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Media Room

Glencore refutes Molefe's State capture inquiry testimony

Diversified miner Glencore says the suggestion that it had involved President Cyril Ramaphosa, who used to be the chairperson of the Optimum coal mine, in the acquisition of Optimum Coal Holdings (OCH) with a view to, or with the expectation of leveraging his influence to achieve amendments to OCH's coal supply agreement (CSA) with power utility Eskom is "false and baseless&#34

Weekly Coal Index Report

Even as US coal production continues to slide, and domestic consumption is cut, it emerged that the United States was the major beneficiary of China’s ban on Australian coal imports from the fourth quarter of 2020. This was arguably more for coking coal than thermal coal, but it’s interesting to see the US play its traditional swing supplier role once more, along with Canada and Russia.

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