BoatmanCapital: Thungela Resources is drowning in liabilities
Anglo American is demerging its thermal coal operations into a new company called Thungela Resources, which has listed its shares
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Non-Metal
South32 completes South Africa energy coal divestment
South32 has announced that divestment of its 100% shareholding in South32 SA Coal Holdings Proprietary Limited (South Africa Energy Coal)
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Sasol to sell world’s biggest oxygen production site to Air Liquide
The competition commission has approved the acquisition of Sasol 16 separation units in Secunda by Air Liquide. Air Liquide, an
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Eskom cuts its crippling debt by 20 percent
Struggling South African state power utility Eskom Holdings SOC reduced its debt by almost a fifth after repaying matured loans
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Zinia Phase 2 starts producing oil in Angola
Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, has announced the
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BHP plans to sell thermal coal assets
Last week, the miner revealed that it will slash the value of its coal assets by AUD 1.25 billion as
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De Beers’ fourth rough diamond sales cycle of 2021 amounts to R380m
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ fourth sales
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Sasol sells its Mozambique pipeline stake
Sasol’s major subsidiary, Sasol South Africa Ltd (SSA) has agreed to sell a 30% stake in the Republic of Mozambique
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South32 metallurgical coal production guidance remains unchanged
Illawarra Metallurgical Coal saleable production increased by 17% (or 0.9Mt) to 5.9Mt in the nine months ended March 2021 as
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BHP reduces metallurgical coal production guidance for 2021
Metallurgical coal production decreased by two per cent to 29 Mt (51 Mt on a 100 per cent basis). Guidance
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PPC disposes of PPC Lime operations
PPC has announced that PPC South Africa Holdings, a wholly-owned subsidiary of the Company (the Vendor), entered into transaction agreements
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Anglo American’s thermal coal production decreased considerably in Q1
Thermal Coal, South Africa – Export thermal coal production decreased by 25% to 3.1 million tonnes as operations, which continue
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South32 coal production drops in South Africa
South32, which is in the process of exiting its SA coal assets, said last week that its domestic coal volumes
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Anglo American’s metallurgical coal production down by 14%
Export metallurgical coal production decreased by 14% to 3.3 million tonnes, due to the continued suspension of operations at Grosvenor
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MC MINING: Production volumes returned to normal
During the past quarter, the IDC formally extended the repayment date of the R160 million ($11.1 million) loan to 31
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Demand for rough diamonds in Q1 recovered to pre-Covid-19 levels
De Beers in its Q1 2021 reports says; Rough diamond production decreased by 7% to 7.2 million carats, driven by
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Dark new world of South African coal
Local companies have been scrambling for the coal assets dumped by large corporates, such as Anglo American, Exxaro, Glencore, BHP
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Exxaro disposes of its coal interests
As part of its sustainable growth approach, Exxaro conducted an internal portfolio review to evaluate and optimise its current coal
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Recovery of high quality blue diamond at the Cullinan Mine
Petra Diamonds Limited has announced that it recovered a 39.34 carat Type IIb blue diamond of exceptional quality in terms
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Anglo American to demerge SA thermal coal operations
Anglo American has announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo
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India to become world’s largest metallurgical coal importer
Canberra – Department of Industry, Science, Energy and Resources Australia in its Resources and Energy Quarterly March 2021 has highlighted
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PPC removes financial obstacles for DRC plants
Johannesburg – PPC reached a deal to restructure debt at its PPC Barnet business in the Democratic Republic of Congo
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Eskom’s Kusile Unit 3 achieves commercial operation
Johannesburg – Eskom has announced that this week Unit 3 of the Kusile Power Station achieved commercial operation status. This
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Economic outlook for crude oil and LNG gas
The outlook for the short term remains uncertain, but with vaccine deployment underway, albeit with some uncertainty as to timing
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Danube refinery starts producing biofuel
Following several years of research and development MOL has stepped up the value chain and has become a biofuel producer,
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Wescoal delivers first own coal sales from Moabsvelden
Shareholders are referred to the voluntary SENS update of 25 January 2021, in terms of which, Wescoal indicated that production
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MC Mining produces 6% less coal in its half-year period
MC Mining Limited in its interim financial report for the six months ended 31 December 2020, highlights the following: 127,534
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VAALCO acquires additional interest in Etame Field from Sasol
VAALCO Energy has announced that it has now completed the previously announced acquisition of Sasol Gabon SA’s 27.8% working interest
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NewHydrogen expands green technology research program
SANTA CLARITA, California – Expanded research will include a complete electrolyzer device and a replacement for platinum to lower the
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Upside potential exists for crude oil
Brent crude oil prices have surged sharply by about 19% over February-2021 moving above the USD 65 per barrel mark
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