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Coal News

Resources giant closes Oz colliery

18th February 2002 Diversified resources giant BHP Billiton said at the weekend that it would close the Tower Colliery in Australia's New South Wales state, citing limited coal recovery capacity and major geological problems. 

Changing the global face of coal

4th February 2002 The turn of the century has heralded the transformation of coal, the Cinderella of the world energy market, into a more modern and competitive fuel. 

Coal's new e-marketplace facilitating 340-million ton-a-year worth of trade

By: Laura Franz     1st February 2002 The turn of the century has heralded the transformation of coal, the Cinderella of the world energy market, into a more modern and competitive fuel. 

Swiss group in coal talks

1st February 2002 Swiss minerals group Xstrata said it had been in discussions with commodities house Glencore regarding the acquisition of Glencore’s coal assets in Australia and South Africa. 

Real-time monitor of coal-mining systems

By: Laura Franz     25th January 2002 After the successful conclusion of a year-long pilot study, environmental and process instrumentation company Sperosens, of Pretoria, is ready to release a new on-board telemetry and safety interlocking system to the local coal-mining sector, reports Spero Group engineering and product support... 

Coal-line tariff deadlock breakthrough

25th January 2002 The looming deadlock between a consortium of coal companies and CoalLink over negotiations surrounding rail tariffs for the ten-million-tons-a-year Richards Bay Coal Terminal (RBCT) expansion has been resolved Mining Weekly can today report. 

RBCT expansion now awaits port approval

23rd January 2002 With rail issues resolved, coal industry members are now in discussions with Portnet to finalise the proposed R650-million expansion of the Richards Bay Coal Terminal. 

Mining group expands US coal reserves

22nd January 2002 Mining company Rio Tinto’s wholly-owned US subsidiary, Kennecott Energy, has expanded its Jacobs Ranch coal reserves in the Powder River Basin of Wyoming, US, following a successful bid of 70,6 cents per ton or $379,5-million for the North Jacobs Ranch tract. The North Jacobs Ranch tract... 

Mining giant sells one coal-mine, approves another

11th December 2001 Resources company BHP Billiton has announced the completion of the sale of its 80% interest in the Arutmin Indonesia energy coal operations to Bumi Resources, effective November 30. 

SA coal trades fall below $29/t

3rd December 2001 Two South African trades by globalCoal market members were executed below $29 at a weighted average price of $28,78 per ton. 

Firm strategically positioned for growth

By: Deborah Spicer     30th November 2001 Having completed a five-year re-engineering drive, Kumba Resources is intent on making its strategic business units (SBUs) more efficient by increasing the volumes produced and critically challenging potential investments. 

Tariffs train smash could delay coal terminal expansion

By: Terence Creamer     30th November 2001 Negotiations between a consortium of coal companies hoping to benefit from the 10-million-ton-a-year expansion at the Richards Bay Coal Terminal (RBCT) and State-owned coal transporter, COALlink appear to be on the brink of deadlock. 

$100m for Russian coal-mining sector development

29th November 2001 The release of a $100-million loan to help Russia restructure its coal-mining sector has been approved by the World Bank, reports The Moscow Times. 

Unbundled firm names proposed BEE partner

28th November 2001 South African mining group Kumba Resources said that it is in talks with unlisted Eyesizwe Coal to form a strategic coal partnership in South Africa. 

Positive outlook for newly-listed mining company

27th November 2001 Mining firm Kumba Resources made a steady debut on the Johannesburg bourse yesterday, trading below some forecasts although analysts expect the share to rise in the short term. 

Richards Bay bid-ask coal spread gap narrows

26th November 2001 The bid-ask spread in the South African market has closed. 

Bee joint venture for coal SBU

20th November 2001 The leaner, more-efficient Kumba coal business unit may soon experience another transformation when it completes its investigation into the possibility of a merger or joint venture with an unnamed black economic empowerment (Bee) company. 

New loader for Middelburg mine

16th November 2001 Mpumalanga colliery Middelburg Mine Services has a new LeTourneau L-1800 front-end loader which holds the distinction of being the largest of its kind in Africa. 

Refurbishment contract awarded

16th November 2001 Local company IMS Engineering has been awarded a contract by Wankie colliery in Zimbabwe for the refurbishment of a steam turbine and compressor to as-new condition. 

