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Coal price expected to average $100/t as China turns to South Africa for coal 

By: Martin Creamer     15th January 2021 China is buying South African coal at a time when analysts are forecasting a buoyant average coal price of $100/t for the first half (H1) of 2021. The purchase of South African coal by China follows Chinese relations with Australia deteriorating last year and imports of coal from Australia being... 

Indonesia to revise royalty rates on coal, gold in bid to boost revenue

By: Reuters     15th January 2021 Indonesia plans to adjust its royalty payment policies on sales of gold and coal in an effort to boost state revenues as prices of the two commodities recover, an official said on Friday. The world's top exporter of thermal coal expects a recovery in prices and exports this year after scoring a... 

Edenville agrees revised repayment schedule with Lind

By: Tasneem Bulbulia     15th January 2021 Aim-listed Edenville Energy has agreed a revised repayment schedule with Lind Partners, following constructive dialogue with the company regarding the repayment terms of its outstanding funding agreement with Lind. As announced on October 6, 2020, Lind requested Edenville repay the total... 

Eskom suspends rolling blackouts as demand ebbs  

By: African News Agency      8th January 2021 South African electricity company Eskom said on Friday it was suspending rolling power cuts implemented this week as demand had dropped ahead of the weekend. Eskom, which supplies about 95 percent of the country’s electricity mainly through coal, however urged consumers to continue using the... 

Teck, First Nation ink agreement to conserve 7 000 ha of land

By: Simone Liedtke     8th January 2021 The Ktunaxa Nation and TSX-listed Teck Resources have signed a joint management agreement for the conservation of more than 7 000 ha of land bought by Teck in 2013. The lands are part of Teck’s steelmaking coal operations in southeast British Columbia. 

Coal sales to rebound with first gains in years in US, Europe

By: Bloomberg     18th December 2020 Global coal demand is poised to rebound next year as the economy recovers and the US and Europe may see the first increase in consumption in several years, the International Energy Agency said. Despite the global shift toward economies based on renewable energy, the dirtiest fossil fuel looks... 

Ramaphosa appoints Climate Change Commission members 

By: African News Agency      18th December 2020 South African President Cyril Ramaphosa has appointed members of the Climate Change Coordinating Commission established to coordinate and oversee the transition towards a low-carbon and climate change resilient economy. A statement from the Presidency late on Thursday said the commission, an... 

Tigers Realm completes institutional placement

By: Esmarie Iannucci     18th December 2020 Coal developer Tigers Realm Coal has completed the institutional component of its entitlement offer, raising an initial A$17.2-million. The company earlier this week announced plans to raise up to A$43.5-million through an accelerated renounceable rights offer to fund the construction and... 

AngloGold says will achieve strong yearly free cash flow performance 

By: Chanel de Bruyn     18th December 2020 Gold miner AngloGold says it is on track to build on the robust free cash flow of $516-million in the first nine months of the year and is expected to post its strongest annual free cash flow performance in almost a decade. In a year-end update published on December 18, interim CEO Christine... 

Renewable future for defunct Australian coal mine

By: Esmarie Iannucci     18th December 2020 The federal and New South Wales state government is backing plans by Centennial Coal to potentially turn an old coal mine into a source of reliable renewable energy to power New South Wales. Centennial is investigating the feasibility of turning its underground coal mine at Lake Macquarie into... 

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