the coming weeks provides an opportunity for mine bosses to assess and rethink their impact on communities, say Louise Scholtz and Khodani Mulaudzi of the World Wide Fund for Nature South Africa (WWF-SA). In a small town... 

Opinion: Covid-19 presents opportunity to rethink impact of mines on communities
WWF-SA's Khodani Mulaudzi and Louise Scholtz

Post-Covid delivery of crane for colliery’s dragline excavator 

By: Martin Creamer     22nd April 2020 A contract won by Witbank company GTB Industrial Services will see Condra manufacturing a technically complex crane to service an Mpumalanga colliery’s dragline excavator. Condra will deliver the dragline maintenance crane during the month following the easing of Covid-19 quarantine restrictions. 

Post-Covid delivery of crane for colliery’s dragline excavator
Dragline excavator.

Atrum raises A$22m for Elan work

By: Esmarie Iannucci     22nd April 2020 ASX-listed Atrum Coal has raised A$22-million through a share placement to progress its Elan hard coking coal project, in Alberta Canada, through prefeasibility study (PFS) and the formal permitting application. Atrum issued 95.7-million shares, priced at 23c each, over two tranches to... 

Atrum raises A$22m for Elan work

Now Wescoal receives Eskom force majeure 

By: Martin Creamer     21st April 2020 Coal mining and marketing company Wescoal on Tuesday became the second JSE-listed coal-mining company to report that it had received a force majeure notification from State coal utility Eskom to halt supply. The first company was coal mining company Exxaro, which said it would be vigorously... 

Now Wescoal receives Eskom force majeure
Activity at a Wescoal colliery in Mpumalanga.

Bearish stance on coal prices remains – S&P

By: Marleny Arnoldi     21st April 2020 Research agency Standard & Poor’s Global Platts (S&P) says there is a lack of upside signals for global coal demand, and the agency remains cautious around any significant rebound. This follows a bull market for coal that ran from 2016 to 2018, when global coal prices appeared to bottom out by... 

Teck's first-quarter adjusted profit plunges 84%

By: Mariaan Webb     21st April 2020 Canada’s largest diversified miner, Teck Resources, on Tuesday posted an 84% drop in first-quarter profit, as the coronavirus pandemic hit prices hard for the commodities that the miner produces. The TSX- and NYSE-listed company reported adjusted profit of C$94-million, or C$0.17 a share, for... 

Teck's first-quarter adjusted profit plunges 84%
Teck Resources CEO Don Lindsay

Citi to stop working with thermal coal miners, to reject funding for Arctic oil, gas exploration

By: Bloomberg     21st April 2020 Citigroup will stop providing financial services to thermal coal-mining companies over the next 10 years to help accelerate the economy’s shift away from fossil fuels. By 2025, the bank won’t provide underwriting and advisory services to the industry and will cut its credit exposure in half,... 

Citi to stop working with thermal coal miners, to reject funding for Arctic oil, gas exploration

Exxaro to contest Eskom’s force majeure notice

By: Martin Creamer     20th April 2020 State electricity utility Eskom has informed coal producer Exxaro that it will not be taking the full contractually agreed tons of coal from the JSE-listed company from April 16 until one month after national lockdown has been completely lifted – a stance that Exxaro said it will vigorously... 

Exxaro to contest Eskom’s force majeure notice
Photo by Creamer Media
CEO Mxolisi Mgojo

Hillside Aluminium achieves record saleable production ­– South32 

By: Martin Creamer     20th April 2020 Despite the impact on production of loadshedding, the Hillside Aluminium in KwaZulu-Natal achieved record saleable production output of 540 000 t in the nine months ended March 30, as the smelter continued to test its maximum technical capacity. Hillside Aluminium is considered an essential... 

Hillside Aluminium achieves record saleable production ­– South32
Photo by Creamer Media
South32 CEO Graham Kerr.

Anglo, De Beers announce additional $3m donations for Covid relief 

By: Martin Creamer     20th April 2020 Anglo American and De Beers on Monday announced additional donations of $2-million to South Africa’s Solidarity Fund, which addresses the impacts of Covid-19, and $1-million to the Oppenheimer family’s South African Future Trust, established to support small- and medium-sized businesses through... 

Anglo, De Beers announce additional $3m donations for Covid relief
Photo by Reuters
Anglo American CE Mark Cutifani

Weekly Coal Index Report

20th April 2020 Crude and natgas prices stabilised over the week, with EU emissions prices also recovering from their lows end March. However, it remains a torrid time for SA coal exporters as demand for spot physical cargoes evaporates. The RB1 physical discount to paper widened dramatically as RBCT stocks... 

