http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.86Change: 0.02
R/$ = 13.25Change: 0.06
Au 1132.68 $/ozChange: -2.17
Pt 1010.00 $/ozChange: -10.00
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Mar 27, 2009

27/03/2009 (On-The-Air)

Back
podsafm_27032009
 
 
 
Engineering|Gold|Africa|CoAL|Exploration|Flow|Mining|Nuclear|Renewable Energy|Renewable-Energy|Screen|Storage|Water|Africa|Energy|Flow|Power
Engineering|Gold|Africa|CoAL|Exploration|Flow|Mining|Nuclear|Renewable Energy|Renewable-Energy|Screen|Storage|Water|Africa|Energy|Flow|Power
engineering|gold|africa-company|coal|exploration|flow-company|mining|nuclear|renewable-energy|renewable-energy-company|screen|storage|water|africa|energy|flow-industry-term|power
© 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: In an hour’s time South Africa will be launching its first major onslaught against global warming with the opening on a new clean-coal technology centre. Tell me more.

Creamer: At nine o’clock today the Minister of Minerals and Energy Buyelwa Sonjica will represent South Africa’s first onslaught against global warming. She will be opening this new clean-coal-technology centre called the Centre for Carbon Capture and Storage.

This carbon capture and storage is something that was punted by the new US President, Barack Obama, during his campaign. We also see that the Prime Minister of the UK, George Brown, is saying it must happen. The International Energy Agency wants 200 of these before 2030.

At the G8 Summit that is coming up soon, this is going to be an issue. People are really backing coal. We are a coal-based economy and we can see the world not wanting to move away from coal. Even though this carbon capture-and-storage technology is going to be expensive, they are still backing it ahead of going straight into nuclear.

If it becomes too expensive, nuclear might very much come into its own beforehand. What is envisaged it that the carbon capture and storage is taking that carbon dioxide that is pumped into the air by these power stations, capturing it and then injecting it into the ground.

It is a way of giving a breathing space so all the renewable energy initiatives can come in that will not be carbon forming.

Modise: The pouring of the first commercial gold from under the City of Gold is on track for the middle of this year. I thought mining was taken to other parts of the country and was no longer taking place in the City of Gold.

Creamer: Johannesburg, mining began here 123 years ago. We have forgotten about those days, but they’re returning. We see Central Rand Gold, which is listed on the London Stock Exchange and the Johannesburg Stock Exchange, now coming forward with an announcement that the first commercial gold coming out of there will be mid-2009.

By the end of 2009 they will be producing at a rate of 100 000 ounces a year. Then they want to move in 2010 to 250 000 ounces and eventually a million ounces a year from 2012. There is still a lot a gold under Joburg.

This is now being recognised by this company, Central Rand Gold. They are using techniques that are new, of course. There will be low-noise blasting and no mine dumps. They promise that they won’t pollute any water and they are using mechanised mining techniques more common in coal mining.

So, we see a lot of difference there now coming through. These old names that we remembered like Consolidate Main Reef, which is where they have started mining now, Crown Mines and Village Deep, Robertson Deep, all there old names are starting to come back on to the radar screen.

Modise: Finance Minister Trevor Manual is offering a 100% tax write-off to new small-mining initiatives.

Creamer: Yes, Trevor Manual wanted to emulate Canada. They have the flow-through scheme, which has created a mining investment culture second to none, with big investment in Canada, Toronto and Vancouver.

We thought that we are a mining country and we needed to emulate this. Trevor Manual then got studying this with his Treasury and then decided with the Minerals and Energy that they were going to reject this idea of just copying the Canadians with their flow-through scheme and would introduce a new scheme, which is quite interesting and it actually begins with the investor.

It looks like creating a new class of investor and venture capital companies. So, it is going to require people to come up to the plate to start making sure they benefit from this, but the people that will invest are the investors which are either individuals or listed companies.

They will have a generous 100 % tax right-off, but they have got to invest through funds that have still got to be formed. Venture capital funds and venture capital companies are the companies that will invest in the junior miners. There are a lot of conditions.

If there is any criticism it is perhaps because Trevor Manual is now targeting the very-low, bottom-end of the junior mining spectrum, and some people are a little bit disappointed with that, they wanted it more holistic.

It could be a good starting point and it is a very interesting model and it could create this culture that we have been looking for in investing in miners, particularly in the junior mining fraternity, and in exploration.

Modise: 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
South Africans once mighty gold mining companies are preparing for worst-case scenarios. A major effort is being made to get cargo off the roads and back on to rail using a new app. The full weight of legislation is being thrown behind South Africa’s new...
More
 
 
Latest News
Updated 3 hours ago Koeberg unit 2 will be shut down on Monday August 31 for scheduled refuelling and maintenance and is expected to return back to service by mid-December 2015, Eskom said late Monday afternoon. The scheduled shutdown of Koeberg unit 2 is part of Eskom’s overall...
Updated 3 hours ago South Africa is set to play host to Africa’s first international renewable-energy conference, providing a platform to showcase the continent’s numerous renewable-energy projects to high-level international delegates, in Cape Town, from October 4 to 7. The South...
Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe
Updated 3 hours ago President Jacob Zuma has transferred the Ministry of Planning, Monitoring and Evaluation to the Department of Planning, Monitoring and Evaluation (DPME), thus completing the reconfiguration of government in line with changes made to the National Executive in May...
More
 
 
Recent Research Reports
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
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 $96 Close
Subscribe Now for $96