Petmin may go private following R894m private equity bid
PETMIN looks set to delist from the Johannesburg Stock Exchange following a takeover offer from a private equity firm which values the mid-tier coal...
Shumba Energy eyes electricity export deal with Eskom
Five years ago, Mashale Phumaphi was an investment banker, braving the London freeze. On one occasion, he was asked to run the rule over...
Resgen scores coup for Limpopo with R5.5bn Boikarabelo funding
RESOURCE Generation (Resgen), the Johannesburg- and Sydney-listed coal development company, said it had secured R5.52bn (A$515m) in finance to complete construction of the 12...
Koko defends Eskom amid dispute with eight coal miners
WHEN Coal of Africa (CoAL) unveiled plans to takeover Universal Coal, an Australian-listed company operating in Mpumalanga province, it said this might be the...
Seriti Resources lines up R20bn New Largo project
SERITI Resources, the consortium that is concluding the purchase of Eskom-dedicated coal mines from Anglo American, is set to add to its asset base...
Petmin to press ahead with share buy-back programme
BRADLEY Doig, commercial director of mid-tier coal producer and iron ore development firm, Petmin, says they’ll be no let up in the company’s share...
Tegeta seals R2.15bn Optimum deal
THE controversial acquisition of Optimum Coal by a unit of the Gupta family’s Oakbay Investments has gone ahead.
The R2.15bn deal was executed through Oakbay’s...
Molefe, Brown consign ‘coal supply cliff’ to history
THE price of coal had dropped to such an extent last year that South African coal producers preferred to sell it locally than export...
Oakbay denies raiding Optimum fund on day when CEO resigns
OAKBAY Investments, the holding company of Johannesburg-listed Oakbay Resources & Energy, said it had moved the account of Optimum Coal Mine's R1.5bn rehabilitation fund...
Gordhan throws weight behind R58bn renewable IPP plan
FINANCE minister Pravin Gordhan threw his weight behind South Africa's renewable independent power producer (IPP) programme amid criticism, most notably by Eskom CEO, Brian...