Energy traders lobby for urgent funds to avoid liquidity crisis
The European Federation of Energy Traders is petitioning for “emergency funding mechanisms” in order to prevent some traders from experiencing liquidity problems.
The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.
A Yancoal spokesman said that its Moolarben Coal complex had been directly impacted by the train derailment but that it was too early to advise of any potential impact to customers
Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.