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Wescoal retools balance sheet ahead of possible swoop on SAEC via...

WESCOAL Holdings has restructured its balance sheet in which it has locked in new credit of R1.1bn with the option of accessing an additional...

South32 lowers SA coal production target owing to community protests

SOUTH32 will report lower-than-forecast coal volumes from its South African Energy Coal (SAEC) business following community disruptions and a slower-than-anticipated increase in production from...

Creditor outrage as Optimum Coal to be sold for a pittance...

OPTIMUM Coal Mine's creditors have objected to a proposed sale of the mine to an unknown entity, Halo Projects, which they claim was a shelf...

Bushveld share gains traction after unveiling $68m May Day swoop on...

SHARES in Bushveld Minerals looked set to end the day almost 8% higher continuing a surge from April 30, the day before the company...

Eskom tariff hike “a disaster’ for mining, says Minerals Council South...

A QUARTER of South Africa's mining jobs would be lost because of the additional costs coming from increased electricity tariffs over the next three...

Resgen thermal coal project Boikarabelo gets crucial jumpstart as second lender...

RESOURCE Generation (Resgen) was close to finalising the last major piece in the funding puzzle for Boikarabelo, a thermal coal mining project, after a...

Minergy holds the phone whilst export coal market absorbs price knock

THE retreat in export coal prices, down from about $100/t at the end of last year to $68/t currently, couldn’t come at a worse...

SA government puts spanner in works with offer to nationalise Optimum...

THE South African government put a spanner in the works today after it said its African Exploration & Mining Finance Corporation (AEMFC) was participating...

Banks should be compelled to invest in new coal mines –...

SOUTH African banks Nedbank and Standard Bank should be compelled to invest in building new coal mines, said Bloomberg News citing the comments of...

Exxaro sticks by decision to release 750 Group Five contractors at...

EXXARO Resources will continue with the termination of about 750 workers' contracts employed through Group Five Construction despite an instruction from the distressed firm's...