Engineering news – Exxaro Resources Ltd expects coal production for the half year to June 30 to increase by 1.7% to 23.52-million tonnes, the South African coal miner said on Thursday.malanga.
Fin24 – Glencore [JSE:GLN] has set its ambitions on expanding in South Africa, the homeland of its chief Ivan Glasenberg.
The Citizen –
The South African mining industry said on Tuesday it opposes Eskom’s application for an increase to recover losses on its Regulatory Clearing Account (RCA), arguing it would have a severely negative impact on other sectors that depend on the mining sector.
IOL – State electricity company Eskom has asked the National Energy Regulator of South Africa (Nersa) to grant it an additional three percent annual increase for the years 2020 - 2022 to help recoup losses on its Regulatory Clearing Account.
MiningMx – A combination of short-term and long-term coal procurement contracts would restore the integrity of Eskom’s primary power supply, a strategy that would include the recapitalisation of at least two of its fixed-cost coal suppliers in a return to the model, the utility said.
Fin24 – Concerns raised in the public comments on the draft carbon tax bill include the adverse effect it will have on the SA economy.
Reuters – It seems coal miners are adopting one of two disparate strategies, either exit the business in a highly visible way to buff up your climate credentials, or sit tight, keep as quiet as possible and rake in the cash.
FIN24 – Cape Town - The global drive towards lower carbon emissions and regulations addressing climate change are among the challenges to the coal mining sector, according to research by the Chamber of Mines.
Citizen – The mining industry on Wednesday tabled a case for coal mining in the country, arguing that coal will continue to play an important role in the economy for the foreseeable future despite its declining profile and negative impact on the environment.
Chamber of Mines –
The Chamber of Mines Coal Leadership Forum, consisting of coal executives, commissioned a report to determine what needs to be done to increase the profile of the coal mining industry in the face of seemingly ineluctable negative public opinion around the use of coal in industrial processes.