Gwede Mantashe drops electricity bombshell at mining indaba

Mineral resources and energy minister Gwede Mantashe told the Investing in African Mining Indaba in Cape Town that government will 'talk to investors to start a generating company outside of Eskom'. Picture: ESA ALEXANDER/SUNDAY TIMES​

As delegates from far and wide made their way into the venue, a welcome pack included a nifty self-charging torch, courtesy of Anglo American, serving as a not-so-subtle reminder that in SA, the land of power cuts, such a device will come in handy. That’s especially true now that load-shedding has resumed in earnest and is likely to continue, as was communicated by new Eskom CEO André de Ruyter at his first state of the system briefing on Friday.

Mineral resources and energy minister Gwede Mantashe gave the opening address at the indaba, and was unusually quick to address the question on everybody’s mind: how can you begin to talk about optimising growth and investment in SA when you can’t provide the mining industry with a stable supply of power?

Sporting a black, green and gold tie, Mantashe acknowledged power cuts were affecting mining production and, in turn, economic growth.

Chill out. Eskom will produce the cheapest energy on earth within a year, while going carbon negative.

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