SA coal to remain on fire in 2022 even as prices drop
Operating margins will still be favourable if the export price for thermal coal drops to $100/tonne, research specialist says
The outlook SA’s coal industry remains generally positive despite increasing pressure for countries to reduce their reliance on fossil fuels and cut carbon emissions, according to African mining sector research specialists, Afriforesight.
Export prices for thermal coal are expected to decline this year after surging in the second half of 2021 amid an energy crunch, but even at lower levels the industry is expected to report higher profits, Afriforesight said in a presentation. It assumes that the global economy will continue to open and recover from the effects of the Covid-19 pandemic and related lockdowns and restrictions...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.