Sentula headline earnings flat, CEO sees volatile period ahead

JSE-listed mining services provider and coal miner Sentula Mining on Friday reported a R230-million loss for the half-year ended September 30, despite a 10% revenue increase to R1.35-billion. Headline earnings, which strip out certain one-off...

Company Announcement: Reviewed condensed consolidated interim results for the six months ended 30 September 2011

Global economic uncertainty and its impact on local mining, continues to affect the rate of recovery and sustainable growth in resource and energy sectors.

Sentula’s own coal operations to chip in half of earnings – CEO

Half of the JSE-listed Sentula Mining’s future earnings will come from its own coal mining and marketing, Sentula CEO Robin Berry reports. Currently most of its revenue arises from coal-mining contracting services. Sentula’s revenue in the...

R2,1bn Sentula-Shanduka deal to create midtier coal miner

Sentula Mining and Shanduka Resources have entered into a strategic merger agreement, through which Shanduka will control 51,9% of the new group for a total consideration of nearly R2,1-billion. The companies on Thursday reported the proposed...

Sentula sees growth after terminating loss making contracts

JSE-listed Sentula Mining on Friday reported a decline in full-year profit, reflecting "tough" trading conditions, but CEO Robin Berry said that the group had managed to reduce its debt, which created a solid base for growth. The coal-mining and...

Soon-to-be-listed Optimum buys more of Koornfontein for R670m

JSE-aspirant Optimum Coal has bought more of the Koornfontein coal mine in a R670-million cash deal with the JSE-listed Sentula. Optimum will buy 49,998% of Siyanda Coal, which owns Koornfontein, having earlier taken steps to buy Siyanda's...

Sentula reports big drop in H1 profit, shares fall

JSE-listed mining services and coal company Sentula Mining's share price plunged 11% on Friday morning, when the company reported an 87% drop in interim profit. Profit for the six months ended September 30, fell to R25-million, from R1,9-billion...

Sentula Mining cuts deal to 
restructure R1,6bn debt

Fraud-hit JSE-listed Sentula Mining recently announced that it has signed a revised loan agreement governing the terms of its R1,6-billion debt restructuring.

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 earnings to plunge, unveils R500m capital raising

JSE-listed Sentula Mining is expecting a general improvement in trading conditions in the second half of the year, it said on Thursday, after reporting an expected drop in earnings a share of between 64% and 81% for the first half of the 2010...

Sentula names former financial director in R242m misappropriation probe

JSE-listed Sentula Mining named former financial director Jason Holland in its R242-million misappropriation investigation and said that the name of a second former employee would be available on Friday. Sentula Mining CEO Robin Berry revealed...

Fraud-hit coal contractor Sentula's cautionary lifted, but share price falls

The lifting of the cautionary over fraud-hit JSE-listed coal-mining contractor Sentula had no benefit for the share price, which plummeted to a 12-year low, as the company announced an end to its forensic audit and a shift in emphasis towards...