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South Africa's Exxaro H1 earnings tumble, to diversify sales

Aug 20, 2015 · Coal companies could face strikes after wage talks with workers demanding pay rises of up to 15 percent were deadlocked. They are now headed for mediation. Exxaro, which is exposed to swings in the prices of coal, iron ore and mineral sands, said it

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There's no way anyone will pay R450 billion for Eskom's

Instead of trying to sell off power stations for more than they are worth, here's how Blom would like to see Eskom cut its cost. Cut off corrupt shot-term coal purchase agreements, which he says costs R40 billion a year. Shed the 35,000 extra staff at Eskom and save R31 billion a year.

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Eskom says focused on coal cost, not mine ownership

Feb 02, 2016 · Eskom has been buying coal from the Optimum Coal mine, which is being taken over by a company controlled by the Gupta family, since the beginning of the year, after letting a contract with Exxaro Resources Ltd. to supply about 20% of the Arnot power plant's coal supply expire.

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Medupi Power Station Wikipedia

Power output. Eskom has placed a contract with Exxaro to supply 14.6 MT of coal per year for 40 years. Completion of the first two units was expected by 2012 but various delays have impacted on progress. The first 794 MW unit was commissioned and handed over to Eskom Generation on 23 August 2015.

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You will pay to bail out Eskom TechCentral

Apr 19, 2014 · You will pay to bail out Eskom including R2bn paid in penalties to the mining company Exxaro under a coal supply agreement for the long-delayed Medupi power station. Kuni said that, although somebody will have to pay for Eskom's inefficiencies and cost overruns, any bailout would only be a temporary solution as South Africa is far

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A Ten-Fold growth opportunity sitting right in front of

Sep 20, 2018 · Apparently, Eskom requires at least 1.3 million tonnes of ADDITIONAL coal per month to keep its plants running. That's more than 15 million tonnes a

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Exxaro EWN

The union is threatening to 'make Eskom ungovernable' if it does not renew its contract with Exxaro. Eskom dumps coal contract with Exxaro. Mine bosses admit they can pay more.

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Cal South frican oal Report

Coal sold to 'tied mines' operations that exclusively do business with Eskom would be 6.75 mt for the 2018 financial year. This compares to guided supply of 6.89 mt and well down on actual sales to Eskom from tied mines in 2017 of some 7.4 mt. This was largely a consequence of lower production from Matla after Eskom's previous

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IEEFA Guest Commentary The Sensible Path Forward for

South Africa's national power utility, Eskom, would do well by its ratepayers and investors to decommission its older coal-fired power stations and consider curtailing construction of its controversial 4,800-megawatt Kusile Power Plant project. A study published earlier this month by my firm, Meridian Economics, explains how these interventions would save hundreds of millions of dollars []

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Tegeta is no longer able to supply Eskom with coal SABC

Apr 18, 2018 · Forced to rob Peter to pay Paul, that is the dilemma facing Eskom's executive, as they bid to avoid plunging the country into darkness yet again this winter. Tegeta Exploration and Resources, under business rescue, can no longer fulfil its multi-million rand contractual obligations of supplying the much needed coal for the necessary

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PUBLIC ENTERPRISES PORTFOLIO COMMITTEE INQUIRY

11. Exxaro has a diverse coal product portfolio. It operates in all domestic-market segments in South Africa and also exports coal to the international market. 12. Eskom is one of Exxaro's biggest customers. The coal that Exxaro supplies to Eskom generates approximately 35% of the coal-fired electricity produced by Eskom.

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BACKGROUND TO ARNOT POWER STATION COAL

Eskom concluded a contract with Tegeta to supply 1 250 000 tons of coal from April to September 2016 and have approval to extend the contract with Umsimbithi to supply 540 000 tons from June to

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Exxaro invests R3.3bn in new coal mine Fin24

In that contract, the transportation was split into 70% Eskom-contracted transporters and 30% Exxaro NBC-contracted transporters. When the contract expired, the parties entered into a six-month short-term contract, of which of the coal transportation was to be executed by Eskom.

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EXPLAINER-How South African mines cope with power cuts

It is not clear how much the industry, which consumes about 15 percent of Eskom's annual output, lost in production but the crisis sent prices of both gold and platinum to record levels and pummelled the rand.

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Mafube coal mine Wood Mackenzie

Sep 13, 2019 · Mafube is a thermal coal mine established jointly by Exxaro Resources and Anglo American. The mine is located in the Witbank Coalfield of the Mpumalanga Province, adjacent to Eskom's Arnot power station. Mafube supplies high ash (HA) thermal coal to the export market and a low-grade middling product to the Arnot power station.

