Energy

Resgen secures R4.2bn in debt, equity finance for Boikarabelo with Government-led...

RESOURCE Generation (Resgen) has agreed binding term sheets with lenders that provides R4.2bn in debt and equity financing for its Boikarabelo thermal coal mine...

Eskom promises to provide R1.8bn to Exxaro’s Matla

EXXARO Resources said Eskom would provide R1.8bn to expand the Matla mine after the mining firm reduced the cost of the proposed expansion by...

Lontoh faces squabble over control of Lubimbi

Lontohcoal, the first company headquartered in SA to attempt a listing on the Hong Kong Stock Exchange, is facing a challenge for control over its key Zimbabwe coal resources.

Eskom makes provision for strike

Power utility Eskom says that it has contingency plans in place, should it face strike action, but unions say they are reluctant to take the striking option.

Coal of Africa raises $50m loan

Coal of Africa has secured a $50m loan from Deutsche Bank, which will allow the company to repay a $20m loan to JP Morgan and provide working capital for its operations.

Challenger shale gas interest ‘undiminished’

Challenger Energy said it was progressing its exploration application for shale gas in the Karoo notwithstanding the withdrawal earlier this week of Shell's interest.

Indian consortium mulls Riversdale bid

An Indian consortium of state-run companies is considering a bid for a stake in Riversdale Mining as the country steps up its search for African coal assets.

ANC at war with itself on energy policy

From a policy perspective, the ANC's approach on energy is a free market one, but in an increasingly covert political arena, socialist principles dominate.

Lurco-Burgh buy Exxaro’s Inyanda colliery

Lurco-Burgh, a joint venture between unlisted businesses, intends to beneficiate 25 million tonnes of coal in five years through the Inyanda Beneficiation Complex.

Wescoal commits to close BEE deal by December

COAL mining junior Wescoal has announced it will post a 50% increase in earnings for the financial year to end-December above the 15.7c a...