Friday, November 17, 2017

Supplying Eskom with coal is not as attractive to miners as it used to be with Anglo, BHP and Exxaro expressing some disaffection with the business.

Wescoal Holdings was among the first of South Africa's publicly-listed coal producers to agree to sell Eskom coal from an entity controlled by black interests.

Graham Kerr, CEO-elect of South32, may restructure coal supply agreements with Eskom in order to finance extensions at the Khutala and Klipspruit colleries.

UPDATED: Coal India Ltd, the world’s largest coal producer, may be signing an agreement with the Limpopo government later in January to obtain the mining rights on several properties.

Xmas came early for directors at Optimum Coal Holdings who made a killing selling shares, presumably to Glencore International.

Mining production in coal is expected to stabilise over the next two quarters as companies seek to regain the losses incurred during the recent labour disputes, reports BDLive.

At the start of wage negotiations in the coal sector, unions demand a 14% wage hike, while firms offer 5%.

Nonkululeko Nyembezi-Heita, CEO of IchorCoal, has taken a R244m bet on Australian coal producer and developer, Universal Coal which supplies coal to Eskom.

ANGLO American has agreed to sell its Eskom-dedicated thermal coal mines to Seriti Resources Holdings, a company led by Mike Teke which said the...

In a rebuff of the National Development Plan's warning on the expense of nuclear fuel, the government signs a R111bn deal with Russia for 9.6Gw of power.