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...
Resgen secures extension of working capital facility keeping it afloat to...
RESOURCE Generation (Resgen) said it had secured funds that would provide it with sufficient working capital until end-February after shareholder Noble Resources agreed to...
Bushveld ticks project milestones in bid to install 10% of energy...
BUSHVELD Minerals, the London-listed vanadium producer, said it had met a number of project milestones ahead of installing 3.5MW worth of hybrid renewable power...
Bushveld adjusts $35m loan note structure, limits downside risk as PE...
BUSHVELD Minerals has raised $35m in convertible loan notes after private equity firm, Orion Mine Finance, subscribed for the entire amount.
The agreement represents a...
Rainbow Rare Earths signs development joint venture in SA’s Limpopo province
LONDON-listed Rainbow Rare Earths has signed a joint development agreement with Bosveld Phosphates, to develop the Phalaborwa Rare Earths Project in South Africa's Limpopo...
SA Govt. offers stark choice to community embroiled in Tendele Coal...
GWEDE Mantashe, South Africa’s mines minister, offered a stark choice to the KwaZulu-Natal community affected by the proposed expansion of Tendele Coal’s Somkhele mine,...
Eskom says green finance option in mix as ponders year-end debt...
SOUTH African power utility, Eskom, says it will announce a strategy to manage debt before the year-end which may include 'green finance' which would...
Tendele Coal legal row mired in mutual exclusivity between mining economics...
TENDELE Coal Company says its Somkhele anthracite mine in South Africa's KwaZulu-Natal province has operated for nearly 14 years without hiccough. Now, however, the...
Steady Q3 for Glencore as Katanga ramps up, but coal guidance...
GLENCORE cut coal production guidance for its 2020 financial year 5.7% to 109 million tons (Mt) amid a strike at its Colombian joint venture,...
Resgen’s R4.2bn Boikarabelo coal project on the rocks as IDC pulls...
THE Industrial Development Corporation (IDC), a state-owned finance development institution, has pulled its support for Resource Generation’s (Resgen’s) R4.2bn Boikarabelo thermal coal mine project...