Gupta’s Oakbay sells Optimum Coal export rights for R3.6bn
GUPTA family-controlled Oakbay Investments has sold Optimum Colliery’s coal export allocation through the Richards Bay Coal Terminal (RBCT) to huge private international coal trading...
Keaton to pay dividend, warns of project delay
Keaton Energy generated tons of coal and cash in the half year lowering net debt and giving itself room for dividends, but its Moabsvelden project could be delayed.
Eskom cancels agreements totalling R11bn in crime crackdown
ESKOM cancelled coal supply agreements and construction contracts totalling R11bn as South African authorities sought to crack down on crime, said Bloomberg News citing...
Influx of freight-carrying trucks swamp Richards Bay port following coal derailment
SOUTH Africa's Transnet said it had taken steps to ease an influx of trucks carrying goods for export via Richards Bay port following the derailment...
Exxaro JV commissions Tiwest expansion project
Diversified mining group Exxaro has announced that the Tiwest Joint Venture partners - itself and Tronox Incorporated - have successfully commissioned the Tiwest Kwinana titanium dioxide (TiO2) pigment plant expansion project.
CoAL takes delivery of Vele plant
Coal of Africa’s first producing coking coal colliery in South Africa, the Vele mine in Limpopo, has taken delivery of the plant from the project engineering consultants.
National Treasury not applying Eskom BEE coal supply diktat
THE National Treasury's oversight of Eskom's coal procurement activities has had "a neutralising effect" on the process of signing coal sales agreements (CSAs), said...
Glencore resolves to cut up to 700 at Optimum
Glencore said between 600 to 700 workers would be retrenched at Optimum Coal
Mines although Eskom's Hendrina power station would still be supplied.
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...
DEA, Eskom say Kriel crisis preventable
Eskom and South Africa's environmental affairs department say shutting Kriel power station, which would remove up to 3,000MW of generating capacity, can be averted.