http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 17.88Change: -0.10
R/$ = 15.88Change: -0.04
Au 1237.82 $/ozChange: 0.47
Pt 955.50 $/ozChange: -4.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 02, 2011

02/12/2011 (On-The-Air)

Back
safmpod_24122011
 
 
 
Africa|Botswana|Building|CoAL|Cutting|Diamonds|Engineering|Environment|Gas|Mining|Power|Technology|Africa|Service|Services|Environmental|Iron Ore|Iron-ore
Africa|Botswana|Building|CoAL|Cutting|Diamonds|Engineering|Environment|Gas|Mining|Power|Technology|Africa|Service|Services|Environmental|Iron Ore|Iron-ore
africa-company|botswana|building|coal|cutting|diamonds|engineering|environment|gas|mining|power|technology|africa|service|services|environmental|iron-ore|iron-ore-person
© Reuse this



Every Friday morning, SAfm’s AMLive’s radio anchor Gillian De Gouveia speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday’s At the Coalface transcript:

De Gouveia: Some very interesting news coming through, good news for some 6 200 iron-ore workers.

Creamer: I call it the pretty face of black-economic empowerment. It has come shining through for 6 209 iron-ore workers who have become half-millionaires over night.

This is thanks to Kumba Iron Ore. Five years ago they gave share options to their workers, everybody below management from the cleaners to the tea makers and across the board, they offered these shares. It was only 3% of the company, which looks a very meagre amount, but that 3% over 5 years has become worth nearly R3-billion.

They have seen a magnificent uplift in the value of the shares and they have also been getting their dividends along the way.

Now this first ESOP as they call it, which is an employee share ownership plan, has matured. So, before Christmas you will have 6 209 shareholder workers from Kumba Iron Ore becoming half-millionaires pre-tax.

De Gouveia: That is the kind of bonus we are talking just ahead of Christmas. They certainly are leading the way setting quite a high bar if one can put it that way for other companies.

Creamer: We hear of CEOs and top management and MDs getting these share options, that is why a guy becomes a CEO, he wants those share options. You don’t hear of workers getting share options.

Just look at what it has done for this company, their productivity is huge, their unions have backed this all the way. It is from the ordinary workers share in this without any discrimination and you see that it has set an example for the world.

De Gouveia: Certainly is good and I’m sure they are all going to be have a fantastic Christmas.
Moving on to some other news this week. Canada prepares to take on Botswana in the new fight for world diamond dominance. Tell us more about that.

Creamer: In Southern Africa, we just look across the border and we see Botswana as a diamond giant, almost what Saudi Arabia is to oil, Botswana is to diamonds.

You think that they are going to dominate this without a fight, because they are up at 27% of the world diamonds by value. You start forgetting about other countries, where there is also a lot of diamond mining. I must say that Canada is popping up very sharply.

There is a lot of new diamond mines coming up there. They are not only saying that they are going to diamond mine, they are starting to go through the rhetoric that Botswana has taken a long time to go through.

Botswana is now saying that it wants to cut and polish, make jewellery, wants to have financial services and all the other aspects of diamond aggregations that people come to Botswana and Gaborone to select their diamonds.

Canada is now talking the exact same language that they also want to do this. You say to them but how are you going to compete on the cutting side with countries like China and India. The advantage of China and India is slipping away very fast because of technology.

The new technology that is coming through enables people to do it at a very high level. Because the wage inflation is rising dramatically in India and China and wage inflation is very low in Canada, it is becoming a different story.

I think Botswana, when they muscled De Beers into taking the centre of gravity of diamonds from London and putting it in Gaborone – and they succeeded in doing it and that process is taking place – I hope they never got the idea that they have got a monopoly there.

De Gouveia: There is nothing quite like good competition to motivate people to work harder.

Creamer: Yes, lets hope they do.

De Gouveia: COP 17 dominating headlines this week and some interesting news coming through that the South African Weather Service has now got a dual job – it must now also blow the whistle on air pollution transgression.

Creamer: This is very interesting. The new legislation that is coming through, the South African Weather Service Amendment Bill, which has been Gazetted, adds a new weapon to the arsenal of the services and gives them a new job.

They become pollution watchdogs. It is coming just at the COP 17 time and we see that one of their phases, and they are going to go through various phases of this monitoring process, the first phase is to actually set the building blocks in place and get all the legislative framework right. Part of the second phase is actually to also deal with not only the normal air pollution, but also the greenhouse gasses that they are talking about in Durban, the carbon dioxide emissions.

They are over time going to take over the role – we have got 94 monitoring stations around the country and we build new ones quite regularly – they are in the process now of taking over these air quality monitoring stations around the country from the Department of Environmental Affairs.

They are working with them on this new issue where almost in real time in the third phase, they will move towards a real time monitoring of air pollution and greenhouse gas emissions, so that they can actually see in real time what is happening and if these people transgress then you can move much faster.

We see that the whole idea is to improve South Africa’s situation with regards to clean air and environment. Interestingly you see them also setting up now these air quality monitors being built in Limpopo province.

You know, Mpumalanga is the pollution hot spot at the moment, everything from greenhouse gas emissions to Nox and Sox and nitrogen oxides and sulphides coming into the air, but it is going to happen one in Limpopo, because we see the big Medupi power station going up there and talk of other coal-fired power stations.

This is being prepared through new legislation coming through Parliament now where the South African Weather Service won’t only just forecast weather, but they will also forecast pollution.

De Gouveia: Thanks very much. Martin Creamer is publishing editor of Engineering News and Mining Weekly, he’ll be back with us at the same time next week.


 

Edited by: Creamer Media Reporter
© Reuse this

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other SAFM
More
 
 
Latest News
The Competition Tribunal on Friday gave a conditional go-ahead for mobile operators Cell C, MTN and Vodacom to buy out their respective subscriber bases, as South Africa’s last independent service provider Altech Autopage calls it a day. The Allied Electronics...
The drought in Southern Africa could become one of the worst on record should the current below-normal rainfall continue, the United Nations (UN) World Food Programme said this week. The El Niño conditions presently being experienced in the region had resulted in a...
Kelibone Masiyane has been appointed the new MD of PPC Zimbabwe, succeeding Njombo Lekula, who had recently been redeployed as MD of PPC’s international operations. Masiyane would be supported by new PPC commercial director Iain Sheasby and new PPC GM of finance...
More
 
 
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
 
 
 
 
 
This Week's Magazine
WIDENING FLEXIBILITY The trailers have a 3-m-wide (2-file) and 4.3-m-wide (2-file) configuration
Lifting, transporting, installing and ballasting solutions provider Ale has expanded its global fleet of trailers and invested in the latest range of widening trailers that can be mechanically widened from 3 m to the desired width for any project. Ale ordered 48 axle...
The market for the BMW 7 Series in South Africa differs quite significantly from the rest of the world. China, the US and the Middle East almost exclusively buy the long-wheel-base version, using the German manufacturer’s luxury high-end sedan as a chaffeur-driven...
January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year. Statistics released by the Department of Trade and Industry show that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.
Information technology (IT) equipment and infrastructure multinational Dell is providing open infrastructure systems for clients so that they can use any systems, including innovative new systems, that suit their business needs, says Dell Europe, Middle East and...
South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $149 Close
Subscribe Now for $149