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Coal & Diesel News

Sasol confirms making 600 MW own-gen proposal in response to DMRE RFI  

By: Terence Creamer     24th February 2020 Sasol CEO Fleetwood Grobler confirmed on Monday that the energy and chemicals group made a submission to the Department of Mineral Resources and Energy in line with its request for information (RFI) on possible emergency electricity solutions that could be “grid-connected in the shortest time at... 

Industry strongly opposed to further tariff increases for Eskom 

By: Marleny Arnoldi     24th February 2020 The National Energy Regulator of South Africa (Nersa) on Monday hosted the last of its public hearings on Eskom’s regulatory clearing account (RCA) application for the 2018/19 financial year, with various organisations having expressed their opposition to the granting of further tariff increases... 

Sasol pulls back on capex as it seeks to deleverage from ‘peak gearing’  

By: Terence Creamer     24th February 2020 Energy and chemicals group Sasol has indicated that its capital expenditure (capex) will continue to taper during its 2020 and 2021 financial years as the group seeks to deleverage a balance sheet that reached “peak gearing” of close to 65% in the six months to December 31, 2019. Sasol’s gearing... 

Sasol pulls back on capex as it seeks to deleverage from ‘peak gearing’
Sasol CFO Paul Victor on how capex will be tapered as it seeks to navigate its 'peak gearing' phase. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. Recorded: 24.2.2020

Mboweni’s budget unlikely to stop South Africa’s march to junk

By: Bloomberg     24th February 2020 Finance Minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt. Of 19 economists surveyed by Bloomberg this month, 14 expect Moody’s to downgrade the country to junk this year and nine of those say it’ll... 

Arnot OpCo launched to transfer mine to former employees  

20th February 2020 Exxaro Resources this month officially launched Arnot OpCo, the consortium through which the Arnot coal mine in Middelburg, Mpumalanga, will be owned and managed by the mine’s former employees. Tasneem Bulbulia tells us more. 

Arnot OpCo launched to transfer mine to former employees
Arnot OpCo launched to transfer mine to former employees

Mantashe says Ministerial Determinations needed to unlock IRP 2019 are finalised and await Nersa’s concurrence 

By: Terence Creamer     19th February 2020 Mineral Resources and Energy Minister Gwede Mantashe announced on Wednesday that the Section 34 Ministerial Determinations required to give effect to the Integrated Resource Plan 2019 had been finalised and were currently serving before the National Energy Regulator of South Africa in order to... 

Mantashe says Ministerial Determinations needed to unlock IRP 2019 are finalised and await Nersa’s concurrence
Mineral Resources and Energy Minister Gwede Mantashe

South Africa's permission for ACWA plant expires, lawyers say

By: Bloomberg     19th February 2020 ACWA Power has been informed by the South African government that its environmental authorisation to build a 306 MW coal-fired power plant in the country has expired, according to lawyers opposing the project. The authorisation for the Khanyisa coal-fired plant lapsed on October 31, 2018, and the... 

South Africa’s ‘Energy War Room’ to meet for first time

By: Bloomberg     18th February 2020 South Africa’s Energy War Room, a grouping of the main cabinet ministers responsible for the power industry, will meet for the first time this week since being reconstituted by President Cyril Ramaphosa in December as the country battles an electricity crisis that’s stalling economic growth. The... 

Eskom needs cash injection to avoid debt crisis – CEO

By: Reuters     18th February 2020 Ailing power utility Eskom urgently needs more cash to stabilise its ballooning debt pile with the funds coming from a rise in tariffs or new equity, new CE Andre de Ruyter told lawmakers on Tuesday. Eskom, which supplies 90% of South Africa's power but has struggled to meet demand, had a bid for... 

Eskom needs cash injection to avoid debt crisis – CEO
Eskom CEO Andre de Ruyter

Mboweni moots referendum on rescuing State-owned companies on Twitter

By: African News Agency      17th February 2020 After a short hiatus from Twitter, Finance Minister Tito Mboweni is once again posting prolifically, using the platform at the weekend to call for a public debate, possibly a referendum, on the use of taxpayers' money to bail out failing State-owned enterprises. "We must develop a democratic... 

Mboweni moots referendum on rescuing State-owned companies on Twitter
Finance Minister Tito Mboweni

Ramaphosa announces far-reaching actions to boost power generation ‘outside of Eskom’ 

By: Terence Creamer     13th February 2020 President Cyril Ramaphosa on Thursday announced far-reaching and practical interventions to address South Africa’s growth- and confidence-sapping electricity crisis, including several steps to “significantly increase generation capacity outside of Eskom”. He also warned, however, that... 

Ramaphosa announces far-reaching actions to boost power generation ‘outside of Eskom’
President Cyril Ramaphosa

Eskom sets aside R400m for voluntary separation offer to senior employees 

By: Terence Creamer     13th February 2020 Debt-laden State-owned power utility Eskom confirmed on Thursday that it would be offering senior employees voluntary separation packages during March and April in an effort to lower overhead costs. It reiterated, however, that it had no intention of implementing a forced retrenchments programme.... 

Eskom sets aside R400m for voluntary separation offer to senior employees

Solidarity to take GEPF, PIC to task should they use State pensions to fund Eskom 

By: Marleny Arnoldi     12th February 2020 Solidarity has sent a letter of demand to the Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC), requesting that the trustees and boards of these institutions not accept any proposals related to providing financing to power utility Eskom. At a media briefing... 

Solidarity to take GEPF, PIC to task should they use State pensions to fund Eskom
Solidarity CE Dr Dirk Hermann

Arnot OpCo officially launched 

By: Tasneem Bulbulia     11th February 2020 Middelburg, MPUMALANGA (miningweekly.com) – Diversified miner Exxaro Resources on Tuesday officially launched Arnot OpCo, the consortium through which the Arnot coal mine in Middelburg, Mpumalanga, will be owned and managed. The former employees of the Arnot mine will have a 50% ownership of the... 

World emissions kept in check as rich nations kick coal habit

By: Bloomberg     11th February 2020 Global emissions from energy held steady in 2019 for the first time in three years as developed nations continued to move away from coal power and toward renewable energy and natural gas. Even as the world economy grew, energy-related carbon dioxide emissions remained at 33.3-billion tons.... 

Cosatu’s Eskom plan doesn’t diminish State’s liability, BNP says

By: Bloomberg     10th February 2020 A proposal by South Africa’s biggest labor-union federation to rescue debt-stricken Eskom Holdings with government workers’ pensions would amount to little more than a shifting of contingent liabilities, according to BNP Paribas South Africa. The Congress of South African Trade Unions’ proposal... 

Cosatu wants workers to have $6.9bn stake in Eskom

By: Bloomberg     10th February 2020 The Congress of South African Trade Unions (Cosatu), the country’s biggest labor federation and a key ally of the ruling party, said it wants the R104-billion of Eskom Holdings’ debt held by the State pension fund manager to be converted into equity owned by workers. The proposal, made in an... 

Ramaphosa calls for SA, Germany to tackle energy challenges

By: African News Agency      6th February 2020 As German chancellor Angela Merkel began a state visit to South African on Thursday, president Cyril Ramaphosa called for greater cooperation between the two nations on clean energy, low carbon growth and skills training. Speaking after bilateral talks with Merkel, Ramaphosa said they had agreed... 

Transnet plans to boost the volume of coal transported by rail to Eskom 

By: Kim Cloete     6th February 2020 State-owned Transnet says it is planning to ramp up the amount of coal it transports by rail to power utility Eskom's power stations to 32.5-million tonnes over the next five years, starting with a small increase over the next year. Chief customer officer Mike Fanucchi on Wednesday said Transnet... 

Transnet plans to boost the volume of coal transported by rail to Eskom

Consensus is being reached over Eskom debt, Cosatu says

By: Bloomberg     6th February 2020 The Congress of South African Trade Unions (Cosatu), the country’s biggest labour federation, said significant progress was made on Wednesday in its talks with government and business over its proposed plan to cut Eskom Holdings' debt. “There were broad in-principle agreements” said Matthew... 

Ramaphosa amenable to Eskom debt proposal 

By: Reuters     5th February 2020 President Cyril Ramaphosa is "favourably disposed" to a proposal by the country's largest trade union federation to lower the debt of struggling state power utility Eskom, his spokeswoman said on Wednesday. Union federation Cosatu proposed at a meeting with Ramaphosa and business leaders on... 

Turkey's Karpowership looks to plug South African power gap 

By: Reuters     4th February 2020 Turkey's Karpowership, one of the world's largest powership firms, has submitted a plan to South Africa to provide "several" ships capable of plugging a severe power shortage in the country, a senior company official said on Tuesday. South Africa's State-owned power utility Eskom has regularly... 

Kibo reaffirms commitment towards sustainable energy for Africa

By: Marleny Arnoldi     4th February 2020 JSE- and Aim-listed Kibo Energy says 2020 will be an exciting year for the company as it seeks to meet current energy needs without compromising future generations. Kibo is developing three coal power projects, in Tanzania, Botswana and Mozambique, and holds a 60% interest in MAST Energy... 

Anglo American to decide fate of South African thermal coal assets this year

By: Reuters     4th February 2020 Global miner Anglo American will decide this year whether to sell its South African thermal coal business, CE Mark Cutifani told Reuters on Monday. Anglo American and other mining companies have come under growing pressure to reduce their exposure to coal because of concern over climate change.... 

Solar power overwhelming choice of self-generating mines – Minerals Council

By: Martin Creamer     3rd February 2020 The new potential self-generation electricity projects being proposed by Minerals Council South Africa members are overwhelmingly solar power projects, along with some solar-diesel hybrid power projects for overnight operations, and “a little bit” of baseload coal. “The vast majority are... 

Solar power overwhelming choice of self-generating mines – Minerals Council
Photo by Creamer Media's Donna Slater
Minerals Council CEO Roger Baxter

Business lobby welcomes union proposals on Eskom

By: Bloomberg     3rd February 2020 South Africa’s main business lobby group welcomed proposals by the nation’s biggest labour union federation to rescue debt-stricken power utility Eskom Holdings. The Congress of South African Trade Unions on Monday presented its plan to the so-called President’s Working Council, which includes... 

Minister keen to get generation outside of Eskom going soonest  

By: Martin Creamer     3rd February 2020 Mineral Resources and Energy Minister Gwede Mantashe is keen to get electricity generation going outside of Eskom as fast as possible with a view to creating a competitive environment that will lower the cost of electricity. Speaking at a media conference at the Investing in African Mining... 

Minister keen to get generation outside of Eskom going soonest
Photo by Creamer Media's Dylan Slater
Mineral Resources and Energy Minister Gwede Mantashe

Video: Minerals Council chairperson Mgojo talks about electricity self-generation 

By: Creamer Media Reporter      3rd February 2020 Minerals Council South Africa chairperson Mxolisi Mgojo on Monday told delegates and media attending the Investing in African Mining Indaba 2020, in Cape Town, that the council had been speaking to the National Energy Regulator of South Africa, the Department of Mineral Resources and Energy and... 

Video: Minerals Council chairperson Mgojo talks about electricity self-generation
Minerals Council South Africa chairperson Mxolisi Mgojo discusses electricity self-generation at the 2010 Investing in African Mining Indaba. Video and editing: Creamer Media's Nicholas Boyd.

Video: Baxter discusses mining industry's electricity self-generation plan 

By: Creamer Media Reporter      3rd February 2020 Minerals Council South Africa CEO Roger Baxter on Monday stressed that the reliability of electricity supply was critical for the mining industry. This followed an announcement by Mineral Resources and Energy Minister Gwede Mantashe earlier in the day that government would make it easier for... 

Video: Baxter discusses mining industry's electricity self-generation plan
During a media briefing held at the Investing in African Mining Indaba 2020, in Cape Town, on Monday, Minerals Council South Africa CEO Roger Baxter spoke about how mining companies were seeking reliable electricity supply. Video and editing: Nicholas Boyd.

South African, Botswana coal producers outline prospects for the industry

By: Kim Cloete     3rd February 2020 Coal producers and market players have outlined risks and opportunities for the year ahead as more short-term contracts have been signed with Eskom, junior miners try to carve out a viable way forward and some of the major coal players disinvest from coal assets. While business with Eskom has... 

Kendal given another two months to comply with air-pollution standards

By: Terence Creamer     31st January 2020 State-owned power utility Eskom reported on Friday that it had received a letter from Environment, Forestry and Fisheries Minister Barbara Creecy granting its emissions-breaching Kendal power station another two months to comply with the country’s minimum emission standards (MES). Kendal has been... 

Kendal given another two months to comply with air-pollution standards

Boost coal export efficiency as competition ramps up, says Seriti 

By: Kim Cloete     31st January 2020 South African coal producers will need to boost efficiency as competition intensifies in coal export markets, says Mike Teke, CEO of black-owned and controlled coal mining company, Seriti Resources. As many Western countries shift their focus towards renewable and alternative energies, countries... 

Boost coal export efficiency as competition ramps up, says Seriti
Photo by Creamer Media
Seriti Resources CEO Mike Teke

Eskom’s transition to ‘philosophy maintenance’ will increase load-shedding risk for at least 18 months  

By: Terence Creamer     31st January 2020 The board at State-owned electricity utility Eskom has sanctioned a proposal to migrate the group’s unreliable coal fleet to a ‘philosophy maintenance’ model, whereby generation units are serviced in strict adherence with prescribed maintenance schedules in a bid to break the cycle of unplanned... 

Eskom’s transition to ‘philosophy maintenance’ will increase load-shedding risk for at least 18 months
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Fallout from coronavirus expected to have a ripple effect on coal, iron-ore

By: Kim Cloete     31st January 2020 The fallout from the coronavirus in China is expected to have a ripple effect on many sectors in the Chinese economy, slow down its economic growth and impact on its coal industry and imports. Coal trader Noble Resources research head Rodrigo Echeverri says the impact had been severely... 

Fallout from coronavirus expected to have a ripple effect on coal, iron-ore

Eskom considering modifications to failure-prone Medupi conveyor system

By: Darren Parker     31st January 2020 Following three conveyor belt failures at the new Medupi power station, which contributed to load-shedding in December and January, State-owned electricity utility Eskom says several modifications to the conveyor system are being considered in an effort to ensure greater stability in future.... 

Eskom considering modifications to  failure-prone Medupi conveyor system
MODIFICATION ROLLOUT Modifications to the Medupi conveyor systems will also be applied at Kusile

Coal conference addresses challenges

By: Mc'Kyla Nortje     31st January 2020 The planned phase-out of coal in South Africa and other developed countries is one of the biggest challenges facing the coal industry, says London-based global information provider IHS Editor Markit Southern African Coal Report editor in chief Randy Fabi He notes that top government officials,... 

Coal conference addresses challenges
GOING STRONG The yearly conference is the longest running and most well received coal industry event in Africa

Wescoal to break ground at Moabsvelden in February

By: Kim Cloete     30th January 2020 Coal miner Wescoal has announced it will break ground on its greenfield project, in Moabsvelden, Mpumalanga, in February. CEO Reginald Demana on Thursday said the mine would supply three-million tonnes a year of coal to Eskom’s Kusile power station. 

Wescoal to break ground at Moabsvelden in February
Wescoal CEO Reginald Demana
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