Coal's Future in South Africa Faces Uncertainty

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Researched by Industrial Info Resources (Sugar Land, Texas)--Coal is a key of South Africa's economy; the sector employs around 100,000 people and accounts for 80% of the country's electricity production. However, South Africa is attempting to transition to net-zero emissions by 2050, making the future for coal in the country uncertain.

Other headwinds are coming from European nations, as they are ready to introduce a carbon tax on coal imports, which will surely make a huge impact on a nation like South Africa, where coal exports are important.

Industrial Info is tracking 49 coal mining projects in South Africa, worth more than US$6 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for the reports. Examples of potential projects include a grassroot coal mine in Kriel by Anglo American plc (London, England), which will include both an open pit and underground operation. Subscribers can click here for more details.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).