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ELECTRICITY

Eskom mulls ways to plug R225bn hole, hints to more support

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Eskom reaffirmed to the Parliamentary Portfolio Committee on Energy on Friday that it would not, through efficiencies alone, be able to close the R225-billion financial gap arising from the lower-than-requested tariff determination for the coming...
By: Terence Creamer
24th May 2013
 
 
CORPORATE ACTIVITY

Waterberg details Haworth shareholding in bidder's statement

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In response to a directive by the Australian Takeovers Panel, Waterberg Coal Company on Friday dispatched a third supplementary bidders statement in relation to its hostile takeover offer for Firestone Energy. The panel found that the original...
By: Natalie Greve
24th May 2013
 
 
COAL

Anglo's Drayton South faces more scrutiny

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New South Wales Minister for Planning and Infrastructure Brad Hazzard has called for further scrutiny of Anglo American’s Drayton South coal mine, after community concerns were raised. Hazzard said this week, that he had written to the...
By: Esmarie Swanepoel
24th May 2013
 
 
COAL

Australia coal firms dig in for years of mine closures, job cuts

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Australian coal miners are steeling themselves for years of production cuts, job reductions and asset sales as swelling shipments from international rivals lower hopes of a recovery in prices for coal. Prices have slumped around 30% since their...
By: Reuters
24th May 2013
 
 
COAL

Firestone moves closer to Eskom supply agreement

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Dual-listed Firestone Energy on Thursday published an interim resource statement for its joint-venture (JV) Waterberg coal project, where production is set to start in the second half of 2015. Drilling results have confirmed the gross tons in situ...
By: Natalie Greve
23rd May 2013
 
 
BENEFICIATION

Side-stream beneficiation needs more recognition

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CoM senior executive Roger Baxter Side-stream beneficiation required more recognition in South Africa, with much of the focus having been on defining downstream beneficiation, Chamber of Mines (CoM) senior executive Roger Baxter said on Wednesday. “Little attention has been...
By: Idéle Esterhuizen
23rd May 2013
 
 
COAL

Bathurst gets access agreement at Escarpment

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ASX-listed resources developer Bathurst Resources on Thursday announced that the company had been granted an access arrangement for its Escarpment coal project, in New Zealand, by the Minister of Conservation. MD Hamish Bohannan said that the...
By: Esmarie Swanepoel
23rd May 2013
 
 
coal

Vale, Rio accused of neglecting displaced Mozambicans PDF Available

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Human Rights Watch accused Mozambique's government and foreign mining companies on Thursday of "serious shortcomings" in resettling communities to make way for coal mines, leaving thousands without proper homes, food or sources of income. In a...
By: Reuters
23rd May 2013
 
 
 
 
 
 
 
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Wescoal posts big jump in FY earnings Audio
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Over 200 mining-related land claims... Audio
Teck expects record copper, coal... Audio
 
 
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