Canyon Resources’ acquisition of Kangra Coal has been approved by South Africa’s Competition Commission and the Department of Mineral Resources.
The updated ore reserve represents an increase of 27.54 million t on the previously advised 27.96 million t SAMREC Code compliant ore reserve.
Eskom suspends its Executive for the Group Capital Division pending an investigation into various allegations of impropriety against him relating to the Kusile power plant build project.
Baobab has purchased the Lukin and Salaita properties in South Africa for its Makhado hard coking and thermal coal project.
South Africa’s Deputy Energy Minister defends the nation’s use of coal, which magnifies a 30 year old debate between rich and emerging economies regarding energy policies and the impact of these on climate.
The South African colliery, 70% owned by MC Mining Ltd, has secured a R20 million facility from ABSA Bank.
On Friday, Minister Mantashe marked the opening of Canyon Coal’s Khanye colliery in South Africa with a detonation procedure.