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
© 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
Other Intellectual Property Law News
Recent Research Reports
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 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...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Johannesburg-based locomotive solutions provider DCD Rolling Stock officially launched Phase 1 of its R240-million recapitalisation programme at its Boksburg manufacturing facility, last month.
Sales of electric cars should pick up once more such vehicles become available on the South African market, says Nissan South Africa (SA) chief marketing manager Ross Garvie. The local arm of the Japanese car company launched the country’s first fully electric...
Denel Land Systems’ (DLS) Mechem division is successfully marketing the latest version of its highly regarded Casspir mine-protected vehicle, the Casspir NG2000 series wide body ambulance. As its description says, this has a notably wider body than standard...
The infrastructure boom in Africa has seen investment in 322 megaprojects reach $222.7-billion, says professional services firm Deloitte in its ‘African Construction Trends’ report. Deloitte Southern Africa infrastructure and capital projects leader André Pottas...
ASME, the international engineering profession’s cooperative, educational and training, research, outreach and codes and standards development organisation (originally the American Society for Mechanical Engineers, founded in 1880), is seeking to improve the...