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Coal News

Coal and gas to remain Aus energy backbone - Minister

By: Esmarie Iannucci     4th June 2021 Federal Energy and Emissions Reduction Minister Angus Taylor has again reiterated the need for coal and gas in the Australian energy mix, despite the increase in the use of renewable energy options. The 2021 Australian Energy Statistics, released by the Department of Industry, Science, Energy... 

Workers again block rail line supplying Colombia coal miner Cerrejon

By: Reuters     4th June 2021 Former workers have again blocked Colombian coal miner Cerrejon's rail line, the company said on Thursday, the latest protest to recently affect the beleaguered miner's operations. Cerrejon, jointly owned by BHP Group, Anglo American Plc and Glencore, has had repeated disagreements with nearby... 

Workers again block rail line supplying Colombia coal miner Cerrejon

South Africa’s just transition must accommodate myriad of considerations

By: Tasneem Bulbulia     3rd June 2021 As South Africa seeks to scale up the move away from being reliant on coal-fired energy towards cleaner energy forms, the resultant just transition process to enable this must be cognisant of a number of different stakeholders. This was indicated during a ‘Key priorities and challenges for a Just... 

Public Enterprises committee welcomes De Ruyter’s clearance on racism allegations

By: Marleny Arnoldi     3rd June 2021 Portfolio Committee on Public Enterprises chairperson Khaya Magaxa has welcomed the announcement by Eskom’s board that it has cleared CEO Andre de Ruyter of racism allegations. Magaxa says the utility can now move on with turning the power utility around and meet its responsibilities.  

It’s not over for coal yet as global prices surge on hot demand

By: Bloomberg     3rd June 2021 Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a surge in prices from China to Europe and the US. Prices for the dirtiest fossil fuel are soaring as sweltering temperatures in North Asia increase air conditioning needs, adding to... 

Wage dispute at South Africa's Eskom to go to mediator 

By: Reuters     2nd June 2021 State-owned power utility Eskom has declared a dispute over wages with labour unions after the two sides failed to reach an agreement on pay increases, its spokesperson said on Wednesday. Eskom said it made a final offer of 1.5% increase in the basic salary, which unions rejected. 

Renewables to take lion’s share of energy investment in 2021, but still falling short of net-zero goal

By: Terence Creamer     2nd June 2021 Renewables projects are expected to account for 70% of a record $820-billion in new power generation investment in 2021, as global electricity deployments exceed those of oil and gas for the sixth year in a row. Nevertheless, a new International Energy Agency (IEA) report warns that energy... 

Renewables to take lion’s share of energy investment in 2021, but still falling short of net-zero goal

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Regulator to make decision on Eskom’s latest R8.4bn RCA claim by end-August 

By: Terence Creamer     1st June 2021 The National Energy Regulator of South Africa (Nersa) has published a new regulatory clearing account (RCA) application from Eskom, through which the State-owned utility is seeking to recoup R8.4-billion in cost and revenue variances for the 2019/20 financial year. The application is the first... 

 Regulator to make decision on Eskom’s latest R8.4bn RCA claim by end-August

Seriti assumes management of SAEC assets

By: Donna Slater     1st June 2021 Miner Seriti Resources has completed all of the conditions precedent in respect of its acquisition of South32’s South African Coal Holdings (SAEC), with the transaction now closed and Seriti assuming management of these operations from June 1. SAEC has been renamed Seriti Power, and comprises... 

Resgen appoints CEO permanently, still seeking project funding

By: Donna Slater     31st May 2021 ASX- and JSE-listed coal miner Resource Generation (Resgen) has permanently appointed Leapeetswe Molotsane as MD and CEO with effect from June 1. He has been interim MD and CEO of the company since March 2018.  

Eskom should not probe CEO over racism allegation, advocate says

By: Bloomberg     31st May 2021 Eskom Holdings CEO Andre de Ruyter should not be subjected to an investigation over racism allegations leveled by the company’s now fired chief procurement officer, an advocate hired to make a ruling on the CPO’s conduct said. By setting up the probe in response to allegations leveled by the CPO,... 

