Petmin to set about funding $250m NAIC in third quarter
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
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
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
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
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
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
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
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...
Resgen sizing up Boikarabelo as IPP prospect in 2017
Exxaro Resources is expected to be one of two Independent Power Producers (IPPs) identified by the Department of Energy (DoE) in the first round...