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Coal
 
MINING SERVICES

South Africa’s DRA adds $100m to Americas business as it tags Taggart

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Mining project house DRA said on Wednesday that it had agreed to acquire the Forge Group North America companies, formerly known as Taggart Global, for an undisclosed sum. DRA, a private, employee-owned Johannesburg-based project and engineering...
30th July 2014
 
 
COAL

Right Eskom price will trigger R10bn Waterberg coal investment Video Available

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A successful bulk sample burn test at Majuba power station has opened the way for Waterberg coal to be used at Majuba power station in Mpumalanga. As part of the feasibility and technical work the ASX- and JSE-listed Waterberg Coal Company has...
30th July 2014
 
 
ELECTRICITY PRICING

Power tariffs to rise by more than 8% in 2015 as Nersa makes claw-back decision

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South African electricity tariffs are likely to increase by more than the 8% already sanctioned for the year starting April 1, 2015, after the energy regulator determined on Wednesday that Eskom had under recovered R7.82-billion in revenue between...
30th July 2014
 
 
COAL

Rio confirms $50m sale of Mozambique coal assets

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Mining giant Rio Tinto on Wednesday announced that it had reached an agreement to divest of its Mozambique coal assets, including the Benga coal mine, in a deal valued at $50-million, to India’s International Coal Ventures Private Limited. The...
30th July 2014
 
 
PROXY CONTEST

Cliffs stock rallies as initial results show Casablanca’s 6 take board control

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The NYSE-listed stock of US coal and iron-ore producer Cliffs Natural Resources spiked just after noon on Tuesday by as much as $1.12 a share after initial results showed that shareholders had voted all six of dissident shareholder Casablanca...
29th July 2014
 
 
COAL

Arch Coal widens Q2 loss, beats expectations

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US coal producer Arch Coal on Tuesday reported a narrower-than-expected second-quarter loss, despite the loss for the period being 34% wider than in the same period last year. The St Louis, Missouri-based miner that produces both...
29th July 2014
 
 
ENERGY

Consol Energy widens Q2 loss as special items hurt bottom line

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The NYSE-listed stock of US fossil fuels producer Consol Energy on Tuesday morning lost as much as $0.62 apiece after it reported that its second-quarter loss nearly doubled as a result of once-off charges related to retiring some of its debt...
29th July 2014
 
 
ELECTRICITY

Medupi Unit 6 synchronisation set down for Dec 15

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The Medupi power station project Electricity producer Eskom has, for the first time, offered a detailed timeline for the synchronisation of Medupi Unit 6, which is officially scheduled for December 15, 2014. Addressing a joint meeting of the Portfolio Committees on Public...
29th July 2014
 
 
 
 
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'Powered' Coega smelter viable, 'all... Audio
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Over 200 mining-related land claims... Audio
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