US crude stocks fell 7.1-million barrels in the week to August 12, Energy Information Administration data shows
Allowing grey goods to masquerade as the real thing will be damaging on an international level
Labour federation hopes national strike will bring economy to a standstill so government has to acknowledge the socioeconomic crisis facing SA
The party’s internal leadership contest in December is expected to gain momentum once the the nomination process kicks off
Manchester United’s owners are weighing up opening the club to a new investor, with private equity firms and rich individuals likely to be interested
The rand will continue to lose value if we don't adopt policies that create a superior emerging market with a far lower risk premium
The claim by Sars that it costs the country R31bn is wrong — the real cost is about R4bn a year
The president said the meeting, held in DRC, looked at ‘very positive’ initiatives that Sadc member states have embarked on
Jet-setter to tick another event off her bucket list
Plus the brand has another new model in the Bentley Flying Spur Mulliner Blackline
ASX and JSE-listed coal junior Resource Generation (Resgen) said on Friday negotiations for funding to complete the construction of its Boikarabelo mine continued.
However, the company had determined its primary source of funding being pursued was no longer viable, due to uncertainty around the terms of coal supply to Eskom.
Management had, however, been in parallel been exploring another funding proposal, which was now complete, the company said in a results statement on Friday.
Resgen is developing a substantial coal mine, Boikarabelo, in the Waterberg, which has been under development since 2011.
The company was continuing negotiations regarding funds for a rail link that would allow for coal exports. The link was estimated to cost R650m, with a further R300m in ramp-up costs.
"Management believes these funds can be raised when required from commercial banks, as the project will have been substantially de-risked at that point in time," Resgen said in its results statement.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.