Saturday, January 19, 2019

A UK merchant bank, Empire Equity, will provide bridging finance and assist with a A$28m rights offer but the coal firm's executive team will be dismantled.

THE proposed restructuring of Noble Group was the latest concern to delay the credit approvals for Resource Generation's (Resgen's) Boikarabelo, a thermal coal project...

Government is seriously considering the regulation of coal exports to protect Eskom from local producers who get higher prices for their coal in India and China.

THERE is a bit of impatience about regarding the pace at which South African president, Cyril Ramaphosa, is working to restore the country's economic...

Coal of Africa has updated its resource statement from three properties in its now consolidated Soutpansberg portfolio, a development it describes as a milestone.

BHP Energy Coal of South Africa accused Transnet of "unfounded assertions" in a development that seemingly puts pay to public-private cooperation on export coal facilities.

Power utility Eskom says it needs people to cut their power usage by 10% to keep the country's electricity supply running.

The power utiity also announces that four executives it suspended in March - three of whom have left the organisation - have been cleared of any wrong-doing.

The Wescoal share price has jumped following investor presentations which targeted analysts and fund managers but not financial media.

Wescoal Holdings signalled its confidence in its domestic coal supply strategy paying a maiden dividend and saying it was seeking more acquisitions.