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Exxaro sheds Mafube pre-empt if Anglo packages coal mines

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THERE is so much noise around the proposed sale of Anglo American’s South African thermal coal assets that it’s hard to know just how...

Gupta’s Oakbay sells Optimum Coal export rights for R3.6bn

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GUPTA family-controlled Oakbay Investments has sold Optimum Colliery’s coal export allocation through the Richards Bay Coal Terminal (RBCT) to huge private international coal trading...

Petmin to set about funding $250m NAIC in third quarter

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PETMIN said it would begin sourcing funding for its $250m pig iron project which is held in its 40%-owned North Atlantic Iron Corporation (NAIC)...

Rio Tinto finally sells Zululand Anthracite

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Rio Tinto has finally managed to dispose of the Zululand Anthracite Colliery (ZAC) in Kwa-Zulu Natal which it acquired when the group paid $3.9...

Exxaro’s renewable energy plan left twisting in the wind

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MXOLISI Mgojo has overseen a successful first six months as CEO of Exxaro Resources, but the group’s strategic bet on making renewable energy a...

Eskom slugs it out with National Treasury

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The confrontation between Eskom and the National Treasury over coal contracts with Tegeta – a company controlled by the Gupta family – intensified today...

Grindrod makes Richards Bay coal breakthrough

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Freight services and shipping group Grindrod has made a critical breakthrough for its fledgling RBT (Navitrade) coal export terminal at Richards Bay by negotiating...

Wescoal turns to growth after inking 7.8Mt Eskom contract

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WESCOAL Holdings had secured long-term security on cash flows that would enable it to invest in new projects following completion of a five-year coal...

Glencore’s SA coal slumps a third on Optimum closure

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SWISS-headquartered trading and mining group, Glencore, produced 14% less coal in the six months ended June 30, equal to 9.9 million tonnes (mt), owing...

Resgen scores coup for Limpopo with R5.5bn Boikarabelo funding

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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...