The future of South Africa’s heavily indebted power utility, Eskom, is considered the biggest risk not only for the coal industry but the entire country. Declaring the state monopoly too big to fail, President Cyril Ramaphosa has unveiled a series of emergency measures to save Eskom, including the unbundling of the utility to three separate businesses. On top of that, the government is also pressuring producers to lower their coal prices to Eskom. At IHS Markit’s Southern African Coal Conference, top Eskom officials, coal leaders and industry experts will provide their insight on Eskom’s future and how that could impact the coal industry.
South African President Cyril Ramaphosa’s administration recently unveiled its long-term energy policy, detailing the country’s expected energy mix for the next decade. In the so-called Integrated Resource Plan, coal’s dominance will ease with the retirement of old power plants, but the fossil fuel will still remain by far the biggest contributor to Eskom’s power stations. After 2030, renewables, nuclear and natural gas will take centre stage and coal’s phase out will begin to speed up. Top government officials, industry executives and experts will address this new government policy at IHS Markit’s Southern African Coal Conference in Cape Town, providing their insight on what this will mean for the future of South Africa’s coal industry.
Seriti Resources has reached a deal with South32 to purchase its 25 mt/y South African thermal coal assets, making the black-empowered firm the country’s second largest coal producer. With South32’s assets, Seriti could become the biggest supplier to state utility Eskom, as well as a major exporter for the first time. Seriti CEO Mike Teke will be speaking at the opening two sessions at IHS Markit’s Southern African Coal Conference in Cape Town. Hear what he has planned for South32’s assets and his outlook for his company, Eskom and the coal industry as whole in South Africa.
The Southern African Coal Report is a single source for weekly coal pricing, news, and analysis on a regional market that’s one of the world’s largest thermal exporters.
Our team of reporters has access to the top movers and shakers in the country’s coal industry – producers, traders, investors, government officials – so our supply & demand guidance is must-have. We speak directly to these stakeholders to assess the daily market price for API4 Richards Bay 6,000 kc NAR coal and other coal qualities.
Start your free trial to the Southern African Coal Report.