Junior coal producer plans to move wash plant in 2013

Junior coal producer South African Coal Mining Holdings (SACMH) upgraded its wash plant at its Umlabu colliery near the end of last year and plans to move this plant in 2013 to a more suitable area in response to environmental regulations.

SACMH appoints new chairperson

Junior mining company South African Coal Mining Holdings (SACMH) on Monday reported the appointment of Solly Mokoetle as an independent director and chairperson of its board of directors. Mokoetle, a former group CEO of the South African...

Colliery focuses on refurbishment to increase efficiency

Junior mining company South African Coal Mining Holdings’ (SACMHs) Umlabu colliery, in the Breyten area, near Ermelo, has undergone significant refurbishment to ensure that the mine produces 50 000 t/m of export coal.

SACMH prepares to optimally use rail allocation in 2011

Junior mining company South African Coal Mining Holdings (SACMH) said on Friday that its operations would allow for the full use of all rail allocation at 277 000 t/y of coal to the Richards Bay Coal Terminal in its next financial year. This...

SACMH share suspension lifted

Junior mining company South African Coal Mining Holdings (SACMH) has announced the lifting of the suspension of its shares on the JSE, with effect from Friday. SACMH shares had been suspended from trading on the local bourse since May 2009...

CIC Energy shareholders approve JSW takeover

Shareholders of CIC Energy have approved a takeover by India's JSW Energy, the company said on Friday. The deal was approved by about 99,8% of the votes cast at a special meeting held earlier in the day.

JSW gives SACMH shareholders more time to accept its offer

JSW Energy, the independent power arm of rapidly growing Indian group JSW, said on Thursday that it would extend the closing date for the remaining shareholders of South African Coal Mining Holdings (SACMH) to accept its offer to buy over their...

Wits mining school expects better first-year pass rate, Samancor opens wastewater treatment plant, CIC Energy agrees to offer from India’s JSW

Wits mining school, South Africa’s oldest, Witwatersrand, expects a better first-year pass rate. Professor Fred Cawood reports on page 51 0f this edition of Mining Weekly describes last year’s first-year progression rate as “nothing short of...

SACMH appoints JSW Steel exec to board

JSE-listed coal junior South African Coal Mining Holdings (SACMH) has appointed JSW Steel vice-president VP Garg as a nonexecutive director, it announced on Monday. Garg is responsible for the procurement of $1,5-billion of raw materials and the...

Wescoal walks away from SACMH takeover

JSE-listed coal-miner Wescoal’s share price fell by 3,4% on Tuesday afternoon, as it announced that it would no longer pursue its takeover of South African Coal Mining Holdings (SACMH). The coal-miner had made a R45-million all-share takeover...

India’s JSW Energy buys stake in SACMH

JSW Energy, a unit of Indian steelmaker JSW Steel, would buy Strider Holdings' 49,8% stake in Royal Bafokeng Capital (RBC), which is a pyramid company of South African Coal Mining Holdings (SACMH). SACMH said in a statement on Friday that the...

Wescoal targets R1bn market cap as it moves to JSE main board

Now that junior miner Wescoal has moved its listing from the AltX to the main board of the JSE, it has set itself a target to grow its market capitalisation to R1-billion. Speaking at the transfer of its listing to the main board on Thursday,...