ESKOM is indexed for inflation/costs and our costs are in Rand and rev paid in Rand. Neutral.
Export US$ denominated (index API-14) costs in Rand….so overall the RAND provides a v modest cushioning effect. nothing huge on either side.
key is low-cost production due to shallow, low strip OPit operations, single handling, new and reliable processing circuit and good seam widths and high yields.
its actually all very simple, low cost mines make money, high cost ones go bust. in coal space or any other material for that matter.
we are the former.
UNV Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
