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Coal

MC Mining receives off-market cash takeover proposal
8th March 2024 By: Sabrina Jardim

Coal miner MC Mining’s share price on the JSE rose by more than 6% on March 8, after announced that it had received a letter from fellow coal miner Vulcan Resources outlining a non-binding proposal... 


China coal group says peak demand imminent as clean power grows
China coal group says peak demand imminent as clean power grows
8th March 2024 By: Bloomberg

China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the... 


Whitehaven’s metallurgical coal acquisition unconditional
Whitehaven’s metallurgical coal acquisition unconditional
8th March 2024 By: Creamer Media Reporter

Australian coal miner Whitehaven is on track to double the size of its business and transforming the company into a leading metallurgical coal producer. The ASX-listed miner has satisfied all... 


China coal imports seen flat in 2024, State-run utility says
8th March 2024 By: Bloomberg

China's coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a State-run utility said on... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand
7th March 2024 By: Darren Parker

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 


Kendal power station
Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025
6th March 2024 By: Terence Creamer

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 


China’s top coking coal miner calls on State to control supply
6th March 2024 By: Bloomberg

China’s coking coal industry needs more state protection, including restrictions on supply, according to the chairman of the biggest miner. Beijing should control mining activity, limit output and... 


Menar MD Vuslat Bayoglu
South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when... 


Kusile stack
Eskom says it is on track for permanent repair of Kusile stack by December
5th March 2024 By: Terence Creamer

Eskom insists it is on track to complete the repairs to the ducts in the west stack at the Kusile power station by December 2024, ahead of the March 31, 2025, deadline set by the Department of... 


Coal mining
MC Mining commissions independent report to further investigate Goldway offer
4th March 2024 By: Marleny Arnoldi

Further to MC Mining’s Independent Board Committee last week recommending that shareholders not accept a takeover offer from Goldway Capital Investment, MC Mining has released its formal target... 


Coal station
Assessment of Eskom coal fleet warns ‘fixation on the EAF is a dead end’
1st March 2024 By: Terence Creamer

An expert assessment of the state of Eskom’s 14 coal-fired power stations conducted between March and May 2023 describes the prevailing “fixation” on the coal fleet’s energy availability factor... 


New US sanctions more likely to curb Indian imports of Russian coal, traders say
1st March 2024 By: Reuters

New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of... 


An image of Selim Kayak
Clean-coal technology highlighted
1st March 2024 By: Lumkile Nkomfe

Deploying technology in the fossil fuels mining and consumption industries can accelerate innovative practices that are less harmful to the environment, consequently ensuring that coal is used... 


An image of a mining plant
Filter press aids in water sustainability
1st March 2024 By: Lumkile Nkomfe

Coal exploration and mining company Canyon Coal reports that its newly commissioned 40 t/h filter press at its Mpumalanga-based Gugulethu mine is assisting in improving its sustainable use of... 


South African researchers trawl through death records to assess coal impact
29th February 2024 By: Bloomberg

South African scientists plan to examine about 8.5-million death certificates to ascertain how many people the country’s dependence on coal for electricity is killing. The review is the first of... 


Coal stockpiles at the Richards Bay Coal Terminal in South Africa
Indonesia, South Africa aim to regain lost share in Indian coal market
29th February 2024 By: Reuters

Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second... 


TFR train
Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan
29th February 2024 By: Terence Creamer

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility... 


South32 CEO Graham Kerr
South32 exits coal with Australia’s Illawarra sale
29th February 2024 By: Mariaan Webb

Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that... 


Vanggatfontein Colliery
Another Salungano subsidiary enters business rescue
27th February 2024 By: Marleny Arnoldi

JSE-listed Salungano Group has advised that its indirect subsidiary Keaton Mining has filed for business rescue. Keaton Energy Holdings, which is a wholly-owned subsidiary of Salungano and the... 


Lineworkers work on a high-voltage powerline
Settling on funding solutions for expedited grid infrastructure set as a Just Energy Transition Investment Plan priority
27th February 2024 By: Terence Creamer

Finalising funding solutions for the expedited expansion of South Africa’s electricity transmission grid has been identified as a key priority for the Just Energy Transition (JET) project... 


China’s top coal miner cuts production target for 2024
27th February 2024 By: Bloomberg

China Shenhua Energy Co., the nation’s top coal producer, has set a lower output target for 2024, as Chinese miners ratchet back operations amid a glut of the fuel. The firm plans to cut annual... 


Sasol CEO Fleetwood Grobler
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip
26th February 2024 By: Terence Creamer

Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the... 


screens showing commodity stock exchanges
Disappointing results from world’s top miners highlight market challenges, Tickmill says
26th February 2024 By: Darren Parker

The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results... 


Fortescue CEO Andrew Forrest
Billionaire Forrest backs carbon levy on Australia fossil fuels
26th February 2024 By: Bloomberg

Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s... 


A Sasol sign at its Secunda plant
Sasol reports 34% decline in half-year profit
26th February 2024 By: Reuters

Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals... 


The loan seeks to refinance a bridge loan to back the acquisition of the Daunia and Blackwater (pictured) coal mines in Queensland from BHP.
Private credit dominates Whitehaven Coal's $1.1bn loan
26th February 2024 By: Bloomberg

Australian coal firm Whitehaven Coal drew 17 private credit providers and one bank for a $1.1-billion loan to buy two mines, the latest example of direct lenders benefiting from banks’ tighter... 


Fish being released into the Loskop Dam Nature Reserve
Thungela launches fish breeding facility in Mpumalanga
23rd February 2024 By: Tasneem Bulbulia

Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore... 


Coal load and haul operations
Thungela warns of lower earnings on back of Ensham deal
23rd February 2024 By: Marleny Arnoldi

JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,... 


Vale fourth-quarter profit falls 35% on higher provisions over dam accident
Vale fourth-quarter profit falls 35% on higher provisions over dam accident
23rd February 2024 By: Reuters

Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and... 


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