Jig plant at colliery a South African first

16th November 2001 Local project management and engineering company Dowding Reynard and Associates (DRA) has been awarded a contract to build a plant to upgrade run-of-mine (Rom) material ahead of the washing plant at Optimum Colliery, in Mpumalanga. 

Black coal firm evolves from contractor to owner

By: Irma Venter     16th November 2001 Black-owned coal company Sebenza obtained its first 100%-owned mine last month, when it bought the Protea antrachite operation, near Piet Retief, in Mpumalanga, from the liquidated Natal Collieries. 

Outlook for SA mining pondered

By: Keith Campbell     9th November 2001 For SA mining, the effect of the 11/9/01 terrorist attacks in the US has been to accelerate a global economic downturn already underway, with the concurrent decline in the commodity markets. 

Coal-line tariff talks heat up

By: Terence Creamer     8th November 2001 Negotiations to finalise rail rates for new companies seeking to export coal down the rail line linking the coalfields of Mpumalanga to the Richards Bay Coal Terminal (RBCT) in Kwazulu-Natal are at an advanced stage. 

Soft market leads to coal-mine closure

8th November 2001 A wholly-owned subsidiary of BHP Billiton, Ingwe Coal Corporation, and its joint venture partner, Tavistock Collieries, a wholly-owned subsidiary of Duiker Mining, have announced that they will be closing down the Rietspruit energy coal-mine. 

Low coal freight rates become important

6th November 2001 Unusually low freight rates across much of the world are playing an ever more important role in the international coal trade. 

Coal empowerment company's 10-yr growth plan mapped out

By: Laura Franz     2nd November 2001 While the dust may have settled above-ground since a shake-up in the local coal industry led to the genesis of Eyesizwe, South Africa’s fourth-largest coal company, underground the company is working up a storm as, within the next decade, it prepares to grow its production from 18,5-million... 

Study on for new Mpumalanga coal-mine

2nd November 2001 A study is under way to determine the feasibility of exploiting the Forzando South coal deposit, located on the Highveld coal field in Mpumalanga. 

Coal empowerment company's 10-year growth plan mapped out

2nd November 2001 While the dust may have settled above-ground since a shake-up in the local coal industry led to the genesis of Eyesizwe, South Africa’s fourth-largest coal company, underground the company is working up a storm as, within the next decade, it prepares to grow its production from 18,5-million... 

Colliery methane database expands

By: Deborah Spicer     26th October 2001 A database of methane conditions in South African coal-mines has become even more comprehensive with it having been enlarged to include 450 samples from 32 collieries this year. 

Black coal leader eyes Mpumalanga growth

23rd October 2001 South Africa’s fourth-largest coal producer, Eyesizwe is currently conducting a prefeasibility study of its Mpumalanga-based reserve, which is to be completed by year-end, reports CEO Sipho Nkosi. 

Coal-mine awards supply contract

19th October 2001 A multimillion rand supply contract for a total of 88 Weg electric motors has been awarded to Zest Electric Motors by conveyor company Nepean Conveyors. 

Price downswing predicted for coal

17th October 2001 Prices in the forward financial markets are falling and the physical coal market is bracing itself for a price downswing, the Energy Argus reports. 

Colombian coal in Europe poses threat to SA producers

16th October 2001 South African producers are showing signs of relenting from the prices that they have stuck to for much of September and October, although the issue of oversupply still dominates the European coal market. 

China to raise coal exports – report

15th October 2001 A new report by DRI WEFA Energy Services, a London- and Boston-based consultancy, states that China will increase coal exports, which will have a moderating effect on prices. 

Gearboxes drive coal terminal

5th October 2001 About 400 Hansen gearboxes drive the conveyors on Richards Bay Coal Terminal’s (RBCT’s) conveyor systems, shiploaders and stacker reclaimers. 

Roads contract for Witbank mine

5th October 2001 A R22,8-million contract has been awarded to Concor Roads by Ingwe Coal for the construction of stormwater cut-off canals at Douglas Colliery, near Witbank, Mpumalanga. 

Coal-contract talks heat up

3rd October 2001 South African and Australian exporters are locked in the usual stand-off with buyers in both the Western and Eastern hemispheres as annual term contract negotiations get under way, Energy Argus reports. 

 

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