https://www.miningweekly.com

Arnot Opco enters into coal supply agreement with Eskom

12th August 2021

By: Donna Slater

Features Managing Editor and Chief Photographer

     

Font size: - +

JSE-listed coal miner Wescoal reports that Arnot Opco, in which it holds a 50% stake, has entered into a long-term coal supply agreement (CSA) with State-owned power utility Eskom to supply coal from the Arnot mine, in Middelburg, Mpumalanga, for the next ten years.

The CSA marks the conclusion of months of negotiations with the power utility, which commenced mid-2020 following the Arnot Opco incorporation.

The initial transaction between Arnot Opco and Exxaro Coal Mpumalanga (ECM) in 2019 was heralded as “one-of-its-kind” by the South African regulatory authorities and was led by retrenched ECM Arnot mine employees, Innovators Resources in partnership with Wescoal.

Through the CSA, Arnot Opco will deliver coal to Eskom’s Arnot power station through conveyor belts, thereby reducing costs for both the power utility and the mining company.

The first delivery to Eskom is expected this year.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.07 0.847s - 128pq - 2rq
Subscribe Now