south african coal mining companies bankrupt

south african coal mining companies bankrupt

Bankrupt Gupta mine sold to black-owned group Fin24

Oct 21, 2019  A black-owned South African mining group, Lurco, is buying the Gupta family's Koorfontein mine, Netwerk24 reported on Monday morning. The bankrupt mine in Mpumalanga is owned by the Guptas’ Tegeta Exploration and Resources, a unit of Oakbay Investments. It used to supply coal

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Rocked by Scandal, South African Power ... - Coal Age

This will allow Eskom to source coal wherever it can find it and ignore rules that require it to buy from mostly black owned companies. South Africa’s bankruptcy process is similar to that of the U.S., and Tegeta together with its assets will be administered by court appointed officials, whose job includes keeping the mines functioning.

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SOUTH AFRICAN COAL SECTOR REPORT - Energy

Approximately 51% of South African coal mining is done underground and about 49% is produced by open-cast techniques. There are three different mining methods that are commonly used in underground mines in South Africa. The most common technique is the ‘bord and pillar’ method, which accounts for

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South African Coal Mining Holdings Limited

Company Profile. South African Coal Mining Holdings Limited (SACMH) is a junior coal producer with operations in the Ermelo / Breyten district of the Mpumalanga Province of South Africa. Having developed a reputation as specialist in thin seam open cast and underground coal mining, SACMH produces and processes coal products for international ...

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Coal - Minerals Council South Africa

Coal Mining in South Africa. Coal mining’s advent in South Africa can best be traced to the start of gold mining in the late 19 th century, particularly on the Witwatersrand, with the first coal in appreciable tonnages being extracted on the Highveld coal field close to the nascent Witwatersrand gold mines. However, demand began to grow ...

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South32

May 18, 2015  South32 is a globally diversified mining and metals company producing bauxite, alumina, aluminium, metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America.

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Blackhawk files Chapter 11, joins list of bankrupt coal ...

Jul 19, 2019  Coal. Photo from Pixabay, CC0 License. Blackhawk Mining LLC filed for Chapter 11 court protection in Delaware, adding to a growing list of bankrupt coal miners.

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Coal in South Africa - Wikipedia

South Africa produces in excess of 255 million tonnes of coal (2011 estimate) and consumes almost three-quarters of that domestically. As of 2018, South Africa was the seventh largest producer and consumer of coal in the world. This large industry, means that as of 2015 about 80,000 workers, or .5% of total employment, was from the coal industry, down from a peak in

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Nearly Half of US Coal Is Produced by Companies That Have ...

Dec 09, 2016  But that doesn’t mean the companies stopped mining or producing the fuel. In fact, approximately 44% of US coal now comes from companies that have declared bankruptcy sometime in the last four ...

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Two coal companies bankrupted by ... - African Mining Market

Dec 04, 2020  L ighthouse Resources Inc., a coal company with mines in Wyoming and Montana, and White Stallion Energy LLC, a miner that operates in Indiana and Illinois, both filed for bankruptcy after the Covid-19 pandemic dropped coal prices.. Coal companies have struggled amid an increase in natural gas and renewable energy, and U.S. coal

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South African Coal Miner Exxaro Plans Move Into Green ...

Sep 20, 2021  South African Coal Miner Exxaro Plans Move Into Green Metals. Khuleko Siwele, Bloomberg News. (Bloomberg) -- South African coal producer Exxaro Resources Ltd. is turning its attention to minerals such as copper and manganese as mining companies look to tap the green revolution. Other assets Exxaro plans to invest in include bauxite, a raw ...

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South African Coal Mining Holdings Limited

Company Profile. South African Coal Mining Holdings Limited (SACMH) is a junior coal producer with operations in the Ermelo / Breyten district of the Mpumalanga Province of South Africa. Having developed a reputation as specialist in thin seam open cast and underground coal mining, SACMH produces and processes coal products for international ...

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Mauritius Arcem Resources acquires Moatize mines in ...

