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Strike at world’s biggest coal miner seen blunted by Indian glut

By: Bloomberg     Updated 23 minutes ago India’s ample coal stockpiles may blunt the power of unions planning a strike at Coal India, the world’s biggest miner of the fuel. Labor groups including All India Coal Workers’ Federation are demanding the company start early wage talks and begin recruiting to fill vacancies, as well as calling... 

Kibo, Sepco ink new contractual deal on Mbeya

By: Natasha Odendaal     Updated 2 hours 1 minute ago AltX- and Aim-listed Kibo Mining has signed a new, redefined agreement with China-based contractor Sepco III, which can now earn the right to become the sole bidder for the engineering, procurement and construction (EPC) contract to build the power plant component of Kibo’s Mbeya coal-to-power... 

Investors keen to spend money but Australia should give them reason to invest – QRC

     Updated 2 hours 46 minutes ago The green shoots that are sprouting in the resources sector should signal a green light for governments to weed out the red tape and grow investment opportunities, says Queensland Resources Council CEO Michael Roche. Speaking at the 2016 Mining Convention in Brisbane, on Thursday, he said that... 

Free-falling Mongolia won’t be saved by commodity revival

By: Bloomberg     Updated 3 hours ago The commodity super-cycle that peaked in 2011 powered Mongolia to world-beating growth. Then came the bust and China’s recent economic slowdown that’s pushed the land of Genghis Khan into an unprecedented economic crisis this summer. Yet even though the commodity market finally has a pulse again... 

Exxaro’s sale of Inyanda given green light

By: Natasha Odendaal     24th August 2016 The Competition Commission on Wednesday gave an unconditional green light for the buyout of diversified miner Exxaro Coal’s Inyanda colliery business, in Mpumalanga, by joint venture (JV) partners Lurco Group and Burgh Group. The JV, Inyanda Mining Holdings, also titled Main Street, will take... 

Tightening supply should bode well for commodity prices – Glencore

By: Martin Creamer     24th August 2016 Diversified mining and marketing company Glencore, now with a significantly reduced debt profile, is producing its key commodities at exceptionally low operational cost, exemplified by the unit cost of the zinc it produced in the six months to June 30 coming in at the negative unit cost figure of... 

Edenville appoints new chair

By: Creamer Media Reporter      24th August 2016 Aim-listed Edenville Energy, which is developing the Rukwa coal-to-power project, in Tanzania, has appointed Dr Jeff Malaihollo nonexecutive chairperson, effective September 1. He succeeds former chairperson Sally Schofield who resigned in April, citing personal reasons. 

South Africa not surrendering its steel industry, says Davies

By: Kim Cloete     23rd August 2016 South Africa’s steel industry is facing some serious challenges, brought on by a global steel glut of 44-million tons a year, but it is vital for the country to do everything possible to maintain a sustainable, competitive steel industry as it is of strategic importance to the country, says Trade... 

Glencore, Anglo rally loses steam as miners deliver on debt cuts

By: Bloomberg     23rd August 2016 Rescue plans unveiled by embattled mining companies Glencore Plc and Anglo American Plc in the past year have won over investors. Yet a rally in the stocks is stalling this month. Glencore is barely changed in August and Anglo is up less than 4% after they more than doubled in the year through... 

Universal reiterates Sept production start date for NCC

By: Creamer Media Reporter      23rd August 2016 ASX-listed Universal Coal’s New Clydesdale Colliery (NCC), in South Africa’s Mpumalanga province, remains on schedule for the production of first coal in September. Coal mining contractor STA Coal Mining Company has been appointed to conduct the underground mining and has begun to re-establish... 

Citigroup says this ‘hot commodity’ is destined to cool off soon

By: Bloomberg     23rd August 2016 Iron-ore, dubbed by Citigroup as one of the hot commodities of 2016, looks set to cool off. Prices may sag toward the end of the year and into 2017 as supply rises and steel demand fades, the bank said, adding to the list of banks that are calling time on an unexpected rally. The raw material... 

Illinois granted ‘superpriority’ claims to Peabody’s self-bonding obligations 

By: Henry Lazenby     23rd August 2016 The US state of Illinois has reached a ‘superpriority’ settlement agreement with major coal producer Peabody Energy relating to the company’s self-bonding obligations in the state. This is the fourth superpriority settlement agreement, following agreements with Wyoming, New Mexico and Indiana... 

