Energy

Swiss multinational ABB facing South African ban after agreeing to repay...

THE Special Investigating Unit (SIU) has recommended that ABB South Africa be blacklisted from further government work, after ABB agreed to repay Eskom R1.56bn...

Brenda Berlin springs surprise by stepping down as acting CEO of...

BRENDA Berlin has resigned as acting CEO of MC Mining, the London- and Johannesburg-listed coal development firm. Berlin gave no reason for her departure, which...

Wescoal’s Demana sticking to expansion plans despite looming liquidity crunch

WESCOAL CEO, Reginald Demana, is holding on to to his strategic expansion ambitions despite the group’s cash-strapped position which has forced it to restructure...

SA coal export price spike to fizzle out as rivals displace...

THE unexpected surge in international thermal coal prices to levels as high as $80/t which took place during November on exports from Richards Bay...

Coal exports to bounce back after Covid-19 enforced hiatus, says Exxaro...

THE market for globally-traded thermal coal recovered during 2020 from the impact of the Covid-19 pandemic, and Exxaro Resources benefited from this although total South...

Glencore completes year-long acquisition of LNG business of Orsted A/G

GLENCORE said today it had completed the acquisition of the liquefied natural gas (LNG) business of Orsted A/S, roughly a year after first announcing...

MC Mining says IDC support for R575m Makhado coal project safe...

SOUTH Africa's Industrial Development Corporation (IDC) remained supportive of the Makhado metallurgical and thermal coal mining project after it acknowledged an application to extend...

Important strides made in reaching zero carbon truck fleets by 2040,...

THE mining industry has made important strides this year in efforts to introduce a zero carbon truck fleet by 2040, said Reuters citing the...

Covid-19 interruptions, poor coal pricing forces Wescoal into group-wide retrenchments

WESCOAL said today it would embark on a retrenchment programme involving staff throughout the organisation following lower off-take from Eskom amid Covid-19 lockdowns earlier this...

Resgen secures extension of working capital facility keeping it afloat to...

RESOURCE Generation (Resgen) said it had secured funds that would provide it with sufficient working capital until end-February after shareholder Noble Resources agreed to...