Coal’s head honchos agree on ‘national duty’ to help Eskom

Business

Coal’s head honchos agree on ‘national duty’ to help Eskom

‘There is more to negotiate than cost. For example, operational efficiency and better turnaround times’

Lisa Steyn

Some of Eskom’s largest coal suppliers have urged the industry to fulfil its national duty and help the utility out of its crisis – although slashing their prices is not one of the solutions on the table.

“What options do we have if we don’t help Eskom?” asked Mike Teke CEO of Seriti Resources, a major coal supplier to Eskom. “If we don’t have Eskom we don’t have a country.”

Reginald Demana, CEO of Wescoal, another Eskom supplier, said SA coal’s future is inextricably linked to the economy. “We have to talk about continued investment in coal and supporting Eskom; that is the national duty for us.”..

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