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06
Coal is here to stay
Coal currently fuels 41 % of the world ’ s electricity , with usage expected to remain at similar levels over the next 30 years . With prices on the rise and a high demand for coal in southern Africa , coal cannot be not overlooked in the increasing competitive energies market . Coal is here to stay for the foreseeable future . There is high demand and it is likely to remain the most affordable fuel for power generation in many developing and industrialized countries for decades .
Years of little or no investment in new coal projects has limited supply , yet demand for coal in the southern African region continues to increase . The API4 index price for seaborne thermal coal for export has risen considerably , currently trading at $ 97 per tonne , an increase of 98 % from 2016 . Although prices are expected to steady to around $ 80 per tonne in the next five years , there are significant growth and investment opportunities in the industry . Andre Boje , CEO of Minergy Limited
NOVEMBER 2018