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Coal News

Wankie secures $5,3m financing

17th April 2003 Zimbabwe’s sole coal producer, Wankie Colliery Company, has secured a $5,3-million facility from the African Export-Import Bank to purchase vital spare parts, McCloskey Coal News reports. 

Increased losses at Zim colliery

15th April 2003 Zimbabwean coal producer Wankie Colliery reported an increase in its net loss for the year to December, McCloskey Coal News reports. 

Grootegeluk gets electronic detonators

By: Deborah Spicer     11th April 2003 Last month, explosives supplier Bulk Mining Explosives (BME) signed its first one-year contract to supply Kumba Resources’ Grootegeluk coal-mine with electronic-delay detonators. 

Still no movement on coal terminal expansion

By: Martin Czernowalow     10th April 2003 A disagreement regarding utilisation and common user policy at the Richards Bay Coal Terminal (RBCT) seems to be the latest stumbling block in the terminal’s expansion project, sources tell Mining Weekly Online. 

Tension controller now developed for conveyor systems

4th April 2003 More and more underground conveyor systems are being installed in the hard rock mines in South Africa, in fact it can now be said that this is the tramming method of the future in these mines, says Dymot Engineering financial director Graeme Skeen. 

Coal-seam fires pose health risk

1st April 2003 Coal-seam fires that can burn underground for centuries pose a major threat to the environment and human health, experts say. 

Australia coal projects face China, Russia threat

1st April 2003 Australian coal producers risk over-investing in expansion plans that will be undermined by rising exports from China and Russia, a consultants’ report released recently warned. 

Sixty miners die in Chinese coal-mine blast

25th March 2003 Rescuers digging through the rubble of a powerful blast in a coal mine in northern China at the weekend continued to find dead bodies Tuesday, with the death toll rising to 60, state media said. 

Announcement of Kriel South expected soon

By: Martin Czernowalow     21st March 2003 The prospect of establishing a new coal-mine in Mpumalanga is under scrutiny. 

Major likely to test new mine law with coal project

21st March 2003 The world’s largest diversified mining company, BHP Billiton, has not altered its country risk premium for South African in light of the new minerals regime, but it admits that it needs to test the system to be able to provide shareholders with evidence that the country remains a sound... 

New technology revives KZN coal mining

20th March 2003 Mining company Auger Mining South Africa has been reviving the northern KwaZulu-Natal coal industry, with updated technology that would make it economically viable to mine millions of tons of reserves, the firm’s director, Bob Ricketts, said. 

Petrochemicals firm awards switchgear contracts

19th March 2003 Two contracts, worth a total of more than R2-million, have been awarded to the medium voltage division of ABB Power Technology for the supply, installation and commissioning of electrical switchgear systems for the expansion of Sasol Mining’s Syferfontein and Twistdraai Collieries, near... 

BEE coal group changes procurement strategy

By: Deborah Spicer     14th March 2003 South Africa’s fourth-largest coal producer intends to grow the value of items that it orders on formal contracts from 40% to 80%. 

Phosa eyes more mining ventures

By: Martin Zhuwakinyu     14th March 2003 Former Mpumalanga premier Dr Mathews Phosa, whose Vuka Alliance recently came together with a team of black entrepreneurs to acquire a 50% stake in contract-mining company Ruslyn Mining and Plant Hire, says the R17,5-million deal is a precursor to many empowerment transactions in the mining... 

The RBCT coal terminal expansion

14th March 2003 Name of the project and location Richards Bay Coal Terminal (RBCT) expansion, Kwazulu- Natal. Project description The aim of the proposed project is to enlarge the RBCT to cater for smaller coal exporters. This expansion is vital for the growth of South Africa’s coal industry. The expansion... 

Announcement of Kriel South expected soon

By: Martin Czernowalow     11th March 2003 The prospect of establishing a new coal mine in Mpumalanga is under scrutiny. 

New coal mine planned for Australia

7th March 2003 Yesterday, MIM Holdings, possible takeover target of international coal miner Xstrata, said it was spending A$175-million ($109-million) to develop a new colliery in eastern Australia. 

Transnet holds RBCT expansion in its hand

By: Martin Czernowalow     4th March 2003 An announcement regarding the Richards Bay Coal Terminal (RBCT) expansion is expected soon, as shareholders await approval from Transnet’s board to proceed with proposals for the project, Mining Weekly Online can report. 

Coal export breakthrough is expected imminently

28th February 2003 A breakthrough in negoti-ations about the export allocation of a million tons of coal from the Richards Bay Coal Terminal may occur soon. 

