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Coal News

Wescoal develops SOPs, COPs for Covid, expects upcoming loss

By: Martin Creamer     15th June 2020 Coal-mining and trading company Wescoal on Monday voluntarily updated shareholders on its operations, strategic projects and milestones as well as its quarterly production and sales figures from its operating assets. Wescoal stated that it was in the process of finalising its results for the year... 

Weekly Coal Index Report

15th June 2020 Coal markets had a bumpy ride last week as weaker prices across the energy complex saw falls in all major coal indices. More talk of regulating Australian imports into China helped push Chinese domestic prices higher again. China is seeking to reduce its reliance on imports as it improves its... 

Weekly Coal Index Report

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Public renewables ownership in South Africa could aid in removing potential barrier to decarbonisation  

By: Terence Creamer     12th June 2020 A new study of electricity sector reform in South Africa warns that opposition to private ownership has the potential to become a barrier to decarbonisation and recommends further research into how public, municipal or community ownership could be incorporated into the deployment of renewables.... 

Public renewables ownership in South Africa could aid in removing potential barrier to decarbonisation

TerraCom completes Mongolian exit

By: Esmarie Iannucci     12th June 2020 ASX-listed TerraCom has finalised the sale of its Mongolian assets to Bridge Resources, disposing of its Baruun Noyon Uul (BNU) coal mine and its Enkhtunkh Orchon coal mine. The assets are being sold as a going concern, with Bridge accepting the existing net liabilities of up to $28-million,... 

Glencore's Valeria coal project gets govt backing

By: Esmarie Iannucci     12th June 2020 The Queensland government has recognised diversified major Glencore’s A$1.5-billion Valeria coal project as a coordinated project under the state’s approvals process. Queensland Treasurer Cameron Dick said that the proposed coal mine could deliver 1 400 construction jobs and 950 ongoing jobs... 

Glencore's Valeria coal project gets govt backing

Rented mobile equipment presents opportunities

By: Cameron Mackay     12th June 2020 With the resumption of activities in different economic sectors, such as the mining industry, local lubrication equipment supplier Industrial Fluid Solutions (IFS) CEO Gustav Fourie states that there has been an increase in demand for fluid-handling equipment which would reduce manpower... 

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

Mining production falls sharply in April as lockdown effects take hold 

By: Simone Liedtke     11th June 2020 The Covid-19 pandemic and subsequent lockdown regulations since March 27 have had a severe impact on economic activity, with mining production alone having decreased by 47.3% year-on-year in April. Overall, platinum group metal (PGM) production was down 62% year-on-year and contributed -14.6... 

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Top 40 miners ‘in a strong, resilient position’ to weather the Covid-19 storm, says PwC

By: Simone Liedtke     11th June 2020 The global Top 40 mining companies are so far weathering the Covid-19 crisis, but consultancy PwC has advised miners to take advantage of the relative stability to adopt strategies to mitigate against further economic and social risks. With the global economy in uncertain times following the... 

Top 40 miners ‘in a strong, resilient position’ to weather the Covid-19 storm, says PwC

Hyundai, green aluminium and the Coal Index Report make headlines  

11th June 2020 Mining Weekly Editor Martin Creamer unpacks Hyundai's new ultra-clean fuel cell electric car, green Aluminium and African Source Markets’ Weekly Coal Index Report and how it is providing pricing transparency.   

Hyundai, green aluminium and the Coal Index Report make headlines
Hyundai, green aluminium and the Coal Index Report make headlines

Large power consumers call for overhaul of tariff-setting methodology 

By: Terence Creamer     11th June 2020 South Africa’s largest power consumers are calling on the Department of Mineral Resources and Energy to urgently review the regulatory methodology being used by the National Energy Regulator of South Africa (Nersa) to set Eskom tariffs. The Energy Intensive Users Group (EIUG), whose mining and... 

Large power consumers call for overhaul of tariff-setting methodology

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

Weekly Coal Index Report

10th June 2020 Bad news for SA coal exporters is that India’s state-controlled mining company is pushing ahead with plans to replace up to 100m tonnes of imported thermal coal with its own domestic coal in the coming year. Indian imports for 2019 are estimated at around 200m tonnes of thermal coal, much of that... 

