Exxaro relinquishes prospecting rights to Waterberg coal, adjusts diversification strategy
EXXARO Resources adjusted its diversification strategy from coal saying it would focus on energy security instead of water and food security and relinquished prospecting...
Former AEMFC boss found guilty of committing Govt firm to Optimum...
SIZWE Madondo, the former CEO of South Africa's state-owned African Exploration & Mining Finance Corporation (AEMFC) has been banned from occupying senior positions at...
SA miners back on power rations as Koeberg fault forces Eskom...
THE South African mining sector fell under familiar pressure today after power utility Eskom increased power rationing to about 4,000MW. This was following the...
Sasol share price in meltdown as Saudi Arabia embarks on oil...
SASOL'S problems intensified today after its share price sank to its lowest level in more than seven years following plummeting oil prices, down 30%...
Sasol’s Grobler expects LCCP to generate cash in H2 despite uncertain...
A DOWNGRADE in the credit rating of Sasol would not materially increase its cost of capital, said Fleetwood Grober, CEO of the South African...
SA’s Standard Bank to reduce coal mine financing following policy publication
SOUTH African lender Standard Bank Group expected to reduce its financing of thermal coal projects "over time" in line with national agendas on emissions.
Commenting...
Eskom, Kumba Iron Ore to loom large in Exxaro year-end numbers...
EXXARO Resources is set to report lower year-end profits from its managed operations owing to a significant decline in the export price of coal...
Sasol has no plans to sell coal assets saying they form...
SOUTH African petrochemicals group, Sasol, is to keep its coal mining business, said Reuters citing its CEO, Fleetwood Grobler.
"There was some speculation about the...
April a month to watch for SA coal as Anglo’s Cutifani...
APRIL looks like it will become an important month for Anglo American as it marks out the northern hemisphere spring for publication of its...
Anglo’s Cutifani confirms plan to dispose of coal assets in less...
ANGLO American CEO, Mark Cutifani, gave the strongest indication yet of the group's approach to its thermal coal assets saying it would own them...