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Eskom’s IPP stance seen undermining investment and green industrialisation

By: Terence Creamer     22nd July 2016 The decision by Eskom not to sign any new power purchase agreements (PPAs) with independent power producers (IPPs) beyond those selected in the latest competitive bidding round could have a “chilling” effect on investment and undermine industrialisation efforts under way in the green economy,... 

Anglo Pacific’s H1 sales beat previously guided range by about 20%

By: Samantha Herbst     22nd July 2016 Half-year sales from dual-listed royalty company Anglo Pacific Group’s private royalty lands are expected to be in the range of 35% to 40%, the group announced earlier this week, after receiving notification from British-Australian multinational Rio Tinto of the invoiced payable tons for the... 

Australia’s corporate watchdog continues Continental Coal probe

By: Mariaan Webb     22nd July 2016 The investigation of the Australian Securities and Investment Commission (Asic) into the affairs of Western Australia-based, but former South Africa-focused developer Continental Coal, is continuing, with the corporate watchdog announcing that it has secured further asset-freezing orders. Asic... 

Edenville holds ‘constructive’ meetings with Tanzanian authorities

By: Creamer Media Reporter      22nd July 2016 Aim-listed Edenville Energy this week held “constructive” meetings with senior representatives of the Tanzania Ministry of Energy and Minerals (MEM) and the Tanzania Electric Supply Company (Tanesco) to discuss the next steps for Edenville to progress its Rukwa coal-to-power project. The meetings... 

Anglo American coal bidders said in talks for acquisition loans

By: Bloomberg     22nd July 2016 Bidders for Anglo American’s Australian metallurgical coal assets, including Coronado Coal and AMCI Capital, are in talks with banks for acquisition financing, people with knowledge of the matter said. Coronado and AMCI are competing for Anglo American’s Moranbah and Grosvenor mines with BHP... 

On-The-Air (22/07/2016) 

By: Martin Creamer     22nd July 2016 Turning Joburg’s mine dump sand into gold is adding R14-billion to the South African economy a year; The new Taxation Laws Amendment Bill has muddied the waters just as hopes of tax reform were beginning to rise; and A new ruling shows that the courts won’t easily endorse the new Mining Charter’s... 

Britain goes back to Bronze Age with plans to revive tin mining

By: Bloomberg     22nd July 2016 A half mile shaft of filthy water dug into the granite that forms the southernmost tip of England separates Richard Williams from his dream of bringing back mining to a region known for its tin since before Roman times. It’s just one hurdle for the head of Canadian upstart Strongbow Exploration Inc. 

Dedicated truck highway could improve logistics services

By: David Oliveira     22nd July 2016 A truck rapid transit (TRT) system, with dedicated road infrastructure similar to that provided for the bus rapid transport system being rolled out in many South African cities, could provide the impetus to improve the country’s anaemic economic growth. During petrochemicals group Shell’s Rimula... 

Gas gensets a sustainable power alternative  

By: Sebastian Whyle     22nd July 2016 Engine, filtration and power-generation product manufacturer Cummins notes that gas-powered gensets are a sustainable power solution, owing to natural gas being methane-rich and occurring naturally. This makes it a cost-effective alternative energy source, compared with wind and solar power.  

South Africa draws up plans for gas-generated power

By: Sebastian Whyle     22nd July 2016 In South Africa’s search for viable long-term gas import partners to meet demand in the power sector, Nigeria has been identified as a strong contender, owing to its large natural gas reserves, says professional services firm KPMG.  

South Africa’s first locomotives

By: Jade Davenport     22nd July 2016 The South Africa of the late 1850s was an economic and industrial backwater with limited growth prospects, especially when compared with other colonial outposts. Diamonds and gold, which were to drive the country’s industrial revolution, were still a long way from being discovered and, thus, the... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts

By: Mia Breytenbach     21st July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations is positioning the company well to achieve its unit cost guidance in the new financial year. Despite a... 

Brazil's Vale expects 2017 iron-ore output to be below forecast

By: Reuters     21st July 2016 Vale SA expects full-year iron-ore output to come in at the lower end of forecasts this year, and below expectations in 2017, a sign the world's No. 1 producer of the raw material is effectively reining in production at low-margin facilities. Iron-ore output was 86.823-million tonnes in the... 

