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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Coal
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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MCM Uitkomst production marginally lower, Makhado loan extended
MC Mining Limited in its activities report for the quarter ended 31 December 2021 reports the demand for coal continued
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Wescoal on track to produce the 8mtpa of ROM
Robinson Ramaite Interim chief executive officer in his Condensed consolidated results for the interim period ended 30 September 2021 said
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Thungela expected to return to profitability in 2021, following loss in 2020
Looking back on the first months since the demerger and Thungela’s listing on 7 June, the company says it is
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COP26: No end of coal – instead phase it down
Coal, in all its forms, is always high on the decarbonisation agenda. But it is worth making a distinction between
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BHP announces divestment of BHP Mitsui Coal interest
BHP has announced it has signed a sale agreement to divest its 80 per cent interest in BHP Mitsui Coal
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Anglo American metallurgical coal production down by 11% in Q3 2021
Export metallurgical coal production decreased by 11% to 4.3 million tonnes due to operations at Moranbah being impacted by challenging
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MC Mining: As global economy improves so increases demand for coal
MC Mining, in its Activities report for the quarter ended 30 September 2021 says, the Uitkomst Colliery generated 120,260t of
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South Africa hails deal at COP26 to end coal-based power generation
Agreed at the COP26 climate summit in Scotland, South Africa is set to receive $8.5bn (R125bn) to help end its
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Exxaro enters MOU with Eskom and Seriti to energise a low carbon future
Exxaro, Eskom Holdings SOC and Seriti Resources have entered into a memorandum of understanding (“MOU”) in order to record their
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Anglo American releases production report for Q3 2021
According to the report production is up 2% compared to Q3 of last year, with its operating levels generally maintained
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Mantashe against Eskom: Can fantasy of Clean Coal be a reality
According to the director of the Presidential Climate Change Commission, Dr Crispian Olver, clean coal is a fantasy of some
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All types of coal are not made the same
Coal is a sedimentary black or dark brown rock that varies in composition. Some types of coal burn hotter and
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