Home News Energy Page 123

Energy

Eskom’s ‘overcooked’ tariffs slated

A body representing the largest consumers of electricity says Eskom's inflated tariffs will negatively affect the economy.

China cool on ‘expensive’ SA coal

The price of importing South African coal into China has fallen to be nearly on par with Chinese domestic rates, but buyers are not biting, industry players say.

Gigaba to have Medupi shortfalls probed

No heads will roll at Eskom following the R10bn overrun at Medupi, but the utility has failed to retain its CFO Paul O'Flaherty who left the organisation today.

WCC in funding squeeze as project faces delay

Waterberg Coal Company was also considering building a smaller export-dedicated mine at its Waterberg Coal Project amid delays in a Eskom sales agreement.

Chinese set Feb 2 deadline on Kalahari bid

CGNPC has set a February 2 deadline on its offer for Kalahari Minerals, which may trigger a $2.2bn bid for Kalahari's Australian subsidiary Extract Resources Ltd as early as March.

Eskom defends Tegeta link saying it saved R10bn in coal costs

SOUTH African power utility, Eskom, defended its relationship with the Gupta family owned Tegeta Exploration & Resources (Tegeta) saying it was commercial and had...

SA Govt kicks on with Karoo shale gas permits

The South African government is to proceed with the processing of exploration permits for shale gas in the ecologically sensitive region of the Karoo.

Resgen to weigh benefits of IPP coal supply

Rob Lowe, interim CEO of Resource Generation, said the supply of coal to a 245MW independent power producer figured highly in the firm's priorities.

Xstrata profit up sevenfold on commodities boom

Anglo-Swiss mining group Xstrata has reported a sevenfold increase in annual net profit in 2010 as it rode the forecast boom in commodities markets and prices.

Kibo closing coal supply agreements with regional producers for Benga

COALĀ purchase agreements with potential suppliers to the Benga Power Plant Project in Mozambique were progressing, said Kibo Energy, the company which is driving the...