Weekly Coal Index Report

Impala CE granted bail after appearance on Covid-19 charge 

By: Martin Creamer     17th April 2020 The arrest of the chief executive of Implats' Implala Platinum Rustenburg mining operations was on Friday welcomed by the Mineral Resources and Energy Parliamentary chairperson Sahlulele Luzipo, who on Thursday called on law enforcement agencies to act decisively against mining executives who... 

Impala CE granted bail after appearance on Covid-19 charge
Photo by Creamer Media
Impala Platinum Rustenburg CE Mark Munroe

Minerals Council welcomes revised Covid-19 regulations

By: Martin Creamer     16th April 2020 The Minerals Council South Africa on Thursday welcomed the amendments to the Disaster Management Act regulations as they pertain to mining. These regulations allow a phase-up in mining capacity to 50% during the lockdown period, but with all the preventative and mitigating controls in place to... 

Minerals Council welcomes revised Covid-19 regulations
Minerals Council CEO Roger Baxter

Absa imposes strict new coal project financing criteria

By: Marleny Arnoldi     16th April 2020 Absa has published an updated sustainability policy and standard for financing coal, affirming the bank’s commitment to responsible financing and doing its bit towards mitigating climate change. The updated policy applies the Principles for Responsible Banking, which is the framework that... 

Mining may resume at 50% capacity – Minister 

By: Martin Creamer     16th April 2020 All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Thereafter,... 

Mining may resume at 50% capacity – Minister
Photo by Veronica Creamer
Mineral Resources Minister Gwede Matashe during virtual media conference.

Standard Bank says it is not legally obliged to have voting on proposed climate resolutions

By: Marleny Arnoldi     16th April 2020 Standard Bank has decided to not table proposed climate change risk resolutions for voting by shareholders at its annual general meeting (AGM) in May, following pressure from nonprofit shareholder activism organisations Just Share and Raith Foundation to do so. Just Share executive director... 

Atrum's Canada project scoping proves a winner

By: Esmarie Iannucci     16th April 2020 A scoping study into the Elan hard coking coal project, in Alberta Canada, has demonstrated the project’s economics for ASX-listed Atrum Coal. The scoping study considered to development options for the Elan project, namely a 10-million tonne a year run-of-mine (ROM) production and a... 

Whitehaven taking no expansion decisions in 2020

By: Esmarie Iannucci     16th April 2020 Coal miner Whitehaven Coal on Thursday said that it would not be making a final investment decision on any of its growth projects, including the A$700-million Vickery extension project, during 2020. The miner told shareholders that studies continued to be carried out at its three main... 

Whitehaven taking no expansion decisions in 2020

Group asks Mantashe to reconsider which mines really are essential

By: Donna Slater     15th April 2020 A group of civil society organisations has, in a letter, called on Mineral Resources and Energy Minister Gwede Mantashe to impose stricter policy on mining operations that are allowed to return to work during the national lockdown. It argues that a number of exceptions have been granted for... 

Consol reopens one Pennsylvania mine as it shuts another

By: Mariaan Webb     14th April 2020 US coal miner Consol Energy has resumed normal operations at its Bailey mine, where production was curtailed on March 30, after two employees tested positive for Covid-19. The miner confirmed on Tuesday that the workforce at the Bailey mine, part of the Pennsylvania Complex, returned to a normal... 

Consol reopens one Pennsylvania mine as it shuts another
Consol has reopened the Bailey mine, which was temporarily closed after two workers tested positive for Covid-19.

Buffalo Coal's full-year earnings fall

By: Simone Liedtke     14th April 2020 Coal miner and supplier Buffalo Coal recorded a 294% decrease in its basic and diluted earnings for the year ended December 31, 2019, to 10c a share. The company owns 100% of the shares in Buffalo Coal (BC) Dundee, which has an interest in two operating coal mines in South Africa. 

Glencore continues to engage to minimise Covid-19 impact

By: Martin Creamer     14th April 2020 Diversified mining and marketing Glencore is continuing to engage with authorities, labour unions and other stakeholders on steps to minimise the impact of Covid-19 on its operations. The London- and Johannesburg-listed company stated on Tuesday that its goal was to operate only when it could... 

