South32 says deal with Seriti at risk unless Eskom agrees to raise coal price to Duvha

Graham Kerr, CEO, South32

SOUTH32 CEO, Graham Kerr, has again emphasised the need for a positive outcome to the negotiations underway with Eskom over the “hardship clause” regarding the supply of coal from the group’s Wolvekrans-Middelburg Colliery to Duvha power station.

Speaking on a media conference call following release of the group’s results for the six months to end-December, Kerr also stressed that a positive outcome from these talks was crucial for the success of the deal through which South32 was selling its South African Energy Coal (SAEC) assets to Mike Teke’s Seriti group.

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