http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.23Change: -0.04
R/$ = 11.08Change: -0.05
Au 1216.25 $/ozChange: -9.98
Pt 1337.00 $/ozChange: -12.00
 
 
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  
 
 
Jan 20, 2012

20/01/2011 (On-The-Air)

Back
safmpod_20012012
Engineering|London|Port|Africa|Australian Stock Exchange|CoAL|Engineering News|Mining Weekly|Platinum|PROJECT|Resources|Safety|South African Airways|Water|Xstrata|Africa|Europe|Democratic Republic Of Congo|Republic Of Congo|South Africa|By-product|Clean Electricity|Electricity|Emission Electricity|Energy|Energy Source|Energy Sources|Mining|Product|Proper Infrastructure|Steel|Cynthia Carroll|Infrastructure|Iron Ore|Martin Creamer|Peter Freyberg|Rail|Water|Engineering News|Fuel Cells
Engineering|Port|Africa|CoAL|Platinum|PROJECT|Resources|Safety|Water||Africa||Democratic Republic Of Congo||Energy|Mining|Steel|Infrastructure|Iron Ore|Rail|Water||
engineering|london|port|africa-company|australian-stock-exchange|coal|engineering-news|mining-weekly-company|platinum|project|resources|safety|south-african-airways|water-company|xstrata|africa|europe|democratic-republic-of-congo|republic-of-congo|south-africa|byproduct|clean-electricity|electricity|emission-electricity|energy|energy-source|energy-sources|mining|product|proper-infrastructure|steel|cynthia-carroll|infrastructure|iron-ore|martin-creamer|peter-freyberg|rail|water|engineering-news-published-medium|fuel-cells
© Reuse this



Every Friday morning, SAfm’s AMLive’s radio anchor Xolani Gwala speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday’s At the Coalface transcript:

Gwala: The government is considering the creation of a Special Economic Zone to reap maximum benefit from South Africa’s unique position in platinum. Tell us about that.

Creamer: The government is going for these Special Economic Zones, they call them SEZs, we used to be IDZs and now they are going for something different. Platinum, they say, is a candidate for one of these Special Economic Zones and we agree whole-heartedly.

South Africa is in a unique position when it comes to platinum. Platinum needs to diversify its uses and particularly get a niche in energy. It is waiting there as Cynthia Carroll said at COP17 and the door is wide open for an opportunity to get into fuel cells.

These fuel cells are very versatile and they are very scalable and modular. Their by-product is water, what other energy source generates water? Most of these energy sources use inordinate amounts of water.

They saying that they must try and get a Special Economic Zone where you have got the proper infrastructure set in place and you have got the top up of the incentives to try and get people into South Africa to make fuel cells and also other platinum related auto catalysts.

You already have a tremendous meeting of the minds. We have never had a meeting of the minds between government and big business on an issue like platinum. You see Anglo Platinum putting out a story, which coincides exactly with what the Department of Minerals and Energy and the Department of Science and Technology is saying.

So, it is only a matter of time now for DTI to actually coordinate all this and to use this new Special Economic Zone legislation to make sure we get more value out of platinum. Here we are sitting with an Aladdin’s Cave of treasure and we need to add value to it and we have got this opportunity with fuel cells, hydrogen-using fuel cells.

Hydrogen is in abundance even in the Limpopo they have got that coal-bed-methane that you can get the hydrogen out of and generate electricity. This is zero emission electricity, this is clean electricity, so you are killing two birds with one stone.

You have got the carbon lowered and you have also got value created and, in the words of Cynthia Carroll the CEO of Anglo American, she is saying that you can create hundreds of thousands of jobs in the next 30 years through not only the extraction of the platinum in the mining sense, but also the manufacture, installation, maintenance and opportunities that now bekon for South Africa.

Gwala: South Africans are eyeing the Republic of Congo as a major iron-ore investment destination.

Creamer: We must distinguish here between the DRC, this is not the Democratic Republic of Congo, this is the Republic of Congo, which is next door.

We see South Africans going in there in quite large numbers because of the opportunity that the Republic of Congo offers in the field of iron-ore, a very vital ingredient for steel. We see Exxaro going in there and they’ve made a bid for an Australian company. It is a pity the Australians are always in ahead.

