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ESWATINI SOUTH AFRICA

South African juniors still betting on coal despite stigma

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“Southern Africa: the tough path towards quitting coal”
SOUTHERN AFRICA

Southern Africa: the tough path towards quitting coal

The whole region of southern Africa, and especially South Africa, remains extremely dependent on coal mines, despite protests from environmentalists and pressure from the West in the form of billion-dollar subsidised plans to speed up the coal phase-out. The weighty state-owned Eskom, which has been embroiled in deep crisis for years, is making a tentative attempt to diversify. However, in a country where the sector's unions enjoy unparalleled influence within the state apparatus this is a daunting task. Neighbouring states are attune to this fact and are launching new projects to supply the regional giant's power plants. [...]
With the purchase of a majority stake in Sable Metals, the little-known Magni Investments is taking a growing place in the South African mining landscape. At the helm is a duo of businessmen who are veterans of the country's coal sector. [...] (398 words)
Published on 29/11/2021 at 05:00 GMT Reading time 2 minutes
Mining

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Mining

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