Why SA rebranded thermal coal a critical mineral
IS coal a critical mineral? The question has risen to prominence since South Africa designated coal as a “highly critical” mineral in its Critical Minerals Strategy released last…
Exxaro doubles net energy capacity after R1.8bn deal
EXXARO Resources has bought control of two renewable energy facilities nearly doubling the net operating capacity of subsidiary Cennergi. Cennergi will have a net operating…
Seriti Green completes R1bn transmission station
SERITI Green has handed over a R1bn transmission station to Eskom after an 18-month construction programme, enabling the first phase of one of South Africa’s largest renewable…
Seriti Green begins construction on third wind phase
RENEWABLE energy company Seriti Green has financed and started the third phase of its Ummbila Emoyeni wind farm in Mpumalanga. The project will supply more than 900MW of…
Are banks becoming coal-curious? Mike Teke thinks so
ONE sign coal’s reputation is being gradually rehabiliated is that banks and insurers are becoming interested in the the mineral again. “I think people are reviewing their…
Seriti CEO takes helm of Global Coal Alliance
THE Global Alliance for Sustainable Coal has named Mike Teke, Group CEO of Seriti Resources, as its new chairman, the organisation said Tuesday. Teke replaces July Ndlovu, who…
Seriti Resources confirms plan to retrench 1,143 employees
SERITI Resources, a privately-held South African coal miner, plans to retrench 1,143 employees as some of its operations are “not commercially sustainable”. Middelburg Mine…
Illawarra coal sale unconditional, says South32
SOUTH32 said the sale of its Illawara Metallurgical Coal operations in Australia would be concluded in early September after announcing today the $1bn deal was unconditional.…
Transmission infrastructure urgently needed for Mpumalanga
SOUTH Africa’s Mpumalanga province could run out of available grid capacity within the next five to six years if no new transmission infrastructure is built in the province, said…
Into the deep end for Gold Fields CEO Mike Fraser
IN-trays don’t get much fuller than those of the new Gold Fields CEO Mike Fraser. A delayed gold project in Chile, an incomplete joint venture in Ghana, a brand new executive…
Anglo American to be served with class action over former coal miners
HUMAN rights lawyer Richard Spoor has launched a second class action seeking compensation for coal miners suffering from lung disease, this time employees at Anglo American. The…
Exxaro raises prospect of first battery metals deal by next year
TIME is as scarce a resource as rail for Exxaro CEO Nombasa Tsengwa. Speaking at the Joburg Indaba, Tsengwa said Exxaro once believed it had as many as 20 to 30 years to…
What does Mike Fraser as CEO mean for Gold Fields?
GOLD Fields has a new leader. But much to the market’s relief, strategy is not expected to change. Mike Fraser, a former BHP and South32 executive who will take the helm in…
Exxaro not cutting jobs but coal sector at risk unless TFR improves
EXXARO Resources did not expect to cut coal production despite another poor year of export deliveries by Transnet Freight Rail (TFR). Nombasa Tsengwa, CEO of Exxaro said last…
Portia Derby bows to critics announcing resignation from Transnet
TRANSNET’S Portia Derby has bowed to nearly a year of pressure announcing today her resignation from the state-owned ports and rail company, effective October 31. Nonkululeko…
Like its trains progress at Transnet has been slow to arrive
WHERE we used to get a number of trains a week, we get some sporadically every other week. It is not getting better as we sit here so there needs to be some intervention,”…
Coal miner Seriti sets ambitious three-year renewable target
IMAGINE the absurdity of a business that begs its customers not to use its product. That’s Eskom. Where there is a need, there is a business opportunity. South Africa’s biggest…
SA’s mining sector saved stumbling Transnet R1.6bn with just one intervention last year
WHAT exactly is going wrong at Transnet Freight Rail (TFR), the largest business unit of the state-owned ports and rail company? Speaking to company executives at the Mining…
Seriti signs 20-year wind power deal for coal mines in first of 900MW Mpumalanga rollout
SERITI Green, the renewable energy subsidiary of Mike Teke’s unlisted coal group Seriti Resources, has signed a 20 year power purchase agreement for 155MW of power from its first…
Eskom paid R9.7bn in take-or-pay coal penalties to Exxaro – with more to come
ESKOM paid R9.7bn in penalties in terms of a take-or-pay agreement with Exxaro Resources, according to Bloomberg News which cited a presentation by the power utility to the…