[miningmx.com] – UNRELIABLE supply of electricity from South Africa’s Eskom was preventing Sibanye Gold from committing to mine deepening projects.
In an interview with the gold firm’s CEO, Neal Froneman, Bloomberg News said in an article republished by BDLive that the cost of electricity was also too high. “We’ve had the warning signs but we wait until it’s a crisis, and it will take years and years to fix,” said Froneman.
“We will find it very difficult to commit to deepening projects, which are energy intensive, because the cost of power’s going to be too high and we need reliability of supply,” he said.
Eskom was forced into load-shedding in December, the first since 2010, owing to coal supply shortages, unplanned outages and problems with supply from Cahora Bassa.
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