Chamber of Mines slams Eskom’s proposal for pact to cap coal prices

Business Report 29 November 2012.

he Chamber of Mines has warned that the proposal for a “country pact” to regulate the pricing of coal provided to Eskom, made on Tuesday by Eskom chief executive Brian Dames, would be detrimental to economic growth.

Bheki Sibiya, the chief executive of the chamber, was responding to a report in Business Day, which said Dames had given an undertaking in Parliament that if coal producers made a written commitment to provide Eskom with sufficient quality coal, and to keep price rises in line with inflation, the parastatal would adjust its application for tariff increases…

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