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Mukhtar Babayev
COP29 leaders unveil climate funding and energy storage goals
17th September 2024 By: Reuters

Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with... 


New Hope's annual profit drops on lower coal prices
New Hope's annual profit drops on lower coal prices
17th September 2024 By: Reuters

Australia's New Hope reported an annual profit on Tuesday that fell 56.2%, hurt by lower average realised prices of coal. The miner reported a full-year net profit attributable of A$475.9-million,... 


New Hope eyes growth as it bids for Anglo American coal assets
New Hope eyes growth as it bids for Anglo American coal assets
17th September 2024 By: Reuters

Australian coal miner New Hope has built up a war chest to fund its growth plans which could include the coal assets of Anglo American in Queensland if its bid is successful, CEO Rob Bishop said on... 


New Sasol chairperson Muriel Dube
Sasol appoints Dube as new chair as sustainability pressures rise
16th September 2024 By: Terence Creamer

JSE-listed chemicals and energy group Sasol has appointed Muriel Dube, a former government climate negotiator, as its new chairperson following the resignation of Sipho Nkosi from the position in... 


South Africa told by Germany its energy transition too slow
13th September 2024 By: Bloomberg

South Africa has been told that the pace of its energy transition is too slow by a key funder, Germany, Environment Minister, Dion George, said. Germany is one of the partners in the so-called Just... 


Britain's approval for new coal mine unlawful, court rules
Britain's approval for new coal mine unlawful, court rules
13th September 2024 By: Reuters

Britain's approval of its first new deep coal mine in decades was unlawful, London's High Court ruled on Friday following a legal challenge brought by environmental campaigners. Friends of the... 


Newly passed coal royalty law threatens Queensland's competitiveness, warns QRC
Newly passed coal royalty law threatens Queensland's competitiveness, warns QRC
13th September 2024 By: Mariaan Webb

The Queensland Resources Council (QRC) warned on Friday that coal royalties legislation which passed through state Parliament this week had further damaged Queensland’s competitiveness and would... 


South Africa's mining output down 1.4% y/y in July
12th September 2024 By: Creamer Media Reporter

South Africa's mining production decreased by 1.4% year-on-year in July, Statistics South Africa reports. The largest negative contributors were iron-ore (-19% and contributing -2.8 percentage... 


TFR locomotives
Transnet breaches loan terms again as debt weighs on investment
11th September 2024 By: Bloomberg

Transnet breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s constraining investments needed to resurrect its ailing... 


China has more than 1bn t/y of new coal mines in pipeline, report says
China has more than 1bn t/y of new coal mines in pipeline, report says
10th September 2024 By: Reuters

China accounts for more than half of the world's pipeline of new coal mines, risking a significant increase in methane emissions, a new study published on Tuesday showed. China is developing... 


Development Bank of Southern Africa Chief Economist Zeph Nhleko.
Development finance institutions are key architects of hydrogen economy – Nhleko
9th September 2024 By: Martin Creamer

Development finance institutions (DFIs) are more than just financial supporters of the hydrogen economy, they are important architects of its future, Development Bank of Southern Africa (DBSA)... 


MC Mining appoints new nonexec director
9th September 2024 By: Marleny Arnoldi

JSE-, ASX- and Aim-listed coal miner MC Mining has appointed Dr Steele West as a nonexecutive director to the board, effective September 9. He succeeds Douglas Abrahams, who is stepping down from... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
African Rainbow Minerals wants to maximise the equity it has in Harmony Gold
6th September 2024 By: Martin Creamer

The global market is going through a very challenging time right now, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe noted on Friday, when the Johannesburg Stock... 


TFR locomotives
Private train operators could access Transnet's rail network by April 2025, says business development exec
5th September 2024 By: Schalk Burger

State-owned Transnet Group chief business development officer Yolisa Kani has said calls for applications for private train operators wanting to access the freight rail network are likely to open... 


Dartbrook producing coal once more
Dartbrook producing coal once more
5th September 2024 By: Mariaan Webb

The Dartbrook mine, in the Hunter Valley of New South Wales, has produced coal for the first time since the mine was placed into care-and-maintenance 18 years ago, Australian Pacific Coal (AQC)... 


The Tshipi manganese mine
Mining input inflation again outpaces PPI in July
4th September 2024 By: Marleny Arnoldi

The Minerals Council South Africa finds in its latest index that mining input costs increased by 6.4% year-on-year in July. The increase matches that of June, with yearly input costs having held... 


