Eskom’s Dames moots national coal pact
Speaking in parliament, Eskom CEO Brian Dames appealed to the country's coal producers to enter into a coal pact with coal prices not exceeding 10% annually in return for lower electricity increase.
Mozambique coal boom caught UN off guard
The emergence of Mozambique's Tete province as the epicentre of coking coal exploration had left the local economy short, said the UN which acknowledged it had been caught off guard.
Mozambique says tax review under discussion
Mozambique's deputy mines minister confirms capital gains tax changes are on the agenda but says adaptations to the fiscal regime is only a discussion at present.
Anglo says Revuboe too small for own rail, port
Anglo American says it will look to share existing infrastructure for its 10 million tonne/year Minas de Revuboe project in Mozambique once it has consummated the $555m transaction.
Sentula tightens belt in contracting business
The deterioration in the South African mining business created hazards and opportunities for Sentula's contracting business while its exploration unit had been downscaled.
Strike costs Wescoal R10m in Eskom deliveries
A truckers’ strike knocked revenues and profits of Wescoal in the first six months of
its financial year, but the junior still managed solid results.
CoAL ends Mooiplaats strike, but market bites
Coal of Africa said a six-week strike at its Mooiplaats colliery in Mpumalanga
province was over, but the lower production and poor markets will make to a tough
first half of its financial year.
Unions push for coal sector wage talks
Employees in the coal sector may soon stand to benefit from wage increases based
on job grade adjustments, similar to those afforded to striking workers in the gold
sector.
Questions, fears over Eskom’s 16% increases
Eskom’s proposed 16% power tariff increases will shrink South Africa’s industrial
base and cull jobs, warns the Energy Intensive User Group.
AEMFC readies for second mine as losses mount
South Africa’s state-owned miner, African Exploration Mining and Finance
Corporation, says it has met all its operational targets of 2012.