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Coal News

Edenville introduces business continuity agenda amid Covid-19

By: Simone Liedtke     7th April 2020 Aim-listed Edenville Energy has introduced a business continuity programme to protect its staff, while ensuring the continued and safe operation of the company, in response to the Covid-19 pandemic. The move has resulted in all nonessential travel being cancelled since early March, and all... 

Golden Investment's stake in Stanmore jumps

By: Esmarie Iannucci     7th April 2020 Takeover target Stanmore Coal has again urged shareholders not to take any action in relation to a takeover offer from suitor Golden Investments, after its shareholding in the company increased from just over 31% to around 51%. Golden Investment last week launched a takeover bid for Stanmore,... 

Covid-19 preventing shareholders from attending Anglo AGM

By: Martin Creamer     7th April 2020 Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM. The London- and Johannesburg-listed diversified mining company said in a... 

Buffalo Coal appoints CEO, CFO

By: Simone Liedtke     7th April 2020 South African coal miner Buffalo Coal has appointed Emma Oosthuizen as its CEO. Oosthuizen has been interim CEO since February 2019 following the resignation of the previous CEO. 

Marketing deal signed for New Elk coal

By: Esmarie Iannucci     7th April 2020 ASX-listed Allegiance Coal has finalised a sale and marketing agreement with M Resources Trading over the coal produced at its New Elk mine, in Colorado. The agreement provides for an exclusive global sales and marketing arrangement spanning five years, with M Resources’ marketing fees to be... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need  

By: Martin Creamer     6th April 2020 Diversified mining company Anglo American is going to remarkable lengths to support South Africa through the devastating Covid-19 crisis. The London- and Johannesburg-listed company, headed by Australian Mark Cutifani, is showing far-reaching corporate humanitarianism by taking firm steps to... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need
Photo by Bloomberg
Mark Cutifani

Minister finds Covid-19 compliant mines but also laggards 

By: Martin Creamer     6th April 2020 As calls go out for mining to resume on April 17 or face serious setback, Mineral Resources and Energy Minister Gwede Mantashe has found excellent Covid-19 compliance by some coal mines that have been allowed to stay open to supply coal to Eskom – but inadequate response to directives by others.... 

Minister finds Covid-19 compliant mines but also laggards
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Eskom wants Medupi Unit 3 defect repairs completed on schedule despite Covid-19 restrictions 

By: Terence Creamer     3rd April 2020 State-owned electricity utility Eskom has not shifted its April 9 deadline for returning Medupi Unit 3 to service, despite work restrictions imposed at the Lephalale site, in Limpopo, in response to the Covid-19 pandemic. The unit was shut for 75 days on January 26 to address defects that... 

Eskom wants Medupi Unit 3 defect repairs completed on schedule despite Covid-19 restrictions
Photo by Bloomberg
All work has been stopped on Kusile units 4, 5 and 6 for the duration of the lockdown

BMA to use charters in Queensland

By: Esmarie Iannucci     3rd April 2020 Diversified major BHP’s coal alliance with Mitsubishi (BMA) on Friday announced that it would only use charter flights to transport fly-in, fly-out (FIFO) employees and contractors, restricting non-residential workers from visiting townships near its mine site, and increasing health screenings.... 

Resgen expects financial close for Boikarabelo project later this quarter  

By: Marleny Arnoldi     2nd April 2020 ASX- and JSE-listed Resource Generation (Resgen) was due to host a shareholders meeting in late March or early April to vote on approving its proposed mine funding package for the Boikarabelo coal project, in South Africa’s Limpopo province. Given the national lockdown declared in South Africa,... 

ACCC gives coal miners bargaining power

By: Esmarie Iannucci     2nd April 2020 The Australian Competition and Consumer Commission has granted the New South Wales Minerals Council and ten coal producers in the region interim authorization to negotiate with Port of Newcastle Operations (PNO) on terms and conditions of access to the port for coal exports, including prices.... 

Shareholder makes a play for Stanmore

By: Esmarie Iannucci     2nd April 2020 Coal miner Stanmore Coal on Thursday urged shareholder snot to take any action in relation to an on-market takeover offer from shareholder Golden Investment. Golden Investment has launched a takeover bid for Stanmore, offering shareholders A$1 in cash for every share held. ASX-listed Petra... 

