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Planning commission outlines case for Eskom split in new energy document

By: Terence Creamer     Updated 1 hour 53 minutes ago The National Planning Commission (NPC) has released a new discussion document on the energy sector, which reinforces the National Development Plan’s (NDP’s) “explicit” requirement for the system operations, planning, power procurement, purchasing and contracting functions within Eskom to be... 

Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian

By: News24Wire      Updated 3 hours ago The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe... 

Portfolio Committee asks DMR to intervene at Optimum mine

By: Anine Kilian     Updated 5 hours ago The Portfolio Committee on Mineral Resources has called on the Department of Mineral Resources (DMR) to intervene at the Gupta-owned Optimum coal mine and “establish with certainty” the future of the mine. Power utility Eskom late on Thursday confirmed that the mine, which supplies coal to its... 

South Africa to pilot first utility-scale vanadium redox flow battery

By: Nadine James     Updated 6 hours ago Aim-listed miner Bushveld Minerals’ 84%-owned energy subsidiary, Bushveld Energy, will be commissioning its first utility-scale vanadium redox flow battery (VRFB) for testing by State-owned power utility Eskom in May, says Bushveld Energy CEO Mikhail Nikomarov. Nikomarov notes that the... 

Partnerships key as South Africa tackles Gamsberg project

     23rd February 2018 At global diversified miner Vedanta Resources’ Gamsberg mine, in the Northern Cape, motor and controls manufacturer Zest WEG Group is working closely with lead contractor ELB Engineering Services as a preferred supplier to standardise its range of transformers and motors across a number of... 

Ian Harebottle

By: Martin Creamer     23rd February 2018 This week Mining Weekly features Ian Harebottle, the CEo-designate of Kropz, the phosphates exploration and mining company active on South Africa's West Coast 

Ramaphosa should shift to green energy – Greenpeace

By: News24Wire      20th February 2018 Environmental organisation Greenpeace is demanding newly-elected President Cyril Ramaphosa takes urgent action on energy policy in South Africa. Ramaphosa delivered his maiden State of the Nation Address (SoNA) on Friday, when he highlighted economic growth and combating corruption. 

Eskom board called on to prove utility not trading recklessly

By: Terence Creamer     19th February 2018 The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be... 

Managing severely distorted high temperature cylinders

     15th February 2018 An estimated *R14mln savings delivered through improved Turbine maintenance practices by Eskom Rotek Industries. Challenge: Background: In the past major performance and vibration problems were experienced by Eskom following major outages. 

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... 

New CEO must position Eskom for ‘evolving energy markets and technologies’

By: Terence Creamer     12th February 2018 The newspaper advertisement calling for applications for the positions of CEO and CFO at State-owned power utility Eskom includes definite signs of the reforms that the newly appointed board is aiming to implement at the beleaguered organisation. The advertisement calls on appropriately qualified... 

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... 

Iron Plant 1 at Highveld Industrial Park for sale

By: Creamer Media Reporter      9th February 2018 Production at the Highveld Steel complex, in Witbank Mpumalanga was halted after the steel producer, EVRAZ Highveld Steel and Vanadium Limited, was placed into business rescue in April 2015. However, a business strategy was set in motion to convert the steel complex, into the Highveld Industrial... 

Major projects rely on SMEIPP expertise from Tubular

     9th February 2018 Tubular’s expertise, resources and in-house self-sustainable facilities make the company the preferred choice for major capital projects requiring structural steelwork, mechanical, electrical, instrumentation, platework and piping (SMEIPP) solutions. Tubular are specialists in the supply of... 

MARIKANA MINING

By: Martin Creamer     9th February 2018 Platinum-group metals (PGMs) and chrome coproducer Tharisa Minerals last week hosted a media briefing at the Tharisa Mine, a large shallow 17-year-life open pit and a future 40-year underground mine at Marikana, in North West. The first mining rights were granted in 2008, the year of the global... 

