Coal - Copperbelt Katanga Mining

A growing number of Glencore investors are advocating for the company to retain its coal assets instead of spinning them off, citing financial prospects and environmental considerations. Glencore, set to expand its coal operations with the acquisition of Teck’s assets, plans to list the combined coal unit separately in New York. However, investors argue that coal remains a lucrative option for the foreseeable future, even amid a shift towards renewable energy. The acquisition of Teck’s coal business is expected to significantly boost Glencore’s free cash flow, with analysts estimating $5-6… Read More Here

International Coal

Shareholder Urges Glencore to Retain Coal Business Despite Teck Acquisition

March 14, 2024March 14, 2024 Constance

Tribeca Investment Partners, a shareholder of Glencore, is advocating for the mining giant to retain its coal business even after finalizing the acquisition of Teck Resources’s coal-mining unit. While many of Glencore’s industry peers have divested from coal due to investor pressure, Tribeca believes that Glencore should maintain ownership of its coal assets, citing their world-class quality and strategic importance to the company’s earnings profile and shareholder value. Glencore’s initial plan was to spin off the combined coal unit following the completion of the Teck acquisition, pending shareholder approval. However,… Read More Here

International Coal Mine Safety

Twelve die in two China coal mine accidents

March 14, 2024March 14, 2024 Constance

Two coal mine accidents in China within a span of 24 hours have led to a death toll of 12, according to state broadcaster CCTV. The first incident occurred in an underground coal bunker in Zhongyang County, Shanxi province, which collapsed, resulting in five deaths as well as two individuals missing. The bunker is operated by Taoyuan Xinlong Coal Industry. The accident in Shanxi follows a notice issued last month by the mining safety regulator, which instructed mines to limit overproduction to avoid such incidents. Despite these measures, China’s leading coal-producing… Read More Here

Mining in Zambia Coal Transport and Logistics

Zambia’s Govt Inaugurates Chambeshi Railway Siding Depot to Boost Logistics in the Country

January 31, 2024January 31, 2024 Constance

The Zambian government has officially launched a railway siding depot at Sunline Zambia logistics company in Kalulushi District, Copperbelt. The depot aims to facilitate the transportation of fifteen thousand metric tonnes of coal monthly, contributing to efforts to enhance the railway sector and alleviate road congestion caused by heavy cargo transport. Transport and Logistics Minister Frank Tayali emphasized the project’s significance, praising the government’s economic policies that attracted a three-million-dollar investment from the Chinese company into the Chambeshi railway siding. Johnny Jiang, Chairman of Sunline International Logistics, commended the Zambian… Read More Here

International Coal

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

January 31, 2024January 31, 2024 Constance

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