Home News Energy Page 142

Energy

Exxaro to cut down workforce

Exxaro Resources says up to 300 of its 10,500 workforce faced being retrenched in an effort to reduce costs and improve productivity at the diversified mining group.

RBCT sets new export record

Richards Bay Coal Terminal broke its monthly export record set in December 2005 at 7.24 million metric tonnes, by exporting 7.38 million metric tonnes in October, the group says.

More clarity needed on SA mining rules

Coal of Africa CEO John Wallington says greater clarity is needed over regulatory processes in South Africa if the country is to improve its image as a mining investment destination

Transnet commits to expand coal exports

Transnet has committed to increasing coal export capacity on the Richards Bay coal line to 81mt/year by 2014 provided it gets take or pay contracts with the coal exporters.

SA faces power crunch from next year

Power supply over the next five years is going to be tighter than previously expected with 2012 shaping up as the year when it will be most constrained, according to Eskom.

ICT, state miner in Vaal licence swoop

Imperial Crown Trading and state-owned African Exploration, Mining and Finance Corporation have acquired several prospecting licences along the banks of the Vaal River.

Ipsa scraps coal contract over IPP delays

Independent power plant developer Ipsa has scrapped a coal agreement due to delays in the implementation of independent power producer policies.

Govt yet to decide if CoAL can restart Vele

CoAL of Africa says no decision has yet been made by the South African government concerning the restarting of its flagship Vele Colliery in the Limpopo Province.

First Uranium shares mark time

First Uranium shares are stuck near their 12-month low following unexciting results for the September quarter during which the ramp up at the Ezulwini mine was delayed.

Supply crunch signals uranium boom

Gold is justifiably hogging investors' attention, but the uranium market is looking interesting, judging from presentations made by producers at recent conferences.