Mid-tier miner has strategy for a 15% BEE ownership

By: Deborah Spicer     28th February 2003 Diversified mid-tier miner, Metorex, is intent on improving its empowerment profile in line with requirements that 15% of all mining assets be in black hands within five years. 

Company completes testbed upgrading

By: candice haase     21st February 2003 A specialised designer and manufacturer of high-voltage electrical machines upgraded its testbed to ensure it can compete successfully in the industry. 

New air motors to be introduced

By: candice haase     21st February 2003 The South African arm of the German company Demag, active in the materials-handling sector, is introducing a new technology to the range of products it already supplies to the local market. 

Order secured as coal company upgrades

21st February 2003 Local company Sasol Coal Supply’s upgrade to its East and West Stock Yards has provided Hansen Power Transmissions with a substantial order. 

Xstrata sets up committee to achieve BEE targets

By: Joanne Delaurentis     21st February 2003 London-listed diversified mining and metals group Xstrata claims to have taken a proactive approach to the industry requirements for black economic empowerment (BEE) laid out in South Africa’s new Mineral and Petroleum Resources Development Act and the subsequent Empowerment Charter... 

Metorex optimistic of coal export breakthrough

By: Deborah Spicer     21st February 2003 A breakthrough in negotiations about the export allocation of a million tons of coal from the Richards Bay Coal Terminal may occur soon, revealed Metrorex executive chairperson Simon Malone at the company’s quarterly results this week. 

Thermal coal price set to fall – report

14th February 2003 The tough and protracted export coal price negotiations, that marked 2002, will be repeated this year as buyers and sellers come to grips with evolving market structures, says Australian-based independent research house AME Economics in a report. 

Weak coal saps Xstrata’s profits

11th February 2003 London-listed miner Xstrata said yesterday its underlying profits fell 17% in 2002 as it suffered at the hands of depressed coal and zinc prices and the sluggish global economy. 

Weak coal price seen hurting Xstrata

By: Martin Czernowalow     10th February 2003 Weak coal prices are set to take a toll on London-listed metals and mining group Xstrata’s full-year results, its first since a transforming deal last year to buy most of commodities group Glencore's coal operations. 

Study on to add value to coal fines

By: Martin Zhuwakinyu     7th February 2003 Research into the dense-medium beneficiation of fine coal and the agglomeration of coal fines without a binding agent, which is being undertaken as part of the Coaltech 2020 initiative, has produced encouraging results, but the project-implementation team stresses it is early days yet to say if a... 

BEE acquires 25% of Kangra Coal

5th February 2003 Empowerment firm, MCI Resources, the resources arm of Cyril Ramaphosa’s Millennium Consolidated Investments, announced yesterday that it had acquired a 25% stake in Graham Beck’s coal business - Kangra. 

Multimillion-rand market-coke project being studied

By: Terence Creamer     31st January 2003 Carbon products manufacturer Suprachem, a subsidiary of steel giant Iscor, is studying a multimillion-rand project to increase its production of market coke, which it supplies to the South African ferro-alloy, foundry and iron and steel industries. 

Anglo Coal acquires stake in Aussie deposit

27th January 2003 Last week, Anglo Coal (German Creek), a wholly-owned subsidiary of Anglo American, announced that it had agreed to purchase a 70% interest in the Girrah coal deposit in Central Queensland from Wesfarmers Curragh, a wholly-owned subsidiary of Wesfarmers Limited. 

Training facility at Namibian zinc-mine delivers results

24th January 2003 The first zinc cathode was pulled from the electrowinning cells in the tank house at Skorpion Zinc’s training facility site near Rosh Pinah in southern Namibia recently. 

Big change is forecast for the local coal industry

By: Martin Czernowalow     24th January 2003 The face of South Africa’s coal industry, as well as the economy of this coal-dependent country, are both set to change in the near future, predicts the Mineral Bureau’s chief mineral economist, Xavier Prevost. 

Suprachem studying market-coke project

By: Terence Creamer     22nd January 2003 Carbon products manufacturer Suprachem, a subsidiary of steel giant Iscor, is studying a multi-million-rand project to increase its production of market coke, which it supplies to the South African ferro-alloy, foundry and iron and steel industries. 

US puts $1,3bn behind clean-coal push

22nd January 2003 US Secretary of Energy, Spencer Abraham, recently announced the first eight projects chosen by the Department of Energy in the initial phase of President George W Bush's Clean Coal Power Initiative. 

Fresh coal-terminal expansion announcement expected this month

By: Martin Czernowalow     17th January 2003 The National Ports Authority (NPA) says it will make an announcement regarding the expansion of the Richard’s Bay Coal Terminal (RBCT) before the end of this month. 

 

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