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Transnet targets 77mt coal exports in 2016

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South Africa's rail and logistics company Transnet said it hoped to increase coal exports again in 2016 notwithstanding the slump in international coal markets.

SA makes second run at Botswana coal

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An unnamed South African firm would pay Aviva Resources $20m if it could develop a power project at Botswana's Mmamantswe coal deposit.

IMF calls on Mozambique to settle policy

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The International Monetary Fund has called on Mozambique to bring certainty to its coal and gas legislative framework in order to consolidate long-term prospects.

Good time to shop for SA coal

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Nonkululeko Nyembezi-Heita, CEO of IchorCoal, believes now is the time to buy South African coal assets while prices for the fuel languish.

Glencore resolves to cut up to 700 at Optimum

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Glencore said between 600 to 700 workers would be retrenched at Optimum Coal Mines although Eskom's Hendrina power station would still be supplied.

Eskom hike failure a wrong turn, say economists

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The popular vote applauded Nersa's decision to turn down Eskom's tariff hike application, but economists wonder if it wasn't a wrong turn.

‘Sordid circle’ delivers R56.5m blow to Keaton

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Keaton Energy said collusion between employees at a mine in KwaZulu-Natal cost the firm R25m in coal sales and resulted in a R56.5m impairment.

Molefe keen on scrapping cost plus coal mines

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One of the changes Eskom acting CEO, Brian Molefe, would implement is to scrap the cost plus coal mine in favour of putting coal supply to Eskom out to tender.

Molefe on course to make Eskom move permanent

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Brian Molefe acknowledged the final decision regarding his full-time appointment at Eskom lay with the president, and public enterprises minister, Lynne Brown.

Petmin unveils R350m Somkhele BEE deal

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Petmin will sell a fifth of its cash cow, Somkhele anthracite mine in KwaZulu-Natal to the local community and employees for R350m.