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Topic

Westwater outlines plan for ‘made in US’ battery-graphite business

By: Mariaan Webb     27th June 2018 Nasdaq-listed Westwater Resources is planning to establish a speciality battery graphite manufacturing business in the US state of Alabama, with the Coosa graphite mine an essential cog in this wheel. Once operational in 2026, the Coosa graphite project, near Birmingham, will provide feedstock... 

Yellen can't halt Trump gold rally that funds bet against

By: Bloomberg     20th February 2017 They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains. Not even Federal Reserve Chair Janet Yellen’s outlook for higher US interest rates has been... 

Conuma Coal buys Walter Energy’s Canadian assets

By: Henry Lazenby     10th September 2016 The court-approved sale of Walter Energy Canada’s three Canadian mines to Conuma Coal Resources, a member of the ERP Group of Companies, has closed. Conuma intends to resume mining operations at the Brule mine in the near future and may resume operations at the Wolverine and Willow Creek mines in... 

Mining helping to show how rich and poor South Africans can work arm-in-arm as volunteers  

By: Martin Creamer     6th January 2016 Every year, 700 000 to 800 000 young South Africans leave school with extremely limited prospects of obtaining employment, adding to the statistic of three to four million people younger than 25 who are already unemployed. One of the country’s most pressing challenges is finding ways of preparing... 

VW debacle puts favourable spotlight on zero-emission platinum fuel cell 

By: Martin Creamer     25th September 2015 The attack on diesel vehicles and the Volkswagen emissions debacle are putting a favourable new spotlight on the zero-emission value of fuel cell electric vehicles that use considerable volumes of platinum. This year has seen several global car manufacturers steadfastly advancing the... 

Walter Energy strikes Chapter 11 restructuring deal with senior lenders

By: Henry Lazenby     15th July 2015 US coal company Walter Energy has reached a restructuring agreement with its senior lenders under Chapter 11 bankruptcy protection. Coal miners across the globe had, since 2011, been dealing with falling coal prices, a global supply glut and competition from cheap natural gas, which had forced... 

Walter Energy again defers debt interest payments

By: Henry Lazenby     11th June 2015 Foundering US coal company Walter Energy on Thursday deferred debt interest payments on another set of senior notes, raising the spectre of staring down bankruptcy in the near future. The NYSE- and TSX-listed company announced that it would exercise the 30-day grace period under its indenture... 

Walter Energy shares fall despite beating expectations

By: Henry Lazenby     30th October 2014 The NYSE-listed stock of coal miner Walter Energy in early trading on Thursday morning fell by as much as 13%, despite the company reporting better-than-expected results for the quarter ended September 30. Birmingham, Alabama-based Walter reported a net loss of $98.9-million, or $1.48 a share,... 

Themba Mkhwanazi

By: Martin Creamer     22nd August 2014 Main Activity of the Company: Coal mining Date and Place of Birth: January 8, 1970, Mbabane, Swaziland Education: Golden Hillock and Archbishop Ilsley Catholic School, Birmingham, UK, 1981 to 1988; BEng (Hon) Chem Eng, University of Teesside, Cleveland, UK, 1993 First Job: Assistant process... 

Walter Energy launches $320m secured notes offering

By: Henry Lazenby     8th July 2014 Indebted coal producer Walter Energy on Tuesday launched a private offering of $320-million of 9.5% senior secured notes due in 2019. The Birmingham, Alabama-based company planned to issue the notes as a follow-on to the $450-million aggregate principal amount of its 9.5% senior secured notes due... 

Wine estate celebrates Cape’s tin mining heritage

By: Jade Davenport     23rd May 2014 The vineyard-dominated landscape between Cape Town’s northern suburbs and the wine-producing town of Stellenbosch, particularly along the R102 and M12 routes, is both beautiful and tranquil and it is difficult to imagine that this land was ever used for any industry other than agriculture.... 

Walter Energy to idle Canadian operations

By: Henry Lazenby     15th April 2014 Coal miner Walter Energy on Tuesday said that it planned to idle its Canadian coal mines in the face of weak metallurgical coal prices, placing more than 695 jobs on the line. The Birmingham, Alabama-based ‘pure-play’ metallurgical coal producer for the global steel industry, which has coal... 

Company Announcement: Bigen Africa appoints seasoned Human Capital Director

1st February 2013 Bigen Africa is delighted to announce the appointment of Loyiso Ndlovu, the first woman to be appointed as Human Capital Director at leading infrastructure development firm Bigen Africa 

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