R/€ = 17.19 Change: 0.07
R/$ = 14.77 Change: 0.05
Au 1793.03 $/oz Change: -1.09
Pt 1043.50 $/oz Change: -19.00

Coal News

Thungela speedy in putting R6m into trust for communities around its coal mines  

By: Martin Creamer     16th August 2021 With the new Thungela Resources only months old, the JSE- and London-listed coal mining company has already put an initial R6-million into a trust for the benefit of the communities living around its coal mining operations. The first distribution to the Community Partnership Plan was made on June... 

Sasol’s new 2030 and 2050 decarbonisation targets to be ‘substantially higher’ 

By: Terence Creamer     16th August 2021 South Africa’s carbon-heavy fuels and chemicals group Sasol is poised to announce a “substantially higher” target for the reduction of its greenhouse-gas emissions following an intensive period of financial and organisational restructuring during its 2021 financial year. The JSE-listed group took... 

Photo of Sasol CEO Fleetwood Grobler
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Weekly Coal Index Report

16th August 2021 If South African coal exporters are buzzing with excitement at spot prices of around $140/t, they are surely eyeing their Australian counterparts with sweaty palms. At just over $170/t, Newcastle is near its record highs, whilst Indonesian coal, favoured by China after its Australian ban, has... 

An image of the spot coal prices for July and August

Benga seeks judicial review of Grassy Mountain rejection

By: Creamer Media Reporter      16th August 2021 Benga Mining, a unit of Australian billionaire Gina Rinehart’s Hancock Prospecting, has applied to the Federal Court of Canada for a judicial review of the rejection of the $800-million Grassy Mountain steelmaking coal mine that it plans to build in the Rocky Mountains of Alberta. Benga has... 

An image of the sign to Crow's Nest in Alberta, Canada.

Covid reported at Allegiance's New Elk mine

By: Esmarie Iannucci     16th August 2021 Production at the New Elk coal mine, in Colorado, is continuing, albeit at a reduced pace, said ASX-listed Allegiance Coal. The miner on Monday confirmed that three cases of Covid-19 had been reported at the site, where two production units were currently operating. 

Thungela confident Transnet rail challenge is transient  

By: Martin Creamer     13th August 2021 New coal mining company Thungela Resources said on Friday that it remained confident that the Transnet Freight Rail (TFR) challenge is transient. Similar to the rest of the coal-mining industry, Thungela has faced a sustained period of underperformance by TFR. 

Screenshot of Thungela FD Deon Smith during august 2021 results.
Thungela results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Richards Bay power outage affects TFR's services

By: Schalk Burger     13th August 2021 A power outage which occurred in the City of uMhlathuze, or Richards Bay, between the afternoon of August 12 and the early hours of August 13 has impacted on State-owned Transnet Freight Rail’s (TFR's) services in the area. The outage meant that the Richards Bay Coal Terminal was unable to... 

China’s green ambitions aren’t halting new coal and steel plans

By: Bloomberg     13th August 2021 China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions. State-owned firms proposed 43 new coal-fired generators and 18 new blast furnaces in the first half of 2021, the Centre for Research on Energy and... 

BHP signs historic Native Title deal at South Walker

By: Esmarie Iannucci     13th August 2021 Diversified miner BHP has inked an historic agreement at its South Walker Creek coal mine, in Central Queensland, to provide inter-generational benefits to the Barada Barna people. The Barada Barna Aboriginal Corporation (BBAC), on behalf of the Barada Barna people, have entered into a Native... 

Chinese tensions costing Australia billions - report

13th August 2021 A new report from the University of Adelaide’s Institute for International Trade (IIT) has found that Australia had lost an estimated $4.9-billion in revenue to the Chinese market between July 2020 and February 2021, as a result of China’s restrictions on Australian goods. The report, titled... 

Image depicts the shadow of a man behind the Chinese flag

Thermal coal price recovery buoys Thungela maiden interim  

By: Martin Creamer     13th August 2021 New coal mining company Thungela Resources on Friday reported interim results for the six months ended June 30 after one month of operating as an independent business. Thungela generated half-year operating profit of R990-million, adjusted earnings before interest, taxes, depreciation and... 

Picutre of Thungel CEO provided by Thungela
Thungela CEO July Ndlovu

Jameson optimises Crown Mountain output

By: Esmarie Iannucci     13th August 2021 A yield optimisation study for the Crown Mountain coking coal project, in British Columbia, has increased anticipated production from the 1.7-million tonnes a year considered in the bankable feasibility study (BFS) to 1.96-million tonnes a year. ASX-listed Jameson Resources on Friday said that... 

An image of drilling at the Crown Mountain site in British Columbia.

Arnot Opco enters into coal supply agreement with Eskom

By: Donna Slater     12th August 2021 JSE-listed coal miner Wescoal reports that Arnot Opco, in which it holds a 50% stake, has entered into a long-term coal supply agreement (CSA) with State-owned power utility Eskom to supply coal from the Arnot mine, in Middelburg, Mpumalanga, for the next ten years. The CSA marks the conclusion... 

