Connect with us

Hi, what are you looking for?

Business News

Anglo American to sell Eskom-tied coal operations

Anglo American

Anglo American has agreed to sell its Eskom-linked coal-mines for R2.3-billion.

The mines will be taken over by Seriti Resources.

The black-owned company is set to become the second-largest supplier of coal to Eskom once the deal is concluded.

Anglo American

The move was prompted by Eskom’s demand for more coal to be supplied by majority black-owned companies.

This is also part of Anglo’s strategy to dispose of assets in order to reduce debt.

The power utility currently generates more than 90-percent of its electricity from the burning of coal.

Are you looking for a new job?

Are you unemployed and want a new job? Or maybe you have a job already and want to find greener pastures? We have all these amazing Job Listings just for you. Take a look and find that amazing Job Today.  – See All Listings

You May Also Like

Mzansi Celebs

15 More Pictures of Zodwa Wabantu that shows SHE NEVER WEAR PANT!ES #ZodwaWabantu #Punani on Display everyday when Zodwa is there… She is still...

Mzansi Celebs

20 Random Pictures of Zodwa Wabantu with NO-PANT!ES DANCING SHOWING OFF #PUNANI… This woman is on DEMAND from all corners of Social Media so...

Zodwa Wabantu

10 New Pictures of Zodwa Wabantu showing off #Punani #NO-PANT!ES… The Mzansi Dancer is not stopping… She increased her price for booking and still...

Mzansi Celebs

THANDO LANGA EXPOSES HER #PUN@NI ON HER INSTAGRAM ACCOUNT: PICTURES.CLICK NEXT TO SEE MORE PICTURES PICTURE 1   PICTURE 2   PICTURE 3  ...

Copyright © 2020 ZoxPress Theme. Theme by MVP Themes, powered by WordPress.