Universal Coal to buy Exxaro’s North Block Complex for R172m
EXXARO Resources is to sell its North Block Complex (NBC), a open cast mine in South Africa's Mpumalanga province, to Universal Coal which will...
Exxaro’s Mgojo preps market for aspirational, non-mining deal
EXXARO Resources CEO, Mxolisi Mgojo, took time during the firm's 2018 financial year outlook today preparing the market for a potential joint venture deal in...
Exxaro to line up against former CEO in race for Optimum...
EXXARO Resources, the Johannesburg-listed coal producer, is to add its name to suitors interested in buying the Gupta family's Tegeta Resources coal assets, currently...
Swanepoel, Nkosi to throw hat in ring for Tegeta coal assets
BERNARD Swanepoel and Sipho Nkosi are compiling a new black-owned company - the Phakamisa Consortium - which will throw its hat in the ring for the...
SA coal entrant Seriti interested in buying Gupta mine, Optimum
SERITI Resources, the black-owned consortium that today concluded the R2.3bn purchase of thermal coal mines from Anglo American, said it would be interested in...
Eskom confirms R20bn funding on day S&P downgrades utility
ESKOM had sufficient liquidity to continue resolving its governance crisis, and to implement its funding plans for the current 2018 financial year following completion...
Eskom should re-assess procurement to secure coal: Kerr
THE proposed sale by South32 of its South African Energy Coal (SAEC) division means the loss of a second large balance sheet by South...
Eskom coal woes intensify as NUM calls Koornfontein strike
THE coal supply concerns of South African state-owned power utility, Eskom, intensified today after the National Union of Mineworkers (NUM) said its members would embark on...
Juniors asked to consider royalty, streaming project finance deals
JUNIOR coal mining firms were urged to get creative in securing project finance amid concerns at this year's South African Coal Export conference in...
Eskom will favour coal juniors with wheels for new supply
AGEING and inadequate transport infrastructure, coupled with a reticence by energy utility Eskom to dirty its hands with logistics, could offer opportunities for junior...