Zambian miners turn to once beleaguered utility, Eskom
MINERS in Zambia have turned to an unlikely source in order to offset electricity shortages caused by a drought: Eskom, the until recently beleagurered...
Fission shareholders approve Paladin Energy takeover offer
PALADIN Energy said on Tuesday shareholders of US firm Fission Uranium Corp. had approved its all share C$1.1bn takeover bid launched in June, albeit...
GoviEx extends footprint in Zambia
URANIUM exploration firm GoviEx said on Monday it had acquired a control option over the Lundazi exploration licence in Zambia.
The option was bought from...
Chinese firm buys control of MC Mining for R1.6bn
A CHINESE firm listed in Hong Kong has bought control of South African thermal and metallurgical coal development firm MC Mining.
The $90m (R1.6bn) deal...
Thungela teaches the Aussies how to improve their mine safety performance
IN a surprising development South African coal producer Thungela Resources is teaching the Australian mining industry a thing or two about mine safety judging...
Thungela shareholders hang in there for better results despite coal’s blackened...
Thungela Resources cut its interim dividend for the six months to end June by 80% yet the share price was up 2.5% on the...
Exxaro hopes to announce developments on M&A strategy by year-end
EXXARO hopes to make an announcement on developments in its merger and acquisition (M&A) strategy “before the end of the year” according to chief...
Glencore shelves coal demerger following talks with shareholders
GLENCORE said today it would retain its coal assets, which include the newly acquired metallurgical coal of Elk Valley Resources (EVR), rather than demerge...
Coal’s evergreen allure hard for investors to ignore
The pendulum has swung back to coal. Look no further than Glencore which is reconsidering retaining its coal production instead of demerging and separately...
Glencore to announce decision on coal split next week
GLENCORE will say next week whether it will proceed with plans to demerge and separately list its coal business.
Commenting in the group's second quarter...