Eskom may divert Medupi coal to Hendrina
Brian Molefe, CEO of Eskom, floated the idea of accepting coal from Exxaro's Grootegeluk mine destined for Medupi and diverting it to Hendrina power station.
ETF liquidations soar since Lonmin rights offer
Up to 14% and 18% of total platinum and palladium-backed exchange traded funds were liquidated since Lonmin unveiled a $408m rights offer on November 9.
Eskom’s Majuba silo collapse a ‘design fault’
The collapse of a coal silo at Majuba power station was judged to be a design fault with no negligence imputed to the either the engineers or constructors.
PIC underwrites 25% of Lonmin rights offer
State-owned pension fund, the Public Investment Corporation, is to under-write a further 25% of Lonmin should the rights offer receive the green light this week.
“We could have done it better”: Lonmin’s Magara
Costly decisions on mechanisation, new projects and failing to cut production quickly enough were mistakes his and other platinum companies had committed.
The Yin and Yang of third worst El Nino
Third worst ever El Nino weather system to hit South Africa's shores will affect the country's miners who shouldn't expect a water licence to guarantee of supply.
CoAL sweating on Govt granting water licence
Coal of Africa is still waiting on the South African government to grant it water use licences for its contested Makhado and Vele coal ventures.
PIC chided for risky business in Lonmin offer
Neal Froneman, CEO of Sibanye Gold, asked why the PIC was investing pension funds in Lonmin which was "a risky" investment.
Sibanye has interest in Anglo coal assets
Sibanye Gold said the coal assets of Anglo American fit the bill in terms of extending its footprint in South Africa's energy industry.
Lonmin write down an omen of stricken sector
Lonmin's announcement that it would write-down up to R2.05bn in assets would be the first of many in the stricken platinum sector, analysts said.