Shareholder makes a play for Stanmore

Coal India mulls output cuts as inventories mount on virus fight

By: Bloomberg     1st April 2020 State-run Coal India is considering cutting output at some mines, aligning it with a steep drop in demand from power generators amid a countrywide lockdown, according to people with knowledge of the development. The Kolkata-based miner will focus on clearing inventories and reducing production... 

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Standard Bank meeting all capital and liquidity requirements
Sim Tshabalala

Wind IPPs given some clawback relief as Eskom issues surprise force majeure notices

By: Terence Creamer     1st April 2020 In its force majeure notice to wind independent power producers (IPPs), Eskom has indicated that, should the system operator issue an instruction to a wind farm to reduce energy output during the period of the Covid-19 lockdown, the IPP would be granted an extension equivalent to the period of... 

Wind IPPs given some clawback relief as Eskom issues surprise force majeure notices

Mantashe finds coal mines in various states of readiness to deal with Covid-19 

By: Marleny Arnoldi     1st April 2020 Mineral Resources and Energy Minister Gwede Mantashe on March 31 conducted unannounced visits to three coal mines, in Mpumalanga, which supply coal to State-owned power utility Eskom. These mines included Glencore’s Impunzi colliery, Exxaro Resources' Matla Coal colliery and Seriti’s Kriel... 

Mantashe finds coal mines in various states of readiness to deal with Covid-19
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Eskom gearing up to run philosophy maintenance ‘as a project’ following Covid-19 hiatus 

By: Terence Creamer     1st April 2020 State-owned electricity producer Eskom is gearing up to implement philosophy maintenance as a centralised project across its unreliable coal fleet, where ongoing breakdowns have increased the risk of growth- and confidence-sapping load-shedding. The utility’s board has given its approval for the... 

Eskom gearing up to run philosophy maintenance ‘as a project’ following Covid-19 hiatus

Teck reduces coal output rate and suspends 2020 guidance

By: Mariaan Webb     1st April 2020 Notwithstanding the challenges related to the fast-spreading coronavirus, Canadian diversified miner Teck Resources president and CEO Don Lindsay on Wednesday reported that all the group’s operations remained in production, albeit on a reduced basis. The Vancouver-headquartered group announced... 

Teck reduces coal output rate and suspends 2020 guidance
Teck president and CEO Don Lindsay

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity 

By: Martin Creamer     31st March 2020 The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1- billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as... 

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity
Ivan Glasenberg

African Rainbow Minerals financial director to step down

By: Martin Creamer     31st March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) on Tuesday announced that its FD Abigail Mukhuba would be stepping down with effect from the end of September to pursue a new career, and that ARM senior executive finance: corporate and tax... 

US coal mines hit by virus pandemic

By: Mariaan Webb     30th March 2020 The fast-spreading coronavirus pandemic is affecting US coal operations, with two companies on Monday announcing that they would idle operations in response to Covid-19, which has hit the global economy hard. NYSE-listed Consol Energy said it would curtail production at its Bailey mine, in... 

US coal mines hit by virus pandemic

Allegiance secures loan for New Elk restart

By: Esmarie Iannucci     30th March 2020 ASX-listed Allegiance Coal has entered into a $25-million loan term sheet with credit asset manager Nebari Natural Resources Credit Fund, which could contribute to the capital required to start up the New Elk mine, in Colorado. The loan will have a 36-month term from the date of drawdown, with... 

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

Exxaro applies to continue supplying coal to Eskom

By: Marleny Arnoldi     27th March 2020 JSE-listed coal miner Exxaro Resources has started implementing its Crisis Management Plan and Business Continuity Plan across the breadth of its business, which includes health and safety controls and preventive measures to curb the spread of Covid-19. This while the company motivated to the... 

Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi     27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... 

Covid-19 to further weaken US coal demand in an already diminishing market

Mantashe sustains 1 MW licence-exemption cap despite calls for higher threshold 

By: Terence Creamer     27th March 2020 Mineral Resources and Energy Minister Gwede Mantashe Gazetted an amended version of Schedule 2 of the Electricity Regulation Act on March 26, which the Department of Mineral Resources and Energy (DMRE) said further clarified the requirements for generation for own use for facilities of under 1... 

