Emerging miners show interest in Eskom RFI
JOHANNESBURG (miningweekly.com) – Power utility Eskom had, by Friday, seen some interest in the request for information (RFI) it had issued on January 16 to gain a better understanding of the market of black-owned emerging miners, traders and service providers in the coal and limestone industries.
The energy provider told Mining Weekly Online that it had been contacted by several interested parties since publishing the RFI and expected additional material submissions during the course of next week.
The RFI formed part of Eskom’s Coal Supply Strategy to increase its procurement spend on black-owned entities and to transform the parastatal’s procurement profile in the mining industry by developing and increasing the participation of emerging players in the coal and limestone sectors.
It hoped that responses to the RFI would assist it in developing an improved understanding of its target market.
“This includes emerging miners in possession of prospecting or mining rights, emerging traders who have already entered into offtake agreements and service providers to the mining industry, such as exploration drillers,” it said.
Eskom added that it intended to support greater black ownership and participation in the coal and limestone industries through the development of a mine development fund, the use of coal trading as an option to secure coal resources and enhance transformation and the consolidation of smaller black-owned mining resources for development.
Mining Weekly Online reported in December that there were 33 black economic-empowered coal mines in South Africa, with emerging miners accounting for some 17% of Eskom's total coal spend of R28-billion a year.
At the time, Eskom acting chairperson Collin Matjila said Eskom was looking to procure “no less than a billion tons-plus” of coal from emerging black coal miners in the next 40 years.
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