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...

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,...

Firestone and Sekoko JV sign agreement to develop Waterberg coal mine

Australia’s Firestone Energy and its joint-venture black-empowered partner Sekoko Coal on Monday signed an agreement to proceed with the development of a coal mine in the Waterberg. The companies said in a statement that the decision was based...

Firestone completes definitive Waterberg coal study, offtake deal ‘imminent’

JSE- and ASX-listed Firestone Energy said on Friday that the definite feasibility study (DFS) for its joint venture (JV) Waterberg coal project with black-empowered Sekoko Coal had been completed. However, the coal-miner said in a statement that...

Firestone JV's Waterberg mine to cost $400m, study shows

ASX- and JSE-listed Firestone Energy and its joint-venture (JV) partner in South Africa’s Waterberg region, Sekoko Coal, would have to invest about $400-million to develop an opencast mine at its Smitspan property. The coal exploration company...

Australian, South African joint venture agrees to final commercial terms

Australian miner Firestone Energy and South African coal-miner Sekoko Coal have agreed to revised, final and binding commercial terms, in respect of their second agreement, following a 12% increase in the coal resource tonnage from 995,9-billion...

Plans to start small-scale Waterberg coal mine ‘well advanced’ – Firestone

Perth-based exploration company Firestone Energy said earlier this month that plans to start a small-scale mining operation in South Africa’s Waterberg region before the end of the year were “well advanced”.

Plans ‘well advanced’ to start small-scale Waterberg coal mine – Firestone

Perth-based exploration company Firestone Energy said on Friday that plans to start a small-scale mining operation in South Africa’s Waterberg region before the end of the year were “well advanced”. The Australian company’s joint-venture...

Sekoko says plans to start producing coal by year-end

Black-owned South African mining company Sekoko Coal has completed its drilling programme on the Waterberg coal project, and has now submitted an application for three mining licences with the Department of Mining, to enable it to mine a 4,5-ha...

Firestone lists on local bourse, eyes SA, African assets

ASX-listed explorer Firestone Energy's secondary listing on the JSE would allow the Australian company to use its shares for the acquisition of South African assets, the company said last week.

Firestone Energy lists on JSE

ASX-listed explorer Firestone Energy’s secondary listing on the JSE would allow the Australian company to use its shares for the acquisition of South African assets, it said on Thursday. Firestone Energy, which plans to develop two Limpopo coal...