CFM to upgrade Sena line by early 2013
Mozambique's ports and railways company CFM expects to complete a refurbishment of the Sena rail line linking the Beira port with coal mines in the Tete province by early 2013.
BHP approves Caval Ridge development
BHP Billiton has approved development of the Caval Ridge Mine project and expansion of the Peak Downs Mine in the northern Bowen Basin in Central Queensland, Australia.
Num, Exxaro agree on wage deal
The National Union of Mineworkers says it has agreed a wage deal with Exxaro for workers that do not fall under wage deals struck earlier by the Chamber of Mines.
CoAL to raise another $40m in debt
Coal of Africa is close to finalising a new $40m debt facility, but will need to raise more funds to pay for its short and medium term growth plans.
Firestone negotiating Eskom supply deal
Firestone Energy said it would renegotiate the terms of a memorandum of understanding with Eskom in which supply and delivery period was expected to change.
Fury over Medupi delay
A 10-month delay in commissioning Medupi’s first generating unit will cause huge electricity and financial problems for the country's mining industry.
Sentula in new BEE talks
Sentula says it has started discussions on a proposed broad-based black economic empowerment transaction.
Kalahari sees CGNPC bidding for Extract
Kalahari Minerals, major shareholder in uranium developer Extract Resources, expects its Chinese suitor would eventually make a takeover offer for Extract.
Transnet puts pressure on the RBCT
Transnet CEO Brian Molefe is grinning from ear to ear as stocks build up at the Richards Bay Coal Terminal because TFR is railing coal to the terminal faster than it can be exported.
ResGen secures haulage deal with TFR
Resource Generation has some comfort it can haul coal from its proposed Boikarabelo mine, but the conditionality of the deal means it can't yet raise capital against it.