Energy

CoAL abandons bid for Universal amid Eskom contract delay

COAL of Africa's (CoAL's) R1.38bn (A$126.4m) bid for Australian-listed Universal Coal has been called off because a sales contract with Eskom had not been...

Eskom took Tegeta shares as security for R586m prepayment

ESKOM accepted shares in Tegeta Exploration & Resources (Tegeta) as security for R586m it prepaid the Gupta family company for coal from Optimum colliery. Brian...

Coal miners say Eskom contract changes unworkable

SOUTH African coal mining executives said proposals by Eskom aimed at ensuring the quality of coal it consumes would make it more difficult to...

Eskom discloses R38bn capital bill for cost plus coal

ESKOM, the South African power utility, said it would plough R38bn into so-called 'tied mines' including some R1.8bn for a new shaft at Matla,...

Coal revenue to give impetus to Oakbay’s debt raising hopes

OAKBAY Resources & Energy CFO, Trevor Scott, put a different light on his parent company’s financial difficulties saying the listed mining firm’s balance sheet...

South32 says Eskom committed to Khutala coal expansion

SOUTH African power utility, Eskom, remained committed to the brownfields development of Khutala, the South32 colliery that supplies Kendal power station, said Mike Fraser,...

Anglo sells Eskom mines to Seriti Resources for R2.3bn

ANGLO American has agreed to sell its Eskom-dedicated thermal coal mines to Seriti Resources Holdings, a company led by Mike Teke which said the...

Grindrod makes Richards Bay coal breakthrough

Freight services and shipping group Grindrod has made a critical breakthrough for its fledgling RBT (Navitrade) coal export terminal at Richards Bay by negotiating...

South32 begins process to spin-off South African coal business

SOUTH32 has unveiled plans today to reduce its exposure to South Africa by announcing a proposal to separately manage its coal operations in the...

WCC parts with interim CEO as hurly-burly continues

THE hurly-burly surrounding the fortunes of Waterberg Coal Company (WCC) are showing no signs of letting up after the company announced today its interim...