Eskom coal saga will not end quietly

2008-02-16 00:00

Johannesburg — Eskom will face a tough time at the negotiating table when it buys the 53,5 million tons (Mt) of coal it needs within the next two years to restore its almost depleted stockpiles.

Kuseni Dlamini, executive chairman of the Richards Bay Coal Terminal (RBCT), said: “It is not unlikely they will face tough negotiations when they buy the coal as the price of coal has moved significantly in the global market”.

Dlamini’s comments came after Eskom announced on Thursday that it intends buying 53,5 Mt emergency coal within the next two years to restore its stockpiles to the normal 20 days of stock at power stations.

“The announcement is good for the coal industry,” said Dlamini. “It will make some projects more bankable [as the prices must increase].”

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