Home News Energy Page 113

Energy

Wescoal signs R700m Eskom supply pact

Wescoal, the junior coal miner, has signed a R700m, three-year coal supply agreement with Eskom.

CoAL Chapudi deal extended again

CoAL of Africa's efforts to land its $85m Chapudi coking coal deal from Rio Tinto have been frustrated again.

Wescoal secures R200m for Elandspruit

Wescoal Holdings has raised R200m in debt with Investec the bulk of which will help double the coal firm's run-of-mine production to four million tonnes a year.

RBCT hoping for big Q4 response after storm forced closure

RICHARDS Bay Coal Terminal (RBCT) will be hoping it can repeat its fourth quarter performance of last year when it shipped just over eight...

Anglo mulls power plant bids – Business Day

Anglo American may this year appoint a service provider to build a 450MW power plant to take pressure off its platinum subsidiary’s electricity constraints, reports Business Day.

Miners fire back at Eskom over coal

Eskom has to reflect on its own deficiencies before blaming the mining industry for its coal quality and supply concerns, says Chamber of Mines CEO Bheki Sibiya.

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...

Canyon Coal, Menar to spend R3bn expanding SA coal output

IT'S a great pity Vuslat Bayoglu’s Canyon Coal, or its shareholder Menar Holdings, a Luxemburg company in which the Bayoglu family wealth is invested,...

Wescoal storms back, optimism high

Wescoal said high domestic prices and new production from the Eskom- dedicated Vlakvarkfontein boded well for another earnings improvement in the current financial year.

Namibia uranium output down on poor weather

Namibia's uranium production fell in the first 10 months of 2011 compared with the previous year, but output is expected to rise as expansion projects come online.