South Africa’s Transnet reports derailment on coal export line
FRESH coal export delays from South Africa are likely to result from a train derailment which operator Transnet announced had occurred today.
The government-owned company...
UK court orders Glencore to pay R5.7bn for African oil trading...
A BRITISH subsidiary of mining and trading group Glencore was ordered to pay a total penalty of £276.4m ($310.6m) in a London court on...
Glencore says coal reduction plan “overwhelmingly supported” following Climate Resolution talks
GLENCORE said its strategy of gradually depleting its coal resources was "overwhelmingly supported" by the majority of its shareholders.
This followed discussions with shareholders after the...
Transnet declares itself “resolute” in meeting 60Mt coal target for its...
TRANSNET Freight Rail (TFR) said it "remained resolute" in its commiment to rail 60 million tons (Mt) of coal in its current financial year...
Anglo signs MoU with ThyssenKrupp on supplying premium, high quality iron...
ANGLO American said it had signed a memorandum of understanding with steelmaker ThyssenKrupp for the development of a high-quality iron ore suitable for its...
Minergy may revive rights issue as coal price breathes new life...
THERMAL coal producer Minergy is hoping to resuscitate a rights offer launched last year following an improvement in coal prices.
Morné du Plessis, CEO of...
AngloGold rolls out $1.1bn emission reduction plan aimed at carbon neutrality...
ANGLOGOLD Ashanti today rolled out plans for a $1.1bn emissions reduction initiative in which the miner intends to be carbon neutral by 2050.
"We have...
High Court orders Arnot OpCo be put into business rescue
SALUNGANO Group, formerly known as Wescoal Holdings, successfully bid to put its 50% owned Arnot OpCo into business rescue, said online publication News24.
It cited Salungano...
Transnet’s future rail expansions will be for emerging miners only –...
TRANSNET CEO Portia Derby made it clear at Joburg Indaba on Thursday that Transnet’s strategic priority is going to be to allocate any new...
Thungela warns strike could heap further misery on poor year for...
MAJOR coal exporter Thungela Resources does not expect a significant impact on its exports from the rail and port strike announced by the United...