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R/$ = 13.72 Change: -0.03
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Pt 809.40 $/oz Change: 7.25


State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Busa urges Nersa to reject Eskom’s request to deviate from tariff methodology 

By: Terence Creamer     30th May 2017 Business Unity South Africa (Busa) has heavily criticised what it describes as Eskom’s request for a “blanket condonation” from the National Energy Regulator of South Africa (Nersa) to deviate from the multiyear price determination (MYPD) methodology and minimum information requirements for... 

Brown defends shock Molefe reinstatement, as Koko takes leave amid forensic probe 

By: Terence Creamer     12th May 2017 Public Enterprises Minister Lynne Brown has defended her decision to accept the Eskom board’s much-criticised recommendation that Brian Molefe be reinstated as CEO and see out his five-year contract to 2020 on the basis that it offered “better value” than the alternative of paying him a... 

Company seizes opportunities in power sector

By: Nadine James     14th April 2017 Many utility power plants are approaching the end of their design life, with engineers conducting life extension studies for boilers and related auxiliary equipment. To accommodate a changing operating environment, redesigning components and equipment to replace those which have reached the end... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

By: Terence Creamer     13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

Exxaro will support any ‘sustainable’ plan for restarting Arnot 

By: Terence Creamer     26th January 2017 Mining group Exxaro says it will be guided by Eskom on the future of the Arnot coal mine, in Mpumalanga, which was closed after Eskom’s contentious December 31, 2015, decision not to renew a 40-year coal supply agreement (CSA) with Arnot, an Eskom-tied mine operated by Exxaro. The termination of... 

Brown to make new Eskom board proposals to Cabinet after Pamensky quits

By: Terence Creamer     16th November 2016 Public Enterprises Minister Lynne Brown says she intends submitting recommendations to Cabinet soon regarding the strengthening the Eskom Board, after confirming that she had accepted Mark Pamensky request to step down. Pamensky’s resignation follows days after CEO Brian Molefe announced that he... 

Glencore lashes out at Eskom over coal claims

By: News24Wire      7th November 2016 Glencore has rejected allegations by Eskom CEO Brian Molefe that it sold the parastatal coal at exorbitant prices. Molefe accused Glencore of previously trying to sell coal to Eskom at a rate of R570 per tonne, when he said the price should have been below R200. 

Eskom board still considering whether to take State of Capture report on review 

By: Terence Creamer     4th November 2016 The Eskom board reported on Friday that it was taking legal advice on “inconsistencies” in the Public Protector’s ‘State of Capture’ report, including whether or not to take the report on legal review. The board also insisted that all directors had declared conflicts of interest, complied with... 

Emotional Molefe weighs judicial review and future after damning Public Protector report  

By: Terence Creamer     3rd November 2016 Eskom CEO Brian Molefe has indicated that he is weighing his future options as head of the State-owned electricity producer following the release of a Public Protector report, which raises serious questions about his role in facilitating a coal deal involving Tegeta, a mining company linked to... 

Sole purpose of Eskom contract was to fund Tegeta – Public Protector

By: Martin Creamer     3rd November 2016 In light of the extensive financial analysis conducted, it appears that the sole purpose of awarding contracts to Tegeta to supply Arnot power station was to fund Tegeta and enable it to purchase all shares in Optimum Coal Holdings (OCH). The only entity which appears to have benefited from... 

Treasury, Eskom in war of words over cooperation in coal-contract review 

By: Terence Creamer     29th August 2016 The National Treasury has strongly disputed Eskom’s contention that it has been cooperating with its review of coal contracts involving the Gupta-family-linked Tegeta Exploration and Resources, indicating rather that its “efforts have met resistance” from the utility. It also disputed Eskom’s... 

Wage strike starts at South Africa power utility Eskom, supplies stable

By: Reuters     8th August 2016 Workers downed tools Monday at three South African power stations with more set to follow as a wage strike began at State-run utility Eskom, but the company said its operations had not yet been impacted and branded the stoppage illegal. Paris Mashego, NUM's energy sector coordinator, told Reuters... 

Eskom refutes allegations of ‘blindsiding’ Exxaro in the Arnot coal contract 

By: African News Agency      13th June 2016 Eskom on Sunday dismissed reports that it had “blindsided” Exxaro Resources in respect of the Arnot power station coal supply contract and threatened to take the matter to the Press Ombudsman. “Despite a sensationalist headline titled ‘How Eskom bailed out the Guptas’ the City Press newspaper... 

