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Coal News

Goedgevonden

By: elizabeth rebelo     12th September 2003 Planning for a new R400-million Mpumalanga coal-mine is at an advanced stage, Mining Weekly can today exclusively report. 

New group pacesetter

By: elizabeth rebelo     12th September 2003 South Witbank Colliery has become the toast of the Xstrata Coal South Africa (XCSA) group’s array of eleven coal-mines. 

Consortium to be set up to pursue Waterberg coal

By: Deborah Spicer     12th September 2003 Coal producer Kumba Coal will be forming a consortium to drive the development of the Waterberg coal deposits and associated industries, Kumba Coal GM Ernst Venter reported at an international investors conference in Limpopo Province last month. 

Heating with mine gas

By: Karel Smrcka     12th September 2003 Billions of cubic metres of methane discharge into the atmosphere from disused mine workings and are lost into the atmosphere. This mine gas could, however, be converted into power and heat by cogeneration stations, producing clean energy from a harmful contributor to the greenhouse effect. 

Sasol Mining eyes Eskom demothballing opportunity

By: Terence Creamer     9th September 2003 Fuels and chemicals giant Sasol is optimistic of receiving coal-supply contracts from power utility Eskom once it begins demothballing idle capacity over the next few years. 

EIA for Eskom coal supply routes advances

By: Martin Czernowalow     3rd September 2003 The scoping phase of the environmental-impact assessment (EIA) for proposed long-term coal supply to the Tutuka and Majuba power stations, in the Mpumalanga Province, is reaching completion. 

China coal mine awards mine-hoist contract

1st September 2003 Leading power and automation technology group ABB, said at the weekend that it had won a contract to supply two complete mine hoists to Tunliu coal mine, belonging to Luan Mining Group in China. 

‘Constructive discussions continue around RBCT’

1st September 2003 South African transport utility Transnet and the Richards Bay Coal Terminal (RBCT) said, in a joint statement, that they were continuing “constructive discussions” on a series of expansion and empowerment initiatives at RBCT. 

Logistics last hurdle for market-coke project

By: Terence Creamer     29th August 2003 South African steel producer Iscor is hoping to make a final decision on a R1-billion market-coke project by the end of the year, but it first needs to conclude a deal on rail tariffs. 

Coal-terminal progress paves the way for a R200m project

By: Martin Zhuwakinyu     29th August 2003 The go-ahead for the Richards Bay Coal Terminal (RBCT) expansion from 72-million tons a year to 82-million tons a year – upon which Kumba Resources’ planned Kalbasfontein coal-mining joint venture with empowerment company Eyesizwe hinges – is reportedly about to be granted. 

RBCT cautious about Transnet’s announcement

By: Martin Czernowalow     28th August 2003 Negotiations regarding the expansion of the Richards Bay Coal Terminal (RBCT) appear to be proceeding well and stakeholders are optimistic that the project could move ahead shortly. 

Transnet-RBCT clear way for terminal expansion

By: Terence Creamer     27th August 2003 Transnet CE Mafika Mkwanazi yesterday confirmed that all hurdles had been cleared for the expansion of the privately-owned Richards Bay Coal Terminal (RBCT) in Kwazulu-Natal to 82-million t/y. 

BHPB’s power station moves unsettle UK Coal

25th August 2003 UK Coal expressed concerns on Friday over a bid by mining giant BHP Billiton for Britain's Drax power station, which could take away one of its biggest customers. 

Kumba hopeful of RBCT breakthrough

By: Terence Creamer     22nd August 2003 The long-running saga relating to the 10-million t expansion of the Richard Bay Coal Terminal (RBCT) in Kwazulu-Natal appears finally to be making headway. 

Iscor moves to clear way for market-coke project

By: Terence Creamer     21st August 2003 South African steel producer Iscor confirmed yesterday that it was hoping to make a final decision on a R1-billion market-coke project by the end of the year. 

ABB to supply brake systems to Chinese coal-mines

20th August 2003 Power and automation technology group ABB said yesterday it has won a number of contracts to supply a total of six complete brake systems to Guqiao Mine and Zhangji North coal-mine, both belonging to Huainan Mine Group, in Anhui Province, China. 

China faces big mine safety challenge

15th August 2003 Last month 19 people died in South African mine accidents. While any loss of South African life is both tragic and unacceptable, spare a thought for miners in China. During 2002, the official death toll in Chinese mines amounted to 5 791, attributable to poor workplace and safety conditions. 

Miner in $600m convertible bond issue

5th August 2003 London-listed coal and zinc miner Xstrata said yesterday it was raising $600-million through an issue of guaranteed convertible bonds, taking advantage of lower interest rates to cut borrowing costs. 

