Energy

Thungela CEO says coal deliveries to Richards Bay “stabilised”

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THUNGELA Resources CEO July Ndlovu said the decline in coal deliveries to Richards Bay had been stopped as the rail network had been stabilised. "There...

SA coal involved in ‘economic war’ following latest spate of truck...

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MOST of the trucks attacked on South Africa's roads during the week were carrying coal to the nation's harbours, said Bloomberg News. Citing police minister...

Salungano Group share continues volatile form, gaining 40% on JSE

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SHARES in coal producer Salungano Group gained 40% by midday on the Johannesburg Stock Exchange continuing the company's unusual trading pattern lately. Shares in the...

Cash a burning question for SA coal miners Thungela and Exxaro

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IT'S sometimes said that the biggest challenge for executives is not how they cope in the hard times, but how well they allocate cash...

MC Mining to double coal mining at Makhado owing to rand/dollar...

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A NEW coal mine planned for the Limpopo province is to increase production 60% over its life following adjustments to its plan published on...

Coal exports to be higher in 2023 as industry collaboration gathers...

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TRANSNET said its freight division was "well on track" to exceed coal exports for its 2022/23 financial year of 48.7 million tons (Mt) in...

Exxaro books another six months of logistical constraint with coal sales...

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ANOTHER stuttering performance from state-owned entities Eskom and Transnet Freight Rail (TFR) in the first half of 2023 has capped the ability of Exxaro,...

SA energy minister Gwede Mantashe declines to sign $1bn green energy...

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SOUTH African mines and energy minister Gwede Mantashe declined to join a top level meeting between President Cyril Ramaphosa and European leaders for the...

SA hydrogen ambitions given boost after signing deal on $1bn fund

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SOUTH Africa's hydrogen energy plans received a boost on Tuesday after the country's government signed an agreement with the Netherlands and Denmark to raise...

Thungela says dividends “sacrosanct” despite coal price fall, wobbly TFR performance

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THUNGELA Resources said dividends were "sacrosanct" amid a deterioration in operating conditions including a decline in the performance of Transnet Freight Rail (TFR) and...