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Fortescue CEO Andrew Forrest
Billionaire Forrest backs carbon levy on Australia fossil fuels
26th February 2024 By: Bloomberg

Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s... 


A Sasol sign at its Secunda plant
Sasol reports 34% decline in half-year profit
26th February 2024 By: Reuters

Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals... 


The loan seeks to refinance a bridge loan to back the acquisition of the Daunia and Blackwater (pictured) coal mines in Queensland from BHP.
Private credit dominates Whitehaven Coal's $1.1bn loan
26th February 2024 By: Bloomberg

Australian coal firm Whitehaven Coal drew 17 private credit providers and one bank for a $1.1-billion loan to buy two mines, the latest example of direct lenders benefiting from banks’ tighter... 


Fish being released into the Loskop Dam Nature Reserve
Thungela launches fish breeding facility in Mpumalanga
23rd February 2024 By: Tasneem Bulbulia

Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore... 


Coal load and haul operations
Thungela warns of lower earnings on back of Ensham deal
23rd February 2024 By: Marleny Arnoldi

JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,... 


Image of the Metso Outotec mineral wool furnace
Electric mineral wool melting furnace reduces emissions
23rd February 2024

The mineral wool industry is switching from traditional gas- or coal-fired cupola furnaces to electric furnaces for the melting of raw materials, in an attempt to reduce carbon dioxide (CO2)... 


Eskom's transmission infrastructure
Eskom eschews $2.5bn of cheap loans as climate pact flounders
23rd February 2024 By: Bloomberg

South Africa’s State power utility has failed to tap $2.5-billion of cheap loans to build critical transmission infrastructure that would help end the country’s crippling energy crisis. That’s... 


Teck expects to close coal unit sale to Glencore by Q3, CEO says
Teck expects to close coal unit sale to Glencore by Q3, CEO says
23rd February 2024 By: Reuters

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... 


Two hands holding raw coal
Coal mining to move to more sustainable practices
23rd February 2024 By: Halima Frost

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... 


Mining consultancy SRK Consulting MD Andrew van Zyl
Continued exploration, mine development in 2024
23rd February 2024

With Africa’s substantial and varied mineral endowment being undisputed, the year ahead will likely see ongoing progress in exploration and mine development, in both traditional metals and the... 


Photo of Terence Creamer
Crunch time
23rd February 2024 By: Terence Creamer

The consequences of policy failure in electricity are so obvious there is no need to ventilate them again. Not so for gas, however, given that they are only visible to those manufacturers that have... 


anglo american sign and logo
Anglo to focus on cost cutting following disappointing 2023 performance
22nd February 2024 By: Darren Parker

Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22.... 


Wayne Warren, Sales Manager Africa for Pilot Crushtec
Pioneering crushing and screening solutions for cleaner energy minerals
22nd February 2024 By: Dimpho Madiba

Pilot Crushtec's crushing and screening solutions are key for a wide range of applications within the energy minerals sector, and the company has built a significant footprint in these industry... 


Cape Town mayor Geordin Hill-Lewis
Cape Town driving forward with renewable energy, climate resilience programmes
22nd February 2024 By: Rebecca Campbell

Last year, Cape Town paid out R25-million to businesses which sold their surplus renewable energy to the city. And, starting this year, private citizens will be able to do the same. These... 


Awards will showcase African supply chain excellence
22nd February 2024

Entries are open for the 2024 Africa Supply Chain Excellence Awards. This prestigious annual event, which is now in its third year, acknowledges the vital role played by supply chain management and... 


Teck Resources Q4 profit beats targets on strong coal sales, copper output
Teck Resources Q4 profit beats targets on strong coal sales, copper output
22nd February 2024 By: Reuters

Canadian miner Teck Resources beat fourth-quarter profit estimates on Thursday, helped by an increase in steelmaking coal sales and record copper production. The company also benefited from higher... 


Minerals Council CEO Mzila Mthenjane
Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

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... 


Coal output needs to rise as demand jumps, Indian official says
Coal output needs to rise as demand jumps, Indian official says
22nd February 2024 By: Bloomberg

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... 


China's top coal producing region tells miners to curb overproduction
21st February 2024 By: Reuters

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... 


Glencore's head office
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
21st February 2024 By: Marleny Arnoldi

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... 


Breaking gender roles to achieve real inclusivity in the energy sector
Breaking gender roles to achieve real inclusivity in the energy sector
21st February 2024

By Desiree Hlubi, Brand Manager of Sisi Safety Wear Women are often underrepresented in technical industries, particularly within South Africa’s power and energy sectors. In the coal sector, they... 


A rail line in South Africa
Mozambique port critical to chrome exports gets upgraded railway link
21st February 2024 By: Bloomberg

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... 


