Investing in modernising Eskom fleet a “thankless task” for investors, says...
INVESTING in the modernisation of South Africa's ageing coal fired power stations would be "a thankless task", said Andrew Canter, chief investment officer of...
Firestone raises R12.6m in share issue
Firestone Energy has issued 9.6% of its share capital and ceded rights to underground gasification on tenements owned by it and Sekoko Resources in an effort to further fund its Smitspan project.
Optimum Coal confirms bid interest
Optimum Coal Holdings has confirmed it had received expressions of interest from unnamed third parties.
Exxaro to mine last major coal deposit of Mpumalanga coalfields
EXXARO Resources has started work on one of the last substantial coal deposits remaining in the 100-year-old Mpumalanga coalfields.
The R3.3bn Belfast mine will be able...
Universal Coal on track for annualised output of 8.5Mt after starting...
UNIVERSAL Coal, the Australian-listed coal producer that operates in South Africa's Mpumalanga province, expected to achieve annualised coal production of 8.5 million tonnes (Mt/y)...
MC Mining raises R10m following share subscription with private investor
MC Mining has raised R10m following a subscription for shares by privately-held Columbia Skies Holdings (CSH), the company said today.
The share subscription will tide...
Exxaro’s good intentions subverted by its ham-fisted approach
MINORITY shareholders in Exxaro Resources claimed a minor victory last year when they were able to compel the company’s management to alter the structure...
Industry seeks talks over Eskom tariff proposals
Large energy consumers will, in the coming months, be holding talks with
Eskom to negotiate smaller tariff hikes than the proposed 14.6% annual
increases over the next five years.
Eskom suspends senior coal procurement manager for corruption with suppliers
ESKOM, the South African power utility, said it had suspended a senior manager in its coal procurement division after an investigation revealed corruption in...
Eskom agrees temporary coal price with South32 which targets sale of...
SOUTH32 expected to complete the sale of its stake in its South African Energy Coal (SAEC) business to Seriti Resources in the December quarter, but...