Power drain: How Eskom is sliding towards bankruptcy
The rosy picture that Eskom’s executives painted recently of the power utility’s financial position could create the impression that reports of hardship were exaggerations,...
SA Govt approves 1,845MW independent power supply but disappoints in power...
THE South African government announced the winning bidders that will supply 1,845MW of new electricity to the national grid from August 2022, and said...
Lower sales, prices hurt Uranium One’s earnings
Uranium One’s quarterly earnings have fallen 2% as it sold less uranium at
lower prices.
MC Mining shareholders seek removal of key directors as clock ticks...
DELAYS finalising critical funding required ahead of the construction of the Makhado coking coal project have snapped the patience of shareholders in MC Mining,...
Load-shedding will stymie new mining investments if Eskom allows it to...
THE latest round of load-shedding imposed by Eskom, the government-owned power utility, would stymie new investment in the country's mining sector just as demand...
Eskom’s Tstotsi fears New Largo may be late
Eskom chairman Zola Tsotsi said there was a risk Anglo American's New Largo coal mine might not be ready in time to supply the 4,800MW Kusile power station.
TFR lifts RBCT deliveries, but still falls short
Transnet Freight Rail delivered 500,000 tonnes more coal to the Richards Bay Coal Terminal in July but fails to meet the 7.7 million tonnes forecast by the transport and logistics utility.
SA’s Standard Bank to reduce coal mine financing following policy publication
SOUTH African lender Standard Bank Group expected to reduce its financing of thermal coal projects "over time" in line with national agendas on emissions.
Commenting...
MC Mining institutes “no work, no pay” for non-essential staff as...
MC Mining has implemented a 'no work, no pay' rule for non-essential staff following the suspension of mining at its Uitkomst coal mine in...
Eskom to hold briefing on wage negotiations
Power utility Eskom will hold a briefing on wage negotiations with the National Union of Mineworkers and the National Union of Metalworkers of SA as the unions confirmed strike notices.