Eskom vulnerable as truck driver strike rolls on
Return-to-service power stations owned by Eskom may be vulnerable to coal supply
disruptions on the back of the truck drivers’ strike, now in its second week.
CoAL signs Beijing Haohua in $100m partner deal
Coal of Africa continues major surgery on its balance sheet selling $100m worth of
shares to equity partner, China’s Beijing Haohua.
Sasol eyes coal export market
Sasol’s failure to press ahead with the R60bn Mafutha CTL project last year has given
it food for thought on what to do with the coal resources on which Mafutha was
premised.
“Perfect storm’ afflicts CoAL’s share price
Strike action, depressed thermal coal prices and corporate uncertainty were the
factors creating a perfect storm in Coal of Africa’s share price, an analyst said.
CoAL hit by 22% wage increase demand
Coal of Africa’s Mooiplaats colliery has been hit by a strike over wages, the company
says, sending the group’s share price to a new low.
Forbes Coal buys Rio Tinto’s ZAC
Forbes & Manhattan Coal is buying global diversified miner Rio Tinto’s majority stake
in Zululand Anthracite Colliery for an estimated R440m.
SA gives cautious “yes’ to shale gas
SA has given a conditional green light to the exploration of shale gas in the Karoo
and will assess every step towards full scale hydraulic fracturing for possible
"unacceptable outcomes'.
Coal industry “in flux’
The search for new coal markets has become a matter of urgency for producers
across the globe, says market analysts IntierraRMG.
Wescoal signs R700m Eskom supply pact
Wescoal, the junior coal miner, has signed a R700m, three-year coal supply
agreement with Eskom.
Jindal completes $116m swoop on CIC Energy
In a move that may provide fresh momentum to Botswana’s coal industry, Jindal
Africa has concluded the takeover of CIC Energy Corporation.