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Coal & Diesel News

90 000 gold and platinum jobs at risk as Eskom hikes loom 

By: Terence Creamer     Updated 2 hours 58 minutes ago The Minerals Council South Africa is ringing alarm bells over the threat posed to employment and production in the gold and platinum sectors as a result of recently approved electricity tariff increases, including the 13.8% hike to be implemented from April 1. In addition, the council is warning... 

Mboweni questions need to hold onto State assets

By: Bloomberg     25th March 2019 Finance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. Mboweni has asked Public Enterprises Minister Pravin Gordhan for a list of noncore State assets and has been... 

Mboweni questions need to hold onto State assets
Photo by Reuters
Finance Minister Tito Mboweni

'Signs are encouraging' load-shedding will be reduced – Eskom

By: News24Wire      22nd March 2019 Eskom will implement Stage 2 load-shedding on Friday, as strain on the national grid improves and “signs are encouraging” that there will be reduced rotational power cuts as available generating capacity improves, according to Eskom spokesperson Andrew Etzinger. Stage 2 will be implemented... 

 'Signs are encouraging' load-shedding will be reduced – Eskom
Photo by Creamer Media
Eskom Spokesperson Andrew Etzinger

Brics Bank to lend Eskom up to $780m 

By: Bloomberg     20th March 2019 The New Development Bank (NDB) plans to lend as much as $780-million to Eskom for infrastructure projects this year as the ailing power utility battles to keep power supply steady. Eskom, which on Wednesday entered a seventh day of controlled power cuts, is contending with operational and... 

Boiler-tube leaks playing big role in rise of unplanned losses to over 12 000 MW 

By: Terence Creamer     20th March 2019 State-owned electricity producer Eskom has confirmed that boiler-tube leaks are significant contributor to unplanned losses of more than 12 000 MW across its coal fleet. The underperformance of the coal fleet, including those units in commercial operation at the Medupi and Kusile projects, is... 

Boiler-tube leaks playing big role in rise of unplanned losses to over 12 000 MW
Photo by Dylan Slater
Eskom COO Jan Oberholzer

NUM says Ramaphosa assured union no jobs would be lost in Eskom unbundling

By: Marleny Arnoldi     19th March 2019 The National Union of Mineworkers (NUM) on Tuesday confirmed that it had met with President Cyril Ramaphosa, Public Enterprises Minister Pravin Gordhan and Energy Minister Jeff Radebe this week. The union noted, however, that it still needed to consult with its members employed at Eskom, on the... 

Greenpeace opposes Eskom’s application to postpone air quality legislation compliance

By: Simone Liedtke     19th March 2019 Nonprofit organisation Greenpeace Africa on Tuesday reaffirmed its opposition to State-owned Eskom’s application for further postponements and/or suspensions from air quality legislation. The organisation explained that, in the interests of realising the Constitutional right to a healthy... 

Greenpeace opposes Eskom’s application to postpone air quality legislation compliance
Photo by Creamer Media's Dylan Slater
Greenpeace global air pollution unit lead analyst Lauri Myllyvirta

Eskom to seek special procurement dispensation to help it address ‘crisis’ 

By: Terence Creamer     19th March 2019 Crisis-ridden power utility Eskom is approaching the Auditor-General and the National Treasury to seek approval for a special procurement dispensation that will allow it to accelerate the purchase of critical goods and services required to address ongoing breakdowns of its coal fleet. The... 

Eskom to seek special procurement dispensation to help it address ‘crisis’
Public Enterprises Minister Pravin Gordhan and Eskom chairperson Jabu Mabuza

Eskom to implement 'Stage 4' load-shedding from 09:00 to 23:00

By: African News Agency      18th March 2019 Eskom said on Monday it would commence Stage 4 rotational load shedding from 09:00 to 23:00 and continue into Tuesday due to a shortage of capacity.   Stage 4 load-shedding requires the state-owned utility, which supplies 95% of South Africa's electricity, to rotationally take 4 000 MW of demand... 

