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Coal & Diesel News

NUM says ready to sign Eskom's wage offer

By: Reuters     16th August 2018 The National Union of Mineworkers (NUM) said on Thursday it was ready to sign a three-year wage offer from state power firm Eskom provided the utility agrees not to discipline staff who went on strike illegally. Investors want to see a resolution to the standoff between workers and Eskom as any... 

Kibo receives water permit approval for MCPP

By: Simone Liedtke     16th August 2018 Aim-listed Kibo Energy has received provisional approval from the Lake Rukwa Water Basin Board for water permits for the Mbeya coal-to-power project (MCPP), in Tanzania. An application was made to permit the operation of numerous water boreholes, which the Africa-focussed energy company said are... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

By: News24Wire      16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

Numsa rejects Eskom disciplinary action proposal against striking workers

By: African News Agency      16th August 2018 The National Union of Metalworkers South Africa has rejected Eskom's proposal to institute disciplinary action against workers who participated in industrial action during protracted wage negotiations, on the grounds that the power utility is an essential service.  On Wednesday Eskom declared a... 

Gordhan announces whistleblower hotline to boost fight against corruption

By: News24Wire      15th August 2018 Stabilising State-owned enterprises could take six months or longer, depending on the extent of corruption, said Public Enterprises Minister Pravin Gordhan. The minister on Wednesday briefed the portfolio committee on public enterprises on the progress made in addressing governance challenges at... 

Gordhan announces whistleblower hotline to boost fight against corruption
Photo by Dylan Slater
Public Enterprises Minister Pravin Gordhan

Kibo to acquire 60% stake in UK energy company

By: Simone Liedtke     15th August 2018 Africa-focussed energy company Kibo Energy has signed a memorandum of understanding (MoU) for the acquisition of a 60% equity interest in UK company Mast Energy Developments (MED). Under the terms of the MoU, Kibo can acquire a 60% shareholding in MED for £300 000 payable to existing MED... 

Municipalities owed R139bn for services – Cogta

By: News24Wire      15th August 2018 Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize has revealed that municipalities are owed R139-billion for municipal services rendered. He said that the outstanding billions made it difficult for them to pay money owed to Eskom. Mkhize was responding to questions in the... 

Lazard drafting plan to bolster Eskom's balance sheet – sources

By: Reuters     14th August 2018 State-owned power firm Eskom has hired financial adviser Lazard to draft a plan to shore up its balance sheet as it struggles to emerge from a financial crisis, two banking sources told Reuters. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more than 90%... 

Rukwa plant upgrade set for completion in September

By: Simone Liedtke     14th August 2018 Aim-listed Edenville Energy is planning to complete the upgrade of the processing plant at its Rukwa coal project, in Tanzania, by the end of September, which will allow for increased throughput. A Lamella clarifier water treatment plant is nearing assembly stage completion and will be installed... 

Eskom prices oversubscribed $1.5bn notes offering

By: Marleny Arnoldi     13th August 2018 State-owned power utility Eskom has successfully priced a two-tranche ten-year $1.5-billion global bond, under its $4-billion global medium-term note programme, following a series of investor meetings held by the utility, the Department of Public Enterprises, and Europe and US National... 

Tribunal to pursue alleged price-fixing, collusion in R240m Eskom tender

By: Marleny Arnoldi     13th August 2018 The Competition Tribunal has refused an application to dismiss a complaint against companies accused of alleged price-fixing and tender collusion in a R240-million tender issued by State-owned power utility Eskom in March 2015. The tender was for the supply, installation and dismantling of... 

Eskom vows to take disciplinary action against striking workers

By: African News Agency      13th August 2018 Eskom on Monday vowed to take disciplinary action against its workers who embarked on industrial action and damaged infrastructure last week as the power utility and unions failed to reach an agreement in protracted wage negotiations. The National Union of Metalworkers of South Africa (Numsa)... 

Eskom vows to take disciplinary action against striking workers

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand 

By: Terence Creamer     6th August 2018 State-owned electricity producer Eskom has confirmed that it has entered into a sales incentive pilot programme with nine large industrial customers in a bid to stabilise sales to electricity-intensive industries. The two-year sales incentive pilot programme, which commenced on June 1, has the... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand

Power system recovery to take 30 days, load-shedding risk remains high

By: Simone Liedtke     3rd August 2018 State-owned Eskom expects it will take up to 30 days for the power system to recover from the effects of the recent industrial action, which interrupted continuous processes at the power stations. During the 30-day recovery period, the risk of load-shedding remains high, it warned on Friday. 

