Energy

Lower sales, prices hurt Uranium One’s earnings

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

Namibia plan ‘taken out of context’

Uranium explorer Extract Resources says it will seek clarity from the Namibia government on reports it plans to assign almost all mineral rights to a state-owned company.

Uranium One plays Mantra option

Uranium One has announced record production of 10.7 million pounds and record sales of 9.9 million pounds for the full year 2011, and will acquire a 13.9% stake in Mantra.

Universal Coal pitches for Eskom business

Universal Coal is in discussions with Eskom to supply the Kusile power station from its planned Kangala mine, despite the fact Anglo American holds that contract.

IRP2 sinks major power project

An Australian firm has abandoned plans to develop a 1,000MW coal-fired power station for SA, saying the draft Integrated Resource Plan will make the project unsustainable.

Exxaro to build R3.8bn Belfast coal mine

Exxaro Resources said it would develop one of the last quality coal resources of South Africa's famed Mpumalanga province with most of the output to be exported.

Exxaro Belfast project produces first export coal six months ahead of...

EXXARO Resources said it had started production at its R3.3bn Belfast thermal coal mine in South Africa's Mpumalanga province six months earlier than planned. Production...

Resgen secures offtake from coal mine

Resource Generation took an important step forward in developing its Boikarabelo coal mine in the Waterberg after signing an offtake agreement.

South Africa needs coal until 2040 at least, argues Menar Capital’s...

SOUTH Africa will need to generate energy from coal until at least 2040, said Fin24, an online publication which was citing the views of Vuslat...

Glencore lodges $2.55bn bid for Rio Tinto’s Coal & Allied

FRESH from a proposal to merger with US grains company, Bunge, Glencore has provided further evidence of its growth appetite by bidding $2.55bn for...