Glencore cuts SA coal by 5mt as prices bite
Glencore is to cut thermal coal output from Optimum Coal by at least five million tonnes a year as coal prices bit deep causing "ongoing financial hardship".
Oil price heaps pressure on Sasol
Petrochemical giant Sasol is one of the companies not benefiting from the decline in the price of oil with its dividend most under threat.
Crunch time for Resgen’s $400m debt talks
Resource Generation puts development at its Boikarabelo project in abeyance as it waits on "protracted" discussions with a potential consortium of lenders.
ContiCoal bid, would be “great outcome”
A $75m bid for Continental Coal's subsidaries by Ivory Mint would be "a great outcome", says the business practitioner presiding over the firm's business rescue.
RBCT wary of 19mtpa expansion plan
Richards Bay Coal Terminal said the expansion of its facilities which saw it cross swords with Transnet two years was unlikely to see light of day in the short-term.
Matona blames crisis on deferred maintenance
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
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
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
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
The Richards Bay Coal Terminal is pulling out all the stops during December to achieve total exports of 72 million tonnes for 2014