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Coal News
Nombasa Tsengwa appointed CEO-designate of Exxaro Resources 
By: Martin Creamer 18th March 2021 Dr Nombasa Tsengwa has been appointment CEO-designate of diversified mining and energy company Exxaro Resources, effective from 31May 2023, when current CEO Mxolisi Mgojo reaches the retirement age of 63. The appointment of Dr Tsengwa, who is Exxaro’s current MD Minerals, forms part of what the... →
Wescoal delivers first own coal sales from Moabsvelden
By: Creamer Media Reporter 18th March 2021 JSE-listed Wescoal has delivered the first coal from its Moabsvelden mine, in Delmas, Mpumalanga, to power utility Eskom. “The operationalisation of the Moabsvelden project under a difficult operating economic environment represents a significant milestone in the history of Wescoal, since the... →
Exxaro announces record dividend on earnings leap in fourth fatality-free year
By: Martin Creamer 18th March 2021 The black-empowered and black-led diversified mining company Exxaro Resources on Thursday announced a record dividend distribution on 25%-higher earnings and another year without occupational loss of life, taking the safety achievement to four years of fatality-free operation. Cash of... →
India considers net-zero goal around 2050, a decade before China
By: Bloomberg 17th March 2021 Top Indian government officials are debating whether to set a goal to zero out its greenhouse gas emissions by mid-century, an ambitious target that would require overhauling its coal-dependent economy. Officials close to Prime Minister Narendra Modi are working with senior bureaucrats and... →
Minister sees ‘compelling reasons’ to block UK coal mine 
By: Bloomberg 17th March 2021 Business Secretary Kwasi Kwarteng said there are “very compelling reasons” to scrap plans for the UK’s first new deep coal mine in three decades, amid an outcry over environmental concerns. Initially, Ministers decided not to intervene in a proposal for a mine for coking coal to be used in the... →
Greensill Capital sued in US as miner claims finance fraud
By: Bloomberg 17th March 2021 Greensill Capital was sued by a company that mines coal in West Virginia, in what may be the first US lawsuit since the firm was forced into insolvency. Greensill’s collapse presents “a clear and present threat” to the business of Bluestone Resources, the mining company said in a complaint filed... →
Eskom mulls alternatives to R300bn emissions-compliance spend 
By: Terence Creamer 16th March 2021 Coal-heavy electricity utility Eskom has reiterated its commitment to complying with South Africa’s tightening minimum emission standards, but CEO Andre de Ruyter has also indicated that it is considering capital-light alternatives, as well as noncoal repowering solutions to meet its obligations,... →
What countries will fight over when green energy dominates
By: Bloomberg 16th March 2021 The Rand Corporation’s been designing war games with the Pentagon since the 1950s, modelling such hard-nosed security scenarios as a two-front US war with China and Russia. Now the think tank is turning its realpolitik tool kit to a question more often associated with environmental dreamers: How... →
The world’s three biggest coal users get ready to burn even more
By: Bloomberg 16th March 2021 The world’s three biggest consumers of coal, the dirtiest fossil fuel, are getting ready to boost usage so much that it’ll almost be as if the pandemic-induced drop in emissions never happened. US power plants are going to consume 16% more coal this year than in 2020, and then another 3% in 2022,... →
Maintenance progress alone insufficient to eliminate load-shedding risk amid 4 GW deficit
By: Terence Creamer 15th March 2021 Eskom CEO Andre de Ruyter insisted on Monday that, despite a recent return to load-shedding, progress was being made on the utility’s so-called reliability maintenance programme to improve the performance of the coal fleet to the point where the risk of rotational power cuts would be materially... →
MC Mining sells 127 534 t of coal in interim period
By: Simone Liedtke 15th March 2021 Coal miner MC Mining sold 127 534 t of high-quality metallurgical and thermal coal during the interim period ended December 31, 2020. An additional 11 569 t of high-ash middlings were also sold during the period. →
Weekly Coal Index Report
15th March 2021 It would appear that China was South Africa’s largest export market in February, followed closely by Pakistan, beating India into 3rd place as Indian buyers struggled with firmer freight rates. Panamax rates have seen significant strength in both basins, whilst many Chinese buyers are immune to... →
