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South African Mining Company Accepted $92 million Bid for Coal Mine Stake in Siyanda Coal
Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million) bid for its stake in Siyanda Coal Ltd., a transaction that would end the need to raise cash in a rights offer.
Australian Coal Mining Development Company, CoAL Expands Mooiplaats Coal Mine Project
Australian coal development company Coal of Africa Limited (CoAL) has started additional production-related drilling, as well as drilling to identify the site for the second decline shaft, on the farms neighbouring the company’s Mooiplaats coal project, in South Africa’s Mpumalanga province.
South Africa Coal Mine Develop, Strategic Natural Resources Plans Increase Coal Mine Export
South Africa coal developer Strategic Natural Resources confirmed today that it is making progress in securing revenue avenues for its Elitheni coal mine on the Eastern Cape.
London Mining Interest Purchase Colombian Coal-Mine Exploration and Production
London Mining announces today the purchase of 20% of International Coal Company Ltd. (ICC) for an aggregate consideration of $5m, with first rights of refusal to invest further capital. ICC is a Cayman Islands incorporated company with operations in Colombia, South America. ICC’s strategy is to become a fully integrated developer of coal properties for [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
South Africa: Pamodzi Said to Want 26 Percent of Anglo Coal
BLACK empowerment investment group Pamodzi Resources was rumoured last week to be a leading contender to take a 26% stake in the South African operations of Anglo American’s wholly owned subsidiary Anglo Coal, in a deal that has been awaited for several years.
Pamodzi Resources chairman Ndaba Ntsele said on Friday he could not comment at [...]
SA – coal to become country’s biggest export earner
Coal could become a bigger South African export than gold when the expansion of country’s key export coal terminal at the Port of Richards Bay is completed in 2009.
The country’s “black gold” will earn South Africa approximately R27 billion in revenue based on 2005 prices if full export capacity is realised by 2009 – a [...]
