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Coal mines operated by companies such as Glencore and Anglo American are polluting parts of Mpumalangaas they fail to comply with their water licenses, says an environmental group.
Project Halo, the consortium which won a bid for the mines owned by Tegeta Exploration & Resources, says there was nothing untoward about its bid
Exxaro Resources and Seriti Resources are among groups considering bidding for South32’s South African thermal coal operations, valued at almost R12bn, according to people familiar with the matter.
South Africa’s largest coal producer, Exxaro Resources, this week announced the establishment of its R3.3 billion Belfast Implementation Project (BIP) in Mpumalanga during a sod-turning event.
An urgent application this week to halt the Optimum business rescue practitioners from appointing a management company to get involved in running the coal mine was struck off the court roll.
The high court in Johannesburg has dismissed an application by former directors of several Gupta-owned companies for the removal of the very same business rescue practitioners they appointed in February this year.
Anglo American announced that it completed the sale of its Drayton coal mine in Australia.
The sale of the project to Seriti Resources, Coalzar, and the Industrial Development Corporation will help complete Anglo’s exit from operations that sell coal in South Africa.
Coal of Africa Limited and its subsidiaries have decided to sell all their shares in Mooiplaats thermal coal colliery to a consortium of investors.
Coal of Africa has announced a considerable downscaled plan for its Makhado Project in the Soutpansberg area in Limpopo, as environmentalists vowed to continue their resistance.
Sasol has opened a new coal mine, in a R5.6bn investment geared to supply its Secunda Synfuels Operations.
The power utility is planning on trucking and railing supplies from a facility in the Limpopo province to the stations in Mpumalanga that’s about 400 kilometers away.
Phasing out coal will plunge the sector into crisis, and urgent intervention is needed to mitigate job losses, a new study has found.
The power utility’s renewed commitment to the cost-plus coal investment model has improved the prospects for the likes of Seriti Resources, which hopes to supply Eskom, and Anglo American.
The business rescue practitioners of eight Gupta companies has won a court order against executives who were trying to control their access to the family’s corporate headquarters – the Sandton offices of Oakbay Investments.
South Africa’s Burgh Group has won a temporary contract to keep mines linked to the Gupta family afloat, according to a business rescue manager for the assets.
Junior mining company Black Royalty Minerals has launched its first operating colliery in Bronkhorstspruit, eastern Pretoria, and is already promising more influence in the coal sector.
US authorities have filed fraud charges against the mining group, its former CEO Tom Albanese and ex-CFO Guy Elliott, claiming they inflated the value of their Mozambican coal assets acquired in 2011.
Radio host Eusebius McKaiser has rubbished the claim of Just Coal CEO Joe Singh that McKaiser goaded him into apparently admitting to what may amount to corruption in a live on air interview.
The state power utility awarded an 11-year coal supply contract to former Gupta-owned mining firm Tegeta, despite it not meeting coal specification standards.
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