Power system recovery to take 30 days, load-shedding risk remains high

Numsa takes Eskom's latest wage offer back to members

By: African News Agency      3rd August 2018 The National Union of Metalworkers of South Africa (Numsa) said on Friday that it would take the latest wage offer made by power utility Eskom to its members for ratification.  This, as Numsa, together with other trade unions, met with the management team of Eskom on Thursday under the auspices... 

Numsa takes Eskom's latest wage offer back to members
Numsa general secretary Irvin Jim

Solidarity accepts Eskom's latest wage offer

By: African News Agency      2nd August 2018 Trade union Solidarity on Thursday said its members had accepted power utility Eskom's wage offer. In a statement, the union said "it would now do everything within its power to stabilise the power grid", after members indicated they would accept an offer of a 7.5% wage increase for this year, 7%... 

Eskom postpones power interruptions to the Emfuleni municipality 

By: African News Agency      2nd August 2018 South African power utility, Eskom on Thursday said it has postponed the planned power interruptions to the Emfuleni municipality following a court interdict lodged by a group of local businesses in the greater Vaal area, in Gauteng. Eskom spokesperson Khulu Phasiwe said the businesses have asked... 

Eskom offers investors up to $1.5bn of 10-year bonds – source

By: Reuters     2nd August 2018 South Africa's struggling state-owned power firm Eskom offered investors up to $1.5-billion of ten-year bonds on Thursday, a source familiar with the matter told Reuters. Separately, Eskom spokesperson Khulu Phasiwe said Eskom was planning a foreign bond sale and that the firm's chief executive... 

Risk of rotational load shedding high on Wednesday – Eskom 

By: African News Agency      1st August 2018 South Africa's power utility, Eskom, on Wednesday, said that the risk of Stage 1 rotational load shedding remained high but will only be implemented if "absolutely necessary". Eskom said it did not implement load shedding on Wednesday morning, adding that the electricity system remained... 

South Africa faces power cuts as Eskom power units down – internal report 

By: Reuters     31st July 2018 Fifteen units are currently down at nine South African power stations, taking over 6 000 MW of power or 13% of Eskom's output off the national grid, an internal document seen by Reuters showed on Tuesday. Eskom provides more than 90% of the power for Africa's most industrialised economy, but the... 

South Africa faces power cuts as Eskom power units down – internal report

Eskom workers down tools at some South African power stations

By: Reuters     30th July 2018 Workers at some of South African State-owned utility Eskom's power stations have downed tools after an impasse over wages but supply has not been disrupted, spokesperson Khulu Phasiwe said on Monday. A spate of controlled blackouts was triggered last month following worker-led protests after the... 

Eskom workers down tools at some South African power stations

Treasury says has received draft report on Eskom coal contract

By: News24Wire      30th July 2018 South Africa's National Treasury has received the draft forensic report on alleged irregularities in the awarding by state power utility Eskom of a coal contract to Tegeta and in logistics firm Transnet’s procurement of locomotives from China South Rail, it said at the weekend. The Treasury said... 

Treasury says has received draft report on Eskom coal contract

Chinese investors plan $10bn metallurgical complex in South Africa

By: Reuters     27th July 2018 Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa's President... 

China loans to Africa energy, infrastructure projects almost trebled between 2016 and 2017

By: African News Agency      26th July 2018 The value of Chinese loans to energy and infrastructure projects in Africa almost trebled between 2016 and 2017 to nearly $9-billion and the impact of this lending is increasingly visible in Africa, law firm Baker McKenzie said at the sidelines of a Brics summit. Baker McKenzie, participating at... 

Ncondezi submits updated tariff proposal for Mozambique energy project

By: Marleny Arnoldi     26th July 2018 Aim-listed Ncondezi Energy has submitted an updated tariff proposal to Mozambican State-owned power utility Electricidade de Moçambique (EDM) and the Ministry of Mineral Resources and Energy (Mireme). The updated tariff proposal arose from a financial model submitted to the two authorities, which... 

Greenpeace, DA scrutinise Eskom, China Bank’s R33bn loan agreement 

By: Marleny Arnoldi     25th July 2018 Nonprofit organisation Greenpeace has expressed its disappointment at China choosing to support “dirty, dead-end coal” in South Africa, especially since China has an emerging and strengthening leadership on climate change. This comment follows after State-owned power utility Eskom on Tuesday... 

