Eskom recently submitted documents to the Centre for Environmental Rights (CER) stating that it could possibly keep its Grootvlei, Camden and Hendrina power stations open as late as 2030. These are all power stations at the end of their lives, that would have been shut in part starting this year!
Eskom is doing this to keep extra capacity in the grid, and avoid load shedding.
But here's t... ››› more
Over 90 days has passed for 2019, and the JSE is already up over 8% for the year.
This was mainly due to the ever-rising resource stocks, which make up a big percentage and weight of the JSE Top 40.
In fact, my Red Hot Storm Traders have managed to bank over 200% gains on six winning resource stocks this year alone.
If you missed this first quarter of profits, you have nothing to wo... ››› more
Exxaro Resources is a South African based diversified mining company, with a strong focus on coal and mineral sands. The company has a listing on the Johannesburg Stock Exchange…
Full name: Exxaro Resources Limited
Short name: Exxaro
Sector: Basic resources – mining
Five top facts about Exxaro Resources
Exxaro Resources employs around 8,500 people across it... ››› more
Yesterday, one of South Africa's biggest coal producers, Exxaro Resources, announced that it acquired Total's coal assets based in South Africa.
The share price rallied on the news and closed firmly higher.
Let's take a closer look at what this means for Exxaro…
Exxaro buys SA’s fifth biggest coal producer
Exxaro will acquire “Total Coal South Africa, South Africa’s fifth la... ››› more
Earlier today, Exxaro Resources released its interim results. And they didn't make good reading. The company hasn't had a good six months. Let's take a closer look at what the results reveal…
Exxaro reported “a 39% drop in first-half headline earnings,” reports Fin24. The results reflect a write down of R292 million on “a coal mine that could cease production”.
The company’s headl... ››› more
Investor confidence in the local mining sector is at an all-time low. Especially as the Exxaro strike continues, despite a court order for miners to return to work. This means coal production and supply have dropped, while demand continues to rise. And that means now is the perfect time to invest in coal! Here are two ways to do so…
Just when you thought the worst was over, the rand weakened ... ››› more
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