South Africa’s Eskom to meet coal supplier over drop in black ownership
JOHANNESBURG – South Africa’s state-owned power producer Eskom will meet with Exxaro Resources after the coal producer approved a transaction that will see its black ownership drop to 30% from over 50%, the utility said on Wednesday. The diversified miner said in November it planned to replace its existing ownership structure through a share buyback process that would dilute its black ownership. The […]
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