Miningmx: Eskom Woes May Clip Sunbird's Wings

Time will tell if ambitious plans by Australian-listed firm, Sunbird Energy, to pipe gas from the Ibhubesi gasfield 70km off the Cape peninsula in the Atlantic Sea will receive the support of Eskom and the South African government.

Kerwin Rana, executive chairman of Sunbird Energy, said the company has a term sheet for a gas sales agreement signed with Eskom which will form the basis of a capital raising exercise of between R10bn to R20bn.

Read the full article HERE.