Firestone puts out deal vote to July
A shareholder vote on the recapitalisation of Firestone Energy's balance sheet, and a
deal that will see its joint venture partner, Sekoko Resources, sell a stake in the
listed business has been rescheduled to July owing to transaction complexities.
Transnet unveils concept for own coal terminal
Transnet has floated the remarkable idea that it may develop and manage its own
export-dedicated coal terminal in an effort to boost the fortunes of small-
scale, black-owned coal miners.
Tata Power moots SA ‘stranded coal’ plan
Eskom has warned against exportation of coals it could use for South Africa's power
generation, but an Indian company says its involvement in the industry should be
seen as an opportunity.
SA govt approves CoAL Chapudi deal
Coal of Africa's bid for Rio Tinto's Chapudi coking coal exploration assets was finally
approved after it won the blessing of the South African government.
Fukushima no longer a factor – Uranium One
The consequences of the Fukushima disaster have now substantially been factored into the uranium market, according to Chris Sattler, CEO of Uranium One.
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.
Sekoko’s Waterberg JV scoops $400m finance deal
The Waterberg coal JV between Sekoko Resources and Firestone Energy is back on track with the introduction of a new shareholder and $400m financing commitment.
ResGen granted water licence
Resource Generation says it has been granted a water use licence for its proposed Boikarabelo coal mine in the Waterberg-area.
Firestone to lift veil on restructuring
Firestone Energy has requested a suspension in the trading of its ASX and JSE-listed
shares, expecting to announce a major restructuring by Wednesday.
Continental Coal to extend Ferreira’s lifespan
Continental Coal has entered into agreements to extend the operating mine life at the Ferreira coal mine through the acquisition of an adjacent prospecting right.