MC Mining takes $87.5m Vele hit, but collects first Uitkomst revenue
MC Mining, formerly known as Coal of Africa, collected its first full revenues from the recently acquired Uitkomst colliery but a sea-change in the...
Glencore weighing legal options as suitors vie for Optimum
GLENCORE may add its name to the companies hoping to take the former Gupta family thermal coal business, Optimum Coal Mine, out of business...
Capital pressure will most likely send Seriti to a JSE listing
MIKE Teke, the former Chamber of Mines president, was elusive earlier this month when asked if the firm he now heads, the Seriti Consortium,...
Exxaro shares under pressure as analysts fear loss of focus
SHARES in Exxaro Resources took some punishment in the first few hours of trade on the Johannesburg Stock Exchange after the company said it...
Universal Coal to buy Exxaro’s North Block Complex for R172m
EXXARO Resources is to sell its North Block Complex (NBC), a open cast mine in South Africa's Mpumalanga province, to Universal Coal which will...
Exxaro’s Mgojo preps market for aspirational, non-mining deal
EXXARO Resources CEO, Mxolisi Mgojo, took time during the firm's 2018 financial year outlook today preparing the market for a potential joint venture deal in...
Exxaro to line up against former CEO in race for Optimum...
EXXARO Resources, the Johannesburg-listed coal producer, is to add its name to suitors interested in buying the Gupta family's Tegeta Resources coal assets, currently...
Swanepoel, Nkosi to throw hat in ring for Tegeta coal assets
BERNARD Swanepoel and Sipho Nkosi are compiling a new black-owned company - the Phakamisa Consortium - which will throw its hat in the ring for the...
SA coal entrant Seriti interested in buying Gupta mine, Optimum
SERITI Resources, the black-owned consortium that today concluded the R2.3bn purchase of thermal coal mines from Anglo American, said it would be interested in...
Eskom confirms R20bn funding on day S&P downgrades utility
ESKOM had sufficient liquidity to continue resolving its governance crisis, and to implement its funding plans for the current 2018 financial year following completion...