Business & Industry Eskom

BHP Billiton will fight to protect contract

BHP Billiton will go to court if necessary to protect the special payment contract with Eskom that guarantees the global resource giant cut-rate electricity for its aluminium smelters until 2028.

The revelation of its secret agreement with the national power utility has provoked a public outcry and put Eskom, whose tariffs to other consumers rise cripplingly by the year, under intense pressure to have it reviewed.

In an interview after the release of the mining company’s results this week, Xolani Mkhwanazi, who chairs the company in South Africa, warned that the biggest loser if its sweetheart deal with Eskom was terminated would be the country — not BHP Billiton. Read on BDLive >

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