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Loadshedding

Minerals Council welcomes 125% energy tax break in Budget speech
22nd February 2023 By: Martin Creamer

Minerals Council South Africa welcomed the government’s intervention on Eskom’s debt and the financial encouragement to stimulate businesses building renewable energy projects by offering generous... 


AngloGold's Obuasi mine, in Ghana, which achieved special mention.
Do everything to fight inflation, says AngloGold, which is growing fastest in US
22nd February 2023 By: Martin Creamer

Everything must be done to fight inflation, says AngloGold Ashanti CEO Alberto Calderon, a former International Monetary Fund luminary, who has reported vigilant cost control in a year dominated by... 


Eskom's logo
Eskom quietly deepens power cuts to unprecedented level
22nd February 2023 By: Bloomberg

South Africa’s struggling State-owned utility Eskom Holdings appears to have reached an unprecedented level of power cuts, indicated late Tuesday by the company spokesman. The company cut 7 045 MW... 


Kumba Iron Ore CEO Mpumi Zikalala.
Green steel to cut Scope 3, solar to cut Scope 2, hydrogen to cut Scope 1 – Kumba Iron Ore
21st February 2023 By: Martin Creamer

South Africa’s Kumba Iron Ore sees itself as a critical player in the decarbonisation journey. Regarding tricky Scope 3 emission reduction, the Anglo American company is partnering with top... 


Dense media separation plant at Kumba Iron Ore's Kolomela operation.
Kumba Iron Ore resilient in tough environment, declares cash dividend
21st February 2023 By: Martin Creamer

South African iron-ore producer Kumba has delivered a resilient financial performance in 2022, despite the year being characterised by a volatile macro environment, lower iron-ore prices,... 


Powerlines
Amid renewed fears of even higher stages of loadshedding, Eskom confirms review of current framework
20th February 2023 By: Terence Creamer

Eskom has confirmed that it is in the process of reviewing the current framework that governs loadshedding amid renewed concern that the State-owned utility may need to implement rotational cuts... 


Anglo American Platinum CEO Natascha Viljoen (left) and FD Craig Miller at the results presentation.
South Africa’s hydrogen corridor will create 14 000 jobs, says Anglo Platinum CEO
20th February 2023 By: Martin Creamer

South Africa’s hydrogen corridor, which has been declared a strategic project, will create 14 000 jobs and consume 63 000 oz of platinum, Anglo American Platinum CEO Natascha Viljoen told Mining... 


Goldplat’s second-quarter profit falls on loadshedding impact
20th February 2023 By: Darren Parker

Aim-listed Goldplat has reported a 41% year-on-year drop in operating profit from its two gold recovery operations in South Africa and Ghana, to about £1.38-million for the quarter ended December... 


Strong performance from Unki, Zimbabwe.
Anglo Platinum makes R131bn socioeconomic contribution, records best-ever safety year
20th February 2023 By: Martin Creamer

The contribution of platinum group metals (PGMs) company Anglo American Platinum to society in 2022 totalled R131-billion, made up mainly of taxes and royalties at R19-billion, salaries and wages... 


Coal stockpiles
Continuous Stage 6 implemented, risk of higher stages as eight units break down
20th February 2023 By: News24Wire

Eskom has implemented continuous Stage 6 until further notice after eight generating units broke down on Sunday.  "Given the high number of breakdowns, there is a possibility of further changes on... 


Power lines
400 MW of immediate interest in Eskom’s short-term power purchase programmes
17th February 2023 By: Terence Creamer

The National Energy Crisis Committee (NECOM) reports that the initial market response to Eskom’s moves to purchase electricity that is immediately available from entities that generate their own... 


South32 COO Noel Pillay.
Opportunity to commercialise greenness of South Africa’s nuclear power, says South32
17th February 2023 By: Martin Creamer

Nuclear power is part of the green taxonomy in Europe, where South Africa places most of its aluminium products and where most of the price pressures on non-green aluminium are going to arise in... 


South32 CEO Graham Kerr.
New US legislation providing strong platform for South32’s manganese push in Arizona
17th February 2023 By: Martin Creamer

The new Inflation Reduction Act (IRA) in the US has improved the business case for producing manganese in that country. Well-established South African manganese mining group South32 has confirmed... 


President Cyril Ramaphosa
Minister of Electricity’s ‘undivided attention’ to be on loadshedding crisis
16th February 2023 By: Terence Creamer

President Cyril Ramaphosa has moved to defend the proposed appointment of a new Minister of Electricity in the Presidency, amid concern that the appointee would have overlapping responsibilities... 


South32 CEO Graham Kerr.
South32 records one of its highest profits to date
16th February 2023 By: Martin Creamer

Diversified mining company South32 recorded one of its highest profits to date with half-year earnings of $1.36-billion, underpinned by production growth of 12%. Increased exposure to the metals... 


