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Coal News

100 MW reform ‘precursor’ to new market-driven electricity supply industry – De Ruyter 

By: Terence Creamer     18th June 2021 Eskom CEO Andre de Ruyter has described the decision to lift the licence-exemption cap on own- or embedded-generation plants from 1 MW to 100 MW as not only positive for addressing South Africa’s immediate electricity shortages, but also as “the precursor to the development of a new electricity... 

Seriti hands over primary healthcare centre to Rockdale community

By: Tasneem Bulbulia     18th June 2021 Coal mining company Seriti Power on June 18 handed over the 24-hour Rockdale community healthcare centre, in the Steve Tshwete local municipality, to the Mpumalanga Department of Health. The centre, which is already operational, was built at a cost of more than R34-million and forms part of... 

Wescoal expects to report narrowed losses for 2021 full-year

By: Donna Slater     18th June 2021 JSE-listed coal miner Wescoal says it expects to report a headline loss a share of between 2.5c and 3.2c for the financial year ended March 31. This compares with a headline loss a share of 32.67c reported for the prior financial year.  

Sasol able to produce green hydrogen within 24 months – CEO   

By: Martin Creamer     17th June 2021 Synthetic fuels and chemicals company Sasol is in a position to be able to produce green hydrogen within the next 24 months, Sasol CEO Fleetwood Grobler said on Thursday. Grobler was responding to Absa group industrials research head Christina Steyn, who moderated an SA Tomorrow panel discussion... 

From top left, clockwise, Christina Steyn, Natascha Viljoen, Dmitri Bessarabov and Fleetwood Grobler
JSE hydrogen panel discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Kibo Energy seeks to sell coal assets as its focus shifts to renewables

By: Simone Liedtke     17th June 2021 Africa and UK-focused energy company Kibo Energy’s primary focus going forward will be on renewable energy opportunities, part of which will see Kibo jointly develop a portfolio of waste-to-energy projects in South Africa. Kibo, therefore, intends to appoint specialist advisers to assist it in... 

Canada steelmaking coal projects face federal review over selenium concerns

By: Mariaan Webb     17th June 2021 Environment and Climate Change Minister Jonathan Wilkinson has said he will designate metallurgical coal mine exploration and development projects in south-west Alberta for a federal impact assessment. This is to determine how these projects would affect federal jurisdictions, especially the... 

Environment and Climate Change Minister Jonathan Wilkinson
Environment and Climate Change Minister Jonathan Wilkinson

Australian energy powering the world - report

By: Esmarie Iannucci     17th June 2021 PERTH (miningweekly.com) – Geoscience Australia’s snapshot of the nation's energy resources has reaffirmed Australia’s abundance of world class energy resources and role as a globally significant energy commodity producer, with energy export earnings contributing more than A$130-billion to the... 

Australian energy powering the world - report

Whitehaven amends production expectations

By: Esmarie Iannucci     17th June 2021 Coal miner Whitehaven Coal has lowered its run-of-mine (ROM) production expectations for the full 2021 financial year, on the back of planned downtime at its Narrabri mine, in New South Wales. Full year ROM production is now expected to reach 20.4-million tonnes, down from the previous estimate... 

Large methane leak detected over South Africa coal mining region

By: Bloomberg     16th June 2021 A cloud of methane was detected by satellite near coal mines in South Africa, drawing attention to a lesser-known environmental risk that comes from using the dirtiest fossil fuel. The potent greenhouse gas — methane traps roughly 84 times more heat than carbon dioxide in its first two decades in... 

Large methane leak detected over South Africa coal mining region

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

S&P raises Exxaro’s rating based on continuing stable performances

By: Simone Liedtke     15th June 2021 Global ratings agency S&P has raised South Africa-based coal miner Exxaro Resources’ national scale ratings to ‘zaA/zaA-1’, from ‘zaA-/zaA-2’, based on the miner continuing to deliver stable operational and financial performances. However, while the miner has maintained its earnings before... 

Global stock-taking report points to only modest renewables gains in total final energy consumption 

By: Terence Creamer     15th June 2021 A new international stock-take of the global transition to renewable energy highlights an “alarming gap between targets and actions” with the share of fossil fuels in energy consumption failing to decrease for the tenth consecutive year in 2020, despite a 4% Covid-linked fall in demand. Published... 

