South Africa coal news
Uitkomst colliery yields strong 2Q18 revenue
MC Mining Ltd (MCM) has reported its production results for the second quarter of 2018, with a key highlight being an 11% increase in revenue at its Uitkomst colliery compared to the same quarter in 2017.
Eskom signs loan agreement with China Development Bank
The facility will form part of the funding of Eskom’s build programme and, specifically, the Kusile power plant.
Anglo American reports increased metallurgical coal production
The company’s metallurgical coal production increased by 33% in 2Q18 compared with a year earlier.
Universal Coal expects to exceed EBITDA guidance
Coal mining company Universal Coal has increased expected EBITDA for FY2018 by 27%, up to AUS$70 million.
Eskom proposes affordable phasing-in of its tariff review
Eskom has absorbed ZAR 57 billion of costs over the period of the RCA applications, and has proposed a further ZAR 4.6 billion reduction.
The Chamber of Mines responds to mine safety picketers
“Ensuring our colleagues return home safely and unharmed at the end of every day must be our industry’s upper most priority,” says The Chamber of Mines.
Eskom in talks with Optimum coal mine
Eskom is currently in discussions with the Optimum coal mine’s business rescue practitioners, but no agreement has been reached yet.
DRA to construct coal handling and prep plant for Exxaro
Exxaro awards contract to DRA for construction of a 500 tph coal handling and preparation plant in Mpumalanga, South Africa.
Anglo American continues exit from South African coal
Anglo American agrees to sell its New Largo thermal coal project to New Largo Coal Proprietary Ltd.
MHPS delivers third boiler to Medupi coal plant
Mitsubishi Hitachi Power Systems delivers third boiler to Medupi coal-fired power plant in Lephalale, Limpopo Province, South Africa.