Exxaro Withdraws Force
Majeure on Coal Contracts
South African coal company Exxaro Resources
said utility company Eskom has
lifted the force majeure on coal supply
contracts to the state-owned utility’s
Medupi and Matimba power stations, as
reported by Reuters. Eskom issued letters
for force majeure on the coal supply
agreements with Exxaro’s unit starting
April 16 until one month after a national
lockdown to slow the spread of the coronavirus
pandemic had been lifted.
“As Eskom has been taking coal in
accordance with the terms of the supply
agreements, the impact of the force
majeure event has been largely neutralized,”
Exxaro, one of Eskom’s main coal
suppliers, said.
As featured in Womp 2020 Vol 09 - www.womp-int.com