Sentula raised R502m in rights offering

Fraud-hit South African coal-miner and mining services firm Sentula Mining raised about R502-million in a rights offering to shareholders, the company said on Monday. The firm offered shareholders 351-million new ordinary shares of 1c each at a...

FSB drops Sentula investigation

The Financial Services Board (FSB) directorate of market abuse has decided not to proceed with enforcement action against JSE-listed Sentula Mining, the company announced on Wednesday. The FSB had initially planned to take action against the...

Sentula unveils plan to sell Koornfontein for R686m

JSE-listed Sentula Mining’s share price rose sharply in early morning trade on Monday, after the company announced plans to sell its 49,9% stake in the Koornfontein coal mine, in Mpumalanga province, for R686-million in cash, as part of a...

Sentula expects profit to increase to R400m, shares rise

Mining services and coal development company Sentula on Friday said it expected to make a post-tax profit of R400-million for the year to March 2009, which would be a 70% increase on the previous year's figure of R234-million. The announcement...

BHP Billiton spending R11bn on SA energy coal projects

The coal arm of BHP Billiton, BHP Billiton Energy Coal South Africa (Becsa), is spending R11-billion on two large new local coal projects, one of them the biggest single energy coal initiative the global group has ever undertaken. Becsa is...

BHP Billiton spending R11bn on new South African energy coal projects

The coal arm of BHP Billiton, BHP Billiton Energy Coal South Africa (Becsa), is spending R11-billion on two large new local coal projects, one of them the biggest single energy coal initiative the global group has ever undertaken. Becsa is...

Sentula completes R150m Koornfontein acquisition

JSE-listed coal-mining services company, Sentula, on Thursday announced the finalisation of its acquisition of a 49,998% stake in the Koornfontein coal mine in Mpumalanga, for R150-million, as all conditions precedent were met.

Scharrig acquires nearly half of Koornfontein coal mine in fourth joint venture

Mining services company Scharrig Mining (Scharrig) has acquired nearly half of the Koorfontein coal mine, in Mpumalanga, making this the fourth coal joint venture (JV) and asset the company has acquired.

Scharrig buys 50% of Koornfontein colliery

JSE-listed mining services firm Sharrig Mining (Schamin) has bought a 49,998% in the Koornfontein coal mine, in Mpumalanga, for R150-million from Investec Bank and Coronation Capital, it said on Thursday.

Podcast - July 4, 2007

In this podcast: Rio Tinto and BHP Billiton plan to sell a stake in Richards Bay Minerals to black investors; BHP Billiton finalises the sale of its Koornfontein coal mine; and CVRD clears the final milestone for its Mozambican coal project.

SA system gives hard-hats Web access

The world’s first high-speed radio-frequency communication system that allows one to access the Internet from underground has been developed in South Africa.