Indian firms rescue SA coal juniors
Both Homeland Energy and South African Coal Mining Holdings are being rescued financially by their new, controlling Indian shareholders.
SA coal price spurt lowers RBCT stocks
South African coal export prices recovered as much as 17% in the last month which contributed towards higher offtake and a lowering in stocks at RBCT, data shows.
Note to Eskom: Mind the death spiral
ESKOM is likely to need another bailout from South Africa’s government next year as the impact of the country’s COVID-19 lockdown on the...
Sasol coal mines to operate at planned run-rates despite one quarter...
SASOL said its coal mines would operate at budgeted run-rates despite a decision to cut production a quarter at its Secunda Synfuels Operation (SSO).
The COVID-19...
Resgen secures R4.2bn in debt, equity finance for Boikarabelo with Government-led...
RESOURCE Generation (Resgen) has agreed binding term sheets with lenders that provides R4.2bn in debt and equity financing for its Boikarabelo thermal coal mine...
Kore finally lands EPC contract as China commits $1.93bn
SHARES in Kore Potash yo-yoed on Wednesday after the firm concluded its long-awaited engineering, procurement and construction contract for Kola, a 2.1 million ton...
Exxaro Belfast project produces first export coal six months ahead of...
EXXARO Resources said it had started production at its R3.3bn Belfast thermal coal mine in South Africa's Mpumalanga province six months earlier than planned.
Production...
SA economy needs coal policy: Manuel
Trevor Manuel, chairman of the National Planning Commission, has urged development of a coal policy to help speed SA's economy, and said the mineral would remain central to the country's growth.
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:...
Sasol shareholders may not welcome rights issue as firm seeks to...
TAPPING shareholders for funds via a rights issue might be "a tough ask" for Sasol's shareholders, said Bloomberg News citing an analyst.
Commenting on the...