Wescoal clobbered by write-offs
Wescoal lost R43.7m in the year to March as it took a string of write-offs and impairment charges in its accounts.
Shanduka finds a new suitor
Shanduka Resources' dumping of Sentula has coincided with an announcement by ASX-listed Continental Coal over a "landmark" empowerment transaction.
Sentula, Shanduka merger goes sour
The R2.1bn deal to merge Sentula Mining and the coal assets of Cyril Ramaphosa's group Shanduka has apparently hit the skids.
Transnet: Swazi link is Waterberg saviour
Transnet's plans to service the strategic Waterberg coalfields hinge on whether it will succeed in moving general freight off the coal line, via a Swaziland loop.
Salaries of Eskom execs doubled
Eskom has paid executives 109% more than in the previous year, with its CEO now earning R5.7m a year and its human resources head getting a 507% pay hike.
Eskom ups profits on tariffs
Power utility Eskom has reported a net profit of R8.4bn for the year, helped again by higher electricity tariffs.
Lontoh faces squabble over control of Lubimbi
Lontohcoal, the first company headquartered in SA to attempt a listing on the Hong Kong Stock Exchange, is facing a challenge for control over its key Zimbabwe coal resources.
Transnet to favour junior coal exporters
Transet appears set to allocate greater railage volumes to junior empowerment coal exporters at the expense of the established Richards Bay Coal Terminal members.
Keaton earnings grow on offtake coal sales
Keaton Energy has posted diluted headline earnings of 10.3 cents per share - up from the previous period's 5.6 cents - for the year ending on March 31.
Resource plan a ‘grim’ story for coal sector
Coal reserves in the Waterberg, Soutpansberg and Limpopo coal fields will remain largely undeveloped if the state implements the Integrated Resource Plan, says a mining expert.