Friday, May 25, 2018

Anglo American may this year appoint a service provider to build a 450MW power plant to take pressure off its platinum subsidiary’s electricity constraints, reports Business Day.

BHP Billiton will know on Friday whether the confidential rates it pays for electricity supply from Eskom for two of its aluminium smelters are to become public knowledge.

Optimum Coal Holdings said it had secured a R2.2bn revolving credit facility for "potential acquisitions" with Rand Merchant Bank.

Coal of Africa has set the record straight on its proposed 22.5km railway spur between the group's Makhado coking coal project and an existing railway line.

Extract Resources has won a licence to develop its Husab uranium mine in Namibia, which could help push up the price a suitor may offer for the $2bn company.

Kalahari Minerals has confirmed that offer talks have resumed with state-owned China Guangdong Nuclear Power Corp.

Resource Generation says major construction work at its Boikarabelo development is on hold until it has secured a railage contract with Transnet Freight Rail.

Uranium One has posted a third-quarter profit that beat analysts' estimates, helped by higher realised prices.

Rio Tinto has raised its offer for Mozambique-focused coal miner Riversdale Mining to woo key shareholders who have held up the deal.

Petmin’s Somkhele anthracite mine in KwaZulu-Natal is back in production after the group’s mining contractor agreed to a restructuring of wage packages.