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Glencore buys into Optimum Coal

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Optimum Coal says that a unit of Glencore International, the world's largest commodity trader, has bought a 14.1% stake in it.

Illegal miner dies at Grootvlei

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A man has died while he was mining illegally in Springs, east of Johannesburg, says Gauteng police.

Optimum Coal confirms bid interest

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Optimum Coal Holdings has confirmed it had received expressions of interest from unnamed third parties.

Optimum Coal shares climb as Glencore circles

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Optimum Coal is standing at the centre of bid interests in South African assets, having confirmed receipt of more than one takeover approach.

Eskom’s ‘overcooked’ tariffs slated

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A body representing the largest consumers of electricity says Eskom's inflated tariffs will negatively affect the economy.

Strikes helping Eskom

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Strikes in the metals and mining sectors and brief snaps of winter have taken significant pressure off Eskom during the coldest months of the year, says CEO Brian Dames.

Optimum Coal in major refinancing

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Optimum Coal is busy restructuring its finances ahead of what looks like a major capital programme to build new mines to maintain and grow production.

Optimum Coal expects earnings boost

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Optimum Coal says its full year earnings will improve by between 71% and 78%.

BHP’s tender offer to acquire Petrohawk completed

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BHP Billiton has advised that all conditions to acquire the outstanding shares of Petrohawk Energy Corporation for $38.75 per share have been satisfied.

Paladin secures uranium sales agreement

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Uranium miner Paladin Energy has signed a series of term uranium sales agreements for output from the Langer Heinrich Stage 3 expansion in the Namib Desert.