The Standing Committee on Public Accounts (Scopa) has welcomed the decision by Public Enterprises Minister Lynne Brown to refer Eskom’s procurement contracts, including those signed with the Gupta family-linked Tegeta Resources, to the Special Investigating Unit (SIU) for investigation. The SIU will investigate all Eskom’s procurement from 2007 onwards.
Aim-listed Edenville Energy has received a formal request from the Tanzania Ministry of Energy and Minerals (MEM) for the company to proceed with the development of its 120 MW Rukwa coal-to-power project. Earlier this year, the government released an updated power master plan, which included the project.
Indian major Adani has struck a deal with the Queensland government on royalty payments for its $16.5-billion Carmichael coal mine.
The royalty arrangement, which was backed by the state Cabinet, meant that the project was back on track, with Adani’s board expected to make a final investment decision on the project during the next board meeting.
Local coal miner Scinta South Africa will buy diversified miner South32’s 400-million-tonne Davel mining right, in Mpumalanga, for R187-million. As part of the transaction, Scinta has also acquired the Ermelo Mines’ infrastructure, railway loop and discard dump.
Triple-listed Coal of Africa Limited’s (CoAL’s) shares on the JSE rose by 8.51% on Monday morning after the company announced that Water and Sanitation Minister Nomvula Mokonyane had lifted the suspension of the integrated water use licence (IWUL) for the Limpopo-based Makhado project.
Diversified miner Anglo American has completed the sale of its 83.33% interest in the Dartbrook coal mine, in New South Wales to ASX-listed Australian Pacific Coal (APC).
BHP Billiton is assuring shareholders that it’s exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management to carry out a wider review of petroleum operations.
Aim-listed Vast Resources on Friday said it has drawn down $3-million of its $8-million financing arrangement with SSCG Africa Holdings (SSA), despite approval by the Reserve Bank of Zimbabwe (RBZ) still being outstanding.
Coal miner Coal India Limited (CIL) is likely to adjust its pricing in the current financial year. A price adjustment will need to factor in the re-gradation of the quality of coal from CIL’s 386 mines and the impact of the Goods and Services Tax (GST), a company official said.
India’s Adani Group will be required to pay full royalties on its $16.5-billion Carmichael coal project in Australia’s Queensland, according to the state’s premier.