Prevost urges coal producers to focus on local demand

South African coal producers should focus on supplying local industries and State-owned power utility Eskom, given the changing and uncertain export environment, XMP Consulting senior coal analyst Xavier Prevost said on Wednesday. Speaking at the inaugural Coal Industry Day hosted by Resources 4 Africa at the Johannesburg Country Club, he pointed out that both China and India – the latter of which buys about 46% of South Africa’s coal exports – plan to reduce their coal import volumes.