Petmin unveils R350m Somkhele BEE deal
Petmin will sell a fifth of its cash cow, Somkhele anthracite mine in KwaZulu-Natal to the local community and employees for R350m.
Optimum RBCT coal exports to fall
A combination of industrial action and the relocation of draglines would mean lower
exports from Optimum Coal for the remainder of its financial year.
Optimum Coal shares climb as Glencore circles
Optimum Coal is standing at the centre of bid interests in South African assets, having confirmed receipt of more than one takeover approach.
Bushveld pushes JSE listing to 2020 as waits on finalisation of...
BUSHVELD Minerals has pushed out its debut listing on the Johannesburg Stock Exchange (JSE) to 2020 having previously pencilled in 2019, owing to a...
Afrimat pulls plug on R2.15bn takeover of Universal Coal citing cost...
AFRIMAT, the Johannesburg-listed industrial minerals company, has pulled the plug on a proposed takeover bid for Universal Coal citing the expense of the exercise.
This...
Eskom ‘too big to fail’, Ramaphosa tells Indaba, setting stage for...
STATE-run utility Eskom, widely cited as the key risk to South Africa's mining industry and the wider economy, was "too big to fail", and...
Glencore Xstrata integral to SA coal fortunes
The listing of Glencore Xstrata in Johannesburg affords analysts an opportunity to see with more detail how closely tied up the firm's fortunes are with the economy.
Eskom to turn to private sector as risk of worst ever...
SOUTH Africa is at risk of unprecedented power cuts this week after units at two of its coal-fired power stations tripped, said Bloomberg News.
Citing...
SA power cuts to ease as Gordhan suggests long-term energy outlook...
POWER cuts would ease in South Africa over the weekend and the long-term outlook for the country's energy security was improving, said Bloomberg News...
Glencore’s SA coal slumps a third on Optimum closure
SWISS-headquartered trading and mining group, Glencore, produced 14% less coal in the six months ended June 30, equal to 9.9 million tonnes (mt), owing...