S.African govt in talks with coal miners to cut prices for cash-strapped Eskom

South Africa’s mines and energy minister on Thursday said he was in talks with coal firms that supply struggling state-owned…

South Africa’s mines and energy minister on Thursday said he was in talks with coal firms that supply struggling state-owned power utility Eskom to reduce coal prices in a bid to lower energy costs and boost the mining sector. Once the largest contributor to South Africa’s gross domestic product, mining has shrunk steadily over the last decade weighed down by higher energy costs and electricity cuts, hard-to-reach deposits, above inflation wage hikes and policy uncertainty which is deterring investment.

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