Eskom slaps Glencore with R2bn penalty
Eskom acting CEO, Brian Molefe, said it would see Glencore in court for payment of R2bn relating to "shoddy performance" from Optimum mine.
Govt approves cut-price TCSA, Exxaro deal
Government approves the bid for Total Coal South Africa, but requires black owned buyer, Exxaro Resources, to attach BEE to the heavily reduced $382m deal.
Glencore, Eskom lock horns over failing Optimum
Glencore said it would place the Optimum Coal Holdings, which controls the 5.5 million tonne/year Eskom mine, into business rescue as coal price talks fail.
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.
Molefe Eskom stay extended three months
The power utiity also announces that four executives it suspended in March - three of whom have left the organisation - have been cleared of any wrong-doing.
Transnet targets 77mt coal exports in 2016
South Africa's rail and logistics company Transnet said it hoped to increase coal exports again in 2016 notwithstanding the slump in international coal markets.
SA makes second run at Botswana coal
An unnamed South African firm would pay Aviva Resources $20m if it could develop a power project at Botswana's Mmamantswe coal deposit.
IMF calls on Mozambique to settle policy
The International Monetary Fund has called on Mozambique to bring certainty to its coal and gas legislative framework in order to consolidate long-term prospects.
Good time to shop for SA coal
Nonkululeko Nyembezi-Heita, CEO of IchorCoal, believes now is the time to buy South African coal assets while prices for the fuel languish.
Glencore resolves to cut up to 700 at Optimum
Glencore said between 600 to 700 workers would be retrenched at Optimum Coal
Mines although Eskom's Hendrina power station would still be supplied.