Eskom, which has implemented power cuts due to coal shortages and poor plant performance, said it wants the government to take on $7 billion of its debts.
Fission 3.0 Corp. is preparing to drill 4,400 metres at four high priority targets – Wales Lake, Patterson Lake North, Key Lake and Cree Bay (two holes).
Given the economics and how the conversation around coal has shifted, you might as well try to push these banks into rotary phones or horse-drawn carriages.
Project Halo will buy Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd and Optimum Coal Terminal (Pty) according to the term sheet seen by Bloomberg.