Driving sustainable investment in African Mining

Coal Fundamentals in an Uncertain Energy System

26 Feb 2026 | Market News

In this Mining Indaba TV interview, Moses Madondo, CEO of Thungela, shares his perspective on coal fundamentals in an uncertain energy system.

He explores the structural role of coal in energy security, separating long-term signals from short-term noise, and the challenges of making strategic decisions amid rapid energy transitions.

Moses discusses the gap between policy ambition and infrastructure reality, the operational, environmental, and social dimensions of “responsible coal,” and how South Africa can balance reliability, affordability, and stability in its energy mix.

He also reflects on the importance of honest dialogue between miners, governments, financiers, and society to shape credible and sustainable transition pathways.



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