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Eskom dismisses allegations that De Ruyter "perfected" corruption around coal deal biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.
South32 to increase capital management programme by $200m mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
Eskom has agreed to pay a higher price for coal for its Duvha Power Station. This will pave the way of sale of South32 SA Energy Coal to Seriti Resources. Since 2019, the coal miner has claimed that it was selling coal to Eskom below its cost of mining. Eskom has approved a higher coal price supply the Duvha power station in Mpumalanga. This will help pave the way for the sale of South32 s SA Energy Coal (SAEC) to black-owned Seriti Resources. SA Energy Coal, which is majority-owned by Australia-based South32, runs four collieries and three processing plants in eMalahleni (previously known as Witbank) and Middelburg. ....
. Seriti Resources, which has been fending off attacks over its acquisition of South32 coal assets, says it was under no illusion that the journey towards closing the deal which would solidify its space in the sector would be easy. The company is buying a 91.8% shareholding in SA Energy Coal (SAEC), which supplies Eskom with coal, in a deal that has seen the company make an upfront payment of R100 million towards the transaction. There’s more to this story Subscribe to News24 and get access to our exclusive journalism and features today. Subscribe ....