Secretive Eskom gets walloped in court by AfriForum
LET it not be said that Eskom doesn’t look out for the little guy. Sure, it buys diesel for its generators from PetroSA and...
Exxaro concludes 9.3mt coal sale with Eskom
EXXARO Resources said on Thursday it had signed an agreement with Eskom, South Africa's power utility, to supply 9.3 million tons of coal a...
Asia turns back to coal as Iran war bites
ASIAN economies are ramping up coal consumption and production as the US-Israel war against Iran threatens prolonged disruption to Middle East oil and gas...
There’s more to Exxaro price surge than energy security
SHARES in Exxaro Resources ran to a three year high this week and were not far short of their five-year high, reached in 2022....
Thungela mulls expansion into other bulk commodities
THUNGELA Resources could seek assets in other bulk mining products, said CEO Moses Madondo who added that a board decision will be made in...
Thungela slides into full year loss after R8.8bn asset impairment
A HEFTY decline in coal export prices hit Thungela Resources hard in the 12 months ended December 31 resulting in an R8.8bn asset impairment.
The...
Exxaro says coal contract talks may be “strained” by oil crisis
COAL contract negotiations could become "more strained" owing to energy security concerns even as the same worry is forcing buyers to seek longer contracts,...
Exxaro boosts payout as Iran crisis drives coal higher
EXXARO Resources declared a R10 per share (R3.4bn) final dividend today following robust headline profits for the year ended December.
The payout, 15% higher than...
Eskom tariff for ferrochrome “needs to be replicated”
ONE assumes the electricity regulator in South Africa (Nersa) is conscious that in approving a heavily discounted tariff for ferrochrome smelters, it is waving...
Iran warns of $200 oil as attacks on Gulf shipping mount
IRAN'S military warned oil could reach $200 a barrel as fighting between the country and US-Israeli forces intensified, said Reuters on Wednesday.
This comes as...