Coal is now the emperor with no clothes
Only a few elites and some junior miners benefit from perpetuating lies about the cheap cost of using coal and its reliability over renewable energy
The coal mining industry lives in a parallel universe where coal’s future is bright and will be mined for more than another century. China, India and countries in South East Asia and the rest of Africa will import millions of tons of coal from SA until at least 2040.
In the coal universe, coal remains the cheapest energy source. Coal guru Xavier Prévost recently told Moneyweb that the “many other sources of energy in the country … will never be able to compete with coal in price and reliability of supply”. In the coal universe, renewable energy is “intermittent” and unable to provide “base load”...