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Coal News

Weekly Coal Index Report

24th May 2021 The G7 nations have come out with a call to end all forms of coal finance. This was clearly a move to pressure China, who is not in the block. It does of course also ramp up pressure internationally on both public and private financiers. However, as our latest research reveals, this could prove... 

Buffalo's quarterly loss narrows

By: Marleny Arnoldi     21st May 2021 TSX- and JSE-listed Buffalo Coal Corporation has posted a net loss of R60.1-million for the three months ended March 31, compared with a net loss of R106-million in the three months ended March 31, 2020. The company reported a normalised headline loss a share of R0.14 apiece in the quarter... 

Exxaro says decarbonisation journey is imperative for growth

By: Marleny Arnoldi     21st May 2021 Although it is predominantly a coal producer, diversified miner Exxaro Resources says it supports the work of the Presidential Climate Change Coordinating Commission to reduce the country’s emissions in the context of overcoming poverty and inequality. “Climate change is one of the most... 

Poland ordered by EU court to halt output at major lignite mine

By: Bloomberg     21st May 2021 Poland may need to shut down a coal-fired power plant supplying 7% of the country’s electricity after the European Court of Justice sided with the Czech Republic’s environmental suit against its northern neighbour. The tribunal ordered Poland’s biggest utility PGE to halt lignite extraction from... 

Poland ordered by EU court to halt output at major lignite mine

Stranded Australian coal cargo arrives in China after 356 days at sea

By: Reuters     21st May 2021 The Jag Anand, stranded off the Chinese coast for 356 days with Australian coal, left the port of Jingtang yesterday after delivering its cargo, according to shipping data analysed by Bloomberg. Chartered by Cargill, the vessel left the port of Gladstone on May 26 last year, laden with 174 000 t... 

Operation Vulindlela ‘close to resolving’ debate on easing path for distributed power projects  

By: Terence Creamer     21st May 2021 Deputy Finance Minister David Masondo reports that Operation Vulindlela is close to resolving an ongoing policy discussion within government on the reforms needed to increase electricity supply “by allowing the private sector to invest more freely in its own generation”. Delivering his Budget... 

Operation Vulindlela ‘close to resolving’ debate on easing path for distributed power projects

Mine fosters symbiosis

By: Claire O'Reilly     21st May 2021 An electrification project, which was started in 2019 during the construction of the Masama coal mine – owned by coal mining and trading company Minergy Coal – in Botswana, has progressed to benefit 500 people in the village of Medie, situated 20 km from the mine.  

MEDIE PRIMARY SCHOOL ASSEMBLY 
Back to school for Medie primary school and back to work for Minergy Coal to provide electricity and computers to learners
MEDIE PRIMARY SCHOOL ASSEMBLY Back to school for Medie primary school and back to work for Minergy Coal to provide electricity and computers to learners

Water preservation essential for mine

By: Claire O'Reilly     21st May 2021 Coal mining and trading company Minergy Coal completed the installation of two-phase water-efficient technology at its Masama coal mine, in Botswana, in March. 

DEWATERING CIRCUIT 
Fine material is pumped to a high frequency dewatering screen to remove excess water, producing manageable dry fine material ready for dispatch
DEWATERING CIRCUIT Fine material is pumped to a high frequency dewatering screen to remove excess water, producing manageable dry fine material ready for dispatch

Numsa, NUM says Eskom fails to 'engage meaningfully' in wage negotiations

By: Donna Slater     20th May 2021 Labour unions the National Union of Metalworkers of South Africa (Numsa) and the National Union of Mineworkers (NUM) on May 20 said State-owned power utility Eskom's management team had refused to "engage meaningfully" in ongoing wage negotiations. In a joint statement, the unions said Eskom was... 

Menar expects first ore from inaugural manganese mine in July   

By: Marleny Arnoldi     20th May 2021 Mining investment firm Menar has officially launched its first-to-portfolio manganese mine, East Manganese, in Hotazel, in the Northern Cape. MD Vuslat Bayoğlu expects the mine to produce its first ore in July and to ramp up to nameplate capacity of processing 30 000 t a month of ore by August.  

Menar's East Manganese mine, in Hotazel, Northern Cape
Menar MD Vuslat Bayoğlu discusses the company's new East Manganese mine

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.