Glencore CEO Gary Nagle.
Growing need for critical raw materials highlighted by US, EU policies – Glencore
15th February 2023 By: Martin Creamer

Recent government policies, such as the US's Inflation Reduction Act and the European Union’s proposed Green Deal Industrial Plan, demonstrate the growing need for critical raw materials through to... 


Prime Minister Narendra Modi is intent on making India a global green hydrogen hub.
Green hydrogen moves by China, India boosting outlook for platinum group metals
14th February 2023 By: Martin Creamer

The firm embrace of the new green hydrogen and hydrogen fuel cell future by China and India is a huge twin boost for Southern Africa’s great platinum group metals (PGMs) endowment, Mining Weekly... 


Mineral Resources and Energy Minister Gwede Mantashe
Mantashe doubles down on characterisation of Electricity Minister as ‘project manager’
14th February 2023 By: Terence Creamer

Mineral Resources and Energy Minister Gwede Mantashe has doubled down on his characterisation of the proposed Minister of Electricity as that of a project manager but has denied that such a... 


Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo.
Anglo Platinum’s 2022 earnings will be well down
13th February 2023 By: Martin Creamer

The 2022 earnings results that Anglo American Platinum (Amplats) will release later this month will be well down. Basic earnings and earnings a share for the period are likely to decrease by... 


New frontiers of renewable energy, green hydrogen and electric vehicles have potential to grow the economy significantly.
Just energy transition could spur R1.5-trillion green investment – Cliffe Dekker Hofmeyr
10th February 2023 By: Martin Creamer

Through the just energy transition investment plan, R1.5-trillion could be invested in South Africa over the next five years in new frontiers of renewable energy, green hydrogen and electric... 


Stage 2 and 3 loadshedding over the weekend
10th February 2023 By: News24Wire

Stage 4 loadshedding will continue from 16:00 on Friday until 05:00 on Saturday morning. It will be downgraded to Stage 3 from 05:00 on Saturday until 05:00 on Sunday, after which it will again be... 


Rudi Dicks, head of the Project Management Office in the private office of the Presidency
NECOM secretariat sees State of Disaster yielding procurement, security benefits
10th February 2023 By: Terence Creamer

The Presidency’s Rudi Dicks, who also heads the National Energy Crisis Committee (NECOM) secretariat, believes the controversial decision to classify the electricity crisis a National State of... 


President Cyril Ramaphosa
Ramaphosa to appoint Minister of Electricity as crisis is declared a national disaster
9th February 2023 By: Terence Creamer

President Cyril Ramaphosa announced that he would be appointing a new Minister of Electricity in The Presidency to coordinate the response to the electricity crisis, which has now officially been... 


ArcelorMittal South Africa CEO Kobus Verster
ArcelorMittal moves ahead with 200 MW Vanderbijl renewables project, studies third-party rail access
9th February 2023 By: Terence Creamer

ArcelorMittal South Africa (AMSA) expects initial construction work on a 200 MW renewable-energy plant in Vanderbijlpark, Gauteng, to begin during the fourth quarter of 2023, with a feasibility... 


Ivanhoe Mines founder and CEO Robert Friedland.
Global renewable energy generation to hit 320 GW this year, Mining Indaba hears
9th February 2023 By: Martin Creamer

Renewable energy capacity will increase by 8% to 320 GW this year, Ivanhoe Mines founder and CEO Robert Friedland told the Investing in African Mining Indaba on Wednesday at an event themed on the... 


Seriti CEO Mike Teke.
Seriti wins plaudits for decarbonising its coal mines while keeping coal lights on
8th February 2023 By: Martin Creamer

The 91% black-owned and -controlled Seriti Resources was seen at the Investing in African Mining Indaba as setting a compelling example by generating wind energy to decarbonise its coal mining... 


Amplats says payouts to decline as a result of loadshedding impact
8th February 2023 By: Bloomberg

Anglo American Platinum (Amplats), the No 1 platinum miner by value, said investor payouts will drop as worsening power outages in South Africa curb output and push up costs. “Will our investors... 


President Cyril Ramaphosa and DRC president Félix Tshisekedi.
Ramaphosa determined to remove all impediments in way of sustained mining growth
7th February 2023 By: Martin Creamer

The Presidency is determined to remove all impediments in the way of the sustained growth of the South African mining industry, President Cyril Ramaphosa told the Investing in African Mining Indaba... 


Outgoing Eskom CEO André de Ruyter and outgoing Minerals Council South Africa CEO Roger Baxter.
Seriti Green comes in for praise during Eskom, Minerals Council fireside chat
7th February 2023 By: Martin Creamer

The coal-to-renewables initiative of Seriti Green, the 91% black-owned and black-controlled Seriti Coal associate, came in for special praise at the interesting fireside chat between outgoing Eskom... 


Loadshedding affecting traffic lights
Blackouts may cost South Africa R899m a day, Reserve Bank says
7th February 2023 By: Bloomberg

South Africa’s electricity crisis is costing the economy as much as R899 million a day, according to central bank estimates. Rolling blackouts of about 6 to 12 hours a day, or so-called Stage 3 and... 


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