Apr 06, 2010
Daily podcast – April 6, 2010Back
Johannesburg|BHP Billiton|Eskom|Isuzu|SEW Eurodrive|Africa|Mozambique|South Africa|Controversial Electricity Supply Agreements|Drive Technology|F-Series|Drive Technology
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Tuesday, April 6, 2010.
From Creamer Media in Johannesburg, I'm Shannon de Ryhove.
Making headlines today:
Mining giant BHP Billiton and South African power utility Eskom will renegotiate controversial electricity supply agreements currently in place for BHP's aluminium smelters in South Africa and Mozambique. The utility expects that the final agreements will be signed by the third quarter of this year.
Eskom says that this is a significant milestone that results in a new pricing path which won't be linked to commodity pricing and foreign currency.
The details of the negotiations and proposals are confidential, but have been developed after lengthy discussions between the two parties.
Sales continued to dart out of the red last month, recording a 20,1% increase over March last year, and a 10,9% gain compared with February this year.
Naamsa also revised its growth expectation for the year upwards, from 7% as recorded in March, to a much more positive 12%.
The City of Johannesburg invites public comment on the proposed draft amendments to its rates policy for the 2010/11 financial year.
That's a round up of news making headlines today.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines
Other Intellectual Property Law News
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