Global stock-taking report points to only modest renewables gains in total final energy consumption

VW CEO chides G7 Leaders for failing to set coal phase-out date

By: Bloomberg     15th June 2021 Volkswagen’s CEO criticized Group of Seven (G7) leaders for failing to set a firm date to phase out coal power, saying it’s senseless to let electric vehicles run on dirty energy. “That’s not enough, @G7. Disappointing outcome,” VW CEO Herbert Diess tweeted Tuesday. “We need to exit coal much... 

NUM to march next month over rising unemployment in Mpumalanga

By: Simone Liedtke     15th June 2021 The National Union of Mineworkers (NUM) Highveld Region is preparing to march against continued retrenchments, outsourcing, use of labour brokers and the increasing unemployment rate in the Mpumalanga province. The march, to be held on July 15, will be targeted at State-owned utility Eskom, as... 

Reinvestment in South Africa needed to ‘plant the seeds’ for a better future, says Exxaro 

By: Simone Liedtke     15th June 2021 Reinvestment is needed to “plant the seeds” and create a better future for South Africa, says diversified miner Exxaro Resources projects and technology executive head Johan Meyer. This is especially critical considering that Covid-19 has made it more challenging to secure investments, but also... 

Reinvestment in South Africa needed to ‘plant the seeds’ for a better future, says Exxaro

South African coal supply to fall off coal cliff from 2025 onwards – Jones 

By: Martin Creamer     14th June 2021 South African coal supply is set to fall off a coal-cliff from 2025 onwards, African Source Markets CEO Bevan Jones said on Monday. In response to Mining Weekly, Jones cited the three main factors that would cause South African coal supply to plummet as: 

Coal stockpiling at Mpumalanga coal mine.
Coal stockpiling at Mpumalanga coal mine.

Tanzania to add gold to reserves, resume $3bn iron project

By: Bloomberg     14th June 2021 Tanzania launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves. The Mwanza Precious Metal Refinery is able to process 480 kg of gold a day and plans to double the capacity in a few months, Tanzanian President Samia Suluhu Hassan said in a... 

Weekly Coal Index Report

14th June 2021 Prices continue to surge, with Australian coal leading the charge. Physical cargoes are trading at significant premiums to paper levels, as China has sent officials to inspect coal inventories and crack down on illicit hoarding at several ports. 

Weekly Coal Index Report

Australian coal outperforming competitors - MCA

By: Esmarie Iannucci     14th June 2021 A new report by the Minerals Council of Australia (MCA) has noted that Australia’s thermal coal industry holds a number of key advantages over competition in the international export market, which could assist in securing the resource future in a low-carbon economy. In its report' Australian... 

New federal policy makes it harder to develop Canada thermal coal projects

By: Mariaan Webb     14th June 2021 The Canadian government on Friday announced its thermal coal mining policy, which will make it harder for new thermal coal mining and expansion projects to be approved. The government considers that any new thermal coal mining projects, or expansions of existing thermal coal mines in Canada, are... 

New federal policy makes it harder to develop Canada thermal coal projects

Fluor repositions South African unit to support energy transition drive 

By: Terence Creamer     14th June 2021 Global engineering and construction company Fluor, which has been closely associated with South Africa’s liquid fuels and chemicals industries since the 1960s, has restructured its South African operations to align with the unfolding transitions under way in the energy and mining sectors. Fluor... 

Fluor South Africa GM Bill Langenbach
Fluor South Africa GM Bill Langenbach

Anglo sinking more into safety following report

By: Esmarie Iannucci     14th June 2021 Diversified major Anglo American has committed a A$5-million underground mining research fund, following the release of the Coal Mining Board of Inquiry’s final report on the safety of the Grosvenor coal mine, in Queensland. Anglo American in April this year re-entered the underground workings... 

R3.2bn Arnot coal mine contract awarded to M&R and Amandla JV Boipelo

By: Schalk Burger     11th June 2021 Boipelo Mining Contractors, a joint venture between engineering and construction multinational Murray & Roberts (M&R) and contact mining company AmandlaTM Group, has been awarded a R3.2-billion contract for the provision of underground mining services at the Arnot coal mine, in Mpumalanga.... 

Exploration geologists, coal reserves, outperforming companies make headlines   

11th June 2021 Mining Weekly Editor Martin Creamer discusses why exploration geologists in Africa need to be allowed to help find new metals and minerals; an opportunity to create new jobs by mining coal reserves in an environmentally correct manner; and mining companies that do their best for the environment... 

