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Transnet ‘needs to up its game’

It is essential that Transnet appoints a new CEO, while Eskom has to renegotiate pricing with coal suppliers if the power utility is worried about coal security, says Optimum Coal CEO Mike Teke.

Indian consortium hunts coal

An Indian coal consortium is looking to acquire overseas coal assets, says a top official at one of the member companies, to meet rising demand for the key raw material in Asia's third-largest economy.

Long-term coal supply a worry, says Eskom

Rising coal exports are threatening the security of supplies for electricity generation over the long term, says a senior Eskom official.

Shabangu makes coal exports threat

Government will not allow coal producers to cash in on the soaring international demand for the commodity to the detriment of Eskom, says Mines Minister Susan Shabangu.

Record annual production for Xstrata commodities

Diversified resources group Xtrata has reported that it achieved record annual production of coking coal, semi-soft coking coal, mined nickel and refined nickel in 2010.

Sekoko in Eskom coal supply talks

Sekoko Coal says it has signed a memorandum of understanding with Eskom for the supply of coal from 2012.

BHP to divest SA coal rights

BHP Billiton says it plans to sell off some of its virgin coal prospecting rights and to focus on existing operations instead.

Uranium One rides the nuclear wave

Uranium One shares hit a new 12-month high on Tuesday as the uranium spot price moved up to $70/lb but competitor First Uranium is headed south because of financial problems.

CoAL runs low on available cash

Coal of Africa is "assessing the various financing alternatives available" as negative cash flows eat into its working capital.

Posco, Vale in Mozambique coal JV

Posco, the world's No.3 steelmaker, says it has agreed with Brazilian group Vale to jointly seek to develop a coal mine in Mozambique.