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...
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...
Exxaro sheds Mafube pre-empt if Anglo packages coal mines
THERE is so much noise around the proposed sale of Anglo American’s South African thermal coal assets that it’s hard to know just how...
Gupta’s Oakbay sells Optimum Coal export rights for R3.6bn
GUPTA family-controlled Oakbay Investments has sold Optimum Colliery’s coal export allocation through the Richards Bay Coal Terminal (RBCT) to huge private international coal trading...
Petmin to set about funding $250m NAIC in third quarter
PETMIN said it would begin sourcing funding for its $250m pig iron project which is held in its 40%-owned North Atlantic Iron Corporation (NAIC)...
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...
Exxaro’s renewable energy plan left twisting in the wind
MXOLISI Mgojo has overseen a successful first six months as CEO of Exxaro Resources, but the group’s strategic bet on making renewable energy a...