Africa a major target of China’s resource ‘acquisitiveness’

A number of recent ventures and agreements between China and Africa-based resource companies have positioned the continent as a key destination for meeting China’s resource acquisitiveness, market research firm Frontier Advisory research and...

Coal processing body optimistic about domestic industry’s future

Yearly coal exports through the Richards Bay coal terminals over the past few years have surpassed all other minerals in foreign-currency-earnings terms, and have provided an economic model which should sustain the coal-mining and -processing...

Rozynenbosch setback weighs on Miranda net asset value

JSE-listed junior Miranda Minerals said the net asset value of its shares decreased significantly in the six months ended February, owing to the derecognition of group’s the Rozynenbosch asset. When compared with the previously interim results...

Eskom leans on incentives, voluntary savings as buy-backs near end

The power buy-back scheme instituted for large customers by Eskom, in December, will expire at the end of May, following which the State-owned utility will rely mainly on its demand market participation (DMP) and demand response aggregator (DRA)...

Prophecy inks coal supply deal

Prophecy Coal, which mines the fuel in Mongolia, on Thursday said it signed a contract to supply 22 100 t to a local direct reduced iron plant, with the possibility to increase this to 300 000 t/y. The TSX-listed company said the agreement set a...

China Shenhua says plans to buy assets from controlling shareholder

China Shenhua Energy Co Ltd, the country's largest coal producer, said it plans to acquire assets from its controlling shareholder including equity interests in or assets of China Shenhua Coal Liquefaction and Chemical Co Ltd and Shaanxi Shenyan...

Macquarie urges Coalworks investors to oust chairman, CEO

Macquarie Bank on Thursday urged investors in Coalworks Ltd to oust their chairman and chief executive, a move Coalworks fears will make it easier for Whitehaven Coal Ltd to succeed with a A$172-million ($167-million) hostile bid. Macquarie,...

ZYL upgrades resources, awarded mining right

South Africa-focused coal developer ZYL on Thursday reported a 30% resource increase at its Kangwana Central project, while announcing the award of a new order mining right for its Mbila property. The Perth-based company said in a statement that...