Australian thermal coal exports to China amounted to some $4 billion during 2019, with another $10 billion in coking coal. According to export data, South Africa shipped 1.25 million metric tons (mt) of coal to China in February, up from zero in February 2020 and 330,000 mt in January.
Which companies supply Eskom coal?
Mr Norman Mbazima (Anglo American Thermal Coal) said that 61% of their coal was supplied to Eskom, and that business with Eskom was their core business. Anglo American Thermal Coal had long-term contracts to Eskom and they met all requirements of these.
Does South Africa export coal to China?
South African flows to China only resumed late last year following a five-year hiatus as Chinese importers looked for alternatives to Australian coal amid trade tensions. … Customs data shows that South Africa exported as much as 13.4mn t to China in 2013, 17.5pc of annual RBCT exports.
Where is the most coal found in South Africa?
The majority of coal comes from the Witbank and Highveld coalfields, which together account for about 75% of South Africa’s production.
How much is a ton of coal in South Africa?
Coal, South African export price Monthly Price – US Dollars per Metric Ton
|Oct 2019||67.44||9.89 %|
|Nov 2019||73.62||9.16 %|
|Dec 2019||76.03||3.27 %|
|Jan 2020||82.09||7.97 %|
What is the main use of coal in South Africa?
South Africa’s indigenous energy resource base is dominated by coal. Internationally, coal is the most widely used primary fuel, accounting for about 36 percent of the total fuel consumption of the world’s electricity production. About 77 percent of South Africa’s primary energy needs are provided by coal.
How much does Eskom pay for coal?
At the revised price Eskom, which is technically bankrupt, will pay R4bn more for the 30-million tonnes of coal it will receive from Seriti over the coming four years. At the new price of R550 a tonne, the utility will pay R16. 5bn for the coal.