5 items across 8 digests
Glencore Merafe Chrome Venture submitted a counterproposal to Eskom's 62c/kWh electricity tariff offer, calling the utility's current conditions "commercially unworkable." This pricing dispute highlights ongoing energy cost pressures on South African mining operations and could affect chrome production economics.
South Africa's Supreme Court of Appeal ordered Eskom Holdings to disclose coal, transport and diesel procurement contract details to activist group Afriforum. This court ruling is significant for energy analysts as it could expose pricing structures and supply chain relationships in South Africa's power generation sector.
South Africa's Minerals Council acknowledges Eskom's improved energy availability of 68.5% but raises concerns about tariff methodology and costs. Reliable and affordable electricity is critical for mining operations, particularly energy-intensive rare earth element processing and mineral extraction.
Glencore-Merafe Chrome Venture postponed planned layoffs at ferrochrome smelters until March 31 after Eskom offered a reduced electricity tariff of 62c/kWh. This highlights the critical role of energy costs in mining operations and potential supply chain stability for chromium.
Eskom extended an eleventh-hour 62c/kWh tariff offer to major ferrochrome producers Glencore-Merafe and Samancor. Negotiations on precise terms and conditions still need finalization before the electricity package can be implemented.
DailySand