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Coking coal prices remain under pressure amid weak steel production
23rd July 2024 By: Sabrina Jardim

Research agency BMI has maintained its Australian coking coal price forecast for this year at $260/t, as prices remain under pressure as a result of weak demand. BMI notes in its ‘Coking Coal... 


Synthetic jet fuel
Sasol reports improvements across the energy segments, but volatility remains
22nd July 2024 By: Marleny Arnoldi

Petrochemicals giant Sasol has reported a 3% year-on-year increase in mining productivity for the 2024 financial year ended June 30, with productivity of 983 tons per continuous miner per shift... 


Singapore's GEAR secures $850m for South32's Australian coking coal - sources
Singapore's GEAR secures $850m for South32's Australian coking coal - sources
22nd July 2024 By: Reuters

A consortium led by Singapore's Golden Energy and Resources (GEAR) has secured $850-million to buy South32's Australian coking coal assets, two sources told Reuters, as private credit continues to... 


Solar loops
Heatwaves driving strong growth in electricity demand – IEA
19th July 2024 By: Marleny Arnoldi

Energy demand growth is forecast to be among the highest levels this year and next, compared with the last two decades, the International Energy Agency (IEA) notes in its ‘Electricity Mid-Year... 


South Africa to lay out carbon market regulation proposals
19th July 2024 By: Bloomberg

South Africa’s National Treasury plans to lay out its proposals for how to regulate carbon markets in the country in the next few months. The government department said it plans to publish a... 


Whitehaven sees higher near-term coal prices
Whitehaven sees higher near-term coal prices
19th July 2024 By: Mariaan Webb

Australian coal miner Whitehaven is forecasting higher metallurgical coal prices over the near and long term, citing production constraints of hard-coking coal from Australian producers, combined... 


An image showing construction at Seriti Green's Emoyeni project
Seriti progressing Mpumalanga wind energy project as it transforms to diversified energy company
19th July 2024 By: Tasneem Bulbulia

Seriti Green, a Seriti Resources subsidiary, is progressing the country’s first majority black-owned wind farm, the Ummbila Emoyeni project in Mpumalanga, which would also mark the province’s... 


Powerlines
Eskom makes shock objection to issuance of trading licences
18th July 2024 By: Terence Creamer

Eskom has lodged a surprise objection to the issuance of licences to private traders in areas where its distribution entity currently holds a licence, arguing that the current rules of the National... 


Transnet locomotives on a railway line
AfDB approves R18.85bn loan for Transnet's business recovery plan
18th July 2024 By: Creamer Media Reporter

The African Development Bank Group (AfDB) has approved an R18.85-billion, or $1-billion, corporate loan to South Africa's State-owned freight transport and logistics group Transnet for its recovery... 


An image showing data analysis at Komatsu's Smart Services Centre
Komatsu centre leveraging data to improve mining equipment performance on-site
17th July 2024 By: Tasneem Bulbulia

Mining and industrial machinery developer and manufacturer Komatsu’s Smart Services Centre, in eMalahleni, is capitalising on data to assist coal mining companies to optimise productivity, ensure... 


Clara completes Ashford coking coal buy
17th July 2024 By: Creamer Media Reporter

ASX-listed Clara Resources on Wednesday announced the completion of the Renison Coal acquisition and is now the sole owner of the Ashford coking coal project, in New South Wales. Clara bought the... 


Forestry, Fisheries and the Environment Minister Dr Dion George
George promises wide consultation on 2025 decarbonisation pledge
16th July 2024 By: Terence Creamer

Forestry, Fisheries and the Environment Minister Dr Dion George has promised “wide consultation” on South Africa’s next nationally determined contribution (NDC) decarbonisation pledge that will be... 


Hive Hydrogen GM Colin Loubser
Green ammonia ousting coal in power stations, R105bn hydrogen developer reports
15th July 2024 By: Martin Creamer

Huge demand for green ammonia from power stations is being seen by the developer of South Africa’s R105-billion green hydrogen to green ammonia project in the Eastern Cape. But this new development... 


President Cyril Ramaphosa
Carbon intensity of our economy has become unsustainable - Ramaphosa
15th July 2024 By: Terence Creamer

The carbon intensity of our economy has become unsustainable, President Cyril Ramaphosa writes in his latest weekly newsletter, published ahead of his address to a climate finance symposium being... 


Botswana seeks Mozambique rail route to exploit coal billions
15th July 2024 By: Bloomberg

The leaders of three southern African nations signed a deal to proceed with a rail and port project to help land-locked Botswana export its massive coal reserves through a Mozambican port, though... 


