Sunday, February 25, 2018

Development work on Coal of Africa's Vele coking coal mine in Limpopo Province has been stopped while the company negotiates with the Department of Environmental Affairs

South African miner Coal of Africa says it will vigorously defend the appeals brought against its Vele mine on environmental concerns and that they had no basis or legal merit.

Diversified resources group Exxaro says it expects headline earnings per share for the six months to end June 2010 to be between 650c and 700c, representing an increase of between 60% and 73% when compared to the corresponding period in 2009.

Richards Bay Coal Terminal has managed to increase coal exports in July despite the nine-day strike at the world's largest coal terminal.

The World Bank's Inspection Panel has confirmed that it is investigating the awarding of the bank's $3.75bn loan to South African power utility Eskom.

Trade union Solidarity says that it has reached a "favourable" wage agreement with coal producer Exxaro Coal.

Mining group Deep Yellow has announced an upgrade and expansion of the mineral resource estimate at its INCA uranium deposit in Namibia.

First Uranium shares have staged a partial recovery from their recent lows on both the JSE and TSX in response to better news in the June quarter production report.

Coal of Africa says that development of the Vele Project has progressed according to schedule and first sales of coking coal are expected during the next quarter.

Resgen, the Australian company with a secondary listing on the JSE, has spent A$2.4 million on exploration and evaluation this year to date.