Energy

Resgen to hold EGM despite COVID-19 bans as delay would derail...

RESOURCE Generation (Resgen) could not allow logistical challenges brought on by the COVID-19 virus stand in the way of its extraordinary general meeting (EGM)...

Coal mining, PGM processing permitted to continue during 21-day lockdown: Mantashe

SOUTH Africa's coal mines and processing facilities operated by platinum group metal (PGM) producers would continue to operate, albeit at reduced levels, during the...

SA miners count the cost of COVID-19 lockdown as projects, production,...

SOUTH African mining firms began to count the cost of the three week shut down ordered by President Cyril Ramaphosa last night - effective...

Seriti Resources coal deal with Eskom’s Kusile still 18 months away

SERITI Resources was in discussions with Eskom to supply it with two million tons of coal from its New Largo project in Mpumalanga province...

Sasol confident it can chase down and beat $2bn asset sales...

SASOL said it was confident if could get “close to fair value” for the US chemicals assets it has identified for sale despite acknowledging...

Sasol prepares $2bn rights issue as rolls out plan to ‘reset’...

SASOL set down plans to "reshape its balance sheet" targeting $6bn by the end of its 2021 financial year including a potential $2bn rights...

Sasol shareholders may not welcome rights issue as firm seeks to...

TAPPING shareholders for funds via a rights issue might be "a tough ask" for Sasol's shareholders, said Bloomberg News citing an analyst. Commenting on the...

MC Mining expects to fully fund R518m Makhado coal project by...

MC Mining had "significantly advanced options" for raising the bulk of some $20m required for its $32m Makhado coking and thermal coal project, the...

Exxaro says there’s value yet in holding the rights to export...

EXXARO Resources insisted there was significant future value in holding coal export entitlement through Richards Bay Coal Terminal (RBCT), the 91 million tons a year...

Sasol confirms rights issue discussions as another day of brutal trade...

SASOL, the South African petrochemical group, acknowledged it was considering a rights issue in order to ease pressure on its balance sheet. Commenting today following...