Eskom leaders hint at need for independent system operator 

By: Terence Creamer     24th July 2018 South Africa’s cash-strapped electricity utility Eskom is considering far-reaching changes to its business model as part of an in-depth review, being undertaken ahead of the finalisation of a new corporate plan. Chairperson Jabu Mabuza already flagged this week that the new corporate plan, which... 

Eskom leaders hint at need for independent system operator
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Brics bank approves $600m loans for South African, Chinese projects

By: Reuters     24th July 2018 The New Development Bank, set up by the Brics group of emerging economies, has approved loans of $300-million for energy projects in South Africa and $300-million for a transportation project in China. South Africa, which will host a Brics summit later this week in Johannesburg, is trying to... 

Eskom confident of raising R72bn despite qualified audit  

By: Terence Creamer     23rd July 2018 Financially stressed electricity producer Eskom expressed confidence on Monday that it would be able raise the R72-billion it required for the 2019 financial year, despite having received a qualified audit opinion for the 2018 financial year, reporting a R2.3-billion loss and nearly 20-billion in... 

Eskom confident of raising R72bn despite qualified audit
Eskom chairperson Jabu Mabuza explains why IPPs do not pose a financial risk to the utility. Camera Work & Editing: Nicholas Boyd. Recorded: 23.07.2018

Eskom in talks with government over firm's headcount

By: Reuters     23rd July 2018 Power utility Eskom said on Monday it was in discussions with the government to look at the cash-strapped firm's headcount in effort to boost productivity. "These are discussions we are having with our shareholder," said CEO Phakamani Hadebe, during the State-owned company's results presentation... 

Eskom reports R19bn in irregular expenditure, net loss of R2.3bn 

By: African News Agency      23rd July 2018 South Africa's cash-strapped state power utility Eskom has uncovered R19-billion in irregular expenditure going as far back as 2012, its chairperson Jabu Mabuza said on Monday in a statement accompanying the company's results for the year ended March 31. The entity also reported a net loss after... 

Eskom reports R19bn in irregular expenditure, net loss of R2.3bn
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Kibo’s Mbeya special mining licence submissions in final stages

By: Marleny Arnoldi     19th July 2018 Following the submission of Aim- and AltX-listed Kibo Mining’s local content plan (LCP) and integrity pledge (IP) to the Mining Commission – a constituent of the Tanzania Ministry of Mines – within the next two weeks, the authority will be ready to consider Kibo’s application for a special mining... 

Electricity supply in Africa driven by market rather than player – PowerGen panel

By: Marleny Arnoldi     18th July 2018 The energy industry in Africa is faced with more opportunities than challenges, a panel of speakers at the PowerGen conference agreed on Tuesday. Power Utility Leadership platform founder Izak du Plessis remarked that similar to other industries, the electricity industry will change and keep... 

Life After Coal campaign demands IRP take water costs into account

By: Marleny Arnoldi     16th July 2018 A report from the Life After Coal campaign calls for uncounted costs to South Africa’s water resources to be accounted for in the Integrated Resource Plan (IRP). Mining coal and burning it in power stations uses large amounts of water and pollutes water as well, imposing massive but uncounted... 

Ramaphosa embarks on Eskom overhaul

By: Reuters     12th July 2018 A month after Cyril Ramaphosa took the helm of South Africa's ruling African National Congress (ANC) in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. Ramaphosa understood sweeping changes were needed at the struggling... 

Ramaphosa embarks on Eskom overhaul
President Cyril Ramaphosa

Kibo to issue shares to Sanderson to settle debt

By: Marleny Arnoldi     9th July 2018 Aim- and AltX-listed Kibo Mining has settled the outstanding balance of £1.11-million on the forward payment facility that was agreed on in December 2016 with Sanderson Capital Partners.  

Kibo to issue shares to Sanderson to settle debt
Kibo Mining CEO Louis Coetzee

McKinsey overhauls South African office after graft scandal 

By: Reuters     9th July 2018 McKinsey has made sweeping changes to its South Africa business to try to rebuild its reputation following an ill-fated deal with friends of scandal-plagued former President Jacob Zuma. Kevin Sneader, who started as McKinsey's global managing partner last week, announced on Monday that the firm... 

McKinsey overhauls South African office after graft scandal
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