Coal - Copperbelt Katanga Mining

Disruptions in Rail Transport Cause Historic Drop in Richards Bay Coal Terminal Shipments 1

Shipments from South Africa’s primary coal export facility, Richards Bay Coal Terminal (RBCT), reached their lowest point in over three decades in 2023 due to disruptions in rail transportation affecting mines. RBCT, owned by 13 coal mining companies, including Thungela, Exxaro Resources, Seriti Resources, and Glencore’s South African subsidiary, recorded a shipment of 47.2 million tons of coal last year, the lowest figure since at least 1992. Despite RBCT’s annual export capacity of 91 million tonnes, operational challenges, such as a shortage of locomotives, derailments, and crime, have led to… Read More Here

International Coal

Mineral Exports Trigger Record Volumes at Mozambique Port in 2023

January 24, 2024January 24, 2024 Constance

The Port of Maputo in Mozambique achieved a record volume of 31.2-million tons of cargo in 2023. Of the total cargo recorded, approximately 25-million tons comprised various ores, including chromium, ferrochrome, magnetite, coal, phosphate ore, vanadium, titanium, copper, and vermiculite. Announced by privately held Mozambican company, the Maputo Port Development Company (MPDC), the uptick represents a 16% year-on-year growth compared to 2022, while contributing over $41 million in fixed and variable fees to the country’s government. “The handling of these cargoes reflects the diversification strategy on which the Port of… Read More Here

Battery Metals Coal Diamond Gold International

Five Mineral Markets to Watch in 2024

January 10, 2024January 10, 2024 Constance

With a focus on sustainable and equitable extraction, COP28 highlighted the pivotal role of critical minerals in securing clean energy supplies and transition value chains. In line with these advancements – which sees global demand more than doubling by 2030 – mineral-rich African countries are strengthening their regulatory frameworks and introducing new incentives to attract mining-focused investments. The second edition of the Critical Minerals Africa summit – slated for October 2024 – will showcase these markets and their role in global supply-demand dynamics over the next decade. Below are the top five… Read More Here

International Coal Energy

𝗕𝗔𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗡𝗦𝗢𝗥𝗧𝗜𝗨𝗠 𝗖𝗟𝗜𝗡𝗖𝗛𝗘𝗦 𝗠𝗜𝗡𝗘𝗥𝗚𝗬 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗢𝗡𝗧𝗥𝗔𝗖𝗧

December 17, 2023December 17, 2023 Constance

A consortium of Botswana citizen companies under the auspices of Meropa Resources has been appointed mining contractor at Masama Coal Mine in Medie, Minergy announced. In a notice to the market , Minergy Coal Limited said on Thursday 14 December 2023 that Meropa Resources has been appointed as the mining contractor for the company ‘ s coal mining operation. The Botswana Stock Exchange listed coal miner said the appointment of Meropa follows a rigorous vetting and extensive negotiation process which seeks to entrench operational efficiencies and anchor Masama Coal Mine… Read More Here

International Coal

Glencore to update climate plan in 2024 after investor pressure

December 15, 2023December 15, 2023 Constance

Glencore will publish an updated climate action transition plan in March 2024, it said on Wednesday, after some investors rejected its climate progress report and it agreed to buy Canadian miner Teck Resources’ steelmaking coal business. More than 30% of Glencore’s investors, including major shareholder BlackRock, rejected the company’s climate report at its annual meeting in May, demanding more clarity on how it will meet its commitments to cut emissions. Around 29% of shareholders also backed a resolution seeking more disclosure on progress in scaling back its production of thermal… Read More Here

Mining in Zambia Coal Copper Mining in DRC

Exxaro Explores Copper Opportunities in Congo, Zambia, and Botswana

October 5, 2023October 5, 2023 Constance

Exxaro Resources, primarily a Johannesburg-based coal producer, is actively seeking opportunities to diversify its portfolio by entering the lucrative markets of copper and manganese in Africa’s resource-rich regions. CEO Nombasa Tsengwa has outlined the company’s interest in copper assets located in Botswana, Zambia, and the Democratic Republic of Congo (DRC), which happens to be the continent’s leading copper producer. Additionally, Exxaro is exploring manganese assets within its home country. Although Exxaro has not yet identified specific acquisition targets, Tsengwa acknowledges the rising premiums associated with copper assets. As a result,… Read More Here

International Coal Energy Mining safety

Eleven people killed in China coal mine explosion

August 28, 2023August 31, 2023 Constance

A coal mine explosion in China’s Shaanxi province claimed the lives of 11 people. The incident took place last week while a total of 90 miners were present at the shaft, according to the provincial Department of Emergency Management. The site of the blast was the city of Yan’an in northern China, a mountainous region in the Shaanxi province where mining has been a key economic activity. At the time of the explosion, nine people were trapped inside and “found with no vital signs”, state broadcaster China Central Television… Read More Here

International Coal Energy

Zimbabwe: Contango Secures 20,000 tpm Coal Offtake Agreement

July 19, 2023July 19, 2023 Constance

Natural resource development company Contango Holdings has signed a new offtake agreement with global commodity marketing firm TransOre International FZE for the sale of coal from the Lubu project in Zimbabwe. Under the terms of the deal, Contango will supply TransOre with 20,000 tons of washed coal per month at US$120/ton, in line with the current processing capacity at the project. Offtake has the potential to be further expanded as the mine’s production capacity increases. Carl Esprey, CEO of Contango, said the contract with TransOre doubles the firm’s existing offtake… Read More Here

International Coal Energy

MMAMABULA Project: Jindal Builds Botswana’s Largest Coal Mine & Power Plant

June 18, 2023June 18, 2023 Constance

The multi-billion dollar O P Jindal Group is hitting the ground running to kick start its long awaited Mmamabula Coal Project. Jindal holds mining license for about 3 billion tonnes of coal in the East Mmamabula Coal Fields. The company is planning to carry out initial mining of 4.5 million tonnes per annum of coal and also to set up a 300 Megawatt power plant at Mmamabula, along with the related infrastructure works. The Jindal’s Mmamabula Coal Mine will be Botswana’s biggest, just 300 000 tonnes above state owned Morupule… Read More Here

International Coal

Lubu Project begins washed coking coal production in Zimbabwe

May 26, 2023May 26, 2023 Constance

Contango Holdings Plc, a natural resource development company, has announced that the production of washed coking coal has commenced at its flagship Lubu Coking Coal Project in Zimbabwe. Stockpiles of coking coal have already been established by the Wirtgen Surface Miner which can mine at a rate of up to 1,000 tonnes per hour of coking coal. The company will continue to undertake studies on washed coal production to ensure optimisation and samples will also be sent to several parties who have indicated they would look to enter into long-term offtake contracts.… Read More Here