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Coal & Diesel News

Eskom debt swap not an option – Ramaphosa

By: Reuters     Updated 1 hour 29 minutes ago A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa's President Cyril Ramaphosa said on Thursday, adding there was a need to look at other options to shore up the company's balance sheet. Eskom, which has had to implement power cuts due to... 

Cabinet to assess municipal electricity debt management plan in Feb

By: Marleny Arnoldi     13th December 2018 The Department of Cooperative Governance and Traditional Affairs (CoGTA) on Thursday said Cabinet would, in February, consider a detailed implementation plan to deal with the more than R14-billion in debt owned by municipalities to power utility Eskom. This plan is part of CoGTA’s municipal... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole 

By: Terence Creamer     13th December 2018 State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole
Photo by Dylan Slater
Primary energy division GM Dan Mashigo

Minerals Minister defends coal, complains about high electricity prices 

By: Rebecca Campbell     12th December 2018 Mineral Resources Minister Gwede Mantashe has defended the role of coal in the country's energy mix and complained about the harmful effect of high electricity prices on the local beneficiation of minerals. He was delivering the keynote address at the launch, in Pretoria, of a book – The Future... 

Minerals Minister defends coal, complains about high electricity prices

Kibo renews MoU with Mozambique utility

By: Marleny Arnoldi     12th December 2018 JSE- and Aim-listed Kibo Energy has renewed and expanded its memorandum of understanding with Mozambican State-owned electricity utility Electricidade de Mocambique (EDM), to advance the financing, construction and operation of the Benga coal independent power project, in Mozambique. Kibo CEO... 

Big coal wants consumers to pay for fixing its pollution problem

By: Bloomberg     11th December 2018 Some of the world’s biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world’s biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming. But with a... 

In Eskom's case, does Mboweni feel a photo is worth 1 000 words?

By: Bloomberg     11th December 2018 Not long after Eskom told fund managers in London that the troubled power utility planned to ask South Africa’s National Treasury to assume R100-billion of its debt, the country’s new Finance Minister Tito Mboweni tweeted a picture of a sieve. The tweet, two days later, may have been a simpler... 

South Africa needs to bail out Eskom, says former Eskom adviser Rothschild 

By: Reuters     10th December 2018 The South African government needs to "bite the bullet" and bail out struggling state-run power firm Eskom, which has asked for R100-billion ($7-billion) in government support, the chief executive of Rothschild & Co in South Africa told Reuters. Rothschild advised Eskom in 2008 when it last... 

Eskom should weigh selling its crown jewels, FirstRand CEO says

By: Bloomberg     7th December 2018 State-owned Eskom should consider selling two coal-fired plants that rank among the world’s biggest to repair the state-owned utility’s finances, according to the head of South Africa’s biggest bank by market value. The supplier of almost all of South Africa’s power is being battered by declining... 

Process that will ‘drastically’ cut the power needed to reprocess mining waste edging closer to commercialisation

By: Tracy Hancock     7th December 2018 Energy efficiency in the mining and minerals processing sector continues to be a hot topic, especially in South Africa, where increases in the cost of energy sources – namely electricity, diesel and coal – along with that of labour, exceed inflation.   

Process that will ‘drastically’ cut the power needed to  reprocess mining waste edging closer to commercialisation

Ventilation key to genset safety

By: Mc'Kyla Nortje     7th December 2018 Gensets that are stored indoors should be stationed in a well ventilated area to avoid the temperature of the genset rising too high, says fire risk management and support company ASP Fire CEO Michael van Niekerk. 

Ventilation key  to genset safety
MICHAEL VAN NIEKERK Generators can be a potential source of fire ignition, owing to the high temperatures of the manifold, if not stored correctly

Eskom to increase OCGT use at certain power stations

7th December 2018 Although the risk of rotational load-shedding during the festive season is high, State-owned power utility Eskom will resort to increasingly using open-cycle gas turbines (OCGTs) at certain power stations to minimise the risk of load-shedding. 

'Treasonous' tweets won't help Eskom out of current 'crisis' 

By: Terence Creamer     6th December 2018 Public Enterprises Minister Pravin Gordhan reported that a Cabinet task team would be appointed by President Cyril Ramaphosa soon to finalise a road map for turning around the debt-laden utility, which he acknowledged was in the midst of an operational “crisis”. The “small” task team would work... 

'Treasonous' tweets won't help Eskom out of current 'crisis'
Photo by Dylan Slater
Public Enterprises Minister Pravin Gordhan

EVs to become main driver of battery storage deployment over next decade, says Fitch Solutions

By: Simone Liedtke     5th December 2018 The electric vehicle (EV) market is set to become the main driver of surging battery storage deployment over the next decade, following increasing ambitions by developed and emerging markets to decarbonise their transport sectors, and will have a substantial disruptive effect on how energy is... 