Eskom letter sends shock waves through private power sector

By: Terence Creamer     21st July 2016 News of Eskom’s letter to Energy Minister Tina Joemat-Pettersson – seeking clarity on the approach the utility should take to contracting in future with independent power producers (IPPs) – sent shock waves through the private power community, which is only just starting to find its feet in a... 

Siemens upbeat about South Africa’s gas-to-power, renewables potential

By: Anine Kilian     21st July 2016 Global engineering firm Siemens says it is committed to South Africa’s renewable-energy revolution and supports the country’s imminent procurement of gas-to-power infrastructure.  Speaking to Engineering News Online on the sidelines of the Power-Gen Africa conference in Sandton, Johannesburg,... 

Senwes to save from completed solar project

By: Megan van Wyngaardt     20th July 2016 The installation of 2 392 solar panels at South African agribusiness Senwes’s head office, in Klerksdorp, will save a projected 1 172 t/y of carbon emissions, equivalent to 270 running cars or 481 t/y of coal. CEO Joe Maswanganyi says the project, which was completed in June, will save about 1 kg... 

Indian govt agrees to fund GAIL’s gas pipeline project

By: Ajoy K Das     20th July 2016 Acceding to the demands of gas logistics and transportation major GAIL India Limited, the Indian government has agreed to the funding of $1.82-billion for the construction of a 2 539 km gas pipeline traversing the northern and eastern Indian provinces. GAIL, which had initially been apprehensive... 

Terex® Finlay launch NEW 674 tracked inclined screen at Hillhead, 2016

     20th July 2016 The NEW Terex® Finlay 674 is a highly versatile and adaptable machine engineered and built for working in quarrying, mining, construction and demolition debris, topsoil, recycling, sand, gravel, coal and aggregate applications. The Terex® Finlay 674 is a compact easily transportable machine that... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall

By: Martin Creamer     20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, which saw local diamond and iron-ore output fall appreciably. While Eskom-related production remained broadly unchanged in the second quarter, export coal production rose 8% to... 

Stanmore reports production results from Isaac Plains

By: Mariaan Webb     20th July 2016 The Isaac Plains coal mine, which Stanmore Coal reopened earlier this year, has managed to produce 231-million tonnes in the June quarter, which marked the ramp-up phase of operations. Stanmore reported on Wednesday that it had sold 156-million tonnes from the Queensland mine, which it bought... 

Queensland to release new land for exploration

By: Megan van Wyngaardt     20th July 2016 Queensland Natural Resources and Mines Minister Dr Anthony Lynham plan to release 826 km2 of land for minerals, coal, petroleum and natural gas exploration over the next 12 months. The seven areas range from Cloncurry in the north-west, through the Bowen basin in central Queensland, to near Surat... 

BHP aims to grow copper, iron-ore, coal volumes in FY17

By: Mariaan Webb     20th July 2016 Diversified mining group BHP Billiton, which narrowly missed its iron-ore production guidance for the 2016 financial year, aims to grow its copper, iron-ore and metallurgical coal production in the next financial year by focusing on improving its productivity. Reporting on the group’s 2016... 

$150m Brics bank facility seen helping ease South Africa’s grid bottlenecks

By: Terence Creamer     19th July 2016 State-owned electricity producer Eskom expects to finalise commercial terms with the New Development Bank (NDB), of the Brics grouping, for a $150-million facility in the next quarter, CFO Anoj Singh reports. A term sheet has been signed with the NDB and Singh reports that, once consummated, the... 

Paris Agreement consensus opens business opportunities

By: Natasha Odendaal     19th July 2016 A significant opportunity has emerged as a result of the consensus reached in Paris at the twenty-first Conference of the Parties (COP 21) of the United Nations Framework Convention on Climate Change at the end of last year and the world is now at an inflection point in the transition to cleaner... 

Eskom moves to raise exports as it closes in on 80% plant-availability goal 

By: Terence Creamer     19th July 2016 State-owned electricity producer Eskom says it is on course to achieve its stated goal of achieving an energy availability factor (EAF) of 80% well ahead of its 2021 target, reporting a steady recovery in the performance of its fleet of coal-fired power stations. As a consequence, the utility... 

