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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...

Destination of South32’s SA thermal coal assets may turn on size...

EXXARO Resources is one of the companies thought to have been short-listed for South32’s South African coal assets – known as South African Energy Coal...

Merafe opts to keep purse strings tight may pay year-end dividend...

MERAFE Resources passed the interim dividend amid "subdued results" in which share earnings fell 61% to 6.6 cents. The group, which has a 20.5% share...

Former ABSA boss Ramos identified to lead Eskom unbundling process

FORMER ABSA CEO, Maria Ramos, may be drafted in to lead the proposed unbundling of Eskom's into three separately managed units, said BusinessLive citing...

Exxaro warns of Medupi hit on coal output and sales volumes

Eskom’s troubles continue to plague Exxaro, with the diversified miner cautioning that lower coal demand from the Medupi power station will adversely impact its...

RBCT unfazed by potential role of international trading firms in Optimum...

THERE is uncertainty as to whether international trading groups will take equity in Optimum Coal Mines in terms of its purchase out of business...

Fossil fuels a major culprit in report warning of catastrophic environmental...

FOSSIL fuels were named among the chief culprits responsible for an environmental crisis in which up to a million animal and plant species are imminently...

Eskom debt continuing to march “the wrong way” as economist say...

WHILST an economist told Bloomberg News that Eskom wasn't yet a sovereign debt problem, others believed it was critical South African restructure its electricity...

Zimbabwe seeking 30% power tariff increase or country faces interruptions

ELECTRICITY costs in Zimbabwe could increase by as much as 30% after the southern African country's power utility, ZESA Holdings, applied to the energy...

Gwede Mantashe expresses concerns Optimum Coal business rescue is “corrupt”

THE process through which Optimum and Koornfontein coal mines is being sold may be corrupt, said mines and energy minister, Gwede Mantashe. Asked by Miningmx...