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BankTrack Medupi coal power plant

The plant is being built by Eskom. Eskom is a state-owned enterprise. Established in 1923, it was corporatized from the start, being set up to run on business principles and to deliver cheap and abundance electricity primarily to mining and industry. Eskom is planning for 13,500 megawatt based on coal-fired power plants.

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Tricky Business Taking Down Old Coal Plants

Tricky Business Taking Down Old Coal Plants. A key question is what to do with them once they have shut down. Austin, Texas, is one of the hottest real-estate markets in the U.S. One of the prime new properties in the Texas capital is Seaholm, a $130 million project on some eight acres of prime downtown land, featuring residential, office,

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Eskom and Coal Suppliers on coal supply security and

Eskom's briefing focussed on the security of coal supply in the future, and concerns over the quality of coal that Eskom had been receiving. The Committee was assured that Eskom had developed a long-term strategy for response to South African energy needs which would ensure a

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Coal, a reliable and cheap energy source Bayoglu

Sep 18, 2019 · The exiting of coal majors, such Anglo American and South32 poses a risk owing to the loss of skills and capabilities to optimally run coal mines in South Africa which could place the supply of much needed coal to Eskom at risk. However, this could also provide opportunities for black-empowered industrialists to enter this space.

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Eskom Set to Shape Coal Industry for Consumers' Benefits

Eskom Set to Shape Coal Industry for Consumers' Benefits . By Matshela Koko. April 21, 2016 The South African coal industry is made up of export and domestically consumed coal totalling almost 200 million tons in the 2015/16 financial year.

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Coal Anglo American South Africa

Today the focus is firmly set upon a select group of high performing Mpumalanga-based assets for the supply of around 19 million tonnes of thermal coal a year to export markets across several continents. This shift became effective on 1 March 2018, with the sale of our Eskom-tied mines Kriel, New Denmark and New Vaal to Seriti.

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Cutting costs and unbundling All you need to know about

5 days ago · The National Assembly, meanwhile, recently agreed to a special appropriation to grant Eskom R59bn over the next two years over and above the allocated R69bn to pay interest on debt. To save costs, Eskom would be reviewing coal contracts, and government intends to meet with suppliers to review the cost structure, returns and fair price of coal.

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Coal transnetfreightrail-tfr

Specializing in the country's "black gold" (Coal), this BU accounts for over 60% of TFR's revenue. Through the domestic coal sector, the Coal BU plays a vital role in the transportation of requisite amount of coal to Eskom and other industries to generate electricity for the country.

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South Africa's crazy power plan Ramaphosa, China and

According to Eskom, the country has 200 years' worth of coal left or 55 billion tons. As reported by The Citizen, the department of mineral resources says South Africa has coal reserves of 66.7

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Who is South Africa buying electricity from?

Aug 21, 2015 · In order to avoid load shedding as much as possible, and to prevent an entire electricity grid breakdown, Eskom is buying electricity from Namibia and Mozambique. "We are currently exporting up to 200MW of electricity to South Africa," said Werner Graupe, senior manager for energy trading at NamPower (Eskom's equivalent for Namibia).

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South Africa's planned coal infrastructure expansion

South Africa's planned coal infrastructure expansion drivers, dynamics and impacts on greenhouse gas emissions JESSE BURTON AND HARALD WINKLER October 2014 Key points South Africa is planning to expand coal related infrastructure, including

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Exxaro Resources The rise of the 'digital' coal mine

Aug 29, 2018 · The coal will be transported from the mine by truck to a linear coal railway siding, which will be constructed close to Eskom's Arnot power station in Rietkuil, for export to the Richards Bay Coal Terminal. A truly digital mine . Exxaro Resources is developing the Belfast mine with a digital mindset, says Exxaro executive head for projects

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Profiling five of the top energy companies in South Africa

May 13, 2019 · Like many energy companies in South Africa, it too has felt the strain caused by Eskom's woes, and reported a 6% decline in its core earnings per share for the year ending June 2018, citing power outages from the state-owned supplier as being at fault. Exxaro

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EXXARO, ESKOM, THE GUPTAS AND TEGETA JUST

Eskom and Exxaro Resources had a 40-year contract for coal supply to the Arnot mine (near Hendrina, Mpumalanga) which ended on 31 December 2015, but according to Eskom, Exxaro couldn't deliver the deliver the agreed upon quantity and asked R900/tonne.

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Mboweni's amended strategy document on reforms kicks

2 days ago · The sale of coal assets could depending on tariff assumptions raise around R450bn enabling Eskom to possibly pay off its debt. The latest version is silent on Eskom's debt problem.

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