Transnet snubs Kumba’s overture to run lucrative SA iron ore rail line
Kumba wants to lease the line from Transnet or run it on a concession basis, and would invest in boosting its capacity and efficiency.
coal
Transnet taps private firms to run South African ports, railways
Transnet SOC Ltd. is pivoting more and more towards private partners in attempt to grow and improve its port and railway operations.
🔒 Glencore under new climate pressure over its coal cash cow
Glencore Plc has its investors questioning the climate impact of its top coal mining unit.
It’s absurd to blame De Ruyter for Eskom’s failure
The ANC would not allow De Ruyter to address deep, structural problems at Eskom and this meant the CEO’s hands were tied.
To coal or not to coal…either way SA is in trouble
Whether we immediately start investing in mass solar and wind projects, or slowly trudge along with our coal fleet, SA’s in for many dark years ahead. Hartmut Winkler takes a look at SA’s coal reliance.
Eskom latest: truck drivers arrested with stolen coal
Drivers contracted to Eskom were arrested after their trucks containing stolen coal, were apprehended by security.
🔒 South Africa backs energy plan in key step for $8.5 billion deal
The plan envisages the closure and re-purposing of coal-fired power plants owned by Eskom, so additional renewable energy can be produced.
Transnet meets unions over port and rail strikes
Transnet and labour unions will meet Wednesday in an effort to end a strike over wages that’s slowing the flow of goods in and out of SA.
🔒 Landmark $8.5 billion climate finance deal hangs in the balance
The climate finance deal was hailed as a prototype for helping other coal-dependent developing countries transition to cleaner energy sources.
🔒 Thungela – JSE’s surprise top performer still looks cheap at the price
Thungela remains “far too cheap,” even with its relatively short-life assets, said Ben Davis, a mining analyst at Liberum Capital Ltd. in London.