Eskom-supplier South32 seeks clarity on lockdown
The miner has withdrawn its guidance for 2020 for its SA operations and will update the market when further information is available
24 March 2020 - 09:20
South32, a supplier of coal to Eskom, has withdrawn its market guidance as it seeks clarity on the effect of the nationwide shutdown on its SA operations.
“South32 understands that businesses essential for the maintenance of power generation in SA are exempt from the lockdown,” the diversified miner said in a statement on Tuesday morning. “We will work with the government to determine the impact of this exemption on our SA Energy Coal and SA aluminium operations, given the role they play in the sustainability of Eskom’s generation network.”..
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