Resgen secures additional funds for subsidiary’s austerity operating budget
By: Marleny Arnoldi 15th March 2021 ASX- and JSE-listed Resource Generation (Resgen) has reached an in-principle agreement with Noble Group to provide additional working capital to its partly owned subsidiary Ledjadja Coal. The capital will be provided in the form of a further extension to the facility agreement reached in March... →
Exxaro to report lower attributable earnings for 2020 full-year
By: Marleny Arnoldi 15th March 2021 JSE-listed diversified miner Exxaro Resources expects to report an up to 35% decrease in attributable earnings a share between R25.40 and R30.87 for the year ended December 31, 2020, compared with the prior year. The company cited this is mainly owing to accounting of noncontrolling interest... →
Wescoal appoints interim CEO
By: Marleny Arnoldi 15th March 2021 JSE-listed Wescoal has appointed nonexecutive director Robinson Ramaite as interim group CEO, effective March 15. This comes as Reginald Demana announced his resignation in January and is leaving the company on March 31. →
Incoming Wescoal interim group CEO Robinson Ramaite
Rehab effective at Glencore's Oaky Creek
By: Esmarie Iannucci 15th March 2021 Diversified miner Glencore’s Oaky Creek opencut coal mine, in Queensland, has been transformed into natural and productive land thanks to an impressive rehabilitation program, state Resources Minister Scott Stewart said. “Up to 133 ha of land that was once part of an open cut mine is now verdant... →
Just clearing exploration backlog would be huge leap forward – Miller
By: Martin Creamer 12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and 235... →
UK government intervenes in deep coal mine plan
By: Reuters 12th March 2021 Britain's government has intervened in a plan for a new deep coal mine in northern England after climate change advisers said the project would "increase global emissions". The plans pose a challenge for Prime Minister Boris Johnson's government, which wants to boost jobs in northern England... →
Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines
12th March 2021 Mining Weekly Editor Martin Creamer unpacks Royal Bafokeng Platinum's proposed plans to generate its own electricity; China having become the largest importer of South African coal; and the opportunities for miners to invest in green energy and decarbonisation. →
As Glencore walks, Colombia envisages decades of coal mining
By: Bloomberg 12th March 2021 Glencore may be walking away from its Colombian coal mines, but Colombia isn’t. The South American nation better known for its coffee and crude is also a major supplier to European coal-fired power plants. While that market may be shrinking as Europe leads a clean-energy shift, there’s still... →
Coal mine extension on the horizon
By: Theresa Bhowan 12th March 2021 Coal mining company Kangra, a subsidiary of mining investment company Menar, is expected to extend its Kangra mine, in Mpumalanga, through the Kusipongo project. The Kusipongo resource is situated directly west of the existing mine and is expected to extend Kangra’s life-of-mine (LoM) significantly. →
Mining production down in January, but mineral sales up almost 25%
By: Donna Slater 11th March 2021 Mining production decreased by 6.2% year-on-year in January, with the largest negative contributors being platinum group metals (PGMs), coal and gold, according to the latest Statistics South Africa (Stats SA) report. PGMs slumped by 14.5%, subtracting 3.5 percentage points from the overall... →
New report highlights decade of falling electricity production in South Africa
By: Terence Creamer 11th March 2021 A new Council for Scientific and Industrial Research (CSIR) report offers a sobering picture of declining electricity system production and demand between 2010 and 2020 – a trend that was amplified further during Covid-hit 2020, when demand slumped by a sharp 5.1%, or 11.8 TWh, to a decade low... →
Exxaro achieves four-year fatality-free milestone
By: Simone Liedtke 11th March 2021 Black-empowered resources company Exxaro Resources has achieved four years without any fatalities across its mining operations. This is a remarkable milestone the miner set out to achieve as part of the company’s Khetha Ukuphepa (translated as “Choose Safely”) campaign, which was launched in 2019. →
Government sees new renewables zones helping to unlock low-carbon energy mix
By: Terence Creamer 10th March 2021 Three additional geographic areas – Emalahleni, Klerksdorp and Beaufort West – have officially been declared as Renewable Energy Development Zones following the publication of a Government Gazette notice signed by Environment, Forestry and Fisheries Minister Barbara Creecy. The new zones increase... →
