Thungela pins 2022 coal production guidance on turnaround at troubled Transnet
THUNGELA Resources is to pay an interim dividend owing to vastly improved thermal coal prices which offset the chronic under-performance of Transnet, the South...
Glencore, Ramaphosa unveil Optimum bid
A consortium consisting of Glencore and businessman Cyril Ramaphosa has unveiled terms of a R34/share bid for Optimum Coal, but a counter offer has already been made.
Global shocks have debunked the peak coal myth
THE world burns nearly double the amount of coal today compared to 2000, and four times the amount consumed in 1950. Every minute, 16,700...
Destination of South32’s SA thermal coal assets may turn on size...
EXXARO Resources is one of the companies thought to have been short-listed for South32’s South African coal assets – known as South African Energy Coal...
New tariff to force Eskom strategy rethink
Brian Dames, CEO of Eskom, said the utility would have to fundamentally re-engineer itself in order to address the halving of its proposed five-year tariff hike.
Universal considers approaches from third parties
Universal Coal says it is reviewing the appointment of advisors, following informal approaches from third parties for its coking coal projects in South Africa.
Transnet progress a boon to Wescoal
Better delivery by Transnet Freight Rail has offered respite to Wescoal's troubled trading operations, says the junior coal miner.
Exxaro to cut jobs amid restructure
EXXARO Resources has confirmed union reports that it is planning job cuts.
Exxaro said these form part of a group restructure to improve productivity and...
Miller bids Keaton adieu
Keaton Energy MD Paul Miller has called its quits at Keaton Energy after a five-
year
stint, but promises to stay in junior mining.