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SA Govt suspends licence for CoAL Makhado venture

COAL of Africa's (CoAL's) plans to start development of its Makhado coking and thermal coal project received a setback today when the South African...

Former AEMFC boss found guilty of committing Govt firm to Optimum...

SIZWE Madondo, the former CEO of South Africa's state-owned African Exploration & Mining Finance Corporation (AEMFC) has been banned from occupying senior positions at...

RMB holds 5.2% Petmin stake

Anthracite coal miner Petmin says financial services group Rand Merchant Bank holds 5.20% of the company's share capital.

Resgen sizing up Boikarabelo as IPP prospect in 2017

Exxaro Resources is expected to be one of two Independent Power Producers (IPPs) identified by the Department of Energy (DoE) in the first round...

Resgen gets $132m funding deal with Noble

Resource Generation has secured financing for its Waterberg coal project Boikarabelo following an equity and debt deal with Noble Group, a trading firm.

Eskom chairman Ngubane cavils at Ramatlhodi’s “naked lies”

IN a commentary evocative of Donald Trump's complaint that he was the worst treated politician in history, Eskom chairman Ben Ngubane said the South...

Eskom running viability exercise on Medupi, Kusile as SA faces more...

ROLLING blackouts are to become a permanent feature of South Africa’s business landscape for up to two weeks as the country’s power utility, Eskom, attempts...

Exxaro unconvinced Eskom’s 51% BEE target is “policy”

EXXARO Resources was unconvinced Eskom's demand for 51% black ownership in order to comply with its black economic empowerment (BEE) rules was policy. "Up until...

Firestone to review R300m Tata Power offer

Tata Power has proposed taking a 30% stake worth R300m in Firestone Energy and Sekoko Resources' Waterberg Coal Project - a "highly conditional" offer now under review.

Sasol shareholders may not welcome rights issue as firm seeks to...

TAPPING shareholders for funds via a rights issue might be "a tough ask" for Sasol's shareholders, said Bloomberg News citing an analyst. Commenting on the...