Mining News

Eskom CEO sees end to crisis in shift from coal

South African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Reuters. Eskom has implemented power cuts for more than a decade in Africa’s most industrialised nation that have held back economic growth and deterred investment. It has roughly R400-billion of debt that it services through regular government bailouts.

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