Sasol’s Shondoni mine nearing completion

By: Megan van Wyngaardt     22nd August 2016 Construction of energy and chemical company Sasol’s R15.3-billion Shondoni mine, near Secunda, is approaching completion, with operations at three coal production sections expected to start this month through the new incline conveyor. The mine, which is set to replace the ageing Middelbult mine,... 

South Africa won’t change IPP course ‘midstream’ 

By: Terence Creamer     22nd August 2016 Cabinet appears to have put paid to Eskom efforts to halt the country’s highly regarded independent power producer (IPP) programme, with Minister in The Presidency for Performance Monitoring and Evaluation Jeff Radebe indicating on Monday that there was no intention to “change course midstream”.... 

India readies policy for disposal of washery rejects, surplus coal production

By: Ajoy K Das     22nd August 2016 India’s Coal Ministry is ready to unveil a comprehensive policy on the disposal of washery rejects, middlings and coal surplus by private miners in a bid to streamline the process of attracting private sector investment in adding value to the dry fuel. The Coal Ministry will convene a... 

Wind, solar can supply bulk of South Africa’s power at least cost, CSIR model shows 

By: Terence Creamer     22nd August 2016 The dramatic fall in the cost of supplying power from wind and solar photovoltaic (PV) plants has moved the global electricity supply industry beyond a critical “tipping point”, which leading energy scientist Dr Tobias Bischof-Niemz says is irreversibly altering the operating model, with... 

Mantle chooses Morning Star over Norton

By: Megan van Wyngaardt     22nd August 2016 ASX-listed Mantle Mining plans to accelerate the restart of gold production at its large, high-grade Morning Star gold mine, in Victoria, following the completion of an internal review. The 95%-owned project, which holds an 80 000 t/y processing plant on site, is being prioritised above Mantle's... 

We did it, you should too: Ore-ban talk gathers pace in Asia

By: Bloomberg     22nd August 2016 The Philippines should follow Indonesia’s lead and prohibit the export of raw metal ores, according to National Development Planning Minister Bambang Brodjonegoro, who said he was a big supporter of the curbs imposed by his country and results so far have been a success. The restrictions have... 

CIC said to pursue $9-billion Vale iron-ore streaming deal

By: Bloomberg     20th August 2016 China Investment Corp (CIC), the $814-billion sovereign fund, is leading a Chinese investor group in talks for a multibillion-dollar iron-ore streaming deal with Brazil’s Vale, people familiar with the matter said. The consortium is negotiating the potential purchase of a portion of Vale’s... 

High-Performance Material Handling Technologies on Display at MINExpo 2016

     19th August 2016 A broad range of advanced technologies for safer and more productive bulk handling will be on display at MINExpo INTERNATIONAL® 2016, as Martin Engineering unveils new and improved component designs for conveyor belt cleaning, dust management, load containment, risk reduction and improved... 

Adani overcomes another legal challenge to Galilee basin coal mine

By: Megan van Wyngaardt     19th August 2016 Proceedings brought against Indian group Adani’s 11-billion-ton Carmichael coal mine project, by a member of the Wangan and Jagalingou people, earlier this year, have been dismissed by the Federal Court. The group argued that a determination made in April 2015 by the National Native Title... 

Mozambique's coal mines shed 4 000 jobs as coal price drops – State news agency

By: Reuters     19th August 2016 Nearly 4 000 coal miners have lost their jobs in Mozambique's Tete province over the past year as mining firms such as Brazil's Vale cut back due to lower prices, the African nation's state news agency said on Thursday. Vale, which operates an open cast coal mine in the northwestern part of one... 

A commodities rebound is accelerating right on China’s doorstep

By: Bloomberg     19th August 2016 China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building – emerging economies in Southeast Asia. Combined gross domestic product in the ASEAN-5 nations – Indonesia, Thailand, Malaysia, the Philippines and Vietnam –... 

On-The-Air (19/08/2016) 

By: Martin Creamer     19th August 2016 Illegal occupation of the Obuasi gold mine in Ghana by ‘galamsey’ miners is dealing a devastating blow to South African investors. South African project engineering company DRA is hitting the high spots as a developer of new gold mines in Africa. A revolutionary new gold-mining... 

