Eskom Calls Forced Majeure

In the short term this will not help TER at all, the newly acquired UNV assets may well completely stall if the lockdown in SA goes on any further. There will be a glut in the market even after lockdowns lift worldwide. Unfortunately the new TER assets basically solely provide Eskom, so this will hit those assets hard.

I recall seeing that TER wanted to market the SA mine product to the export market, cannot find that in an ASX announcement, though I recall something of the like. This would have the potential to keep the SA assets afloat, though the TER marketing team likely have not been given enough time to work their magic.

https://www.mining.com/web/wescoal-says-eskom-declares-force-majeure-on-coal-supply-agreements/