Thursday, September 20, 2018

Extract Resources has won a licence to develop its Husab uranium mine in Namibia, which could help push up the price a suitor may offer for the $2bn company.

Petmin’s Somkhele anthracite mine in KwaZulu-Natal is back in production after the group’s mining contractor agreed to a restructuring of wage packages.

Transnet Freight Rail and the country’s coal producers have to find a way to exploit the full export potential of the Richards Bay Coal Terminal, says Optimum Coal CEO Mike Teke.

President of the Chamber of Mines, Mark Cutifani carried the standard for the industry saying Eskom's tariff application would results in more mine restructuring.

Wescoal Holdings said it is to buy a domestic coal trading business for R79m that would double its current activities.

Australian-listed Continental Coal said payment of R140m by its new empowerment partner had begun, capital that would be used to advance the company's projects.

Optimum Coal Holdings said it had secured a R2.2bn revolving credit facility for "potential acquisitions" with Rand Merchant Bank.

Beacon Hill Resources, a coal exploration and production firm, is seeking to broaden its investor base after having depository receipts listed in Australia.

Coal of Africa has set the record straight on its proposed 22.5km railway spur between the group's Makhado coking coal project and an existing railway line.

ASX-listed Extract Resources, which owns the Husab uranium deposit in Namibia, has received a formal bidder’s statement from China’s CGNPC-URC for a A$8.65/share deal.