May 04, 2010
Weekly podcast – May 5, 2010Back
Johannesburg|Eskom|Kumba Iron Ore|SEW Eurodrive|Sishen Iron Ore Company|Africa|South Africa|High Court|Northern Cape Mine|Sishen Mine|Drive Technology|Iron-ore Miner|Steel|Steel Producer|Northern Cape|Anne O'Donnell|Bobby Godsell|Buyelwa Sonjica|Cyril Ramaphosa|Jacob Maroga|Jacob Zuma|Jerry Vilakazi|Drive Technology
© Reuse this
Wednesday, May 5, 2010.
From Creamer Media in Johannesburg, I'm Mary-Anne O'Donnell.
Making headlines this week:
The JSE-listed miner said that, unless there was urgent resolution on an interim pricing and payment mechanism, the basis upon which it would continue to supply iron-ore to the steel producer could be affected.
KIO didn't immediately indicate a timeframe for reaching such an agreement. However, a spokesperson said that the time period shouldn't exceed eight weeks.
The two companies have been in dispute over the future pricing of iron-ore flowing from the Sishen mine since February 5, when Sishen Iron Ore Company notified AMSA that it was cancelling a favourable supply deal, struck in 2001, on the basis that AMSA had failed to convert its 21,4% undivided share of the Northern Cape mine in line with the demands of the Mineral and Petroleum Resources Development Act.
The details of the proposals are contained in a document tabled at a meeting of Parliament's water affairs portfolio committee this week, and appear to fly in the face of an announcement made by Water Affairs Minister Buyelwa Sonjica last month.
She told a media briefing at Parliament in April that she wanted to allay the fears of South Africans that there is not in the near future a possibility of a [tariff] hike. She said that it wasn't in the pipeline.
However, the department's media liaison director, Linda Page said that the minister was responding to a question on whether there were likely to be tariff increases linked to funding for infrastructure and thus potential increases in the price of raw water.
Page said that the increases that the water boards are proposing... are the normal annual increases linked to the CPIX because they operate on a cost recovery basis.
This followed the judgment last Friday in the High Court in Johannesburg that former CEO Jacob Maroga wouldn't be reinstated to his position.
The parastatal was now able to appoint a new CEO as the court had also ruled that Maroga couldn't prevent Eskom's board from naming a successor.
Eskom acting chairperson Mpho Makwana said Eskom would share further information on the appointment as soon as the process was completed.
Maroga was fired by the Eskom board in November 2009 after he denied that he had offered to resign from the parastatal.
South Africa will need to rely on a generation mix to secure future power supply.
That's a round up of news making headlines this week.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines
Other Intellectual Property Law News
Recent Research Reports
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...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 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...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Johannesburg-based locomotive solutions provider DCD Rolling Stock officially launched Phase 1 of its R240-million recapitalisation programme at its Boksburg manufacturing facility, last month.
Sales of electric cars should pick up once more such vehicles become available on the South African market, says Nissan South Africa (SA) chief marketing manager Ross Garvie. The local arm of the Japanese car company launched the country’s first fully electric...
Denel Land Systems’ (DLS) Mechem division is successfully marketing the latest version of its highly regarded Casspir mine-protected vehicle, the Casspir NG2000 series wide body ambulance. As its description says, this has a notably wider body than standard...
The infrastructure boom in Africa has seen investment in 322 megaprojects reach $222.7-billion, says professional services firm Deloitte in its ‘African Construction Trends’ report. Deloitte Southern Africa infrastructure and capital projects leader André Pottas...
ASME, the international engineering profession’s cooperative, educational and training, research, outreach and codes and standards development organisation (originally the American Society for Mechanical Engineers, founded in 1880), is seeking to improve the...