Exxaro open to more Tata ventures
Exxaro Resources will contemplate more partnerships with India’s Tata
Power, the company with which it has launched energy venture Cennergi, says
CEO Sipho Nkosi.
ContiCoal scores R140m for projects
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.
Beacon Hill lists in Australia
Beacon Hill Resources, a coal exploration and production firm, is seeking to broaden
its investor base after having depository receipts listed in Australia.
Firestone turns down R1bn Tata Power bid
Firestone Energy says its Waterberg project is worth at least R600m more than
Tata Power’s valuation.
CoAL completes NiMag management buyout
Coal of Africa says the conditions for the management buyout of subsidiaries Nimag and Metalloy Resources for R54m have been met.
Zimbabwe will pay for indigenisation
Zimbabwe would pay market prices for coal prospects developed by foreign
miners, which the government is entitled to control in terms of its
indigenisation laws.
Anglo American launches R4.2bn Zibulo colliery
Anglo American has officially launched its Zibulo Colliery in Mpumalanga, the first major project to be completed under its empowerment company Anglo American Inyosi Coal.
Keaton on the acquisition path
Keaton Energy says it is on the lookout for new assets, seeking acquisitions to
complement the company’s recent takeover of Leeuw Mining and Exploration.
Coal prices to keep head above water
India and China demand for coal would help keep prices above $100/t which Anglo
Coal Thermal CEO, Norman Mbazima, said was "not great" but still profitable for the
company.
Vitol speculated to take stake in CIC Energy
Dutch commodity trading group, Vitol, may take a 9.1% stake in Toronto-listed coal
exploration company, CIC Energy, according to a report by Reuters.