https://www.miningweekly.com
R/€ = 17.15 Change: -0.20
R/$ = 14.31 Change: -0.14
Au 1776.67 $/oz Change: 30.66
Pt 1203.79 $/oz Change: 16.29
 

Coal News

Anglo reports strong fourth-quarter performance at Los Bronces, Minas-Rio

By: Creamer Media Reporter      28th January 2021 The strong performance recovery in the second half of 2020 continued in the fourth quarter of the year, says diversified miner Anglo American CEO Mark Cutifani.  "As expected, second-half production returned to 95% of 2019 rates, benefiting from strong performances in copper at Los Bronces, in... 

Glencore is looking lonely as rivals look to abandon coal business

By: Bloomberg     27th January 2021 Glencore is cutting an increasingly isolated figure as a major coal miner as one by one its biggest rivals look to abandon the most polluting fuel. Russian steelmaker Evraz said Tuesday it was considering options for demerging its coking coal business, five days after Brazilian iron-ore giant... 

Glencore is looking lonely as rivals look to abandon coal business

Global coalition formed to drive net-zero shift in hard-to-decarbonise transport and industrial sectors 

By: Terence Creamer     27th January 2021 A new global partnership has been formally launched in an effort to accelerate the decarbonisation of seven heavy industrial and transport sectors that together represent 30% of global greenhouse-gas emissions and where carbon-abatement pathways have yet to be defined. Known as the ‘Mission... 

Global coalition formed to drive net-zero shift in hard-to-decarbonise transport and industrial sectors

Zululand Anthracite Colliery restarts mining, processing operations

By: Simone Liedtke     27th January 2021 Zululand Anthracite Colliery (ZAC) has restarted mining and processing operations at its operation in KwaZulu-Natal. The mine has been on care and maintenance since President Cyril Ramaphosa’s declaration of the state of national disaster to mitigate the impact of Covid-19 in March 2020. 

Third consecutive year of coal export decline from Richards Bay Coal Terminal  

By: Martin Creamer     27th January 2021 Coal exports from South Africa’s Richards Bay Coal Terminal (RBCT) last year declined for the third consecutive year, with the 70.2-million tons exported to mainly Asia and single-digit percentages to Africa and Europe, taking exports back to what they were in 2013. In 2020, two-million fewer... 

Third consecutive year of coal export decline from Richards Bay Coal Terminal
Richards Bay Coal Terminal’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Four mining companies adopt Mining Local Procurement Reporting Mechanism

By: Donna Slater     27th January 2021 Mining Shared Value (MSV), a nonprofit initiative of Engineers Without Borders Canada, reports that four mining companies have, so far, adopted the Mining Local Procurement Reporting Mechanism (LPRM), with two more confirming their plans to do so shortly. Ivanhoe Mines became the first company... 

Aus coal trade up despite Chinese woes

By: Esmarie Iannucci     27th January 2021 The value of Australia’s coal exports increased by 26% in the month of December, compared with November, despite the ongoing trade tensions with China. Data from the Australian Bureau of Statistics (ABS) has shown that coal exports were worth A$3.7-billion to the Australian economy in the month... 

Aus coal trade up despite Chinese woes

Transitioning fossil-fuel labour forces into new sectors critical for ‘clean, just energy transitions’ 

By: Terence Creamer     26th January 2021 The chair of a new global commission established to offer governments guidance on making their energy transitions more “people-centred” says that the creation of green jobs and the transitioning of existing fossil-fuel labour forces into new sectors will be “key factors for a clean, just energy... 

Transitioning fossil-fuel labour forces into new sectors critical for ‘clean, just energy transitions’
Danish Energy and Climate Minister Dan Jørgensen, who chairs the International Energy Agency’s new global commission on people-centred clean energy transitions, on the need to integrate social justice with the energy transition. Camera Work: Kutlwano Matala. Editing: Nicholas Boyd.

Wescoal CEO resigns, efforts continue to diversify customer base  

By: Marleny Arnoldi     26th January 2021 JSE-listed Wescoal has announced the resignation of Reginald Demana as CEO, citing personal reasons. Demand will step down at the end of June and has committed to assist in an orderly handover of duties, the coal miner said in a statement late on Monday.  

Wescoal CEO resigns, efforts continue to diversify customer base
Reginald Demana has resigned as Wescoal CEO

Eskom approaches court to have R23bn equity injection added back this year 

By: Terence Creamer     26th January 2021 State-owned electricity utility Eskom will make the case later this month for the immediate execution of a High Court order stipulating that an amount of R23-billion stripped unlawfully from its allowable revenue in 2019 by the National Energy Regulator of South Africa be added back during its... 

Eskom approaches court to have R23bn equity injection added back this year

Arnot OpCo plans safe restart of operations with Covid-19 in mind

By: Donna Slater     25th January 2021 Mpumalanga-based coal miner Arnot OpCo is planning the restart of its operations near Middelburg in a safe and controlled manner that takes into account measures to prevent the spread of Covid-19, at a time when South Africa is battling a second wave of infections. The company says it is not... 