2018 presents best prospects in a decade for African mining – Standard Bank

By: Anine Kilian     6th February 2018 Sustained commodity price growth and reduced costs are likely to present Africa’s mining sector with the best prospects in over a decade. “The centrality of mining to the development of the continent means that 2018 is likely to be a watershed year in Africa’s ongoing growth story,” Standard Bank... 

South32 prepares to spin off South African coal assets

By: Reuters     6th February 2018 South32's South African coal assets will be set up as its own business within six months, its president and chief operating officer Mike Fraser said. Fraser said that South32, which was spun out from BHP Billiton in 2015, had received a number of offers for the assets which it up for sale in... 

Partnerships Key As SA Tackles World-Class Gamsberg Zinc Project

     5th February 2018 At Vedanta Resources’ Gamsberg mine in the Northern Cape, Zest WEG Group is working closely with lead contractor ELB Engineering Services as a preferred supplier to standardise on its range of transformers and motors across a number of on-site applications. The Gamsberg project is South Africa’s... 

Mineworkers union calls for 'infrastructure audit' at South African mines

By: African News Agency      2nd February 2018 The National Union of Mineworkers (NUM) on Friday called for an infrastructure audit to be conducted on all South African mines in a bid to prevent underground accidents. All 952 workers were rescued alive on Friday at Sibanye-Stillwater's Beatrix gold mine in Welkom, in the Free State. They had... 

Eskom expects to sign emergency funding deals in ‘day or two’ 

By: Terence Creamer     1st February 2018 Cash-strapped State-owned power utility Eskom confirmed on Thursday that its negotiations with funders to meet immediate debt-repayment obligations were at an advanced stage and that it expected to sign-off on the deals “in a day or two”. Eskom acting CEO Phakamani Hadebe revealed this week that... 

Eskom sees opportunity for emerging coal miners to improve utility’s security of supply, logistics

By: Mia Breytenbach     1st February 2018 State-owned power utility Eskom’s demand for about 750-million tonnes of coal between now and about 2040, has seen the utility identify opportunities arising for emerging coal miners in respect of two of its strategic objectives – the security of supply and logistics optimisation. Speaking at the... 

Tharisa entering multi-project PGM-chrome growth phase

By: Martin Creamer     31st January 2018 Platinum group metals (PGMs) and chrome co-producer Tharisa Minerals, which predicts that a global chrome ore deficit is on the horizon, has published details of its strategic Vision 2020 growth thrust. “Tharisa is entering an exciting growth phase,” CEO Phoevos Pouroulis said in the release to... 

AMSA weighs asset disposals as losses mount, debt rises and rand strengthens 

By: Terence Creamer     31st January 2018 ArcelorMittal South Africa (AMSA) is considering various asset disposals as part of a plan to strengthen its balance sheet, which remains under pressure as a result of a protracted period of lossmaking, which has endured since 2010. The JSE-listed steelmaker declared another headline loss of... 

Eskom cannot commit to nuclear expansion – acting CFO 

By: Reuters     30th January 2018 South Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results. South Africa's government has said it will push ahead with its nuclear expansion plan but will now do... 

Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure 

By: Terence Creamer     30th January 2018 Having secured “in principle” commitments from funders to enable Eskom to meet looming debt obligations of R20-billion by the end of February, the new leadership at the power utility has started weighing various options, including asset sales, for shoring up the group’s fragile balance sheet.... 

Anglo to sell New Largo assets to Seriti, partners for R850m

By: Anine Kilian     29th January 2018 LSE- and JSE-listed Anglo American is making further progress with its strategy of disposing of its Eskom-tied coal assets, announcing on Monday that it will sell its New Largo thermal coal assets, which are owned by its 73%-held subsidiary Anglo American Inyosi Coal, to New Largo Coal, for... 

