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Coal News

Lifting distributed-generation cap ‘one of the easier decisions’ facing government – De Ruyter   

By: Terence Creamer     15th February 2021 Eskom CEO Andre de Ruyter has described the plan, announced by President Cyril Ramaphosa in his State of the Nation (SONA) address, to lift the licence-exemption threshold for distributed-generation plants as “one of the easier decisions” government could make in the near-term to alleviate stress... 

Weekly Coal Index Report

15th February 2021 Arctic conditions across much of the Northern hemisphere resulted in higher coal prices over the week, softening as the Chinese new year holiday got underway. European emissions prices rallied over EUR40 putting pressure on the dark spread. Physical RBCT prices continue to trade at a premium to... 

Weekly Coal Index Report

MC Mining appoints another interim CEO while recruitment process continues 

By: Donna Slater     12th February 2021 Coal miner MC Mining has appointed nonexecutive director Sam Randazzo as its interim CEO while the recruitment process for the appointment of a permanent CEO is being finalised. Randazzo will succeed acting CEO Brenda Berlin, who is due to step down on February 15.  

SCA dismisses case against Tendele Coal Mining

By: Tasneem Bulbulia     11th February 2021 The Supreme Court of Appeal (SCA) on February 9 dismissed an appeal brought by the Mfolozi Community Environmental Justice Organisation Somkhele (MCEJO), the Global Environmental Trust and Sabello Dladla against a 2018 judgment of the KwaZulu-Natal High Court regarding Petmin's Somkhele mine.... 

Zondo blasts 'negligent' former Eskom board over R1.68bn prepayment to Gupta entity

By: News24Wire      11th February 2021 Failure by the 2015 Eskom board to interrogate the submission to authorise a R1.68-billion prepurchase payment to a Gupta-owned company cast doubt on the directors prudence, with State Capture Commission chairperson Deputy Chief Justice Raymond Zondo going as far as calling them negligent on... 

IDC extends MC Mining's loan repayment date

By: Donna Slater     10th February 2021 The Industrial Development Corporation (IDC) of South Africa has extended the date by which coal miner MC Mining is to repay two loan facility drawdowns of R160-million to July 31. MC Mining initially used R120-million of a R240-million IDC facility to progress the Makhado project to fully... 

Controversial UK coal mine under review over climate backlash

By: Bloomberg     10th February 2021 Construction of a coal mine that threatened UK Prime Minister Boris Johnson’s claim to be a world leader in the fight against climate change is under review after growing opposition. The Woodhouse Colliery would be the first new deep coal mine in the UK in three decades. It’s planned to be built... 

Controversial UK coal mine under review over climate backlash

Africa's miners and winemakers toast China's row with Australia

By: Reuters     10th February 2021 For South African winemaker Vergenoegd Löw, the pandemic could have been a disaster but a bitter trade war between China and Australia has thrown the 325-year-old estate a lifeline. Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and... 

Bathurst closes Canterbury

By: Esmarie Iannucci     10th February 2021 Coal miner Bathurst Resources on Wednesday announced that it would close its Canterbury coal mine, in New Zealand. The company told shareholders that ongoing costs and the delays associated with obtaining regulatory consent for the current operations, as well as an inability to reach an... 

Exxaro provides Covid-19 relief, testing support to Lephalale community

By: Schalk Burger     9th February 2021 JSE-listed diversified miner Exxaro Resources says it has implemented community support initiatives to aid host communities around its Grootegeluk mine, in Lephalale, Limpopo, to help them overcome socioeconomic challenges they face as a result of the impact of the Covid-19 pandemic. Exxaro... 

Canadian project proves viable for Montem

By: Esmarie Iannucci     9th February 2021 A scoping study into the Chinook coal project, in Alberta, Canada, has indicated an economically and technically viable project, coal hopeful Montem Resources reported. The scoping study considered an opencut mining operation based on Montem’s Joint Ore Reserves Committee Compliant resource of... 

Alberta backs down on opening Rockies to coal mines

By: Reuters     9th February 2021 The Canadian province of Alberta on Monday reversed a decision that expanded access to the eastern slopes of the Rocky Mountains for openpit coal mines, but the government allowed exploration for six coal projects to continue in the area. Premier Jason Kenney's United Conservative Party... 

Alberta backs down on opening Rockies to coal mines
Alberta Premier Jason Kenney

Nersa subcommittee recommends approval of 40 MW Gold Fields solar licence 

By: Terence Creamer     8th February 2021 The National Energy Regulator of South Africa’s (Nersa’s) electricity subcommittee has recommended that the Energy Regulator approves Gold Fields’ high-profile licence application for a 40 MW solar photovoltaic (PV) project to be developed at its South Deep mine, in Gauteng. Nersa has confirmed... 

