Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
Eskom unveils its new coal-sourcing strategy as it pursues its R2-billion Optimum claim.
South Africa’s Chamber of Mines says Mining Phakisa can help unlock mining and exploration investment.
And, Zest WEG is still acquisitive after adding scale and scope to its transformer offering.
State-owned electricity utility Eskom has confirmed an overhaul to its coal-sourcing model, which could result in it withdrawing from its historical cost-plus arrangements with “tied collieries” in favour of arms-length commercial contracts with coal suppliers.
Eskom acting CEO Brian Molefe
The Chamber of Mines has expressed optimism that the upcoming Mining Phakisa Laboratory, scheduled for October, will enable South African mining stakeholders to begin tackling prevailing impediments to mining and exploration investment and address issues undermining the competitiveness of the sector.
President Jacob Zuma
South African electrical equipment supplier and manufacturer Zest WEG remains on the prowl for “synergistic” acquisitions, having recently completed a transaction to buy TSS Transformers – a deal that materially increases its local manufacturing capabilities and heralds its entry into the maintenance and repair sector of the market.
Zest WEG CEO Louis Meiring
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