South Africa Coal Reserves Could Be R...

South Africa Coal Reserves Could Be Ring-Fenced by Export Levy

Posted in the Mining Forum

Since: Sep 12

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#1 Sep 4, 2012
South Africa may look to impose a coal export levy to ensure the country has adequate supplies of thermal coal for power generation, in a bid to stave off a repeat of the electricity crisis of 2008 which resulted in mass blackouts.

It could be a worrying sign for South Africa’s coal industry which has increasingly sought to gain a slice of the lucrative export market where higher steam coal prices can be attained.

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