Energy

Forbes Coal’s Theron booted in $19m ouster

CEO, Stephan Theron, is to step down from the company as shareholder Resource Capital Fund re-capitalises the company in an effective takeover.

Wescoal confirms financial turnaround

Wescoal serves notice that last year's poor financial performance is a thing of the past.

MC Mining unveils share issue to pay for R468m first phase...

MC Mining unveiled details of R468m first phase metallurgical and thermal coal mining development – Makhado – in South Africa’s Limpopo province which will...

Optimum may extend Hendrina coal supply

Optimum Coal has offered to continue supplying Eskom's Hendrina coal mine beyond November whilst the Mpumalanga colliery undergoes business rescue.

Coal ends sales with R250m Mooiplaats deal

Coal of Africa completed its portfolio adjustments selling the Mpumalanga thermal coal colliery Mooiplaats for R250m to private group, Blackspear.

Coal industry “in flux’

The search for new coal markets has become a matter of urgency for producers across the globe, says market analysts IntierraRMG.

Lower sales, prices hurt Uranium One’s earnings

Uranium One’s quarterly earnings have fallen 2% as it sold less uranium at lower prices.

Govt had no choice in Molefe’s Eskom return, says Lynne Brown

PUBLIC Enterprises minister, Lynne Brown, said the South African government had no choice but to support Eskom's decision to re-employ Brian Molefe as CEO...

Eskom asks for 10% drop in power use

Power utility Eskom says it needs people to cut their power usage by 10% to keep the country's electricity supply running.

Mike Teke plans to take Seriti Resources public within 24 months

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...