Nersa subcommittee recommends approval of 40 MW Gold Fields solar licence
South Deep

Weekly Coal Index Report

8th February 2021 SA coal prices enjoyed a volatile week, initially selling off in tandem with the rest of the market, before rallying strongly after Transnet’s force majeure declaration, owing to weather conditions from tropical storm Eloise. RBCT stocks are currently around 2.8Mmt, with around 10 vessels... 

Weekly Coal Index Report

Nersa committee holds back approval on Eskom application to buy short-term power 

By: Terence Creamer     5th February 2021 The National Energy Regulator of South Africa’s (Nersa’s) electricity subcommittee decided, on February 5, not to approve Eskom’s application for the emergency procurement of electricity from eight private generators under its Short-Term Power Purchase Programme (STPPP). In March 2020, the... 

Nersa committee holds back approval on Eskom application to buy short-term power

New South Wales blocks South32 coal expansion plans

By: Esmarie Iannucci     5th February 2021 The New South Wales Independent Planning Commission (IPC) has pushed back on diversified miner South32’s planned extension of its Dendrobium coal mine. The A$956-million extension project would see an additional 78-million tonnes of run-of-mine coal recovered from two new areas, Areas 5 and 6,... 

New South Wales blocks South32 coal expansion plans

Opinion: Sustainable energy - a fascinating dynamic for the resources sector  

5th February 2021 In this opinion piece, written to coincide with the yearly Investing in African Mining Indaba,  Absa Corporate and Investment Banking natural resources and energy head Shirley Webber writes about the key sustainability trends the financial services industry will be monitoring this year. Issues... 

MC Mining granted Mopane mining right

By: Tasneem Bulbulia     4th February 2021 The Department of Mineral Resources and Energy (DMRE) has granted MC Mining the mining right for its 74%-owned Mopane coking and thermal coal project, in the Limpopo province. The Mopane project, together with the Chapudi and Generaal projects, comprise the company’s longer-term Greater... 

EUIG wants wheeling reform to accompany rise in licence-exemption cap to 50 MW  

By: Terence Creamer     4th February 2021 The Energy Intensive Users Group of Southern Africa (EIUG) has added its voice to growing calls to increase South Africa’s licence exemption threshold from 1 MW to 50 MW, but says the change should be accompanied by an updating of the current framework for wheeling power across the network. In a... 

EUIG wants wheeling reform to accompany rise in licence-exemption cap to 50 MW

Resources Watch  

3rd February 2021 De Beers adopts strategy to meet carbon-neutral ambition; Third consecutive year of coal export decline from Richards Bay Coal Terminal; And, Transitioning fossil-fuel labour forces into new sectors critical for ‘clean, just energy transitions’ 

Resources Watch
Resources Watch

Mining has a role to play in supporting the global population, says Cutifani

By: Simone Liedtke     3rd February 2021 The global human population – almost nine-billion people – cannot be supported without mining, diversified miner Anglo American CE Mark Cutifani said during a panel discussion at the virtual Investing in African Mining Indaba on February 2. Speaking during an environmental, social and governance-... 

Exxaro no longer investing in thermal coal as it strives for 2050 carbon neutral goal

By: Simone Liedtke     3rd February 2021 Diversified miner Exxaro Resources will no longer invest in thermal coal assets, as this forms part of the company’s transition to becoming carbon neutral by 2050 in terms of Scope 1 and Scope 2 emissions, CEO Mxolisi Mgojo said on February 2. Speaking during an environmental, social and... 

Exxaro no longer investing in thermal coal as it strives for 2050 carbon neutral goal
Exxaro CEO Mxolisi Mgojo

A new coal mine undercuts UK’s claim to climate leadership

By: Bloomberg     3rd February 2021 As the UK prepares to host the next round of major global climate talks in November, Prime Minister Boris Johnson’s government has adopted the most ambitious emissions-reduction goal among large economies. It’s hoping that leading by example will encourage other countries to put forth stronger... 

Glencore reports higher zinc, silver output but lower ferrochrome and copper production 

By: Marleny Arnoldi     3rd February 2021 Global miner Glencore says its mining assets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production. Glencore says Covid-19 and the related mandatory suspensions and restrictions impacted on ferrochrome production in South Africa,... 

Glencore reports higher zinc, silver output but lower ferrochrome and copper production
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

High Court backs OCAA appeal against New Hope coal expansion

By: Esmarie Iannucci     3rd February 2021 The Australian High Court has upheld an appeal by community group Oakey Coal Action Alliance (OCAA) against coal miner New Hope Corporation’s New Acland Stage 3 expansion. The High Court has ruled that the Stage 3 expansion would need to return to the Land Court. The High Court ruling comes... 

