Exxaro to remain on decarbonisation path despite coal-price boom
Exxaro wants to explore an offer by Eskom that will provide private firms the chance to develop renewable energy projects on land owned by the utility in Mpumalanga
07 March 2022 - 16:46
It has been a good year for dirty energy as supply-side challenges, coupled with strong demand, set coal and oil prices on an upwards trajectory even before Russia’s invasion of Ukraine, which has led to further strengthening of energy prices over the past two weeks.
Since the start of 2022, the price of Brent crude has increased from about $78/barrel to $130 and coal prices have leapt from about $130 per tonne to $400. The high coal price has been a saving grace for SA coal miners, who battled to match export volumes from previous years due to ongoing troubles at the state-owned rail company Transnet...
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.