Glencore bids $1.35bn for Chad oil, gas
Glencore Xstrata has underlined its appetite for Africa risk after bidding a cash premium for an oil and gas exploration firm in Chad - the world's seventh poorest nation.
Peabody suspends financing of $3.8bn Anglo coal purchase
US coal producer Peabody Energy said financing of its proposed $3.8bn purchase of metallurgical coal assets from Anglo American was on hold until there...
Wescoal cuts losses but fortunes remain parlous as net debt dwarfs...
WESCOAL reported a much-reduced annual loss year-on-year, but the miner’s fortunes remain parlous whilst net debt of just over R1bn remains on its books...
Eskom plant gets US nod
Despite opposition by green groups, the US Export-Import Bank has given initial approval to help fund the Kusile coal plant in Mpumalanga.
Namibia clears Extract to build Husab
Extract Resources has won a licence to develop its Husab uranium mine in Namibia, which could help push up the price a suitor may offer for the $2bn company.
Does Molefe have the measure of Eskom?
Transnet's Brian Molefe has faced turnaround tasks before but will his considerable leadership skills be enough for a swerving car wreck like Eskom?
CoAL brings curtain down on legacies, sets about acquisition
This is an update of an article published on March 14 which erroneously stated Coal of Africa was short of funding to settle an...
In Pictures: Transnet Freight Rail’s 50-wagon coal derailment
SOUTH Africa's coal industry is absorbing the news of a coal freight derailment on May 12 near Vryheid involving 56 coal-laden wagons and locomotives....
Mafube lifex project in doubt after JV hits licensing problems
THE future of the Mafube coal mine in South Africa's Mpumalanga province has been thrown into doubt after the government turned down its application...
Wescoal holds div, issues shares amid cash strain
Wescoal Holdings said it would not pay a final dividend and would raise up to R81m through a rights issue whilst is sought a long-term supply deal with Eskom.