Oz dollar knocks Rio Tinto profits

1st August 2003 The world's second-largest diversified miner, Rio Tinto, posted a surprisingly weak first-half profit yesterday, as a strong Australian dollar and weak thermal coal earnings more than offset rising iron-ore sales to a steel-hungry China. 

SA authorities approve Anglo-Sasol coal deal

28th July 2003 South Africa's Competition Commission has recommended the unconditional approval of a deal between mining giant Anglo American and synthetic fuels firm Sasol to develop the Kriel South coal reserves. 

Anglo-Sasol announce R1bn coal-project deal

24th July 2003 Mining giant Anglo American and petrochemical group Sasol have announced that they will move ahead with the long-awaited development of the R1,089-billion Kriel South coal-mine project. 

Big coal shake-up expected in SA

21st July 2003 Coal reserves are the world’s most significant energy resource and indeed, in South Africa, they provide more than 75% of the country’s primary energy needs. 

Xstrata to cut back coal output

21st July 2003 Mining company Xstrata announced its Baal Bone Colliery is to reduce annual production from two-million to 1,2-million tons of coal, as the combination of a strengthening Australian dollar, historically-low coal prices and increasing workers compensation insurance premiums has placed the... 

Big coal shake-up

By: Zonika Botha     18th July 2003 Coal reserves are the world’s most significant energy resource and indeed, in South Africa, they provide more than 75% of the country’s primary energy needs. 

Marketing strategy viewed as key in mining group’s China growth

By: Martin Zhuwakinyu     18th July 2003 The marketing strategy of BHP Billiton, aimed at adding value by selling more products at a higher avaerage profit margin by better meeting the needs of customers while better managing the risks across the business spectrum, has enabled the world’s largest diversified resources group to... 

US gas price a boon for coal-fired power

14th July 2003 High natural gas prices are proving a boon for the many US utilities that still generate electricity the old-fashioned way - burning coal. 

SA group also keen on Moatize coal project

By: Keith Campbell     11th July 2003 SOUTH African mining group Kumba is interested in developing the Moatize coal deposits in Mozambique.? 

Power-critical coal transport systems studied

By: Deborah Spicer     4th July 2003 The construction of coal transport systems to Tutuka and Majuba power stations, in Mpumalanga, could begin next year if a positive record of decision is obtained for an environmental-impact assessment (EIA), which is due to begin in September. 

Common-user model emerges as new RBCT challenge

By: Martin Czernowalow     3rd July 2003 The expansion of the Richards Bay Coal Terminal (RBCT) is hanging in the balance once again, with the main stumbling block being common-user capacity. 

World Coal Institute elects new chairperson

30th June 2003 The World Coal Institute (WCI) appointed Roger Wicks as chairperson at its 37th board of directors meeting, held in San Francisco this month. 

Kumba sets 2 mt coal export target

By: Martin Zhuwakinyu     27th June 2003 Diversified mining group Kumba Resources will be able to double its coal exports to around two-million tons a year, if the planned 50:50 joint venture with empowerment company Eyesizwe Coal to develop an opencast coal-mine at Kalbasfontein, in Mpumalanga, gets off the ground. 

Poor export coal market hurting Aussie producer

27th June 2003 International miner Rio Tinto's 75,7% owned subsidiary, Coal & Allied, yesterday announced that it expected first-half earnings to break even as a result of sharply deteriorating market conditions for Australian export coal in the first half of 2003. 

Moves under way to put RBCT expansion back on track

By: Martin Czernowalow     24th June 2003 Attempts are under way to set up a meeting to salvage the Richards Bay Coal Terminal (RBCT) expansion project, but as yet there is no indication of when stakeholders could engage in discussions. 

Africa a priority for Brazil mining group

By: Keith Campbell     20th June 2003 Africa is emerging as a priority area in Brazilian mining group CVRD’s plans to join the top 3 global mining companies in market capitalisation. 

Xstrata responds to poor coal prices with cuts

18th June 2003 Australian miner Xstrata has announced that its coal business, Xstrata Coal, will reduce production at its Australian operations by some 600 000 t of thermal coal by the end of July 2003. 

CVRD, IDC, Iscor link up on Moz coal study

By: Keith Campbell     13th June 2003 Brazil's CVRD has signed MoU with IDC and Iscor on Moatize coal study; SA Trade & Industry Minister Erwin reveals Brazil/SA mining companies JV in offing. 

Construction of colliery conveyor system to start in October

By: candice haase     6th June 2003 Several projects in the mining industry are fuelling activity at a Randburg materials-handling company. 

 

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