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Further tariff increases would exacerbate Eskom’s death spiral – EIUG

By: Simone Liedtke     18th April 2018 The Energy Intensive User Group (EIUG) of Southern Africa, whose members account for about 40% of electrical energy consumed in the country, has warned that increases to electricity tariffs will exacerbate State-owned power utility Eskom’s “death spiral”. The EIUG is participating in the National... 

Eskom says facing coal shortages at seven power plants

By: Reuters     17th April 2018 South African power utility Eskom, which is battling to recover from a financial and leadership crisis, said on Tuesday that it was facing coal shortages at seven power stations. Eskom supplies around 95% of South Africa's electricity, predominantly by burning coal. The state-owned utility has... 

Outa calls for Eskom turnaround before tariff hikes are granted

By: Kim Cloete     17th April 2018 Eskom should first implement a turnaround strategy before the National Energy Regulator of South Africa (Nersa) considers granting it a tariff hike, says the Organisation for Undoing Tax Abuse (Outa). “Eskom leadership must institute stringent measures to recoup the billions of rands siphoned out... 

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Eskom outlines case for R67bn clawback amid tariff-hike hostility

By: Terence Creamer     12th April 2018 State-owned electricity group Eskom has expressed confidence that its three applications to recoup nearly R67-billion through the Regulatory Clearing Account (RCA) mechanism will succeed, stressing that its submissions are fully aligned to the most recent RCA decision made in 2016 for the 2013/14... 

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     11th April 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

Prairie Mining starts legal action against Poland's environment Ministry

By: Reuters     3rd April 2018 Australia's Prairie Mining said it filed a lawsuit in a Warsaw civil court on Friday against the Polish environment ministry, seeking an extension to the company's exclusive rights to a mining project in the country. The news sent the miner's shares plunging 30% in London and 20% in Warsaw. 

AMCU demands summit to discuss renewable energy jobs

By: Anine Kilian     23rd March 2018 The Association of Mineworkers and Construction Union (AMCU) has called for an urgent summit with labour, State-owned Eskom and government to discuss renewable energy and jobs. The trade union said in a statement on Friday that the Departments of Trade and Industry and Economic Development had to... 

Advisory firm recommends inclusive economic growth to facilitate transformation

By: Marleny Arnoldi     23rd March 2018 International investment in the South African mining industry remains a key factor in the development of the country’s mineral resources. Consequently, one of the challenges in the proposed amendments to the mining charter scorecard relates to the ownership structures and the limited capacity of... 

Civil society organisations oppose coal IPP generation licence applications

By: Simone Liedtke     20th March 2018 Civil society organisations will use next week’s public hearings into the generation licence applications for the Thabametsi and Khanyisa power station projects to raise their objections to the new coal-fired power stations that private developers plan to build in Limpopo and Mpumalanga. The Life... 

Wind body dismisses as ‘false’ link between IPPs and tariffs surge

By: Terence Creamer     16th March 2018 The South African Wind Energy Association (SAWEA) has dismissed as a “falsehood” claims by the National Union of Metalworkers (Numsa) and Transform RSA that the 27 renewable-energy projects, which the two organisations are seeking to block through a court challenge, will raise the cost of... 

Despite bitcoin craze, bullion unlikely to lose its status as a major investment vehicle – economist

By: Nadine James     16th March 2018 Although some economists regard cryptocurrencies – bitcoin being the most popular – as a fad, others, such as Nascence Advisory director and economist Xhanti Payi, remain open-minded, unwilling to write off a potentially disruptive technology with massive implications for global economic... 

Stringent regulations may impede coal industry growth

By: Donald Makhafola     16th March 2018 While key challenges facing the coal mining industry make the future of coal in South Africa uncertain, when considering the weight of coal in South Africa's energy mix, the coal mining industry is likely to remain an important one, says credit insurer Coface group economist Ruben Nizard. South... 

Despite bitcoin craze, bullion unlikely to lose its status as a major investment vehicle – economist

By: Nadine James     16th March 2018 Although some economists regard cryptocurrencies – Bitcoin being the most popular – as a fad, others, such as Nascence Advisory director and economist Xhanti Payi, remain open-minded, unwilling to write off a potentially disruptive technology with massive implications for global economic... 

NUM welcomes delay in signing of agreements with IPPs

By: Marleny Arnoldi     14th March 2018 The National Union of Mineworkers (NUM) on Wednesday welcomed government’s decision, on Tuesday, to hold off on the signing of power purchase agreements with 27 independent power producers (IPPs).  

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

By: Terence Creamer     14th March 2018 The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the... 

South African court grants union interdict blocking renewable energy deal

By: African News Agency      13th March 2018 The National Union of Metalworkers of South Africa said it had obtained an urgent court interdict preventing power utility Eskom from signing renewable energy contracts on Tuesday with 27 independent power producers (IPPs). The move will be a blow for independent producers who say the deals would... 

As coal use wanes, US miners depend on foreign buyers, steel  

By: Bloomberg     8th March 2018 It keeps getting harder to sell coal in the US US miners are forecast to cut production 4.7% in 2018 as electricity generators shift increasingly to natural gas and renewable energy, according to the US Energy Information Administration. The expected total of 736.3 million short tons would be the... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

By: Henry Lazenby     7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... 

Palladium dubbed 'unobtainium', rhodium 'next palladium'

By: Martin Creamer     7th March 2018 While diesel demonisation continues to the detriment of platinum, several key steps that will benefit platinum are poised to be taken in the next 18 to 24 months. The first of these key steps is the substitution of platinum for palladium in gasoline systems, against the backdrop of palladium... 

