One of the biggest events in South Africa’s coal mining sector this year is the sale of South32’s South African Energy Coal (SAEC), a division of the Perth-headquartered company that produces about 28 million tonnes a year (Mt/y) of thermal coal of...
Coal is unfashionable but Exxaro has lots of it and the low-carbon economy is not going to happen overnight.
According to projections, South Africa will need to generate energy from coal until at least 2040, says Vuslat Bayoglu, managing director and co-founder of SA-focused mining investment business Menar Capital.
If granted, the R66.6 billion increase which will be passed onto consumers will result in mine closures and will have a severely negative impact on other sectors that depend on the mining sector.
Ensuring that South Africa remains competitive and able to meet energy demands in the context of a developing economy, while at the same time reducing the country’s carbon emissions will require close collaboration between all stakeholders...
President Jacob Zuma says that transformation in the energy sector is paramount and international investors will have to partner with South Africans in the future.
15 May 2018
8 November 2017