An image showing part of Sibanye-Stillwater's Marikana operation
Unions express dismay over mining sector retrenchments
20th February 2024 By: Tasneem Bulbulia

Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining... 


JSW Steel in talks with Australia's Whitehaven for coal mine stake
JSW Steel in talks with Australia's Whitehaven for coal mine stake
20th February 2024 By: Reuters

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... 


India gets 40 bids for commercial coal mines
India gets 40 bids for commercial coal mines
20th February 2024 By: Reuters

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... 


President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.
Colombia Bill seeks permanent legal ban on new coal contracts
20th February 2024 By: Bloomberg

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... 


BHP CEO Mike Henry
Worst of inflationary wave over, says BHP CEO
20th February 2024 By: Mariaan Webb

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... 


Company calls for Finance Minister to announce incentives to drive EV industry growth
19th February 2024 By: Schalk Burger

Electric vehicle (EV) renewable energy charging infrastructure company Zero Carbon Charge is calling on Finance Minister Enoch Godongwana to announce a series of fiscal measures to incentivise the... 


Coal India to bid for 3 mines in critical minerals auctions in Feb
19th February 2024 By: Bloomberg

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... 


UCT research aims to help stakeholders mitigate mine closure risks
19th February 2024 By: Tasneem Bulbulia

Research published in the International Journal of Mining by University of Cape Town (UCT) Future Water Institute academic Dr Megan Cole has indicated that 48 of South Africa’s 230 operating mines... 


WearCheck’s technical manager, Steven Lumley
SLIDING THROUGH TIME: Lubrication from stone age to modern age
19th February 2024

In part one of Lubrication from Stone Age to Modern Age (WearCheck Technical Bulletin 88), we slid through 5,000 years of lubrication history and left off at the end of the age of enlightenment in... 


Energy transition driving continued surge in metals, mining M&A activity
16th February 2024 By: Tasneem Bulbulia

The ongoing surge in mergers and acquisitions (M&A) activity in the metals and mining sector is expected to continue into this year, driven by the global energy transition, with industry players... 


MOZAMBIQUE-SECUNDA PIPELINE
Rompco operates the 865 km pipeline linking Mozambique’s gas fields to markets in Mozambique and industrial operations in Secunda
Pipeline progress enhances Southern Africa’s energy market, capacity
16th February 2024 By: Simone Liedtke

Gas is a key enabler for economic growth and social development in the Southern Africa region, and a cleaner alternative to fossil fuels, says joint venture (JV) Republic of Mozambique Pipeline... 


Locomotives owned by Transnet Freight Rail
EIB in talks with South Africa over loan for ports, freight rail
15th February 2024 By: Bloomberg

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... 


An image showing stockpiles at the Rukwa coal mine
Shuka settles legacy dispute with Upendo Group over Tanzania licence
15th February 2024 By: Tasneem Bulbulia

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... 


Sovereign brings seasoned ESG officer on board for Kasiya development
15th February 2024 By: Marleny Arnoldi

ASX- and Aim-listed titanium and graphite miner Sovereign Metals has appointed Marco Da Cunha as lead environmental, social and governance (ESG) officer. Da Cunha has almost 20 years’ experience in... 


Rand Currency
S Africa's budget to consolidate more slowly, rate cuts delayed – poll
15th February 2024 By: Reuters

South Africa's budget deficit will narrow at a slower pace in coming years than October estimates predicted, put off course by poor mining tax receipts, according to a Reuters poll which also... 


Whitehaven Coal tumbles as profit drops, dividend misses consensus
Whitehaven Coal tumbles as profit drops, dividend misses consensus
15th February 2024 By: Reuters

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... 


Energy Minister Jonathan Wilkinson
Risk of stranded LNG assets is 'real', Canada’s Wilkinson says
14th February 2024 By: Bloomberg

The US decision to pause approvals of new licenses to export liquefied natural gas is welcome, and there are “real” risks that some infrastructure will end up stranded, Canada’s Energy Minister... 


Coal India to add new mines, expand existing ones to meet higher demand, chairman says
14th February 2024 By: Reuters

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.... 


ROMPCO to address looming gas-supply crisis at Africa Energy Indaba 2024
ROMPCO to address looming gas-supply crisis at Africa Energy Indaba 2024
14th February 2024

The Africa Energy Indaba 2024 is a significant event in the energy sector, bringing together industry leaders, policymakers, innovators, and stakeholders. Republic of Mozambique Pipeline... 


Komati Power Station
South Africa’s inaugural Grid Emission Measure highlights coal dependence
14th February 2024 By: Bloomberg

South Africa produced its inaugural official gauge of the carbon intensity of its electricity production, confirming its status as one of the world’s top producers per capita of greenhouse gases.... 


Australia fossil fuels should face new climate levy, experts say
Australia fossil fuels should face new climate levy, experts say
14th February 2024 By: Bloomberg

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,... 


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