Godsell declines Hogan's request to rejoin Eskom

Former Eskom chairperson Bobby Godsell had decided not to rejoin the cash-strapped utility, South Africa's Department of Public Enterprises (DPE) confirmed on Monday. Minister Barbara Hogan indicated on Friday that she would request that Godsell,...

New Eskom tariff application by the end of November

Power utility Eskom would submit a new and "final" tariff application to the National Energy Regulator of South Africa (Nersa) by November 30, following consultations with stakeholders, Mining Weekly Online has confirmed. It was unclear, however,...

Godsell to be asked to reconsider Eskom resignation

Public Enterprises Minister Barbara Hogan would approach former Eskom chairperson Bobby Godsell over this weekend to ask him to "reconsider" his resignation, she told SAfm on Friday. Godsell stepped down on Monday November 9, 2009, citing a lack...

Godsell won't comment on possible Eskom return

Following two weeks of leadership uncertainty, the board at South African power utility Eskom finally confirmed on Thursday that the resignation offer made by CEO Jacob Maroga during the board meeting of October 28 had been "clear and...

Former mining man Godsell calls it quits at troubled Eskom

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...

Rio terminates SA smelter plan as Eskom power crunch bites

Global aluminium giant Rio Tinto Alcan and South Africa's power utility Eskom confirmed on Thursday that plans for the proposed $2,7-billion Coega smelter project, which was destined for South Africa's Eastern Cape province, had been terminated,...

Eskom says talks have been initiated with BHP about commodity-linked power contracts

South Africa's power utility Eskom confirmed on Tuesday that it was pushing ahead with plans to renegotiate commodity-linked electricity tariffs with resources groups, such as BHP Billiton, whose aluminium smelter investments in South Africa and...

New fund to target coal, renewable-energy projects

Investors looking to target the mining industry as a means of capital investment can look forward to some welcome relief in the coming months.

Olivewood launches tax-effective investment opportunity

Investors looking to target the mining industry as a means of capital investment can look forward to some welcome relief in the coming months. The launch of South African resource development company Olivewood means that investors would be able...

Eskom’s Godsell seeking new deal with aluminium smelters, as secured with coal-miners

Eskom is going all out to strike a new deal with its commodity-and-currency-linked customers and points to the success the State-owned utility has had with its coal-miner suppliers as a beacon of hope.

Real Economy Report

This is the Real Economy Report. Our top stories this week: Eskom's CEO talks about plans to reduce the power utility's carbon footprint; we look at Denel's strategy for the next five years; and Neil Pretorius, the CEO of DRDGold, talks about the...

Many world aluminium contracts similar to Eskom's – BHP Billiton

The aluminium smelter contracts struck with South Africa's Eskom were similar to many contracts elsewhere in the world and should be valued on the entire duration of the agreement rather than on a single year, BHP Billiton said on Friday. In...