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Coal News

Vale fourth-quarter profit falls 35% on higher provisions over dam accident

By: Reuters     Updated 33 minutes ago Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income. Vale, one of the world's largest iron-ore producers, reported a $2.42-billion... 

Teck expects to close coal unit sale to Glencore by Q3, CEO says

By: Reuters     Updated 1 hour 15 minutes ago Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on Thursday. Teck, one of the leading producers of steel-making coal, last year announced the sale of the... 

Teck expects to close coal unit sale to Glencore by Q3, CEO says

Coal mining to move to more sustainable practices

By: Halima Frost     Updated 6 hours ago The ongoing shift from traditional coal mining to sustainably mined coal in 2024 and beyond will “witness remarkable advancements” in new coal mining methods, driven by innovative technologies and evolving industry practices, says coal procurement, mining project development and services company... 

Two hands holding raw coal
THE FUTURE IN OUR HANDS The future of coal as an energy source needs to be aligned with more sustainable mining practices

Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council

By: Schalk Burger     22nd February 2024 Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South Africa said in response to the Minister’s Budget Speech on February 21. South Africa, however, needs... 

Minerals Council CEO Mzila Mthenjane
Minerals Council CEO Mzila Mthenjane

Coal output needs to rise as demand jumps, Indian official says

By: Bloomberg     22nd February 2024 India’s state-run miner Coal India will continue to increase production to meet growing demand and help boost inventories, according to a key government official overseeing the fuel. The producer on Monday had flagged it could miss an output target for the year through March, and trimmed... 

Coal output needs to rise as demand jumps, Indian official says

China's top coal producing region tells miners to curb overproduction

By: Reuters     21st February 2024 China's top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal futures on Wednesday. Coal miners in Shanxi were asked to reduce output and carry out safety checks... 

Glencore pleased with its performance against the backdrop of lower commodity, energy prices 

By: Marleny Arnoldi     21st February 2024 Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows and the balance from industrial attributable cash flows. This is despite a 50% year-on-year decrease... 

Glencore's head office
Glencore executives unpack the company's 2023 performance and production guidance

Mozambique port critical to chrome exports gets upgraded railway link

By: Bloomberg     21st February 2024 The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is financing the purchase of $40-million of locomotives and wagons and another $30-million is under... 

A rail line in South Africa

JSW Steel in talks with Australia's Whitehaven for coal mine stake

By: Reuters     20th February 2024 India's JSW Steel is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India's largest steel producer by capacity, is conducting due diligence and expects to get a coking coal sample... 

JSW Steel in talks with Australia's Whitehaven for coal mine stake

India gets 40 bids for commercial coal mines

By: Reuters     20th February 2024 ndia has received a total of 40 bids for some of the 32 commercial coal mines that were made available for auctioning in December, the government said in a statement on Monday, adding the bids would be opened on February 20. The world's second largest coal user, India began auctioning coal... 

India gets 40 bids for commercial coal mines

Colombia Bill seeks permanent legal ban on new coal contracts

By: Bloomberg     20th February 2024 Colombia, South America’s top coal producer, is proposing a mining bill which would ban new exploration and production contracts for the fuel. The proposed law would also allow the expropriation of mining assets in some circumstances, for coal as well as other types of mines. 

President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.
President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.

Worst of inflationary wave over, says BHP CEO

By: Mariaan Webb     20th February 2024 Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on Tuesday reported flat first-half underlying profit of $6.6-billion, is witnessing a shift towards a... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Coal India to bid for 3 mines in critical minerals auctions in Feb

By: Bloomberg     19th February 2024 State-run Coal India will bid for three blocks in critical minerals auctions conducted by the country's mines ministry in February, chairman and MD P M Prasad told analysts in a post-earnings conference call on Monday. The world's largest miner has also visited lithium mines in Australia and is... 

EIB in talks with South Africa over loan for ports, freight rail

By: Bloomberg     15th February 2024 The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the Just Energy Transition Partnership. The loan, the size of which the EIB didn’t disclose, is part of... 

