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.
CoAL in debt and equity deal with Investec
Investec is to pump $58.7m into Coal of Africa through a combination of debt and equity funding, with an undertaking to acquire some more shares over the next year.
We’ll be alone at Mapungubwe, says CoAL
Coal of Africa CEO John Wallington says he doubts whether any other new mining
development will be permitted close to the Mapungubwe National Park, the location
of Vele colliery.
Wescoal awarded mining right for Intibane
Coal junior Wescoal says it has been awarded a mining right for its Intibane colliery.
Industry seeks talks over Eskom tariff proposals
Large energy consumers will, in the coming months, be holding talks with
Eskom to negotiate smaller tariff hikes than the proposed 14.6% annual
increases over the next five years.
Spotlight may fall on Glencore’s SA dominance
A merger of Glencore and Xstrata would build dominance in South Africa’s coal
market that should surely attract the attention of the competition authorities.
Shanduka finalises Glencore coal deal
Shanduka Group has finalised the increase of its shareholding in Shanduka Coal
to 50.01% from 30% previouly, the company says.