Pan African to buy R200m Shanduka coal mine
The gold and platinum producer would spend R200m for a 400,000 tonnes/year export coal mine but did not anticipate diverging from its precious metals focus.
Coal and diamonds should do well in 2011
It's looking good for export thermal coal and rough diamonds in the new year, according to RBC Capital Markets, but the firm is more cautious on the prospects for nickel.
Govt to spell out coal growth prospects
A government task team will set down areas in which coal production can be grown, primarily aimed at plugging the coal supply shortage facing Eskom.
Energy crisis in Europe, US is softening attitudes to SA’s fossil...
THE war in Ukraine and resulting energy crisis in Europe had made Northern Hemisphere institutions "more understanding" about South Africa’s position regarding the future...
IchorCoal will weigh bidding war for Universal
IchorCoal said its offer for Universal Coal was firm and justified but it may weigh its options in the event a rival offer for the Australians emerges as claimed.
Kick in thermal coal prices unlikely to incentivise new projects
STRONG prices for thermal coal were unlikely to encourage new mine builds, said Bloomberg News.
"We expect most coal miners exporting into the seaborne market...
Thungela unveils Moses Madondo as CEO-designate
THUNGELA Resources today announced its founding CEO July Ndlovu would step down from the company this year as he had reached retirement age.
He will...
Wescoal puts pay to rocky past as half-year earnings surge
JOHANNESBURG-listed coal junior, Wescoal Holdings, served notice it was primed for growth through acquisition as it sought a medium-term run-of-mine (ROM) production target of...
Govt had no choice in Molefe’s Eskom return, says Lynne Brown
PUBLIC Enterprises minister, Lynne Brown, said the South African government had no choice but to support Eskom's decision to re-employ Brian Molefe as CEO...
Zuma nephew declares Atha-Africa Yzermyn venture clean
AS if wanting to mine coal in a protected area was not controversial enough, Indian firm Atha-Africa Ventures is also fighting a rearguard action...