Exxaro ups coal volume at risk owing to Transnet challenges to three-million tonnes  

By: Martin Creamer     12th August 2021 Based on current performance, coal-mining company Exxaro has upped the second half of the year volume of coal at delivery risk, owing the ongoing Transnet Freight Rail (TFR) challenges, to three-million tonnes. “Previously we have highlighted what we believe will be the amount of volumes that... 

Screenshot taken during Exxaro Aug 2021 presentation
Exxaro half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Coal miner Exxaro to spell out decarbonisation strategy on Sept 20  

By: Martin Creamer     12th August 2021 The investment by diversified coal, energy and ferrous resources group Exxaro Resources in the renewable energy company Cennergi will further support the company’s decarbonisation strategy, Exxaro CEO Mxolisi Mgojo said when the JSE-listed company reported sterling half-year financial results... 

Screenshot of Exxaro CEO during presentation of half-year 2021 results.
Exxaro half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Exxaro ups interim dividend on higher half-year income inflows

By: Martin Creamer     12th August 2021 Diversified coal, energy and ferrous resources group Exxaro on Thursday announced a substantially higher interim dividend on iron-ore boosted half-year income inflows in the six months to June 30. Headline earnings leapt 105% to R6 804-million on the 180% increase to R4 062-million in... 

Image of a wind farm deveoped by Exxaro's Cennegi.
Photo by Creamer Media
Exxaro's renewable energy business Cennergi helped to lift half-year revenue.

Thiess wins major contract extension

By: Esmarie Iannucci     12th August 2021 Mining contractor Thiess has been awarded a A$920-million extension by MACH Energy Australia to continue providing mining services at the Mount Pleasant coal operation, in the Hunter Valley. The contract extension would run for a period of four-and-a-half years, and would see Thiess continue to... 

South Africa needs to commit to transitioning to net-zero by 2050 – report 

By: Simone Liedtke     11th August 2021 As a country with one of the most emissions-intensive power sectors in the world, and as a nation that is particularly vulnerable to the impacts of climate change, South Africa needs to commit to find ways to transition to a net-zero emission economy by 2050, National Business Initiative (NBI)... 

South Africa needs to commit to transitioning to net-zero by 2050 – report

Brazil offers lifeline to coal after UN calls for ‘death knell’

By: Bloomberg     11th August 2021 Brazil is offering a lifeline to its coal industry even as the world’s scientists make it crystal clear that fossil fuel use must stop to avoid the worst effects of climate change. Brazil’s Mines and Energy Ministry on Monday published details of a new program that would support the coal sector... 

Exxaro expects up to 111% increase in interim HEPS

By: Marleny Arnoldi     10th August 2021 JSE-listed diversified miner Exxaro Resources expects to report a between 99% and 111% year-on-year increase in headline earnings per share (HEPS) for the six months ended June 30, to between R26.32 and R27.92. That compares with the HEPS of R13.21 posted for the prior comparable six months.  

Iron-ore/coal need to change for lower carbon steel - Woodmac

10th August 2021 Advisory firm Wood Mackenzie (Woodmac) this week noted that carbon emissions in the steel sector would need to fall by 75% from current levels in order to limit global warming to within 2 °C. This means reducing global steel emissions from over 3 000-million tonnes of carbon dioxide (CO2)... 

A truck transporting iron-ore in Australia

Explosion damages Medupi's Unit 4

By: Creamer Media Reporter      9th August 2021 Power utility Eskom has confirmed that an explosion at the Medupi power station's Unit 4 generator on August 8 has resulted in extensive damage to the generator. Unit 4 had been on a short-term outage since August 6 and the explosion occurred during the displacement of hydrogen with carbon... 

Major new climate report puts pressure on COP26 to ‘consign coal to history’

By: Bloomberg     9th August 2021 A landmark report by climate change scientists released Monday is expected to ratchet up the pressure on world leaders to rapidly end the use of polluting fossil fuels. Some of the most important readers of the 3 949-page report by the United Nations-backed Intergovernmental Panel on Climate... 

A coal-fired power station owned and operated by South African power utility Eskom

Canada blocks proposed Rocky Mountain coal mine on environmental grounds

By: Reuters     7th August 2021 Canada on Friday formally blocked a proposal to build a steelmaking coal mine in the Rocky Mountains of Alberta, citing what it said would be the significant environmental damage. The decision did not come as a surprise since energy regulators last month said the Grassy Mountain project,... 

An image of Environment Minister Jonathan Wilkinson
Environment Minister Jonathan Wilkinson

Buffalo subsidiary granted enviro approval for proposed new coal mine

By: Marleny Arnoldi     6th August 2021 TSX- and JSE-listed Buffalo Corporation indirect subsidiary Zinoju Coal’s has received environmental authorisation for its Balgray colliery refurbishment project, in South Africa’s KwaZulu-Natal province. Buffalo says in a statement issued on August 6 that the authorisation brings the project one... 

