Lower sales, prices hurt Uranium One’s earnings
Uranium One’s quarterly earnings have fallen 2% as it sold less uranium at
lower prices.
ContiCoal targets Q4 output from Penumbra
Continental Coal said production from its third mine, Penumbra, would begin in the
fourth quarter of 2012.
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.
CoAL takes broom to board, raises $44.8m
Former Impala Platinum CEO, David Brown, promises to weigh all strategic options as he takes up the chairmanship of embattled coal firm, Coal of Africa.
Keaton to raise funds as it eyes growth
Keaton Energy is aiming to raise around R80m in the near future,
notwithstanding poor market conditions for coal producers, as it remains
convinced about its growth strategy.
Eskom mulls new Exxaro coal supply deal
UPDATED - Exxaro said it had started delivering coal to Eskom’s Medupi power
station, even though the power utility was still to agree to a new ramp-up
schedule.
ResGen “due for a run’
Targeting coal mining in the Waterberg, exploration group Resource Generation
has cleared major hurdles that may bring about a run in its share price,
according to RBC Capital Markets.
CoAL shares waiting on three key triggers
Shares in Coal of Africa are nearly 50% weaker since the beginning of the year,
but management remains adamant the share will recover. Here’s three
reasons why.
Firestone concludes A$40.7m finance deal
The A$40.7m convertible note finance deal introduces a new major shareholder
into Firestone Energy, and finances its Waterberg Coal Project to completion of
a bankable feasibility study.
Anglo to buy $555m stake in Mozambique coal
Anglo American is to join rivals Rio Tinto and Vale in Mozambique’s coking coal
industry in a deal valued at $555m for the 1.4Bt Revuboe project.