How power utility Eskom is hobbling South Africa's economy  

By: Bloomberg     5th December 2018 It’s deja vu for South Africa as a chronic power deficit plunges large tracts of the country into darkness and casts a pall over the already struggling economy. Eskom Holdings, which supplies most of the nation’s electricity, has instituted daily rolling blackouts since November 29 to avert a... 

How power utility Eskom is hobbling South Africa's economy

Gupta mining boss JP Arora gunned down

By: News24Wire      3rd December 2018 The CEO of Gupta-owned JIC Mining, JP Arora, was killed in a shooting on New Road in Midrand on Saturday night, police have confirmed. SAPS spokesperson Captain Kay Makhubele said he could not confirm reports of Arora's car being sprayed with bullets. News24 has learned that Arora was returning... 

Kibo to consider further deadline extension for Sepco III

By: Simone Liedtke     3rd December 2018 China-based Sepco III has requested a further extension on the Strategic Development Agreement with dual-listed Kibo Energy at the Mbeya coal-to-power project, in Tanzania. Kibo on Monday said the request would be considered by Kibo’s board this week. 

Almost half of coal power plants seen unprofitable to operate  

By: Bloomberg     30th November 2018 The surge in coal prices in the past three years is cutting into the profitability of power stations that burn the fuel, a prominent forecaster said. About 42% of the world’s coal generation capacity is losing money, according to Carbon Tracker, an energy researcher that advocates for climate... 

S&P maintains Eskom's CCC+ credit rating

By: African News Agency      30th November 2018 Standard & Poor’s on Thursday maintained Eskom's foreign and local currency long-term credit ratings at CCC+, below sub-investment status. The rating agency also affirmed Eskom’s ‘zaB’ and ‘zaB’ long and short-term national scale ratings. 

Eskom to implement Stage 1 load-shedding until 22:00

By: Creamer Media Reporter      29th November 2018 Power utility Eskom on Thursday said it would implement Stage 1 load-shedding from 12:00 to 22:00. This is as a result of increased generation plant being out for planned maintenance and unplanned outages. 

Eskom to implement Stage 1 load-shedding until 22:00

Another Eskom equity injection mooted amid R15bn loss warning   

By: Terence Creamer     28th November 2018 South Africa’s debt-laden electricity utility Eskom is in discussions with government about yet another equity injection, as well as various possible “debt-relief” options, as part of a turnaround plan, which chairperson Jabu Mabuza insists needs to be implemented immediately if the company is to... 

Another Eskom equity injection mooted amid R15bn loss warning
Eskom chairperson Jabu Mabuza on the utility's dire financial position and the board's proposed turnaround plan. Camera Work & Editing: Nicholas Boyd. 28.11.18

Parly committee adopts Eskom inquiry report, recommends top executives testify before Zondo

By: News24Wire      28th November 2018 Parliament’s portfolio committee on public enterprises has adopted its final report into allegations of State capture at Eskom and Transnet, which recommends that some of power utility's former board chairs and top executives be requested to appear before the ongoing judicial commission of... 

Parly committee adopts Eskom inquiry report, recommends top executives testify before Zondo

Ramatlhodi to testify at Zondo commission of inquiry

By: News24Wire      28th November 2018 Former Mineral Resources Minister Ngoako Ramatlhodi will be the fourth minister who served under former president Jacob Zuma to appear before the Zondo commission of inquiry into state capture on Wednesday. News24 understands Ramatlhodi and his former adviser and spokesperson advocate Mahlodi... 

Power system remains 'tight and vulnerable' as protests add further strain – Eskom

By: News24Wire      27th November 2018 There is low to medium probability of load shedding this week but protest action at the entrance of a coal mine could have a detrimental impact, says State power utility Eskom. Eskom on Monday night issued a statement indicating that the power system remains "tight and vulnerable". 

 Power system remains 'tight and vulnerable' as protests add further strain – Eskom

Ncondezi submits work programme to Mozambican liaison committee

By: Creamer Media Reporter      26th November 2018 Aim-listed Ncondezi Energy has submitted a final work programme and timetable for its Ncondezi integrated 300 MW power and coal mine project, in Tete, Mozambique, to a government-sanctioned liaison committee that is tasked with implementing the project. “The updated work programme and timetable... 

Audit outcomes of State-owned entities continue to regress

By: Kim Cloete     22nd November 2018 The audit outcomes of State-owned entities (SOEs) have regressed over the past financial year compared with both the previous year and 2014/15. The 2017/18 general report for the Auditor-General South Africa (AGSA) said there was an increase in noncompliance of the 16 SOEs it audited. It also... 