Ferrochrome is part of the green revolution – Glencore 

By: Martin Creamer     6th August 2021 Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently. “We've seen very healthy ferrochrome prices and good cash generation in that business,” Glencore CEO Gary Nagle said. 

An image showing wind turbines in Canada
Glencore, which uses wind turbine generated energy in Canada and Australia, is looking to also do so in South Africa.

New Women in Mining initiative to launch soon

6th August 2021 Coal mining company Kangra, a subsidiary of mining investment company Menar, located in Saul Mkhizeville, in Mpumalanga is currently establishing a new Women in Mining (WIM) initiative to further empower and safeguard women at the mine. Kangra human resources (HR) officer Buhle Nzuza explains... 

An image of Phalanndwa Colliery ADT operator Nonhlanhla Maseko
NONHLANHLA MASEKO Operating an ADT is tough, but can be greatly rewarding

Glencore top-up lifts planned shareholder returns to $2.8-billion 

By: Martin Creamer     5th August 2021 Diversified mining and marketing company Glencore on Thursday announced additional shareholder returns, comprising a $0.5-billion special cash distribution for payment in September and a $650-million share buyback to be completed by the release of full-year results next year. This overall top-up... 

A picture of Gary Nagle, who has taken over from Ivan Glasenberg as CEO of Glencore.
Glencore CEO Gary Nagle

China will restart coal mines as power demand surges

By: Bloomberg     5th August 2021 China’s top planning authority authorized more shuttered coal mines to restart production as key policymakers seek to balance progress on climate goals against still surging power demand. Operations will restart for a year at 15 coal mines across northern provinces including Shanxi and the... 

China will restart coal mines as power demand surges

Delaying emissions reduction will cost more down the line, climate commission director warns 

By: Terence Creamer     5th August 2021 Presidential Climate Commission executive director Dr Crispian Olver says delaying South Africa’s transition away from coal will only add to the final adjustment costs and will also place the domestic business sector at a competitive disadvantage as other countries implement measures to restrict... 

Photo of coal mining in the foreground with an Eskom power station in the background
Photo by Creamer Media
Coal mining in the foreground with an Eskom power station in the background

Sasol donates R10m to help rebuild businesses, communities affected by unrest

By: Creamer Media Reporter      5th August 2021 Energy and chemicals company Sasol has committed R10-million to help rebuild businesses and communities that have been devastated by the recent unrest in KwaZulu-Natal and Gauteng.  The funds were raised through corporate donation, employee giving mobilisation and small, medium-sized and... 

Australia resource exports deliver new record

By: Esmarie Iannucci     5th August 2021 The Australian Bureau of Statistics (ABS) on Thursday announced a trade surplus of A$10.4-billion in June, up A$1.2-billion on the surplus recorded for May, while the resources sector has set new records for total export value and a range of mineral commodities in the 2020/21 financial year.... 

Image depicts a ship loading ore at the Port of Port Hedland

Consol restarts West Virginia metallurgical coal project

By: Mariaan Webb     4th August 2021 US coal miner Consol on Tuesday announced that it would recommence work on the Itmann metallurgical coal project, in West Virginia, committing to move forward with the construction of a coal preparation facility that would start up in 2022. The development of the Ittman mine project, a low-vol... 

An image of a miner walking at a coal mine.

Winchester South EIS opens for comment

By: Esmarie Iannucci     4th August 2021 The Queensland government has encouraged submissions on the draft environmental impact statement (EIS) for ASX-listed Whitehaven Coal’s A$1-billion Winchester South metallurgical coal mine. At full capacity the mine is targeting run-of-mine production of up to 17-million tonnes a year of coal to... 

Disused coal mines have potential to heat homes with lower-carbon energy

By: Donna Slater     3rd August 2021 The UK Coal Authority posits that water from flooded coal mines has the potential to be used in the heating of UK homes and industry as a source of lower-carbon energy. In a December 2020 report, the authority states that mines are warmed by natural geothermal processes and, where the mines are... 

Coal-reliant South Africa is turning to gas power

By: Bloomberg     3rd August 2021 Power failures have become routine in South Africa. At the same time, the country wants to wean itself off the coal that generates more than 80% of its electricity and makes it the world’s ­twelfth‑biggest source of greenhouse gases. Most of South Africa’s power stations are near the end of their... 

Hydrogen plan isn’t very green under US infrastructure deal

By: Bloomberg     2nd August 2021 Building a hydrogen-based energy system in the US, which some analysts call key to fighting climate change, would be based largely on fossil fuels under the bipartisan infrastructure bill heading for a Senate vote. The legislation provides for $8 billion in spending to establish at least four... 

Hydrogen plan isn’t very green under US infrastructure deal
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