http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.88Change: -0.04
R/$ = 12.56Change: 0.06
Au 1097.15 $/ozChange: 0.09
Pt 986.00 $/ozChange: 2.00
 
 
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 Letters 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|Africa|CoAL|Diamonds|Electra Mining|Eskom|Export|Mining|PROJECT|Africa|Zambia|Emeralds|Energy|Gemstones|Rubies|Electra Mining|Operations
Engineering|Gold|Africa|CoAL|Diamonds|Electra Mining|Eskom|Export|Mining|PROJECT|Africa|Zambia|Emeralds|Energy|Gemstones|Rubies|Electra Mining|Operations
engineering|gold|africa-company|coal|diamonds|electra-mining-company|eskom|export|mining|project|africa|zambia|emeralds|energy|gemstones|rubies|electra-mining|operations
© 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
Transnet National Ports Authority CIO Mmutle Lentle
Updated 2 hours 21 minutes ago State-owned enterprise Transnet National Ports Authority’s (TNPA’s) new Web-based integrated port management system (IPMS) went live on July 26 at the Port of Durban, with crude oil tanker Colorado being the first vessel to be brought into the port using the new...
Updated 2 hours 41 minutes ago South Africa’s automotive industry is not in crisis – but there is a very real danger that inertia could see it regress into lightweight assembly rather than claim its place as a globally competitive vehicle manufacturer. Speaking at the National Localisation Indaba,...
Updated 2 hours 56 minutes ago Ahead of the start of construction of the Gibela Rail Transport Consortium’s R1-billion modern manufacturing facility and ancillary supplier business park, in Dunnottar, on the East Rand, the company gathered in excess of 450 aspiring contractors at a sector-specific...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Meyerton-based steel tank manufacturer Structa Technology is currently rolling out a water infrastructure build programme that supports local municipalities, water utilities, schools, hospitals and clinics. As a member of the Structa Group, Structa Technology proudly...
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
DIMITRI MARKOULIDES An innovation champion must involve employees in innovation projects and keep them updated to enable them to support and drive innovation and create the future of the business
An innovation champion course that trains executives to manage innovation in their organisations aims to help companies grow revenue streams and tap new markets, says business change management consultancy BMGI South Africa innovation practice lead Dimitri...
Future digital workplaces will require employees to continuously learn new “literacies”, including new media, information and technical skills, to help their company thrive and spur personal growth. Information technology (IT) research firm Gartner, thus, suggests...
Only 25% of large construction projects surveyed in KPMG’s Global Construction Project Owner’s Survey, released in June, were concluded on time and within budget over the last three years. “Every project owner wants predictability when it comes to large projects, and...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96