Eskom chief warns against rigid coal shutdown plan
ESKOM boss Dan Marokane has pushed back against locking South Africa into hard deadlines for shutting down its coal plants, News24 reports. The online publication quoted Marokane…
Exxaro cuts renewable energy target as revises capital plans
EXXARO Resources confirmed it is reviewing its dividend policy, an outlook CEO Ben Magara first made clear last year after agreeing to buy the manganese assets of Ntsimbintle…
Eskom says SA has to suck up tariff increases
ESKOM’S application for above-inflation tariff hikes over the next three years opens the conversation about what South Africa’s national electricity utility needs to invest in to…
Mantashe says SA to burn coal “for a long time”
SOUTH African mines and energy minister Gwede Mantashe says the country will continue to burn substantial amounts of coal “for a long time”. “This belief that you can leave coal…
Kumba weighs Transnet penalties after utility failures cost firm R10bn in sales last year
KUMBA Iron Ore said it was “in discussions” with Transnet regarding financial penalties that may apply in a ‘take-or-pay’ rail contract after the state-owned utility delivered…
Eskom paid R9.7bn in take-or-pay coal penalties to Exxaro – with more to come
ESKOM paid R9.7bn in penalties in terms of a take-or-pay agreement with Exxaro Resources, according to Bloomberg News which cited a presentation by the power utility to the…
How Eskom crisis is taking South African society to the brink
SOUTH African industries, businesses and households are scrambling to generate their own electricity in the face of a widening power shortfall, which is set to persist and…
SA Govt plans to “open floodgates” for private investment in stricken energy sector
THE South African governmen would “open the floodgates” to private investment in the country’s stricken energy sector, said Bloomberg News. Citing a presentation by the…
Explosion at Eskom’s Medupi power station to cost billions and many years to repair
THE explosion of a unit at power utility Eskom’s Medupi power station would cost “billions to fix” and remove 797MW from the South African national grid at a time when there was…
Eskom reports explosion of unit 4 at Medupi on Sunday, no injuries sustained
ESKOM said today a unit at its 4,800MW Medupi power station had exploded – a development that swiftly ends the company’s joy at reaching full commercial production of the R234bn…
Exxaro warns of Medupi hit on coal output and sales volumes
Eskom’s troubles continue to plague Exxaro, with the diversified miner cautioning that lower coal demand from the Medupi power station will adversely impact its coal production…