Keaton hopeful of anthracite exit in next few months

JSE-listed Keaton Energy is steadily making a “strong comeback” with its earnings for the first half of the 2017 financial year improving substantially after the idling of its lossmaking Vaalkrantz colliery, in KwaZulu-Natal, and the continued steady-state operations at its Vanggatfontein operation, in Mpumalanga. However, the company is flagging the long-awaited Section 11 Ministerial consent for the sale of its anthracite assets, incorporated into the LME group, which housed Vaalkrantz, the Balgray, Koudelager and Mooiklip projects, as critical.