Keaton raises R65m with share issue
Keaton Energy has raised R65m by issuing new shares for cash, intended mainly to pursue opportunities presented by the recent acquisition of Leeuw Mining.
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...
Resgen signs R4bn Boikarabelo contracts as funds hang in balance
RESOURCE Generation (Resgen) kicked on with the development of Boikarabelo, a large thermal coal deposit in the Limpopo province, by signing $310m (R4.1bn) in...
Higher uranium price to trigger wave of new mines in Namibia
A RAFT of uranium projects in Namibia were waiting for higher prices before approval, said Bloomberg News citing the southern African country's finance minister,...
Exxaro applies to export coal saying forex earned will help SA...
EXXARO Resources confirmed it would continue to operate its mines in order to supply Eskom, South Africa's power utility, but it would also endeavour...
SA could decomission coal-fired power quicker than currently planned
SOUTH Africa could decommission coal-fired power stations quicker than set down in the current government plan, and replace a portion of the deficit with...
Optimum Coal issues Richards Bay plea
Transnet Freight Rail and the country’s coal producers have to find a way to exploit the full export potential of the Richards Bay Coal Terminal, says Optimum Coal CEO Mike Teke.
Sentula in new BEE talks
Sentula says it has started discussions on a proposed broad-based black economic empowerment transaction.
SA Govt to discuss price indexation with coal sector to contain...
THE South African government would ask the country's coal producers to consider indexing the price of coal supplied to Eskom, the state-owned power utility,...
Exxaro’s ‘money or the box’ conundrum
Three years after announcing a strategy to diversify from coal, Exxaro is still searching for an investment.
Nombasa Tsengwa, CEO since mid-2022, acknowledges that it’s been a...