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Shumba Energy eyes electricity export deal with Eskom

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Five years ago, Mashale Phumaphi was an investment banker, braving the London freeze. On one occasion, he was asked to run the rule over...

Molefe says Eskom wants to chase down mines

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ESKOM plans to pursue the coal mines which benefited from state capital expenditure and the cost plus model, said Brian Molefe, CEO of the...

Exxaro to cut jobs amid restructure

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EXXARO Resources has confirmed union reports that it is planning job cuts. Exxaro said these form part of a group restructure to improve productivity and...

Tegeta seals R2.15bn Optimum deal

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THE controversial acquisition of Optimum Coal by a unit of the Gupta family’s Oakbay Investments has gone ahead. The R2.15bn deal was executed through Oakbay’s...

SA Govt suspends licence for CoAL Makhado venture

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COAL of Africa's (CoAL's) plans to start development of its Makhado coking and thermal coal project received a setback today when the South African...

Glencore labels AMCU claim 20 miners shot “entirely incorrect”

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GLENCORE rejected claims by the Association of Mineworkers & Construction Union (AMCU) that the mining group ordered security officials open fire on its members...

Oakbay declares financial fitness amid KPMG, Sasfin exit

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OAKBAY Resources and Energy, the company that houses the Gupta family's mining ambitions, said the business was intact despite the resignation of its auditing...

WCC parts with interim CEO as hurly-burly continues

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THE hurly-burly surrounding the fortunes of Waterberg Coal Company (WCC) are showing no signs of letting up after the company announced today its interim...

Petmin to press ahead with share buy-back programme

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BRADLEY Doig, commercial director of mid-tier coal producer and iron ore development firm, Petmin, says they’ll be no let up in the company’s share...

Rio’s ZAC output unaffected despite sabotage, violence

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OPERATIONS were continuing at Zululand Anthracite Colliery (ZAC), a company in which Rio Tinto has 74% stake, following an outbreak of violence over the...