In floor space, the African Mining Indaba in Cape Town is dominated by engineers, consultants and suppliers. Invisible is a scratch-patch of worry populated mostly by South Africans. Money is pouring into Burkina Faso and Mali, countries run by juntas. But in South Africa the wheels are coming off.
January’s run rate of state-owned Transnet Freight Rail is about 42Mt on its critical north corridor that supplies export coal to Richards Bay. Even after a 10-day maintenance shutdown in November, that’s a fifth lower than last year’s total, which represented a 30-year low in performance and had the industry sucking air...
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The scary truth behind SA mining’s ‘revival’Mining & energy minister Gwede Mantashe says it’s all good, but mine bosses don’t agree.
Source: FinancialMail - 🏆 20. / 63 Read more »
The scary truth behind SA mining’s ‘revival’Mining & energy minister Gwede Mantashe says it’s all good, but mine bosses don’t agree.
Source: FinancialMail - 🏆 20. / 63 Read more »
South Africa's President Admits Power Crisis Is Hurting MiningSouth African President Cyril Ramaphosa has said the county's electricity crisis has severely damaged its mining industry, a key pillar of the economy. Ramaphosa made the comment while addressing Investing in African Mining Indaba, the world's largest mining investment conference. The Minerals Council South Africa, which represents mining companies, estimates that total mining volumes were down by 6%, or U.S.$ 1.8 billion in 2022. Ramaphosa admitted that the ongoing power cuts implemented on 200 days in 2022 contributed to the slump. He assured investors that the government is addressing the challenges facing the country to ensure that South Africa reaches its full mining potential. He also told investors that the government has already introduced the Energy Action Plan to improve the "performance of our existing power stations and to add new generation capacity to the grid as quickly as possible". and mining is hurting emissions and mining is hurting communities and mining is leaving eskom and Eskom is hurting communities and communities are voting ANC and ANC is hurting Eskom. its all very complex.
Source: allafrica - 🏆 1. / 99 Read more »
Mantashe says electricity minister 'long overdue'Energy Minister Gwede Mantashe says plans to appoint an Electricity Minister were long overdue. ECRNewsWatch
Source: ecr9495 - 🏆 38. / 51 Read more »
Coal in SA’s energy mix until 2040s, Creecy tells mining indabaCoal in SA’s energy mix until 2040s, Creecy tells mining indaba - Coal still dominates the domestic energy mix, providing 81.4% of the total system load, according to the Council for Scientific and Industrial Research Who is she? Creecy is mistaken....coal must always be part of the energy mix
Source: mailandguardian - 🏆 2. / 92 Read more »