Sentula announces board appointment

Iliad cofounder and former CEO Ralph Patmore joined the board of Sentula Mining as a nonexecutive director on Wednesday. Patmore was MD for various companies and served on the board of Group Five.

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...

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 meeting approves Koornfontein deal

The shareholders of Sentula Mining have approved the disposal of the Koornfontein mine to newly listed Optimum Coal at a meeting this week, the new owner said on Wednesday. "We are delighted to have now completed all transactions resulting in...

BEE coal company makes strides in growth strategy

Black-owned and controlled South African coal-mining group Optimum Coal has entered into a ten-year marketing agreement with the independent commodity traders Mercuria Energy Group to enhance Optimum’s export marketing.

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...

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 restructures R1,6bn debt, prepares to raise R500m

Fraud hit JSE-listed Sentula Mining announced on Tuesday that it has signed a revised loan agreement governing the terms of its R1,6-billion debt restructuring. In terms of the agreement, the company will have to lop R400-million of its...

Daily podcast – December 5, 2008

In today's podcast: Australia's Fox Resources expects to resume nickel production and shipments to China in late 2009 as it predicts a recovery in prices; and RBC Capital Markets says there is little hope of any significant improvement in the...

Sentula is ‘aggressively’ searching for misappropriated assets

Mining services and coal-mining company Sentula Mining on Thursday assured shareholders that it was “aggressively” going after the misappropriated company assets, and that it had made good progress in this regard. This came after the company...

Sentula appoints Van Rooyen as deputy chair

JSE-listed resource company Sentula Mining has announced the appointment of Jeffrey van Rooyen as deputy chairperson to the board, with immediate effect. Van Rooyen, who previously acted as an independent nonexecutive director for the company,...

Sentula, partner to develop R820m coal project at Koornfontein

JSE-listed coal producer Sentula Mining and its joint-venture (JV) partner Siyanda Resources would spend R820-million on a new development at the Koornfontein mine, CEO Robin Berry said on Wednesday. The company would seek raise between...