Vale opens Mozambican coal mine
Vale has opened a new $1.7bn coal mine in Mozambique, tapping the southern African country's thermal and coking coal reserves of around 23 billion tonnes.
“New information” led to Tsengwa suspension, says Exxaro chair
NEW information had emerged regarding Exxaro Resources CEO Nombasa Tsengwa's conduct warranting her suspension despite the board previously exonerating her, the firm's chair Geoffrey...
Eskom, Anglo negotiate ‘cost plus’ Kusile deal
A return a cost plus structure is one of the ways Eskom is hoping to help finance
Anglo American's R12bn New Largo coal mine, deemed crucial in supplying the
4,800MW Kusile power station.
Universal spurns takeover offer from IchorCoal
ASX-listed coal junior Universal has advised shareholders to reject the takeover offer from IchorCoal saying it would benefit IchorCoal at Universal's expense
RBCT lowers horizon on future coal exports
Richards Bay Coal Terminal said it would be unlikely to export more than 85 million tonnes of coal in the foreseeable future.
South 32 wants more certainty in SA before it invests
South 32 CEO Graham Kerr wants to see "regulatory and commercial certainty" in South Africa before the group decides on further investments in coal.
CoAL awaits Exxaro’s buy-in in Makhado
Coal of Africa hopes to secure Exxaro Resources’ buy-in in the development of
the Makhado project - over which the diversified miner holds a 30% option -
within months.
Molefe keen on scrapping cost plus coal mines
One of the changes Eskom acting CEO, Brian Molefe, would implement is to scrap the cost plus coal mine in favour of putting coal supply to Eskom out to tender.
IMF calls on Mozambique to settle policy
The International Monetary Fund has called on Mozambique to bring certainty to its coal and gas legislative framework in order to consolidate long-term prospects.
Coal permits still likely to be granted, says environment minister, Creecy
THE transition to a low carbon economy might take longer than environmentalists might like, said Business Maverick citing South African environment minister, Barbara Creecy...