Exxaro exonerates CEO but orders forensic review – report
NOMBASA Tsengwa, CEO of Exxaro Resources has been exonerated of wrongdoing by a board investigation amid a string of executive resignations.
Business Times on Sunday...
Anglo completes Aussie coal sales with $3.8bn Peabody deal
ANGLO American is to sell the remainder of its 15 to 17 million tons a year Australian metallurgical coal mine production in a $3.8bn...
Zambia considering $900m coal-fired power plant
ZAMBIA is considering building a $900m coal-fired power plant as the country battles unprecedented electricity shortages, said Bloomberg News.
The worst regional dry spell in...
Exxaro said to be suffering exodus of senior leaders
EXXARO Resources had suffered an exodus of senior employees owing to the management style of the coal miner's CEO of two years Nombasa Tsengwa,...
Dispute flares over illegal mining at Optimum Coal
LIBERTY Coal said on Friday it had launched a R600m damages claim in the High Court against Kego Mining which it alleges illegally mined...
Kore finally lands EPC contract as China commits $1.93bn
SHARES in Kore Potash yo-yoed on Wednesday after the firm concluded its long-awaited engineering, procurement and construction contract for Kola, a 2.1 million ton...
Canada extends review of Paladin deal to end-December
PALADIN Energy will have to wait until at least December 30 to discover if its proposed C$1.1bn takeover of Canada’s Fission Uranium Corp. will...
Green shoots for South Africa’s coal export line?
COAL deliveries to Richards Bay are 6% higher year-on-year but the iron ore line is yet to record significant improvements, said RMB Morgan Stanley.
The...
Paladin shares sink as it cuts uranium output
PALADIN Energy has cut uranium oxide production guidance after running into ramp-up problems at its Langer Heinrich mine in Namibia.
The Sydney-listed firm said on...
Anglo to sell Aussie metallurgical coal stake for A$1.6bn
ANGLO American finally has runs on the board in its far-reaching restructuring strategy announcing on Monday an agreement to sell its 33.3% stake in...