Glencore continues to engage to minimise Covid-19 impact
Photo by Bloomberg
Ivan Glasenberg

Weekly Coal Index Report

14th April 2020 Coal prices fell across the curve even as oil and gas prices stabilised somewhat. Physical RB1 is trading at a slight discount to paper, whilst the RB3 differential has blown out to around $16 as reduced demand from India for SA coal weighs on exports. The firm RBCT vessel queue is looking quite... 

Weekly Coal Index Report

China’s ‘green zone’ coal price tested as virus fight continues

By: Bloomberg     13th April 2020 China’s coal prices have sunk to levels that threaten State intervention, but this time policy makers may refrain from doing so as they continue efforts to buttress the economy hurt by the coronavirus pandemic. The government will try to keep power prices low as it pushes to restart the economy,... 

Buffalo Coal granted permission to resume at 30% of capacity

By: Creamer Media Reporter      10th April 2020 South Africa’s Department of Mineral Resources and Energy has granted KwaZulu-Natal miner Buffalo Coal permission to resume mining activities at 30% operating capacity. The company, which is listed on the TSX-V, said on Thursday it would resume mining activities on a limited scale on April 14,... 

IoT assists with challenges in mining operations

By: Mc'Kyla Nortje     10th April 2020 Every mining environment poses different challenges, but mining houses tend to prioritise the enhancement of mine health and safety procedures, and technology service provider In2IT Technologies CTO Vishal Barapatre notes that the Internet of Things (IoT) is “a top choice” in this regard. He... 

IoT assists with challenges  in mining operations
VISHAL BARAPATRE Mining safety is also about better business and creating a smarter mining sector that will continue to support South African growth

Too early to comment on when mining will resume – Minerals Council

By: Martin Creamer     9th April 2020 Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday. Noting reports on the resumption of mining operations after 16 April, Minerals Council... 

Glencore launches $25m support fund in response to Covid-19 

By: Martin Creamer     9th April 2020 Diversified mining and marketing company Glencore on Thursday announced the launch of a $25-million fund in response to the coronavirus pandemic. The fund will support the London- and Johannesburg-listed company’s teams that are working closely with governments, health agencies and others key... 

Glencore launches $25m support fund in response to Covid-19
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Wescoal delays results publication to August

By: Marleny Arnoldi     9th April 2020 JSE-listed coal miner Wescoal will make use of the two-month extension period afforded to listed companies for reporting on their results for the year-ends to December 31, 2019; and January 31, February 29 and March 31, this year. Wescoal motivates that while every effort is being made to... 

Stanmore's coal sales soar in March quarter

By: Esmarie Iannucci     9th April 2020 Takeover target Stanmore Coal has reported another solid quarter during the three months to March, with run-of-mine (ROM) coal production reaching 813 000 t. The March quarterly ROM production was down 6% on the 864 000 t produced in the previous quarter, but up by 7% on the previous... 

Advisory firm plays change-agent role amid Covid-19 outbreak

By: Tracy Hancock     8th April 2020 Playing a change agent role, black-women led and controlled technical and management advisory firm LEI Advisory, (a division of Letaba Elihle Investments), can assist companies which have been adversely impacted by the negative economic impact of the Covid-19 outbreak. Business turnaround... 

Kibo advancing assets despite Covid-19 related delays

By: Simone Liedtke     8th April 2020 Multi-asset energy company Kibo Energy is continuing to advance its portfolio of assets during the “unprecedented time” of the global fight against Covid-19, which is creating a changing landscape and having lasting implications that are still unknown at this stage. It is within this context that... 

Eskom’s Bernard Magoro appointed as new head of IPP Office 

By: Terence Creamer     8th April 2020 The Development Bank of Southern Africa (DBSA) announced on Wednesday, April 8, that former Eskom executive Tshifhiwa Bernard Magoro had been appointed as the new head of the Independent Power Producers Office (IPPO). The appointment would be effective from May 1. 

Eskom’s Bernard Magoro appointed as new head of IPP Office
Photo by Creamer Media's Donna Slater
Tshifhiwa Bernard Magoro

Eskom extends bidding deadline for short-term power purchase scheme 

By: Terence Creamer     8th April 2020 Electricity utility Eskom has extended the deadline, to May 11, for responses to a request for proposals (RFP) to participate in its Short-Term Power Purchase Programme (STPPP), owing to the imposition of a 21-day lockdown in South Africa in response to the Covid-19 pandemic. The initial bid... 

Eskom extends bidding deadline for short-term power purchase scheme
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