Work stops on CoAL’s Vele mine
Development work on Coal of Africa's Vele coking coal mine in Limpopo Province has been stopped while the company negotiates with the Department of Environmental Affairs
SA banks “drop their pencils” on Eskom coal deals
SOUTH African banking sources have said Eskom's decision not to invest in new coal expansions has made it more difficult to fund energy security.
"We...
Wescoal storms back, optimism high
Wescoal said high domestic prices and new production from the Eskom-
dedicated Vlakvarkfontein boded well for another earnings improvement in the
current financial year.
Wescoal confirms Eskom force majeure, says impact not yet “quantifiable”
WESCOAL Holdings confirmed on Tuesday that Eskom, South Africa's state-owned power utility, had issued it with a force majeure on coal supply agreements.
The force...
Keaton on the acquisition path
Keaton Energy says it is on the lookout for new assets, seeking acquisitions to
complement the company’s recent takeover of Leeuw Mining and Exploration.
Sasol has no plans to sell coal assets saying they form...
SOUTH African petrochemicals group, Sasol, is to keep its coal mining business, said Reuters citing its CEO, Fleetwood Grobler.
"There was some speculation about the...
CGNPC closes in on Namibia’s Husab
ASX-listed Extract Resources, which owns the Husab uranium deposit in Namibia, has
received a formal bidder’s statement from China’s CGNPC-URC for a A$8.65/share deal.
Wescoal already lining up the next target after Keaton Energy
The acquisition of Keaton Energy gives Wescoal a larger financial and operating base from which to pursue further acquisitions and Wescoal was already reviewing possible...
SA coal exports fall in November
Richards Bay Coal Terminal has exported 6.3 million tonnes of coal in November, compared with 7.4 million tonnes the previous month, says the firm
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.