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An image of Thungela CEO July Ndlovu
Thungela delivers strong financial performance despite rail, price headwinds
18th March 2024 By: Tasneem Bulbulia

Thermal coal exporter Thungela Resources says it delivered a resilient performance for the year ended December 31, 2023, which underpinned strong cash generation and a robust net cash position.... 


Independent expert finds Goldway’s offer not ‘fair, reasonable’ – MC Mining
18th March 2024 By: Marleny Arnoldi

JSE-, ASX- and Aim-listed coal miner MC Mining says a report prepared by an independent expert from BDO Corporate Finance that the takeover offer it received from Goldway Capital Investment in... 


MC Mining MD and CEO Godfrey Gomwe
MC Mining achieves interim revenue growth despite challenging coal market
15th March 2024 By: Tasneem Bulbulia

Coal miner MC Mining’s strong revenue growth through the six months ended December 31, 2023 were “very pleasing” considering the challenging coal market, MD and CEO Godfrey Gomwe avers. During the... 


The end of 2023 marked the start of production from Kangra's Belgarthen Adit project
Innovation, sustainability key to coal expansion
15th March 2024 By: Donna Slater

Expanding upon successful initial foundations, coal miner Kangra’s recent initiative in Mpumalanga towards the end of 2023, marked by the start of production at the miner’s underground Belgarthen... 


Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
14th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


MC Mining receives second supplementary bidder's statement from Goldway
14th March 2024 By: Creamer Media Reporter

An independent board committee (IBC) established by JSE-, ASX- and Aim-listed MC Mining to assess an off-market takeover bid by Goldway Capital has reiterated a call to shareholders to take no... 


South32 shuffles Australia lead team deck
14th March 2024 By: Creamer Media Reporter

As South32 prepares for the impending sale of the Illawarra metallurgical coal mine, the company has announced changes to its lead team in Australia. Jason Economidis, currently South32 COO for... 


Exxaro CE Dr Nombasa Tsengwa.
Exxaro declares R5.4bn dividends, green energy business thriving
14th March 2024 By: Martin Creamer

Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and... 


Glencore should keep its coal mines, investor says
Glencore should keep its coal mines, investor says
14th March 2024 By: Bloomberg

Glencore should keep its coal business even after it completes a deal to buy Teck Resources Ltd.’s coal-mining unit, according to shareholder Tribeca Investment Partners. Coal mine ownership has... 


Activist Tribeca asks Glencore to move main listing to Sydney, FT reports
Activist Tribeca asks Glencore to move main listing to Sydney, FT reports
14th March 2024 By: Reuters

Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial... 


China coal group says US curbs on Russia to keep prices high, hurt exports
13th March 2024 By: Reuters

Tougher US sanctions on Russia's coal firms will keep global prices of high-calorific-value coal high in the near term, affecting a fifth of the latter's coal exports, a Chinese industry group... 


A locomotive and wagons owned by Transnet Freight Rail
Africa’s biggest freight rail market set for private operators
13th March 2024 By: Bloomberg

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African... 


Methane emissions in the oil and gas industry
Energy industry’s methane emissions near record despite pledges
13th March 2024 By: Bloomberg

Global methane emissions from fossil fuels held near a record high last year, the International Energy Agency (IEA) said in its annual 'Methane Tracker' report, renewing concerns that governments... 


MCA CEO Tania Constable warns against the oversimplification of traditional commodities as mere
Australia risks losing economic backbone, mining industry warns
13th March 2024 By: Creamer Media Reporter

Minerals Council of Australia (MCA) CEO Tania Constable has warned that the nation is jeopardising its “economic golden goose” and has called for more support for the mining industry. In an... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
Right things are being done with Transnet, right things will be done with Eskom – Motsepe
12th March 2024 By: Martin Creamer

Dr Patrice Motsepe, the founder and chairperson of diversified mining company African Rainbow Minerals (ARM), has expressed confidence in the direction being taken by South Africa’s State transport... 


Vulcan offer falls through, but MC Mining still recommends not accepting Goldway deal
12th March 2024 By: Creamer Media Reporter

The JSE share price of triple-listed coal miner MC Mining fell by nearly 16% on March 12, after the company announced that fellow coal miner Vulcan Resources would not proceed with a formal buyout... 


Dartbrook back in production by mid-year, says AQC
Dartbrook back in production by mid-year, says AQC
12th March 2024 By: Mariaan Webb

The Dartbrook coal mine, in the Hunter Valley of New South Ales, will be back in production by the middle of 2024, after 18 years in care-and-maintenance. Australian Pacific Coal (AQC) is... 


African Rainbow Minerals (ARM) CEO Phillip Tobias.
ARM CEO commends workforce for heeding clarion call to improve volume, cost, grade
11th March 2024 By: Martin Creamer

Full ownership and execution of factors that are within management’s control are being elevated to the highest possible level by African Rainbow Minerals (ARM) CEO Phillip Tobias. ARM has sharpened... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
We are committed to confronting climate change – ARM
8th March 2024 By: Martin Creamer

African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said during Friday’s presentation of dividend-yielding results that his diversified mining company is committed to... 


MC Mining receives off-market cash takeover proposal
8th March 2024 By: Sabrina Jardim

Coal miner MC Mining’s share price on the JSE rose by more than 6% on March 8, after announced that it had received a letter from fellow coal miner Vulcan Resources outlining a non-binding proposal... 


China coal group says peak demand imminent as clean power grows
China coal group says peak demand imminent as clean power grows
8th March 2024 By: Bloomberg

China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the... 


Whitehaven’s metallurgical coal acquisition unconditional
Whitehaven’s metallurgical coal acquisition unconditional
8th March 2024 By: Creamer Media Reporter

Australian coal miner Whitehaven is on track to double the size of its business and transforming the company into a leading metallurgical coal producer. The ASX-listed miner has satisfied all... 


China coal imports seen flat in 2024, State-run utility says
8th March 2024 By: Bloomberg

China's coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a State-run utility said on... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand
7th March 2024 By: Darren Parker

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 


Kendal power station
Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025
6th March 2024 By: Terence Creamer

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 


China’s top coking coal miner calls on State to control supply
6th March 2024 By: Bloomberg

China’s coking coal industry needs more state protection, including restrictions on supply, according to the chairman of the biggest miner. Beijing should control mining activity, limit output and... 


Menar MD Vuslat Bayoglu
South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when... 


Kusile stack
Eskom says it is on track for permanent repair of Kusile stack by December
5th March 2024 By: Terence Creamer

Eskom insists it is on track to complete the repairs to the ducts in the west stack at the Kusile power station by December 2024, ahead of the March 31, 2025, deadline set by the Department of... 


Coal mining
MC Mining commissions independent report to further investigate Goldway offer
4th March 2024 By: Marleny Arnoldi

Further to MC Mining’s Independent Board Committee last week recommending that shareholders not accept a takeover offer from Goldway Capital Investment, MC Mining has released its formal target... 


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