Weekly Coal Index Report

The pandemic has everyone ditching coal quicker — except Asia

By: Bloomberg     10th June 2020 While the coronavirus pandemic is accelerating the death of coal in developed nations, the dirtiest fossil fuel is alive and kicking in Asia. Demand for electricity plunged -- and with it the need for coal -- as factories around the world sat dormant and people spent months at home. In the US... 

The pandemic has everyone ditching coal quicker — except Asia

Weekly Coal Index heralds vital new era of African pricing transparency  

By: Martin Creamer     10th June 2020 Coal remains the dominant primary energy source for the production of electricity in South Africa. Even with high allocations for renewable energy in the latest Integrated Resource Plan (IRP) 2019, as well as the prospect of coal-plant decommissioning over the coming ten years, coal is still... 

Weekly Coal Index heralds vital new era of African pricing transparency
African Source Markets CEO Bevan Jones

Bowen unveils maiden resource at Hillalong north

By: Esmarie Iannucci     9th June 2020 Coal developer Bowen Coking Coal has reported a Joint Ore Reserves Committee compliant resource estimate of 43-million tonnes for the northern part of its Hillalong project, in Queensland. The ASX-listed company on Tuesday said that 21-million tonnes of this resource is classified as indicated... 

Public Investment Corporation increases investment in Exxaro 

By: Martin Creamer     8th June 2020 The Public Investment Corporation (PIC) has increased its shareholding in coal and renewable energy company Exxaro Resources to just over 15%, the Johannesburg Stock Exchange-listed Exxaro stated in a stock exchange news service announcement on Monday. South Africa's State-owned PIC is Africa's... 

Public Investment Corporation increases investment in Exxaro
Photo by Creamer Media
Mxolisi Mgojo

Kibo fails to obtain shareholder approval for proposed share capital reorganisation

By: Simone Liedtke     8th June 2020 Aim-listed Kibo Energy did not receive the mandatory threshold of 75% approval from shareholders for several resolutions, among which were a proposed share capital reorganisation, during voting at an extraordinary general meeting (EGM) held on June 8. Proxies were received by shareholders holding... 

Edenville enters into coal mining agreement

By: Tasneem Bulbulia     8th June 2020 A subsidiary of Aim-listed Edenville Energy has entered into a coal mining agreement with Infrastructure and Logistics Tanzania Limited (ILTL), a privately owned Tanzanian company with a focus on infrastructure development, logistics, mining and marketing. The agreement, which will become... 

Bisichi delivers consistent output from Black Wattle, withholds dividend

By: Marleny Arnoldi     8th June 2020 London-listed coal miner Bisichi Mining produced 1.27-million tonnes of coal in the year ended December 31, 2019, which was in line with the 1.32-million tonnes of coal produced in the preceding year. The company’s Black Wattle colliery is based in South Africa’s Mpumalanga province.  

Poland to close 12 mines for three weeks to stop coronavirus spread

By: Reuters     8th June 2020 Poland will close two coal mines owned by state-run JSW and ten mines from PGG group on Tuesday for three weeks to stop the spread of the new coronavirus among miners, Deputy Prime Minister Jacek Sasin said on Monday. Poland has reported rapid growth in the number of coronavirus cases among... 

Aluminium in spotlight as LME opts for low-carbon trading platform 

By: Martin Creamer     8th June 2020 Aluminium may find itself with an officially recognised ‘green’ tag when a low-carbon version of the metal is given new trading platform next year. FT Weekend and Aluminium International Today have reported that the London Metal Exchange (LME) will next year launch a platform to trade low-carbon... 

Aluminium in spotlight as LME opts for low-carbon trading platform
Hillside Aluminium in Richards Bay.

Qld miners propping up economy

By: Esmarie Iannucci     8th June 2020 The Queensland resources sector is continuing to support the state’s economy through revenue generation and employment as it works through its Covid-19 response. The resources sector accounted for more than 80% of exports for the past 12 months to the period ending April, with coal still... 

