Coal of Africa said it had agreed to buy the South African coal assets of global miner Rio Tinto for USD 75mn. Coal of Africa will acquire the Chapudi coal project, which contains an estimated 1,040 million tons of coal and is contiguous with Coal of Africa's Makhado coking coal project, and several other coal exploration properties, the buyer said in a statement. The Soutpansberg Basin is the only coal basin in South Africa that hosts significant premium hard coking coal and this acquisition establishes Coal of Africa as the dominant landholder in the Soutpansberg Basin, the firm said. |
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South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more