R/€ = 14.87 Change: -0.02
R/$ = 12.14 Change: -0.02
Au 1336.91 $/oz Change: 6.25
Pt 995.50 $/oz Change: -20.70


Botswana to spend $495m to extend power grid to northwest

By: Reuters     22nd January 2018 The Botswana Power Corporation (BPC) on Monday launched a P4.8-billion ($495-million) project to build an electricity transmission line to connect the northwest of the country, a centre of copper mining and tourism, to the national grid. Domestic consumers in the region currently rely on imports... 

'There has never been a bigger disconnect between price and value' – VRIC 2018

By: Henry Lazenby     22nd January 2018 "The disconnect between price and value is as stunning as I've ever seen," founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. 

South Africa names Jabu Mabuza as Eskom chair in board shake-up

By: Reuters     20th January 2018   South Africa’s Deputy President Cyril Ramaphosa has appointed a new board at state-owned power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman, the country’s presidency said on Saturday. 

Senator, uranium producers urge US govt to investigate reliance on Russian imports

By: Henry Lazenby     20th January 2018 US Republican senator for Wyoming John Barrasso has called on the Commerce Department to launch an investigation into the effects of uranium imports on US national security. "For years, government-owned uranium producers in Russia, Kazakhstan and Uzbekistan have unfairly flooded American markets... 

UK announces further funding for small modular nuclear reactor programme

By: Keith Campbell     19th January 2018 The British government last month announced the next phase in its programme of funding the development of small modular nuclear reactors (SMRs), which forms part of a larger programme to develop the nuclear technology and energy sector in the UK. This phase will see Westminster awarding up to... 


     19th January 2018 Rational energy policymaking has been extremely elusive for more than two years, during which an atmosphere of gloom enveloped South Africa’s once-lauded renewables procurement programme. The election of Cyril Ramaphosa as the new president of the African National Congress is expected to breath... 

Akademik Lomonosov floating nuclear heat and power plant project, Russia

By: Sheila Barradas     19th January 2018 The operation of the Akademik Lomonosov was approved in December 2017. 

Evonik, Siemens aim to harness Germany's green power overload

By: Reuters     18th January 2018 Germany's Evonik and Siemens are teaming up to convert excess renewable power into chemical building blocks that would normally require oil, the latest attempt to deal with erratic flows of wind and solar power in the country. Engineering giant Siemens will work to electrolyse carbon dioxide and... 

Editorial: Eskom requires surgery not a Band-Aid

By: Terence Creamer     18th January 2018 Eskom’s debt refinancing is undoubtedly a critical burning platform. The clock is most definitely ticking and the consequences of not closing the immediate financial chasm will be dire not only for the utility, but also for citizens. That said, government is extremely unlikely to allow Eskom to... 

Cloud Peak to export US coal to new power plants in Japan

By: Reuters     17th January 2018 US miner Cloud Peak Energy said on Tuesday it will export coal from a Montana mine for 30 to 40 months to two new power plants in Japan with shipments that could start late next year. The coal from Montana's Spring Creek Mine will be carried by rail to Vancouver and then sent by ship for... 

Sarb appoints new MPC adviser

By: Megan van Wyngaardt     16th January 2018 The South African Reserve Bank (Sarb) has appointed Fundi Tshazibana an adviser to the bank’s governors, effective February 19, making her the seventh member of the bank’s Monetary Policy Committee (MPC). With 17 years of experience in public policy analysis and formulation, Tshazibana has worked... 

New ‘power-to-X’ prospects may arise as renewables costs continue to fall

By: Terence Creamer     15th January 2018 The outlook for solar and wind electricity costs to 2020 “presages historically low costs for new renewable electricity”, which could create new economic and industrial opportunities, a new International Renewable Energy Agency (Irena) report argues. Released in Abu Dhabi, the United Arab... 

Rwanda, Mauritius get funding for solar PV projects

By: Anine Kilian     15th January 2018 The Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (Irena) on Monday announced that $25-million in concessional loans from ADFD have been earmarked for solar photovoltaic (PV) projects in Mauritius and Rwanda. The projects have the potential to significantly... 

Solar steam powers homes – and new jobs – in South Africa

By: Reuters     12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

A new era of batteries spells trouble for gas in America

By: Bloomberg     12th January 2018 California, the state that helped birth the global boom in battery-toting electric vehicles, is trying to spark a similar transformation for utilities. And that spells trouble for power plants all across the U.S. that run on natural gas. The California Public Utilities Commission approved an... 

Creamer Media wows market with combined subscription offer

By: Creamer Media Reporter      11th January 2018 Creamer Media’s Research Channel Africa is a powerful information tool, providing real-time intelligence on industry and mining developments in Africa. Publishing Editor, Martin Creamer urges readers to “make a smart choice for 2018 and take up Creamer Media’s combined subscription offer”.  This... 

LHDA awards Polihali transfer tunnel design contract

By: Schalk Burger     10th January 2018 The Lesotho Highlands Development Authority (LHDA) has awarded the contract to design and supervise the construction of the Polihali water transfer tunnel – the largest of all the Lesotho Highlands Water Project Phase Two (LHWP II) engineering design contracts – to the Metsi a Senqu-Khubelu... 

Congo may more than double tax on critical global cobalt supply

By: Bloomberg     10th January 2018 The Democratic Republic of Congo is preparing to more than double a tax on two-thirds of global cobalt supply, potentially increasing the cost of the critical battery metal just as the world begins to embrace electric vehicles. Congo, the world’s biggest cobalt producer, will increase the royalty... 

