NUM confirms new coal industry wage deal with Chamber
THE National Union of Mineworkers (NUM) confirmed it had signed a new, three-year agreement with the Chamber of Mines except at Kangra Coal were a...
Wescoal’s Boje quits amid Ramaite conflict
Andre Boje has quit as CEO of Wescoal Holdings after 18 years in a decision that would appear to be linked to a conflict with his chairman, Robinson Ramaite.
Optimum directors bag R221m in share sale
Xmas came early for directors at Optimum Coal Holdings who made a killing selling shares, presumably to Glencore International.
CoAL launches R1.29bn bid for Universal
Coal of Africa has bid cash and shares for the 4.5 million tonne/year coal producer, Universal Coal, trumping an earlier offer by IchorCoal.
Resgen acrimony as A$2.3m director fees quizzed
Resource Generation is to study its legal options in respect of A$2.3m in termination benefits paid to two former executive directors including Paul Jury.
Thungela says dividends “sacrosanct” despite coal price fall, wobbly TFR performance
THUNGELA Resources said dividends were "sacrosanct" amid a deterioration in operating conditions including a decline in the performance of Transnet Freight Rail (TFR) and...
Vale to quit Mozambique coal and port assets as it chases...
VALE, the Brazilian mining firm, is to divest of its Mozambique coal and port projects as it pursues plans to become carbon neutral by...
PPA critical in giving momentum to Lemur’s Madagascar mine
A POWER purchase agreement with the Madagascar government indicated there was political will to help develop the Imaloto coal to power project, said Anthony...
RBCT stockpiles ‘almost depleted’
South Africa has joined coal exporters facing shipment delays after three derailments on the line from mines to Richards Bay Coal Terminal brought stocks to very low levels, says industry sources.
Eskom paying for sins of the past, says outgoing CEO De...
POLICY missteps and delays were the root cause of South Africa's power crisis, said BusinessLive citing comments in Parliament on Tuesday by André de...