Weekly Coal Index Report

31st May 2021 If China thought it could depress the price of Australian coal by banning it, they must surely be unpleasantly suprised. As Chinese domestic prices are back on the boil, the Newcastle forward curve has leaped ahead, with prices for 3-month delivery at over $120. 

Weekly Coal Index Report

Putin is betting coal still has a future

By: Bloomberg     31st May 2021 European governments are drawing up plans to phase out coal, US coal-fired power plants are being shuttered as prices of clean energy plummet, and new Asian projects are being scrapped as lenders back away from the dirtiest fossil fuel. And Russia? President Vladimir Putin’s government is... 

Putin is betting coal still has a future

Fitch lifts 2021 pricing assumptions for various metals 

By: Marleny Arnoldi     28th May 2021 Credit ratings agency Fitch Ratings has increased its copper price assumptions, among others, following “exceptionally” strong pricing conditions in the year-to-date. The agency declared a new price assumption of $9 000/t for this year, up from its previous assumption of $7 200/t.  

Activist's fight at Exxon started with lessons at a coal mine 

By: Bloomberg     28th May 2021 The activist investor who just scored a major victory at Exxon Mobil this week says he learned a key lesson he brought to the boardroom battle from a failed coal mine he tried to launch in the mid-2000s. Chris James said in an interview Thursday that his experience sowed the seeds of what... 

Iron-ore price contributes to Afrimat’s ‘best ever’ financial position 

By: Marleny Arnoldi     27th May 2021 JSE-listed openpit miner Afrimat’s diversification strategy, along with a particularly strong iron-ore price, have supported the company’s overall profitability and ability to generate cash, despite impacts caused by the Covid-19 pandemic, in the financial year ended February 28. The group... 

Iron-ore price contributes to Afrimat’s ‘best ever’ financial position

Four energy scenarios that may define Southern Africa’s energy transition

By: Donna Slater     27th May 2021 Four vastly different energy transition scenarios, from very ambitious to the least ambitious, were posited by management advisory Africa International Advisors integrated energy practice leader Henry Gilfillan this week. The four scenarios, presented during a webinar on hydrogen, gas and... 

Resources Watch  

27th May 2021 This week: SAEC name change to Seriti Power signals coal miner’s new broader energy vision; Hire jobless geologists to capture much-needed exploration data; and, Menar expects first ore from inaugural manganese mine in July 

Resources Watch
Resources Watch

Court ruling paves way for Whitehaven expansion

By: Bloomberg     27th May 2021 Australia’s pro-coal government and one of the country’s largest producers of the fossil fuel won a court battle against an 86 year-old nun and eight teenagers seeking to block a mine expansion over climate change. The ruling paves the way for Whitehaven Coal to develop a project that will... 

Court ruling paves way for Whitehaven expansion

South Africa may need to save indebted State firms, Finance Minister says

By: Bloomberg     27th May 2021 South Africa’s cash-strapped State companies may struggle to refinance their debts, requiring the government to provide support, Finance Minister Tito Mboweni said. The ten most-indebted State firms have an estimated R289.9-billion in loans maturing by the end of March 2025, Mboweni said in a... 

Finance Minister Tito Mboweni
Finance Minister Tito Mboweni

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

AmaranthCX director Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Demerger of Anglo American’s South Africa thermal coal operations on track

By: Tasneem Bulbulia     26th May 2021 Diversified miner Anglo American announced that, on May 26, the High Court of Justice in England and Wales sanctioned the scheme of arrangement and confirmed the reduction of share premium required to effect the demerger of its South Africa thermal coal operations, pursuant to the UK Companies... 

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Progress on raising the embedded generation cap to 50MW
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Following long period of disruption, potential renewables bidders show strong interest in South Africa again 

By: Terence Creamer     26th May 2021 South Africa’s renewable-energy procurement programme, which finally resumed again on April 12 following a seven-year disruption, continues to attract strong interest with some 800 people, including representatives from over 300 registered bidders, participating in a virtual bidders conference on... 