Coal to remain significant part of South Africa’s energy generation mix  

By: Simone Liedtke     21st November 2018 Notwithstanding recent and continued advances in the roll-out of renewable energy and energy efficiency measures, South African National Energy Development Institute (Sanedi) GM for cleaner fossil fuel use Professor Tony Surridge expects coal will continue to form a significant component of South... 

Coal to remain significant part of South Africa’s energy generation mix
South African National Energy Development Institute GM for cleaner fossil fuel use Professor Tony Surridge speaks to Mining Weekly Online about South Africa's status quo surrounding carbon dioxide storage and utilisation. Video & Editing: Nicholas Boyd

Big plans afoot for training more young people in renewable energy

By: Kim Cloete     20th November 2018 The South African Renewable Energy Technology Centre (Saretec), which provides training for wind turbine service technicians and which has recently expanded into training solar photovoltaic (PV) installers, has been officially launched in Cape Town. The sophisticated and state-of-the-art training... 

South Africa’s coal output continues to decline   

By: Simone Liedtke     20th November 2018 XMP Consulting senior coal analyst Xavier Prevost expects South Africa’s coal production to soon “drop drastically” as a result of low investment in new coal mining capacity and older mines reaching the end of their lives. Speaking to Mining Weekly Online on the sidelines of the Fossil Fuel... 

South Africa’s coal output continues to decline
XMP Consultants senior coal analyst Xavier Prevost speaks to Mining Weekly Online on the sidelines of the Clean Coal Technologies conference about the current and future trends in coal production, trade and markets in South Africa. Video & Editing: Nicholas Boyd.

Eskom’s monopoly plunging South Africa into power shortages – DA

By: African News Agency      19th November 2018 State-owned power utility Eskom needs a firm plan of action to make it more efficient and productive and its monopoly on electricity must be broken, the main opposition Democratic Alliance (DA) said on Monday. Eskom was forced to implement an emergency blackout on Sunday, referred to as stage one... 

Eskom’s monopoly plunging South Africa into power shortages – DA

Eskom is said to base executive revamp on consultant work

By: Bloomberg     19th November 2018 Eskom is proposing executive job cuts and a reorganisation of management units in an effort to improve the South African utility’s financial position, according to a document seen by Bloomberg. Eskom, which produces about 90% of the nation’s electricity, hired Boston Consulting Group earlier... 

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns 

By: Terence Creamer     16th November 2018 South Africa’s power utility Eskom reports that it has received approval for the National Treasury from the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations. More than 1.1-million tons have already... 

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

Masango resigns as Eskom capital division executive

By: Marleny Arnoldi     16th November 2018 Eskom group capital division executive Abram Masango has resigned, the Mail & Guardian reported on Friday. This follows after Eskom's announcement earlier in the day that it had suspended him, pending an investigation into various allegations of impropriety against him relating to the Kusile... 

Masango resigns as Eskom capital division executive
Eskom group capital division executive Abram Masango

SA electromechanical firm steadily growing its international presence

By: Schalk Burger     16th November 2018 Local electro-mechanical service provider Marthinusen and Coutts continues to receive service and repair contracts locally, in Africa and internationally, and expects demand for its outsourced services and maintenance offerings to continue to grow, says Marthinusen and Coutts marketing executive... 

SA electromechanical firm steadily growing its  international presence
Photo by Dylan Slater
140 T LATHE The new 140 t CNC lathe in the Benoni workshop

Leguan lifts introduced onto South African market

By: Thabi Madiba     16th November 2018 As part of expanding its product range, multitask articulated loader importer Avant South Africa (SA) started importing Leguan access lifts, developed and manufactured in Finland for maintenance purposes. Avant SA manager Steyn le Grange states that the first lift arrived in August in Boksburg... 

Leguan lifts introduced onto South African market
HIGH PLATFORM The Leguan lifts provide outstanding working height with stability

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes 

By: Terence Creamer     14th November 2018 Debt-laden electricity utility Eskom is preparing for yet another bruising encounter with consumers in the coming months, during which it will seek to justify it latest R762-billion, three-year revenue application. If successful with its fourth multiyear price determination (MYPD4) application,... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes

Policy support needed for development of sustainable alternative energy sources – SAEEC

By: Marleny Arnoldi     14th November 2018 Although natural gas is about 60% cleaner than coal in terms of carbon dioxide emissions, it currently contributes only 1.5% of the country’s total primary energy needs. Even through the National Development Plan (NDP) aims to delink economic development from environmental decay and... 

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