http://www.engineeringnews.co.za
R/€ = 15.90 Change: -0.01
R/$ = 14.08 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61
 

Coal & Diesel News

Banks urge Ramaphosa to put politics aside in fixing State firms  

By: Bloomberg     15th February 2019 A lobby group representing South African banks urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ruling African National Congress if he is to boost confidence in the economy before May elections. Ramaphosa’s plan to split its troubled... 

Event set to dissect the future of African energy

By: Paige Müller     15th February 2019 The eleventh edition of the Africa Energy Indaba – which will take place at the Sandton Convention Centre, in Johannesburg, from February 19 to 20 this year – will focus on the future prospects and direction of energy on the African continent from an energy provision and investment point of view.... 

Event set to dissect the future of African energy
Photo by Duane Daws
AFRICA’S ENERGY FUTURE The Africa Energy Indaba will take place at the Sandton Convention Centre, in Johannesburg, from February 19 and 20 this year

Power utility business models set to change

15th February 2019 According to Africa Energy Indaba organiser Siyenza, African power utilities must respond appropriately to impending forces to prevent being surpassed by technological and market change. The organiser explains that several disruptive forces are set to threaten the traditional power utility... 

Power utility business models set to change
Photo by Duane Daws
A CHANGING FUTURE Several disruptive forces are set to threaten the traditional power utility business model

Energy capacity shortfalls stunting Africa’s industrialisation efforts

By: Paige Müller     15th February 2019 Insurance company the Export Credit Insurance Corporation of South Africa (ECIC) says there are significant shortfalls and backlogs in Africa’s installed energy capacity, which is stunting the continent’s efforts to industrialise and expand its local economies. ECIC COO Mandisi Nkuhlu stresses... 

Energy capacity shortfalls stunting Africa’s industrialisation efforts
UPDATING INFRASTRUCTURE The ECIC is aiding Mozambique State utility Electricidade de Mocambique in a project to finance the rehabilitation of the country’s electricity infrastructure in northern Mozambique and in Maputo

Kibo, Edenville’s shares knocked by Tanesco bid rejection

By: Marleny Arnoldi     14th February 2019 The share prices of Kibo Energy and Edenville Energy took a knock on Thursday after the companies announced that they had not qualified to participate in the next stage of a bidding process by the Tanzania Electricity Supply Company (Tanesco) to develop coal power projects with a total capacity... 

Kibo, Edenville’s shares knocked by Tanesco bid rejection
Kibo's drilling at the Mbeya coal-to-power project, in Tanzania

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling 

By: Terence Creamer     14th February 2019 President Cyril Ramaphosa acknowledged on Thursday that there had been insufficient consultation with labour on government’s plan to unbundle Eskom into three separate companies, but he also stressed that the proposed restructuring would not result in privatisation. In his response to the debate... 

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling
President Cyril Ramaphosa

NUM seethes over lack of consultation on Eskom unbundling 

By: Terence Creamer     14th February 2019 The National Union of Mineworkers (NUM) has expressed deep unhappiness with the decision of President Cyril Ramaphosa to announce the unbundling of Eskom in the absence of any prior consultation with the union, which is a formal ally of the governing African National Congress (ANC). The union,... 

NUM seethes over lack of consultation on Eskom unbundling
NUM president Joseph Montisetse (left) listens while his general-secretary David Sipunzi speaks during a media conference

Shifting R100bn in Eskom debt to government will have ‘dire’ economic consequences 

By: Terence Creamer     13th February 2019 Amid confirmation that Eskom is technically insolvent and will require a capital injection by April to remain a going concern, a leading economist is cautioning against the proposed transfer of R100-billion of the utility’s debt to government’s balance sheet. Instead, Standard Bank chief... 

Shifting R100bn in Eskom debt to government will have ‘dire’ economic consequences
Photo by Creamer Media
Standard Bank chief economist Goolam Ballim

Lemur completes review of power BFS for Imaloto project

By: Tasneem Bulbulia     13th February 2019 Bushveld Minerals subsidiary Lemur has completed the review of the bankable feasibility study (BFS) for the power aspect of its Imaloto integrated thermal coal mining and independent power producer (IPP) project, in Madagascar. It has also issued a request for proposals for legal advisory... 

South Africa not planning to privatise Eskom after split – Gordhan

By: Reuters     13th February 2019 South Africa is not planning to privatise embattled power utility Eskom after the firm is split into three separate entities of generation, transmission and distribution, Public Enterprises Minister Pravin Gordhan said on Wednesday. "At no stage has the president said, or the government... 

South Africa not planning to privatise Eskom after split – Gordhan
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

South Africa's biggest labour group embarks on nationwide strike

By: Bloomberg     13th February 2019 South Africa’s biggest labor federation will embark on a nationwide protest on Wednesday that will keep teachers, policemen, miners and workers at embattled power utility Eskom away from their posts amid a fourth day of rolling blackouts. The National Union of Mineworkers -- an affiliate of the... 

