S.Africa's Exxaro Resources says coal prices cooling off
March 16 (Reuters) - South Africa's Exxaro Resources (EXXJ.J) on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warned prices were easing ...
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Thungela says coal prices softer but demand stays strong
The firm's annual profit jumped 97% in 2022, boosted by red-hot coal prices. Its headline earnings per share, the main profit measure for South African companies, came in at 130.82 rand ($7.19) in ...
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Focus: South African coal miners turn to trucks as rail …
As a whole, South African coal miners are putting about 400 trucks on the road a day, trucking some 6 million tonnes of coal on an annualised basis, according to the industry source.
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South Africa's mining output falls further below pre …
As a result, mine output and sales for the 12 months to May 2023 were down 4.6% and 4.2%, respectively, compared to the same period a year earlier, new data from the Minerals Council of South ...
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South African Coal Industry
Thermal Coal products in South Africa. South Africa is the 6th biggest coal exporter country with 6,23 billion USD export value. 1/4 of South African coal is exported to energy providers and metallurgical plants in mostly Europe, South America, and India. Coal is highly used as energy source in South Africa, almost 90% of South …
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Coal, South African export price Monthly Price
Coal, South African export price Monthly Price - US Dollars per Metric Ton. Range. 6m 1y 5y 10y 15y 20y 25y 30y. Sep 2023 - Feb 2024: 5.340 (5.35%) ... Description: Coal …
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The future of coal in South Africa
Recently, it has been recorded that the South African coal sector exceeded 21% (over R130-billion) of total mining revenues. The sector generated about 53% of the total local sales revenue of R159 ...
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Prices and costs – Coal 2020 – Analysis
API4, which is FOB prices at Richards Bay, South Africa, started 2020 in backwardation (opposite to contango), as a result of a price rally in the final-quarter 2019, due to the demand pushed by sponge iron buyers in India in conjunction with the South African utility Eskom, which was buying spot as the coal shortage threatened electricity ...
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Coal transitions in South Africa
By 2050, employment in the coal mining sector has decreased to just below 30,000 jobs, as a more rapid transition away from coal in the electricity sector takes place. Implementing NDCs. South Africa's NDC pathway described above, although it is a least cost energy pathway to 2050, is unlikely be achieved unless several conditions are met.
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South Africa Coal Sales Surge
The company, which was spun off global mining giant Anglo American Plc in June 2021, said it would return 8.2 billion rand ($503 million) to shareholders after declaring a dividend of 60 rand per share, driving its share price more than 6% up. The leading South African coal exporter and part of a consortium which owns Africa's …
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Thungela
Looking ahead, although thermal coal prices have softened in early 2023, the fundamentals remain firmly in place. Prices can be expected to remain robust, however we are unlikely to see the historic price levels observed in 2022. ... In the short term, fixing the rail network is a matter of critical importance to South Africa as the mining ...
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Anglo American to spin off South African coal assets
The soon-to-be standalone miner produced 16.5 million tonnes of coal last year and has assets worth $1.3 billion. It is close to an established rail network with secure access to export markets ...
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Coal price expected to average $100/t as China turns to …
JOHANNESBURG (miningweekly ) – China is buying South African coal at a time when analysts are forecasting a buoyant average coal price of $100/t for …
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Investigating the outcome for South African coal supply to …
The South African coal industry. The South African coal industry comprises four main markets (SACR 2011): . 1. The market for coal supplied to Eskom, the state-owned power generation and distribution utility: The coal supplied to this market is typically of lower energy grade and higher ash content, and has historically been sourced from …
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Executive summary – Coal 2022 – Analysis
Global coal demand is set to rise in 2022 amid the upheaval of the energy crisis. Coal markets have been shaken severely in 2022, with traditional trade flows disrupted, prices soaring and demand set to grow by 1.2%, reaching an all-time high and surpassing 8 billion tonnes for the first time. In last year's annual market report, Coal 2021 ...
