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Wescoal joins Ata consortium in takeover bid for Universal Coal

WESCOAL Holdings, the Johannesburg-listed coal producer, said it had joined a consortium led by private equity firm, Ata Resources, to buy Universal Coal. Universal Coal...

Kibo Energy’s Mbeya project may form part of Tanzania’s 880MW export...

JOHANNESBURG- and London-listed Kibo Energy would repoint its Mbeya Coal to Power Project (MCPP) to the export market supplying up to 1,000MW of electricity...

SA coal miners polluting Mpumalanga province water on “egregious” scale –...

COAL mines operated by some of South Africa's largest companies were polluting areas of Mpumalanga province, an area identified by Greenpeace last year as having...

Eskom thinks plan to cancel debt through sale of Kusile, Medupi...

SOUTH African power utility, Eskom, did not believe the sale of its coal-fired power stations was "the way to go", said Bloomberg News citing...

South32 lifts cash, maxes aluminium, and reports progress on SAEC, Seriti...

SOUTH32 kicked off its 2020 financial year in fine form boosting net cash, operating its aluminium smelters in southern Africa at full pelt whilst its...

AEMFC failed to win Govt. support for Optimum bid – report

A BID by the state-owned African Exploration & Mining Finance Company (AEMFC) to take control of Optimum Coal Mines in consortium with a private...

Eskom’s Hadebe describes “unimaginable demands” leading to surprise resignation

PHAKAMANI Hadebe spoke of the "unimaginable demands" that led to his resignation as group CEO of Eskom. "It is no secret that this role comes...

MC Mining lifts Uitkomst June quarter production, but sales frustrated by...

JUNE quarter metallurgical and thermal coal production from Uitkomst increased to 121,742 tons from the previous quarter's 113,190 tons after implementing revised mining cycles,...

Optimum Coal bidder AEMFC to be shifted out of DMRE in...

AFRICAN Exploration & Mining Finance Company (AEMFC), the state-owned mining company thought to have bid for Optimum Coal Mine, will be moved out of...

MC Mining sales coal deal with “one of world’s largest” bulk...

MC Mining has signed a coal sales agreement with "one of the world's largest producers and marketers of bulk commodities" which will buy export...