Eskom extends restructure to executive class after failing to make cost...
ESKOM'S cost-cutting drive will be extended to its executive class after the South African state-owned utility said today an operational efficiency drive had not...
MC Mining secures 400Kt/year in Chinese offtake deal for Makhado
MC Mining's ambitions of building a R1.23bn coal mine, Makhado, in South Africa's Limpopo province received a boost today after it had secured an...
Wescoal joins Ata consortium in takeover bid for Universal Coal
WESCOAL Holdings, the Johannesburg-listed coal producer, said it had joined a consortium led by private equity firm, Ata Resources, to buy Universal Coal.
Universal Coal...
Optimum Coal Mine needs R1bn to R2bn in order to be...
A MEMBER of a consortium bidding to take control of Optimum Coal Mine estimated it would cost between R1bn and R2bn to recapitalise the...
South32 keeps SA thermal coal production guidance steady at 29Mt
SOUTH32 kept production guidance unchanged across its properties following the first quarter of its 2019 financial year, including at its thermal coal assets in...
Profits from coal eclipsing metals as Glencore, Anglo benefit
PROFITS from coal mining are eclipsing income from other metals, said Bloomberg News which showed that some of the world's largest mining groups are...
Universal Coal issues bullish earnings, growth forecast amid takeover bid
SYDNEY-listed Universal Coal has delivered an upbeat assessment of its short-term prospects saying it would lift pre-tax earnings 29% to A$93m for the 2019...
MC Mining studying alternative plan for Makhado if snared in long-term...
MC MINING saw its losses soar to $101.6m in the year to end-June (previous comparable period: $15.6m loss), but CEO David Brown reckoned the...
Eskom blames strikes, IRP for 45-day delay of strategy blueprint
ESKOM blamed industrial action, failure to make key appointments, and the timing of a government energy policy for the delay in finalising its much-awaited...
Seeing the light? How Eskom can pull itself back from the...
Deeply corrupt, inefficient and over-staffed, Eskom is the canker at the heart of the South African economy. And with the best intentions in the...