Exploration geologists, coal reserves, outperforming companies make headlines
Exploration geologists, coal reserves, outperforming companies make headlines

Anglo’s coal retreat may boost South African fossil-fuel output

By: Bloomberg     11th June 2021 Under pressure from investors and environmentalists, Anglo American exited its South African coal business this week, but the spinoff could have an unforeseen outcome: higher output of the most polluting fuel. Anglo’s CEO Mark Cutifani said it was a “responsible transition” from thermal coal, but... 

July Ndlovu, head of Anglo American spinoff Thungela.
July Ndlovu, head of Anglo American spinoff Thungela.

Coal expected to remain dominant source of power in the coming decade - Fitch Solutions

By: Simone Liedtke     10th June 2021 Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most practical... 

Transnet reports increase in cable theft; 600 arrests made

By: Schalk Burger     10th June 2021 State-owned logistics company Transnet on June 10 reported that there was an average of 650 incidents of cable theft a month in the first five months of this year, while more than 600 arrests have been made since the beginning of the year. Transnet loses about 120 km of overhead cables a month... 

Ramaphosa moves to tackle growth-sapping electricity crisis by increasing licence-exemption cap on distributed projects to 100 MW  

By: Terence Creamer     10th June 2021 In a surprise move, President Cyril Ramaphosa announced on Thursday that the licence-exemption cap on self- or distributed-generation plants would be raised from 1 MW to 100 MW to help address the country's electricity crisis, which has been weighing down economic growth and confidence for more... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Investors with $41tr ask G7 to stop subsidising fossil fuels

By: Bloomberg     10th June 2021 A coalition of investors overseeing a combined $41-trillion of assets have called on world leaders to set more ambitious greenhouse-gas emissions targets and end support for fossil fuels. DWS Group, Legal and General Investment Management and Pacific Investment Management Co were among 457... 

Corsa appoints new CEO as Merritts takes up COO role

By: Creamer Media Reporter      10th June 2021 Metallurgical coal miner Corsa Coal on Wednesday announced that Peter Merritts had stepped down as CEO and director to take up the position of COO. The company, which trades on the TSX-V, stressed that Merritt’s decision was not related to any dispute or disagreement with the company, but rather... 

Sky-high coal prices won’t spur new mines in a greener world

By: Bloomberg     10th June 2021 The highest coal prices in years aren’t enough to spur investment in new mines in the face of heightened efforts by governments and financial institutions to get the world to abandon the dirtiest fossil fuel. Prices are surging from China to Europe as demand for coal rebounds from a... 

Sky-high coal prices won’t spur new mines in a greener world

China considers imposing price controls on surging coal market

By: Bloomberg     9th June 2021 China is considering imposing a cap on the price of thermal coal as it struggles to contain stubbornly high energy costs ahead of peak demand over the summer. One idea under discussion is to cap the price at which miners sell coal, according to people familiar with the plan, who declined to be... 

China considers imposing price controls on surging coal market

Vale to pay $2.5bn to settle liabilities in Mozambique mine corridor

By: Reuters     9th June 2021 Miner Vale SA will settle in advance liabilities of around $2.5-billion related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday. With the payment, scheduled for June 22, Vale said it will have... 

Regenerative coal mining crucial part of just transition to green economy – Bevan Jones 

By: Martin Creamer     9th June 2021 A shift to “regenerative mining” of coal reserves is a crucial part of a solution to a greener, cleaner future, said African Source Markets CEO Bevan Jones on Wednesday. Jones, a former commodity trader at Macquarie and Rand Merchant Bank, who cofounded the global coal market in London in the... 

African Source Markets CEO Bevan Jones
African Source Markets CEO Bevan Jones

Prairie makes a claim against Polish government

By: Esmarie Iannucci     9th June 2021 ASX-listed coal developer Prairie Mining has filed a £806-million statement of claim for compensation against the Republic of Poland as part of its ongoing international arbitration claims. Prairie’s dispute alleges that the Republic of Poland has breached its obligations under the applicable... 

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Miners due better year in 2021 - report

By: Esmarie Iannucci     8th June 2021 New research from PwC has found that the world’s top 40 miners could report record high revenues and earnings in 2021, and the second highest net profits in 18 years. In its Mine 2021 report, PwC noted that strong commodity prices propelled market capitalisation to rise by 64% on 2019 figures to... 

Miners due better year in 2021 - report
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