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan  

By: Terence Creamer     12th February 2019 The future structure of South Africa’s debt-laden electricity producer Eskom emerged as the central topic during the debate on President Cyril Ramaphosa’s February 7 State of the Nation Address (SONA), in which he announced that the utility would be split, under Eskom Holdings, into three... 

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan

Eskom blames new-plant faults as South Africa blackouts continue

By: Bloomberg     12th February 2019 Struggling power utility Eskom started a third day of power outages, blaming issues including failures at two huge new power stations that are also the main source of the company’s massive debt. Eskom on Tuesday implemented rotational power cuts of 3 000 MW. The utility Monday resorted to the... 

Opinion: Are there really more jobs in coal than in renewables? 

By: Tobias Bischof-Niemz     12th February 2019 There is considerable support in South Africa for the notion that a transition in the electricity system from coal to renewable energy will trigger a jobs bloodbath at both Eskom and the Mpumalanga coal mines. A detailed analysis of the job numbers, however, suggests quite the opposite. In fact,... 

Opinion: Are there really more jobs in coal than in renewables?
Dr Tobias Bischof-Niemz

Gordhan meeting Eskom executives over power crisis 

By: Reuters     11th February 2019 Public Enterprises Minister Pravin Gordhan is meeting executives from state power firm Eskom on Monday to find solutions to the country's electricity crisis, Eskom spokesperson Khulu Phasiwe told Reuters. Eskom said on Monday it would cut 4 000 MW from the national grid from 13:00 after six... 

Gordhan meeting Eskom executives over power crisis
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Moody's says split plan does little to solve South Africa's Eskom financial woes 

By: Reuters     11th February 2019 The South African government's plan to split struggling state power company Eskom into three entities does little to address the company's financial difficulties, credit ratings agency Moody's said in a research report. "The move paves the way for a more transparent group with more clearly... 

DA calls for parliamentary debate on Eskom

By: African News Agency      11th February 2019 As Eskom resumed load-shedding, the Democratic Alliance (DA) on Monday demanded a parliamentary debate on the crisis gripping the power utility. Senior DA MP Natasha Mazzone said it was imperative that it takes place before Thursday, when President Cyril Ramaphosa will reply to the debate on the... 

DA calls for parliamentary debate on Eskom

Stage 2 load-shedding to start at 09:00

By: Creamer Media Reporter      11th February 2019 Power utility Eskom on Monday said Stage 2 load-shedding would start at 09:00 and would likely continue until 22:00.   "Although a number of generating units have returned to service as per the nine-point recovery plan, regrettably additional units continue to trip. This results in a shortage of... 

Stage 2 load-shedding to start at 09:00

Industry shares sentiments on Eskom, energy landscape following SoNA 

By: Marleny Arnoldi     8th February 2019 Following President Cyril Ramaphosa’s State of the Nation Address (SoNA) on Thursday evening, Business Unity South Africa (Busa) said it concurred on the urgent need to implement an effective turnaround strategy at Eskom.  The organisation also welcomed the general thrust of policies mapped out... 

Industry shares sentiments on Eskom, energy landscape following SoNA

Ramaphosa promises ‘meaningful consultation’ as he confirms split of Eskom into three units 

By: Terence Creamer     7th February 2019 President Cyril Ramaphosa confirmed on Thursday that South Africa’s embattled State-owned electricity producer would be split, under Eskom Holdings, into three separate entities – generation, transmission and distribution – in an effort to bring credibility to the turnaround of the utility and to... 

Ramaphosa promises ‘meaningful consultation’ as he confirms split of Eskom into three units
Photo by Reuters
President Cyril Ramaphosa

Sort out Eskom or beneficiation will suffer, warns Mantashe

By: Kim Cloete     7th February 2019 Mineral Resources Minister Gwede Mantashe has expressed concern about progress in beneficiating minerals, while Eskom is still battling. “If we don’t sort out Eskom problems, we are going to be in trouble with beneficiation. There must be an arrangement for certain categories of customers for an... 

South Africa to unveil Eskom support package in coming days – Ramaphosa

By: Reuters     5th February 2019 South Africa will in the coming days unveil a package of measures to shore up State-owned Eskom's finances and address structural issues facing the struggling power firm, President Cyril Ramaphosa said on Tuesday. "In the coming few days we will be announcing a package of measures to stabilise as... 

Unions oppose potential split of Eskom 

By: Reuters     5th February 2019 South African trade union federation, the Congress of South African Trade Unions (Cosatu) said on Tuesday that it opposed a proposal to split up Eskom into three different entities, adding that it would not solve the struggling utility's governance and debt problems. "We don't support unbundling... 

High Court to hear environmental organisations’ application for access to coal IPP documents 

By: Marleny Arnoldi     5th February 2019 The Pretoria High Court will, on Wednesday, hear an application brought by environmental organisations, groundWork and Earthlife Africa, for the handover of various documents relating to the judicial review of the environmental authorisations granted to two coal-fired power station preferred... 

