Eskom mulls equity in foreign power
Eskom was sitting down to consider buying equity positions in foreign-owned power transmission in an effort to plug a potential power deficit in South Africa.
Vale says rail sharing negotiable
Vale, the Brazilian iron ore producer intent on growing its coal business, says use of a potential 22Mtpa rail line linking Mozambique's coal resources with the port at Nakala, could be shared. Maybe.
Mozambique won’t hike royalties, taxes
Mozambique mines minister, Esperanca Bias, pledged the country would not follow the example of Zambia and Ghana by hiking taxes or royalties in the coal-rich country.
Tough times at the coal face for Sentula
Sentula's share price remains depressed as the mining contractor battles tough operating conditions in South Africa's coal sector.
BHP OKs $822m for new Autralian iron ore mine
BHP Billiton has approved $822m in capital spending to dig a new iron ore mine in Australia, capable of yielding 17 million tonnes of ore a year starting in mid-2012.
Gillard pushes to end India uranium sales ban
Australian Prime Minister Julia Gillard is pushing to overturn a ban on sales of uranium to India, potentially opening up a new and growing market for suppliers.
BHP sees shale gas capex over $4bn in 2012
BHP Billiton plans to spend over $4bn on developing shale gas in 2012, following two shale gas acquisitions this year, says the head of the group's petroleum business.
SA economy needs coal policy: Manuel
Trevor Manuel, chairman of the National Planning Commission, has urged development of a coal policy to help speed SA's economy, and said the mineral would remain central to the country's growth.
Glencore to buy Mercuria stake
Glencore, the Swiss trading house, has entered into an agreement to buy Mercuria Energy Asset Management's 5% stake in Optimum Coal Holdings.
Optimum secures R2.2bn in credit
Optimum Coal Holdings said it had secured a R2.2bn revolving credit facility for "potential acquisitions" with Rand Merchant Bank.