The Ohio House of Representatives on Wednesday approved a measure that would subsidize the state’s struggling coal and nuclear plants after lobbying from a member of President Donald Trump’s re-election campaign.
JSE-listed Wescoal has, through its wholly-owned Keaton Energy subsidiary, entered into and executed an agreement to acquire Mbabazini Esther Dhladla’s shares in Neosho Trading – the owner of the Moabsvelden project. Keaton will acquire the shares, which represent about 7.8% of Neosho’s issued share capital, for R10.5-million.
India’s largest power producer, NTPC, has set a target of mining 10.4-million tons of coal from its captive mines during 2019/20.
Junior Coppermoly has placed more than 404.1-million shares to Chinese investor Shanghai Fuyuan Investment Company (SFIL), raising A$6-million in the process.
The share placement, which was priced at 1.5c a share, will result in SFIL holding a 19% interest in Coppermoly.
ASX-listed Strike Energy has completed a A$12-million share placement to fund drilling in Western Australia.
The company on Thursday said that it would issue more than 184.6-million shares at a price of 6.5c each, to profession and sophisticated investors, with the shares placed under Strike’s existing placement capacity.
Sello Moloko will step down as chairperson of JSE- and NYSE-listed Sibanye-Stillwater, effective September 30, and will be succeeded by nonexecutive director Dr Vincent Maphai, whose appointment is effective June 1.
Switzerland’s top prosecutor opened a criminal probe against “unknown perpetrators” suspected of bribing foreign officials after a public interest group filed a complaint in 2017 against Glencore, adding to international scrutiny of the world’s biggest commodity trader.
India’s Power Ministry has estimated coal demand from domestic thermal power plants at 651-million tons in 2019/20. State-miner Coal India Limited has assured thermal power producers supply of 530-million tons during the financial year, while the balance of 121-million tons will need to be imported.
ASX-listed Cape Lambert has inked a non-binding term sheet for a A$15-million finance facility to provide flexibility in its negotiations for either an offtake or strategic partner that could result in alternative funding.
Diversified miner South32 has signed a A$6-million earn-in agreement over ASX-listed Superior Resources’ Nicholson base metals project, in Queensland.
Under Stage 1 of the earn-in agreement, South32 would sole fund an initial A$2-million, or 4 000 m of drilling within the first 12 months of the agreement, with funding to start immediately.