miningmx
TODAY In Energy ›


No energy for furture smelters - Davies

I-Net Bridge | Wed, 11 Nov 2009 09:25
[miningmx.com] -- According to Rob Davies, the Trade and Industry Minister, this country can’t expect to have large energy-absorbing projects in the future.

Replying to a member’s statement regretting the withdrawal of Alcan’s proposal to build an aluminium smelter at Coega in the Eastern Cape, made by Smuts Ngonyama of the Congress of the People in the National Assembly on Tuesday, he said: “That was a past concept of industrial decentralisation, and certainly not the current one.”

Davies told the house that Coega’s chief, Pepe Salinga, said that he was not fazed by the cancellation of the project. “Long ago they had moved away from looking for an anchor tenant,” Davies said, “in particular large energy-using but not labour-creating projects like aluminium smelters.”

The minister added that the project was suspended “basically because we don’t have the energy to support these kinds of projects that don’t generate large quantities of down stream activities.”




USER COMMENTS () Click to View
COMMENT
SHARE
E-MAIL
PRINT
Add Your Comment
No bad language or hate speech please.

facebook de.li.cious Digg
Most Read
Commented
Ed's Choice
  1. »Imperial Crown Trading vies for part of Sishen
    by Allan Seccombe | 18 Mar 2010 16:44
  2. »Aurora fighting rising tide of discontent
    by Miningmx reporter | 19 Mar 2010 08:55
  3. »Smelter contracts puts Eskom in dilemma
    by Miningmx team | 18 Mar 2010 10:01
  4. »ANC tentacles in Sishen mineral rights
    by Jan de Lange | 18 Mar 2010 08:59
  5. »MPs want details on Eskom deals
    by Troye Lund | 19 Mar 2010 14:32
  1. » Pallinghurst maps aggressive growth plans
    by Allan Seccombe | 17 Mar 2010 15:27
  2. » ANC tentacles in Sishen mineral rights
    by Jan de Lange | 18 Mar 2010 08:59
  3. » First Uranium shake up marks fund raising
    by Allan Seccombe | 12 Mar 2010 14:51
  4. » South Africa slips to 4 in gold rankings
    by Allan Seccombe | 12 Mar 2010 13:03
  5. » JSE probes ArcelorMittal conduct
    by Jan de Lange | 09 Mar 2010 11:20
  1. » Imperial Crown Trading vies for part of Sishen
    by Allan Seccombe | 18 Mar 2010 16:44
  2. » South Africa slips to 4 in gold rankings
    by Allan Seccombe | 12 Mar 2010 13:03
  3. » ETF threat hangs over gold
    by Allan Seccombe | 08 Mar 2010 18:01
  4. » Kumba's play for Sishen hits a hurdle
    by Allan Seccombe | 17 Mar 2010 16:39
  5. » AngloGold gets serious
    by Allan Seccombe | 11 Mar 2010 15:51
More news from Energy
special reports
News Alert! Subscribe to our Free News Alert
multimedia

Multimedia

LATEST PODCAST | Pallinghurst steps up its game | 18 Mar 2010 - › More
The MiningMX team delves deeper into the improved results of Gem Diamond and looks at Pallinghurst R ... Listen ›
RADIO WRAP | More ›
  • First Uranium rescue plan good for Simmers too - Bernard Swanepoel |
  • Chamber's proposal gives an "almost bearable" alternative - Dick Kruger, CoM |
  • podcastsPodcasts
    Big opinions by big guys.
    RSSRSS Feeds
    News delivered really simply.
    jobsJobs
    Current listings.
    eventsEvents
    Current listings.
    jseJSE Listed stocks
    Real time resources data.
    special reportsFREE News Alert!
    Subscribe to our News Alert