A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Anglo sells South African coal assets
Just a few years ago South Africa's coal industry was on the up and up, shrugging off the malaise affecting the industry elsewhere. Now, many producers face closure in a stunning reversal of fortunes. As coal mines closed in the US, the UK and elsewhere, South Africa's mines appeared to thrive. The world's sixth largest exporter, the country's mines were however geared mostly toward a single local customer -- state electricity utility Eskom. Only a third of South Africa's coal is shipped abroad. The rest is sent to a fleet of local power plants, mostly in Mpumalanga province to the east of the country. More than 96% of Eskom's electricity came from coal. For producers such as Anglo American, BHP Billiton, Xstrata and others, it was a sweet deal with a guaranteed customer. According to Statistics South Africa, coal mining contributed approximately $3 billion to the economy in 1993, with gold contributing $8.5 billion.
Anglo sells South African coal assets
Just a few years ago South Africa's coal industry was on the up and up, shrugging off the malaise affecting the industry elsewhere. Now, many producers face closure in a stunning reversal of fortunes. As coal mines closed in the US, the UK and elsewhere, South Africa's mines appeared to thrive. The world's sixth largest exporter, the country's mines were however geared mostly toward a single local customer -- state electricity utility Eskom. Only a third of South Africa's coal is shipped abroad. The rest is sent to a fleet of local power plants, mostly in Mpumalanga province to the east of the country. More than 96% of Eskom's electricity came from coal. For producers such as Anglo American, BHP Billiton, Xstrata and others, it was a sweet deal with a guaranteed customer. According to Statistics South Africa, coal mining contributed approximately $3 billion to the economy in 1993, with gold contributing $8.5 billion.
Anglo sells South African coal assets
2017
Article (Journal)
English
Cliffs sells remaining U.S. coal assets
Online Contents | 2016
Online Contents | 2015
Anglo American sells two Chilean copper mines
Online Contents | 2015
Anglo Sells Union Mine to Siyanda Resources
Online Contents | 2017
Escada Beaute Group sells assets to Wella
British Library Online Contents | 2002