South32 battles red tape over Eskom contracts
Businesses could fail if renegotiations continue to stall at Treasury and Nersa
05 February 2020 - 10:24
As SA’s power crisis deepens, two of South32’s SA businesses — one a critical supplier to Eskom and the other a major power consumer — face the risk of failure as their new contracts remain stuck in administrative limbo.
Speaking to the FM on the sidelines of the Investing in African Mining Indaba on Wednesday, South32 CFO Mike Fraser says the multinational mining company is waiting for the outcome on a renegotiated contract with Eskom for the supply of coal to Duvha power station, as well as a new power supply contract for its Hillside aluminium smelter...
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.