Glencore provides background information on coal demerger
It has always been our view that the question of whether to demerge our coal business is one for our
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Coal
Exxaro: 1Q24 remained challenging due to low offtake from Eskom
The bearish trend on pricing continued from 2023 into 1Q24, mainly driven by sufficient supply of coal in major markets
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Exxaro: Economic outlook for 2H24
Various headwinds to the anticipated global growth rates include financial conditions that will be less accommodative than expected and geopolitical
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Exxaro coal production / sales volume to decrease by 14% / 12%
As of 31 May 2024, the group has achieved a total of twenty-one months without a work-related fatality. The current
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Uitkomst Colliery sells coal to steelmaking and thermal coal markets
The turnaround plan (Operation Phenduka) introduced at the underground Uitkomst Colliery (Uitkomst) earlier this year continues to yield tangible and
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Makhado Project is ongoing in preparation for procurement
The detailed design of the coal handling and processing plant (CHPP) and related infrastructure for the Makhado Project is ongoing
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Thungela aims to its 2023 guidance despite continued rail challenges
Operational agility sees Thungela confirm its full year 2023 guidance despite continued rail challenges, while also achieving higher than expected
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BHP announces divestment of the Blackwater and Daunia coal
BHP and Mitsubishi Development Pty Ltd (MDP) have signed Asset Sale Agreements to divest the Blackwater and Daunia mines, which
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MC Mining: Greater Soutpansberg Projects update
Exploration and development of the three Soutpansberg coalfield projects namely the Chapudi, Mopane and Generaal project areas, is the catalyst
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Recommissioning of Vele Colliery to add cash to MC Mining’s portfolio
Due to the global economic downturn and lower coal prices, Vele was placed on care and maintenance from August 2013.
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MC Mining’s Uitkomst Colliery produced 444,984 tonnes in FY2023
MC Mining in its H1 2023 report says the loss after tax for the period decreased by 79% to $4.4
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Glencore replies to Teck, proposes modifications of coal business
Glencore plc (“Glencore”) announces that it has submitted a reply to the letter from the Board of Directors of Teck
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MC Mining: Anti-fossil fuel trend and war resulted in record coal prices
MC Mining has announced a six-month extension of the July 2022 Coal Sales & Marketing Agreement between the Company’s subsidiary
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Anglo American reports 5% QoQ dip in iron ore production
Duncan Wanblad, Chief Executive of Anglo American, said: “Our performance stepped up 16% quarter-on-quarter amid a challenging operating environment, driven
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BHP delivers safe and reliable operational performance Q 9/2022
BHP Group continued to deliver safe and reliable operational performance during the quarter. All production and unit cost guidance remains
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MC Mining reports loss in short announcement
MC Mining reports that revenue increased by 14% to $23.5 million from $20.7 million in the prior corresponding period. Operating
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ARM Coal profits driven by increased export thermal coal prices
Significantly higher export coal prices drove a R1 178 million increase in ARM Coal headline earnings to R928 million (F2021:
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South32 cancels US$700M investment in Australian coal project
South32 has announced it will not proceed with an investment in the Dendrobium Next Domain (DND) project at the Illawarra
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Transnet continues to ruin the SA mining industry
On 14 April 2022, Thungela issued an announcement on SENS and RNS informing the market that Transnet SOC Ltd, acting
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Thungela: Marginalised coal brings excellent returns
Coal miner Thungela is a bit of a pun, really. Anglo American gave the business away to its shareholders at
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GLENCORE: mixed results for half-year 2022
In Glencore’s Half-Year Production Report 2022, Chief Executive Officer, Gary Nagle wrote: “Overall production was mixed period-over-period (5 commodities up
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BHP to retain NSW Energy Coal
BHP has announced that it will retain New South Wales Energy Coal (NSWEC) in its portfolio and will seek the
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GAS AND COAL: Europe goes on an LNG shopping spree
Despite the challenges, Europe has already dramatically reduced its dependence on Russia gas, as record gas prices trimmed demand and
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EU to ban Russian coal from August 2022, followed by ban on oil products
The war in Ukraine is transforming energy and commodity markets. Oil prices are constantly above US$100/bbl and diesel has been
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Glencore: nickel, coal production higher; copper, ferrochrome down
Glencore, in its First Quarter 2022 Production Report, says its own sourced copper production of 257,800 tonnes was 43,400 tonnes
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New sanctions on ‘barbaric’ Russia include a ban on importing coal
EU Commission President Ursula von der Leyen new sanctions on Russia – including a ban on importing coal, vodka and
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Anglo American sells remaining stake in Thungela Resources
Anglo American announces the sale of the group’s remaining 8.0% shareholding in Thungela Resources Limited (“Thungela”) through an accelerated book
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Glencore produces more oil and less coal
Glencore’s Coal production of 103.3 million tonnes was 2.9 million tonnes (3%) lower than 2020, reflecting Prodeco’s care and maintenance
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Wescoal: Vanggatfontein Colliery Update
The Vanggatfontein Colliery (“VGF”) located in Delmas, Mpumalanga was one of the flagship operating mining assets acquired as part of
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MC Mining: Uitkomst’s high quality coal remains in demand
The Uitkomst Colliery generated 107,188t of ROM coal during the quarter, 2% lower than the comparative Q2 FY2021 (108,945t). The
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