Apr 22, 2008
Daily podcast - April 22, 2008Back
Gold|Johannesburg|Africa|Copper|Eskom|Exploration|Harmony Gold|Newcrest Mining|Africa|Australia|China|Ecuador|Ethiopia|Papua New Guinea|Qatar|South Africa|Zimbabwe|USD|Hidden Valley Mine|Building|Crude Steel|Energy|Gold Producer|Mining|Solutions|Steel|Steel Production|Hidden Valley|African National Congress' National Working Committee|International Iron And Steel Institute|Mercedes Benz|Power|Steyn Speed
© Reuse this This podcast is brought to you by Mercedes Benz Commercial - the right partner.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell
Making headlines today:
The African National Congress' National Working Committee, or NWC, which last week called for a halt to the public-participation process being run by the National Energy Regulator of South Africa into Eskom's request for a 60% hike in the interests of broader consultation, agreed on Monday that the process should be allowed to continue.
ANC spokesperson Steyn Speed said that, while he had not received a full briefing on the outcome of the meeting, he understood that the ANC now planned to make a formal submission to Nersa, which would be independent to any presentation that might be made by government.
In a statement released after the gathering in Johannesburg, the NWC said the ANC remained committed "to finding solutions that serve the interests of the South African people, particularly workers and the poor, and which assist the process of economic growth, job creation and development".
For the quarter ended March 31, the year-on-year rise was five comma six percent to three hundred and forty comma seven million tons.
China produced one hundred and twenty four million tons of crude steel during the three-month period, which represented an eight comma six percent increase. However, China's production for the month of March swelled by eleven comma five percent compared with March 2007, to forty four comma nine million tons.
The two would jointly operate the assets, which include the Hidden Valley mine that Harmony is building, as well as exploration tenements.
The Hidden Valley mine was expected to begin producing mid-2009, peaking at 300 000 ounces a year of gold in 2011.
Newcrest said that it would fund the deal from internal cash flows.
High oil price is dampening world growth says the IMF's Lipsky
In political news:
Tsvangirai discusses Zimbabwe crisis with UN chief
That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
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...
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...