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
· Matla Colliery contract: 40 years, ending 2023
· Grootegeluk Colliery contract (Medupi): 50 years, ending 2057
· Grootegeluk Colliery contract (Matimba): 40 years, ending 2038
· Graspan Colliery contract: 8 years, ending 2018