The future doesn’t look bright for coal
Moves by China, India, Japan and South Korea to end imports of coal bodes ill for the SA industry
05 November 2020 - 15:38
Resource Generation’s proposed but long-delayed Boikarabelo coal mine in SA’s Waterberg Coalfield has hit trouble after a member of its funding consortium pulled out.
According to a company release to the Johannesburg and Australian stock exchanges, the Industrial Development Corporation has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal Project would operate have deteriorated materially”. ..
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