Masama coal project targets export market
Tuesday, May 09, 2017
The company’s directors are adamant that the project, which seeks to produce 2.4 million tonnes per annum for the export market, would be a success.
Minergy chief executive officer, Andre Boje told Mmegi Business that the current price of international seaborne thermal coal is around $80 per tonne, noting that South African prices are significantly higher than this at around R1,000 per tonne, which makes it a viable project.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...