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Kenya inaugurates another crisis. Mineworkers union calls for 'infrastructure audit' at South African mines. Lulu Letlape, spokesperson for BHP Billiton, said in response to questions for Mkhwanazi, that a full board of directors approved the Hillside 3 negotiated pricing agreement in , as submitted by Eskom. Engineering News is a product of Creamer Media. Centerra approves further funding for European JV partner on success; gets more credit.
In the last ten years, the commodities of mkhwanazi proposed bitcoins company South32 enjoyed an earnings margin — in mining before I am a RelSci Pro Subscriber. Southern African countries, Botswana to play larger role in xolani export market. The Bitcoins Alumina mining offers bauxite mine and alumina refinery in Western Australia. Bhekisisa Bhekisisa Reporters The company was xolani in and is headquartered mkhwanazi Richards Bay, South Africa.
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They have been the subject of much ire for a South African public that has faced both a chronic electricity shortage since the beginning of and drastic tariff increases to finance the building of new power plants.
The government was warned in of the need to build new plants, or electricity demand would exceed supply by But state policy remained geared to attracting electricity intensive industry to the country, despite looming shortages.
This has called into question the choices of decision-makers who, at the time, permitted the sale of large amounts of cheap power when it was emerging that South Africa faced a shortage. The regulator was required to approve special pricing agreements under both this Act and its predecessor, the Electricity Act of , as amended in , according to an analysis of the contracts drawn up by the managing director of EE Publishers, Chris Yelland.
Power supply agreement According to Eskom, the contracts for the first two potlines the long rows of electrolytic units, or pots, in which smelting takes place at Bayside and Hillside were conducted at a time when approval from the regulator was not required, essentially before But of particular concern are the contracts for a third potline at Hillside, which was signed in , and the Mozal smelter. The latter involved the establishment of a transmission company called Motraco, made up of the South African, Mozambican and Swaziland power utilities, which would sell power on to Mozal.
The power supply agreement between Mozal and Motraco was signed in late , before Mkhwanazi was at the regulator, according to documents released after the court decision. But the agreement between Eskom and Motraco was signed during April and May The Mozal smelter was only powered up in early Yelland said that Mkhwanazi would have had to approve the Hillside 3 contract, and had possibly had sight of the deal between Motraco and Eskom. Mkhwanazi took up a position at the engineering firm Bateman after leaving the regulator in By February 1 , he had joined BHP Billiton as chief operations officer of its aluminium business in South Africa and he was appointed chairperson of its South African business in Lulu Letlape, spokesperson for BHP Billiton, said in response to questions for Mkhwanazi, that a full board of directors approved the Hillside 3 negotiated pricing agreement in , as submitted by Eskom.
They applied "due process and specific criteria to approve this contract" Letlape said, and referred queries about the criteria to Nersa.
The company did "not believe that Dr Mkhwanazi's employment at BHP Billiton undermines good corporate governance practices", Letlape said. Contracts relating to Mozal did not go through his committee during his time at the regulator, she said. Key decision-makers Other key decision-makers at the time would have included Reuel Khoza, who chaired Eskom's board from to August Correspondence requesting comment from Khoza were not responded to by the time of going to print.
The Mozal contracts were renegotiated in but Eskom has applied to Nersa to have the Bayside and Hillside contracts reviewed. Nersa is currently preparing for the review, which it has indicated will be held in public in the coming months. Since , BHP Billiton has mothballed two potlines at Bayside to address issues of electricity supply.
But BHP Billiton has determined that it will hold Eskom to the agreements, which Mkhwanazi has defended in the media, arguing that the company has not benefited from them unfairly and that they were negotiated in good faith. In a letter to Business Day he said the smelters in Richards Bay had made a significant contribution to the regional economy and the company had a responsibility to its employees, suppliers and shareholders. Charles Geldard, regulatory specialist at Nersa, said the decision-makers of the day might well have approved the contracts based on appropriate forward-looking calculations and deemed that they were good at the time.
He stressed that the smelter contracts included interruptibility clauses, which allowed Eskom to cut power to the smelters at critical times, and the review process would examine the value of these to Eskom. In the last ten years, the commodities of the proposed new company South32 enjoyed an earnings margin — in earnings before Aluminium and manganese have been excluded by implication in BHP Billison's selection of iron-ore, copper, coal — with coking coal the likely preferred coal type over thermal The second-phase development will The nigh-R1-billion expansion project is currently the largest new investment in the manganese industry in the It is hoped that this will bridge the CoM senior executive for transformation and stakeholder relations Vusi Mabena confirmed on CoM president Xolani Mkhwanazi said the meeting was aimed at facilitating sustainable Mining Weekly is a product of Creamer Media.
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