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Somkhele statement: murder case and resettlment plan

Petmin and Somkhele continue to offer SAPS full co-operation in the investigation into the murder of community leader Fikile Ntshangase.
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Afrimat steps in to save Nkomati anthracite mine

“We still believe in the value that Nkomati can add to the diversity of the bulk commodity portfolio within Afrimat." - Andries van Heerden
Nkomati Anthracite

Unicorn Capital unearths the heart of Nkomati Anthracite

Current stakeholders and prospective investors will be thrilled to know that Nkomati Anthracite has been successfully redeveloped by Unicorn Capital Partners (formerly Sentula Mining). “These are exciting times for us at Unicorn Capital," says Unicorn CEO,...

Buffalo Coal Corp secures additional funding and downgrades public listings

South African anthracite miner Buffalo Coal Corp. has secured additional funding from Investec Bank and Resource Capital Fund V L.P. (RCF) to use for working capital and to address its immediate liquidity concerns. Despite the...

Petmin concludes wage negotiations at Somkhele anthracite mine in KZN

Tendele Coal Mining, a subsidiary of JSE-listed multi-commodity mining company Petmin, has successfully concluded wage negotiations with the majority unions at its Somkhele anthracite mine in Kwa-Zulu Natal. A two-year wage agreement, effective from 1 July...

Ukraine coal extraction rates keep plummeting, down 44% in June

International - Ukraine coal extraction in June decreased by 44.3% year-on-year to 3.51 Mt (metric), down from 6.3 Mt in June 2014, but up from 3.24 Mt produced in May. This is according to global...

Petmin announces R350M BBBEE deal for Somkhele anthracite mine

Petmin today announced a R350 million broad-based black economic empowerment (BBBEE) deal which sees a 20% stake in its Somkhele anthracite mine being acquired by its employees and the local community. JSE-listed Petmin’s shareholding in...