Caterpillar to cut nearly 200 jobs as it seeks alternatives for certain underground products

By: Henry Lazenby     19th August 2016 In dealing with the longest down cycle in its 90-year history, US mining equipment manufacturer Caterpillar is pursuing strategic alternatives for its room-and-pillar products and discontinuing the manufacture of track drills. The Peoria, Illinois-based company said Thursday it would forthwith... 

Coal export line expansion project, South Africa

By: Sheila Barradas     19th August 2016 The expansion of the rail line’s capacity is 79% complete. 

Consulting firm warns of ‘vicious cycle of defection’ from Eskom, municipalities

By: Mia Breytenbach     19th August 2016 The rapid decline in renewables pricing, large-scale battery production and new technologies reducing the price of storage, which will make renewables feasible on a larger scale within 15 years is putting State-owned power utility Eskom at risk of losing electricity demand to the... 

Contractor for Mpumalanga power lines EIA named

By: David Oliveira     19th August 2016 Engineering and environmental consultants Jones & Wagener announced earlier this month that it had been appointed to undertake an environmental impact assessment (EIA) for the proposed construction of two loop-in and loop-out 400 kV power lines to connect the approved KiPower independent power... 

Rukwa coal-to-power project, Tanzania

By: Sheila Barradas     19th August 2016 Edenville Energy is mulling its options to leverage the opportunity that the Tanzanian government’s immediate ban on coal imports provides for its project. 

Exxaro eyes more renewables

By: Natasha Odendaal     18th August 2016 Following the success of its entry into renewable energy through a 50% wind farm joint venture (JV) with Tata Power, diversified miner Exxaro Resources is exploring further opportunities in clean energy. Independent power producer (IPP) Cennergi had marked its first income generation following... 

Tsitsikamma wind farm reaches commercial operation

By: Megan van Wyngaardt     18th August 2016 The 95 MW Tsitsikamma Community wind farm project, in the Eastern Cape, this week started commercial operation, marking the second wind farm by independent power producer Cennergi to achieve the milestone this year. Cennergi, a 50:50 joint venture between coal miner Exxaro Resources and India’s... 

Aspire starts feasibility study for Mongolia rail project

By: Mariaan Webb     18th August 2016 Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has started the first stage of the rail feasibility study for the Erdenet to Ovoot railway, which is critical to the development of the Ovoot coking coal project. The railway forms part of the new Northern Rail... 

Whitehaven posts profit in strong turnaround

By: Mariaan Webb     18th August 2016 Australian coal miner Whitehaven is positive about the medium- and long-term outlook for coal, particularly high-quality coal, MD and CEO Paul Flynn said on Thursday, as he reported on the company’s 2016 financial year-end results. The ASX-listed coal miner, which owns mines in New South Wales’... 

After years of pain, coal becomes one of the hottest commodities of 2016

By: Reuters     18th August 2016 Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Cargo prices for Australian thermal coal from its Newcastle terminal, seen as the Asian... 

Kibo signs on Norton Rose to assist with Mbeya PPA

By: Megan van Wyngaardt     17th August 2016 Dual-listed Kibo Mining has rallied law firm Norton Rose Fulbright to assist with the preparation and negotiation of commercial arrangements and agreements pertaining to a power purchase agreement (PPA) with the Tanzanian government and power distribution company Tanesco for the Mbeya... 

AMSA chief says rising rand to take gloss off recovery

By: Terence Creamer     17th August 2016 ArcelorMittal South Africa (AMSA) CEO Wim de Klerk says he still expects the steel group to enjoy a better second half than was the case in the six months to June 30, but admits that the recent strengthening in the rand against the US dollar is likely to weigh on financial performance. The... 

Wescoal’s shares rise on signing of long-term Elandspruit supply agreement

By: Creamer Media Reporter      17th August 2016 JSE-listed Wescoal’s shares rose 17% on Wednesday after the company announced that it had signed a long-term coal supply agreement (CSA) with Eskom for the Elandspruit colliery. “This brings to fruition a major project for the Wescoal team. This long-term position significantly de-risks future... 

DRA enjoying rise in gold project share, eyeing more gold opportunities 

By: Martin Creamer     17th August 2016 Mining project house DRA, which has hit the gold project high spots in particularly West Africa, is now well poised to extend that gold triumph further into Central Africa, East Africa and also South Africa. DRA’s impressive penetration of the gold project market has been characterised by... 

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