India banking on coal exports to manage rising stockpiles

By: Ajoy K Das     19th July 2016 Coal exports could hold the key to managing mounting coal stockpiles in India, with shipments to neighbouring countries seen as the most obvious choice to mark the country’s entry into the coal export market. Under advice from the Coal Ministry, Coal India Limited (CIL) has started exploring... 

Rio Tinto maintains Pilbara iron-ore guidance

By: Mariaan Webb     19th July 2016 Australia’s largest iron-ore miner Rio Tinto is on track to ship 330-million tonnes from its mines in the Pilbara this year, with 158.9-million tonnes having been sold in the first six months of the year. The half-year performance was 8% better than a year earlier, Rio Tinto reported in its... 

Universal Coal to push ahead with New Clydesdale colliery

By: Megan van Wyngaardt     18th July 2016 South Africa-focused Universal Coal plans to restart the New Clydesdale colliery (NCC), in Mpumalanga, as an export-focused coal mine, while negotiations continue to supply State-owned power utility Eskom. CEO Tony Weber on Monday also expressed the ASX-listed company’s disappointment that... 

CoAL’s offer to take over Universal Coal lapses

By: Megan van Wyngaardt     15th July 2016 Triple-listed Coal of Africa Limited’s (CoAL’s) offer to acquire the entire share capital of Universal Coal has lapsed, with all contracts resulting from acceptances of the offer by Universal shareholders now void. CoAL in December formally launched an offer to take over the South Africa-focused... 

JSE mulls Oakbay suspension

By: African News Agency      15th July 2016 The JSE said on Friday it had informed Oakbay Resources & Energy that it was considering the suspension of its listing over the company’s failure to appoint a sponsor to replace Sasfin Capital. Sasfin Capital gave notice in April that it would terminate its engagement as sponsor of the... 

Vanggatfontein achieves consistent performance in Q1 – Keaton

By: Creamer Media Reporter      15th July 2016 JSE-listed Keaton Energy’s Vanggatfontein mine, in Mpumalanga, continued to perform consistently in the quarter ended June 30, producing 574 536 t of washed 2- and 4-Seam thermal coal for delivery to Eskom. Although this was 7% lower than the 617 413 t produced in the quarter ended June 30, 2015,... 

Coal-to-power projects gain ground 

     15th July 2016 African coal-to-power projects are gaining traction, with underground-coal-to-gas (UCG) thought leader Julian Mast-Ingle saying coal mining in Africa and in South Africa in particular could provide the key to powering up growth on the continent. Mining Weekly editor Martin Creamer joins senior... 

Coal India sees rising import costs helping to trim stockpiles

By: Bloomberg     15th July 2016 Coal India, the world’s biggest producer of the fuel, sees rising international prices helping it shrink swollen stockpiles and gain more buyers as domestic customers shun imports in favor of local supplies. Increasing Australian and South African prices have made imports more expensive, which... 

Chinese consortium to invest $2.8bn in South Africa industrial zone

By: Reuters     15th July 2016 A group of Chinese investors will pump more than R40-billion ($2.81-billion) into the South African economy to build an industrial park, government said on Thursday. The trade ministry said a consortium of Chinese investors led by Hong Kong Mining Exchange would invest in power, pig iron and... 

Whitehaven boosts coal production 35%

By: Mariaan Webb     15th July 2016 Gunnedah basin coal miner Whitehaven Coal produced 19.7-million tonnes of coal in the 2016 financial year, ended June 30, which is a 35% increase on the previous corresponding period. Whitehaven, which owns four opencut mines and one large underground mine in New South Wales, delivered in its... 

Biomass dust combustion plant project, Finland

By: Sheila Barradas     15th July 2016 The project entails the supply of a biomass dust combustion plant for Finnish utility company Seinäjoen Energia Oy. 

Indian group could build power plant at Moz coal mine

By: Keith Campbell     15th July 2016 Indian coal company International Coal Ventures Limited (ICVL) is considering building a thermal power plant at its Benga coal mine in Mozambique’s Tete province. ICVL is a consortium of State-owned companies, originally created in 2009 in an initiative by the Ministry of Steel, the main members... 

Think long

By: Terence Creamer     15th July 2016 For some time now, State-owned electricity utility Eskom has been signalling that it intends overhauling the way it sources coal. Ever since Brian Molefe took over as CEO, he has questioned whether it is appropriate for Eskom to invest directly in mines through cost-plus supply contracts with... 

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