Company expects wholesale prices to continue to decrease in 2021

Company’s income surpassed INR 1 thousand crore during that same time period

Production fell below 150 million tons during this time period

Company blames major temporary tax increases for its reduced revenues

Over ZAR 200 billion to be invested in the energy utility

2019/20’s expenditures surpassed INR 1 thousand crore

PRB shipments fell below 30 million tons

Reduced volumes contributed to the downward trend

Discounts are planned for production started ahead of schedule

Carbon Tracker estimates an over EUR 300 million negative impact on the group’s 2020 revenues

E.U diplomats had feared the proposal would be a coal phase-out initiative

Fund was created in 2018 to support the company during troubling times

Rates are now below USD 40 per ton

Over USD 300 million costs to be divided between utility investors and consumers

Company’s three subsidiaries expect to buy back their equity shares through a tender offer

Met and thermal coal prices have decreased since May 2019

Site’s development was refused in September 2019

Thermal coal was undervalued by around USD 30

Lower investments fall in line with the bank’s Credit and Market Risk Committee plan

The country continues to phase out tax exemption to fossil fuels