Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
Wescoal commits to black holding company control to qualify for Eskom’s business.
A locally developed materials handling system ‘takes to the skies’.
And, the coal price slide is hitting miners and rail group Transnet.
Coal mining and trading company Wescoal has committed to being more than 50% owned by black shareholders before December 2016 to qualify for long-term coal business from State power utility Eskom.
Wescoal acting CEO Waheed Sulaiman
Local transport technology company Milotek’s Futran system is “truly revolutionary”, as it provides a new method of transporting commodities and, potentially, also people.
Milotek CEO Andries Louw
The sharp decline in coal prices since 2011 has resulted in several mines becoming only marginally profitable.
Transnet group commercial GM Divyesh Kalan
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