ContiCoal dismantles board in A$5m rescue
A UK merchant bank, Empire Equity, will provide bridging finance and assist with a A$28m rights offer but the coal firm's executive team will be dismantled.
Forbes Coal’s Theron booted in $19m ouster
CEO, Stephan Theron, is to step down from the company as shareholder Resource Capital Fund re-capitalises the company in an effective takeover.
Glimmer of hope for cash-strapped ContiCoal
Continental Coal said it had made progress in discussions with bondholders over the recapitalisation of the business.
VMR’s bet on Aussie coal miner in peril
Village Main Reef's 19.9% stake in Continental Coal was in danger after the Australian coal miner said it may place itself into administration.
Eskom always likely to face challenges: Dames
Brian Dames, outgoing CEO of Eskom, said the context in which the power utility operates means the group would always face stiff challenges.
Glencore Xstrata integral to SA coal fortunes
The listing of Glencore Xstrata in Johannesburg affords analysts an opportunity to see with more detail how closely tied up the firm's fortunes are with the economy.
Eskom fears resurface as Dames resigns
Brian Dames, CEO of Eskom, is to leave the company in March with financial, operational and capacity pressures as omnipresent for the power utility as ever.
Eskom, Anglo to seal deal on New Largo
Eskom said it expected to clinch a 16mtpa coal supply deal for its R118.5bn Kusile power station with Anglo American's proposed New Largo colliery.
DEA, Eskom say Kriel crisis preventable
Eskom and South Africa's environmental affairs department say shutting Kriel power station, which would remove up to 3,000MW of generating capacity, can be averted.
Universal Coal in line for Exxaro’s NCC
Australia's Universal Coal is one of the companies vying for Exxaro Resources' New Clydesdale Colliery.