Profits from coal eclipsing metals as Glencore, Anglo benefit
PROFITS from coal mining are eclipsing income from other metals, said Bloomberg News which showed that some of the world's largest mining groups are...
Universal Coal issues bullish earnings, growth forecast amid takeover bid
SYDNEY-listed Universal Coal has delivered an upbeat assessment of its short-term prospects saying it would lift pre-tax earnings 29% to A$93m for the 2019...
MC Mining studying alternative plan for Makhado if snared in long-term...
MC MINING saw its losses soar to $101.6m in the year to end-June (previous comparable period: $15.6m loss), but CEO David Brown reckoned the...
Eskom blames strikes, IRP for 45-day delay of strategy blueprint
ESKOM blamed industrial action, failure to make key appointments, and the timing of a government energy policy for the delay in finalising its much-awaited...
Seeing the light? How Eskom can pull itself back from the...
Deeply corrupt, inefficient and over-staffed, Eskom is the canker at the heart of the South African economy. And with the best intentions in the...
Mike Teke plans to take Seriti Resources public within 24 months
Mike Teke credits Norman Mbazima, deputy chairman of Anglo American South Africa, for keeping the Seriti Resources deal on track. This was the R2.3bn...
Glencore unperturbed by hostility to coal as price rises 21% in...
THE condemnation of companies with significant exposure to fossil fuels is steadily growing with banks, institutional investors, and even the companies engaged in coal...
Canyon Coal, Menar to spend R3bn expanding SA coal output
IT'S a great pity Vuslat Bayoglu’s Canyon Coal, or its shareholder Menar Holdings, a Luxemburg company in which the Bayoglu family wealth is invested,...
MC Mining’s Makhado project at centre of Limpopo land bust-up
The farms belonging to Akkerland Boerdery - the Limpopo game farm at the centre of the confrontation over “land expropriation without compensation” - are...
South32 gets ready to sell out of its SA coal operations
HAVING established its South African thermal coal mines as a separately operating organisation, South32 is now starting a process to bring in BEE shareholders...