May 13, 2008
Daily podcast - May 13, 2008Back
Gold|Johannesburg|Africa|Copper|Energy Intensive Users Group|Eskom|Free State|Industrial|Mitsubishi|MTN|Pamodzi|PROJECT|Projects|Rio Tinto Alcan|Wall Street Journal|Africa|Congo|South Africa|Uganda|United States|Coega Smelter|Aluminium Producer|Energy|Energy-intensive Projects|Steel|African National Congress|Jacob Maroga|Ndaba Ntsele|Paul Van Niekerk|Peter Steenkamp|Power|Robert Valdmanis|Steyn|Willie Madisha|Operations|Middle East
© Reuse this This podcast is brought to you by Mitsubishi Fuso - you can rely on us.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
World number-one aluminium producer Rio Tinto Alcan said on Monday that the task team looking into the timing of its planned aluminium smelter at Coega was making good progress, and that the firm still viewed South Africa as a "good place to do business".
Director of communications and external relations for the Coega smelter, Robert Valdmanis, said that the company was not phased by reports of the ruling African National Congress embarking on a review of energy-intensive projects "in line with the country's strategic needs".
In fact, he said that Rio Tinto Alcan would gladly work with the party to examine how the proposed project would benefit the country, but that nobody had contacted the firm to this end thus far.
The Energy Intensive Users Group, or EIUG, comprising Eskom's biggest industrial customers, was sceptical of the utility's ability to continue through winter without load shedding, and was waiting for a date to meet with its CEO Jacob Maroga, Paul van Niekerk, a technical advisor to the group, said on Monday.
This was after many of the EIUG members continued to ration themselves to a power usage level of 90% of their normal demand.
Van Niekerk said that some of the group's members had spent "huge amounts" on making alternative power arrangements.
He raised questions over the sustainability of Eskom's load shedding suspension ahead of winter, when power use was traditionally higher.
Gold junior Pamodzi was looking to buy more gold mines, chairperson Ndaba Ntsele said on Monday.
Ntsele said that the company was talking to its neighbours in both Orkney and the Free State to buy adjacent mines.
This follows Pamodzi's recent take over at President Steyn gold mine in the Free State and also Orkney gold operations in the North West Province. The company's other two operations are on the East Rand and West Rand.
Pamodzi CEO Peter Steenkamp said Pamodzi's new North West Shaft on the East Rand, which was officially opened on Monday, would be producing at a rate of 30 000 tons a month at a gold grade of three to four grams a ton, in addition to the current 90 000 tons a month of underground East Rand production.
Also making headlines:
Africa mobile subscriber grows 33% says GSMA
In political news:
Attacks on immigrants dent South Africa's image
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...
Updated 5 hours ago Industrialisation remains a major part of the South African developmental agenda and an important vehicle towards achieving the Department of Trade and Industry’s (DTI’s) target of creating 100 black industrialists in the next five years, Trade and Industry...
Updated 5 hours ago The construction of a new innovation hub in the heart of the Dube TradePort, in Durban, was set to kick off in March 2016, as Dube TradePort Corporation sealed a R160-million lease agreement with Eureka Capital. Eureka Capital planned to develop a seven-storey 21 500...
Updated 6 hours ago South Africa will become the first African country to host the Organisation for Economic Cooperation and Development’s (OECD’s) Steel Committee Conference when the committee’s seventy-seventh session takes place in Cape Town between December 11 and 12. The...
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
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.