Locomotives owned by Transnet Freight Rail

Shuka settles legacy dispute with Upendo Group over Tanzania licence

By: Tasneem Bulbulia     15th February 2024 Aim-listed Shuka Minerals, previously known as Edenville Energy, has signed a definitive settlement agreement with Upendo Group, which holds a historic residual 10% interest in the Rukwa coal mining licence, in Tanzania. The dispute with Upendo, regarding the interpretation of the “residual”... 

An image showing stockpiles at the Rukwa coal mine
Stockpiles at the Rukwa mine

MC Mining independent board committee advises against proposed Goldway takeover

By: Marleny Arnoldi     15th February 2024 JSE-, ASX- and Aim-listed MC Mining’s Independent Board Committee (IBC) has advised that shareholders should not accept a takeover offer from Goldway Capital Investment. Goldway in early February announced an off-market takeover bid for all of the fully paid ordinary shares on issue in the... 

MC Mining's Uitkomst colliery
MC Mining's Uitkomst colliery

Whitehaven Coal tumbles as profit drops, dividend misses consensus

By: Reuters     15th February 2024 Australia's Whitehaven Coal reported an 86% drop in first-half profit on Thursday and announced an interim dividend that missed market consensus, sending its shares more than 7% lower. Shares of the country's biggest independent coal miner fell as much as 7.3% to A$6.960, as of 01:03 GMT, and... 

Whitehaven Coal tumbles as profit drops, dividend misses consensus

Coal India to add new mines, expand existing ones to meet higher demand, chairman says

By: Reuters     14th February 2024 State-run Coal India plans to start operations at five new mines and expand capacity of at least 16 existing ones to address growing demand for the fuel, its chairman told Reuters on Wednesday. India has increasingly relied on coal to address record power demand in recent months, with the rise... 

Australia fossil fuels should face new climate levy, experts say

By: Bloomberg     14th February 2024 Producers and consumers of fossil fuels in Australia, one of the world’s coal and gas powerhouses, should pay a new climate levy under efforts to accelerate a transition to a greener economy, according to two former government advisers. The charge would impact more than 100 businesses and be... 

Australia fossil fuels should face new climate levy, experts say

US coal miner Ramaco ups 2024 guidance

By: Mariaan Webb     13th February 2024 US-based metallurgical coal miner Ramaco Resources has raised its 2024 sales and production guidance, which it says reflects the strong market acceptance of the company's coal. The Kentucky-headquartered firm, which has three mines in Central Appalachia and one development mine in Wyoming,... 

 US coal miner Ramaco ups 2024 guidance

Mining’s focus switching to critical minerals, with ESG pressures increasing

By: Rebecca Campbell     12th February 2024 The need to transform the global energy system and to cut carbon emissions, to counter the danger of climate change, is shifting the mining spotlight away from traditional high-value resources, such as gold and diamonds, to what are now being called “critical transition minerals”. So stressed... 

Stanmore swoops in on South32’s Eagle Downs

By: Mariaan Webb     12th February 2024 Coal miner Stanmore Resources on Monday announced that it would buy diversified mining firm South32’s 50% interest in the Eagle Downs metallurgical joint venture (JV) coal project, in Queensland. Stanmore will acquire the Eagle Downs stake for $135-million, comprising a $15-million upfront cash... 

Stanmore swoops in on South32’s Eagle Downs

Ramokgopa denies President’s pre-Stage 6 SoNA assertions caused embarrassment and insists loadshedding ‘corner has been turned’ 

By: Terence Creamer     11th February 2024 Electricity Minister Kgosientsho Ramokgopa has move to defend the statement made by President Cyril Ramaphosa in his State of the Nation Address (SoNA) on Thursday night that “the end of loadshedding is finally within reach”. This, despite South Africa rapidly descending into Stage 6 loadshedding... 

