UPDATED: Shares in CoAL are on the up, after the miner said it had reached an agreement with provincial authorities over environmental concerns at its Mooiplaats colliery.
Keaton Energy has declared a 24% increase in the coal reserve of its Mpumalanga-based Vanggatfontein project.
Coal of Africa says the majority of South African mines will be forced to close shop if environmental legislation is to be applied consistently.
Coal of Africa's shares have slumped nearly 16% after it received an order from provincial authorities to address environmental concerns at its Mooiplaats colliery.
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.
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.
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 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.
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.
Imperial Crown Trading and state-owned African Exploration, Mining and Finance Corporation have acquired several prospecting licences along the banks of the Vaal River.