Eskom took Tegeta shares as security for R586m prepayment
ESKOM accepted shares in Tegeta Exploration & Resources (Tegeta) as security for R586m it prepaid the Gupta family company for coal from Optimum colliery.
Brian...
Anglo strikes back after Eskom labels coal deal “unacceptable”
ANGLO American has hit back at claims by an Eskom executive that the price of coal it supplies to the utility's Tutuka power station...
Eskom’s SA power play not entirely of its own making
ESKOM’S claims to have beaten the energy crisis in South Africa are, to a large extent, true, but only partly of its own making.
The...
Eskom promises to provide R1.8bn to Exxaro’s Matla
EXXARO Resources said Eskom would provide R1.8bn to expand the Matla mine after the mining firm reduced the cost of the proposed expansion by...
Glad puts brave face on year of pain for Keaton
KEATON Energy CEO, Mandi Glad, has tried to reassure investors that once-off impairments and liabilities, which threw Keaton Energy into a R297.3 million net...
Keaton to re-scope project amid heavy write-downs
JOHANNESBURG-listed Keaton Energy is to post earnings and headline earnings losses for its 2016 financial year owing to two non-cash items including a R61.5m...
Zimbabwe’s HCC to cut 1,000 jobs as capital runs short
CAPITAL constraints will force Zimbabwe's Hwange Colliery Company (HCC) into reducing staff numbers by a third despite government efforts to boost the firm's productive...
Coal miners say Eskom contract changes unworkable
SOUTH African coal mining executives said proposals by Eskom aimed at ensuring the quality of coal it consumes would make it more difficult to...
Eskom discloses R38bn capital bill for cost plus coal
ESKOM, the South African power utility, said it would plough R38bn into so-called 'tied mines' including some R1.8bn for a new shaft at Matla,...
Gupta’s Oakbay hits out at “gravy train” in SA coal
OAKBAY Investments has hit back at a newspaper report that said it received a lucrative prepayment from Eskom for coal, saying the system through...