Mar 18, 2020  The Moatize mine was sold by Vitol, who took ownership in 2014, when the previous owner, British company Beacon Hill Resources, failed to pay a debt of US$10 million. Arcem Resources is owned by South African businessman Paul Main, who has already chosen Gary Tullis to lead Minas de Moatize. Arcem Resources already holds 98% of Arcadia Mining ...

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Foresight latest US coal miner to file for bankruptcy - Mining

Mar 10, 2020  Foresight Energy became on Tuesday the latest coal miner to file for bankruptcy, saying the global economic slowdown triggered by the coronavirus epidemic had pushed it over the edge. The company ...

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Unfinished business: Coal miners across South Africa walk ...

Mar 22, 2017  In South Africa, Eskom calls on its coal suppliers to be 51% black-owned, a standard smaller companies are finding much easier to meet than international mining houses. Anglo American sent a statement to Climate Home in which company spokespeople said that Anglo “initiated a process to exit its Eskom-tied mines”.

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Coal's Lonely Lobbyists - Climate Investigations Center

Yet there are notable differences in other bankrupt coal mining companies’ memberships in coal lobby groups. For example, despite filing for bankruptcy on April 13, 2016, Peabody Energy remains listed as a WCA member, as well as a member of NMA and ACCCE. Arch Coal remains listed as a member of the NMA, despite its lapsed WCA membership and ...

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South Africa: Royalty Act Debate Continues For Coal Mining ...

Nov 15, 2013  South Africa: Royalty Act Debate Continues For Coal Mining Companies. The impact of the Mineral Petroleum Resources Royalty Act No. 28 of 2008 ("Royalty Act") on coal mining companies in South Africa has been subject to substantial debate (and legislative amendment) since the Royalty Act came into effect. Based on the legislation in its current ...

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List Of Coal Mines In South Africa (2021) - South Africa Lists

Jan 13, 2021  The Grootegeluk Coal Mine is a coal mine (referred to as an open cast coal mine) that is located within the Waterberg Coalfield which is in the Limpopo province of South Africa. It is operated by Exxaro Resources. The mine is 25 kilometres from Lephalale and employs a total of about 2,000 people. Administrative Office Address: Nelson Mandela Dr ...

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List of the biggest mining companies in South Africa

May 08, 2019  List of gold mines in South Africa. Among the companies that specialise in mining gold, the following is a list of mines in South Africa: 1. Savuka Gold Mine. Location: South, Randfontein, 1764. 2. Mponeng Gold Mine. Location: 955 Park Avenue, West Wits, Carletonville, 2499. 3.

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Finding solutions for South Africa’s coal-fired water and ...

Sep 18, 2014  Coal production, from mining to power generation, requires vast volumes of water.Furthermore, pollution from coal mining can irreparably harm water resources.. In South Africa—one of the world ...

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Mercuria Enters Into a Strategic Coal Marketing Alliance ...

Optimum Coal’s vision is to become the country’s benchmark South African-owned and controlled coal mining and exploration group. The company is well-positioned to take advantage of current and future commercial opportunities by continuing to focus primarily on coal and to maximise its exposure to the export coal market.

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Finding Solutions for South Africa’s Coal-Fired Energy and ...

Oct 01, 2014  This post originally appeared on The Guardian's Water hub.. Coal production, from mining to power generation, requires vast volumes of water.Furthermore, pollution from coal mining can irreparably harm water resources.. In South Africa—one of the world’s most water-stressed countries and one of the largest producers and consumers of coal—the water-energy

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Coal in South Africa - Wikipedia

South Africa produces in excess of 255 million tonnes of coal (2011 estimate) and consumes almost three-quarters of that domestically. As of 2018, South Africa was the seventh largest producer and consumer of coal in the world. This large industry, means that as of 2015 about 80,000 workers, or .5% of total employment, was from the coal industry, down from a peak in

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Future ownership trends in the South African coal mine sector

Jun 29, 2021  Accordingly, there are questions about the future of coal mining from an ownership perspective in South Africa. Big departures. In May 2021 the shareholders of global mining giant Anglo American approved the demerger of its South African thermal coal mining business into a new holding company, Thungela Resources.

