“New information” led to Tsengwa suspension, says Exxaro chair
NEW information had emerged regarding Exxaro Resources CEO Nombasa Tsengwa's conduct warranting her suspension despite the board previously exonerating her, the firm's chair Geoffrey...
Paladin reopens Langer Heinrich after maintenance shutdown
PALADIN Energy, the Australian-listed uranium development firm, said it had restarted its Namibia mine Langer Heinrich (LHM) following a planned shutdown.
"During the shutdown, routine...
Exxaro suspends CEO amid work practice, governance probe
NOMBASA Tsengwa, CEO of Exxaro Resources has been temporarily suspended while the firm's board runs an investigation into her work conduct and governance practices.
"The...
Green shoots for Transnet as coal export deliveries race higher
THERE were more green shoots for Transnet Freight Rail (TFR), South Africa's state-owned ports and rail company following its strongest coal export performance in...
Exxaro to retain up to R15bn in net cash for dealmaking
EXXARO Resources expected to retain up to R15bn in net cash to fund diversification plans which it said previously were focused on manganese in...
Exxaro exonerates CEO but orders forensic review – report
NOMBASA Tsengwa, CEO of Exxaro Resources has been exonerated of wrongdoing by a board investigation amid a string of executive resignations.
Business Times on Sunday...
Anglo completes Aussie coal sales with $3.8bn Peabody deal
ANGLO American is to sell the remainder of its 15 to 17 million tons a year Australian metallurgical coal mine production in a $3.8bn...
Zambia considering $900m coal-fired power plant
ZAMBIA is considering building a $900m coal-fired power plant as the country battles unprecedented electricity shortages, said Bloomberg News.
The worst regional dry spell in...
Exxaro said to be suffering exodus of senior leaders
EXXARO Resources had suffered an exodus of senior employees owing to the management style of the coal miner's CEO of two years Nombasa Tsengwa,...
Dispute flares over illegal mining at Optimum Coal
LIBERTY Coal said on Friday it had launched a R600m damages claim in the High Court against Kego Mining which it alleges illegally mined...