Eskom has finalised a memorandum of understanding MoU with Samancor Chrome and the Glencore-Merafe Chrome Venture to jointly develop a sustainable, long-term intervention for South Africas ferrochrome sector.
The MoU follows engagements on December 5 with the Minister of Electricity and Energy and organised labour, and formalises a commitment by Eskom, the two producers and government representatives to work collaboratively in addressing challenges facing the sector. A joint multi-stakeholder task team has been established and is expected to present a proposed solution within three months.
According to Eskom, the task team will prioritise developing an intervention that supports industrial competitiveness while ensuring that electricity pricing solutions do not impose additional cost burdens on other electricity customers.
