South Africa’s climate pact to channel money to coal belt
Investment plan for a $8.8 billion pledged in climate finance will see part of the money spent in Mpumalanga, the country’s coal-mining and power plant hub.
Captive routes between mines and processing facilities have the opportunity to reduce carbon emissions and save costs through company's proprietary battery-electric technology, says CEO.
Teck is leaning toward selling only a portion of its coal business, according to mining veteran Pierre Lassonde, who is hoping to emerge the victor in a continuing auction of the company.