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...
Glencore may seek partner for $973m swoop on Chevron SA assets
GLENCORE has made light of the regulatory and political crisis in South Africa's resources sector by offering nearly $1bn (R13.7bn) for control of US...
Seriti Resources lines up R20bn New Largo project
SERITI Resources, the consortium that is concluding the purchase of Eskom-dedicated coal mines from Anglo American, is set to add to its asset base...
New Motsepe-Swanepoel axis buys CoAL’s Mooiplaats for R180m
COAL of Africa (CoAL) closed the book on its long-standing legacy issues following the sale of Mooiplaats, the Mpumalanga province colliery the firm placed...
CoAL opts for ‘Makhado lite’ after project rescope slashes capex 70%
COAL of Africa (CoAL), the Johannesburg-listed coal development and operating firm, has drastically reduced the scope of its Makhado thermal and coking coal project,...