South32’s South Africa Energy Coal expresses concern about Eskom’s fragile state 

By: Kim Cloete     4th February 2019 Mining and metals company South32 says it is concerned about the challenges that have increasingly threatened the stability of South African power utility Eskom and needs to ensure the continuity of supply of its coal to Eskom in the long run. South32’s South Africa Energy Coal (SAEC) company... 

South32’s South Africa Energy Coal expresses concern about Eskom’s fragile state
Globally diversified mining and metals company, South32, says it is concerned about the challenges that have increasingly threatened the stability of Eskom. Video and editing: Nicholas Boyd

Corruption Watch files Eskom board delinquency papers

By: Bloomberg     4th February 2019 South African civil-society organization Corruption Watch said it has launched an application in the High Court of Pretoria to have former Eskom board members declared delinquent. The application “focuses on the violation of fiduciary duties and gross negligence on the part of former board... 

Global demand for coal rises despite uncertainty

By: Kim Cloete     4th February 2019 Despite a move to renewable energy, particularly in Europe, demand for coal globally soared in 2018, led by low calorific value (CV) coal demand. The strongest import markets were China and India, while Indonesia performed extremely strongly on the supply side. China’s demand for coal... 

Coal exports have not risen since 2008, with the IRP posing a further threat, says Minerals Council

By: Kim Cloete     4th February 2019 Coal production, exports and investment in the industry have remained stagnant since 2008, despite higher export prices and South Africa’s abundant coal reserves, says the Minerals Council South Africa. “Even as the coal export price soared, export volumes failed to respond,” Minerals Council... 

Eskom warns of R20bn losses this year and next, even after big hikes  

By: Terence Creamer     4th February 2019 State-owned electricity utility Eskom is warning that its loss for 2018/19 will be worse, at R20-billion, than the R15-billion loss it had projected earlier and that it will be followed by another big loss in 2019/20 even if it receives hikes it is currently seeking from the regulator. CFO Calib... 

Eskom warns of R20bn losses this year and next, even after big hikes
Photo by Dylan Slater
Eskom CFO Calib Cassim

Eskom says gets R15bn loan from lending consortium

By: Reuters     1st February 2019 South Africa's struggling power firm Eskom has agreed a R15-billion loan facility with a consortium of local and international banks, it said on Friday, an important step as it tries to close a funding gap before the end of March. Eskom is vital to the health of Africa's most industrialised... 

Technical defects at Medupi and Kusile resulting in serious underperformance  

By: Terence Creamer     1st February 2019 State-owned electricity producer Eskom has offered a sobering update on the difficulties it is having at its Medupi and Kusile coal projects, which are not only years behind schedule and significantly over budget, but are now also beset with technical defects that are resulting in a serious... 

Technical defects at Medupi and Kusile resulting in serious underperformance

Eskom revises tariff upwards as it unveils shock changes to Nersa submission  

By: Terence Creamer     1st February 2019 Embattled electricity utility Eskom has made shock adjustments to its revenue application currently before the National Energy Regulator of South Africa (Nersa), which, if approved, would translate into tariff increases that are even higher than the 15% a year hikes sought in its initial... 

Eskom revises tariff upwards as it unveils shock changes to Nersa submission
Photo by Dylan Slater
Eskom CFO Calib Cassim

Exxaro upbeat about its coal operations 

By: Kim Cloete     1st February 2019 Empowered coal mining giant Exxaro Resources is confident about its prospects in the coal sector, despite tough conditions and rising cost pressures in South Africa. Exxaro executive head of coal Nombasa Tsengwa on Thursday said the company produced 47-million tons of coal and was geared to grow... 

Eskom laments poor quality of coal  

By: Kim Cloete     31st January 2019 Eskom COO Jan Oberholzer has called on coal mining companies to "play ball" and improve the quality of the coal they supply to the utility. He has also outlined the massive challenges facing the utility and said Eskom was holding out for the National Energy Regulator of South Africa (Nersa) to... 

Eskom laments poor quality of coal

Mashaba to meet business over proposed Eskom tariff hike, Numsa to picket 

By: African News Agency      31st January 2019 Johannesburg Mayor Herman Mashaba said he was meeting the business community on Thursday to discuss the likely impact of a proposed 15 percent annual tariff increase by State power utility Eskom over the next three years. The National Union of Metalworkers of South Africa (Numsa) said it would... 

Mashaba to meet business over proposed Eskom tariff hike, Numsa to picket
Johannesburg Mayor Herman Mashaba

How South Africa could fix distressed Eskom

By: Bloomberg     31st January 2019 South Africa’s government will announce within a month how it plans to fix Eskom Holdings, the embattled state utility that supplies more than 90% of the nation’s power. There are no easy remedies. The company is R419-billion in debt, is losing money hand over fist, has way more staff than it... 

Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year  

By: Nadine James     30th January 2019 State-owned utility Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral”, Minerals Council South Africa chief... 

Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year
Minerals Council South Africa chief economist Henk Langenhoven discusses the impact of Eskom’s proposed tariff increases on South Africa's mining sector. Video and editing: Darlene Creamer.
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Company Post

more

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close