Press Releases
The Menar Press Release Portal provides access to all our media releases. For additional information or images, please contact Menar Corporate Communications Department at pr@menar.com
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Future coal expands with enrolment of South African innovator
Continuing a spate of new global enrolments, the World Coal Association (WCA) today welcomed South African mining investor, Menar, to its roster of progressive coal members.
South Africa’s rich mix of mineral resources drives diversification
Menar expands and diversifies mineral assets in a show of confidence for the future of mining in South Africa.
Renewable energy alone insufficient for energy needs
Coal remains crucial to global energy security.
Bureaucracy and anti-mining lobbies stifling South Africa’s growth prospects
Unlocking mining sectors' full potential starts when red tape bottlenecks stop.
Industry players optimistic for coal and anthracite markets
Menar Chief Operating Officer Bradley Hammond and Buffalo Coal Sales and Marketing Manager Bill Lamont shared their perspectives on the local and international market at at the virtual Coaltrans Asia 2020 conference on 24 November 2020.
Coal miners should take lead in being ethical suppliers to Eskom
Speaking during a panel discussion with other coal industry stakeholders, as part of the virtual Joburg Indaba, on Thursday (8 October 2020), Mpumelelo Mkhabela, chairperson of mining investment firm Menar, called on coal producers to do their part in improving transparency and accountability in their relationship with Eskom.
Coal can play a central role in rebuilding COVID-19 hit SA economy
Coronavirus (COVID-19) has had a devastating impact on the South African economy, which already had record-high unemployment. However, Vuslat Bayoglu, managing director of investment company Menar, has argued that the coal mining sector, could aid reviving the economy.
Jobs, foreign revenue generation and energy security
Speaking during at the Joburg Indaba panel discussion on the topic of the ‘Outlook for Coal Mining and South Africa’s coal sector’, chairperson of mining investment company Menar, Mpumelelo Mkhabela, stated that: “What may be deemed just for Germany in terms of transition away from coal, may not be just for emerging countries such as South Africa and India.”
We need coal miners who are committed to investing sustainably to create jobs
Menar chairperson Mpumelelo Mkhabela speaking during a panel on junior mining, in Sandton, said that: “…with hard work, dedication and great humility we are able to share our success story of evolving from a junior miner to a mid-tier producer that seeks to become a major player in the South African coal sector.”
Self-funding in coal sector is key as banks retreat – Bayoglu
Vuslat Bayoglu, the managing director of mining investment company Menar, has stressed the importance of reinvestment of income from existing operations to fund growth in light of the reluctance of South African commercial banks to fund coal-related investments.
Coal is critical to enabling South Africa’s stability and future growth
Coal suppliers need to deal fairly with Eskom by seeking reasonable returns and not excessive profits. High input costs to power generation, including coal, ultimately cause higher electricity prices which is detrimental to South Africa's economy, said Menar MD Vuslat Bayoglu.