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Tag Archives: Finance

Govt unveils ‘radical’ plan to reshape SA coal

David McKay | Mon, 10 Dec 2012 15:18 [miningmx.com] – SOUTH Africa’s domestic coal mining sector was set to undergo a radical, “game-changing” restructuring, according to the South African government which added that “urgent steps” were needed to secure up to 2.1 billion tonnes (Bt) of thermal coal supplies for Eskom, the state-owned utility company. […]

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Eskom must procure 50% of coal from black miners by 2018, says Gigaba

Linda Ensor | Wed, 15 May 2013 12:40 [bdlive.co.za] – PUBLIC Enterprises Minister Malusi Gigaba is driving a process to establish a Mine Development Fund to finance the development of coal mines, mainly at the early exploration stage. The minister said in his budget vote speech in an extended committee of the National Assembly on Tuesday […]

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Eskom faces test financing junior coal plan

David McKay | Thu, 04 Apr 2013 12:24 [miningmx.com] – A PROPOSAL by Eskom and the public enterprises department (DPE) last year to stimulate South Africa’s junior coal industry by injecting capital into the junior market may find private sector participation lacking. According to Malusi Gigaba, public enterprises minister, the private sector had been “generally […]

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