The young Turks of SA’s emerging coal sector
ASKED to clarify the pronunciation of his name, Vuslat Bayoglu responded: "Call me Vusi", normally a short version of a common South African name....
Buffalo Coal skating on thin financial ice
Buffalo Coal (formerly Forbes & Manhattan Coal) sank even deeper into a financial quagmire in the six months to end-June and its continued survival...
Optimum’s stake in the RBCT changes hands again
Gupta-owned Oakbay Resources – which was delisted from the JSE last month – has sold operating subsidiary Tegeta Exploration & Resources (Tegeta) to Swiss-based...
National Treasury not applying Eskom BEE coal supply diktat
THE National Treasury's oversight of Eskom's coal procurement activities has had "a neutralising effect" on the process of signing coal sales agreements (CSAs), said...
CoAL to review scope of capital-heavy Makhado project
FUNDING and marketing risks were behind a review of Coal of Africa's (CoAL's) Makhado, a metallurgical and thermal coal project in South Africa's Limpopo...
Severe storm lowers South32 SA coal exports 22% in FY17
SOUTH32's South Africa coal production for its 2017 financial year, which closed June 30, fell 9% owing to adverse weather conditions and a delay...
Eskom to censure former CEO Koko as seeks clean slate
ACTING Eskom CEO, Johnny Dladla, said disciplinary action would be taken against his predecessor, Matshela Koko, in an effort to restore the standing of...
Vitol bails out of deal to buy RBCT stake from Gupta’s...
VITOL, the energy and commodities trading company, has walked away from a deal first proposed in 2016 to buy coal export entitlement through Richards...
Eskom coal supply uninterrupted despite Oakbay delisting
OAKBAY Resources & Energy (Oakbay Resources) was continuing to supply coal to Eskom power stations in line with contracts, said the utility's spokesman, Khulu...
Transnet suspends coal line services after violent protests
SOUTH African coal exports had been disrupted by violent protests in the country's KwaZulu-Natal province which had led to the suspension of services, said...