'Power produced by mining companies for their own use often does not require Eskom handling or transmission and if so, should not be subject to licensing, irrespective of size.'
The South African mining industry has 1.67 gigawatts of projects waiting for government permission to build as Eskom struggles to keep the country supplied with electricity.
Miners are calling on government to step up plans to grant them permission to set up independent power sources. Business Day TV caught up with James Wellsted from Sibanye-Stillwater to discuss the situation in more detail. According to Baxter, the mining industry could bring into production 869MW of solar power and up to 800MW of conventional power over the next three to four years.Major listed companies such as Sibanye-Stillwater, Anglo American Platinum, Harmony Gold, Gold Fields and newcomer Orion Minerals all want to fund solar projects for their operations.
Eskom has raised tariffs by 523% since 2006 for its mining clients, leaving the industry reeling. Marginal gold mines have shut and thousands of jobs have been lost.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miners renew urgent calls for independent power in SAApplications for projects have been stuck in limbo for years
Read more »
Disclose emissions data, Investec urges gold minersInvestec Asset Management wants companies to be more responsible for their products
Read more »
Miners renew urgent calls for independent power in SAApplications for projects have been stuck in limbo for years
Read more »
Load shedding: Petra Diamond mines stop operations to reduce electricity demandThe diamond mining company says it will bring its operations in Cullinan, Finsch and Koffiefontein to a halt to help Eskom conserve power.
Read more »
Cyber crime no laughing matterDigital crime banking fraud has increased tremendously in the past two years with trends like banking apps, online banking, mobile banking, phishing, vishing, smishing, e-mail hacking and business e-mail compromise becoming prominent.
Read more »
Disclose emissions data, Investec urges gold minersInvestec Asset Management wants companies to be more responsible for their products
Read more »