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Matona blames crisis on deferred maintenance

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South Africa was paying the price for failing to maintain its plants from about 2009 and that load-shedding was imminent and would continue for "a long time".

Beacon Hill investors in uproar over failure

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Private investors in Beacon Hill Resources say the company's management could face a class action after failing to study their proposal to save the company.

ContiCoal flags new R876m bid for SA mines

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Continental Coal said it had received a bid of R786m from a new buyer but added that its planned A$35m rights offer had been heavily reduced to A$4m.

Beacon Hill to run out of cash in days

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Rowan Karstel, CEO of Beacon Hill Resources, said the company only had enough cash to last it to mid-January after shareholders voted down a funding plan.

Richards Bay goes for 72 million tonnes

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The Richards Bay Coal Terminal is pulling out all the stops during December to achieve total exports of 72 million tonnes for 2014

More uphill for Coal of Africa

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Coal of Africa's woes continue with a delay to the sale of Mooiplaats; a restructuring of the capital raise and legal action against the Makhado mine

8 questions for Eskom’s Tshediso Matona

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Tshediso Matona, CEO of Eskom, tackles questions on BEE demands, commerce versus politics and why it's not the right time to ask about good days at the office.

Eskom coal producer BEE demands workable

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Eskom's BEE demands of new coal supply contracts is causing some teeth-grinding, but coal producers say there's flexibility in deal structuring.

Sterner test awaits Anglo, Eskom coal MoU

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The memorandum of understanding for coal supply from Anglo American's New Largo mine to Eskom is progress, but a fully-fledged agreement is still far away.

Absa seeks business rescue for ContiCoal

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South African bank Absa has applied to put Continental Coal in business rescue proceedings despite the Australian firm hoping to sell its operating asset.