Zyl receives production offtake offers, expressions of interest in funding its South African operations

Perth-based coal producer Zyl has received a number of nonbinding expressions of interest (EOIs) for the production offtake and/or funding of the company’s two South African operations, as well as interest in joint-venture agreements with and...

KZN anthracite mine to cost A$85m, study shows

ASX-listed emerging miner Zyl would have to spend some A$85-million to develop its Mbila project, in KwaZulu-Natal, into a 580 000 t/y mine, an interim feasibility study (IFS) has shown. The study, which updates the 2008 bankable feasibility...

Mining Indaba Schedule

Coal developer ZYL attracts interest from potential buyers

Shares in ASX-listed ZYL jumped nearly 30% on Wednesday, as the South Africa-focused coal developer announced that it had received two unsolicited expressions of interest to either partner or acquire ZYL. ZYL appointed Macquarie Bank as a...

Australia-based miners Ferrum Crescent, Zyl to list on JSE

Australia-based Ferrous Crescent, which owns South African assets, will list on the JSE main board on Friday, while another Australian junior, Zyl, also unveiled plans to list in South Africa. The Johannesburg bourse said this week it had granted...

Australian company acquires 56% of South African project

Emerging metallurgical coal producer ZYL reports that the company has undertaken a share sale agreement with Selentium Capital to acquire an interest of up to 56% in the Southern Anthracite project, in South Africa’s Mpumalanga province.

Kangwane JV partner to appoint BFS manager for SA anthracite project

ASX-listed mining company ZYL and Siyanda Resources, the joint-venture (JV) partners in the Kangwane anthracite project, in South Africa’s Mpumalanga province, were planning to appoint a bankable feasibility study (BFS) manager for the project...