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First Uranium recovers some lost ground

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First Uranium shares have staged a partial recovery from their recent lows on both the JSE and TSX in response to better news in the June quarter production report.

SA Govt. issues summons to former Eskom CEO, Zwane & Guptas...

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FORMER South African mines minister, Mosebenzi Zwane, is one of a group of 12 against which Eskom and the Government's Special Investing Unit (SIU)...

Glencore bids $1.35bn for Chad oil, gas

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Glencore Xstrata has underlined its appetite for Africa risk after bidding a cash premium for an oil and gas exploration firm in Chad - the world's seventh poorest nation.

Eskom’s Mabuza warns of “more skeletons” as irregular spending rises to...

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ESKOM chairman, Jabu Mabuza, warned the utility may yet uncover significant additional instances of irregular spending as the newly appointed board gets to grips...

BHP in $12bn merger with shale gas group

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BHP Billiton has unveiled a $12.1bn takeover of US firm Petrohawk Energy that will give it access to the lucrative US shale gas market.

Optimum Coal in major refinancing

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Optimum Coal is busy restructuring its finances ahead of what looks like a major capital programme to build new mines to maintain and grow production.

Exxaro sells ECC mines to Overlooked Colliery as pushes on with...

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EXXARO Resources is to sell its ECC (Exxaro Coal Central) coal division, but it will retain the export allocation to Richards Bay Coal Terminal...

Cash a burning question for SA coal miners Thungela and Exxaro

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IT'S sometimes said that the biggest challenge for executives is not how they cope in the hard times, but how well they allocate cash...

Continental Coal to extend Ferreira’s lifespan

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Continental Coal has entered into agreements to extend the operating mine life at the Ferreira coal mine through the acquisition of an adjacent prospecting right.

Ray of hope for Eskom as PIC proposes debt-to-equity swap

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DEBT-stricken Eskom has received a ray of hope in the form of a debt-to-equity swap proposal. Daniel Matjila, former CEO of the PIC, evoked...