Gupta’s Oakbay sells Optimum Coal export rights for R3.6bn
GUPTA family-controlled Oakbay Investments has sold Optimum Colliery’s coal export allocation through the Richards Bay Coal Terminal (RBCT) to huge private international coal trading...
Blow to Billiton in Eskom price case
The high court has rejected BHP Billiton's attempts to dismiss a legal bid which may reveal its preferential electricity prices.
5 urgent ‘to-do’s’ on Eskom CEO’s worry list
What to do about a state-owned utility called Eskom is the subject on everyone's lips again. First off, appointing a CEO. Secondly, addressing these crucial issues ...
MC Mining to buy disputed Makhado properties after sealing R70m deal
MC Mining is to pay R70m in order to secure the surface rights to two properties critical to the development of its $80m(R1.2bn) Makhado...
Eskom calls for coal market intervention
The government needs to regulate the supply of coal to its power plants to ensure exports of the material do not jeopardise electricity generation, says Eskom.
Eskom cancels agreements totalling R11bn in crime crackdown
ESKOM cancelled coal supply agreements and construction contracts totalling R11bn as South African authorities sought to crack down on crime, said Bloomberg News citing...
Japan’s Itochu takes 10.3pct stake in Extract
Extract Resources, the Australian mining company focused on developing uranium projects in Namibia, says Japan's Itochu Corporation had agreed to acquire a 10.3% stake in its business.
Severe storm lowers South32 SA coal exports 22% in FY17
SOUTH32's South Africa coal production for its 2017 financial year, which closed June 30, fell 9% owing to adverse weather conditions and a delay...
Wescoal confirms Arnot Opco “under investigation” amid claims of financial mismanagement
WESCOAL said its joint venture at Arnot Colliery in Mpumalanga province was "under investigation" and declined to make further comments following an article at...
Who is Sibanye-Stillwater’s new uranium partner?
IN the final knockings of 2024 Sibanye-Stillwater sold its Beatrix 4 shaft to a little-known junior miner, UK-listed Neo Energy Metals.
In terms of easing...