NUM confirms new coal industry wage deal with Chamber
THE National Union of Mineworkers (NUM) confirmed it had signed a new, three-year agreement with the Chamber of Mines except at Kangra Coal were a...
Coal strike in balance as NUM weighs new Chamber offer
SOUTH Africa's Chamber of Mines and the National Union of Mineworkers (NUM) are scheduled to reconvene to discuss the latest coal industry wage offer...
Wescoal starting to reap benefits of Keaton deal, pays dividend
WESCOAL Holdings paid an interim dividend of 3.1 South African cents per share and said it was positioned for additional merger and acquisition activity...
SA coal strike averted, for now, while NUM studies new offer
A COAL strike affecting as much as half of South Africa's production may be averted after mining companies submitted new proposals scheduled to be...
ARM, Glencore assessing options on new coal-related BEE deal
THIS month the High Court heard arguments from the Chamber of Mines and the Department of Mineral Resources (DMR) ahead of a declaratory order...
Coal suppliers braced for working capital hit as Eskom falters
THE liquidity crisis at Eskom would have "a serious knock-on effect" on working capital inflows across South Africa's coal sector, although the major suppliers...
CoAL to rebrand, cut shares as fresh chapter opens with Uitkomst
COAL of Africa (CoAL) will place the cherry on the cake in November with a name change to MC Mining which it hopes will...
SEC charges Rio with fraud for late coal write-down disclosure
RIO Tinto has been charged with fraud by the US Securities and Exchange Commission (SEC) regarding the late notice it provided shareholders in respect...
Minergy opts for UK listing as Johannesburg perceived ‘too risky’
MINERGY, a coal development firm operating in Botswana's Mmamabula coalfields, has decided not to list in Johannesburg, preferring instead a more expensive UK listing...
Anglo Coal’s Ndlovu optimistic about prospects, Seriti deal
WHEN July Ndlovu was appointed CEO of Anglo Coal South Africa, a division of the UK-listed group, the expectation was that his elevation to...