Judge to rule after South Africa sued over Sasol, Eskom pollution

By: Bloomberg     20th May 2021 A judge is set to rule after the first ever case filed against the government over its alleged failure to crack down on air pollution emitted by power plants operated by Eskom Holdings and refineries owned by Sasol. The case was filed in the Pretoria High Court by groundWork, an... 

Judge to rule after South Africa sued over Sasol, Eskom pollution

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

China says it will stabilise commodity market, step up trade and stockpiling adjustment

By: Reuters     19th May 2021 China will strengthen management of both supply and demand sides to curb "unreasonable" increases in commodity prices and prevent the pass-through to consumers, the country's cabinet said on Wednesday, according to a report by state broadcaster CCTV. Prices for commodities such as steel,... 

China says it will stabilise commodity market, step up trade and stockpiling adjustment

Once key to the economy, Bosnia's coal mines face closure

By: Reuters     19th May 2021 Fourth-generation miner Adis Genga says he and his co-workers would join a general strike at Bosnian coal mines if miners are forced to leave their jobs under unfavourable conditions, knowing their days of staging industrial action are numbered. Within a decade, Genga, 37, and other workers from... 

Mining industry had the biggest influence on GDP decline with onslaught of Covid-19 – Mantashe 

By: Donna Slater     18th May 2021 Disruptions brought about by the onset of the Covid-19 pandemic in South Africa early last year resulted in the mining industry being the largest contributor to economic decline with its negative growth of 21.5%, Minerals Resources and Energy Minister Gwede Mantashe said on May 18. Presenting his... 

Mantashe again swats away calls for 50 MW licence-exemption cap on distributed plants  

By: Terence Creamer     18th May 2021 Mineral Resources and Energy Minister Gwede Mantashe has again swatted aside calls for a 50 MW licence-exemption threshold for distributed-generation plants, describing such calls, which have been made by organised business and even endorsed by Eskom, as “academic” in light of a departmental... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Asian demand for South African export coal remains strong – Seriti 

By: Martin Creamer     18th May 2021 Seriti Resources, which will take over South African Energy Coal (SAEC) from South32 on June 1, is particularly excited about the opportunity as the Seriti group to start now exporting coal in addition to continuing to support coal flows into Eskom. “We note that Asian demand for South African... 

Doug Gain
Doug Gain

No place for new coal in $5tr/y transition to net-zero by 2050 – IEA study 

By: Terence Creamer     18th May 2021 A new and far-reaching study of how to transition the global energy system to one with net-zero carbon emissions by 2050 highlights the need for a dramatic acceleration in the pace and scale of renewable-energy and grid investment, while simultaneously halting new fossil-fuel supply projects and... 

No place for new coal in $5tr/y transition to net-zero by 2050 – IEA study

SAEC name change to Seriti Power signals coal miner’s new broader energy vision   

By: Martin Creamer     17th May 2021 The change of name of South African Energy Coal (SAEC) to Seriti Power when South32’s coal assets become absorbed into Seriti Resources from June is indicative of Sereti Resources seeing opportunities in general energy beyond coal, CEO Mike Teke said on Monday. SAEC is the name that the ASX- and... 

Seriti Resources CEO Mike Teke
Seriti CEO Mike Teke interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Weekly Coal Index Report

17th May 2021 Another wild week as the coal market continues to soar. Chinese domestic prices rallied and then softened significantly, although it was FOB Newcastle prices that were most affected by the turnaround. Physical Richards Bay continues to trade robustly as demand remains strong. A little rand... 

Weekly Coal Index Report

Eskom approves higher Duvha coal price, facilitating South32 mine sale to Seriti  

By: Terence Creamer     17th May 2021 State-owned electricity producer Eskom confirmed on Monday that the Duvha coal supply agreement (CSA) had been increased to facilitate the sale of South32’s majority shareholding in South32 SA Energy Coal Holdings (SAEC) to black-owned resources group Seriti. The utility also announced that the... 

Eskom CEO Andre de Ruyter
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CEO Andre de Ruyter

South32's coal deal declared unconditional

By: Esmarie Iannucci     17th May 2021 Diversified miner South32’s sale of its South African Energy Coal division has been declared unconditional, after all conditions precedent to the transaction were satisfied. The miner in November 2019 struck an agreement with a wholly-owned subsidiary of Seriti Resources Holdings, to divest of... 

