Related Articles
Top Stories
May 23 2012 09:47
Western investors must realise SA does not need their money as it can now turn to fellow Brics members for funding, says ANC secretary general Gwede Mantashe.
May 23 2012 18:03
Facebook and banks are being sued by Facebook's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its initial public offering.
May 23 2012 08:10
Several parties, including government, have launched a Constitutional Court appeal against an interdict temporarily halting the e-toll project, Outa says.
Johannesburg - Eskom denies that its amendment of the coal-supply contract for the Medupi power station will mean the delayed completion of this important plant.
Exxaro, the mining group that will supply Medupi with 14.6m tons of coal a year, announced on Tuesday that the first planned shipment of coal was being deferred by six months.
This deferral is part of a broad review of the contract - including the price of coal.
Eskom is now asking that Medupi receive its initial coal in the first half of 2012, rather than in the final quarter of 2011.
The agreement with Exxaro is being amended as part of an overarching review of all the power utility's input costs with a view to saving costs, Eskom told Sake 24 by email.
Exxaro has however already suspended financing the mine and postponed capital expenditure while it is re-negotiating its contract with Eskom to end-February.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.