Eskom to implement 'Stage 4' load-shedding from 09:00 to 23:00

'Stage 4 load-shedding is unacceptable, disruptive to economy' – Gordhan

By: News24Wire      18th March 2019 Minister of Public Enterprises Pravin Gordhan has said that his department and National Treasury will assist embattled power utility Eskom to fast-track the procurement of "essential goods and services" required to urgently repair generating units at local stations. South Africans suffered two... 

'Stage 4 load-shedding is unacceptable, disruptive to economy' – Gordhan
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Eskom technical review team to deliver preliminary report in four weeks 

By: Terence Creamer     14th March 2019 The Eskom technical review team, appointed by the Public Enterprises Minister Pravin Gordhan and the Eskom board on March 4, will produce a preliminary report within four weeks, Cabinet said in a statement released on the same day, March 14, that Eskom resumed load-shedding. Cabinet said the team... 

Eskom technical review team to deliver preliminary report in four weeks

'No tomorrow' for many unless consumption falls – UN

By: Reuters     13th March 2019 Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources –... 

NUM to march on Luthuli House on March 30 to protest Eskom unbundling

By: Terence Creamer     12th March 2019 The National Union of Mineworkers (NUM) announced on Tuesday that it would march on the African National Congress’ (ANC's) Luthuli House head office, in Johannesburg, on March 30 to voice its opposition to the unbundling of Eskom. It would also use the protest action to call for the resignation... 

NUM to march on Luthuli House on March 30 to protest Eskom unbundling

Better planning needed to ensure jobs for skilled persons in water, energy sectors

By: Marleny Arnoldi     12th March 2019 About 300 000 graduates in the energy and water sectors in South Africa are seeking employment, some of whom even re-enter into learnerships to stay in the economically active loop, says Energy and Water Sector Education and Training Authority acting CEO Mpho Mookapele. Speaking at the Skills... 

Medupi, Kusile contracts were misguided, Mabuza says 

By: African News Agency      12th March 2019 The contracts to build Medupi and Kusile were badly structured, leading to corruption and making Eskom carry the cost of time overruns, Deputy President David Mabuza conceded in Parliament on Tuesday. "The contracting model did not achieve the objective of maximising local participation," Mabuza... 

Medupi, Kusile contracts were misguided, Mabuza says

Growth boosts fuel distributor

By: Thabi Madiba     8th March 2019 The 100-million litres supplied to logistics, construction and mining companies in 2017 compared to the 151-million supplied in 2018, shows a significant growth of 51%, which fuel distributor Advent Oil MD Lebo Mbethe hopes will serve as a catalyst for the business in 2019. She attributes this... 

Growth boosts  fuel distributor
GROWTH IN NUMBERS Hunger for taking up new changes in a demanding market will catalyse growth for Advent Oil

Busa says it hopes timeframe for Eskom task team can be extended

By: African News Agency      7th March 2019 Business Unity South Africa (Busa) said on Wednesday that it hoped the timeframe for the engineering task team mandated with investigating a host of issues at embattled power producer Eskom could be extended.  The team is set to start its work on Monday and has to deliver its report to public... 

M&R’s underground mining order book rises to R25bn amid oil and gas slowdown

By: Terence Creamer     6th March 2019 A strong performance from Murray & Roberts’ (M&R’s) underground mining business was insufficient to offset lower contributions from its oil and gas, as well as its power and water platforms in the six months to December 31, 2018. The JSE-listed company reported a 17% fall, to R9.8-billion, in... 

M&R’s underground mining order book rises to R25bn amid oil and gas slowdown

Eskom official instructed to make payment to Tegeta 'within 3 hours', State capture commission hears  

By: African News Agency      5th March 2019 Head of finance at Eskom's primary energy division, Snehal Nagar, on Tuesday testified on how he was instructed to make a R659-million pre-payment for coal to Gupta's Tegeta Resources within three hours without following Eskom processes. Nagar, a chartered accountant, told the State capture... 

