Media Room

Coal India output, sales rise as power plants rebuild stockpiles

Coal India Limited's shipments rose 4.8% from a year ago and output increased for a seventh straight month as power plants bought up fuel to replenish stockpiles and meet increasing demand for electricity. Sales totaled 49.97-million metric tons in February, according to a stock exchange filing Thursday. Production rose 0.3% from a year ago to 54.46-million tons.

Exxaro expects 30% to 40% increase in FY17 core HEPS

Diversified miner Exxaro Resources expects to report a 30% to 40% increase in core headline earnings per share (HEPS) for the year ended December 31. The core HEPS excludes one-off Items, including costs relating to the implementation of its replacement black economic empowerment transaction, as well as gains on the partial disposal of its shareholding in chemical company Tronox.

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