High Court backs OCAA appeal against New Hope coal expansion

De Ruyter backs call for lifting of licensing cap on distributed generators to 50 MW  

By: Terence Creamer     2nd February 2021 Eskom CEO Andre de Ruyter says the State-owned utility is fully supportive of moves by large customers to develop distributed generation plants to power their operations, as well as growing calls to lift the licensing threshold from 1 MW to 50 MW so as to accelerate these investments. South... 

De Ruyter backs call for lifting of licensing cap on distributed generators to 50 MW
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Eskom, Sasol rebuffed, Creecy says as she fights pollution suit

By: Bloomberg     2nd February 2021 Environmental Affairs Minister Barbara Creec said she rejected pleas for leniency from senior executives at the country’s two biggest air polluters as she responded to a lawsuit that says her office has breached constitutional rights to clean air. In a 260-page answering affidavit to a lawsuit... 

Coal to exit from US power system by 2033, Morgan Stanley says

By: Bloomberg     2nd February 2021 Coal is on track to disappear from the US power grid by 2033 as the push for a carbon-free electricity system gains strength, according to Morgan Stanley. The fossil fuel will be supplanted largely by renewables, which will supply 39% of US electricity in 2030 and 55% in 2035, according to a... 

Coal to exit from US power system by 2033, Morgan Stanley says

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

‘We need exploration to grow our industry’ – Minerals Council
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Weekly Coal Index Report

1st February 2021 As January rolls off the trading calendar, RB1 levels are shifting down towards $85. However, 2021 looks to be a bumper year for SA coal exports. Most Asian countries are ramping up demand as new coal-fired capacity comes online, whilst countries such as India and Pakistan are experiencing higher... 

Weekly Coal Index Report

Eskom caps 2021 extra-revenue claim at R23bn, but tells court anything less will be ‘disastrous’ 

By: Terence Creamer     29th January 2021 State-owned power utility Eskom indicated during a court hearing on Friday that it would not seek to recover more than R23-billion in additional revenue through the tariff during its 2021/22 financial year, implying that any possible hike implemented on April 1 would be capped at about 15.5%.... 

Eskom caps 2021 extra-revenue claim at R23bn, but tells court anything less will be ‘disastrous’

Contango progresses with activities at Zimbabwe project 

By: Tasneem Bulbulia     29th January 2021 London-listed Contango Holdings has continued to advance the Lubu coking coal project, in Zimbabwe. Despite the 30-day national lockdown that has been in place throughout Zimbabwe since January 5, the company has been able to continue to advance the project, as mining is classified as an... 

Green tech, RBCT make headlines   

29th January 2021 Mining Weekly Editor Martin Creamer unpacks the green technology boost for African Mining, exports for the Richards Bay Coal Terminal have declined for the third consecutive year and the Richards Bay Coal Terminal is improving efficiency to counter ship queuing.   

Green tech, RBCT make headlines
Green tech, RBCT make headlines

MC Mining's sales hold firm

By: Schalk Burger     29th January 2021 Coal exploration, development and mining company MC Mining says its Uitkomst metallurgical and thermal coal mine experienced absenteeism as a result of the impact of the pandemic, which resulted in a 14% year-on-year decline in run-of-mine coal production to 108 945 for the three months ended... 

Contractor learns lockdown lessons

By: Darren Parker     29th January 2021 The main lesson learned over the past year is that, regardless of the challenges and new limitations brought about by the Covid-19 pandemic, good relationships are key to keeping businesses well-enthused and optimistic, says mining services company Basil Read Mining CEO Nathan Williams. “Even... 

Contractor learns lockdown lessons
BIG PLANS Basil Read Mining aims to diversify beyond the commodities it currently works in, while expanding its geographical footprint

Power hike could surge beyond the 10% hinted to by Nersa as Eskom hunts R23bn more in courts  

By: Terence Creamer     28th January 2021 South Africans should brace for power hikes of about 10% this year after the National Energy Regulator of South Africa (Nersa) finalised a court-ordered re-adjudication of Eskom’s previous applications. However, the increase could be materially higher should Eskom prevail in its legal endeavour... 

Power hike could surge beyond the 10% hinted to by Nersa as Eskom hunts R23bn more in courts
Nhlanhla Gumede

Coal wins curious reprieve in Biden’s assault on climate change

By: Bloomberg     28th January 2021 President Joe Biden enlisted the entire US government in the fight against climate change on Wednesday, even telling the Central Intelligence Agency to consider global warming a national security threat. Yet he left out coal -- the fossil fuel most widely blamed for global warming -- when he... 

Coal wins curious reprieve in Biden’s assault on climate change
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