“I don’t believe for one moment this is linked to some of the higher level issues of relationships between China and the rest of the world.” - Mackenzie
According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.
The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.
CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
While South Africa has suffered electricity shortages for more than a decade, the utility is at a crisis point and is seen as the biggest threat to the economy.