COAL
Top South African coal analyst Xavier Prevost has come out in strong support of power utility Eskom buying coal previously exported from Glencore’s Optimum colliery, which is earmarked for closure. XMP Consulting’s Prevost told Creamer Media’s Mining Weekly Online that selling appropriately priced coal to Eskom at the specification required made a lot of sense and would also de-risk the jobs of 1 000 employees and 500 contractors.
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