Monday, September 3, 2018

Diversified resources group Exxaro says it expects headline earnings per share for the six months to end June 2010 to be between 650c and 700c, representing an increase of between 60% and 73% when compared to the corresponding period in 2009.

Richards Bay Coal Terminal has managed to increase coal exports in July despite the nine-day strike at the world's largest coal terminal.

The World Bank's Inspection Panel has confirmed that it is investigating the awarding of the bank's $3.75bn loan to South African power utility Eskom.

Trade union Solidarity says that it has reached a "favourable" wage agreement with coal producer Exxaro Coal.

Mining group Deep Yellow has announced an upgrade and expansion of the mineral resource estimate at its INCA uranium deposit in Namibia.

First Uranium shares have staged a partial recovery from their recent lows on both the JSE and TSX in response to better news in the June quarter production report.

Coal of Africa says that development of the Vele Project has progressed according to schedule and first sales of coking coal are expected during the next quarter.

Resgen, the Australian company with a secondary listing on the JSE, has spent A$2.4 million on exploration and evaluation this year to date.

Some striking workers at the Richards Bay Coal Terminal have resumed work after accepting a 9.5% wage rise offer by RBCT, a company official says.

Keaton Energy says its 74%-held subsidiary Keaton Mining has concluded negotiations with Eskom to supply 16.5 million tonnes of steam coal from Phase 2 of its new Vanggatfontein Project near Delmas.