SA’s coal exporters face a shrinking market
Major markets plan to rely more on their own coal production and renewable energy, posing a problem for local miners
As Thungela Resources’ CEO attempts to talk up the future of the Anglo American coal spin-off, SA’s second-largest coal export destination is planning to bring coal imports to an end.
Thungela CEO July Ndlovu recently stated that a “just transition” for developing nations requires the continued operation of existing coal-fired power plants to avoid economic damage. However, even in the unlikely event that coal power stations can remain financially sustainable amid the ongoing wave of ever-cheaper renewable energy development globally, Ndlovu misses a key point...
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