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Coal News

BHP shareholders see room for one more sweetened Anglo bid

By: Bloomberg     Updated 19 minutes ago Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday. Anglo has twice rejected... 

Execution risk to Anglo’s restructure plan substantial – WoodMac

By: Darren Parker     Updated 1 hour 56 minutes ago Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a move that new research by consulting firm Wood Mackenzie (WoodMac) shows will take it from being the... 

Anglo American logo

BHP’s top Australian investor eyes restraint in battle for Anglo

By: Bloomberg     Updated 7 hours ago Pension giant AustralianSuper, BHP Group’s largest Australian shareholder, said capital discipline was of “utmost importance” for the mining industry as investors weigh the heavyweight’s twice-rebuffed efforts to woo smaller rival Anglo American. Luke Smith, the senior portfolio manager who... 

BHP’s top Australian investor eyes restraint in battle for Anglo

Anglo-BHP battle is between two CEOs fighting over same vision

By: Bloomberg     Updated 7 hours ago As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job. Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took center stage on Tuesday, as the... 

Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.

All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers 

By: Martin Creamer     14th May 2024 Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of Southern Africa-dominant De Beers. In rejecting BHP’s second takeover offer, Anglo intends reshaping... 

Anglo American CE Duncan Wanblad
Anglo American CE Duncan Wanblad

Two dead, one missing after tremor damages Polish coal mine

By: Reuters     14th May 2024 Two miners were killed in southern Poland and one remained trapped underground after an overnight tremor caused a partial collapse in a section of the Myslowice-Wesola mine, the mine's owner said on Tuesday. The tremor occurred 870 m underground. 

Glencore Coal launches Australia apprenticeship progamme

By: Creamer Media Reporter      14th May 2024 Glencore Australia has announced the opening of its 2025 apprenticeship programme for applications, inviting aspiring candidates to apply for an opportunity or skills development and hands-on experience in the coal industry in New South Wales and Queensland. Scheduled to kick off in January, the... 

Glencore Coal launches Australia apprenticeship progamme

China takes advantage of cheap gas and coal to rebuild stocks

By: Bloomberg     13th May 2024 China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer. Gas imports through the end of April jumped 21% from the previous year, while coal purchases climbed 13%. The increase in coal in particular... 

China takes advantage of cheap gas and coal to rebuild stocks

Ramaphosa denies pre-election loadshedding respite is a ‘political ploy’

By: Terence Creamer     13th May 2024 President Cyril Ramaphosa has entered the politically charged discussion on the reasons behind the recent dramatic reduction in loadshedding ahead of what is expected to be a highly competition election and amid allegations that the reprieve is being staged managed to improve the governing... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Stranded coal ship leaves Port of Baltimore amid work to clear main channel

By: Reuters     13th May 2024 coal ship stranded at the Port of Baltimore set sail for Singapore this week as crews work to remove the Dali container ship that crashed into the Francis Scott Key Bridge, causing it to collapse and block access to the port. The Liberian-flagged JY River exited the port via a temporary channel... 

Diversified miner focuses on community upskilling

10th May 2024 Johannesburg-headquartered diversified resources investment company Menar’s subsidiaries are prioritising youth empowerment through providing skills training, learnerships, internships and bursaries aimed at communities located close to its various operations. “Education’s unmistakable power is... 

An image of trainees at Menar's Gugulethu operation
EMPOWERING YOUTH Menar's programmes contribute to nurturing talent and enhancing skills availability

Conference highlights coal mining industry safety milestones, new targets  

By: Tasneem Bulbulia     9th May 2024 The South African coal mining industry has made progress in reaching its goal of zero harm; however, programmes and initiatives must be bolstered to ensure this is achieved and then maintained. This was outlined by speakers during the Coal Safe 2024 conference, held on May 9, at Emperors Palace,... 

An image of DMRE chief inspector of mines David Msiza
Department of Mineral Resources and Energy chief inspector of mines David Msiza outlines focus areas for the mining industry as it aims to achieve the target of zero harm In: the key focus

BHP-Anglo American deal raises alarm in Japan's steel industry

By: Reuters     9th May 2024 Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American. Australia is the world's biggest exporter of coking coal and top supplier to Japan, making up... 

BHP-Anglo American deal raises alarm in Japan's steel industry

China April coal imports rise on lower domestic output, summer restocks

By: Reuters     9th May 2024 China's coal imports rose in April, customs data showed on Thursday, fuelled by lower domestic production and greater buying by power generators to swell stockpiles ahead of the peak summer demand season. Shipments of coal into the world's largest consumer of the fuel were 45.25-million metric... 