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

An innovation for cleaner, safer vehicles initiative has been introduced.
An innovation for cleaner, safer vehicles initiative has been introduced.

Investors are stewarding gradual move to decarbonisation in emerging markets 

By: Marleny Arnoldi     14th May 2021 Investment manager Old Mutual Investment Group responsible investment head Jon Duncan tells Mining Weekly that, while the mining industry cannot ignore the global climate change context, which in part is driving international divestment from the likes of coal miners Exxaro and Anglo American, the... 

Investors are stewarding gradual move to decarbonisation in emerging markets

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia     13th May 2021 Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... 

Mining production, sales increase year-on-year in March

Australian coal miners flag finance, insurance difficulties

By: Reuters     13th May 2021 Australia's coal industry is suffering from dwindling access to finance and insurance that is raising the costs of doing business and threatening the longevity of the an industry that accounts for the country's second-most-valuable exports, submissions to a parliamentary inquiry showed. In... 

Australian coal miners flag finance, insurance difficulties

KGHM plans to sell its smaller mines outside Poland

By: Reuters     13th May 2021 Poland's KGHM, which is one of the world's biggest copper and silver producers, plans to sell its smaller mines outside Poland, including Carlota in the United States, company representatives said on Thursday. "We decided that the smaller mines do not fit in our portfolio. It seems that now is... 

IFC could fund controversial gas-power ships in South Africa

By: Bloomberg     12th May 2021 The World Bank’s International Finance Corporation (IFC) said it expressed interest in funding bidders in a South African tender for emergency power provision, including a Turkish supplier of gas-fired power plants on ships, putting it on course for a clash with climate activists. Karpowership,... 

China Energy to source at least 5Mt Mongolian coking coal from Jiayou International

By: Reuters     12th May 2021 China's Jiayou International Logistics said on Wednesday that its unit has signed agreement with China Energy Investment Corporation's affiliate to supply at least five-million tonnes of coking coal till the end of 2026. The materials will be shipped from Mongolia, Jiayou said in a statement on... 

Anglo says technology integral to its sustainability 

By: Schalk Burger     12th May 2021 Diversified mining multinational Anglo American on May 11 provided a detailed overview and update of the technologies that are being developed and deployed group-wide, as well as the impact of its operating model changes, to sustain and improve its operations. “Technology and innovation are... 

Anglo American technical director Tony O'Neill
Anglo American technical director Tony O'Neill

Coronado to face court over fatality

By: Esmarie Iannucci     11th May 2021 Coal miner Coronado Global Resources is facing court charges over a fatality at its Curragh mine, in Queensland, which occurred in January of last year. An employee of contractor Thiess was critically injured last year after becoming trapped in machinery at the mine. 

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire  

By: Donna Slater     10th May 2021 After 22 years with the Wits School of Mining Engineering, Wits Mining Institute director Professor Fred Cawood is planning to retire at the end of May, starting what he calls his “second life” at the age of 60. He explains that the theory behind a “second life” is based on Japanese work ethics... 

Wits Mining Institute director Professor Fred Cawood
Colleagues wish Wits Mining Institute director Professor Fred Cawood farewell as he retires after serving 22 years in mining education

Weekly Coal Index Report

10th May 2021 As the coal market rallies once more, Anglo Coal’s “Thungela” is about to see the light of day. It will no doubt act as a proxy for a pure-play tier one South African coal producer. Will shareholders abandon it as a dirty, unloved orphan, preferring the bright lights and promise of clean energy?... 

Weekly Coal Index Report

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge 

By: Terence Creamer     10th May 2021 The National Energy Regulator of South Africa announced on Monday that it would oppose an Eskom High Court application seeking to review and set aside the Energy Regulator’s latest regulatory clearing account determination. In an unusual step, the regulator also urged other stakeholders to join... 

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge

Eskom places senior coal procurement manager on suspension

By: Creamer Media Reporter      7th May 2021 Power utility Eskom has placed a senior manager in its coal procurement division on preliminary suspension, citing alleged corruption. This follows a whistle-blower tip-off to Eskom. 

Moranbah North restart targeted for May

By: Esmarie Iannucci     7th May 2021 Major Anglo American has begun re-entry into its Moranbah North coal mine, in Queensland, following approval from the Resources Safety & Health Queensland (RSHQ). The miner in February this year undertook the controlled withdrawal of staff at the mine following a change in underground... 

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