Eskom promises to provide R1.8bn to Exxaro’s Matla
EXXARO Resources said Eskom would provide R1.8bn to expand the Matla mine after the mining firm reduced the cost of the proposed expansion by...
SA coal entrant Seriti interested in buying Gupta mine, Optimum
SERITI Resources, the black-owned consortium that today concluded the R2.3bn purchase of thermal coal mines from Anglo American, said it would be interested in...
WCC’s Miller falls on sword amid fresh takeover attempt
FAILURE to sign a takeover agreement with Sibanye Gold cost Waterberg Coal Company (WCC) CEO, Stephen Miller, dear after it was announced today that...
Rio Tinto finally sells Zululand Anthracite
Rio Tinto has finally managed to dispose of the Zululand Anthracite Colliery (ZAC) in Kwa-Zulu Natal which it acquired when the group paid $3.9...
Oakbay declares financial fitness amid KPMG, Sasfin exit
OAKBAY Resources and Energy, the company that houses the Gupta family's mining ambitions, said the business was intact despite the resignation of its auditing...
Gupta’s Oakbay Investments to develop coal export capacity
UNLISTED firm Oakbay Investments said developing its coal export capacity and advancing its 'uranium plan' were among its key strategic goals, whilst an open...
Sibanye opens talks with Resgen as IPP ambitions loom large
SIBANYE Gold has trained its sights on Resource Generation (Resgen), a Sydney- and Johannesburg-listed coal development company, as it seeks a partner to realise...
Ambitious 81mt/year export coal target iced by Transnet
TRANSNET’S plans to boost export coal deliveries to 81 million tonnes a year (mtpa) has been quietly shelved.
CEO, Siyabonga Gama, told Miningmx on the...
Eskom seeking 9mt of coal as Tegeta asks for contract release
ESKOM may have to source nine million tonnes of thermal coal from other mining firms following a decision in September - confirmed by Tegeta...
AREP’s Dames upbeat on IPP prospects despite Eskom opposition
AFRICAN Rainbow Energy & Power CEO, Brian Dames, is upbeat on the prospects for independent power producers (IPP) in South Africa despite apparent opposition...