Eskrom Reaches Confidential Deal with XStrata and Glencore, Withdraws its Competition Tribunal intervention.

Mining Weekly reported that Eskrom has reached a confidential agreement with Xstrata and Glencore to ensure that the newly merged company doesn’t monopolize the coal market.

As quoted in the market report:

These conditions, Eskom argued, were necessary to ensure that the new coal-mining entity did not use its new market power in a way that led to insecurity of coal supply and a migration in prices to an export-parity level.

To view the whole Mining Weekly report, click here.