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...
Dubai’s Centaur Holdings plans R500m De Roodepoort coal project
CENTAUR Holdings, a Dubai-based private equity company, is to raise up to R500m to build a new coal mine in South Africa's Mpumalanga province...
Wescoal to boost annual exports to one million tons
Coal miner and trader Wescoal has finalized a series of coal supply contracts which will diversify its revenue streams and boost exports to one...
Coal revenue to give impetus to Oakbay’s debt raising hopes
OAKBAY Resources & Energy CFO, Trevor Scott, put a different light on his parent company’s financial difficulties saying the listed mining firm’s balance sheet...
Absa to take stake in Kibo’s 300MW coal to power project
SOUTH African bank Absa is to take an equity stake in an Tanzanian coal-to-power development project which is being built by Kibo Mining, a...
Eskom recovers Tegeta coal prepayment after 1.25mt delivered
ESKOM said it had recovered the cost of pre-paying Tegeta Energy & Exploration (Tegeta) for the delivery of 1.25 million tonnes of coal to...
Tegeta deal with Vitol would damage RBCT’s BEE endeavours
THE difficulty Richards Bay Coal Terminal (RBCT) finds itself in is that it may prove very costly to preserve its black economic empowerment (BEE)...
RBCT acknowledges Guptas trying to sell coal rights to Vitol
RICHARDS Bay Coal Terminal (RBCT), today acknowledged for the first time there was a proposal to sell shares in the facility to Vitol, a...
South32’s Kerr says firm would not seek new coal investments
SOUTH32 CEO, Graham Kerr, said the Perth- and Johannesburg-listed group would not seek out new coal investments as there was a growing investor preference...
Oakbay has no deal in place to sell Optimum export rights
OAKBAY Resources & Energy said there was currently no deal in place to sell the export rights of Optimum Coal, the South African coal...