Energy

South32, Seriti kept waiting on critical deal whilst Eskom mulls ins...

SOUTH32 appears completely justified in giving the proposed sale of its South African thermal coal business a long-dated completion. The Sydney- and Johannesburg-listed mining group...

Eskom hoping to delay closure of three oldest coal-fired power plants

ESKOM plans to delay the closure of three of its oldest coal-fired power plants in order to maintain generation capacity, said Bloomberg News. Citing documents...

Norway’s $1Tr oil fund announces its exit from Anglo, Glencore owing...

NORWAY'S $1Tr oil fund is to sell its shares in Anglo American and Glencore owing to the companies' exposure to thermal coal - a...

Anglo identifies demerger as possible route for separation from SA thermal...

ANGLO American planned to exit its South African coal business in three years by spinning off the assets, said Bloomberg News citing written comments...

Explosion at Anglo American’s Grosvenor metallurgical coal mine injures five people

AN explosion at a coal mine run by Anglo American in Australia’s Queensland state has injured five people and halted production, said Reuters citing...

Resgen signs R700m rail link terms with Harith in major boost...

RESOURCE Generation (Resgen) today announced details of a proposed R700m debt and equity funding agreement to build a 44km rail link from its proposed...

MC Mining may raise “potential new debt” as Uitkomst restarts coal...

MC Mining expected to have its Uitkomst colliery in KwaZulu-Natal province operating at 50% of capacity in seven to 10 days of its restart...

Exxaro donates R20m to Solidarity Fund, injects cash to Mpumalanga, Limpopo

EXXARO Resources donated R20m to the Solidarity Fund and a further R3.45m through its Chairman's Fund and the Exxaro Foundation which will be used...

MC Mining lifts March Q Uitkomst coal production 12%, hopes to...

MC MINING produced 12% more coal from its Uitkomst colliery in KwaZulu-Natal province in the March quarter, the company said in an update today. Production...

Wescoal confirms Eskom force majeure, says impact not yet “quantifiable”

WESCOAL Holdings confirmed on Tuesday that Eskom, South Africa's state-owned power utility, had issued it with a force majeure on coal supply agreements. The force...