CoAL completes NiMag management buyout
Coal of Africa says the conditions for the management buyout of subsidiaries Nimag and Metalloy Resources for R54m have been met.
Zimbabwe will pay for indigenisation
Zimbabwe would pay market prices for coal prospects developed by foreign
miners, which the government is entitled to control in terms of its
indigenisation laws.
Anglo American launches R4.2bn Zibulo colliery
Anglo American has officially launched its Zibulo Colliery in Mpumalanga, the first major project to be completed under its empowerment company Anglo American Inyosi Coal.
Keaton on the acquisition path
Keaton Energy says it is on the lookout for new assets, seeking acquisitions to
complement the company’s recent takeover of Leeuw Mining and Exploration.
Coal prices to keep head above water
India and China demand for coal would help keep prices above $100/t which Anglo
Coal Thermal CEO, Norman Mbazima, said was "not great" but still profitable for the
company.
Vitol speculated to take stake in CIC Energy
Dutch commodity trading group, Vitol, may take a 9.1% stake in Toronto-listed coal
exploration company, CIC Energy, according to a report by Reuters.
Ramaphosa appointed Optimum chair
Optimum Coal says it has appointed businessman Cyril Ramaphosa as chairperson and non-executive director of the company.
Glencore, Ramaphosa take control of Optimum
Glencore International says it and businessman Cyril Ramaphosa has gained a majority holding of Optimum Coal.
Firestone, Sekoko in new MoU with Eskom
Firestone Energy has taken a giant step towards survival after Sekoko
Resources, its partner in the Waterberg, signed an MoU with Eskom on a 30-
year supply agreement.
Sasol cooking with gas
With the world in the foothills of the gas era, Sasol is positioning itself in
quickfire fashion to be a major player in the dominant commodity of the future.