South32’s Kerr says firm would not seek new coal investments
SOUTH32 CEO, Graham Kerr, said the Perth- and Johannesburg-listed group would not seek out new coal investments as there was a growing investor preference...
Transnet abandons coal rail expansion as part of broad effort to...
TRANSNET would not proceed with the expansion of the Waterberg coal line in South Africa's Limpopo province beyond the currently announced six million tons...
Sekoko in Eskom coal supply talks
Sekoko Coal says it has signed a memorandum of understanding with Eskom for the supply of coal from 2012.
Anglo coal deal could be pushed back “significantly”, says bank
ANGLO American's chances of closing the sale of its metallurgical coal assets to Peabody Energy had been dealt a blow, according to a report...
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.
Wescoal passes dividend as debt rises to dangerous levels, lenders waive...
WESCOAL Holdings passed the dividend following a poor 2020 financial year in which the South African thermal coal producer slid into a R137m (R2019:...
Jabu Mabuza takes on daily Eskom grind as utility’s debt woes...
JABULANE Mabuza, Eskom chairman since the beginning of 2018, will add the daily grind of running the South African power utility to his worries...
The DMR shakes up coal exporters
The department of mineral resources has radically restructured the 4mt/year Quattro coal export scheme, replacing management ahead of announcing new allocations.
Coal’s evergreen allure hard for investors to ignore
The pendulum has swung back to coal. Look no further than Glencore which is reconsidering retaining its coal production instead of demerging and separately...
Govex opts to sell Falea project to African Energy Metals for...
GOVIEX has sold its Falea project in Mali to African Energy Metals (AEM) for $5.5m in cash and shares, the Toronto-listed uranium developer said...