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Eskom forecasts material mining, industry demand growth
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15th September 2011
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JOHANNESBURG (miningweekly.com) – There were 60 mining projects and 33 industrial projects requiring a total capacity of 2152.23 MVA and 2958.02 MVA respectively, over the next ten years, Eskom regional key account manager Johan Pfister said on Thursday.

This growth was being forecast despite warnings that surging electricity prices could undermine mining and industrial investment, delegates attending the fourth South African Ferro-alloys conference, in Johannesburg, heard.

There were 17 ferrochrome projects in the pipeline requiring a total capacity of 2107.95 MVA, and four ferromanganese projects, which could draw 329 MVA.

Samancor CEO Jurgen Schalamon, whose company is the world’s second-largest producer of ferrochrome, said such developments were “positive” and indicated that it was still viable and profitable to produce ferrochrome in South Africa.

“Eskom will be a big driver in South Africa’s manufacturing industry,” he added.

On the industrial side, 52.6 MVA would be required for two cement projects, 42 MVA for two fuel projects and 426.47 MVA for other projects, including titanium, steel and refining of metals.

With regard to the 60 mining projects, 240 MVA capacity was required for six coal projects, 1 388 MVA for 34 platinum projects, 371.23 MVA for 15 gold and uranium projects, 56 MVA for two iron-ore projects and 20 MVA for a diamond mining development. There were two other mining and quarrying projects that required a capacity of 77 MVA and six rail transport projects requiring 29.6 MVA.

Pfister stressed that all the projects listed were above 10 MVA, and did not include projects undertaken by its distribution unit.

He added that the projects were beyond the prefeasibility stage and had been considered when the Integrated Resource Plan for electricity was drafted.


 

Edited by: Terence Creamer

 

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