R/€ = 14.59 Change: -0.04
R/$ = 12.51 Change: -0.09
Au 1304.60 $/oz Change: 8.90
Pt 909.00 $/oz Change: 0.60


Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Wescoal expects 303% increase in FY18 HEPS

By: Marleny Arnoldi     22nd May 2018 JSE-listed Wescoal expects its headline earnings per share (HEPS) for the year ended March 31 to be in excess of 45.5c, which is a 303% increase on the HEPS of 11.3c reported for the 2017 financial year.  

Nuclear industry urged to address business case

By: Rebecca Campbell     16th May 2018 Decisions on the future energy mix for South Africa need to be forward looking, not backward looking. So affirmed EE Publishers MD Chris Yelland in his keynote address to the National Nuclear Regulator's second Nuclear Regulatory Information Conference on Wednesday. "Nuclear power in South Africa... 

Chamber of Mines opposes Eskom’s RCA applications

By: Simone Liedtke     15th May 2018 The Chamber of Mines (CoM) has opposed State-owned Eskom’s application to the National Energy Regulator of South Africa (Nersa) for a large tariff increase to recover losses on its Regulatory Clearing Account (RCA). If granted, the requested R66.6-billion increase, will be passed on to consumers... 

Eskom says it intends to play a bigger role in Africa

By: Kim Cloete     15th May 2018 Eskom interim CEO Phakamani Hadebe says the utility is keen to expand its services into other African countries.  “We have made a decision that our ambition is to play a bigger role on the continent,” he told the opening plenary of African Utility Week, in Cape Town, on Tuesday. 

Large power users urge Nersa to hold Eskom accountable for inefficiencies 

By: Terence Creamer     11th May 2018 The Energy Intensive Users Group of Southern Africa (EIUG) has argued that any cost-recovery granted to Eskom in relation to three Regulatory Clearing Account (RCA) applications currently under review by the regulator be capped at R40.5-billion. However, it also urged the National Energy... 

Ramaphosa’s ‘New Deal’ could revive investor confidence, restore fiscal discipline – Goldman Sachs

By: Anine Kilian     11th May 2018 President Cyril Ramaphosa’s economic policy platform – otherwise known as the ‘New Deal’ for South Africa – does not represent a significant philosophical departure from stated objectives in the existing National Development Plan (NDP), but Ramaphosa’s focus on economic stewardship and reform... 

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

11th May 2018 The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra. 

thyssenkrupp Industrial Solutions South Africa

11th May 2018 Diversified industrial group thyssenkrupp has extensive experience in materials handling and minerals processing circuits, and the service support of its own manufactured equipment. A fully owned subsidiary of thyssenkrupp, headquartered in Essen, Germany, thyssenkrupp Industrial Solutions South... 

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive

By: Terence Creamer     10th May 2018 The long awaited update to South Africa’s Integrated Resource Plan (IRP) will be presented to Cabinet for its approval on August 15, Energy Minister Jeff Radebe confirmed on Thursday, adding that the document would provide much-needed certainty for investors in the electricity sector. The... 

Court orders business rescue practitioners be allowed back at Gupta-linked firms

By: News24Wire      7th May 2018 An appeal to have business rescue practitioners barred from the office of several Gupta-linked companies has been overturned in the South Gauteng High Court in Johannesburg. Business rescue practitioners Louis Klopper and Robert Knoop were told they were "no longer welcome" by the very... 

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines  

By: Terence Creamer     3rd May 2018 In a major policy reversal, State-owned electricity producer Eskom is budgeting to invest in the sustenance of mines that supply coal to the utility on a cost-plus basis. During Brian Molefe’s controversial tenure as Eskom CEO, the utility became hostile to the cost-plus model, which Molefe... 

No agreement yet in Eskom’s discussions with Optimum BRPs

By: Simone Liedtke     30th April 2018 State-owned power utility Eskom says it is considering a proposal by Optimum coal mine business rescue practitioners (BRPs) to reduce the monthly coal supply tonnage from the mine from 400 000 t to 200 000 t for the remainder of the contract period. Eskom on Monday stressed, however, that it has... 

New association aims to raise level of debate on energy economics in South Africa

By: Terence Creamer     26th April 2018 A new independent professional organisation was launched in Pretoria on Thursday with the aim of raising the level of research and debate on energy economics in South Africa, where policy and regulatory uncertainty remain a major constraint to investment. Named the South African Association for... 

Eskom dealing with coal shortages at seven power stations  

By: Marleny Arnoldi     25th April 2018 State-owned power utility Eskom on Wednesday said it had put measures in place to deal with the coal shortages at seven of its power stations, in Mpumalanga, and has assured the public that this would not result in load-shedding.  

