Ramokgopa attacks climate finance pact
South Africa’s electricity minister attacked the country’s groundbreaking $8.5-billion climate finance pact with some of the world’s richest nations whereby it will close some coal-fired power plants and re-purpose them to produce renewable energy. Kgosientsho Ramokgopa told a meeting organized by Standard Bank Group that the closure of Eskom Holdings’s Komati Power Station, the first [...]
Service stations must look beyond fuel to thrive
Around 83% of people stopping at a service station for fuel also shop at the forecourt retail offering, says Trade Intelligence business development and advisory lead Andrea Ellens. Only 4% of customers fill up with fuel only, with 13% there for forecourt shopping only, such as the Spar Express or the Woolworths Foodstop.
Hyphen, Namibian govt launch socioeconomic development framework
The Namibian government and green energy supplier Hyphen Hydrogen Energy on July 24 launched the socioeconomic development SED framework for Namibia’s landmark $10-billion green hydrogen project. The framework is an integral part of the feasibility and implementation agreement (FIA) which demonstrates the government’s commitment to incorporating SED targets for green hydrogen developers in the implementation [...]
Opencast production expected at Anglo Platinum’s Middelaagte mine by year-end
Platinum group metals (PGMs) mining and marketing company Anglo American Platinum (Amplats) is finalising the permitting process for the future opencast Middelaagte mine, one of three areas of the company’s Amandelbult complex. Located in Limpopo, within the municipality of Thabazimbi, the Amandelbult mine will consist of three main areas. Firstly, the modernisation of the existing mining [...]
Anglo Platinum declares R3bn half-year dividend, spending R3bn on growth capex
Platinum group metals (PGM) mining and marketing company Anglo American Platinum on Monday declared an interim dividend after achieving results in line with changed guidance. An interim dividend of R3.1-billion for the first half of 2023, in line with the company's dividend policy of a 40% payout of headline earnings.
Ramokgopa ‘worried and extremely upset’ over Koeberg outage slips
Electricity Minister Dr Kgosientsho Ramokgopa says he is “worried and also extremely upset” about developments at the Koeberg nuclear power station, where fears have increased that both units could be out simultaneously later this year owing to another Unit 1 outage slip. Speaking during his weekly Energy Action Plan briefing, Ramokgopa said “he was none [...]
Eskom cancels R11bn deals in South Africa crackdown
Eskom cancelled coal-supply agreements and construction contracts valued at R11-billion, as the South African authorities crack down on crime at the State-owned utility, President Cyril Ramaphosa said. Litigation by Eskom has also had coal-supply agreements worth R3.7-billion declared invalid, and other coal and construction deals worth R10-billion have been set aside, Ramaphosa said in response [...]
Resolving locomotive supply impasse with Chinese firm crucial, says TFR CEO
It is crucial that State-owned freight rail operator Transnet Freight Rail (TFR) find a solution to its long-standing locomotive supply impasse with Chinese manufacturer CRRC, TFR CEO Siza Mzimela told delegates at the 2023 Coal & Energy Transition Day, on July 18. Outlining the various challenges facing the entity, she pointed out that the dispute [...]
SAWEA, climate commission support renewable energy masterplan, industrialisation
The South African Wind Energy Association (SAWEA) and the Presidential Climate Commission (PCC) have welcomed the release of the draft South African Renewable Energy Masterplan (SAREM), which was developed by the departments of Mineral Resources and Energy (DMRE) and Trade, Industry and Competition (DTIC). Stakeholders have been invited to review and comment on the draft masterplan.
As gold demand rises, South Africa has opportunity to recover 30Moz of gold from dumps
With demand for gold currently off the charts, South Africa has a huge opportunity to recover gold from its surfeit of gold mine dump material at relatively high speed, a mining event in the Golden City heard on Tuesday. With gold supply only increasing 1.5% to 2% a year worldwide and being constrained, South Africa [...]
Jan Oberholzer to leave Eskom in shock development
In a surprise announcement, Eskom said that the utility and its former COO Jan Oberholzer would "part ways by mutual agreement". Last month, Eskom confirmed that it had signed a two-year contract with Oberholzer to oversee key projects at coal-fired power station Kusile and nuclear power plant Koeberg.
Limpopo water project serves as PPP model for municipalities
A multi-year public-private partnership to upgrade the Masodi wastewater treatment works (WWTW), in Limpopo, serves as a model for other municipalities to embrace partnerships and collaborations with the private sector for socioeconomic development of their communities. The plant is being upgraded to produce ten-million litres a day by the Mogalakwena local municipality and Ivanplats Mine, [...]