China's June coal imports rise as heat boosts electricity demand
China's June coal imports rise as heat boosts electricity demand
12th July 2024 By: Reuters

China's coal imports in June rose 12% year-on-year, customs data showed on Friday, as heatwaves in the world's top consumer of the fuel supported demand. Shipments to China were 44.6-million... 


Teck bids farewell to coal, sets sights on copper
Teck bids farewell to coal, sets sights on copper
12th July 2024 By: Mariaan Webb

Canadian mining giant Teck Resources has successfully concluded its exit from coal with the conclusion on Thursday of the sale of its remaining 77% stake in its Elk Valley Resources (EVR)... 


New Age sells UK coal project, focus tilts to Australia, NZ
11th July 2024 By: Creamer Media Reporter

ASX-listed New Age Exploration (NAE) on Thursday announced the sale of its Lochinvar coal project, in the UK. Selling the Lochinvar project will enable NAE to focus its exploration efforts at its... 


A PGM mine owned by Implats
South Africa's mining output flat in May, but minerals sales fall by 19%
11th July 2024 By: Creamer Media Reporter

Mining production was flat in May, compared with May 2023. Statistics South Africa reports that the main positive contributors were coal and chromium ore, while gold and platinum group metals... 


China forbids new coal-based steelmaking for first time in years
China forbids new coal-based steelmaking for first time in years
11th July 2024 By: Bloomberg

China didn’t permit any coal-based steelmaking projects in the first half of the year for the first time since announcing its major climate neutrality goals in 2020, according to a report released... 


Zambia to build rare coal power plant as harsh drought hits dams
9th July 2024 By: Bloomberg

Zambia’s energy regulator approved the construction of the nation’s second coal-fired power plant, as its worst drought in decades cut output at the hydroelectric dams that account for most of its... 


Bowen Coking Coal sells 10% stake in Broadmeadow East mine
Bowen Coking Coal sells 10% stake in Broadmeadow East mine
8th July 2024 By: Creamer Media Reporter

ASX-listed Bowen Coking Coal (BCB) has completed the previously announced sale of a 10% interest in the Broadmeadow East mine for A$13-million in cash and royalties. MPC Lenton, a subsidiary of... 


Australian coal stocks rally on Anglo American mine explosion
Australian coal stocks rally on Anglo American mine explosion
5th July 2024 By: Bloomberg

Australian coal stocks are headed for their best week in years after a fire shut down one of country’s major mines, with Morgan Stanley seeing further upside for the commodity. Whitehaven Coal is... 


Anglo American extends pay for workers of fire-hit Australian mine
Anglo American extends pay for workers of fire-hit Australian mine
5th July 2024 By: Reuters

Australia's Mining And Energy Union has reached an agreement with Anglo American to extend pay until August-end for workers at its Grosvenor mine that was shut earlier this week due to an ongoing... 


Australia approves South32’s Illawarra coal sale
Australia approves South32’s Illawarra coal sale
5th July 2024 By: Mariaan Webb

The Australian Foreign Investment Review Board has approved the sale of diversified miner South32’s Illawarra metallurgical coal assets to an entity owned by Singapore’s Golden Energy and Resources... 


Canada approves Teck’s coal sale to Glencore
Canada approves Teck’s coal sale to Glencore
5th July 2024 By: Mariaan Webb

The Canadian government has approved commodities major Glencore’s acquisition of Teck Resources’ metallurgical coal business, Elk Valley Resources (EVR). The $6.9-billion transaction for a 77%... 


BHP cuts employee incentives after missing its performance goals, AFR reports
BHP cuts employee incentives after missing its performance goals, AFR reports
4th July 2024 By: Reuters

BHP has notified tens of thousands of its workers across the globe that it was cutting their incentive pay after the miner failed to meet its performance goals, the Australian Financial Review... 


A truck transporting coal, with a power station in the background
South Africa seeks to renegotiate coal pact tied to $2.6bn
3rd July 2024 By: Bloomberg

South Africa is seeking to alter the terms of a landmark agreement under which it promised to cut its reliance on coal in exchange for access to financing. The government of President Cyril... 


Anglo considers options to sell coal assets after Australia fire
Anglo considers options to sell coal assets after Australia fire
3rd July 2024 By: Bloomberg

Anglo American is considering options to push ahead with a sale of its coal business after an explosion at its flagship Australian mine, including the possibility of selling individual assets or... 


Macmahon reappointed as Dawson South mining contractor
Macmahon reappointed as Dawson South mining contractor
1st July 2024 By: Creamer Media Reporter

Mining services firm Macmahon Holdings has been reappointed as mining contractor at the Dawson South project, in Queensland. Dawson South forms part of Anglo American’s Dawson mine, an opencut... 


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