Weekly Coal Index Report

25th January 2021 Chinese domestic and Pacific coal markets were substantially lower on the week, as supply and weather constraints eased. However, Europe is now dealing with severe cold weather as power and gas markets have tightened. Prices have soared as renewables fail to perform as hoped in the inclement... 

Weekly Coal Index Report

Contura name change to reflect metallurgical future

By: Mariaan Webb     22nd January 2021 NYSE-listed Contura Energy on Friday announced that it would change its name to Alpha Metallurgical Resources on February 1. The rebranding effort aims to more accurately relects the company's strategic focus on the production of metallurgical coal as a critical feedstock for steel production.... 

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

Biden poised to freeze oil and coal leasing on federal land

Botswana's private coal miner to double output if it wins Eskom contract, says CEO 

By: Reuters     22nd January 2021 Botswana's privately owned coal miner Minergy will double its output by opening a new mine if it wins a contract to supply coal to South Africa's biggest power utility Eskom, its chief executive officer said in a statement on Friday. Minergy was shortlisted to supply to Eskom's Tutuka power... 

Botswana's private coal miner to double output if it wins Eskom contract, says CEO

Brazil's Vale to divest troubled coal assets in Mozambique

By: Reuters     21st January 2021 Brazil’s Vale said on Thursday it is buying out minority stake partner, Japan’s Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050. Vale, the world’s second-biggest iron ore miner, said in a statement it... 

Buffalo appoints new nonexec director

By: Creamer Media Reporter      21st January 2021 South African coal miner Buffalo Coal has appointed Rory Taylor independent nonexecutive director and chairperson of the audit committee with effect from January 22. Taylor, a Canadian resident, is a chartered accountant (South Africa) and seasoned finance executive with a record of capable... 

South32 shelves Eagle Downs; reports strong quarterly production

By: Esmarie Iannucci     21st January 2021 Diversified miner South32 has set a number of production records in the first half of 2021, following a solid December quarter. “This was another period of strong operating performance across our business, with three of our operations setting production records for the half year,” said CEO... 

South32 shelves Eagle Downs; reports strong quarterly production
South32 CEO Graham Kerr

New timeframe considered for New Elk

By: Esmarie Iannucci     20th January 2021 Coal developer Allegiance Coal has raised a further A$2-million through the issue of convertible notes under a A$8-million convertible note arrangement with Mercer Street Global Opportunity fund, to bring forward production at its New Elk mine, Colorado. The total value of funds raised under... 

Project launched to define role of finance in South Africa and India’s ‘just transitions’ 

By: Terence Creamer     19th January 2021 A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just Transition Finance Roadmaps in South Africa... 

 Project launched to define role of finance in South Africa and India’s ‘just transitions’

November mining production down 11.6% y/y

By: Donna Slater     19th January 2021 Statistics South Africa (Stats SA) reports that South Africa’s mining production decreased by 11.6% year-on-year in November, largely owing to iron-ore output having decreased by 35.3%, contributing 3.9 percentage points. Platinum group metals (PGMs) also dragged the industry’s performance down,... 

Weekly Coal Index Report

18th January 2021 Australian coal exporters have pivoted to target India, exporting almost 7 Mt to the country for 2020. With FOB Newcastle trading around $6/mt lower than RB1, this represents a clear threat to SA exporters. The other threat is of course Coal India’s ever-present plans to increase its own domestic... 

Weekly Coal Index Report

Colombian coal miner Drummond production, exports fell in 2020

By: Reuters     18th January 2021 Colombian coal producer Drummond saw production and exports fall 10.3% and 4.4% respectively in 2020, the company said on Friday, amid difficulties caused by the coronavirus pandemic. The coal miner produced 29.3-million tonnes of coal last year, compared with 32.6-million tonnes in 2019.... 

Coal price expected to average $100/t as China turns to South Africa for coal 

By: Martin Creamer     15th January 2021 China is buying South African coal at a time when analysts are forecasting a buoyant average coal price of $100/t for the first half (H1) of 2021. The purchase of South African coal by China follows Chinese relations with Australia deteriorating last year and imports of coal from Australia being... 

Coal price expected to average $100/t as China turns to South Africa for coal
Richards Bay Coal Terminal, from which South African coal is exported.

Edenville agrees revised repayment schedule with Lind

By: Tasneem Bulbulia     15th January 2021 Aim-listed Edenville Energy has agreed a revised repayment schedule with Lind Partners, following constructive dialogue with the company regarding the repayment terms of its outstanding funding agreement with Lind. As announced on October 6, 2020, Lind requested Edenville repay the total... 

