R/€ = 18.16 Change: -0.15
R/$ = 16.06 Change: -0.17
Au 1781.19 $/oz Change: -11.95
Pt 936.00 $/oz Change: -16.75

Coal News

TerraCom reports fatality at South Africa mine

By: Reuters     30th July 2021 Australian coal miner TerraCom said on Friday a contractor had died at its South African mine on May 6, leading to an 11-day halt in operations at the time. The company in its production report disclosed that the fatality occurred at its 49%-owned New Clydesdale Colliery mine, but did not give... 

Allegiance raises A$30m for Alabama coal buy

By: Esmarie Iannucci     30th July 2021 ASX-listed Allegiance Coal will acquire US-based family owned Black Warrior Minerals (BWM), which owns the BWM mine in Alabama, having completed a A$30-million capital raise. Under the terms of the agreement, Allegiance would purchase the BWM mine for $4-million in cash and would replace the... 

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

BlackRock support sought in bid to end 5-month coal-mine strike

By: Bloomberg     29th July 2021 Coal miners from states including Alabama and West Virginia picketed outside BlackRock’s New York headquarters Wednesday in a bid to get the world’s largest asset manager to pressure Warrior Met Coal for better wages and employee benefits. About 120 miners and supporters descended on BlackRock’s... 

An image showing Members of the United Mine Workers of America picket during a strike against Alabama's Warrior Met Coal at the BlackRock offices in New York.
Members of the United Mine Workers of America picket during a strike against Alabama's Warrior Met Coal at the BlackRock offices in New York.

Wescoal’s output set to increase in the 2022 financial year

By: Marleny Arnoldi     28th July 2021 JSE-listed Wescoal has advised shareholders that it has started its 2022 financial year off well, delivering 2.24-million run-of-mine (ROM) tonnes in the quarter ended June 30. This compares with 2.2-million ROM tonnes produced in the quarter ended June 30, 2020, and 1.82-million ROM tonnes... 

Work on Isaac Downs to start next month

By: Esmarie Iannucci     28th July 2021 Construction on the A$82-million extension of the Isaac Plains metallurgical coal mine, in Queensland, is expected to start next month. Resources Minister Scott Stewart on Wednesday announced the final government approvals and go-ahead for Isaac Downs mine, a third mine on the Isaac Plains... 

Teck lowers FY coal guidance on BC wildfire rail disruptions

By: Mariaan Webb     28th July 2021 Canadian diversified mining major Teck Resources has lowered its full-year guidance for metallurgical coal by half-a-million tonnes, owing to wildfires in British Columbia disrupting coal transportation. The full-year coal guidance has been lowered to between 25-million and 26-million tonnes and... 

Bowen's scoping studies prove up

By: Esmarie Iannucci     28th July 2021 Scoping studies into the Broadmeadow East and Isaac River opencut coking coal projects, in Queensland, has proven positive for junior Bowen Coking Coal. The ASX-listed company on Wednesday reported that the results of a first stage independent scoping studies have indicated a run of mine (ROM)... 

Sasol says its energy business delivers satisfactory full-year performance

By: Schalk Burger     27th July 2021 Integrated energy and chemicals multinational Sasol's energy business had delivered a satisfactory performance, in line with expectations, for the financial year ended June 30. The company on July 27 reported that its integrated value chain had benefitted from higher oil prices in the second half... 

If done responsibly, coal mining can add value to economies – panel

By: Marleny Arnoldi     27th July 2021 JSE-listed coal trader Thungela Resources CEO July Ndlovu says it has been a polarising year for the coal industry, with many opposing views on the commodity and the way forward for the industry. For him, the “just transition” represents not simply a switch from fossil fuels to renewables for... 

Cutting coal not as clear-cut as some wish, says analyst

By: Marleny Arnoldi     27th July 2021 Although climate and environmental concerns have resulted in an energy policy that shies away from fossil fuels, demand for coal remains prevalent in many parts of the world, XMP Consulting senior coal analyst Xavier Prévost has said. Speaking during the Coal Industry Day 2021 conference, which... 

Exxaro rolls out vaccination drive at Matla mine

By: Schalk Burger     27th July 2021 Diversified miner Exxaro Resources has launched a Covid-19 vaccination rollout programme at its Matla coal mine, in Mpumalanga. The launch of the rollout programme is part of a national campaign under the auspices of Department of Health and in partnership with the Mpumalanga Department of Health... 

