Korea invited to invest in coal

Sowetan Reporter

Sowetan Reporter

KwaZulu-Natal is on the verge of reviving its coal mining industry.

This emerged during KwaZulu-Natal Premier S'bu Ndebele's trade visit to South Korea yesterday.

Ndebele is leading a provincial delegation in Korea to concretise trade partnerships between the province and that country.

During the visit he urged a leading coal mining conglomerate to invest in coal mining in KwaZulu-Natal.

Ndebele met Lee Won-Gul, president and chief executive of Korea Electric Power Corporation (Kepco) in Seoul.

He invited senior Kepco managers to attend the first South African International Trade and Investment Conference and Exhibition to be held in KwaZulu-Natal next month.

"After the conference we will take you on a tour of our coal mining towns of Dundee, Vryheid and Newcastle,

"These towns have coal deposits for at least the next 40 years, with a rail link to the Richards Bay Harbour, which is the second largest harbour in Africa. Come and invest in our province," said Ndebele.