ESKOM HOLDINGS SOC LIMITED - Eskom confirms status of Optimum Coal Mine

Eskom confirms status of Optimum Coal Mine

ESKOM HOLDINGS SOC LTD

JSE CODE: BIESKM

DATE: 23 FEBRUARY 2018



MEDIA STATEMENT




Eskom confirms status of Optimum Coal Mine

Optimum coal mine that supplies Hendrina Power Station in Mpumalanga informed
Eskom that they have commenced with business rescue proceedings on Monday 19
February.


Eskom has fully complied with its contractual obligations to Optimum Colliery.


In January 2018 Optimum Coal Mine failed to meet its contractual deliveries to
Hendrina Power Station. This has led to Eskom imposing a failure to supply penalty.
The penalty amount exceeded the invoice amount from Optimum coal mine.


Coal has not been delivered to Eskom since workers at the mine downed their tools
yesterday, 22 February 2018. In mitigation, Eskom has diverted coal from other
mines to supply Hendrina Power Station.


Eskom will continue to focus on the energy availability of the rest of the fleet to
ensure reliability of supply.



ENDS
Issued by: Eskom Media Desk

Tel:      +27 11 800 3304/3343/3378

Fax:      086 664 7699

Email:    mediadesk@eskom.co.za

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