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Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second...
Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility...
Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that...
JSE-listed Salungano Group has advised that its indirect subsidiary Keaton Mining has filed for business rescue. Keaton Energy Holdings, which is a wholly-owned subsidiary of Salungano and the...
Finalising funding solutions for the expedited expansion of South Africa’s electricity transmission grid has been identified as a key priority for the Just Energy Transition (JET) project...
China Shenhua Energy Co., the nation’s top coal producer, has set a lower output target for 2024, as Chinese miners ratchet back operations amid a glut of the fuel. The firm plans to cut annual...
Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the...
The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results...
Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s...
Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals...
Australian coal firm Whitehaven Coal drew 17 private credit providers and one bank for a $1.1-billion loan to buy two mines, the latest example of direct lenders benefiting from banks’ tighter...
Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore...
JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,...
Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and...
Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on...
The ongoing shift from traditional coal mining to sustainably mined coal in 2024 and beyond will “witness remarkable advancements” in new coal mining methods, driven by innovative technologies and...
Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South...
India’s state-run miner Coal India will continue to increase production to meet growing demand and help boost inventories, according to a key government official overseeing the fuel. The producer...
China's top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal...
Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows...
The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is...
India's JSW Steel is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India's...
ndia has received a total of 40 bids for some of the 32 commercial coal mines that were made available for auctioning in December, the government said in a statement on Monday, adding the bids...
Colombia, South America’s top coal producer, is proposing a mining bill which would ban new exploration and production contracts for the fuel. The proposed law would also allow the expropriation...
Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on...
State-run Coal India will bid for three blocks in critical minerals auctions conducted by the country's mines ministry in February, chairman and MD P M Prasad told analysts in a post-earnings...
The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the...
Aim-listed Shuka Minerals, previously known as Edenville Energy, has signed a definitive settlement agreement with Upendo Group, which holds a historic residual 10% interest in the Rukwa coal...
JSE-, ASX- and Aim-listed MC Mining’s Independent Board Committee (IBC) has advised that shareholders should not accept a takeover offer from Goldway Capital Investment. Goldway in early February...
Australia's Whitehaven Coal reported an 86% drop in first-half profit on Thursday and announced an interim dividend that missed market consensus, sending its shares more than 7% lower. Shares of...
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