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...
Eskom defends Tegeta link saying it saved R10bn in coal costs
SOUTH African power utility, Eskom, defended its relationship with the Gupta family owned Tegeta Exploration & Resources (Tegeta) saying it was commercial and had...
Eskom’s Ngubane calls Thuli Madonsela “unduly believing”
ESKOM chairman, Ben Ngubane, today described former head of South Africa's Public Protector office, Thuli Madonsela, of having "an unduly believing mind" in compiling...
Firm behind R500m De Roodepoort coal project was Gupta linked
THE company that said it planned to build a R500m, 1.44 million tonnes a year (mtpa) coal mine in South Africa's Mpumalanga province -...
Tegeta coal prepayment “amounts to fraud”, says Public Protector
THE relationship between Eskom and the Gupta family's Tegeta Exploration & Resources (Tegeta) is a prominent feature of the Public Protector's report into state...
Wescoal puts pay to rocky past as half-year earnings surge
JOHANNESBURG-listed coal junior, Wescoal Holdings, served notice it was primed for growth through acquisition as it sought a medium-term run-of-mine (ROM) production target of...
Keaton hails Moabsvelden as potential game-changer
MANDI Glad, CEO of JSE-listed coal junior, Keaton Energy, described the award of an integrated water use licence (IWUL) by the Department of Mineral...
Gordhan throws weight behind R58bn renewable IPP plan
FINANCE minister Pravin Gordhan threw his weight behind South Africa's renewable independent power producer (IPP) programme amid criticism, most notably by Eskom CEO, Brian...
Guptas say R4bn in ‘unusual’ Optimum deals unrelated to Oakbay
OAKBAY Investments transactions worth just over R4bn flagged as "unusual and suspicious" by South African finance minister, Pravin Gordhan, related to Optimum Coal Mine...
Oakbay denies raiding Optimum fund on day when CEO resigns
OAKBAY Investments, the holding company of Johannesburg-listed Oakbay Resources & Energy, said it had moved the account of Optimum Coal Mine's R1.5bn rehabilitation fund...