Monday, May 21, 2018

Keaton Energy, a coal junior, is to refinance its balance sheet ahead of a period of capital investment in new production.

Keaton Energy shares performed strongly on further evidence of improved output raising the prospect of a good interim showing in November.

A truckers’ strike knocked revenues and profits of Wescoal in the first six months of its financial year, but the junior still managed solid results.

Transnet Freight Rail delivered 67.5 million tonnes to Richards Bay Coal Terminal during its past financial year to end-March.

Conservation bodies which oppose Coal of Africa's Vele mine believe an agreement to be signed by South Africa, Botswana and Zimbabwe will strengthen their hand.

Petrochemical giant Sasol is one of the companies not benefiting from the decline in the price of oil with its dividend most under threat.

Freight logistics and shipping group Grindrod will complete the first expansion phase of its Richard Bay Terminal early next year to boost coal exports.

Mosa Mabuza, DMR deputy director-general, said the government had prioritised the control of coal costs while a coal policy would be formuated this year.

Brian Molefe, CEO of Transnet, has been appointed acting CEO of Eskom, the state-owned power utility.

The public will have to wait to find out what BHP Billiton’s Southern African aluminium operations pay for electricity.