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Coal wage negotiations concluded, ending industrial action

A number of South African coal producers have successfully reached an agreement with the National Union of Mineworkers (NUM) in terms of wages and conditions of service. These mines, represented by the Chamber of Mines...

Coal IPPs to gain momentum in fulfilling energy needs in southern Africa

With the Southern African power pool facing a net power deficit, Venmyn Deloitte says coal-fired energy will continue to remain relevant, in turn encouraging the advancement of coal IPPs (independent power producers). A shift from...

Dust-A-Side dust suppression systems lands its biggest project in SA

Dust-A-Side's Dust Suppression Systems (DSS) has been awarded its biggest project by Exxaro's Leeuwpan colliery. This is a two year lease agreement which includes total service: maintenance, equipment, chemical (HydroPlus) and an on-site technician. 11 dust...

Universal Coal completes NCC acquisition, on track to multi-mine production status

Universal Coal, the ASX-listed coal junior in South Africa is on track to elevate its status from single mine operator to multi-mine coal producer before year-end following completion of its acquisition of the Witbank...

SAIMM acknowledges Exxaro CEO Sipho Nkosi for contribution to SA mining

Exxaro CEO Sipho Nkosi was recently awarded the Brigadier Stokes Memorial Award at the general meeting of the South African Institute of Mining and Metallurgy (SAIMM) in Johannesburg. The Brigadier Stokes Memorial Award is presented to...

Exxaro’s Total Coal SA acquisition cost significantly reduced

JSE-listed coal major Exxaro has announced that the purchase price to acquire 100% of Total Coal South Africa has been reduced from US$472 million to $380 million (maximum). This has been agreed to by both companies, because...

Exxaro 6 month headline earnings could drop by 20% as Sishen income falls

Exxaro's headline earnings (HE) for the six months to June ‘15 could be at least 20% (R563 million) lower than the HEs of R2.8 billion for the prior comparative period to June ’14 owing...

Exxaro CEO Sipho Nkosi to retire

South Africa - Exxaro CEO Sipho Nkosi will retire and work his final year to 31 March 2016. This according to an announcement made today by the large coal miner. Mxolisi Mgojo, currently Exxaro’s executive responsible for carbon...

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