Report Summary Examining the Current Status & Scenario Wise Anticipated Developments Till 2022 + Project Tracker of Upcoming Coal Mines in Botswana, Mozambique and South Africa
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The local coal demand of South Africa is growing rapidly. But to satiate the increasing demand there exists a gap in the domestic availability of the same. Lack of investment is preventing the South African coal industry from capitalising on a period of relatively stable demand for thermal and metallurgical coal locally and abroad for sometime now. Also, the domestic demand-supply gap has lead to increase in the local price of coal and is moving towards parity with the export prices. It is significant to note that the price of coal having an average size of 6 mm ×25 mm has increased from R 796/tonnes in 2016 to R 1129/tonnes in 2018.
South Africa is among the largest coal producing nations across the globe and is a net exporter too. The country accounts close to 7% of total world’s steam coal exports in 2017. Over the past decade a certain shift has been in the coal consumption patterns across the globe. As many of the developed countries have switched coal with the clean fuels for generating electricity and many of them are in the process of doing the same, there have emerged new markets. Given the change witnessed in the demand centers,along with Indonesia and Australia, South Africa is shifting directions from Europe toward Asia, with India accounting for 70% of its exports to Asia in 2017. Further, it is expected that South Africa shall play a major role in fulfilling Asia’s coal demand, with a projection of 56 MMT steam coal exports to the Asian countries by 2020.
Key Queries Resolved
BUSINESS CASE FOR AFRICAN COAL MARKET
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