Apr 22, 2008
Daily podcast - April 22, 2008Back
Johannesburg|Eskom|Harmony Gold|Newcrest Mining|Australia|China|Ecuador|Ethiopia|Papua New Guinea|Qatar|South Africa|Zimbabwe|USD|Hidden Valley Mine|Crude Steel|Gold Producer|Steel|Steel Production|Hidden Valley|African National Congress' National Working Committee|International Iron And Steel Institute|Mercedes Benz|Steyn Speed
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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
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