Home News Energy Page 112

Energy

Output at Grootegeluk cut to 70% during rains

Despite the production cut, however, Grootegeluk continued to supply Eskom's Matimba power station using stockpiles.

IchorCoal bids for Universal Coal

IchorCoal is keeping up the pressure on its ambitions to grow its South Africa production base with an A$56.6m bid for outright control of Universal Coal.

Resgen chairman Xate “senses momentum” as R4.2bn Boikarabelo funding nears conclusion

RESOURCE Generation's (Resgen's) long-standing efforts to secure the balance of some R4.2bn in funds required to build its Boikarabelo thermal coal mine may reach...

Eskom vulnerable as truck driver strike rolls on

Return-to-service power stations owned by Eskom may be vulnerable to coal supply disruptions on the back of the truck drivers’ strike, now in its second week.

Bushveld share gains traction after unveiling $68m May Day swoop on...

SHARES in Bushveld Minerals looked set to end the day almost 8% higher continuing a surge from April 30, the day before the company...

RBCT unveils R1.34bn replacement plan

Richards Bay Coal Terminal is to spend R1.34bn over three years replacing its machinery at its phase one facilities notwithstanding the slide in coal prices.

First Uranium initiates strategic review

Gold and uranium producer First Uranium Corp says its board has initiated a strategic review of the company's business.

Keaton sells first coal from Vanggatfontein

Keaton Energy has sold the first coal from its Vanggatfontein colliery, where successful development of both production phases will be crucial in reviving the company's flagging share price.

Vitol speculated to take stake in CIC Energy

Dutch commodity trading group, Vitol, may take a 9.1% stake in Toronto-listed coal exploration company, CIC Energy, according to a report by Reuters.

CoAL ends Mooiplaats strike, but market bites

Coal of Africa said a six-week strike at its Mooiplaats colliery in Mpumalanga province was over, but the lower production and poor markets will make to a tough first half of its financial year.