R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51

Energy Services News

Zimbabwe anxious to reclaim former mining glory, but obstacles remain

By: Jonathan Faurie     28th May 2010 Once viewed as ‘The Bread Basket of Africa’, Zimbabwe has had a significant fall from grace since early 2000, when hyperinflation, political instability and the total collapse of the economy deterred investors previously upbeat on opportunities in the country. 

Mining giant, energy 
supplier agree to 
review smelter 
power contracts

     21st May 2010 International resources company BHP Billiton and parastatal power utitlity Eskom have agreed to amend their current long-term negotiated pricing agreements and review the power supply agreements to BHP Billiton’s aluminium smelters in South Africa and Mozambique. The parties will now work towards... 

Copper foundry company eyeing Joburg, Toronto listings 
by next May

By: Jonathan Faurie     21st May 2010 Copper foundry, component engineering and production company Thos Begbie & Company (TB&CO) is positioning itself for a duel listing on the JSE and the Toronto Stock Exchange by May 2011. 

Mozambique President officially opens 
Benga coal mine

By: Jonathan Faurie     7th May 2010 During the first quarter of 2010, Mozambican President Armando Guebuza officially opened the Benga coal project, near Tete. 

Keaton Energy doubles Sterkfontein resource to 69 Mt, seeks court order against landowners blocking access to another project

By: Jonathan Faurie     16th April 2010 Coal-mining junior Keaton Energy Holdings (Keaton Energy) has doubled the coal resource at its Sterkfontein coal project in Mpumalanga to 69-million mineable tonnes in situ, following the conclusion of the first phase of its current drilling campaign.  

New technology to slash gold miner's energy bill by up to 70%

By: Jonathan Faurie     16th April 2010 Diversified engineering company Turbo Air will achieve a proposed maximum of 70% energy saving through the instillation of unique technology for a major gold-mining group, reports the company. The installation of the equipment is due to start in the coming weeks. 

Nuclear energy revival ensuring future of uranium mining

By: Keith Campbell     9th April 2010 Cover story on the worldwide revival of civil nuclear energy, which is enjoying major international political support, and its effects on uranium mining 

Australian junior reports presence of 'significant' near-surface mineralisation at Botswana uranium prospect

     2nd April 2010 Significant near-surface uranium mineralisation over an area of 3 000 m x 500 m was discovered during Impact Minerals' (Impact's) maiden reconnaissance drill programme at the Lekobolo Prospect, in Botswana. 

New empowered project house to target mining pipeline

By: Terence Creamer     23rd March 2010 A new black economic-empowered (BEE) project house, which will target large-scale Southern African projects, has been formed, following a merger between aspects of the giant ThyssenKrupp technology group and the industrial unit of PD Naidoo & Associates (PDNA), a leading BEE engineering company.... 

Actom supplying biggest portion of substation equipment at Namibia uranium mine

By: Jonathan Faurie     12th February 2010 In its largest-ever contract to date, energy engineering company Actom Power Systems is procuring, supplying and installing the electrical equipment required for four new substations being established as part of the new Trekkopje Uranium opencast mining project currently in progress near... 

Modder East part of a new generation of SA mines

By: Lindsey Berry     4th December 2009 The Modder East gold mine project, on Gauteng’s East Rand, is a “new-generation gold mine,” says mining consultant Turgis CEO Rob Wilson. 

Coal to be SA’s main energy source for decades

By: Jonathan Faurie     27th November 2009 The supply of coal to the domestic market has been secured until 2040 according to State-owned power utility Eskom. 

Former mining man Godsell calls it quits at troubled Eskom 

By: Terence Creamer     9th November 2009 Eskom chairperson Bobby Godsell handed a letter of resignation to Public Enterprises Minister Barbara Hogan on Monday, following more than a week of confusion over the fate of the group's CEO, Jacob Maroga. The Department of Public Enterprises reported on Monday afternoon that Mpho Makwana had... 

Daily podcast – November 9, 2009 

By: Shannon de Ryhove     9th November 2009 First Uranium agrees to sell 7% of the gold to be produced over the life of its Ezulwini mine to a subsidiary of Gold Wheaton; and BRC Diamondcore signs a letter of intent with diversified giant Rio Tinto's mining and exploration arm. 

Solution needed to electricity pricing, rand strength – AngloGold 

By: Martin Creamer     2nd November 2009 South Africa Incorporated needed to thrash out a workable, collective solution to its electricity pricing issue, which, together with the strong rand, was putting the country's future employment capacity at significant risk, AngloGold Ashanti CEO Mark Cutifani said on Monday. Cutifani told... 

New thinking needed on Eskom electricity tariff – Harmony 

By: Martin Creamer     30th October 2009 South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The head of South Africa's third-largest gold-mining... 

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