China avoids coal projects in Belt and Road for first time

By: Bloomberg     27th July 2021 China didn’t finance any coal projects via its Belt and Road Initiative in the first half, the first time that’s happened since the plan was launched in 2013, the International Institute of Green Finance said in a report. The lack of funding from China for the dirtiest fossil fuel comes amid... 

Technology will secure coal’s place in a sustainable future, says WCA

By: Marleny Arnoldi     27th July 2021 In opening the Coal Industry Day 2021 on July 27, mining entrepreneur Bernard Swanepoel said the coal industry remains a significant revenue, jobs and energy contributor to the South African economy. He added that a complete faze-out scenario of coal-fired power generation was still decades away.  

Exxaro wheel loader

Teck quarterly profit rises 4% on higher copper prices

By: Reuters     27th July 2021 Canadian miner Teck Resources said on Tuesday that quarterly adjusted profit rose 4% sequentially, driven by record-high copper prices. A global demand recovery from the Covid-19 pandemic, strong liquidity injections and tightened supplies have pushed copper prices to all-time highs in the... 

Teck quarterly profit rises 4% on higher copper prices

Anglo Platinum evaluating multiple renewable energy forms  

By: Martin Creamer     26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... 

A side view of the Amplats CEO during the July 2021 results presenetation.
Anglo American Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sasol partners with Mpumalanga govt, launches five-day vaccination drive

By: Yvonne Silaule     26th July 2021 Energy and chemicals company Sasol's Secunda operations has, in partnership with the Mpumalanga government, launched a five-day Covid-19 vaccination drive, starting on July 26. This formed part of the preparation for the operations' upcoming annual maintenance shutdown taking place from August 30... 

G-20 Ministers stumble over coal

By: Bloomberg     26th July 2021 Environmental Ministers from the Group of 20 nations were unable to reach full agreement on key climate goals, just 100 days before a critical international conference kicks off. Even after marathon negotiations that ran through the night, the ministers couldn’t find common ground on phasing out... 

Weekly Coal Index Report

26th July 2021 Australian coal prices continue to firm as the Newcastle vessel queue sticks above 40, ensuring the FOB spread remains well over U$25 in favour of Australian coal. However, at around US$150, Newcastle prices may have topped out for now. Chinese domestic prices are also a little softer, after a... 

Image of the African Source markets logo

Report calls for freeze on new coal, warns of risks if energy transition is delayed  

By: Terence Creamer     23rd July 2021 South Africa should freeze investment in new private coal plants, as delaying South Africa’s “inevitable” transition away from the carbon-emitting energy mineral will cause economic damage, a new Trade & Industrial Policy Strategies (TIPS) analysis on the country’s coal value chain states.... 

An image of a coal mining vehilce with a power station in the background.

Thermal coal prices to weaken by the end of this year, says Fitch Solutions

By: Simone Liedtke     23rd July 2021 Fitch Solutions Country Risk and Industry expects thermal coal prices to peak during the third quarter of this year and then weaken “substantially” by the end of the year. In spite of this forecast, the research firm increased its average price forecast for the year to $85/t, up from $72/t... 

Funding needed for Korean projects

By: Nadine Ramdass     23rd July 2021 Privately owned polymetallic mining company Korean Metals (KME) is seeking to increase funding for the development of its projects in South Korea. KME has cost effectively established a portfolio of high-grade polymetallic projects having conducted exploration, compiled detailed technical reports... 

Rhyodacite dome intrusion
UISEONG PROJECT Rhyodacite dome intrusion

Asia’s diverse, vast resources offer opportunity

By: Nadine Ramdass     23rd July 2021 The Asian mining and natural resources industries are multifaceted and unique to each sub region, and country. The continent’s vast natural resources have not yet been fully optimised. “Asia is the largest continent with extremely diverse geographical sub regions, and countries within those... 

Asia is diverse, with vast natural resources
WARREN BEECH Asia is diverse, with vast natural resources

Company provides custom service packages

By: Nadine Ramdass     23rd July 2021 Explosives and blasting services provider BME Indonesia are providing the Indonesian mining industry with packages that can be customised based on the industries’ and customers’ requirements. This is beneficial to Indonesia in operational sense in that it entails safe and efficient blasting,... 

