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Tullow pays down debt, raises profit in first half under new CEO

Tullow Oil said on Wednesday it had further reduced debt in the first half of the year after a surprise cash call in March and made a small increase in gross profit over the period thanks to higher output and an insurance payment. The Africa-focused company also trimmed its annual capital... 

Black-controlled Wescoal set to soar

Stripping out Wescoal’s once-off nonrecurring costs paints a pretty picture of the performance of this black-controlled coal-mining and coal-marketing junior, which has declared a dividend payout of R22-million compared with R10-million last year The once-off costs of R90-million arose from the... 
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