Mantashe sustains 1 MW licence-exemption cap despite calls for higher threshold
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Anglo American cuts South African iron-ore, coal guidance 

By: Donna Slater     27th March 2020 Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world. It will also continue to provide a number of essential services, including security; mine... 

Glencore winds down most operations in line with Covid-19 restrictions 

By: Donna Slater     27th March 2020 Diversified mining and marketing company Glencore, with operations internationally, is winding down most of its operations and putting them on temporary care and maintenance as lockdowns are enforced in various countries to slow the spread of Covid-19. The London- and Johannesburg-listed company... 

Transnet scales back to only essential services, operations

By: Simone Liedtke     27th March 2020 In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation services and operations of non-essential cargo during this period. After consultation with various... 

Universal abandons High Court action

By: Esmarie Iannucci     27th March 2020 South Africa-focused coal miner Universal Coal on Friday announced that it would discontinue its legal proceedings in the High Court of Justice of England and Wales in relation to an unsolicited from fellow-listed TerraCom, after the suitor announced that it had achieved just over 90% of the... 

Eskom postpones ‘philosophy maintenance’ as it shuts units in response to drop in demand 

By: Terence Creamer     27th March 2020 State-owned electricity producer Eskom has reported that demand dropped by more than 6 000 MW on the afternoon of March 26 as businesses shut in anticipation of the start of the nationwide Covid-19 lockdown. The utility also indicated that a further reduction in demand was anticipated for the... 

Eskom postpones ‘philosophy maintenance’ as it shuts units in response to drop in demand

MC Mining halts mining

By: Esmarie Iannucci     27th March 2020 Coal miner MC Mining has suspended production at its South African coal operations, as a 21-day nationwide lockdown comes into effect. “MC Mining supports all measures to limit the impact of Covid-19 and the lockdown has impacted our Uitkomst Colliery, as well as our corporate office and project... 

Boipelo uses experience to court juniors

By: Nadine James     27th March 2020 Coal-focused Boipelo Mining Contractors – a Level 2 broad-based black economic empowerment joint venture formed by Murray & Roberts Cementation (MRC) and the Amandla TM Group – having recognised the opportunity presented by divesting majors, is actively courting players in the midtier and,... 

Boipelo uses experience to court juniors
EXCEEDING EXPECTATIONS Since its appointment, Boipelo Mining has consistently exceeded its monthly production target

Miner confident of new licence

By: Cameron Mackay     27th March 2020 Local coal miner Canyon Coal has applied for a new water use licence (WUL), in terms of the National Water Act, to develop its De Wittekrans coal project. De Wittekrans has an environmental authorisation, a mining right and a WUL. The reserve will be mined using opencast and underground mining... 

Miner confident of new licence
ACE IN THE COAL Product from the mine has been offered to Eskom through two separate tender processes

Coal remains vital to energy mix

By: Cameron Mackay     27th March 2020 Despite increased regulatory pressure regarding the environmental impacts of its mining, storage and use in power generation, coal is still essential to the local energy mix, says engineering consultancy WSP power generation consultant Wayne Lindecke. “We are not naïve to the negative... 

Coal remains  vital to energy mix
WAYNE LINDECKE As a country, we’re evolving and trying to get our energy mix right, so we are dependent on coal and will still be for a while

Coal supplier receives UPS systems

27th March 2020 Mining system solutions supplier Becker Mining South Africa has delivered 12 uninterruptible power supply (UPS) systems to a local coal mine to enhance safety and prevent unnecessary downtime. These specially designed UPS systems ensure continuous operation of the mine’s programmable logic... 

Coal supplier receives UPS systems
CONNECTIVITY These interconnected UPS systems, with Ethernet and RS232 connectivity, can be controlled or remotely managed and monitored from the control station

Coal faces funding troubles

By: Cameron Mackay     27th March 2020 While demand for coal is still rising, there has been a local trend towards financing more sustainable and ‘green’ projects. Through public and shareholder pressure and aligning with global trends, local financial institutions are also reconsidering their approach towards funding new coal... 

Coal faces  funding troubles
Photo by Creamer Media
THE COAL STORY Currently, about 77% of the country’s electricity is generated from coal
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