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Loadshedding News
Merafe seeks to shield business from electricity price hikes 
By: Darren Parker 20th March 2023 Ferrochrome company Merafe is considering proposals for the construction of renewable energy facilities and is in discussions with power utility Eskom to secure a negotiated pricing agreement (NPA) to mitigate against unsustainable high electricity costs, the JSE-listed company reported on... →
Rand Refinery CFO urges for greater localisation in jewellery industry
By: Darren Parker 20th March 2023 The gold and silver beneficiation industry needs stronger localisation laws to protect local economic development of small-, medium- and micro-sized enterprises (SMMEs) who participate in the sector, says precious metals refiner Rand Refinery CFO Dean Subramanian. He was speaking at a ceremony... →
Exxaro well-advanced on own-mine renewables plan, says new energy MD
By: Martin Creamer 17th March 2023 Coal miner Exxaro has advanced considerably on progressing the generation of renewables to supply electricity to its own mining operations, newly appointed Exxaro MD for Energy Leon Groenewald said in response to Mining Weekly during Thursday’s media conference at which the JSE-listed coal,... →
Large industrial customers face 19.09% electricity hike on April 1
By: Terence Creamer 17th March 2023 The National Energy Regulator of South Africa (Nersa) has published retail tariff adjustments for 2023/24 that include a 10% increase for poor residential customers, instead of the 18.65% approved for the standard tariff. This lower hike to poor customers will be paid for through a 29.53%... →
Coal miner Exxaro to build 68 MW solar power plant in Limpopo 
By: Martin Creamer 16th March 2023 Financial close is expected at the end of this month for construction in the second quarter of this year of a 68 MW solar power plant at a cost of between R1.52-billion and R1.56-billion, Exxaro CEO Dr Nombasa Tsengwa said during Thursday’s record-earnings presentation by the coal, energy and... →
Eskom’s 18.65% hike has been tabled in Parliament opening way for April implementation
By: Terence Creamer 16th March 2023 The average tariff increase for various categories of Eskom customers arising from the National Energy Regulator of South Africa’s (Nersa’s) recent allowable revenue decision has been tabled in Parliament as is required for these increases to be legally implemented on April 1. On January 12,... →
Orion will now build smaller but get base metals into production far sooner
By: Martin Creamer 15th March 2023 What South Africa’s base metals mining aspirant Orion Minerals has been trying to do over the last two years is to drive a very typical historic project financing arrangement for junior mining. This very typical historic project financing model involves getting banks in for between 60% and 70% of... →
Eskom granted exemption to operate temporary stacks at Kusile for 13 months
By: Terence Creamer 15th March 2023 Forestry, Fisheries and the Environment Minister Barbara Creecy has granted Eskom exemption that will enable it to operate temporary stacks at the Kusile power station, in Mpumalanga, for 13 months without using the flue-gas delsuphurisation (FGD) mechanism. The exemption, which was granted on... →
Banking has crucial role to play in enabling mining to transition to clean energy, says Nedbank CIB
By: Martin Creamer 14th March 2023 The banking sector has a crucial role to play in enabling mining companies to transition to clean energy fully, says Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo. “Innovative funding structures and sustainable-finance solutions can help... →
Re-pursue exploration to help re-build South Africa’s economy, says business booster
By: Martin Creamer 13th March 2023 Let us re-pursue the exploration investment that catalysed South Africa’s economic growth more than a century ago as a means of helping to rebuild South Africa’s struggling economy. That is among the ardent messages put over by mining sector performance enhancer Dilley Naidoo, the the director of... →
Progress being made in reforming South African electricity sector, assures Presidency official
By: Rebecca Campbell 13th March 2023 Major changes were indeed under way in the country’s electricity sector, South African Presidency project management head Rudi Dicks assured the RES4Africa Energy Security Conference in Cape Town, on Monday. “There is a risk that we miss the [reform] wood for the [crisis] trees,” he said. South... →
We stand ready to support renewable energy, says Standard Bank
By: Martin Creamer 10th March 2023 Standard Bank says it is at the ready to support renewable energy and infrastructure projects. The bank, which this week delivered record 37%-higher headline 2022 earnings of R34.2-billion and paid the highest dividend in its 161-year history, expresses the view that meaningful structural reform... →
W Cape appoints former Eskom exec to tackle energy issues in the province
