Eskom has agreed to pay a higher price for coal for its Duvha Power Station.
This will pave the way of
sale of South32 SA Energy Coal to Seriti Resources.
Since 2019, the coal miner has claimed that it was selling coal to Eskom below its cost of mining.
Eskom has approved a higher coal price supply the Duvha power station in Mpumalanga.
This will help pave the way for the sale of South32's SA Energy Coal (SAEC) to black-owned Seriti Resources.
SA Energy Coal, which is majority-owned by Australia-based South32, runs four collieries and three processing plants in eMalahleni (previously known as Witbank) and Middelburg.