Mining weekly – The continuing coal supply shortage at State-owned power utility Eskom is considered a crisis by industry commentators. However, while conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.
Mining Mx – Profits from coal mining are eclipsing income from other metals, said Bloomberg News which showed that some of the world’s largest mining groups are set to produce better than ever returns from the fuel this year.
Mining weekly – The mining sector is poised for a positive future but is still hindered by a “harsh” environment, Minerals Council South Africa CEO Roger Baxter stated at the Joburg Indaba, on Wednesday
Fin24 – South32 has established itself in the global diversified mining resources market as a stock high on investor returns and low on risky merger and acquisition activity.
Financial Times – A push to reduce the development of coal mines along with increasing pressure from investors to divest from fossil fuels is creating a split in the mining industry between companies exiting the sector and those vowing to remain.
ENCA – The South African Ministry of Energy is to release an updated electricity plan this month.
Mining Mx – Exxaro Resources was “days away” from finalising an agreement with Eskom which would see the South African power utility fund R1.8bn for the renewal of coal resources at the Mpumalanga province colliery, Matla which Exxaro operates.
Mining Review –
There are more than 110 coal mine pit lakes in South Africa, at both active and closed/abandoned mines. While extensive studies have been conducted internationally on the evolution of pit lakes, locally there has been little research on whether they are a viable mine closure option.
Mining Africa Online –
Meaning ‘a place of wealth’, Shondoni replaces Sasol Mining’s Middelbult Colliery, which has reached the end of its lifespan.
SABC News – Petro-Chemical giants company Sasol has developed new strategies to prevent fatalities in its operations. The company Chief Executive Officer Bongani Nqwababa revealed this during the opening of Shondoni Colliery mine in Secunda, Mpumalanga.