Eskom official instructed to make payment to Tegeta 'within 3 hours', State capture commission hears

New black-empowered miner Sibambene Coal searching for assets

By: Nadine James     5th March 2019 Empowered Sibambene Coal on Tuesday announced its intention to acquire high-quality existing and greenfield coal assets in South Africa to promote inclusive growth and competition within the coal sector. Energy group Mercuria, mining investment company Menar and 100%-black owned investment... 

New black-empowered miner Sibambene Coal searching for assets
Photo by Creamer Media's Nadine James
Sibambene directors Vuslat Bayoglu and Dr Sakhile Ngcobo and chairperson Dr Nomfundo Ngwenya

Minerals Council welcomes task team to assess challenges at Eskom power stations

By: African News Agency      5th March 2019 The Minerals Council South Africa on Tuesday applauded the establishment of an engineering task team to assess challenges at state utility Eskom’s power stations. Cash strapped Eskom has struggled to meet electricity demand and was forced for several days last month to implement rolling blackouts... 

Gordhan names Eskom technical review team 

By: African News Agency      5th March 2019 Public Enterprises Minister Pravin Gordhan on Monday appointed the promised technical review team that will conduct a rapid review of operations and maintenance at Eskom's power plants. The team of 11 experts is headed by Tsakani Mthombeni, the chairperson of the Energy Intensive Users Group... 

Gordhan names Eskom technical review team
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

S&P revises Eskom outlook to stable in wake of govt’s R23bn-a-year pledge 

By: Terence Creamer     1st March 2019 Credit ratings agency S&P Global Ratings has revised its outlook on Eskom to stable from negative, following Finance Minister Tito Mboweni’s announcement of R23-billion a year of additional funding to the debt-laden State-owned electricity utility. The ratings agency affirmed its 'CCC+' and 'zaB'... 

S&P revises Eskom outlook to stable in wake of govt’s R23bn-a-year pledge

More meetings with labour planned on Eskom 

By: African News Agency      28th February 2019 The special Cabinet committee on Eskom will hold more meetings with organised labour to discuss the contentious restructuring of the struggling power utility into three units, according to a statement issued on Thursday. "The meeting with labour reported on the problems with Eskom’s operations... 

More meetings with labour planned on Eskom

Former Glencore CEO 'devastated' by Molefe's about-face on coal deal

By: News24Wire      28th February 2019 Former Glencore chief executive Clinton Ephron has told the Zondo commission into state capture that he was devastated when former Eskom CEO Brian Molefe told him Eskom would not be updating the company’s contract with the power supplier. Ephron took to the stand on Wednesday and was widely... 

Energy Regulator to announce Eskom tariff decision on March 7 

By: Terence Creamer     27th February 2019 The National Energy Regulator of South Africa (Nersa) will announce its decision on Eskom’s fourth multiyear price determination (MYPD4) application, as well as the State-owned utility's 2017/18 regulatory clearing account (RCA) submission on Thursday March 7. The determination will be released... 

Energy Regulator to announce Eskom tariff decision on March 7
Photo by Creamer Media's Dylan Slater
Nersa panel members listen to presentations during recent public hearings into Eskom's revenue application

Eskom employees were pressured to sign R4.3bn contract with Tegeta, Zondo inquiry hears

By: African News Agency      26th February 2019 Evidence leader at the Zondo Inquiry, Advocate Kate Hofmeyr, on Tuesday gave an overview of the evidence of corruption in Eskom's coal supply contract with Gupta family businesses that was going to be presented by a new witness. Daniel Mashigo, acting senior general manager for primary energy... 

Eskom employees were pressured to sign R4.3bn contract with Tegeta, Zondo inquiry hears

Mabuza says Koko leaked Eskom documents to help Trillian, McKinsey

By: African News Agency      25th February 2019 Eskom chairperson Jabu Mabuza told the Zondo Inquiry on Monday that former acting chief executive, Matshela Koko, leaked confidential documents to third party companies that wanted to do consulting business with Eskom. Resuming his testimony on Monday, Mabuza reiterated his allegation that emails... 

