http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.22Change: -0.23
R/$ = 11.16Change: -0.09
Au 1240.10 $/ozChange: -4.17
Pt 1243.50 $/ozChange: -18.70
 
 
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  
 
 
Feb 17, 2012

17/02/2012 (On-The-Air)

Back
safmpod17-02-12
Engineering|Gold|Africa|AngloGold Ashanti|BrightSource Energy|CoAL|Design|Engineering News|Mining Weekly|Platinum|PROJECT|Projects|Reserve Bank Tito|Safety|Turbines|Africa|South Africa|United States|Mponeng Mine|Building|Energy|Mining|Martin Creamer|Power|Rail|Turbines|Operations|Engineering News
Engineering|Gold|Africa|CoAL|Design|Platinum|PROJECT|Projects|Safety|Turbines|Africa|||Building|Energy|Mining|Power|Rail|Turbines|Operations|
engineering|gold|africa-company|anglogold-ashanti|brightsource-energy|coal|design|engineering-news|mining-weekly-company|platinum|project|projects|reserve-bank-tito|safety|turbines-company|africa|south-africa|united-states|mponeng-mine|building|energy|mining|martin-creamer|power|rail|turbines-person|operations|engineering-news-published-medium
© Reuse this



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

Gwala: The government’s latest approach to mine safety is evoking a howl of industry protest.

Creamer: Nobody is against stopping mines when there are serious incidents and fatalities. What they are objecting to is that mines are being stopped for several days now, losing the country billions of rand for minor infringements.

They speak about a rail sleeper that is substandard resulting in mines closing for five days instead of just replacing the sleeper. I’ve noticed that the former governor of the Reserve Bank Tito Mboweni, who has been in mining now for some time as the chairman of AngloGold Ashanti, at the presentations he has never uttered a word.

On Wednesday after his CEO was really peppered by a lot of analysts saying that production is flat, what is the outlook, what are these stoppage doing, he stood up in an unscheduled verbal intervention and urged the government to stop using a sledgehammer on the industry. He got the feeling that this industry is being regulated to death.

If you look at the non-fatal ounces that we’ve lost, in other words ounces that we would have produced and sold worth billions of rands that were not sold. It is like in the case of Anglo American Platinum with about 109 000 ounces of platinum not linked to any death or serious situation in the mines.

In other words minor infringements are causing these closures and causing South Africa to lose hand-over-fist when it comes to production and the sales of their metals and minerals.

Gwala: South Africa’s AngloGold has given the green light to big new gold projects worth more than R6-billion.

Creamer: This is good news, because we haven’t had an incentive to invest in mines according to the industry at the moment. A lot of the hard-rock miners, particularly in platinum are saying that there is no real incentive to invest.

So, it was good to see within the gold space where AngloGold made record $1,3-billion profit in the last year that their board took a decision this week to actually plough R6-billion into their cornerstone operations in the Free State and in the Gauteng, North West area.

We are seeing the Moab Khotseng Zaaiplaats in the Free State is getting an injection of nearly R3-billion. The Mponeng mine, which is on the West Wits, is getting more then R3-billion. That is over a five-year period and looking to extend these cornerstone mines for another 30 years.

Although they will be built conventionally, in other words they are not introducing any new technology yet, provision is being made for this great new dream that AngloGold has to be able to mine at depths never before ventured using new technology that is safer and takes people away from the vulnerable areas and goes for a non-blasting technique that Mother Nature doesn’t even know you are removing this gold from the area.

So that is going to take place in parallel that they get the technology ready while they start preparing the longevity for another 30 years of these mines.

Gwala: Sasol, which is best known for converting coal into petrol, is now pursuing power from a far different source – the sun.

Creamer: Sasol has let it be known that they have gone into a partnership with Americans and French to develop what they call a power tower. The design is being undertaken now and there should be some sort of finality on it in the third quarter of this year.

So they have roped in Brightsource Energy of the US, which is building a very big solar power project in the Californian Desert and also the French Alstom which is cross-shareholding with Brightsource to investigate the feasibility of putting up a concentrated solar power project. That is again the use of mirrors and heliostats to direct the rays of the sun to a concentrated point.

Thereafter, that is why the French Alstom is involved, you go back to conventional way of producing electricity because you use that heat that is directed to a boiler to raise steam, just like you do in a normal power station and then to turn the turbines to generate the electricity. In actual fact, if you look at the situation, if they get very well versed with this concentrated solar power they could apply it at our normal power stations.

Why not have, in addition to your coal-fired steam raising, also solar-powered steam raising to add that new dimension. So, we are mixing the old technologies with the new technologies and you can see them coming together now and Sasol preparing to do this.

Also, when we look around at these urban areas and we see a lot of mine dumps and slimes dams we know that even though they reprocess those and they take the gold out of it and everything they can, there is still going to be that material that has to be dumped.

These are normally dumped in the new slimes dam-type structure which is 30 metres high and flat on top, those could be perhaps sites for new big solar power projects where you could have concentrated solar power perhaps on an old slimes dam or mine dump as we call them. That could be combining the old with the new again making use of the old sites for a new technology and they are calling it concentrated solar power.

Gwala: 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 Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other SAFM
More
 
 
Latest News
Swedish Ambassador to South Africa Christian Meuwly will next week inaugurate the final roll-out of the new vertical shaft brick kiln (VSBK) at clay brick manufacturer Langkloof Bricks’ facility in Jeffrey’s Bay. The VSBK formed a part of economic, social and...
Hot on the heels of the launch of Rustenburg’s rapid transport system’s brand name and logo last week, a negotiation framework agreement (NFA) has been formally agreed to and signed by the Rustenburg Local Municipality (RLM) and taxi and bus operators affected by the...
The runway at the George Airport, in the Western Cape, has been rehabilitated to improve safety, in terms of run-off and storm water drainage, and the structural capacity of the pavement surface. The scope of work comprised the extension of Runway 11/29, the...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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 road...
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.
 
 
 
 
 
This Week's Magazine
Integrated energy and chemical company Sasol has partnered with Unisa Graduate School of Business Leadership (SBL) professor and founder and CEO of PanAvest Partnership Dr Douglas Boateng to publish a series of books on executive supply chain management aimed at...
MORNÉ DU PLESSIS Increased urgency and burgeoning awareness of the importance of these issues are beginning to change political risks and, thus, State responses to environmental concerns
The World Wide Fund for Nature’s (WWF’s) 2014 Living Planet Index (LPI) indicates that there has been a 52% decline in vertebrate species since 1970. The Index tracked the trends of 10 000 discrete populations of over 3000 vertebrate species between 1970 and 2010.
Rwanda has joined a number of East African countries seeking to import electricity from Ethiopia as its demand grows. After it became apparent several generation project it is implementing will not come on stream early enough, now plans to import 400 MW from Ethiopia...
Metrorail’s first new passenger train will arrive in November next year, says Passenger Rail Agency of South Africa (PRASA) CEO Lucky Montana. “Next year we will be able to put our hands around the infrastructure and equipment we have been talking about for so long.”
The Competition Commission has launched an investigation into what it says are “price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive components to original equipment manufacturers” (OEMs, or vehicle...
 
 
 
 
 
 
 
 
 
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