Petmin declares maiden dividend
A solid set of results despite difficult trading conditions has put Petmin in the position where it could declare a maiden dividend while investing R120m at its Somkhele anthracite mine.
The young Turks of SA’s emerging coal sector
ASKED to clarify the pronunciation of his name, Vuslat Bayoglu responded: "Call me Vusi", normally a short version of a common South African name....
Thungela down 30% this year as forecasts hefty earnings slide
THUNGELA Resources, the Johannesburg-listed coal miner, on Friday forecast a steep decline in earnings for the 12 months ended December 2021.
Share earnings would be...
CoAL’s Mooiplaats woes mount
Following hard on the forced closure of parts of its Vele mining complex in Limpopo, the Australian-owned mining company Coal of Africa is in trouble again with the environment department in Mpumalanga.
Covid-19 interruptions, poor coal pricing forces Wescoal into group-wide retrenchments
WESCOAL said today it would embark on a retrenchment programme involving staff throughout the organisation following lower off-take from Eskom amid Covid-19 lockdowns earlier this...
Magni Investment Holdings to reverse list assets into Sable Exploration &...
MAGNI Investment Holdings, formerly known as Lurco, is to take a majority stake in Johannesburg-listed Sable Exploration and Mining Limited (SEAM) ahead of a...
EU support for uranium is exactly what miners of the fuel...
URANIUM'S new lease on life, granted by the European Union on July 6, should give fresh legs to already strong prices for the yellow...
Profits from coal eclipsing metals as Glencore, Anglo benefit
PROFITS from coal mining are eclipsing income from other metals, said Bloomberg News which showed that some of the world's largest mining groups are...
Universal Coal to buy Exxaro’s North Block Complex for R172m
EXXARO Resources is to sell its North Block Complex (NBC), a open cast mine in South Africa's Mpumalanga province, to Universal Coal which will...
Anglo to sell Aussie metallurgical coal stake for A$1.6bn
ANGLO American finally has runs on the board in its far-reaching restructuring strategy announcing on Monday an agreement to sell its 33.3% stake in...