Coal miner Thungela announces R500m share buy-back
THUNGELA Resources, the Johannesburg listed coal producer, announced plans on Monday to buy back up to R500m of its own shares.
Commenting in its results...
Bullish outlook for coking coal
MF Global reckons the coking coal market has better fundamentals than the iron ore market and Mozambique stands to benefit significantly but only when the required infrastructure is provided.
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.
Transnet eyes 80 mln tonnes on Waterberg line
A planned rail link to South Africa's Waterberg coal fields could eventually handle up to 80 million tonnes of coal a year if there is enough demand, says Transnet.
Weather prompts another force majeure
Xstrata has declared force majeure at its Ulan thermal coal mine in Australia's New South Wales state due to heavy rains, the company says.
Eskom coal woes intensify as NUM calls Koornfontein strike
THE coal supply concerns of South African state-owned power utility, Eskom, intensified today after the National Union of Mineworkers (NUM) said its members would embark on...
CoAL completes NiMag management buyout
Coal of Africa says the conditions for the management buyout of subsidiaries Nimag and Metalloy Resources for R54m have been met.
Keaton Energy bags Leeuw Mining
Keaton Energy has taken over a KwaZulu-Natal based coal producer Leeuw Mining in a deal which gives it direct access to the export market and ownership of new projects.
Kibo won’t abandon Mbeya project despite Tanzania’s shocker rejection of tender
SHARES in Kibo Energy stayed near all-time lows today despite a shareholder letter seeking to calm nerves following the rejection on February 14 of...
Exxaro to build R3.8bn Belfast coal mine
Exxaro Resources said it would develop one of the last quality coal resources of South Africa's famed Mpumalanga province with most of the output to be exported.