Anglo reports 4% increase in Q1 production

By: Anine Kilian     24th April 2018 Diversified miner Anglo American on Tuesday reported a 4% year-on-year increase in total production on a copper equivalent basis in the first quarter ended March. The company had a “solid start to 2018”, despite the suspension of operations at the Minas-Rio mine, in Brazil, CEO Mark Cutifani said. 

Amplats procures energy storage system for Amandelbult

By: Anine Kilian     23rd April 2018 Anglo American Platinum (Amplats) has contracted energy storage systems provider Primus Power to supply its Amandelbult mine, in Limpopo, with eight EnergyPod battery systems. The EnergyPods will provide Amandelbult with 200 kW of power and 1 000 kWh of energy. 

Inclusive infrastructure development impact – leading the charge, changing the mindset

23rd April 2018 The Bigen Group, a recognised infrastructure development activist with a reputable 46-year footprint throughout Africa, is leading the charge in infrastructure development inclusivity by empowering the women of Africa.... 

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... 

Troubled Gupta coal mines threaten South Africa with power cuts

By: Bloomberg     17th April 2018 South Africa’s State-owned power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply, raising the specter of a return to rolling power cuts that have periodically slowed the economy since 2008. Eskom Holdings is diverting coal... 

Eskom kicks off public hearings by asking for R66.6bn 

By: Kim Cloete     16th April 2018 Eskom has argued its case for the National Energy Regulator of South Africa (Nersa) to grant it the R66.6-billion it is claiming, including for unforeseen expenses and unrealised revenue for the past three financial years. An Eskom team on Monday kicked off countrywide public hearings in Cape... 

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... 

Bushveld Energy progresses with electrolyte production facility, Eskom VRFB project

By: Marleny Arnoldi     11th April 2018 Bushveld Minerals subsidiary Bushveld Energy has made significant progress with exploiting the commercial opportunity of Vanadium Redox Flow Battery (VRFB) technology within the energy storage market in the first quarter of this year.  

Eskom says plants run low on coal as Gupta mines undersupply

By: Bloomberg     2nd April 2018 South Africa’s state-owned power utility said it’s running low on coal at six stations as mines owned by the Gupta family failed to meet their contractual supply obligations. The Optimum and Koornfontein mines, which supply Eskom Holdings SOC plants, are owned by companies linked to the Guptas... 

Wescoal’s primary objective to optimise operations, extract organic growth

By: Nadine James     28th March 2018 JSE-listed Wescoal is seeking to extract organic growth by optimising its existing operations and diversifying its revenue base, says Wescoal CFO Izak van der Walt. During a media site visit to the miner’s Elandspruit operation, on Tuesday, he noted that the acquisition of Keaton Energy, in 2017,... 

Glencore is said to mull buying back Gupta-linked coal mine

By: Bloomberg     27th March 2018 Glencore is considering a bid for the Optimum coal operations in South Africa, which it sold in 2015 to a company part-owned by the politically connected Gupta family, according to two people familiar with the matter. Optimum supplies fuel to state power utility Eskom Holdings and became a... 

Eskom goes to Parliament to argue its case for a higher tariff increase 

By: Kim Cloete     27th March 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

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... 

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... 

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... 

S Africa’s coal mining set for growth

By: Donald Makhafola     16th March 2018 Coal mining and mining in general have received a boost in confidence following the inauguration of South African President Cyril Ramaphosa who has committed to transforming mining from "a sunset to a sunrise industry". This is likely to solve policy uncertainty and lure investors, says... 

Association focuses on clean coal technologies

By: Donald Makhafola     16th March 2018 While the development of clean coal energy is an imperative amid climate change, the worthwhile gains are more in the downstream use of coal than in the mining and beneficiation of raw coal, says South African coal mine research association Coaltech CEO Henk Lodewijks. He tells Mining Weekly that... 

Coal remains a main source of energy in Africa

By: Donald Makhafola     16th March 2018 Coal will maintain its status as a robust, baseload energy source for the foreseeable future in Africa,  says South Africa-based diversified resources company Exxaro coal operations executive head Dr Nombasa Tsengwa, who tells Mining Weekly that coal is cheap and that more than 1 600 coal-fired... 

Afrimat Construction Index ticks up, but talks on land may dampen mood

By: Irma Venter     15th March 2018 The 2017 fourth quarter results of the Afrimat Construction Index (ACI) show an upward trend, broadly in line with the uptick in South Africa’s gross domestic product. After reaching an eight-quarter high of 127 at the end of 2016, the ACI declined for two successive quarters before recovering in... 

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).  

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