Energy

Eskom’s Dames moots national coal pact

Speaking in parliament, Eskom CEO Brian Dames appealed to the country's coal producers to enter into a coal pact with coal prices not exceeding 10% annually in return for lower electricity increase.

CoAL completes NiMag management buyout

Coal of Africa says the conditions for the management buyout of subsidiaries Nimag and Metalloy Resources for R54m have been met.

Ipsa scraps coal contract over IPP delays

Independent power plant developer Ipsa has scrapped a coal agreement due to delays in the implementation of independent power producer policies.

Resgen spent millions on exploration

Resgen, the Australian company with a secondary listing on the JSE, has spent A$2.4 million on exploration and evaluation this year to date.

Anglo declares force majeure in Australia

Anglo American has pronounced force majeure on its coal mines in Australia's Queensland state due to prolonged heavy rains.

Brown may nail colours to R4bn CoAL plan

Coal of Africa this week published plans for a R4bn coking coal project, a development that entice a long-term commitment from interim CEO, David Brown.

Keaton to pay dividend, warns of project delay

Keaton Energy generated tons of coal and cash in the half year lowering net debt and giving itself room for dividends, but its Moabsvelden project could be delayed.

Sentula raises R740m senior debt facility

Sentula Mining has announced that it has received final credit approval for a facility in the amount of R740m from a consortium of financial institutions to refinance the group's existing senior debt facility and provide liquidity to the group.

Tribunal drops charge against First Uranium

The Competition Tribunal has withdrawn a charge with the South African Police Service against Rory Cole, Financial Accountant of First Uranium.

Guptas say R4bn in ‘unusual’ Optimum deals unrelated to Oakbay

OAKBAY Investments transactions worth just over R4bn flagged as "unusual and suspicious" by South African finance minister, Pravin Gordhan, related to Optimum Coal Mine...