Sentula raises R740m senior debt facility
Sentula Mining has announced that it has received final credit approval for a facility in the amount of R740m from a consortium of financial institutions to refinance the group's existing senior debt facility and provide liquidity to the group.
Flood affected coal line to reopen
Australia's most flood-affected coal rail line may be reopened as early as next week, says operator QR National.
India weighs Riversdale bid
An Indian consortium of five state-run firms will meet next week to decide on a counter offer for Riversdale Mining.
Coal railings back to normal, says Transnet
Transnet Freight Rail says its coal line service is back to normal, adding that its catch-up in clearing the backlog of coal railings remains on track.
Heavy rains hit SA coal exports
Logistics group Transnet says heavy rains have disrupted its freight rail operations, affecting coal and maize exports.
Mozambique denies India more coal deals
Mozambique has denied emerging industrial giant India five more coal concessions, saying the Asian nation should first develop sites where deals have already been struck.
Floods push coal price to one-year high
Fresh flooding in top global exporter Australia has added a further $10 to coal prices, driving thermal coal to a year high.
Xstrata nears Colombian coal miner deal
Xstrata is close to winning the $8bn auction for Colombia's second-biggest coal miner, reports British newspaper The Sunday Times.
Eskom pushes for coal regulation
Eskom CEO Brian Dames has repeated the power utility's call for urgent coal export restrictions, suggesting a formula-based export quota for miners.
RBCT stockpiles ‘almost depleted’
South Africa has joined coal exporters facing shipment delays after three derailments on the line from mines to Richards Bay Coal Terminal brought stocks to very low levels, says industry sources.