Seriti Resources, a South African mining company, won a bid to acquire South32’s thermal-coal assets in the country, according to two people familiar with the process.
Final offers were in a range of $300-million to $350-million, according to one of t…
Seriti Resources said to win bid for South32 coal assets Read More »
An acceleration in economic growth in South Africa could trigger power cuts, with state utility Eskom Holdings’ fragile generation system unable to respond to increased demand for electricity. The energy availability of Eskom’s generation fleet is supp…
Eskom board member says South Africa at risk of power outages Read More »
The cost of producing hydrogen gas with renewables is likely to plummet in the coming decades, making one of the most radical technologies for reducing greenhouse gases economical. That’s the conclusion of an analysis by BloombergNEF, which said the mo…
Hydrogen’s plunging price boosts role of gas as climate solution Read More »
President Donald Trump canceled a state visit to Denmark after his offer to buy Greenland was met first with bemusement, then flat refusal. Anger followed, and even Queen Margrethe II was drawn into the fray.
Trump had been due to make his first visit…
Trump cancels Denmark visit over Greenland Read More »
South African labour unions that oppose the government’s plans to split embattled State-owned power utility Eskom Holdings into three units will ultimately have to support the reforms, according to Mineral Resources and Energy Minister Gwede Mantashe. …
Mantashe sees unions backing Eskom rescue Read More »
Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying that accumulating bullion will reap rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce dema…
Buy gold ‘at any level’, veteran investor says as central bankers ease Read More »
The threat of an International Monetary Fund (IMF) bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy. An expanded bailout for struggling power utility Eskom Holdings and…
IMF rumours may be the scare South Africa needs Read More »
Navajo Transitional Energy has won a bid to buy “substantially all” of Cloud Peak Energy’s assets, the bankrupt coal company said in a statement Friday.
The assets to be acquired include the company’s Spring Creek, Cordero Rojo and Antelope mines, as …
Winning bidder named for Cloud Peak Energy assets Read More »
Freyr, a startup planning to build one of Europe’s first battery gigafactories in Norway, has a bigger vision for the region: a “Nordic Battery Belt.”
The Norwegian company is still gathering approvals, technology licenses and funding for its initial,…
Battery startup with $4.5bn plan has vision for Nordic Hub Read More »
MMC Norilsk Nickel is soliciting pitches from banks to participate in an initial public offering (IPO) of its Russian copper mine, according to people familiar with the matter.
The miner has invited proposals from Russian and international banks, said…
Nornickel is said to invite bank pitches for copper-mine IPO Read More »