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South African Coal Mining Techniques | Methods, Impact
Mining Methods and Techniques. 4.1. Surface Mining. Surface mining is the predominant method used to extract coal in South Africa. It involves removing the overlying soil and rock to access the coal seams. There are two main types of surface mining techniques employed: 4.1.1. Open-pit Mining.
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Coal mining and environmental sustainability in South Africa…
This study investigates the effects of coal mining on environmental sustainability in South Africa in relation to the moderating role of institutions. To achieve the study's objectives, the fully modified least square (FMOLS), dynamic least squares (DOLS), canonical cointegrating regression (CCR), Bayer-Hanck cointegration and Toda …
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The Difference between RB1, RB2, and RB3 Coal in …
RB1 coal generally contains lower sulfur content compared to RB2 and RB3 coal. RB1 typically has a sulfur content of around 0.5% to 0.7%, while RB2 and RB3 coal may contain sulfur levels of 0.7% to …
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South Africa Coal Mining Industry Report 2023: Production, Price …
South Africa Coal Mining Industry Report 2023: Production, Price and Trade Statistics, Major Players, Developments and Corporate Actions - ResearchAndMarkets June 28, 2023 01:14 PM Eastern ...
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South Africa Coal Mining Industry Report 2023 with …
Dublin, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The . South Africa Coal Mining Industry Report 2023 with Company profiles of Leading Coal and Lignite Mining Companies and Coal Testing Laboratories
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Mining Weekly
Name of the Project Menar coal and anthracite projects. Location Gauteng, KwaZulu-Natal and Mpumalanga, in South Africa. Project Owner/s Menar, through its subsidiaries Kangra and Canyon Coal ...
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Home
MCMining Limited is an emerging developer and producer of high-quality thermal and coking coal, based in South Africa. ... MC Mining publishes its Annual Report for the financial year ended June 2023. Annual Report 2023 (PDF - 5.16MB) ... SHARE PRICE. ASX 16c +3.23%. AIM 8.125p 0.00%. JSE 183c-4.69%. FOREX. US$ / ZAR R19.13.
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Thungela to proceed with investments despite coal struggles in South Africa
South African coal miner Thungela Resources has stated its intention to continue its strategy of asset acquisition, despite struggling coal prices and transportation issues. The company reported a profit of just R2bn ($160m) in the first half (H1) of 2023, less than a third of the H1 2022 total of R9.6bn. This was driven by a collapse in the ...
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Executive summary – Coal 2022 – Analysis
Global coal demand is set to rise in 2022 amid the upheaval of the energy crisis. Coal markets have been shaken severely in 2022, with traditional trade flows disrupted, …
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Thungela
Benefitting from higher global thermal coal prices driven by the continued demand from South Asian markets for high quality thermal coal and global supply constraints, …
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Coal, South African export price
Coal, South African export price Monthly Price - US Dollars per Metric Ton. Range. 6m 1y 5y 10y 15y 20y 25y 30y. Feb 2009 - Feb 2024: 36.130 (52.32%) Chart. Description: Coal …
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South African coal miners turn to trucks as rail service
Menar is trucking about 120,000 tonnes of coal a month and plans to increase that to 200,000 tonnes, Hallatt said. As a whole, South African coal miners are putting about 400 trucks on the road a ...
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South Africa's RBCT coal exports hit 29-year low in 2022
Coal exports from South Africa's Richards Bay Coal Terminal (RBCT) hit their lowest level since 1993 last year, at 50.35 million tonnes, reflecting a lack of trains to carry coal from mines to port.
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Thungela expects volume boost from Aus mine, while rail impacts South
The Newcastle Benchmark coal price has averaged $75.15/t in the year to date, compared to $360.19/t in the 2022 financial year. ... The inconsistent and poor Transnet rail performance continued to ...
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SOUTH AFRICAN COAL SECTOR REPORT
Figure 10: Coal export price in South Africa: 2006 - 2015 .....18. v NOMENCLATURE . CCS Carbon Capture and Storage CTL Coal-to-Liquids CV Calorific Value DMR …
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