Sibambene Coal is a 51% black empowered South African company solely focused on investing in coal mining in South Africa.
Sibambene seeks to broaden empowerment beyond established empowerment players by facilitating the entrance of new, emerging black empowered industrialists into the South African mining sector.
Sibambene has created 12 companies that are owned mainly by black women and young people, including four community owned entities, with around 120 beneficiaries in total.
Sibambene aims to be able to offer Eskom coal at reduced prices by supplying the utility coal, at below the current average cost per ton.
Sibambene firmly believes that Eskom deserves to receive coal according to specification at low prices, which is in the country’s national interest.
Sibambene believes that supplying Eskom quality coal at a low price is a national duty for coal suppliers, as it will support government’s effort to stimulate the economy and create jobs to tackle unemployment and inequality in South Africa.