Eskom, Sasol face government ultimatum to meet emission limits
By: Bloomberg 10th March 2021 Eskom Holdings and Sasol, South Africa’s two biggest polluters, must comply with emission limits even if it costs them tens of billions of rand, Environment Minister Barbara Creecy said. The companies, which use coal to produce electricity and gasoline respectively, have sought to avoid... →
S&P sees Eskom debt solution as key to unlocking restructuring
By: Terence Creamer 9th March 2021 Ratings agency S&P Global Ratings sees finding a solution to Eskom’s unsustainable debt position as potentially key to meeting the timelines proposed for the broader restructuring of the State-owned utility into three units of generation, transmission and distribution – an unbundling that is also... →
Coal advocate questions phase-out of the energy mineral
By: Donna Slater 9th March 2021 The role of coal in global electricity production needs to receive greater attention and investment as renewable forms of energy, such as wind and solar, currently make up only a small percentage of global energy production and are unreliable, coal investor and advocate Dr Lars Schernikau said... →
Kangra resumes operations after Covid-19 temporary shuttering
By: Donna Slater 9th March 2021 The Mpumalanga-based Kangra coal mine, which was put on care and maintenance in March 2020 as a result of Covid-19 restrictions impacting its position in the domestic and export markets, has resumed operations this month. Kangra was placed on care and maintenance after the collapse of export... →
China South Africa’s largest coal market in February – Goldman Sachs
By: Martin Creamer 9th March 2021 China was South Africa’s largest coal market in February, taking over from India, which is traditionally been South Africa’s largest coal export market. Normally, China does not import coal from South Africa, but 2021 has seen a shift, Mining Weekly reported in early January →
Anglo American moves to re-enter Moranbah North
By: Esmarie Iannucci 9th March 2021 Diversified miner Anglo American has started briefing staff in Queensland on the re-entry process into its Moranbah North coal mine. The miner in February this year undertook the controlled withdrawal of staff at the mine following a change in underground conditions, when confirmation was... →
Eskom board to initiate probe into racism allegations against De Ruyter
By: Creamer Media Reporter 9th March 2021 The Eskom board has resolved to initiate an investigation into an allegation of racism made against CEO André de Ruyter, indicating in a statement that an independent senior counsel would be appointed to conduct the probe. The counsel, the board said, would be empowered to interview any person... →
Eskom CEO André de Ruyter
Weekly Coal Index Report
8th March 2021 China will be investing far more in coal power over the next five years, according to a government plan released Friday, that only modestly increased renewable ambitions. Environmentalists had been hoping China’s five-year NDP would provide a roadmap towards carbon neutrality by 2060. However,... →
Allegiance fully funded for New Elk restart
By: Esmarie Iannucci 8th March 2021 Coal developer Allegiance Coal has raised A$10-million through a share placement to sophisticated and professional investors, fully funding its New Elk coal mine, in Colorado, through to development. The ASX-listed company told shareholders that the placement, which was priced at 8c a share, had... →
US judge rejects SEC bid to expand Rio Tinto fraud lawsuit on Mozambique coal business
By: Reuters 4th March 2021 A US judge on Wednesday quashed a bid to widen the scope of a civil lawsuit by the US Securities and Exchange Commission that accused miner Rio Tinto of fraud at its Mozambican coal business, a court filing showed. The SEC filed a complaint against Rio in 2017 with allegations that it had... →
The major challenge of the mining industry is the imperative of growth – Dr Motsepe
By: Martin Creamer 3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... →
Work on proposed handover of Rukwa ongoing
By: Tasneem Bulbulia 3rd March 2021 Aim-listed Edenville Energy says it is continuing to work with its strategic partner Infrastructure and Logistics Tanzania regarding the proposed handover of operations at its Rukwa coal project in south-west Tanzania. The company plans to provide shareholders with a further update as soon as a... →
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