http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.00Change: -0.01
R/$ = 10.62Change: -0.01
Au 1289.95 $/ozChange: 0.03
Pt 1422.50 $/ozChange: -2.00
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 11, 2009

11/12/2009 (On-The-Air)

Back
podsafm_11122009
Engineering|Gold|Africa|African Rainbow Minerals Coal|Aurora|Blyvooruitzicht Gold Mine|CoAL|Engineering News|Eskom|Industrial|Industrial Development Corporation|Mining Weekly|Nissan|Patrice Motsepe's African Rainbow Minerals Coal|Xstrata Coal South Africa|Africa|Japan|Malaysia|South Africa|United States|Goedgevonden Mine|Majuba Power Station|Electric Car|Mining|Diamonds|Jacob Zuma|Kulubuse Zuma|Martin Creamer|Michael Hulley|Nelson Mandela|Patrice Motsepe|Power|Primrose|Rail|Rob Davies|Tim Modise|Zondwa|Engineering News|Cell Phones
Engineering|Gold|Africa|CoAL|Eskom|Industrial||Africa|||Mining|Diamonds|Power|Rail|||
engineering|gold|africa-company|african-rainbow-minerals-coal|aurora|blyvooruitzicht-gold-mine-company|coal|engineering-news|eskom|industrial|industrial-development-corporation|mining-weekly-company|nissan|patrice-motsepes-african-rainbow-minerals-coal|xstrata-coal-south-africa|africa|japan|malaysia|south-africa|united-states|goedgevonden-mine|majuba-power-station|electric-car|mining|diamonds|jacob-zuma|kulubuse-zuma|martin-creamer|michael-hulley|nelson-mandela|patrice-motsepe|power|primrose|rail|rob-davies|tim-modise|zondwa|engineering-news-published-medium|cell-phones
© Reuse this



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

Modise: South Africa is gearing up to produce batteries for electric cars.

Creamer: Electric cars are on the horizon. We see Nissan are going to mass produce them next in both Japan and US. We see even Nissan in South Africa talking about possible local assembly of electric cars and we look at the battery side of it, which is really 25% of the value of those cars.

We think, it is going to be lunacy to actually import these big batteries, try and put them on a ship and bring these heavy cells here. The idea you have got to adopt is to locally manufacture these.

That is why the Industrial Development Corporation, which is a State-owned entity, is actually working on a feasibility study for producing big batteries here for these vehicles for the electric car. We see that the CSIR, our State-owned research organisation, which has been a custodian of very valuable research and development on batteries.

We know that even our Trade and Industry Minister Rob Davies has confirmed in Parliament that he is looking for a localisation of production of electric vehicle batteries in South Africa. Our South African Bureau of Standards have already produced two standards for these and they are looking to expanding the testing which will include the batteries for electric car.

So, definitely moves a foot, South Africa gearing up to develop and possibly go along the lines of the lithium-ion battery, because that is where we have a lot of skill and technology that the CSIR has developed. That is the sort of technology that is now used in our cell phones and laptops, but of course not on the big scale.

We find that a battery research centre has been developed at the CSIR, they are already producing their first very small lithium-ion battery next year and then the following year they are looking to develop a bigger battery prototype.

Modise: Patrice Motsepe's African Rainbow Minerals wining a contract to supply coal to Eskom for 17 years.

Creamer: A 17-year contract and this is the Goedgevonden mine. It is a very modern coal mine and they have spent R3-billion on this coal mine out in Mpumalanga. It is now producing. Of course, he has got a very good partner there, which is Xstrata Coal South Africa, but African Rainbow Minerals Coal actually owns 51% of that Goedgevonden.

They have got controlling interest. Now, we see that Eskom just awarded them a contract that goes to 2026. A nice contract to have over a 17 year period. So they will be supplying the Majuba power station. Majuba has always been a problem child, because there was a huge error made there.

We always build coal power stations on coal fields and what happened is that they built the power station and then found the coal was unsuitable. They couldn't get the coal and had to truck it in. Patrice Motsepe's African Rainbow Minerals Coal and, of course, their very good partner Xstrata Coal, will be supplying, hopefully by rail, to Majuba to keep the coal fires burning there.

Also, in that coal field they may one day be able to resurrect something through the process of underground coal gasification. In the meanwhile, this is a 17-year contract.

Modise: Nelson Mandela's grandson, Zondwa, buying yet another gold mine - his fourth in as many months.

Creamer: You know, Zondwa Mandela the Aurora company he heads has now spent more then R1-billion on gold assets and he has got a clear strategy - he goes for stressed assets. When something is in liquidation he goes for it.

We saw him buy Orkney out of liquidation, Grootvlei and other East Rand gold properties out of liquidation. The odd one out was Primrose, but that is a very small mine that he has bought and he is using it to train up people. Now the latest is that he spent R376-million to buy 60% of Blyvooruitzicht Gold Mine, which is also stressed. It was in judicial management. He has come in as the helper to capitalise this.

So, not only does he spend on the capital purchases but he puts in operating capital and he has got fantastic partners from Malaysia - AM Equity, which is a private equity company not short of cash. They are looking to going onto the Johannesburg Stock Exchange.

They are working on that, to list possibly Aurora on the JSE. We also see a lot of other iconic names associated. The chairman of Aurora is Kulubuse Zuma, who is the nephew of our President Jacob Zuma, and even Jacob Zuma's lawyer Michael Hulley, he is also in on the act as one of the people involved with Aurora, which is now big in gold and they want to be big in Africa and also in other commodities and I hear a whisper about diamonds aswell.

Modise: Thanks very much. Martin Creamer is publishing editor of Engineering News and Mining Weekly. Martin, you will be taking your usual seasonal break. He will be back At the Coalface with renewed vigour and we expect him back here January 15 next year.

Creamer: Thanks Tim.

 

 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other SAFM
More
 
 
Latest News
Deputy President Cyril Ramaphosa
Updated 7 hours ago South Africa’s economic transformation and inclusive growth will not result from a single intervention but rather a range of mutually supporting initiatives, Deputy President Cyril Ramaphosa said on Thursday, adding that in many cases this did not require new...
Financial services group Nedbank – the largest occupier of green buildings in the country – has officially opened another Green Building Council of South Africa (BGCSA) 4-Star Green Star-rated building, this time, in Roodepoort. Nedbank Lakeview, which served as...
The Independent Communications Authority of South Africa (Icasa) has outlined the conditions for the assignment of capacity on the digital television channels on Multiplex 3 and any excess capacity on Multiplex 1. The latest regulations overseeing the long-awaited...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
Updated 1 hour 5 minutes ago South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
Updated 1 hour 5 minutes ago There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
Updated 1 hour 5 minutes ago The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
Updated 1 hour 5 minutes ago UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Updated 1 hour 5 minutes ago Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
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