Zimbabwe aims to use FDI to develop a competitive economy by 2030

By: Schalk Burger     7th May 2024 Zimbabwe held an investment conference on May 2 and 3 in South Africa during which its officials explained that the country of 16-million people wants to use local and international investments into key sectors of its economy to further develop the country by 2030. This objective is encapsulated... 

BHP insists Anglo American's South African assets must go in any takeover, sources say

By: Reuters     7th May 2024 BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26... 

The Sishen iron-ore mine
The Sishen iron-ore mine

Ramokgopa insists loadshedding not being ‘stage managed’ ahead of May 29 poll 

By: Terence Creamer     6th May 2024 Electricity Minister Kgosientsho Ramokgopa denies that the prevailing reprieve from loadshedding has been “stage managed” to improve the prospects of the governing African National Congress ahead of the May 29 poll, attributing it instead to “orchestrated” engineering efforts undertaken by Eskom... 

Minister insists the recent period of no loadshedding is down to the improved performance of coal stations such as Matla (pictured)
Photo by Creamer Media
Minister insists the recent period of no loadshedding is down to the improved performance of coal stations such as Matla (pictured)

BHP’s biggest rivals sit on the sidelines of Anglo M&A drama

By: Bloomberg     6th May 2024 Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American will play out. Both Rio Tinto Group and Glencore are more focused on waiting for opportunities to snap up specific parts of Anglo’s business as BHP’s bid... 

Rio Tinto has long admired Anglo’s Collahuasi copper mine in Chile.
Rio Tinto has long admired Anglo’s Collahuasi copper mine in Chile.

Anglo CEO meets South Africa's mines minister after BHP's takeover proposal

By: Reuters     3rd May 2024  Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source familiar with the matter told Reuters. BHP, the world's biggest-listed mining group, is privately talking... 

Manook stresses importance of abated coal in energy future of many nations

By: Marleny Arnoldi     3rd May 2024 Global coal organisation FutureCoal has suggested that world leaders follow a balanced, pragmatic and responsible approach to energy policy, following an announcement by the Group of Seven (G7) forum that unabated coal will be phased out by 2035. The announcement was made at a G7 Ministerial... 

Coal on train

What’s Anglo worth? For now it’s less than the sum of its parts

By: Bloomberg     3rd May 2024 As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American actually worth? Anglo’s shares are trading about 8% above the price implied by BHP’s initial proposal, which was swiftly and firmly... 

Anglo's unusual mix of niche commodities — it’s the only large miner with big diamonds and platinum operations, for example — is seen as one of the reasons that the company hasn’t been successfully targeted in the past.
Anglo's unusual mix of niche commodities — it’s the only large miner with big diamonds and platinum operations, for example — is seen as one of the reasons that the company hasn’t been successfully targeted in the past.

TFR ramps up coal trains to 28 a week

By: Darren Parker     3rd May 2024 State-owned Transnet Freight Rail (TFR) has embarked on a ramp up of GF-class coal trains from 21 a week to 28 a week, supported by an injection of locomotives. This is part of Transnet’s recovery plan initiatives, and a commitment made to the City of uMhlathuze leadership and other stakeholders... 

Coal train

US power-plant rules threaten grid reliability, Peabody CEO says

By: Bloomberg     3rd May 2024 Peabody Energy, the biggest US coal producer, is warning that federal regulations to curb emissions from power plants pose a threat to the grid at a time when electricity demand is poised to surge. The Environmental Protection Agency announced regulations last month that will force coal-fired... 

Peabody CEO Jim Grech
Peabody CEO Jim Grech

Brick maker allays fears over coal mining licence

3rd May 2024 Clay brick and paver maker Corobrik reports that it has no intention of entering into the coal mining sector, despite its application to mine the commodity at its Centurion-based Rietvlei mine and plant. The company operates a clay mining operation near the ecologically-sensitive Rietvlei Nature... 

An image of Nick Booth
NICK BOOTH As a result of Corobrik accessing coal at its mine, the Department of Mineral Resources and Energy requested Corobrik to apply for a coal mining licence to mine the coal and have it removed. Booth adds that Corobrik has no intention to sell coal and intends to remain a brick maker

Mine focuses on steady-state production, tech, cost saving

By: Lumkile Nkomfe      3rd May 2024 Coal exploration and mining company Canyon Coal is focusing on maintaining steady-state coal production at its Khanye colliery in Bronkhorstspruit, Gauteng, with the former having made significant progress in the past six months by improving production through smarter operational management,... 

