Eskom approves higher Duvha coal price, facilitating South32 mine sale to Seriti

State-owned electricity producer Eskom confirmed on Monday that the Duvha coal supply agreement (CSA) had been increased to facilitate the sale of South32’s majority shareholding in South32 SA Energy Coal Holdings (SAEC) to black-owned resources group Seriti. The utility also announced that the CSA modification, which had attracted much criticism in recent months, had also been approved by the National Treasury on May 1.