Steel tariffs may trip up another industry Trump loves: Coal

By: Bloomberg     6th March 2018 President Donald Trump’s proposed steel tariffs may have a downside for US coal miners. While tariffs could increase domestic demand for metallurgical coal – which is used in the steelmaking process – most of the market for that fuel is abroad. About 75% of the coking coal US miners produced in... 

Outlook good for cash-flush Merafe

By: Martin Creamer     6th March 2018 Chrome and ferrochrome company Merafe, which has zero debt and R600-million cash on hand, sees ferrochrome prices being supported by the cost of production in China, solid projected stainless steel production growth and the absence of any major additional ferrochrome supply capacity coming on... 

Eskom still studying Nersa report warning of utility ‘death spiral’ 

By: Terence Creamer     5th March 2018 State-owned electricity utility Eskom says it is still studying the reasons for decision (RfD) advanced by the National Energy Regulator of South Africa (Nersa) for restricting its 2018/19 tariff increase to 5.23%, as opposed to the 19.9% hike sought, and would “decide on the way forward... 

Barrick's Porgera JV suffers PNG earthquake setback; Moody's boosts ratings

By: Henry Lazenby     4th March 2018 Canadian miner Barrick Gold has reported significant damage to the power plant that supplies electricity to the Porgera joint venture, following a 7.5 magnitude earthquake that struck Papua New Guinea (PNG) on February 26. However, the NYSE- and TSX-listed miner said it does not expect the... 

Coal India output, sales rise as power plants rebuild stockpiles

By: Bloomberg     2nd March 2018 Coal India Limited's shipments rose 4.8% from a year ago and output increased for a seventh straight month as power plants bought up fuel to replenish stockpiles and meet increasing demand for electricity. Sales totaled 49.97-million metric tons in February, according to a stock exchange filing... 

Stability, sustainability needed for mining growth

By: Jessica Oosthuizen     2nd March 2018 South Africa needs stability, continuity and fairness in the mining industry, says engineering consultant WSP Africa transport and infrastructure division MD Dr Terence Milne, who tells Mining Weekly that presenters at the Investing in African Mining Indaba highlighted “political stability, fair... 

India's outback coal bets sour as global prices recover

By: Bloomberg     1st March 2018 Australian mining legend Lang Hancock’s dream four decades ago of exporting coal from the country’s remote Galilee Basin is becoming a nightmare for two Indian conglomerates. Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal... 

NUM says 1 722 jobs to go at Evander gold mine

By: Reuters     26th February 2018 South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1 722 jobs at its Evander Gold Mine in the country's Mpumalanga province. The NUM said the company, which has a total workforce of 1 812 people at the mine, informed the union that the job cuts... 

Flare-gas-harnessing solution to be on show at Infacon XV

By: Nadine James     23rd February 2018 Swedish clean technology company Ripasso Energy will be presenting its PWR BLOK 400-F solution to the international ferroalloys industry at the fifteenth International Ferro-Alloys Congress (Infacon XV), which is taking place at the Century City Conference Centre in Cape Town, from February 25 to... 

Coal India unlikely to face significant competition from commercial coal miners

By: Ajoy K Das     21st February 2018 Giving the final green light, the Cabinet Committee of Economic Affairs (CCEA) of the Indian government on Tuesday approved the methodology of auction of coal blocks to private miners, but analysts say that Coal India Limited (CIL) is unlikely to face significant competition in the medium term.... 

BC extends provincial flow-through tax credit for a year; resumes fight against Canadian oil

By: Henry Lazenby     21st February 2018 The British Columbia provincial government has released its Budget 2018 plan, confirming that the provincial flow-through exploration tax incentive will be extended for another year until the end of this year. The mining flow-through share programme is seen as critical to reinforcing the... 

Mining mechanisation could create ‘massive’ employment challenges – Harwood 

By: Nadine James     16th February 2018 Despite positive sentiment and improving commodity prices, the African mining industry continues to face immense challenges, says Montero Mining and Exploration CEO Dr Antony Harwood. Addressing the African Mining Network’s (AMN’s) thirty-ninth networking dinner, on Thursday evening, he touched... 

Golden opportunity, urgent logistics call, platinum to the fore

By: Martin Creamer     16th February 2018 South Africa has an opportnity in gold, investment to revitalise rail and port infrastructure is seen as urgent, there is a strong prediction that the fuel cell will outdo electric vehicles 

Kibo, Tanesco sign MoU

By: Simone Liedtke     14th February 2018 Africa-focused energy and resource company Kibo Mining has signed a memorandum of understanding (MoU) with the Tanzania Electric Supply Company (Tanesco) as a precursor to the finalisation of a power Purchase Agreement (PPA) for the Mbeya coal-to-power project (MCPP). The PPA is expected to be... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Ergo’s R126m payment to municipality to reduce DRDGold’s cash

By: Anine Kilian     12th February 2018 Gold mining company DRDGold’s subsidiary, Ergo Mining, will pay R126-million to the Ekurhuleni metropolitan municipality (EMM) to ensure continued electricity supply to Ergo, reducing DRDGold’s cash balance of R295-million as at December 31.   Ergo has been engaged in a legal dispute with EMM... 

Proposed DRC tax could boost Swedish cobalt project

     9th February 2018 If the Democratic Republic of Congo (DRC) applies its plan to more than double tax on two-thirds of the global cobalt supply, high-grade energy metal deposits explorer and developer Sienna Resources says this could potentially increase the cost of the critical battery metal just as the world... 

Abandoned mines punted as potential pumped-storage scheme sites

By: Mia Breytenbach     9th February 2018 Several abandoned mine sites in South Africa and Australia could be sustainably used, particularly in terms of serving as pumped hydro-energy storage sites, says renewable-energy generation and storage provider Genex Power executive director Simon Kidston. Although underground and opencast mine... 

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