From Creamer Media in Johannesburg, this is the Real Economy Report.
Although coal miner Exxaro acknowledges its contribution toward climate change, it also stresses that coal from already-established coal mines need to be capitalised upon to form the foundation of a new and future-sustainable business.
Creamer Media’s Donna Slater reports that simply closing current coal mines, such as the Lephalale Grootegeluk mine, would result in large-scale regional job losses and the inability for Eskom to produce power from its baseload coal-fired generation fleet.
As a prelude and financial impetus to build a more sustainable and less carbon intensive business, Exxaro has establish a new business strategy that relies on extracting the most from its current mines.
Exxaro stakeholder affairs executive head Mzila Mthenjane explains how the company intends to implement its new strategy
Exxaro stakeholder affairs executive head Mzila Mthenjane
Specifically, at its Limpopo-based Grootegeluk coal mine, Exxaro planning and optimisation manager Tommie Richards details how the miner is undertaking operations in a cost-effective manner.
Exxaro planning and optimisation manager Tommie Richards
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy. Don’t forget to listen to the audio version of our Engineering News daily email newsletter.