Eskom must take tough stance against Exxaro - NUM

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Cape Town - The National Union of Mineworkers (NUM) has expressed its dismay at the move by Exxaro [JSE:EXX] to transform itself from a black-owned company to a black-empowered one.

The union was responding in a statement on Monday to a squabble between Eskom and Exxaro after it announced plans to reduce its black ownership from 50% to 30%.

Eskom's coal procurement policy requires all the mines that supply coal to its power stations to have a black ownership target of more than 50% throughout the life of the mine.

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