Home News Energy Page 143


Exxaro Hillendale mine grinds to halt

Amid demands for a 14% wage increase, Exxaro Resources has been forced to stop operations its Hillendale mineral sands facility. Contingency plans are in place, however.

SA coal exports to India double

South Africa shipped 2.1 million tonnes of thermal coal to India in July, almost double June's 1.2 million tonnes, exporters say.

Tribunal drops charge against First Uranium

The Competition Tribunal has withdrawn a charge with the South African Police Service against Rory Cole, Financial Accountant of First Uranium.

CoAL’s Vele to start output this year

Production at the Vele coal mine owned by Coal of Africa, was expected to start this year after discussions regarding the mine's environmental impact had progressed well.

BHP starts aggressive bid for Potash Corp

-- Anglo-Australian mining giant BHP Billiton launched a a hostile takeover bid on Wednesday for Canada's Potash Corp which values the world's...

Optimum coal earnings expected to jump

Optimum Coal says it expects its full year earnings per share and headline earnings per share to be more than 20% lower than for the previous financial year.

Watchdog charges First Uranium

The Competition Tribunal says it has laid a charge against First Uranium Corporation accountant Rory Cole following his failure to respond to a summons.

Transnet mulls further coal expansions

Transnet, the South African transport utility, said it was considering expanding coal line capacity to beyond 81 million tonnes/year, an amount that is already requiring R16bn in expansion capital.

High stockpiles may slow China’s coal shipments

Some Chinese buyers are seeking to defer the delivery of prompt thermal coal shipments by at least a month, citing high stockpiles at the country's ports, sources from three affected trading firms say.

Firestone Energy increases Waterberg resource

Firestone Energy, the Australian resources company that plans to develop coal projects in SA, has announced a significant upgrade of the shallow coal resources within the Waterberg Coal Region.