Diversified mining and marketing company Glencore is doing whatever it can to assist Eskom overcome its current coal supply issues, Glencore CEO Ivan Glasenberg has told Mining Weekly Online. “We’re looking at trucking coal and railing coal, 24 hours a day, seven days a week, to assist them on their current supply issues, and, yes, we continue to sign new contracts and work with Eskom to overcome their existing problem,” Glasenberg said.
Asked by Mining Weekly Online about the state of the company’s relationship with the new Eskom management, Glasenberg described it as being “very good”. He was speaking to the media after earlier outlining to investors how Glencore was supporting ongoing economic development in Asia through its supply of affordable, premium quality, high-energy thermal coal to that continent.
On the company’s support of South Africa’s State electricity utility, he said that Glencore was in regular discussion with Eskom, which, he said, clearly required more coal at its power stations.
The coal tonnage that Glencore would supply to Eskom in 2019 would definitely be higher than the tonnage in 2018, Glasenberg said. There were no developments to report on Glencore potentially reacquiring Optimum Coal, a supplier to Eskom which is in business rescue.
Gary Nagle, who has been based in South Africa as head of Glencore’s ferroalloy assets, will be relocating to Australia early next year following his appointment as head of coal assets. Nagle will be taking the place of Peter Freyberg, who has been appointed head of industrial mining assets, a newly created position with oversight and responsibility for all of Glencore’s mining assets. Japie Fullard replaces Nagle as head of ferroalloys and Freyberg will be relocating to Switzerland. Nagle will take over all coal operations worldwide, with Murray Houston continuing to head Glencore’s South African coal operations. Glasenberg said that Nagle would be travelling to South Africa frequently, as has been the case with Freyberg.