Mabuza says Koko leaked Eskom documents to help Trillian, McKinsey
Photo by Creamer Media's Dylan Slater
Eskom Chairperson Jabu Mabuza

Eskom was the 'main stage in the theatre of corruption', says Mabuza 

By: African News Agency      22nd February 2019 Eskom chairperson Jabu Mabuza told the Zondo Inquiry on Friday that the current board of directors discovered that the power utility was "the main stage in the theatre of corruption" when it was appointed in January 2018. Asked by evidence leader Vincent Maleka to detail the state of affairs when... 

Eskom was the 'main stage in the theatre of corruption', says Mabuza
Photo by Creamer Media
Eskom chairperson Jabu Mabuza

Eskom support will weigh on South Africa's finances – S&P Global

By: Reuters     22nd February 2019 South Africa's support plan for struggling state-owned electricity firm Eskom will put further strain on the country's finances, rating agency S&P Global said on Thursday, although it should be offset to a degree by easing external pressures. In his maiden budget speech on Wednesday Finance... 

Eskom bailout could reach R150bn over ten years

By: Reuters     21st February 2019 A bailout for struggling South African state utility Eskom could reach as much as R150-billion over ten years, a senior National Treasury official told Reuters. The Treasury said on Wednesday that it would provide Eskom with R69-billion of financial support over three years. 

Eskom bailout could reach R150bn over ten years

Africa still slow to take up EVs, energy storage solutions

By: Marleny Arnoldi     20th February 2019 Globally, there is a rise in the uptake of electric vehicles (EVs) and battery storage systems, especially in regions where there is a lack of constant, reliable energy supply or more economically feasible solutions, Electric Vehicle Industry Association representative Carel Snyman said during a... 

R69bn in support for Eskom made conditional on restructuring 

By: Terence Creamer     20th February 2019 Finance Minister Tito Mboweni has turned down a proposal for R100-billion of Eskom’s debt to be transferred across to the National Treasury, but has instead announced R23-billion a year in financial assistance for the debt-laden utility that is directly tied to a restructuring of the business.... 

R69bn in support for Eskom made conditional on restructuring
Photo by Bloomberg
Finance Minister Tito Mboweni

State-owned AEMFC awarded PCF bid to the tune of R1bn

By: Nadine James     20th February 2019 A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its associated assets to the value of R1-billion.  PFC is finance granted to a company in business rescue and is... 

State-owned AEMFC awarded PCF bid to the tune of R1bn
From left to right are: Lurco Group COO and co-founder Aubrey Chauke; Lurco Group business development, marketing and capital raising head Lee Stokes; Lurco Group commercial head Richard MacDonald; Lurco Group consultant Errol Salkinder; Ukwazi MD Jaco Lotheringen; the BRP's lead lawyer Bouwer van Niekerk; Optimum BRP Chris Monyela; BRP officer Devon Brikkels; Lurco Group CEO and co-founder Ellington Nxumalo; Optimum senior BRP Juanito Damon; Optimum senior BRP Louis Kloppers; AEMFC legal counsel Nkhangweni Ndou; and Lurco Group legal counsel Khanyi Zungu

Digitalisation could facilitate energy access, efficiency in Africa – panel

By: Marleny Arnoldi     19th February 2019 Digitalisation within the African energy sector is accelerating at a rapid rate, creating demand for innovation and adaptation to new market technologies and the development of new skill sets within organisations, Trade and Industry Policy Strategies executive director Saul Levin told delegates... 

Digitalisation could facilitate energy access, efficiency in Africa – panel

AfDB optimistic about Eskom’s turnaround prospects

By: Terence Creamer     19th February 2019 The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News... 

AfDB optimistic about Eskom’s turnaround prospects
Photo by Creamer Media
AfDB power, energy, climate and green growth complex VP Amadou Hott

Load-shedding 'extremely dangerous' to local auto sector, warns Naamsa chairperson 

By: Irma Venter     19th February 2019 Load-shedding is “extremely dangerous” to the local automotive industry, says Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby. Kirby is also chairperson of the National Association of Automobile Manufacturers of South Africa (Naamsa). 

Load-shedding 'extremely dangerous' to local auto sector, warns Naamsa chairperson
TSAM president and CEO Andrew Kirby
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