10c, page-47

ahh fair enough jm, in that case inflation is better than nothing. Hmm they had locked in profit margins, so I assume this is due to inflation adjustments being locked in, so assuming they contain their own costs, natural inflation adjustments should maintain the profit. I was under the impression perhaps they could participate in international coal price upside, but i guess the flipside is being protected from downside risks.

I'm curious though as to how Eskom prices currently compare to the international thermal coal and coking coal prices.

I would hope future contracts have more exposure to international prices though given they're in the doldrums, and there's a chance for the sector to recover in the coming years?