IPP Office head Bernard Magoro speaks during the bidders conference
IPP Office head Bernard Magoro speaks during the bidders conference

China’s crypto mining crackdown followed deadly coal accidents

By: Bloomberg     26th May 2021 China’s escalating push to rein in cryptocurrency mining was triggered in part by concern that the practice has stoked a surge in illicit coal extraction, endangering lives and undermining Xi Jinping’s ambitious environmental goals. Authorities decided to act after concluding the spike in... 

‘Ambiguous’ draft Electricity Regulation Act amendment will fail to unlock investment

By: Terence Creamer     26th May 2021 A regulatory reform exempting small and medium-sized electricity generation projects from the requirement of a National Energy Regulator of South Africa (Nersa) licence is an “obvious and easy way to liberate a huge pipeline of investment that will assist South Africa to have sufficient... 

Professor Anton Eberhard
Photo by Creamer Media
Professor Anton Eberhard

Eskom debt solution remains a ‘work in progress’ despite reduction to R401bn 

By: Terence Creamer     25th May 2021 Public Enterprises Minister Pravin Gordhan reported on Tuesday that, while Eskom was able to reduce its debt by R83-billion, from R484-billion to R401-billion, during the 2021 financial year, efforts to find a lasting solution to the State-owned utility’s unsustainable debt remained a “work in... 

Public Enterprises Minister Pravin Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Czech govt ready to talk about Turow mine with Poland

By: Reuters     25th May 2021 The Czech government is ready to talk with Poland about the Turow lignite mine, where the Czech side wanted mining to stop, Environment Minister Richard Brabec said on Monday. The Court of Justice of the European Union said last week that Poland must immediately stop mining lignite coal at the... 

Atrum hoping to change minds

By: Esmarie Iannucci     25th May 2021 Coal hopeful Atrum Coal has launched an information offensive around its Elan project, in Alberta, in the hopes of swaying opinions on the proposed hard coking coal project. The ASX-listed company earlier this year announced that it would pause prefeasibility studies on the Elan project after... 

Atrum hoping to change minds

50 MW reform won't hurt Eskom and would stimulate recovery, leading proponent outlines in submission 

By: Terence Creamer     25th May 2021 The organisation whose initial analysis indicated that reforming Schedule 2 of the Electricity Regulation Act to exempt embedded generation projects of at least 50 MW in size from the country’s cumbersome licencing process could unlock 5 000 MW of new capacity within five years has made its... 

50 MW reform won't hurt Eskom and would stimulate recovery, leading proponent outlines in submission

EIUG rejects ‘arbitrary licensing threshold’ as 10 MW versus 50 MW debate rages 

By: Terence Creamer     24th May 2021 Large electricity consumers have again called for proposed amendments to Schedule 2 of the Electricity Regulation Act, which governs the registration and licensing of distributed-generation plants, to be “meaningful” in a context where load-shedding cost the economy up to R160-billion in 2020... 

EIUG rejects ‘arbitrary licensing threshold’ as 10 MW versus 50 MW debate rages

First warning sign in the global commodity boom flashes in China

By: Bloomberg     24th May 2021 One pillar of this year’s blistering commodities rally – Chinese demand – may be teetering. Beijing aced its economic recovery from the pandemic largely via an expansion in credit and a state-aided construction boom that sucked in raw materials from across the planet. Already the world’s biggest... 

First warning sign in the global commodity boom flashes in China

Iron-ore tumbles as China's price warning grips markets

By: Reuters     24th May 2021 Asia's iron-ore futures tumbled on Monday, leading another bout of selling in the metals complex, after China's state planner warned against commodity price manipulation and vowed to clamp down on speculative trading. The most-traded iron-ore contract for September delivery on China's Dalian... 

New Elk coal mine in Colorado starts production

By: Esmarie Iannucci     24th May 2021 First coal has been produced at the New Elk mine, in Colorado. ASX-listed Allegiance Coal on Monday reported that while coal production had been pushed back by three weeks, owing to delays in obtaining operational plan approvals from Mine Safety and Health Administration, it meant that the mine... 

New Elk coal mine in Colorado starts production
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