IchorCoal targets 20mt mid-tier coal status
Frankfurt-listed IchorCoal wants to build production of 20 million tonnes a year in South African coal production, enough to give it mid-tier status.
WCC in funding squeeze as project faces delay
Waterberg Coal Company was also considering building a smaller export-dedicated mine at its Waterberg Coal Project amid delays in a Eskom sales agreement.
Ex-Amsa boss leads R244m Universal Coal deal
Nonkululeko Nyembezi-Heita, CEO of IchorCoal, has taken a R244m bet on Australian coal producer and developer, Universal Coal which supplies coal to Eskom.
CoAL, Grindrod settle Matola deal
Coal of Africa will pay $10m to settle liabilities related to a take-or-pay agreement with two Grindrod subsidiaries until the end of December 2016.
TFR seeking R40bn outlay for rail line
Transnet Freight Rail wants to build a new heavy haul rail line to replace the route it is currently upgrading for new coal from the Limpopo province.
Rio Tinto ends Mozi excursion in $50m sale
Rio Tinto brings the curtain down on its disastrous excursion into Mozambique's coking coal district selling its subsidiary company for $3.85bn less than it paid.
Exxaro returns to roots with R4.9bn TCSA swoop
Exxaro Resources said it would buy Total Coal South Africa for R4.97bn taking investment in coal in the last two months to R8.7bn.
Keaton ends June quarter “in positive mood”
Keaton Energy ticked more production boxes in the June quarter, seasonally a good operating period for South Africa's coal producers.
Debt-laden Eskom issues plea for tariff hikes
Eskom is a company rapidly sliding beneath the cost of servicing some R252bn in debt - a situation that cries out for a revisit of the electricity tariff.
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.