Political undertone to coal terminal plans
One view as to why South Africa's Transnet needs to build another new coal export lies in the government's interest in controlling flows of the fuel.
Exxaro, GDF SUEZ to build 600MW plant
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.
Gigaba to have Medupi shortfalls probed
No heads will roll at Eskom following the R10bn overrun at Medupi, but the utility has failed to retain its CFO Paul O'Flaherty who left the organisation today.
New tariff to force Eskom strategy rethink
Brian Dames, CEO of Eskom, said the utility would have to fundamentally re-engineer itself in order to address the halving of its proposed five-year tariff hike.
Hitachi claims Medupi contract on schedule
Hitachi Power Africa said its portion of work on Medupi's first unit was 97% complete and it was likely to complete the boiler by December as first scheduled.
Eskom faces Medupi cost surge as project delayed
Eskom's Medupi power station was likely to be delayed six months following labour and contractual delays sending the project's capital cost up 15% to R105bn.
Wescoal domestic coal plan yields dividend
Wescoal Holdings signalled its confidence in its domestic coal supply strategy paying a maiden dividend and saying it was seeking more acquisitions.
Rand lends limited cover to coal stocks
The rand hasn't provided much of an uplift to coal stocks but there are South African companies that are lifting themselves up by their own shoe-strings.
Brown may nail colours to R4bn CoAL plan
Coal of Africa this week published plans for a R4bn coking coal project, a development that entice a long-term commitment from interim CEO, David Brown.
Wescoal to double up coal trading arm
Wescoal Holdings said it is to buy a domestic coal trading business for R79m that would double its current activities.