Waterberg joint venture coal project, South Africa

Firestone has reported that it has agreed to the terms for a A$30.7-million funding convertible facility provided by Ariona Company.

Firestone secures financial backing for Waterberg project

South African coal miner Firestone Energy has announced a major funding agreement with a consortium of international investors, while its majority shareholder disposed of its interest in the company. ASX- and JSE-listed Firestone on Monday...

Firestone/Sekoko to streamline joint venture

ASX- and JSE-listed Firestone Energy on Friday welcomed a proposal from majority shareholder Sekoko Resources to more closely align the management and economic interests of the two organisations. Should the proposal be implemented, the advantages...

Sekoko may bring in strategic investors in Waterberg project

Black economic empowered Seskoko Resources on Thursday announced the appointment of a new CEO and CFO and said there was great interest its Waterberg joint venture (JV) coal project from a number of multinationals. Executive chairperson Timothy...

New Firestone Energy nonexecutive directors appointed

ASX- and JSE-listed coal aspirant Firestone Energy has appointed three new nonexecutive directors. The Australian exploration and development company has a joint venture (JV) with South Africa’s black economically empowered mining company...

Firestone appoints new CEO

ASX- and JSE-listed coal miner Firestone Energy has appointed David Knox as CEO, effective from September 20. Knox would initially be located in Johannesburg, and would assume the responsibility for the whole of Firestone’s operations in South...

Power firm may take a stake in Waterberg coal project

ASX- and JSE-listed Firestone Energy said on Thursday that its black-empowered joint venture (JV) partner Sekoko Resources was currently engaged in exclusive negotiations with a multinational listed power company. If the deal came through, the...

Firestone shares rise as Linc buys ‘strategic’ stake

Shares in Firestone Energy jumped on the JSE and ASX on Tuesday, after Australian energy group Linc bought a “strategic” stake in the South Africa-focused coal junior. Firestone issued 150-million of its shares to Linc, raising A$1.8-million....

DMR grants mining licence for Waterberg coal project

Black-empowered Sekoko Resources has reported receipt of a mining right for its joint venture Waterberg coal project with Firestone Energy. The licence would enable the partners to develop a R1.2-billion project and bring it into production,...

Perkins succeeds Dreyer as Firestone Energy chair

Coal explorer Firestone Energy has appointed David Perkins as its chairperson to succeed John Dreyer, who has stepped down. Perkins, who is an existing nonexecutive director, was elected to the position of chairperson by his fellow board members,...

Firestone Energy appoints Sekoko representatives to board

ASX- and JSE-listed Firestone Energy on Friday announced the appointment of two new South African-based nonexecutive directors, Peter Tshisevhe and Pius Kasolo. The new directors would serve as representatives of Firestone’s largest...

Waterberg coal developer Firestone looking for cornerstone investor

JSE- and ASX-listed coal explorer Firestone Energy said on Wednesday that it was looking to secure a cornerstone investor to develop its Waterberg projects in South Africa's Limpopo province. Firestone said in a statement that securing a partner...