CoAL launches R1.29bn bid for Universal
Coal of Africa has bid cash and shares for the 4.5 million tonne/year coal producer, Universal Coal, trumping an earlier offer by IchorCoal.
Chinese firm buys control of MC Mining for R1.6bn
A CHINESE firm listed in Hong Kong has bought control of South African thermal and metallurgical coal development firm MC Mining.
The $90m (R1.6bn) deal...
Ramaphosa asks SA to accept load-shedding whilst Govt. “fundamentally changes trajectory...
SOUTH African president, Cyril Ramaphosa, told the country’s business sector it would have to abide by continual load-shedding whilst the government set about "fundamentally...
Limpopo gives Resgen thumbs up for mine
The building of the proposed Boikarabelo coal mine in the Limpopo province moved
a step closer with authorities approving its construction.
Keaton’s Eskom contract extended
Coal exploration and development company Keaton Energy says its contract with power utility Eskom had been extended.
Optimum Coal in major refinancing
Optimum Coal is busy restructuring its finances ahead of what looks like a major capital programme to build new mines to maintain and grow production.
Sentula raises R740m senior debt facility
Sentula Mining has announced that it has received final credit approval for a facility in the amount of R740m from a consortium of financial institutions to refinance the group's existing senior debt facility and provide liquidity to the group.
CoAL in debt and equity deal with Investec
Investec is to pump $58.7m into Coal of Africa through a combination of debt and equity funding, with an undertaking to acquire some more shares over the next year.
BHP suspends work at Khutala after fatality
BHP Billiton's SA coal unit has suspended mining activities at the underground operations of its Khutala colliery after a fatality at the mine, says the company.
High Court orders Arnot OpCo be put into business rescue
SALUNGANO Group, formerly known as Wescoal Holdings, successfully bid to put its 50% owned Arnot OpCo into business rescue, said online publication News24.
It cited Salungano...