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Mining  // Browsing posts in Mining

1 Aug 2010 Mining

PALESA BENEFITS FROM K’ENYUKA EXPERTISE

Power generation in South Africa is heavily reliant on coal but before the coal can be used by Eskom, it must first be crushed, sized, washed and dowatered. This process is undertaken in coal washing plants and is arguably most effectively achieved when a single company is able to undertake the engineering design, construction and […]

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15 May 2009 Mining

NOT MUCH SHAKING AT HCI’S KHUSELA

INVESTORS who think coal mining is where easy money can be made should have a squizz at the latest year to end-March results from empowerment group Hosken Consolidated Investments (HCI). HCI owns 80% of Khusela Coal – which operates the Mbali (formerly Klipoortjie) and Palesa (Loopspruit) projects. Initial expectations were that Khusela would be mining […]

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15 Feb 2008 Mining

COAL CONCERNS

ESKOM ASKS DME TO SPEED UP MINING RIGHTS PROCESS TO EASE COAL-SUPPLY GAP State-owned power utility Eskom has identified the long- term growth in coal supply as a significant challenge for future generation capacity. Speaking at the McCloskey South African Coal Exports Conference. in Cape Town. recently, Eskom GM for primary energy generation Rob Lines […]

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5 Sep 2007 Mining

HCI KHUSELA SEEKS RIGHTS TO XSTRATA COAL

HCI Khusela Coal was in the process of gaining rights to operate a coal reserve owned by industry major Xstrata, Fleur Honeywill. the small scale mining firm’s managing director, said yesterday The deal, to be approved by the boards of both firms, would see HCI Khusela double its reserves in Mpumalanga to 20 million tons. […]

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5 Sep 2007 Mining

HCI KHUSELA NEGOTIATES RIGHTS TO OPERATE XSTRATA COAL RESERVE

COAL miner HCI Khusela Coal was in the process of gaining rights to operate a coal reserve owned by industry major Xstrata, it said yesterday. If the deal goes ahead, HCI Khusela would double its reserves in Mpumalanga. HCI Khusela MD Fleur Honeywill said Xstrata had agreed to allow her firm to make use of […]

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15 Dec 2006 Mining

SMALL BUT COSY GLOW

Diversified media, entertainment and investment group HCI is moving into the coal business, attracted by the profits to be made from supplying burgeoning demand from Eskom’s power stations. The group has teamed up with empowerment mining group Khusela Women’s Investment, formed two years ago by former Harmony Gold executives Fleur Honeywill, Khosi Sibisi, Amanda Matthee […]

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7 Dec 2006 Mining

HCI’S FLEUR READY TO BLOOM

COAL PROSPECTS CONTAIN AN ESTIMATED 40m T Fleur Honeywill is surely expressing the private feelings of many a hardheaded miner when she says she nearly wept when first drill results showed she had a mine. “As soon as they brought the coal to surface I could see it was export quality,” she says. Export quality […]

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23 Oct 2006 Mining

HCI MAY BECOME COAL MINER

It’s perhaps an indication of the near gravitational pull of resources that even media and industrial group HCI is considering dipping its toe in the sector. That’s according to a one-line comment in HCI’s annual report, in which it says that it’s assembling a team to investigate resources-based opportunities. Talking to Miningmx, management reminded shareholders […]

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