Electricity Minister Kgosientsho Ramokgopa
Electricity Minister Kgosientsho Ramokgopa

Exxaro sharpens M&A focus after copper mine loss to China

By: Bloomberg     9th February 2024 Exxaro Resources CEO Nombasa Tsengwa is sharpening the South African coal producer’s diversification strategy, after failing to acquire new mining and energy assets. The Johannesburg-based company made it onto a shortlist for buying a copper mine in Botswana last year, but was ultimately outbid... 

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses

By: Schalk Burger     9th February 2024 The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in the energy and logistics sectors, mining industry organisation the Minerals Council South Africa... 

Minerals Council CEO Mzila Mthenjane
Minerals Council CEO Mzila Mthenjane

Ramaphosa moots ‘innovative investment models’ for grid as he reiterates support for power and logistics reform 

By: Terence Creamer     8th February 2024 President Cyril Ramaphosa used his final State of the Nation Address ahead of upcoming elections to reiterate government’s commitment to reforms in the country’s failing power and logistics sectors, including one that would open the electricity transmission sector to private investors. Speaking... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Qld approves Winchester South draft EA – Whitehaven

By: Mariaan Webb     8th February 2024 Coal miner Whitehaven on Thursday welcomed the decision by Queensland Environment, Science and Innovation to approve the Winchester South coal mine draft environmental authority (EA). The approval is a milestone for the company, the people of Queensland and trading partners that rely on... 

Qld approves Winchester South draft EA – Whitehaven

New Hope takes up bulk of Malabar’s A$160m raising

By: Mariaan Webb     7th February 2024 Coal miner New Hope committed to take up A$105-million of a minimum A$160-million institutional placement equity raising launched by coal junior Malabar Resources on Wednesday. The investment will increase New Hope’s shareholding in Malabar to about 23%. 

Digitisation is key to contractor transparency, says Saryx  

By: Tracy Hancock     7th February 2024 Compliance, health and safety, and environmental awareness are central to long-term sustainability and are achieved by maintaining rigorous standards and improved visibility and/or transparency. However, some mines still employ old-fashioned lever arch, paper-based files in pursuit of this... 

Digitisation is key to contractor transparency, says Saryx

Transnet receives locomotive batteries through RBCT partnership

By: Schalk Burger     6th February 2024 State-owned Transnet has taken delivery of seven full sets of batteries procured by the Richards Bay Coal Terminal (RBCT). The delivery of these critical spares will improve the reliability of Transnet Freight Rail's available locomotive fleet. The Transnet Recovery Plan, which seeks to improve... 

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

NUM welcomes Optimum Colliery settlement, calls for rail allocation

By: Schalk Burger     6th February 2024 Trade union the National Union of Mineworkers (NUM) has welcomed the settlement agreement under which Liberty Coal has agreed to pay R461.7-million to the State in place of the confiscation of property, in exchange for the mine’s business, assets and compromised liabilities to be transferred from... 

The Optimum coal mine
The Optimum coal mine

WiMSA has strong presence at Mining Indaba 

5th February 2024 Women in Mining South Africa (WiMSA) provides a free platform that supports and guides women's personal growth, leadership and career development in the South African mining industry. WiMSA was established in 2010 as a completely independent, volunteer-run non-profit organisation and exist... 

WiMSA has strong presence at Mining Indaba

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

India sees annual coal output up 10.9% in 2024/25

By: Reuters     5th February 2024 India expects domestic coal output to increase by 10.9% to 1.13-billion metric tons in the fiscal year ending March 2025, a senior government official said, driven mainly by higher production from mines owned by private companies. State-run Coal India is expected to boost production to... 

Clear commitment to reform implementation needed in SoNA – Mavuso

By: Schalk Burger     5th February 2024 Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has urged President Cyril Ramaphosa to show a clear commitment to the hard work of reform implementation during his State of the Nation Address (SoNA) on Thursday evening. South Africa's electricity crisis remains a... 

Locomotives operating on Transnet Freight Rail's rail lines
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