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 wins back R88m in court case against ex-exec Scharrighuisen

JSE-listed coal company Sentula has won back R88,5-million plus costs in its first civil action to recover the R242-million that was misappropriated from the company two years ago. Sentula this week claimed R133-million in the South Gauteng High...

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...

Daily podcast – March 2, 2010

Alliance Resources reports that first production from the Four Mile uranium project, in South Australia, is still possible in 2010; and Sentula receives approval for the sale of the company's stake in the Koornfontein mine to Optimum Coal.

Sentula gives update on Koornfontein sale

JSE-listed Sentula said on Monday that it had received approval for the sale of the company's stake in the Koornfontien mine to Optimum Coal from its consortium of financiers. In addition, the company's shareholders, holding more than 50% of the...

Daily podcast – February 15, 2010

Optimum Coal buys more of the Koornfontein coal mine; and Asarco's miners agree with Grupo Mexico to extend their existing contract for another year.

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 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 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...