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Xstrata profit up sevenfold on commodities boom

Anglo-Swiss mining group Xstrata has reported a sevenfold increase in annual net profit in 2010 as it rode the forecast boom in commodities markets and prices.

SA miners slapped with electricity levy hike

Intensive energy users face an additional levy as the South African government studies loopholes - a tax that will stay in place until the carbon tax is instituted.

Challenger shale gas interest ‘undiminished’

Challenger Energy said it was progressing its exploration application for shale gas in the Karoo notwithstanding the withdrawal earlier this week of Shell's interest.

Spotlight may fall on Glencore’s SA dominance

A merger of Glencore and Xstrata would build dominance in South Africa’s coal market that should surely attract the attention of the competition authorities.

SA nuclear plan outdated and unnecessary

South Africa's plans for 10 Gigawatts of base-load nuclear power was based on a plan drawn up in 2010 when the economy was forecast to grow at higher levels.

CoAL puzzled as Rio Tinto presses for Chapudi breach

DAVID Brown, CEO of Coal of Africa (CoAL), said he "didn't understand the logic" of Rio Tinto's claim that his company was in breach...

Coal juniors Scinta, Canyon keep flag flying for SA mining investment

FOR all the scepticism and dark foreboding in South Africa's mining sector some brave souls continue to find a way to invest, especially in...

Petmin to press ahead with share buy-back programme

BRADLEY Doig, commercial director of mid-tier coal producer and iron ore development firm, Petmin, says they’ll be no let up in the company’s share...

Eskom coal supply uninterrupted despite Oakbay delisting

OAKBAY Resources & Energy (Oakbay Resources) was continuing to supply coal to Eskom power stations in line with contracts, said the utility's spokesman, Khulu...

Resgen signs R4bn Boikarabelo contracts as funds hang in balance

RESOURCE Generation (Resgen) kicked on with the development of Boikarabelo, a large thermal coal deposit in the Limpopo province, by signing $310m (R4.1bn) in...