South African mining seen a winner as Ramaphosa woos investors

By: Reuters     26th January 2018 South Africa's embattled mining industry could be first in line to benefit from a boost in foreign direct investment (FDI) if the new leader of the ruling party Cyril Ramaphosa implements measures seen as vital to draw in more cash, analysts said. The governing African National Congress (ANC)... 

Staying abreast of industry challenges and needs vital

By: Marleny Arnoldi     26th January 2018 The Investing in African Mining Indaba is opportune for keeping abreast of global trends, developments and challenges, as well as potential clients’ needs, enabling original-equipment manufacturers (OEMs) to adapt and customise their products, solutions and services accordingly, says... 

Anglo American delivers increased output of most products in 2017

By: Natasha Odendaal     25th January 2018 Despite removing higher-cost platinum and metallurgical coal volumes, LSE- and JSE-listed Anglo American has reported a 5% rise in total production on a copper equivalent basis in 2017. “We have delivered another strong operating performance in 2017. The 5% increase for the full year reflects our... 

Wescoal positive about future with Keaton contribution

By: Megan van Wyngaardt     24th January 2018 Junior coal miner Wescoal Holdings on Wednesday said the Keaton Coal integration programme was at an advanced stage and progressing according to plan, with personnel redeployments and overhead reductions having been completed. "Several identified improvement and efficiency projects have been... 

Universal Coal targeting sales of 4.6Mt in FY18

By: Megan van Wyngaardt     24th January 2018 Building on the record deliveries it achieved across its operations in the first half of 2018 financial year, ASX-listed Universal Coal is on track to deliver higher-than-projected sales tonnes for the full year. The company, which operates two coal mines in South Africa's Mpumalanga province,... 

Former Eskom CFO Singh accused of lying and stonewalling at inquiry

By: African News Agency      24th January 2018 Former Eskom chief financial officer Anoj Singh was accused of lying about who paid for his travels to Dubai and ducking questions about suspect transactions he approved in his testimony before the parliamentary inquiry into the power utility on Tuesday. After more than four hours of questions... 

Sasol says higher oil price, if sustained, bodes well for H2

By: Terence Creamer     23rd January 2018 Chemicals and energy group Sasol indicated on Tuesday that its second-half results would be positively affected should the recent rise in oil prices to levels approaching $70/bbl be sustained for the remainder of its financial year, which runs to June 30. In a trading statement for the six months... 

Suspended Eskom CFO resigns

By: African News Agency      23rd January 2018 Suspended Eskom chief financial officer (CFO), Anoj Singh, resigned on Monday, South Africa's power utility said. "Eskom has today [on Monday] received, through Mr Anoj Singh’s attorneys, a formal letter of resignation by Mr Singh from his position as the Chief Financial Officer, in line with the... 

South Africa names Jabu Mabuza as Eskom chair in board shake-up

By: Reuters     20th January 2018   South Africa’s Deputy President Cyril Ramaphosa has appointed a new board at state-owned power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman, the country’s presidency said on Saturday. 

Good mining policy can bring growth and transformation to a South African economy in need of positive new direction

By: Martin Creamer     19th January 2018 South African mining could experience the same recovery under way in most other mining jurisdictions relatively quickly because its lagging relates overwhelmingly to injurious policy and not to the absence of inherent physical potential. If South Africa’s political leadership delivers... 

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba

By: Megan van Wyngaardt     18th January 2018 Finance Minister Malusi Gigaba on Thursday painted a grim picture of the financial challenges facing power utility Eskom, stating that the national fiscus would be unable to bail the State-owned enterprise (SOE) out in the event of a default. Speaking at a pre-World Economic Forum (WEF)... 

Eskom inquiry to hear testimony from Singh, Koko next week

By: African News Agency      17th January 2018 The parliamentary inquiry into alleged corruption at Eskom will resume next week with testimony from suspended chief financial officer Anoj Singh and former acting chief executive Matshela Koko, the chairperson of the public enterprises committee Zukiswa Rantho said on Wednesday. "The Committee... 

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