http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.28Change: -0.07
R/$ = 10.68Change: -0.12
Au 1294.24 $/ozChange: -3.32
Pt 1477.00 $/ozChange: -2.50
 
 
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  
 
 
Apr 23, 2008

Daily podcast - April 23, 2008

Back
April 23 2008
Johannesburg|Africa|BHP Billiton|CoAL|Copper|Eskom|Highveld|Lonmin|Platinum|Rio Tinto|Safety|Africa|Australia|Australia|Norway|South Africa|Zimbabwe|USD|Energy|Mining|Infrastructure|Iron Ore|Jerry Vilakazi|Kofi Annan|Mercedes Benz|Power|Western Australia|East Africa
|Africa|CoAL|Copper|Eskom|Platinum|Safety|Africa||||Energy|Mining|Infrastructure|Iron Ore|Power||
johannesburg|africa-company|bhp-billiton|coal|copper|eskom|highveld-company|lonmin|platinum|rio-tinto|safety|africa|australia|australia-country|norway|south-africa|zimbabwe|usd|energy|mining|infrastructure|iron-ore|jerry-vilakazi|kofi-annan|mercedes-benz|power|western-australia|east-africa
© Reuse this This podcast is brought to you by Mercedes Benz Commercial - the right partner.



Wednesday, April twenty three, 2008

From Creamer Media in Johannesburg, I'm Shannon O'Donnell

Making headlines today:

Business Unity South Africa, or BUSA, has written to the National Energy Regulator of South Africa calling for it to abandon its current accelerated review of Eskom's request for a 60% tariff increase, so as to give stakeholders sufficient time to compile comprehensive responses.

Speaking at a media briefing in Sandton on Tuesday, CEO Jerry Vilakazi indicated that it was also unhappy with the level of information it had received from Eskom as to why it required such a significant increase only months after requesting a far more modest rise.

Vilakazi thus appealed for greater transparency from the utility, as well as from government, which has come out in support for the power utility's application.

(audio clip)

Busa also called for stronger leadership from the Southern African Development Community, or SADC, to ensure the speedy release of the much-delayed Zimbabwe election results.

Vilakazi said that the political situation in Zimbabwe was not only damaging the Zimbabwean economy, but that it also had the potential to negatively effect the South African economy, as well as undermine the necessary regional integration of SADC.

Diversified mining giant, BHP Billiton, which has launched a hostile takeover for smaller rival Rio Tinto, on Wednesday reported a 22% rise in third quarter iron-ore production, to a record 28-million tons.

The higher iron-ore output, which was likely to strengthen its one hundred and forty seven billion dollar bid for Rio Tinto, came on the back of its Western Australia iron-ore operations achieving record quarterly production and shipments in a "seasonally challenging" quarter.

BHP Billiton also reported record quarterly production of manganese ore, despite restrictions on power consumption in South Africa.

A portfolio manager at financial institution Investec said on Tuesday that the platinum price was expected to close this year at levels above two thousand four hundred dollars an ounce, in an "enormously tight" market.

Investec's forecasts were that there would be a supply deficit of 400 000 ounces of the white metal this year, but other market watchers were calling for a deficit of as much as 600 000 ounces.

This came as producers in South Africa wrestled with the power supply quandary, safety setbacks and skills shortages.

Also making headlines:

Oil steadies above 118 dollars with a focus on supply disruptions
Duferco unit to buy Highveld's vanadium assets for 160 million dollars
East Africa gets 1,5 billion dollars for infrastructure
Lonmin second quarter platinum sales are up, again cutting full-year target
Teck Cominco expects record copper and coal profits in the coming year
And, Eastplats secure long-lead items for South African platinum mine

In political news:

Africa shows impatience on Zimbabwe crisis
Norway Prime Minister sees aid for Zimbabwe if vote results are settled
Pro-Tibetans protest as Olympic torch lands in Australia
And, Kofi Annan warns of 'hunger disasters'

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...
HIGH COST FOR GOOD HEALTH Linezolid, one of the only effective treatments for drug resistant tuberculosis, is priced at R676 a pill in South Africa
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...
More
 
 
Latest News
Updated 2 minutes ago Nigeria-focused oil and gas explorer Oando Energy Resources (OER) on Wednesday announced that it had completed the acquisition of the Nigerian upstream oil and gas business of New York-listed ConocoPhillips for a total cash consideration of $1.5-billion as well as a...
Updated 8 minutes ago The disciplinary hearing of telecommunications giant Telkom’s suspended CFO Jacques Schindehütte was set to resume next Wednesday. Telkom said it hoped the hearing would result in a definitive resolution on the matter of Schindehütte’s personal conduct after a...
Updated 25 minutes ago While unauthorised expenditure by South Africa’s municipalities has declined year-on-year, irregular expenditure has recorded a R2-billion increase as municipalities failed to follow legislated procurement procedures, the latest Auditor-General South Africa audit...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
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