Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
There are big implications for South Africa’s power plan as Eskom’s sales fall to 2006 levels.
A new-breed platinum operator hits the jackpot in the unmapped Waterberg.
And, Eskom may approach Nersa as its coal costs continue to surge.
State-owned utility Eskom reported a 3.7% decline in electricity sales to 216 561 GWh for the year ended March 31, 2013, lowering its sales to levels similar to those reported in 2006 and 2007, prior to the 2008 power crisis. It had been budgeting sales for the year of 222 083 GWh, which would have represented a 1.2% contraction.
Eskom CEO Brian Dames
Canadian platinum aspirant Platinum Group Metals recently flew journalists over the company’s new award-winning platinum find beyond the mapped northern limb of Bushveld Complex. The shallow, mechanisation-facilitating deposit may have the potential to turn the new breed into best of breed should the deep, dark and dangerous old school mines continue to suffer escalating legacy issues.
Platinum Group Metals president and CEO Mike Jones
Power utility Eskom has indicated that it plans to engage with the National Energy Regulator of South Africa (Nersa) on ways to claw back primary-energy costs that are rising well ahead of what has been allowed for in the tariff determination.
Eskom CFO Paul O'Flaherty
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