Kibo disappointed with share price but hopeful of registering 2019 recovery
KIBO Energy, the London- and Johannesburg-listed coal-to-power development company, said in a letter to shareholders earlier this week it was disappointed its share price...
Minergy to investigate Masama underground expansion as mine bears first coal
MINERGY, a Botswana coal development company, was finalising a coal sales agreement with a buyer for 120,000 tons - roughly 10% of production from...
Eskom slugs it out with National Treasury
The confrontation between Eskom and the National Treasury over coal contracts with Tegeta – a company controlled by the Gupta family – intensified today...
Eskom in “advanced talks” with seven coal companies to renegotiate over...
SOUTH African power utility, Eskom, was in “advanced talks” with seven coal suppliers regarding negotiation of supply contracts which were “inflated above market price”.
Andre...
New tariff to force Eskom strategy rethink
Brian Dames, CEO of Eskom, said the utility would have to fundamentally re-engineer itself in order to address the halving of its proposed five-year tariff hike.
Ramaphosa seizes wheel from Mantashe in well received power plan –...
PRESIDENT Cyril Ramaphosa’s plan to address South Africa’s energy crisis through sweeping reforms to encourage more private sector investment ticked all the right boxes...
Gwede Mantashe confusion throws spotlight on SA Govt’s tortured energy strategy
SOUTH Africa's Department of Mineral Resources & Energy (DMRE) rowed back on comments by minister Gwede Mantashe that it had restricted the threshold for...
Wescoal rings in executive changes as Nedbank Capital’s Demana takes CEO...
MID-cap coal mining firm, Wescoal Holdings, said it had appointed Nedbank Capital resources banker, Reginald Demana, as CEO of the company, effective from April....
Debt-laden Eskom issues plea for tariff hikes
Eskom is a company rapidly sliding beneath the cost of servicing some R252bn in debt - a situation that cries out for a revisit of the electricity tariff.
First Uranium reaches ‘key’ milestone
First Uranium Corporation says its Ezulwini mine shaft moiling and upgrade program has made significant progress and as a result, a key production restraint has been removed.