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Eskom softens coal crisis stance

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Eskom has softened its stance on the likelihood that South Africa is facing a coal supply cliff owing to a reduction in electricity demand, and improved contracting.

SA to have nuclear power by 2023

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South Africa would add fresh nuclear power capacity to the country's national grid by 2023 in time to replace the retirement of coal-fired power owned by Eskom.

Sasol delays GTL, ups R4bn savings plan

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Sasol planned to better its planned R4bn in sustainable savings by 2016 in response to lower international oil prices.

Glencore cuts SA coal by 5mt as prices bite

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Glencore is to cut thermal coal output from Optimum Coal by at least five million tonnes a year as coal prices bit deep causing "ongoing financial hardship".

Oil price heaps pressure on Sasol

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Petrochemical giant Sasol is one of the companies not benefiting from the decline in the price of oil with its dividend most under threat.

Crunch time for Resgen’s $400m debt talks

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Resource Generation puts development at its Boikarabelo project in abeyance as it waits on "protracted" discussions with a potential consortium of lenders.

ContiCoal bid, would be “great outcome”

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A $75m bid for Continental Coal's subsidaries by Ivory Mint would be "a great outcome", says the business practitioner presiding over the firm's business rescue.

RBCT wary of 19mtpa expansion plan

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Richards Bay Coal Terminal said the expansion of its facilities which saw it cross swords with Transnet two years was unlikely to see light of day in the short-term.

Matona blames crisis on deferred maintenance

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South Africa was paying the price for failing to maintain its plants from about 2009 and that load-shedding was imminent and would continue for "a long time".

Beacon Hill investors in uproar over failure

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Private investors in Beacon Hill Resources say the company's management could face a class action after failing to study their proposal to save the company.