ARTICLES RELATING TO COAL

One company. Three deals. So many questions.

2016-04-29 06:30

Optimum Coal has been sold three times in less than 10 years. It provides the prevailing South African story of some inexplicable deals involving politically connected individuals and companies.

Eskom uncertainty brings challenges for Anglo mine sale

2016-04-26 19:48

Anglo American’s sale of its South African coal mines will likely run into 2017 as bidders struggle with attempts by Eskom to transform its relationship with coal suppliers.

Eskom tells Anglo to cooperate on coal-mine sales

2016-04-21 09:52

Anglo American will have to work with Eskom on the planned sale of its coal operations in South Africa because it owns part of the assets, says an executive at the utility.

Swedish group exits German coal unit

2016-04-18 16:15

Swedish state-owned energy giant Vattenfall has reached a deal to sell its German coal operations as it moves away from activities blamed for climate change.

Exxaro’s coal fight with Eskom heats up

2016-03-03 11:34

A war of words has erupted between Exxaro and Eskom over the expired Arnot coal mine contract for Arnot power station.

Molefe on Eskom coal deals probe: We have nothing to hide

2016-02-22 15:46

Eskom CEO Brian Molefe says while he is surprised with Treasury’s investigation of its coal supply contracts, the power utility will cooperate.

Gupta company: No help from minister with mining deal

2016-02-14 14:24

Any person or company should be free to compete fairly for any business, says the Gupta family company in reaction to allegations of ministerial help in a deal.

Eskom can't afford 'exorbitant' coal - Molefe

2016-02-01 18:48

Eskom can’t afford to pay 'exorbitant' amounts of money for coal used in its plants, Chief Executive Officer Brian Molefe says.

Gupta connection cloud over Eskom coal supplier

2016-01-29 13:07

Eskom is allegedly buying coal for its Arnot plant from a mine being bought by a company controlled by the Gupta family, friends of President Jacob Zuma, say sources.

Water scarcity and move away from carbon riles Medupi, Kusile

2016-01-14 06:18

Bankruptcies, project shutdowns, regulation, and emission limits curb enthusiasm for fossil fuels, says Circle of Blue senior editor Keith Schneider.

 

Molefe, Brown: Why the focus on Gupta-owned Tegeta?

2016-04-27 20:30

Eskom boss Brian Molefe and Public Enterprises Minister Lynne Brown have criticised reports insinuating the Gupta-owned Tegeta benefited unduly from a contract.

SA locks onto coal despite water risks

2016-04-22 06:46

Demand and prices steadily slip, causing economic and political turbulence.

Exxaro may cut up to 565 jobs: Solidarity

2016-04-19 09:24

Exxaro plans to cut up to office jobs as it tries to cut costs in the face of depressed prices and the loss of a major contract, says the Solidarity trade union.

Zuma’s son took stake in Tegeta 3 wks before Optimum buy

2016-03-07 07:55

A firm that’s almost half-owned by Duduzane Zuma obtained shares in a Gupta-family firm weeks before they bought Glencore’s Optimum Coal, share register documents show.

Sustainable Optimum important for Gupta company

2016-02-23 20:30

The future sustainability of the Optimum Coal Mine is very important for Oakbay Investments, the holding company for the Gupta family’s businesses.

Gordhan to crack whip on Eskom coal-supply deals - report

2016-02-21 17:29

Finance Minister Pravin Gordhan will reportedly order the National Treasury to scrutinise all the coal supply contracts awarded by Eskom.

China puts coal production capacity on chopping block

2016-02-07 12:57

China plans to chop coal production capacity as part of efforts by President Xi Jinping’s government to cut industrial overcapacity and use cleaner energy sources.

Eskom slams Gupta coal report as mischievous

2016-01-31 15:24

Eskom has denied reports that a mine linked to the Gupta family has been awarded a contract to supply coal for its Arnot power plant.

US freezes new coal mine permits

2016-01-17 18:00

The US government has announced a freeze on issuing permits for new coal mines on government land, in a review of the environmental impact of federal policy.

US coal miner Arch files for bankruptcy, hit by cheap gas

2016-01-12 14:52

One of the largest US coal miners, Arch Coal has filed for bankruptcy protection succumbing to the competitive pressure of cheap natural gas from fracking operations.

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