An image/photo of BME Indonesia staff and trucks
BME INDONESIA Indonesia’s attractive market encouraged BME investment

South Korea attractive for exploration spend

By: Nadine Ramdass     23rd July 2021 South Korea has numerous advantages that make it attractive for exploration investment, says privately owned polymetallic mining company Korean Metals (KME) MD Chris Sennitt. KME directors have field-checked historical mines and deposits and operated in Korea for over 26 years, enabling KME to... 

Domestic companies have focused on refining
ONSAN REFINERIES AND PORT INFRASTRUCTURE Domestic companies have focused on refining

Sasol joins the Hydrogen Council

By: Yvonne Silaule     22nd July 2021 Chemicals and energy company Sasol has joined the Hydrogen Council, with the aim to help secure the future of hydrogen in South Africa The Hydrogen Council is a global CEO-led initiative consisting of more than 120 companies from across the hydrogen value chain, with a united vision and long-term... 

Record US coal shipments to China highlights Australia's pain

By: Bloomberg     22nd July 2021 China’s import ban on Australian coal is proving a boon to U.S. producers. On June 28, the Frontier Unity bulk vessel left the port of Newport News, Virginia with a 136 400-t cargo bound for steelmakers in China. It was the biggest shipment of its kind from a US east coast port, according to... 

An image of a coal stacker against the setting sun at the Newcastle port, in Australia.

South32 warns of coal impairment, looks at options for Dendrobium

By: Esmarie Iannucci     21st July 2021 Diversified miner South32 has warned of a $728-million pretax impairment charge for its Illawarra metallurgical coal operations for the 2021 financial year, following a review over the asset’s carrying value. The miner told shareholders that the impairment charge reflected the increased... 

An image of coal

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

Carbon emissions to reach record levels in 2023 as stimulus spending fails to match net-zero ambition  

By: Terence Creamer     20th July 2021 The financial resources allocated by governments globally to clean-energy measures in response to the Covid-19 crisis currently represents only 2% of the $16-trillion in total fiscal support set aside for economic stimulus, the International Energy Agency’s (IEA’s) new Sustainable Recovery... 

Photo of IEA executive director Fatih Birol
IEA executive director Fatih Birol

Coal miner awarded nearly $33m in insurance lawsuit

By: Creamer Media Reporter      19th July 2021 Coal miner Romaco Resources was awarded a $32.7-million jury verdict in its lawsuit against insurance companies owned by Chubb. The claim arose from Chubb’s denial of insurance coverage of damages suffered by the company from the collapse of a coal storage silo at its Elk Creek coal complex, in... 

Grassy Mountain rejection to be appealed – Riversdale’s Benga

By: Mariaan Webb     19th July 2021 The developer of the $800-million Grassy Mountain steelmaking coal project has launched a legal appeal after energy regulators last month denied its application to build a steelmaking coal mine, in Crowsnest, Alberta. Benga Mining, a wholly owned subsidiary of Australian billionaire Gina... 

Grassy Mountain rejection to be appealed – Riversdale’s Benga

Uitkomst colliery resumes operations after civil unrest subsides

By: Donna Slater     19th July 2021 JSE-, Aim- and ASX-listed coal explorer and miner MC Mining reports that operations at its 70%-owned Uitkomst colliery, in KwaZulu-Natal, resumed early on July 19. Operations at the mine were temporarily shut last week amid looting, violence and vandalism in response to the jailing of former... 

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Weekly Coal Index Report

19th July 2021 Coal had a wild week as buyers reached up to lift high priced offers, right along the curve. This likely spooked other buyers who helped the back end of the curve rally substantially. Xinhua reports that China is trying to distribute more than 10-million tons of coal from state reserves to secure... 

An image of the African Source markets logo

China to add 110 Mt coal production capacity in H2 2021

By: Reuters     19th July 2021 China plans to add nearly 110-million tonnes per annum of advanced coal production capacity in the second half of 2021 to meet increasing demand for the fossil fuel, the state planner said on Monday. "Currently, more than 40-million tonnes of coal mining capacity are under government reviews for... 

China to add 110 Mt coal production capacity in H2 2021

IEA report points to growth in global electricity demand this year

By: Donna Slater     15th July 2021 The International Energy Agency (IEA) expects global electricity demand to rebound strongly this year and next. Electricity demand decreased by about 1% in 2020, but is expected to grow by 5% this year and by 4% in 2022, a new IEA report shows.  

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