An image of the Khanye colliery
IMPROVING MINE OPERATIONS Canyon Coal aims to use technology to optimise operational processes and increase profitability at its Bronkhorstspruit-based Khanye Colliery

Thungela announces passing of Thero Setiloane

By: Martin Creamer     2nd May 2024 Johannesburg Stock Exchange-listed coal mining company Thungela Resources has announced the passing of Thero Setiloane, who served as an independent nonexecutive director of the company. “His contribution to the group, his in-depth knowledge of the mining sector, and his warm personality will be... 

Thero Setiloane.
Thero Setiloane.

BHP woos South Africa in pursuit of $39bn Anglo takeover

By: Bloomberg     2nd May 2024 BHP Group has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American. The executives have... 

South Africa's Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
South Africa's Mineral Resources and Energy Minister Gwede Mantashe

Australia's second-largest pension fund blacklists thermal coal investments

By: Reuters     2nd May 2024 Australian pension giant Australian Retirement Trust said on Thursday it would stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050. The A$280-billion fund has introduced new rules to exclude any company which generates... 

Australia's second-largest pension fund blacklists thermal coal investments

Rail workers in Canada vote to strike, threatening supply chains

By: Bloomberg     2nd May 2024 Rail workers demanding more rest time moved closer to a strike that would disrupt supply chains from Halifax to Vancouver and down through the Midwest to the Gulf of Mexico. A union representing more than 9 000 employees at Canadian National Railway and Canadian Pacific Kansas City said workers... 

Rail workers in Canada vote to strike, threatening supply chains

NBI launches pragmatic Just Energy Transition Skilling for Employment Programme

By: Marleny Arnoldi     30th April 2024 With skills having been identified as a key cross-cutting requirement for the Just Energy Transition Implementation Plan (JET-IP), the National Business Initiative (NBI), together with the Presidency’s JET project management unit (JET PMU) and Boston Consulting Group, have launched the JET... 

welding and cutting training

MC Mining's Uitkomst Colliery increases quarterly output following turnaround plan

By: Creamer Media Reporter      30th April 2024 Run-of-mine (RoM) coal production at MC Mining's Uitkomst steelmaking and thermal coal mine, in South Africa, increased by 14% year-on-year to 115 909 t for the quarter ended March 31 – the third quarter of its 2024 financial year. ASX-, Aim- and JSE-listed MC Mining, which is being bought out by... 

The Uitkomst Colliery
The Uitkomst Colliery

Glencore’s Rustenburg ferrochrome smelter remains idled 

By: Martin Creamer     30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

G7 nations to agree on first half of 2030s for coal phase-out

By: Bloomberg     30th April 2024 Group of Seven nations have agreed to target the first half of 2030s to phase out coal, according to the UK’s energy and nuclear minister, a key milestone for some of the world’s most industrialised economies seeking to switch to more sustainable fuels. “To have the G-7 nations come around the... 

G7 nations to agree on first half of 2030s for coal phase-out

Top Glencore shareholders favour keeping coal over spinoff

By: Bloomberg     30th April 2024 Several of Glencore’s largest shareholders believe that the company should retain its coal assets, according to people familiar with the matter, throwing a proposed spinoff into doubt. Glencore, the world’s largest shipper of thermal coal with a market capitalization of about $73-billion, had... 

The Bulga complex in Australia
The Bulga complex in Australia

Indonesian miner eyes nickel assets as it shifts focus from coal

By: Bloomberg     29th April 2024 Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition. The miner plans to avoid further spending in its coal operations beyond the level required to sustain current output,... 

Shanghai Platinum Week: Hydrogen’s going to feature big, says World Platinum Investment Council 

By: Martin Creamer     26th April 2024 The growth in demand for platinum applications in China is extremely high, making detailed access to the China market hugely advantageous. Providing this detailed access from July 8 to 11 will be the far-reaching Shanghai Platinum Week 2024, which is sandwiched between the London Platinum Week in... 

World Platinum CEO Trevor Raymond at Shanghai Platinum Week 2023.
WPIC's Trevor Raymond and Edward Sterck interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

China loses its appetite for Russian coal as import costs rise

By: Bloomberg     26th April 2024 China is losing its appetite for Russian coal as import taxes and logistical snarls push Asia’s biggest buyer to cheaper alternatives. Russian exports plunged 22% in the first quarter after Beijing imposed a tax regime at the start of the year that favors some of Russia’s rivals.  

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