Stanmore expands Isaac South with new agreement
Stanmore expands Isaac South with new agreement
4th September 2024 By: Mariaan Webb

Australian coal miner Stanmore has entered into an agreement with Anglo American and Exxaro, the participants of the Moranbah South joint venture, to explore and study designated area of tenements... 


Sasol CEO Simon Baloyi
Sasol confirms refinements being made to emissions reduction pathway
3rd September 2024 By: Terence Creamer

Energy and chemicals group Sasol has reiterated that its target to reduce its greenhouse-gas (GHG) emissions by 30% by 2030 remains in place, but has also confirmed that it is refining its... 


The Hendrina power station
Germany seeks clarity on South Africa’s coal-closure slowdown
3rd September 2024 By: Bloomberg

Germany’s climate envoy said her country is seeking clarity on South Africa’s plans to slow down the closure of its coal-fired power plants and alter the terms of a landmark climate-finance pact.... 


Coal generates less than half of Australian power for first time
Coal generates less than half of Australian power for first time
3rd September 2024 By: Bloomberg

The high winds that have been lashing southeastern Australia over the past few days have pushed coal-fired power below 50% of the country’s power mix for the first time ever. The fossil fuel... 


South Africa’s pilot carbon capture scheme officially inaugurated
2nd September 2024 By: Rebecca Campbell

The Council for Geoscience (CGS) on Monday announced that the country’s first carbon capture, utilisation and storage (CCUS) research site had been officially inaugurated. This marked the... 


Transnet CEO Michelle Phillips delivering Transnet's 2024 results
Phillips confirms 193Mt ‘stretch target’ for rail amid criticism that recovery plan lacks ambition
2nd September 2024 By: Terence Creamer

Transnet CEO Michelle Phillips has acknowledged criticism over the pace at which it plans to recover rail volumes and has reported that an internal “stretch target” of 193-million tons has been set... 


South Africa is losing its trade competitiveness edge
2nd September 2024 By: Schalk Burger

Enormous investments are being made in ports, rail and transport logistics in Southern Africa, as well as more broadly in Africa, including by international companies and consortia. "Global... 


Northam CEO Paul Dunne and diesel power generation.
Northam Platinum enters into 180 MW solar farm agreement at energy-intensive mine
30th August 2024 By: Martin Creamer

Platinum group metals (PGMs) and chrome producer Northam has entered into a power purchase agreement with an independent power producer for an 180 MW solar farm at its Zondereinde PGM mine on the... 


Transnet CEO Michelle Phillips (left) and NDB president Dilma Rousseff
NDB signs R5bn loan agreement with Transnet
30th August 2024 By: Irma Venter

The New Development Bank (NDB) on Friday signed a R5-billion loan agreement with State-owned freight transport and logistics group Transnet. The agreement was signed during the NDB’s ninth yearly... 


Eskom CEO Dan Marokane
Marokane says ‘holistic’ conversation needed on tariff rules and other regulatory gaps
30th August 2024 By: Terence Creamer

Eskom CEO Dan Marokane says the State-owned company is eager to participate in a “holistic conversation” about the gap that has emerged between the changes under way in the electricity sector and... 


Port of Nqura laoding container on truck
TPT recovery on track but can be better, CE says
28th August 2024 By: Darren Parker

State-owned Transnet Port Terminals (TPT) CE Jabu Mdaki has expressed satisfaction with the company's progress in meeting its Phase 1 recovery plan targets, while also acknowledging the need for... 


MC Mining's Vele mine
Hong Kong-listed company to acquire majority interest in MC Mining for $90m
28th August 2024 By: Creamer Media Reporter

South African coal miner MC Mining has entered into an agreement with Hong Kong-listed coal mining and trading group Kinetic Development Group (KDG), which will acquire a 51% interest in MC Mining... 


A railway line in KwaZulu-Natal that had to be repaired following a 2021 flood
TFR managing less than half of its maintenance investment requirements
28th August 2024 By: Darren Parker

State-owned Transnet Freight Rail (TFR) is meeting less than half of its necessary maintenance investment, with inflation significantly expanding the gap in year-on-year funding requirements.... 


Iron-ore produced by Kumba being transported by rail
Freight rail underperformance cost South Africa’s bulk mining sector R140bn in the last super cycle
28th August 2024 By: Darren Parker

Owing to domestic logistics constraints, South Africa’s coal and iron-ore bulk mining sectors were unable to capitalise on the last super cycle from 2021 to 2023, resulting in an estimated... 


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