Wednesday, July 24, 2013

Sentula terminates R686m Koornfontein sales agreement

October 30, 2009 by · Leave a Comment 

JSE-listed Sentula Mining has advised its shareholders that the contemplated R686-million sale of its 49,9% interest in the Koornfontein coal mine, in Mpumalanga, would no longer take place. In a statement released on Friday, Sentula reported that notwithstanding the successful conclusion of the due diligence investigation carried out by the potential purchases, the company has [...]

Second Take: Coal is still king

October 30, 2009 by · Leave a Comment 

The increasing need for coal mines in South Africa. Read more….

Riversdale, Tata approve $270m Mozambique coal mine

October 28, 2009 by · Leave a Comment 

Australian coal-miner Riversdale Mining and joint-venture partner Tata Steel have approved the development of the first phase of the Benga coal project, in the Tete province of Mozambique. The partners have committed $270-million, excluding working capital, to undertake the stage one development of the project, which would produce an initial 1,7-million tons a year of [...]

Sasol to build three new replacement coal mines

October 23, 2009 by · Leave a Comment 

Coal-to-liquids (CTL) producer Sasol is facing the prospect of replacing three of its large old coal mines with three new coal mines. The three large existing mines earmarked for replacement are the Twistdraai, Brandspruit and Middelbult operations. Set to replace Twistdraai is the new Thubelisha; Impumulelo will replace Brandspruit; and a mine still to be [...]

BHP suspends operations at SA coal mine after fatal accident

October 21, 2009 by · Leave a Comment 

Diversified miner BHP Billiton on Tuesday reported a fatality at its Khutala Colliery opencast operations, in Mpumalanga. The company said in a statement that an initial investigation had indicated that the miner was travelling in a light vehicle when a piece of coal fell from a loaded 25-t haul truck travelling in the opposite direction. [...]

Coal & Allied to sell Vickery project to Whitehaven

October 20, 2009 by · Leave a Comment 

ASX-listed Coal & Allied Industries has entered into an agreement with fellow listed Whitehaven Coal Mining to sell its Vickery coal project in New South Wales, for A$31,5-million in cash and a 1 156 ha parcel of land in the Gunnedah region. The Vickery coal project was formerly operated as an open cut thermal coal [...]

Sentula unveils plan to sell Koornfontein for R686m

October 12, 2009 by · Leave a Comment 

JSE-listed Sentula Mining’s share price rose sharply in early morning trade on Monday, after the company announced plans to sell its 49,9% stake in the Koornfontein coal mine, in Mpumalanga province, for R686-million in cash, as part of a recapitalisation process. The fraud-hit company, which had also seen a drop in earnings as a result [...]

Sentula shares jump on offer announcement

October 12, 2009 by · Leave a Comment 

The South African miner says it has accepted a conditional offer from a consortium for its 49,9% stake in the Koornfontein coal mine Read more….

Idle Zimbabwe gold, coal mines ready for quick comeback – Zimvest

September 23, 2009 by · Leave a Comment 

Zimbabwe mining’s compelling comparative advantage was that it had idle mines that investment could very rapidly revive, Zimvest MD Shaun Lightfoot said on Wednesday. Lightfoot told Mining Weekly Online, on the sidelines of a British Chamber of Business in Southern Africa meeting in Johannesburg, that the upside for investors was that greenfield risk could be [...]

Coal of Africa completes first sale from SA project

September 15, 2009 by · Leave a Comment 

The first sale of mid-volatile “lean” coal mined at Coal of Africa Limited’s (CoAL’s) Mooiplaats thermal coal project, in South Africa’s Mpumalanga province, has been completed. The emerging coal-miner on Tuesday reported that the loading of its first train had occurred on September 11, with a second train loaded on September 12. Read more….

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