This Australian junior has got in, African Iron, and it is the most advanced iron-ore project there. Our South Africans, which is Exxaro, JSE-listed black-controlled, in other words more then 50% black owned, they have made this bid for African Iron which is listed on the Australian Stock Exchange.

If this goes through on February 14, it will mean that South Africans then take over this iron-ore project, which is close to heavy-haul rail, 2km from heavy-haul rail and is connected to Pointe Noire, the port where there is a deep-water port and potential for bulk exports to both Europe and to the East.

We see South African Airways not fast asleep on this, because you see their adverts now, they are flying twice a week to Pointe Noire. This new opportunity that we are seeing in Africa is floating a lot of boats. Once the miners get in there you can see there is another South African-linked company Xstrata there and they have got the Zanaga project there.

Already 860 people on the ground there, so it shows you how quickly these mines attract a large number of jobs and also a South African involved there Peter Freyberg, formerly from Anglo American now with Xstrata, listed in London, pushing forward the Zanaga project. That is another iron-ore project in the Republic of Congo.

Nearby there is also Equatorial Resources, listed on the Australian Stock Exchange, which has got a plan to put through five-million tons of iron-ore a year. So all thinking of iron-ore coming out of this new frontier, the Republic of Congo.

Gwala: Exciting prospects out in the Republic of Congo.
South Africa is leading the way in the distribution of shareholder-type wealth to mineworkers.

Creamer: We must give this to the South African mining companies they are innovative. You look at 16 000 mine workers now benefiting from a distribution of shareholder-type wealth. We have had a long tradition of top management getting share options and they can exercise these options at the right time when the share price is high and make themselves a lot of money.

They are saying why shouldn’t workers be cut into it. Two companies have done this, the first was Kumba Iron Ore, which turned people into half-millionaires before Christmas.

Now we have Exxaro, again a black-controlled company that have done the same thing. They have had 3% of those shares go to below-management workers and so each of those 9 694 employees have got an average of R135 000 each. So this is pre-tax of course, but this is again showing that you can do well to link your shareholders directly to the company through your workers. How they can then see that productivity is a big thing.

The stoppages of safety shouldn’t happen because then you are going to lose out on that share value. We can see how the unbundling of what was a State-asset, Iscor, both of these have come out of what was formerly a State-asset, by and large.

You can see how unbundling these big company assets can generate huge amounts of wealth. This is a gazillion-fold uplift in value through the unbundling of that old State-owned Iscor’s former mining assets. This is a reflection of that unbundling both in Kumba Iron Ore, which is now Anglo American-controlled, and Exxaro, which is South Africa’s big black-owned company.

Gwala: Thanks very much. Martin Creamer is publishing editor of Engineering News and Mining Weekly, he’ll be back with us at the same time next week.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other SAFM
More
 
 
Latest News
Updated 4 hours ago President Jacob Zuma would next month officially launch the Dube Tradeport, in Durban, as an industrial development zone (IDZ), the Department of Trade and Industry (DTI) announced on Friday. At the launch event, which was scheduled to take place on October 7, the...
Updated 5 hours ago JSE-listed York Timber Holdings on Friday said it expected its operating profit for the year ended June 30 to be between 25% and 30% lower than that of the prior year. As a result of the lower operating profit, combined with a 1% increase in the company’s biological...
Updated 5 hours ago Engineering solutions provider ELB Group has reported an 18% increase in turnover for the year, boosting overall income, from R1.9-billion in 2013, to R2.3-billion for the 12 months ended June 30. Describing this as “a satisfactory result, given the current difficult...
More
 
 
Recent Research Reports
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.
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.
 
 
 
 
 
This Week's Magazine
MANUFACTURING CAPABILITY Reliable Transformers designs and manufactures dry-type and oil-filled power and distribution transformers up to 3.5 MVA
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
GHAREEB SAAD Kaspersky Lab products contain strong heuristics engines that monitor suspicious file execution to detect attacks
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
MICHAEL FLETCHER Real-time information available to government when citizens use publicly funded Wi-Fi networks will enable it to communicate with citizens and provide services
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...
 
 
 
 
 
 
 
 
 
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