The Scramble for Coal – White Monopoly Capitalists’ 40-YEAR Contracts with Eskom

File photo: Ian LandsbergFile photo: Ian Landsberg
File photo: Ian Landsberg

File photo: Ian Lands berg

White Monopoly Capital is fighting tooth-and-nail to secure its stake in the coal mining industry and to ensure long-term contracts with Eskom, most of which run for 40 years, are intact.

These are some of Eskom’s coal suppliers. Eskom would not disclose the value of these contracts as they maintain it’s confidential information. So much for the transparency in a public institution… 

In 2015, Fin24.com published a list of 27 coal suppliers to Eskom.

“The 27 companies named by the minister as suppliers were: Liketh Investments; Umcebo Mining; HCI Khusela Coal; Sudor Coal; Stuart Coal; Exxaro Coal; Keaton Mining; Kuyasa Mining; Shanduka Coal, whose interests held by Deputy President Cyril Ramaphosa are now held in a blind trust; Ntshovelo Mining Resources; Just Coal CC; African Exploration Mining & Finance Corporation, which is a state-owned mining company; Wescoal Mining; Hlagisa Mining; Perisat Investments; Universal Coal Development; Vunene; Optimum Coal Holdings; Iyanga; Lurco Coal; Anglo American Thermal Coal SA (Pty) Ltd; Anglo American Inyosi Coal; Becsa (BHP Billiton Energy Coal South Africa); BHP Billiton; Optimum Coal Holdings; Anglo/Exxaro JV; and Xstrata/African Rainbow Minerals JV, which has an interest by billionaire Patrice Motsepe.”

Below is the list of companies with long-term contracts with Eskom

BHB Billiton (now South32)
· Middleburg Mine Services contract: 40 years, ending 2034
· Khutala Colliery contract: 40 years, ending 2033

Anglo American includes Anglo Inyosi Coal part owned by the Women’s Development Bank Investment Holdings.

· Kriel Colliery contract: 40 years, ending 2019
· New Vaal Colliery contract: 40 years, ending 2029
· New Denmark Colliery: 40 years, ending 2029

Exarro
· Matla Colliery contract: 40 years, ending 2023
· Grootegeluk Colliery contract (Medupi): 50 years, ending 2057
· Grootegeluk Colliery contract (Matimba): 40 years, ending 2038

Shanduka Coal
· Graspan Colliery contract: 8 years, ending 2018

5 Comments on "The Scramble for Coal – White Monopoly Capitalists’ 40-YEAR Contracts with Eskom"

  1. (Ichobad)
    This is day light robbery. Why the PP does not investigate only Guptas can be investigated.

  2. I can see all the BEE beneficiaries and their WMC mission to collapse then the state.Why are they doing this to the poor of the poorest ???????

  3. “The master planners devised the strategy of a merger – a Great Merger – among nations.
    But before such a merger can be consummated, and the United States becomes just another province in a New World Order, there must at least be the semblance of parity among the senior partners in the deal. How does one make the nations of the world more nearly equal? The Insiders determined that a two-prong approach was needed; use American money and know-how to build up your competitors, while at the same time use every devious strategy you can devise to weaken and impoverish this country. The goal is not to bankrupt the United States. Rather, it is to reduce our productive might, and therefore our standard of living, to the meager subsistence level of the socialized nations of the world.
    The plan is not to bring the standard of living in less developed countries up to our level, but to bring ours down to meet theirs coming up… It is your standard of living which must be sacrificed on the altar of the New World Order.”

    Gary Allen in his book “The Rockefeller File”

  4. This is crazy…. I am sitting here reading all this and I have only one question in mind: Will we ever achieve economic liberation in this country. Also I have noticed that the majority of black ppl have no information about these things. How can we make these public… How can we teach out people about these issues?

  5. The battle of the soul of eskom will never end for as long as these unholy business interests persists
    What troubles me is how can treasury have allowed such glaring animality ,particularly when public
    Entities are being raped by these conglomerates. The new ANC leadership need to think out of the box,
    Consider lobbying PIC to own Stratergic natural resources companies including interests within SAA

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