Glencore shelves coal demerger following talks with shareholders
GLENCORE said today it would retain its coal assets, which include the newly acquired metallurgical coal of Elk Valley Resources (EVR), rather than demerge...
Coal’s evergreen allure hard for investors to ignore
The pendulum has swung back to coal. Look no further than Glencore which is reconsidering retaining its coal production instead of demerging and separately...
Glencore to announce decision on coal split next week
GLENCORE will say next week whether it will proceed with plans to demerge and separately list its coal business.
Commenting in the group's second quarter...
SA coal exports on target for 50Mt after promising July
COAL exports through the Richards Bay Coal Terminal (RBCT) should hit 50 million tons (Mt) this year compared with last year’s 47.2Mt – but...
Goviex may seek damages claim against Niger junta
GOVIEX may seek damages as it looks to legal measures following the cancellation of a mining permit for Madaouela, an uranium deposit in Niger.
The...
Ramokgopa to speed shift from coal to renewables
SOUTH Africa's new energy minister promised to accelerate the shift to renewable energy from coal, breaking with predecessor Gwede Mantashe who opposed swift decarbonision...
Thungela targets 50% increase from Ensham coal mine
THUNGELA Resources is hoping to increase production from a mine it bought in Australia last year by as much as a quarter. If it...
Glencore’s EVR bid to close by July 11 after Canada...
GLENCORE said on Friday its $6.93bn bid for Elk Valley Resources (EVR), a subsidiary of Canada's Teck Resources would close on July 11 after...
GoviEx shares plummet after Niger cancels $343m project permit
SHARES in GoviEx fell 29% by the close of trade on Thursday after the firm announced Niger had withdrawn the mining permit to the...
Grosvenor suspension could delay sale of Anglo’s met coal mines
ANGLO American's plans to sell its metallurgical coal mines in Australia could be delayed by the suspension of mining at Grosvenor, one of the...