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.
Eskom contracts independent power producers
ESKOM has contracted five independent power producers to commission privately generated electricity to boost its energy supply.
Rossing South sixth largest on upgrade
Extract Resources has announced a resource upgrade that moves its Rossing South property among the top six global uranium deposits by contained metal.
Uranium One lifts output target
Uranium One upgrades its annual production guidance to seven million pounds amid a year-on-year improvement in June quarter financial results.
Work stops on CoAL’s Vele mine
Development work on Coal of Africa's Vele coking coal mine in Limpopo Province has been stopped while the company negotiates with the Department of Environmental Affairs
Exxaro earnings seen up to 73% higher
Diversified resources group Exxaro says it expects headline earnings per share for the six months to end June 2010 to be between 650c and 700c, representing an increase of between 60% and 73% when compared to the corresponding period in 2009.