Eskom proposes tariff hikes in a bid to recover losses
IOL – State electricity company Eskom has asked the National Energy Regulator of South Africa (Nersa) to grant it an additional three percent annual increase for the years 2020 - 2022 to help recoup losses on its Regulatory Clearing Account
Mining industry says Eskom’s proposed tariff hikes will result in mine closures
The Citizen – The South African mining industry said on Tuesday it opposes Eskom’s application for an increase to recover losses on its Regulatory Clearing Account (RCA), arguing it would have a severely negative impact on other sectors that depend on the mining sector.
Johannesburg's rooftop farmer
BBC – Rooftop hydroponics is part of a new "urban agriculture initiative" taking place in the South African city of Johannesburg. This farming - which uses water rather than soils to grow plants - is proving popular among green entrepreneurs, as Jessica David Preyser discovers.
Eskom returns to cost plus mines in 100Mt coal procurement drive
Miningmx – A combination of short-term and long-term coal procurement contracts would restore the integrity of Eskom’s primary power supply, a strategy that would include the recapitalisation of at least two of its fixed-cost coal suppliers in a return to the model, the utility said.
BEE ruling a win for miners and investors
Fin24 – One of the companies to have benefitted most from a recent High Court ruling on the principle of “once empowered, always empowered” is DRDGOLD, followed by Sibanye-Stillwater and, in the pure-play platinum sector, Impala Platinum (Implats).
More payouts to injured miners after reforms by Barry Kistnasamy
Business Day – The Compensation Commission for Occupational Diseases (CCOD) has steadily increased the number of payouts to injured miners over the past three years, a trend that suggests the reforms instituted by commissioner Barry Kistnasamy have turned the troubled fund around.
IMF delivers SA a vote of confidence
Business Day – The IMF has given SA a vote of confidence, revising its growth projections, but also warned that progress would be slow unless structural reforms were implemented.
Economists predict charter will fuel investment boom in mining sector
Business Day – Mining is expected to detract from first-quarter GDP, despite a 3.1% increase in February. But economists say an amended Mining Charter, to be released in May, should revitalise investment in the sector.
Mining Charter changes to lift SA’s index score
Business Day – If SA’s efforts to deliver an improved Mining Charter in coming weeks are successful, Business Monitor International (BMI), a unit of FitchGroup, will upgrade the country’s low score on the regulatory sub-Saharan mining risk/reward index.
Complexities of Mining Charter could compromise May wrap-up
Money web – Mines minister Gwede Mantashe says that’s he’s aiming to finalise the third version of the industry charter by May and it may ask the requirements for black ownership levels and other targets. I had a conversation with Peter Major who is an analyst at Cadiz Corporate Solutions about the comments by the minister and also about the state of the platinum industry in South Africa.