South Africa’s Minerals and Energy Department could get control of Eskom
SOUTH Africa's state-owned power utility, Eskom, could fall under the authority of the Department of Mineral Resources & Energy (DMRE) as part of a...
CoAL reports Chapudi, Makhado progress
The deadline to complete Coal of Africa’s $75m acquisition of Rio Tinto’s
Chapudi coal assets has been extended to end-May, allowing for Section 11
approval from the DMR.
Kibo takes another step as advances Tanzania’s Mbeya project
THE Tanzanian government would sign a memorandum of understanding (MoU) with Kibo Mining by January 31 which would pave the way for a power...
Eskom defends Tegeta link saying it saved R10bn in coal costs
SOUTH African power utility, Eskom, defended its relationship with the Gupta family owned Tegeta Exploration & Resources (Tegeta) saying it was commercial and had...
Fission shareholders approve Paladin Energy takeover offer
PALADIN Energy said on Tuesday shareholders of US firm Fission Uranium Corp. had approved its all share C$1.1bn takeover bid launched in June, albeit...
Eskom coal woes intensify as NUM calls Koornfontein strike
THE coal supply concerns of South African state-owned power utility, Eskom, intensified today after the National Union of Mineworkers (NUM) said its members would embark on...
Exxaro unlikely to exercise pre-emptive right over RBCT stake
EXXARO Resources was unlikely to exercise its pre-emptive rights in Richards Bay Coal Terminal (RBCT) as it had sufficient access to the export facility.
"I'm...
Canyon Coal, Menar to spend R3bn expanding SA coal output
IT'S a great pity Vuslat Bayoglu’s Canyon Coal, or its shareholder Menar Holdings, a Luxemburg company in which the Bayoglu family wealth is invested,...
Exxaro relinquishes prospecting rights to Waterberg coal, adjusts diversification strategy
EXXARO Resources adjusted its diversification strategy from coal saying it would focus on energy security instead of water and food security and relinquished prospecting...
Mantra eyes uranium mine inside Unesco site
Mantra Resources plans to build a $400m uranium mine inside a world heritage game reserve in Tanzania within the next three years, says a cabinet minister.