By: Sane Dhlamini 10th March 2023 Western Cape Premier Alan Winde said following his last meeting with Andre de Ruyter, where the former Eskom CEO painted a bleak picture of South Africa’s energy situation, the province has roped in former Eskom executive Alwie Lester to help tackle the crisis. In an exclusive interview with... →
Another just energy transition drive hits high spots in form of Just Green AfrH2ica
By: Martin Creamer 9th March 2023 Yet another just energy transition initiative has come flying out of its starting blocks in the form of Just Green AfrH2ica, the promoter of the just energy transition to green hydrogen in Africa, the continent with the distinctive potential to benefit exponentially from low-cost renewable energy... →
Platinum-based hydrogen fuel cell vehicles forecast to be TCO unrivalled by 2026/7
By: Martin Creamer 8th March 2023 The total cost of ownership (TCO) of platinum-based hydrogen fuel cell electric vehicles (FCEVs) is forecast to be less than that of battery electric vehicles (BEVs) by 2026, and less than that of internal combustion engines (ICEs) by around 2027, with an overall estimated 50% FCEV cost decline... →
Creecy to decide this week on way forward for Kusile exemptions
By: Terence Creamer 8th March 2023 The Department of Forestry, Fisheries and the Environment (DFFE) tells Engineering News that Minister Barbara Creecy has received a letter from Eskom requesting her to issue directions in terms of the disaster management regulations to exclude the construction of the temporary stacks at Kusile... →
The temporary stacks would by-pass the flue-gas desulphurisation system (pictured)
Platinum market back in contango, big improvement of net investment expected – WPIC
By: Martin Creamer 8th March 2023 The World Platinum Investment Council (WPIC) today publishes its Platinum Quarterly for the fourth quarter of 2022, full year 2022, and a revised forecast for 2023. After two years of significant surpluses the platinum market is forecast to move to a material deficit in 2023. The change from the... →
Five substation sites specified in 513 MW battery storage tender
By: Terence Creamer 7th March 2023 The Department of Mineral Resources and Energy (DMRE) has confirmed that five substation sites have been specified by Eskom for the public procurement of battery energy storage systems (BESS) with a combined capacity of 513 MW and a minimum of four hours of storage, or at least 2 052 MWh. A bid... →
Economy slumps in fourth quarter as power crisis escalates
By: Reuters 7th March 2023 South Africa's economy contracted more than expected in the last quarter of 2022, as an escalation in rolling power cuts contributed to most sectors from agriculture to mining shrinking. The data means South Africa could be heading for recession and highlights the damage that the worst... →
Ramokgopa says assessment will determine what powers he needs to close 10 GW electricity deficit
By: Terence Creamer 7th March 2023 Newly-appointed Minister of Electricity, Kgosientsho Ramokgopa, reports that he will conduct an assessment over the coming seven to 14 days to help determine what powers he will request President Cyril Ramaphosa to transfer to him to tackle a supply deficit of about 10 000 MW. Ramokgopa’s deficit... →
Kgosientsho Ramokgopa appointed ‘transitory’ Minister of Electricity as Ramaphosa seeks urgent action on loadshedding
By: Terence Creamer 6th March 2023 As anticipated, Dr Kgosientso Ramokgopa has been appointed as South Africa’s Minister of Electricity, a position which President Cyril Ramaphosa described as transitory and which has been created specifically to coordinate efforts to tackle the "severity and frequency of loadshedding as a matter... →
Turn energy, logistics threats into opportunities, African Rainbow Minerals CEO urges
By: Martin Creamer 6th March 2023 South Africa's energy and logistics threats should be turned into opportunities, says African Rainbow Minerals (ARM) CEO Mike Schmidt. Speaking to Mining Weekly in a Zoom interview following ARM’s presentation for 40% higher headline earnings at R5 171-million, Schmidt urged the country to never... →
Hydrogen economy continuing to build, Implats’ Sifiso Sibiya reports
By: Martin Creamer 3rd March 2023 Momentum in the hydrogen economy is continuing to build, Implats group executive refining and marketing Sifiso Sibiya reported when he presented an Implats slide outlining global market trends for the platinum group metals (PGM) of the Johannesburg Stock Exchange-listed company, which this week... →
DTIC to act as one-stop shop for streamlining of energy project applications
By: Terence Creamer 3rd March 2023 The Department of Trade, Industry and Competition (DTIC) has been designated as the “single department” referred to in the recently published State of Disaster (SoD) regulations to coordinate the “streamlining and expediting of applications and decision-making procedures for regulatory processes... →
Forestry, Fisheries and Environment Minister Barbara Creecy says any environmental exemptions granted under yet-to-be-published directions will be approved on a 'case-by-case basis'
