Coal has become a burning and divisive topic as the world pivots to cleaner sources of energy. While environmentalists are especially critical of its use in the energy mix, other commentators argue that it will remain a useful resource for decades to come. Business Day caught up with Vuslat Bayoglu, MD of privately owned mining investment company, Menar, to get his perspective.
What the benefits that will accrue to the surrounding community as a result of the project in terms of potential job opportunities and skills transfer and so on? We strive to operate in an optimally efficient manner through meticulous planning and management throughout the life cycle of the mine. This aids in mitigating cost inflation as much as possible.
The pressure is building on financial institutions in SA and elsewhere not to back new fossil-fuel projects. To what extent are you concerned about this emerging trend?