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Coal of Africa raises $50m loan

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Coal of Africa has secured a $50m loan from Deutsche Bank, which will allow the company to repay a $20m loan to JP Morgan and provide working capital for its operations.

Anglo’s SA coal mines tough to get away

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Anglo American has long stated it wants to sell its Eskom dedicated coal mines, but the transactions may be complex and not major money spinners.

Eskom power rationing may escalate as generators fail at multiple stations

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SOUTH Africa’s power utility, Eskom, rationed electricity for a second day Wednesday and warned outages may worsen due to breakdowns at key generation units,...

Glencore, Ramaphosa unveil Optimum bid

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A consortium consisting of Glencore and businessman Cyril Ramaphosa has unveiled terms of a R34/share bid for Optimum Coal, but a counter offer has already been made.

Keaton given nod for Leeuw Mining takeover

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Keaton Energy Holdings says the Minister of Mineral Resources has consented to a change in control of Leeuw Mining and Exploration.

Anglo weighing counter offer for Macarthur

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Anglo American is contemplating a bid for Australia's Macarthur Coal that will challenge US coal company Peabody Energy's earlier offer, according to a Bloomberg report.

Uranium One plays Mantra option

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Uranium One has announced record production of 10.7 million pounds and record sales of 9.9 million pounds for the full year 2011, and will acquire a 13.9% stake in Mantra.

Thungela down 30% this year as forecasts hefty earnings slide

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THUNGELA Resources, the Johannesburg-listed coal miner, on Friday forecast a steep decline in earnings for the 12 months ended December 2021. Share earnings would be...

Jindal completes $116m swoop on CIC Energy

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In a move that may provide fresh momentum to Botswana’s coal industry, Jindal Africa has concluded the takeover of CIC Energy Corporation.

Anglo: SA needs more private power

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Anglo American says SA's new 20-year energy plan needs to make provision for industries wanting to invest in their own power plants.