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Exxaro Resources

Exxaro Resources breaks ground at new ‘digital’ coal mine in Mpumalanga

South African coal and heavy-minerals mining company Exxaro Resources on Thursday broke ground at its R3.3 billion Belfast coal mine.
Boikarabelo

Anglo American completes sale of Eskom-tied operations

Anglo American confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa (the Operations) to Seriti (the Transaction). Seriti, the purchaser, is a wholly owned subsidiary of Seriti Resources Holdings. Seriti...

Coal of Africa appoints DRA for Makhado optimisation study and FEED package

Triple-listed Coal of Africa Limited (CoAL) has awarded the optimisation study and front end engineering and design (FEED) package for its Makhado coal project to engineering firm DRA Global’s South African company DRA Projects...

Universal Coal acquires Exxaro’s Arnot South coal mine

South African coal miner Universal Coal has entered into a sale of prospecting right agreement with South African coal major Exaaro to acquire the Arnot South project. Exxaro established that Arnot South was no longer...

Keaton Energy withdraws Sterkfontein project coal reserve estimate

JSE-listed coal miner Keaton Energy has temporarily withdrawn its Mpumalanga-based Sterkfontein coal reserve estimate for 2013 and 2014. The estimate was originally based on the results of an independent Concept Study conducted for the project. A...

Productivity key to Australian coal industry’s sustainabilility says BHP Billiton

Australia - The Australian coal industry needs to focus on productivity and build stronger community support for the sector in order to address sustained and continuing price declines over the years, especially in 2015. This...

Universal Coal effects drawdown of R285M funding facility

African coal producer Universal Coal has successfully effected the drawdown of R285 million worth of funding, or the Tranch A facility, of the Investec debt financing facility secured in June. The company said on Monday...

Coal of Africa Mooiplaats colliery sale agreement lapses

Coal of Africa, the multi-listed South African coal company, has not concluded the R250 million sale of its Mooiplaats colliery in South Africa to Blackspear Capital. The sale and purchase agreement (SPA), first announced in September...

Corrupt practices at Vaalkrantz sees Keaton Energy report R71.9M net loss

South African coal junior Keaton Energy has suffered significant financial setbacks at its Vaalkrantz colliery following corrupt practices and coal theft. This was revealed following the announcement of the company’s year-end financial results to 31 March...

CRU Group: India to dominate seaborne thermal coal market in 2015

The underlying import drivers for India are of such strength that India will become the largest seaborne thermal coal market in the world in 2015. This is according to commodities pricing expert and forecast company...

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