Exxaro suffers R11bn opportunity cost as year-on-year coal exports decline 32%
TRANSNET Freight Rail (TFR) was on course for export deliveries to Richards Bay Coal Terminal (RBCT) of just over 54 million tons (Mt), said...
Eskom two-year bailout, unbundling plan set down in London meeting
SOUTH Africa's power utility, Eskom, would be unbundled in two years after which the government would decide whether a further bailout was required.
Eskom has...
Alleged copper thieves trapped in former Gupta coal mine following explosion
ALLEGED thieves who gained access to the Gloria coal mine in South Africa have been trapped following a gas explosion, according to a report...
Eskom warns of looming power squeeze
Eskom CEO Brian Dames says the lack of new power stations may finally catch up with South Africa in 2011.
Transnet to favour junior coal exporters
Transet appears set to allocate greater railage volumes to junior empowerment coal exporters at the expense of the established Richards Bay Coal Terminal members.
Thungela has best leverage to coal price, Transnet improvements
ONE way of playing the global geopolitical distress is to exploit coal, the reputation of which has been slightly rehabilitated of late.
Commenting at the...
Eskom took Tegeta shares as security for R586m prepayment
ESKOM accepted shares in Tegeta Exploration & Resources (Tegeta) as security for R586m it prepaid the Gupta family company for coal from Optimum colliery.
Brian...
Seriti Resources lines up R20bn New Largo project
SERITI Resources, the consortium that is concluding the purchase of Eskom-dedicated coal mines from Anglo American, is set to add to its asset base...
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.
Transnet ‘confident’ of R5bn rail expansion
Transnet said it would approve next month a plan to expand the coal line from the
Waterberg coal line to 6 million tonnes a year.