http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.30Change: -0.07
R/$ = 10.68Change: -0.06
Au 1293.98 $/ozChange: -1.22
Pt 1477.50 $/ozChange: 0.00
 
 
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  
 
 
Aug 22, 2008

On-The-Air (22/08/2008)

Back
Safm 22 August 2008
Engineering|Gold|Johannesburg|London|Paris|Africa|BHP Billiton|CoAL|Engineering News|Eskom|Johannesburg Stock Exchange|Mining Weekly|PROJECT|Unilever|Africa|Russia|South Africa|Zambia|Grootegeluk Coal Plant|Energy|Huge Future Energy Needs|Mining|Diamonds|Brian Gilbertson|Electra Mining|Martin Creamer|Ricoh Caplio R40 Digital Camera|Engineering News|Mining Weekly
Engineering|Gold||Africa|CoAL|Eskom|PROJECT||Africa|||Energy|Mining|Diamonds|Electra Mining|||
engineering|gold|johannesburg|london|paris|africa-company|bhp-billiton|coal|engineering-news|eskom|johannesburg-stock-exchange|mining-weekly-company|project|unilever|africa|russia|south-africa|zambia|grootegeluk-coal-plant|energy|huge-future-energy-needs|mining|diamonds|brian-gilbertson|electra-mining|martin-creamer|ricoh-caplio-r40-digital-camera|engineering-news-published-medium|mining-weekly
© Reuse this



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

Makwetla: The doyen of South African mining Brian Gilbertson has returned with big investment plans for the thriving coloured gemstone business. I am intrigued already.

Creamer: Brian Gilbertson, the man who created the biggest gold mining company in the world, BHP Billiton, is back with Pallinghurst. He has got his own skin in the game now and he is putting this business through the Johannesburg Stock Exchange.

One of the pillars of that is gemstones and he is saying that these gemstones – emeralds, sapphires and rubies – are at the stage that diamonds were 100 years ago and that the markets are booming in London and Paris and all the jewellery centres.

The actual mining side of it is very fragmented and under-capitalised and Gilbertson is moving in to change that, just as De Beers did 100 years ago. So, he has already got an emerald operation in Zambia, which he is transforming already with a bigger output, and his second pillar is Fabergé, which is the great brand name that was made famous in Russia.

Gilbertson has now got that Fabergé licence, which he bought from Unilever, and there will be a synergy between these gemstones and Fabergé. Of course, they are two separate pillars and will be operated separately, but the finest of the coloured gemstones will be branded with the Fabergé label.

Makwetla: Billions upon billions of rand going into coal mining to meet South Africa’s huge future energy needs.

Creamer: Yes that’s right. We find that if you add up the amounts being invested now in energy coal mining and expansion of coal mining, it is something in the region of R40-billion over the next ten years. We have Anglo Coal coming ahead with four new mines, the biggest of them Zondagsfontein coming through.

BHP Billition with R12-billion being invested in two new operations, the one is the Douglas Middelburg Optimisation project and the other the Klipspruit project. We also have the biggest supplier to Eskom, the black-owned Exxaro, listed on the Johannesburg Stock Exchange.

Their board has just approved a R9-billion additional investment into expanding the operation into Limpopo. The Grootegeluk coal plant that they have in Limpopo is already the biggest in the world, they are now going to double that up and also expand the mine.

We have Xstrata and African Rainbow Minerals with their R3-billion investment in Goedgevonden, which is due to produce next year. Then many medium-sized and smaller energy coal mine mining activities coming through, all on the back of a very strongly rising coal price.

The local price is also better than it was going into Eskom, but then the export prices are up in the high clouds of sometimes up to $150 per ton.

Makwetla: Johannesburg all set to host a record number of visitors for Africa’s biggest mining exhibition.

Creamer: That is the Electra Mining Africa coming up again. There will be about 35 000 people coming through, which is a record number they are expecting. The exhibitors themselves have a record number of 700 exhibitors.

They have taken up every single spare inch of space at the expo centre at Nasrec, which is 34 000 m2 of space. This is the second biggest mining exhibition in the world and it will take place from September 8 to September 12.

Makwetla: 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
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...
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...
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