South Africa’s power utility plans to transfer assets at coal mines it helped to pay for onto its own balance sheet, which will involve a “painful process” of discussions with companies including Anglo American and Exxaro Resources, an executive said.
Lawyers for Eskom, South Africa’s biggest coal buyer, reviewed coal mines in the country and concluded the utility has “substantial” assets, Matshela Koko, executive head of generation, said after the Johannesburg-based utility’s full-year earnings presentation on Tuesday.
