Weekly SA Coal Report
It was a volatile week in coal and European gas markets once more. However, SA coal prices ended up around $2 on the week, with ZAR prices further helped by a steadily weakening Rand.
European gas prices have skyrocketed recently, putting several UK energy suppliers into liquidation, as they fail to manage their price risk.
With most banks now having committed to ending funding for new coal mines by 2026, and a potential deal in the making for Eskom to accelerate its closures of coal-fired stations, the race between demand destruction and coal supply curtailment in South Africa looks like becoming a close-run thing. We will have to see if politicians and bankers, eager for headlines at COP-26, can strike a renewables funding deal with Eskom in time.
Meanwhile, there is a huge amount of talk around a Just Transition in Mpumalanga, with thousands of low-skilled coal jobs at risk. Surely, the only answer is for thousands of community growers and agri-processing to take over. In that regard, we will shortly be introducing various other energy and agri price indices.
In international markets, China is ramping up coal output once more from a 2 year low in July, as several mines are re-opened and new ones approved, to ensure supply and try to contain high prices.
Meanwhile, Coal India is only now considering raising domestic prices of Indian coal, as global markets peak.
In the US, both Appalachian and PRB coal have recently seen increased demand as several domestic utilities such as SWEPCO have relied more on coal again, amidst high gas prices and intermittent generation from renewables experiencing more frequent and intense weather events.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
