Exxaro claims Eskom ordered Arnot closure
Exxaro Resources said it had been instructed by Eskom to shut the 1.4 million tonne/year Arnot coal mine and that the utility was the owner of the operation.
Eskom’s Molefe heartened by yield turnaround
Eskom bond yields relative to Transnet have narrowed significantly this year which is evidence the power utility is stabilising its financial position.
CoAL launches R1.29bn bid for Universal
Coal of Africa has bid cash and shares for the 4.5 million tonne/year coal producer, Universal Coal, trumping an earlier offer by IchorCoal.
Jury ousted as Resgen investors stage coup
Resource Generation shareholders Altius Investment Holdings and Noble Resources kick out CEO Paul Jury and overhaul the coal development firm's board.
Executive pay vote shows Wescoal has work to do
Shareholders voted down a resolution for non-executive pay at Wescoal Holdings demonstrating that it has work to do in structuring the board correctly.
Keaton content to sit out market torpor
Keaton Energy booked a steep loss for the first half of its financial year but said it had flexibility that positioned it well to sit out difficult market conditions.
Eskom may divert Medupi coal to Hendrina
Brian Molefe, CEO of Eskom, floated the idea of accepting coal from Exxaro's Grootegeluk mine destined for Medupi and diverting it to Hendrina power station.
Eskom’s Majuba silo collapse a ‘design fault’
The collapse of a coal silo at Majuba power station was judged to be a design fault with no negligence imputed to the either the engineers or constructors.
CoAL sweating on Govt granting water licence
Coal of Africa is still waiting on the South African government to grant it water use licences for its contested Makhado and Vele coal ventures.
Sibanye has interest in Anglo coal assets
Sibanye Gold said the coal assets of Anglo American fit the bill in terms of extending its footprint in South Africa's energy industry.