Workflow
Coal supply agreement
icon
Search documents
Keaton Mining secures coal supply agreement with Eskom
Yahoo Financeยท 2025-10-23 13:40
Core Points - Keaton Mining, a subsidiary of Keaton Energy Holdings and part of the Salungano Group, has secured a coal supply agreement with Eskom Holdings SOC for coal sourced from the Vanggatfontein Colliery in Mpumalanga, South Africa [1] - The contract is expected to last approximately five years and two months, with a total delivery of around 6.5 million tonnes of coal on an "as received basis" [2] - The Salungano Group's board views the execution of the CSA as price-sensitive, providing revenue certainty and aiding operational planning for the Vanggatfontein Colliery [3] Delivery and Operations - Deliveries under the CSA are set to commence on 1 November 2025, or at a later mutually agreed date [1] - The Vanggatfontein Colliery produces an average of 340,000 tonnes of run-of-mine coal per month, extracting from multiple seams [4] - Further details regarding the CSA will be disclosed in the Salungano Group's financial results and subsequent reports as deemed appropriate [4]