So how are CZA's coal assets in the Waterberg going.
Otherwise I don't disagree at all.
Grootegeluk in the Waterberg is not producing enough coal and is about 2 million tonnes pa short on supply to Eskom' local power station.
If RES can produce they can supply the 2 million tonnes, and with 30% coking coal from production that would mean 600 Kt of coking coal for export.
If someone else supplies then RES will have to wait until completion of the second local powerstation in another couple of years.
No Brainer really.
But happy to have people rip my argument apart and tell me I am full of the proverbial. DYOR
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