Seriti bets on long-term reliance on coal for SA
CEO says coal producer is not an environmental denialist and alternatives will need to be phased in gradually
Seriti Resources, poised to become Africa’s second-biggest coal producer, is betting that SA will rely on coal for decades even as Africa’s biggest emitter of greenhouse gases implements carbon taxes and is under pressure to improve air quality.
The most-industrialised economy on the continent will soon release an energy blueprint to outline the sources it will get its power from in the future. The carbon tax, designed to incentivise a move away from the coal that accounts for almost all power generation, could eventually cost state-owned power utility Eskom about R11.5bn a year...