Calls made for far-reaching Eskom restructuring as sustainability risks mount

By: Terence Creamer     9th January 2018 Eskom’s current financial situation makes it difficult to see any other path to sustainability than that of drastic cost-cutting, restructuring and bringing private equity into the business, Energy Intensive Users Group of Southern Africa (EIUG) past chairperson Piet van Staden argues. In an... 

Off-grid solar set to boom in Africa

     9th January 2018 The role of off-grid and mini-grid in rural electrification in Africa, will be a key discussion session during the 10th Africa Energy Indaba Conference on 20-21st February 2018 at the Sandton Convention Centre in Johannesburg, South Africa, supporting the immense growth potential of solar. Solar... 

Ivanhoe’s DRC copper mines connected to grid as hydropower plant is upgraded

By: Megan van Wyngaardt     8th January 2018 TSX-listed miner Ivanhoe Mines on Monday said its Kakula mine development site, 10 km south of Kamoa’s initial Kansoko mine site, in the Democratic Republic of Congo (DRC), started receiving power from the national grid in December. Kakula’s development is being fast-tracked, with a... 

City of Johannesburg to run citywide revenue collection blitz

By: African News Agency      8th January 2018 Johannesburg mayor Herman Mashaba will on Monday take part in a citywide revenue collection blitz to collect just under R1-billion in arrears amounts from over 2000 businesses which have failed to pay for city services, the city said. Mashaba would be joined by the Johannesburg Metro Police... 

Coal dwarfs battery metals in mining deals despite war on pollution

By: Reuters     8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 

China aims to supersize coal sector through mergers

By: Reuters     5th January 2018 China said on Friday it plans to create several "super-large" coal mining companies by the end of 2020 as the world's biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity. The country's National Development & Reform Commission... 

Improving quality of life remains key priority, says Zuma

By: African News Agency      2nd January 2018 Improving the quality of life of the South African people, especially the poor and the working class, remains a key priority of government, President Jacob Zuma said on Sunday. “Significant strides” were made in 2017 in fighting poverty, inequality, and unemployment, he said in his new year’s... 

Canyon Coal connects local community to electricity grid

By: Megan van Wyngaardt     21st December 2017 Mid-tier coal mining and exploration group Canyon Coal, which has operations and projects in Mpumalanga and Gauteng, connected families who live next its Phalanndwa colliery in Delmas, to its electricity grid. Phalanndwa GM Alan Mabbett noted the company was “excited” to provide free electricity... 

Rigging the nuclear outcome?

By: Saliem Fakir     15th December 2017 At the time of writing, it appeared nuclear would be ramped through before the African National Congress elective conference, which starts on December 16. New Energy Minister David Mahlobo says we need nuclear. There have been a lot of platitudes about jobs and industrialisation, and that nuclear... 

Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury 

By: Schalk Burger     15th December 2017 The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

India faces surge in coal imports over next three months

By: Ajoy K Das     15th December 2017 Indian coal imports is likely to gain further momentum during the next three months, reversing a falling trend seen early in the financial year as more user industries are planning to up inward shipments to feed their fuel-starved captive power plants. Several companies in the chemicals, medium... 

Successful solar PV project exemplified for SA uptake

By: Tasneem Bulbulia     15th December 2017 The “tremendous” success of the Robben Island solar photovoltaic (PV) microgrid project lends itself to “fantastic” replication potential, as it serves as a model example for retrofitting existing energy systems with solar and batteries to significantly reduce fossil fuel consumption and... 

Northern Pass transmission line, Canada and US

By: Sheila Barradas     15th December 2017 Northern Pass Transmission is building a transmission line that will transfer 1 090 MW to the region of New England. 

Biomass-fired circulating fluidised-bed boiler, Japan

By: Sheila Barradas     15th December 2017 Andritz has been awarded an order to deliver the boiler. 

Katsina solar photovoltaic power plant, Nigeria

By: Sheila Barradas     15th December 2017 Pan Africa Solar plans to build a 75 MWac solar photovoltaic plant in Katsina state, the largest in Nigeria. 

Ringhals nuclear power plant upgrade, Sweden

By: Sheila Barradas     15th December 2017 Ringhals’ and Vattenfall’s boards of directors have decided to invest in independent core cooling in reactors 3 and 4 at the power plant to extend operations into the 2040s. 

Koeberg Unit 1 passes 400 days of continuous operation

By: Schalk Burger     13th December 2017 Unit 1 of the Koeberg nuclear power station has reached the milestone of 400 days of continuous operation. State-owned power utility Eskom on Wednesday said this was achieved after the unit was shut down for scheduled refuelling, inspection and maintenance on September 19, 2016, after a safe,... 

Novovoronezh NPP Unit 7 nearing completion

By: Nadine James     13th December 2017 The construction of a 1 200 MW water-to-water energetic reactor (VVER) for Unit 7 at Russian State-owned nuclear company Rosatom’s Novovoronezh nuclear power plant (NPP) is nearing completion, Novovoronezh NPP information and public relations head Yuri Molotov told a delegation of African media... 

Decreasing employment in South Africa a sign of ‘deeply troubled economy’ – Seifsa

By: African News Agency      13th December 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday that South Africa’s employment statistics showed signs of a “deeply troubled economy” and was a serious cause for concern. This comes after Statistics South Africa released its Quarterly Employment... 

New JV to develop small-scale Zambian hydropower projects

By: Schalk Burger     12th December 2017 The New Africa Power joint venture (JV) plans to develop a 65 MW portfolio of small-scale, run-of-the-river hydropower projects in Zambia. The JV, established by Nairobi-based energy holding company responsAbility Renewable Energy, international finance institution Norfund and investment company... 

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