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Keaton to re-scope project amid heavy write-downs

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JOHANNESBURG-listed Keaton Energy is to post earnings and headline earnings losses for its 2016 financial year owing to two non-cash items including a R61.5m...

Zimbabwe’s HCC to cut 1,000 jobs as capital runs short

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CAPITAL constraints will force Zimbabwe's Hwange Colliery Company (HCC) into reducing staff numbers by a third despite government efforts to boost the firm's productive...

Coal miners say Eskom contract changes unworkable

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SOUTH African coal mining executives said proposals by Eskom aimed at ensuring the quality of coal it consumes would make it more difficult to...

Eskom discloses R38bn capital bill for cost plus coal

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ESKOM, the South African power utility, said it would plough R38bn into so-called 'tied mines' including some R1.8bn for a new shaft at Matla,...

Gupta’s Oakbay hits out at “gravy train” in SA coal

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OAKBAY Investments has hit back at a newspaper report that said it received a lucrative prepayment from Eskom for coal, saying the system through...

Eskom “has a voice” in Anglo coal mine disposal plan

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ESKOM, South Africa's power utility, would "have a voice" in the proposed sale of Anglo American's South African domestic coal mines, said Mark Cutifani,...

Eskom’s Molefe bets on power surplus in “a few years”

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SOUTH African power utility, Eskom, said it would have sufficient excess capacity to make additional revenue from electricity exports within a few years and...

Resgen inks R2.1bn contract for Boikarabelo coal venture

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RESOURCE Generation (Resgen), the Johannesburg- and Sydney-listed coal development firm, edged closer to securing more than $400m in capital funding for its six million...

Eskom also responsible for above-inflation coal hikes

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A PROPOSAL by the National Energy Regulator of South Africa (Nersa) to benchmark the price of coal Eskom buys from mining companies will add...

Coal supply bids for Eskom’s Arnot fail to hit the spot

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ESKOM will continue with the temporary arrangement that sees seven different coal companies supply its Arnot power station after a Request for Proposals (RFP)...