Energy

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.

Tough times at the face

New entrants to South Africa's coal sector had a bucket of cold water thrown over them at the recent Coaltrans South Africa conference.

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...

Weather prompts another force majeure

Xstrata has declared force majeure at its Ulan thermal coal mine in Australia's New South Wales state due to heavy rains, the company says.

Anglo sells Eskom mines to Seriti Resources for R2.3bn

ANGLO American has agreed to sell its Eskom-dedicated thermal coal mines to Seriti Resources Holdings, a company led by Mike Teke which said the...

Eskom needs more support from South African coal miners – Bayoglu

CANYON Coal executive chairman, Vuslat Bayoglu made the case for improved relations between South Africa’s coal producers and Eskom, the debt-laden power utility. Previously a...

Wescoal plans Q4 Elandspruit start-up

Integrated coal producer and trader, Wescoal Holdings, said it would buy plant for R45m in order to commission its Elandspruit colliery by the fourth quarter of this year.

ResGen “due for a run’

Targeting coal mining in the Waterberg, exploration group Resource Generation has cleared major hurdles that may bring about a run in its share price, according to RBC Capital Markets.

First Uranium posts quarterly sales increase

First Uranium says that its second-quarter gold sales rose 17.7% from the prior quarter and it is maintaining its full year outlook despite problems at both its projects.

Namibia blasts Glencore over fuel deal

A contract between Glencore and Namibia’s petroleum parastatal Namcor has masked the Swiss company’s aim to take over the country’s oil industry, reports The Namibian.