R/€ = 15.86 Change: 0.01
R/$ = 14.00 Change: 0.00
Au 1327.20 $/oz Change: 0.92
Pt 841.00 $/oz Change: 10.84


Anglo completes sale of New Largo to Seriti

By: Simone Liedtke     1st August 2018 Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation. The cash... 

Tribunal approves New Largo Coal’s acquisition of New Largo Business from AAIC

By: Marleny Arnoldi     9th July 2018 The Competition Tribunal has approved a merger whereby New Largo Coal intends to acquire the New Largo Business of Anglo American Inyosi Coal (AAIC).  

Anglo to sell New Largo assets to Seriti, partners for R850m

By: Anine Kilian     29th January 2018 LSE- and JSE-listed Anglo American is making further progress with its strategy of disposing of its Eskom-tied coal assets, announcing on Monday that it will sell its New Largo thermal coal assets, which are owned by its 73%-held subsidiary Anglo American Inyosi Coal, to New Largo Coal, for... 

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag 

By: Martin Creamer     10th April 2017 A new aspirant South African mining champion on Monday announced its intention to purchase Anglo American’s Eskom-tied domestic thermal coal operations in South Africa, which would position the majority black-owned start-up as the potential second-largest provider of coal to the State electricity... 

Think long

By: Terence Creamer     15th July 2016 For some time now, State-owned electricity utility Eskom has been signalling that it intends overhauling the way it sources coal. Ever since Brian Molefe took over as CEO, he has questioned whether it is appropriate for Eskom to invest directly in mines through cost-plus supply contracts with... 

Molefe in forceful defence of Gupta-linked coal deal  

By: Terence Creamer     5th July 2016 Eskom CEO Brian Molefe went on the offensive on Tuesday against critics of the State-owned utility’s recent coal contract with the Gupta-family-linked Tegeta Exploration and Resources, likening the role of the banks and the media in the “hullabaloo” to that of a “kangaroo court”. Speaking at the... 

Cost-plus mines under scrutiny as Eskom rolls out new coal procurement strategy

By: Terence Creamer     26th January 2016 Eskom group executive for generation Matshela Koko reports that the utility has taken an in principle decision to migrate from investing in cost-plus coal mines, which are increasingly underperforming, to fixed-price coal contracts. Speaking exclusively to Engineering News Online, Koko also... 

Eskom says OCGT use falling from very high first-half levels  

By: Terence Creamer     24th November 2015 Despite reporting a 1.7% period-on-period decline in electricity sales for the six months to the end of September, Eskom’s primary energy costs still rose 8% to R40.9-billion, with diesel accounting for 16%, or over R6.5-billion, of that bill. Sales slumped to 107 307 GWh from 109 168 GWh in the... 

Anglo, Eskom seek ‘mutually beneficial’ New Largo outcome

By: Terence Creamer     28th November 2014 Anglo American Inyosi Coal and Eskom “are broadly aligned” regarding Eskom’s empowerment imperatives for the New Largo project, Anglo American coal business in South Africa CEO and Anglo American Inyosi Coal chairperson Themba Mkhwanazi reported on Friday. In a statement released by Eskom,... 

Top-level intervention needed to salvage Anglo, Eskom New Largo talks 

By: Terence Creamer     12th July 2014 South African electricity producer Eskom claims that discussions are back on track with Anglo American regarding a coal-supply contract with the proposed New Largo colliery, in Mpumalanga, following an earlier breakdown in the process. The New Largo project is owned by Anglo American Inyosi Coal,... 

Gigaba hints to ‘exciting’ New Largo BEE deal

By: Terence Creamer     3rd February 2014 Public Enterprises Minister Malusi Gigaba says he expects to make an “exciting” announcement in the near future relating to the ownership of the New Largo coal-mine project, which has been earmarked to supply Eskom’s 4 800 MW Kusile power station, under construction in Mpumalanga. Speaking at the... 

Kusile power plant project, South Africa

By: Creamer Media Reporter      13th December 2013 Eskom has made good progress in its negotiations with Anglo American Inyosi Coal regarding a coal supply agreement for the Kusile power station. 

Kusile power plant project, South Africa

By: Creamer Media Reporter      11th January 2013 Siemens is on track with its work for State-owned power utility Eskom’s Kusile power station, but is facing challenges, owing to delays in the civil works at both project sites. 

Kusile power plant project, South Africa

By: Sheila Barradas     31st August 2012 Konecranes has been contracted by Eskom to provide heavy-duty cranes its Kusile site. 

Kusile power plant project, South Africa

By: Sheila Barradas     22nd June 2012 Eskom has agreed to a capital sharing arrangement with Anglo American for the proposed New Largo coal mine, which will produce coal for the power station. 

Kusile power plant project, South Africa

By: Sheila Barradas     25th May 2012 Esorfranki is undertaking the construction of complex subterranean service infrastructure at Eskom’s Kusile power station, in Mpumalanga. 

Banro eyes second DRC mine, enviro nod for Deep Yellow, Anglo Inyosi launches R4.2bn colliery andmore in the African Mining Roundup

18th April 2012 This month's electronic report includes details on Banro Corp intention to start producing gold at a second gold mine, in the Democratic Republic of Congo within the next year; Deep Yellow receipt of environmental approval for its Shiyela iron-ore project, in Namibia; and the launch of Anglo... 

Anglo launches R4.2bn Zibulo coal mine, to reach full output in Q3  

By: Idéle Esterhuizen     29th March 2012 Diversified miner Anglo American's newly launched R4.2-billion Zibulo Colliery near Ogies, in Mpumalanga, will reach its targeted output of eight-million tons a year by the third quarter of this year, thermal coal CEO Norman Mbazima said Thursday. The mine is the first major project to be... 


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