Mining News

South Africa seeks to end policy ambiguity delaying Eskom rescue

South Africa will soon agree on a comprehensive, unified approach to turning around Eskom Holdings, which is saddled with R402-billion in debt, according to the minister who oversees the state power utility. Eskom, which depends on coal for the bulk of its electricity generation, has subjected the country to intermittent rolling blackouts for more than a decade and accounts for about 40% of its climate-warming greenhouse gas emissions. Wide-ranging and at times conflicting suggestions for fixing the company have been flighted by the National Treasury, the energy department and the utility itself.

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