Eskom outlines its position on coal contract to Gupta-linked firm 

By: Creamer Media Reporter      12th June 2016 In a seeming effort to preempt a City Press report raising questions about the award, by State-owned electricity utility Eskom, of a multimullion-rand coal contract to the Gupta-family-linked Tegeta Exploration and Resources, in which President Jacob Zuma’s son, Duduzane, is a shareholder, Eskom... 

Eskom CEO concedes price hike to impact economy 

By: Natasha Odendaal     5th February 2016 As public hearings continued into State-owned power utility Eskom’s request for higher electricity tariffs, CEO Brian Molefe on Friday conceded that a spike in prices would impact the entire economy. Eskom had applied for a 16% hike to recover the billions of rands it spent on diesel power... 

Cost-plus mines under scrutiny as Eskom rolls out new coal procurement strategy

By: Terence Creamer     26th January 2016 Eskom group executive for generation Matshela Koko reports that the utility has taken an in principle decision to migrate from investing in cost-plus coal mines, which are increasingly underperforming, to fixed-price coal contracts. Speaking exclusively to Engineering News Online, Koko also... 

Eskom to select coal supplier for Arnot station by March

By: Natalie Greve     8th January 2016 Energy utility Eskom is in the throes of reviewing various requests for proposals submitted as part of its hunt for a new coal supplier for the Arnot power station, in Mpumalanga, after the nonrenewal of its coal supply agreement with historical coal partner Exxaro. Eskom’s coal agreement with... 

Exxaro to continue talks with Eskom about Arnot mine closure 

By: Megan van Wyngaardt     2nd December 2015 Coal miner Exxaro is continuing discussions with parastatal Eskom to reach a joint closure solution for the Arnot mine, as prescribed in its coal supply agreement. The miner said in a statement late on Tuesday that during a high-level meeting between senior executives of the parties on November... 

Eskom Notice To Terminate Arnot Mine Coal Supply Agreement With Exxaro

2nd December 2015 Exxaro and Eskom have been in discussion for the last two years (since 2013) in relation to the CSA in terms of which Exxaro has been supplying coal from the Arnot Mine to the Arnot Power Station in Mpumalanga. Due to a disagreement between Exxaro and Eskom on the expiry date of the CSA, a... 

Eskom on Arnot job losses: SA can't afford output costs

By: News24Wire      1st December 2015 Power utility Eskom has expressed concern over reports about the possible closure of Arnot coal mine and the job losses that would inevitably follow such a move, as well as anger with what it termed the leaking of confidential information. "Eskom is deeply concerned about the recent media reports... 

Additional pumps supply for power stations

By: Mia Breytenbach     16th May 2014 Pumps and pump components manufacturer, servicer and supplier APE Pumps received R11-million worth of pumps supply, installation and refurbishment contracts for State-owned power utility Eskom’s power stations this year, APE Pumps GM Richard Rudling tells Engineering News. While APE Sangus –... 

370 advanced fire, smoke detection systems for Arnot

By: Sashnee Moodley     17th May 2013 State-owned power utility Eskom will equip its Arnot power station, in Mpumalanga, with 370 SigniFire flame, smoke and reflective-heat detection systems by December. 

Strikes at Exxaro’s Matla, Arnot coal mines 

By: Martin Creamer     7th March 2013 Unprotected strikes at Exxaro’s Matla and Arnot coal mines in Mpumalanga have resulted in production stoppages but with no immediate threat to the functioning of the coal-fired Eskom power stations that the mines serve. The diversified JSE-listed resources group said on Thursday that the... 

14/12/2012 (On-The-Air) 

By: Martin Creamer     14th December 2012 Eskom is looking to secure millions of tons of wood waste to burn with coal in some of its power stations; Eskom is looking to buy more than one billion tons of coal from coal-mining companies that are majority black owned; and South Africa’s first black-owned coal mining company plans to build... 

Supplier questions utility’s maintenance procedures, Eskom denies claims 

By: Yolandi Booyens     18th May 2012 Split bearings supplier Sekela Bearings says it has a product that will reduce what it claims to be an unusually high bearings consumption at State-owned power utility Eskom’s Arnot power station, in Mpumalanga. 


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