Exxaro appoints independent nonexecutive director

By: Donna Slater     15th January 2021 Diversified miner Exxaro’s board of directors has approved the appointment of independent nonexecutive director Chanda Nxumalo, effective February 1. She has 15 years of experience in the renewable energy and power sector, having worked across North America and Europe gaining experience in... 

China may allow imports of some stranded Australian coal cargoes

By: Bloomberg     15th January 2021 China is considering accepting some stranded Australian coal cargoes, an effort that would help ease a logjam of vessels that have stacked up off its coast for months. The shipments that could be cleared are those that arrived before a ban on Australian coal went into effect, said a person... 

China may allow imports of some stranded Australian coal cargoes

Remote health and safety audits gaining traction

By: Halima Frost     15th January 2021 The unprecedented impact of the Covid-19 pandemic has fast-tracked technologies and methodologies across all sectors, especially those pertaining to mining health and safety regulations and compliance, accredited certifications provider JC Auditors compliance specialist Oliver Naidoo tells Mining... 

More sales of South African coal to China expected as prices rise

By: Martin Creamer     14th January 2021 About 600 000 t to 700 000 t of South African coal have already moved to China since the Asian giant ceased accepting coal from Australia and more South African coal sales to China are expected “for sure”, a top trader said in an interview with Mining Weekly. China’s power plants have been... 

More sales of South African coal to China expected as prices rise
Richards Bay Coal Terminal, South Africa's world-class coal export port.

China importing SA coal, PGMs in a greener world make headlines 

14th January 2021 Mining Weekly Editor Martin Creamer unpacks South Africa supplying coal to China, the role of South Africa’s platinum group metals in a greener future and the new project in the North West that is cutting electricity use by 82% and putting platinum into focus.   

China importing SA coal, PGMs in a greener world make headlines
China importing SA coal, PGMs in a greener world make headlines

Eskom says Stage 2 load-shedding to continue until Sunday 

By: Marleny Arnoldi     14th January 2021 State-owned power utility Eskom has advised that Stage 2 load-shedding will be implemented from midday on January 14 through to the end of January 17. Eskom says the load-shedding is necessary owing two tripped generation units at the Kusile power station, as a result of failure of the main coal... 

Eskom says Stage 2 load-shedding to continue until Sunday

Colombia coal miner Cerrejon production, exports fell in 2020

By: Reuters     14th January 2021 Colombian coal miner Cerrejon's production and export levels fell in 2020 due to lower demand, price declines, the impact of the coronavirus pandemic, and a three-month strike which paralyzed operations, the company said on Wednesday. The miner produced 12.4-million tonnes of coal in 2020, down... 

China buying South African coal ‘could be game-changer but we shouldn’t be complacent’ 

By: Martin Creamer     13th January 2021 Normally, China does not import coal from South Africa, but 2021 has seen a shift. Shipments to mainland China were reported on Monday by the African Source Markets’ Weekly Coal Index Report. 

China buying South African coal ‘could be game-changer but we shouldn’t be complacent’
Richards Bay Coal Terminal, the port from which South African coal is exported

There was no alternative to Eskom's R1.68bn prepayment to Tegeta, says Koko Matshela 

By: News24Wire      13th January 2021 Matshela Koko, the former head of generation at Eskom, told the state capture commission of inquiry that there was nothing wrong with a controversial R1.68 billion pre-payment which the power utility made to Gupta-owned Tegeta Exploration and Resources after the company clinched a coal supply... 

There was no alternative to Eskom's R1.68bn prepayment to Tegeta, says Koko Matshela
Photo by Creamer Media
Former Eskom head of generation Matshela Koko

Itochu to exit thermal coal business, sell stakes in mines by March 2024

By: Reuters     13th January 2021 Japanese trading house Itochu said on Wednesday it plans to exit the thermal coal business, selling its stakes in mines in Columbia and Australia by March 2024 as it aims to promote decarbonisation. Itochu's statement was the first confirmation from the company that it would completely withdraw... 

Itochu to exit thermal coal business, sell stakes in mines by March 2024
The Maules Creek mine

Einhorn doubles stake in Consol after coal miner slumped 50%

By: Bloomberg     13th January 2021 Activist investor David Einhorn has doubled his stake in Consol Energy after the coal miner slumped 50% last year. Einhorn’s hedge fund Greenlight Capital and other entities connected to him disclosed a 29% stake in Consol, according to a filing Tuesday. That’s up from 11.8%, making them the... 

Einhorn doubles stake in Consol after coal miner slumped 50%
David Einhorn

Former Eskom manager held 'secret' meetings with Tony Gupta over Tegeta contract

By: News24Wire      12th January 2021 Former Eskom manager, Ayanda Ntetha told the Zondo Commission of Inquiry on Tuesday that she had secret meetings with Tony Gupta at his Saxonwold home to discuss a coal supply contract between the power utility and Tegeta, a mining business owned by the politically connected family. Nteta, who... 

2 3 4 5
6
7 8 9 10
 

Latest News

more

Latest Videos

more

Projects

 
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close