Monday, August 20, 2018

Uranium One has posted a narrower quarterly loss, assisted by an increase in production.

Coal of Africa says the conditions for the management buyout of subsidiaries Nimag and Metalloy Resources for R54m have been met.

Anthracite coal miner Petmin says financial services group Rand Merchant Bank holds 5.20% of the company's share capital.

The A$40.7m convertible note finance deal introduces a new major shareholder into Firestone Energy, and finances its Waterberg Coal Project to completion of a bankable feasibility study.

The consequences of the Fukushima disaster have now substantially been factored into the uranium market, according to Chris Sattler, CEO of Uranium One.

JSE-listed uranium miners have taken a beating following two explosions at Japan’s Fukushima reactor, which have raised fears over future nuclear energy demand.

China Guangdong Nuclear Power Corp has valued its proposed offer for Australia's Extract Resources at $2.22bn, after agreeing to buy Kalahari Minerals, the top shareholder in Extract.

Mozambique's ports and railways company CFM expects to complete a refurbishment of the Sena rail line linking the Beira port with coal mines in the Tete province by early 2013.

Exxaro Resources is to build a 600MW power station in joint venture with France’s GDF SUEZ and will supply the venture with 3.8mtpa of coal from Thabametsi.

BHP Billiton will know on Friday whether the confidential rates it pays for electricity supply from Eskom for two of its aluminium smelters are to become public knowledge.