'Cliff' notion taking back seat as Eskom coal demand outlook ebbs  

By: Martin Creamer     5th June 2020 A few years back South Africa was said to be heading towards a coal cliff but that projection is now being questioned. In the early and mid 2000, the findings of the South African Coal Roadmap were that Eskom’s contracted coal supply would plummet and its uncontracted portion balloon. 

'Cliff' notion taking back seat as Eskom coal demand outlook ebbs
Minerals Council South Africa talks coal and renewables to Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Allegiance amends New Elk agreement

By: Esmarie Iannucci     5th June 2020 ASX-listed Allegiance Coal has struck an agreement with Cline Mining Corporation to accelerate the completion of the New Elk hard coking coal project acquisition, amending the terms of the original understanding. Allegiance on Friday said that the up-front cash payment required has now been... 

Adani awards A$350m Carmichael contract

By: Esmarie Iannucci     5th June 2020 Indian major Adani has awarded a civil construction works contract worth more than A$350-million for the Carmichael rail network, in Queensland. Adani Mining CEO Lucas Dow said the construction contract would see Queensland-based BMD deliver civil works for construction of the rail network. 

Queensland's New Acland coal mine faces new appeal

By: Esmarie Iannucci     5th June 2020 Coal miner New Hope Group is seeking a meeting with the Queensland government over the next few days to discuss the future of its Stage 3 expansion at the New Acland mine, after the High Court of Australia granted community group Oakey Coal Action Alliance (OCAA) special leave to appeal an... 

Queensland's New Acland coal mine faces new appeal

South Africa's mining industry records 527 positive Covid-19 cases, 72 recoveries

By: Donna Slater     4th June 2020 The Minerals Council South Africa, in its third weekly Covid-19 update briefing on June 4, reported that, to date, the domestic mining industry has 527 positive cases of Covid-19, with 7 461 miners having been tested and 226 796 having been screened. The mining industry has also reported 72... 

Well positioned to weather storm – Standard Bank

By: Martin Creamer     4th June 2020 The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by... 

Well positioned to weather storm – Standard Bank
Standard Bank building.

Eskom informs lawmakers it will not meet DPE's unbundling timeline

By: Terence Creamer     3rd June 2020 In a presentation to lawmakers on Wednesday, Eskom indicated that it would not meet the unbundling timetable outlined for the vertically integrated power utility by the Department of Public Enterprises (DPE) in a policy paper released in October, titled a ‘Roadmap for Eskom in a Reformed... 

Eskom informs lawmakers it will not meet DPE's unbundling timeline
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Exxaro assists host communities with food parcels

By: Marleny Arnoldi     3rd June 2020 JSE-listed coal miner Exxaro has stepped in to assist communities impacted by measures to halt the spread of Covid-19, through the provision of food parcels where they are needed most. South Africa grappled with poverty and hunger long before the pandemic hit, but the problem has been... 

Exxaro assists host communities with food parcels
Exxaro's Belfast mine

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

Aurizon refinances debt

By: Esmarie Iannucci     3rd June 2020 Freight operator Aurizon has executed a A$1.3-billion debt refinancing, securing an additional A$420-million in funding compared with its existing facilities. Aurizon said on Wednesday that as part of the new debt facilities, the existing syndicated debt facilities which mature in 2021 and... 

Creecy has had no formal communication on possible exclusion of FGD at Medupi 

By: Creamer Media Reporter      2nd June 2020 Environment, Forestry and Fisheries Minister Barbara Creecy reports that she has had no formal communication from Eskom with regards to it potentially not installing flue-gas desulphurisation (FGD) systems at the Medupi power station in line with a previous commitment to do so. FGD technologies... 

Creecy has had no formal communication on possible exclusion of FGD at Medupi
Photo by Creamer Media
Environment, Forestry and Fisheries Minister Barbara Creecy

New solution for monitoring tailings dams 

By: Martin Creamer     2nd June 2020 The tragic tailings dam breach in Brazil that killed more than 270 people has focused the world of mining on making tailings dams safe. Earlier this year, and environmental organisation Grid-Arendal launched the world’s first publicly accessible global database of mine tailings storage facilities... 

New solution for monitoring tailings dams
Photo by Creamer Media
Tailings dam.
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