ARTICLES RELATING TO
COAL
The Richards Bay Coal Terminal exported 6.24 million tonnes of coal in April, down from 7.49 million tonnes the previous month, RBCT data show.
Richards Bay Coal Terminal exported 7.49 million tonnes of coal in March, up from 5.45 million tonnes the previous month, RBCT data show.
Jarred Myers on Eskom’s pickle in transforming the coal industry.
The Competition Tribunal believes power prices could skyrocket above Eskom's anticipated hikes if coal prices in the domestic market increase as expected.
Diversified miner Exxaro has posted a 33% drop in full-year earnings, hit by lower coal export prices and volumes.
SA has designated coal as a "strategic resource" which could limit exports to protect local power plant supplies, Mineral Resources Minister Susan Shabangu says.
Prices for seaborne thermal coal will stay above production costs, while demand and supply of fossil fuel will be slower due to weaker economic growth.
Oil prices have risen on hopes of a US fiscal cliff deal, but reports elsewhere show that coal is set to surpass the liquid fuel as the world's top resource.
Coal is set to surpass oil as the world's top fuel within a decade, driven by growth in emerging market giants China and India, according to a report.
Eskom plans to set up a fund to assist black-owned junior coal producers develop new mines to secure future supplies for its power plants, the company says.
A strategy is in place to enable emerging coal miners to play a bigger role in the supply of coal to Eskom, Public Enterprises Minister Malusi Gigaba says.
A wage increase agreement has been signed by the NUM, the Chamber of Mines, Solidarity, and Uasa, which will include a R2 000 after tax, once-off "sweetener".
Logistics group Transnet says it has moved 41.6 million tonnes of coal in the six months to the end of September, up 7.8% on the previous year.
Within six years Eskom will have a 40m tonne coal deficit to meet its annual requirements, and consumers will have to foot the bill for higher transport costs.
Exxaro Resources, the R60bn diversified mining company, says Eskom is considering a fresh coal supply contract for its Medupi power station.