Implats unable to stem inflation tide as well as hoped, says CEO
By: Martin Creamer 3rd March 2023 Platinum group metals mining and marketing company Implats was unable to stem the high global inflation tide in the six months to December 31. Half-year group unit costs per six element (6E) ounce rose 15% to R19 346/oz. Fuel inflation hit Implats' Canada operation at the sky-high level of 71%.... →
Implats reports big response to request for information on wheeled renewables
By: Martin Creamer 2nd March 2023 Platinum group metals mining and marketing company Impala Platinum (Implats) has had a major response to its request for information (RFI) for electricity through wheeling from renewable energy sources to its South African operations. “I must say the response was overwhelming, given the other... →
Implats benefits from strong demand, R4.3bn allocated to energy, decarbonisation
By: Martin Creamer 2nd March 2023 Platinum group metals (PGMs) mining and marketing company Implats benefitted from strong demand for its primary products in the half-year to December 31, amid a robust rand PGMs pricing environment, which mitigated the financial impact of broad-based inflationary pressures, the JSE-listed company... →
Harmony’s cheaper electricity and productivity surge can extend mine life
By: Martin Creamer 1st March 2023 The three-phase renewable energy rollout of Harmony Gold is not only driving decarbonisation but also the reduction of electricity costs, which has the potential to extend mine life through a triple-win outcome. On the productivity front, strides are being made under the S300 business improvement... →
Harmony CEO hails strong performance of South African mines despite loadshedding
By: Martin Creamer 1st March 2023 The South African operations of Harmony Gold did very, very well in the six months to the end of December last year load curtailment notwithstanding, Harmony Gold CEO Peter Steenkamp said during a media call on Wednesday. “There are many mines that performed above expectation,” Steenkamp said in... →
Harmony Gold’s net profit soars 36%, 30 MW solar by mid-year
By: Martin Creamer 1st March 2023 The Harmony Gold strategy of allocating growth capital towards high-margin, long-life assets has started to deliver the desired results. Good recovered underground grades along with the strong rand-per-kilogram gold price have provided Harmony with tailwinds. →
Higher commodity prices failing to spur fixed mining investment
By: Martin Creamer 28th February 2023 The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is... →
State of disaster regulations open way for emergency procurement, environmental exemptions 
By: Terence Creamer 28th February 2023 More than two weeks after President Cyril Ramaphosa announced that the electricity crisis had been declared a National State of Disaster, the regulations giving effect to that declaration have been Gazetted. In a statement issued on February 28, it was confirmed that the regulations were approved... →
Eskom denies tipping into Stage 8 loadshedding, but confirms revised framework could go up to Stage 16
By: Terence Creamer 24th February 2023 Embattled State-owned utility Eskom has denied having implemented either Stage 7 or Stage 8 loadshedding during what it acknowledged to have been a “tough week”, during which it reported power cuts exceeding 7 000 MW over some evening peaks. Each stage of loadshedding typically equates to 1 000 MW. →
Eskom appoints Calib Cassim as interim CEO after De Ruyter's early exit
By: News24Wire 24th February 2023 Eskom chief financial officer Calib Cassim has been appointed as interim CEO following the abrupt departure of André de Ruyter, the power utility announced on Friday morning. De Ruyter was initially set to leave Eskom at the end of March, but late on Tuesday night, it was announced that he was... →
Eskom acting CEO Calib Cassim
Moves under way to appoint acting Eskom CEO, as De Ruyter’s interview sends shockwaves
By: Terence Creamer 23rd February 2023 The South African government reports that an acting Eskom CEO will be appointed “in due course” following the sudden departure of CEO André de Ruyter. De Ruyter’s exit more than a month before his expected departure on March 31 was confirmed hours after the airing of an explosive television... →
Anglo has 600 MW keyed up ready to go, green hydrogen also developing rapidly, says Wanblad
By: Martin Creamer 23rd February 2023 All policy in South Africa specifically relating to energy certainly does tend to be moving into a path of time and space where it really is incentivising the building out of renewable energy generation capacity in the country, said Anglo American CEO Duncan Wanblad on Thursday when the London-... →
Minerals Council welcomes 125% energy tax break in Budget speech
By: Martin Creamer 22nd February 2023 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 tax incentives as outlined in the 2023 Budget Speech. The Minerals Council believes there should be... →
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