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South32 closes door on its SA coal business

Aug 23, 2019  JOHANNESBURG - South32 has closed the door on its South African loss-making local coal business that impaired $504million (R7.68billion) in the year ended in June, announcing Seriti Resources as ...

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List Of Mining Companies In South Africa - 2021/2022

Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef or placer deposit.. Where To Find Mining Jobs In South Africa? Below is the list of mining companies in South Africa; South African Coal Mining Holdings Ltd. Anvil Mining Investment Company South Africa (PTY) LTD

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UPDATE 2-Administrators for Glencore South African coal ...

Aug 20, 2015  South Africa’s business rescue law, similar to Chapter 11 bankruptcy protection proceedings in the United States, allows a financially distressed company to temporarily delay creditors’ claims ...

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Mining industry in South Africa - Statistics Facts ...

Aug 03, 2021  Coal mining in South Africa began around the same time as gold mining and is one of the country’s most valuable commodities, accounting for a quarter of mineral mining revenue in 2020.

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The latest South Africa coal news World Coal

Oct 13, 2021  Coal still a lifeline for South Africa as transition begins. Wednesday, 11 August 2021 15:55. Lesley Jeffrey, Principal Coal Geologist, SRK Consulting, argues that while the global focus on environmental, social and governance (ESG) issues looks to phase out coal as an energy resource, it remains a key contributor to South Africa’s economy.

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List of coal mines in South Africa - Briefly

Jun 10, 2019  Matla is one of the top mining companies in South Africa, producing at least 14 million tons of cooking coal annually, which goes directly to the Matla Power Station. With at least 297 million tons of cooking coal in the Matla mine reserves, it makes this company guarantee several decades of coal mining in South Africa. 9.

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Moatize mines, in Mozambique, sold to a Maritius-based company

Mar 17, 2020  Moatize mines, in Mozambique, sold to a Maritius-based company. Arcem Resources, with headquarters in Mauritius, has acquired the Minas de Moatize mine, a company that has a coal concession in Moatize, a mining district of Tete province, central Mozambique, reported the Zitamar News website. The Moatize mine was sold by Vitol, who took ...

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Profiling five of the top energy companies in South Africa

May 13, 2019  AngloGold Ashanti. Headquartered in Johannesburg, AngloGold Ashanti is a global gold mining firm with operations 14 operations countries such as Argentina, Australia, Ghana, Guinea, the Democratic Republic of the Congo, South Africa and Tanzania. The company is an independent entity, with no dominant investor and a wide spread of shareholders.

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AfriCoal - Home Facebook

AfriCoal. 3.9K likes 4 talking about this. A leading and competitive South African coal merchant. Tel: 082 884 8383. Visit us at africoal.co.za.

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Home - International Miners Coordination

South Afrika: Residents demand jobs in mines. Details Published: Tuesday, 17 September 2019 15:14 Hits: 427 In the south african province Mpumalanga this week took place protest-‭ ‬and‭ ‬blockade-actions in front of coal mines.‭ ‬So blocked‭ ‬500‭ ‬residents from Phosa and Ogies the access to Glencore coal mine Goedegevonden.‭ ‬There were also protest marches in front ...

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The importance of coal Statistics South Africa

Jun 11, 2015  In 2013, coal contributed R51 billion to South Africa’s economy, compared with gold’s R31 billion 1. Measured at current prices, coal is now king. The mineral’s contribution to overall mining value added rose to 22,5% in 2013 from 17,4% in 1993. Platinum group metals (PGMs) came a close second in 2013, at 21,0%.

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Eskom's Molefe ‘Stonewalled’ Glencore South Africa, ex-CEO ...

Feb 27, 2019  Brian Molefe in 2015. South Africa’s state-owned power utility refused to renegotiate a coal deal with a mine owned by Glencore Plc’s local unit and tried to penalize it for supplying sub ...

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PNC Joins Banks Not Financing Mountaintop Coal Removal ...

Mar 10, 2015  PNC Financial joins a growing list of banks that no longer finance coal-mining companies that pursue the mountaintop removal of coal,

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