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 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.

Menar concluded a successful second instalment of the Mining Journalism Training program on the 22nd of October 2018, at the Turbine Hall in Johannesburg with a site visit to an operating mine, Phalanndwa Colliery in Delmas, which was scheduled for the 23rd of October 2018.

Menar reached an agreement with Coalvent Limited and African Onca Proprietary Limited to partner in the development of the Riversdale Anthracite Colliery (RAC) project near Vryheid, KwaZulu-Natal.

Fast-growing mining investment company Menar Holding has entered into an agreement to buy a majority stake in Kangra Coal, which owns assets in Mpumalanga and KwaZulu- Natal, for US$28m.

Menar invests in being controlling and managing shareholder in private and listed companies and allocates capital to selected projects and companies actively involved in mining and resources. As a new generation company that turns knowledge into investment and production, it has a corporate culture which celebrates: