Optimum Coal issues Richards Bay plea
Transnet Freight Rail and the country’s coal producers have to find a way to exploit the full export potential of the Richards Bay Coal Terminal, says Optimum Coal CEO Mike Teke.
Vale opens Mozambican coal mine
Vale has opened a new $1.7bn coal mine in Mozambique, tapping the southern African country's thermal and coking coal reserves of around 23 billion tonnes.
Optimum buys rights to bulk-up Koornfontein
Optimum Coal says it has bought two prospecting rights in close proximity to its Koornfontein operations, envisaged to extend Koornfontein’s lifespan by 12 years.
Rio seeks to delist Riversdale
Rio Tinto proposes to delist Riversdale Mining after gaining control of more than 73% of the firm.
Namibia plan ‘taken out of context’
Uranium explorer Extract Resources says it will seek clarity from the Namibia government on reports it plans to assign almost all mineral rights to a state-owned company.
Uranium prices set to recover
The uranium market will remain in deficit until 2020 and prices will start to recover in the second half of this year, according to a research report by RBC Capital Markets.
Shanduka takes over Sentula
Cyril Ramaphosa's unlisted mining group Shanduka Resources is to list its coal assets on the JSE through a takeover of Sentula Mining, which will be renamed Shanduka Mining.
CSN sells Riversdale stake
Brazilian steelmaker CSN has struck a deal to sell its 19.9% stake in Mozambican-focused coal miner Riversdale to Rio Tinto for $830m.
Eskom plant gets US nod
Despite opposition by green groups, the US Export-Import Bank has given initial approval to help fund the Kusile coal plant in Mpumalanga.
Coal rail closure to hit exports
Coal exports will be hurt by Transnet’s shutdown of the Richards Bay coal line for 20 days.