South African mines save millions of rands by kissing Eskom goodbye

• South African mines are accelerating investment in renewable energy to meet decarbonisation targets and cut costs, marking a shift away from reliance on Eskom.
• The country currently generates 80% of its power from coal, with renewables accounting for only 10%, and mining firms like Anglo American and Sibanye Stillwater are diversifying their power sources.
• The shift towards renewable energy is expected to bring cost savings, with executives estimating that renewable power can cost 20-30% less than forecast Eskom tariffs, although Eskom will remain crucial for baseload power in the foreseeable future.