Eskom chief warns against rigid coal shutdown plan
ESKOM boss Dan Marokane has pushed back against locking South Africa into hard deadlines for shutting down its coal plants, News24 reports. The online publication quoted Marokane…
Exxaro cuts renewable energy target as revises capital plans
EXXARO Resources confirmed it is reviewing its dividend policy, an outlook CEO Ben Magara first made clear last year after agreeing to buy the manganese assets of Ntsimbintle…
Eskom says SA has to suck up tariff increases
ESKOM’S application for above-inflation tariff hikes over the next three years opens the conversation about what South Africa’s national electricity utility needs to invest in to…
Mantashe says SA to burn coal “for a long time”
SOUTH African mines and energy minister Gwede Mantashe says the country will continue to burn substantial amounts of coal “for a long time”. “This belief that you can leave coal…
Kumba weighs Transnet penalties after utility failures cost firm R10bn in sales last year
KUMBA Iron Ore said it was “in discussions” with Transnet regarding financial penalties that may apply in a ‘take-or-pay’ rail contract after the state-owned utility delivered…
Eskom paid R9.7bn in take-or-pay coal penalties to Exxaro – with more to come
ESKOM paid R9.7bn in penalties in terms of a take-or-pay agreement with Exxaro Resources, according to Bloomberg News which cited a presentation by the power utility to the…