The inaugural Coal Industry Day discussion panel saw corporates coming together in Joburg last week for an in-depth look into ways to resolve power generation challenges currently plaguing the country.
Mining investment company Menar's managing director Vuslat Bayoglu, who was part of the panel, highlighted ways in which the sector could address some of its difficulties.
“Coal suppliers need to deal fairly with Eskom by seeking reasonable returns and not excessive profits. High input costs to power generation, including coal, ultimately cause higher electricity prices which are detrimental to our economy,” he said.
Bayoglu said the coal industry lacked both an industry champion and a lobby group although around 75% to 80% of electricity produced by the utility power stemmed from coal-fired power stations.