Tons of coal exported from SA not Eskom grade says expert
Rumours spreading on social media say that there are 36 Chinese ships waiting to be loaded with South African coal at Richards Bay, while South Africans are sitting in the dark due to coal shortage.
CapeTalk's Africa Melane spoke to a mining analyst with Cadiz Business Solutions Peter Major to find out if there is any truth to the rumours.
According to Major, South Africa is exporting 77 million tons of coal per annum to Japan, China, and India.
We've been exporting 77 million tons of coal for years and there is plenty of coal for Eskom. If we say Eskom is more important than exports that's fine but which of the 77 million tons of coal do we say we going to stop exporting.Peter Major, mining analyst
It doesn't make sense that we've got a shortage of coal. For years we were the seventh largest coal reserves country in the world - so this is not a coal problem but a management problem.Peter Major, mining analyst
Major says Eskom plants are designed to use low-grade coal and most of the export coal does not fit the bill.
The majority of Eskom's power plants were designed for the coal that is right next to those power stations.Peter Major, mining analyst
It is a bit of a red herring to say that our exports are starving Eskom or we are freezing in the dark because we are exporting coal to China. That is a fallacy.Peter Major, mining analyst
To hear the rest of the conversation with Peter Major, listen below:
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