Friday, December 14, 2018

WESCOAL Holdings, the Johannesburg-listed coal producer, said it had joined a consortium led by private equity firm, Ata Resources, to buy Universal Coal. Universal Coal...

A MEMBER of a consortium bidding to take control of Optimum Coal Mine estimated it would cost between R1bn and R2bn to recapitalise the...

SOUTH32 kept production guidance unchanged across its properties following the first quarter of its 2019 financial year, including at its thermal coal assets in...

PROFITS from coal mining are eclipsing income from other metals, said Bloomberg News which showed that some of the world's largest mining groups are...

SYDNEY-listed Universal Coal has delivered an upbeat assessment of its short-term prospects saying it would lift pre-tax earnings 29% to A$93m for the 2019...

MC MINING saw its losses soar to $101.6m in the year to end-June (previous comparable period: $15.6m loss), but CEO David Brown reckoned the...

ESKOM blamed industrial action, failure to make key appointments, and the timing of a government energy policy for the delay in finalising its much-awaited...

Deeply corrupt, inefficient and over-staffed, Eskom is the canker at the heart of the South African economy. And with the best intentions in the...

Mike Teke credits Norman Mbazima, deputy chairman of Anglo American South Africa, for keeping the Seriti Resources deal on track. This was the R2.3bn...

THE condemnation of companies with significant exposure to fossil fuels is steadily growing with banks, institutional investors, and even the companies engaged in coal...