Anglo American South Africa warns against coal export ban

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Johannesburg, 07/03/2012 (abc) The global mining group Anglo American struggles against the envisaged measures of the government in the Cape

As the mining company announced that it had set out the South African parliament's point of view regarding a restriction on exports of black energy carrier. These concerns include the fear of the group that such restrictions could certainly lead to a slowdown in investment activity pages of foreign companies in the sector. This would lead to impairment and reduction of production figures in the country, which would then feel the local power company Eskom to price and supply of coal. There is enough coal in South Africa available for both the domestic power generation, as well as for export.



South Africa wants to make coal a state-protected resource

The parliament of the country's plans to declare at a coal in South Africa strategically important raw materials. This would regulate the sale of coal. It is feared that increasing exports could contact by rising prices and shortages to the detriment of the domestic energy industry.