http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.51Change: 0.08
R/$ = 10.50Change: 0.05
Au 1288.02 $/ozChange: -7.55
Pt 1409.00 $/ozChange: -19.50
 
 
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
 
Nelson Mandela 1918 - 2013   Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science & Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 22, 2008

On-The-Air (22/02/2008)

Back
On-The-Air (22/02/2008)
London|China Development Bank|Engineering News|Eskom|Mining Weekly|Rio Tinto|Africa|Botswana|China|Kenya|South Africa|Uganda|Mining|Oil|Oil Activities|Oil And Gas Policy|Oil Refinery|Struck Oil|Cynthia Carroll|Jeremy Maggs|Martin Creamer|Limpopo|Limpopo Province|Engineering News|Mining Weekly
london|china-development-bank|engineering-news|eskom|mining-weekly-company|rio-tinto|africa|botswana|china|kenya|south-africa|uganda|mining|oil|oil-activities|oil-and-gas-policy|oil-refinery|struck-oil|cynthia-carroll|jeremy-maggs|martin-creamer|limpopo|limpopo-province|engineering-news-published-medium|mining-weekly
© Reuse this



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

Maggs: You say that Uganda has struck oil and will begin producing its first barrels mid-year.

Creamer: That’s right. Uganda has struck oil in the western side of the country and it will be producing by July, they say. This is the result of early exploration there. They say that it is a relatively small section that they’ve struck oil in and will produce something like 300-million barrels. Uganda’s Minerals Minister reports that the good news is that there are seven other prospects.

The company has now compiled a new oil and gas policy and has invited bids for explorers to come into the area. These bids are being evaluated as we speak. Also, oil is on the agenda in quite a big way in Uganda because of the troubles in Kenya. As a result of the problems in Kenya, they have actually decided to put up their own oil refinery.

So quite a few oil activities in Uganda.

Maggs: Anglo American teaming up with the China Development Bank to search for mining opportunities in Africa. Should we be surprised?

Creamer: It is quite a good combination, because here we have Anglo American, one of the oldest mining companies in Africa, born in South Africa, and then we have the China Development Bank, which is now an expert at rolling out infrastructure. It is an all embracing infrastructure provider and, of course, State-owned.

You have these two combinations coming into Africa at a time when Africa is desperate for additional infrastructure in order to leverage the wealth of Africa. You have got to have that infrastructure because it always lowers the cost of mining. The two coming in together present quite an awesome scenario, if it can gel. The new CEO of Anglo American, Cynthia Carroll, spoke quite enthusiastically about it this week, in reply to some analysts in London.

The outlook is that they should be working together, because quite soon, even perhaps effecting South Africa, because she spoke of Anglo’s need to look at its own power generation in some instances, because of the power crisis here. One of the very innovative ideas, she said, is that she would possibly consider towing in a power barge and mooring it in one of our harbours. She said she is speaking to China about that and, “we’ll see what comes up,” she said.

Maggs: Let’s stay with mining, and Rio Tinto has discovered a billion tons of coal in South Africa’s Limpopo Province.

Creamer: Yes, another very large mining company, Rio Tinto, is enlarging its profile in Africa and Southern Africa and doing quite a bit of exploration for coal in the Limpopo province and coming up with a discovery in the Soutpansberg coal basin. More than a billion tons have been unearthed there and they say that they can recover 40% of that for a power station.

They are looking now at feasibility of establishing a mine there, but linked to a power station. They are talking with the State-owned Eskom, but they also make a point of saying that they are talking with independent power providers. We can see, possibly, an entry of the private sector. We have noticed the private sector entering the power generation field across the border in Botswana, in the Mmamabula coalfield there.

CIC Energy is wanting to put up a large mine, but also a very large power station and a type of Sasol. So, ambitious activities on the border and the latest statement from CIC Energy is that, according to their calculation, even if Eskom put in these additional 16 000 MW, there is still going to be a regional power deficit. This gives opportunity to others to enter the fray and now Rio Tinto is looking at that.

Maggs: 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
 
 
 
 
 
 
 
 
Other Intellectual Property Law News
More
 
 
Latest News
Few would argue with the notion that unemployment, which stands at around 25% on the narrow definition as reported by Statistics South Africa, remains one of the country’s most pressing challenges. Fewer still could contest the view that South Africa’s education...
Renewable-energy projects, such as this Northern Cape solar farm, seen as key to low‐carbon energy supply.
Upfront investment costs will and should remain a critical consideration as South Africa moves to upscale and accelerate its infrastructure programmes. But one of the lead authors of the latest Intergovernmental Panel on Climate Change (IPCC) argues that the...
The barrier to efficient water service delivery in South Africa was not of a technological nature but rather related to legal and Constitutional challenges, Water Research Commission (WRC) CEO Dhesigen Naidoo said on Thursday. Opening a WRC debate under the theme...
More
 
 
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
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...
 
 
 
 
 
This Week's Magazine
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
MORE IN SA Phase 2 should see local content on the mainline locomotive increase from 65% to 80% by the end of 2014
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
South Africa’s sole nuclear power station Koeberg, which is located in the Western Cape, breached a major operations milestone on April 4, which marked the thirtieth anniversary of Unit 1 having been connected to the grid. Eskom, which operates the two-unit plant,...
 
 
 
 
 
 
 
 
 
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