Energy

Coal supply bids for Eskom’s Arnot fail to hit the spot

ESKOM will continue with the temporary arrangement that sees seven different coal companies supply its Arnot power station after a Request for Proposals (RFP)...

Resgen inks R2.1bn contract for Boikarabelo coal venture

RESOURCE Generation (Resgen), the Johannesburg- and Sydney-listed coal development firm, edged closer to securing more than $400m in capital funding for its six million...

Petmin may go private following R894m private equity bid

PETMIN looks set to delist from the Johannesburg Stock Exchange following a takeover offer from a private equity firm which values the mid-tier coal...

Shumba Energy eyes electricity export deal with Eskom

Five years ago, Mashale Phumaphi was an investment banker, braving the London freeze. On one occasion, he was asked to run the rule over...

Resgen scores coup for Limpopo with R5.5bn Boikarabelo funding

RESOURCE Generation (Resgen), the Johannesburg- and Sydney-listed coal development company, said it had secured R5.52bn (A$515m) in finance to complete construction of the 12...

Koko defends Eskom amid dispute with eight coal miners

WHEN Coal of Africa (CoAL) unveiled plans to takeover Universal Coal, an Australian-listed company operating in Mpumalanga province, it said this might be the...

Seriti Resources lines up R20bn New Largo project

SERITI Resources, the consortium that is concluding the purchase of Eskom-dedicated coal mines from Anglo American, is set to add to its asset base...

Petmin to press ahead with share buy-back programme

BRADLEY Doig, commercial director of mid-tier coal producer and iron ore development firm, Petmin, says they’ll be no let up in the company’s share...

Tegeta seals R2.15bn Optimum deal

THE controversial acquisition of Optimum Coal by a unit of the Gupta family’s Oakbay Investments has gone ahead. The R2.15bn deal was executed through Oakbay’s...

Molefe, Brown consign ‘coal supply cliff’ to history

THE price of coal had dropped to such an extent last year that South African coal producers preferred to sell it locally than export...