https://newsletter.mw.creamermedia.com
Energy|Gold|Platinum|Power|Operations
Energy|Gold|Platinum|Power|Operations
energy|gold|platinum|power|operations

TERRIBLE TARIFFS:

12th April 2019

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

The electricity tariff increases approved by the National Energy Regulator of South Africa on March 7 have put 90 000 gold and platinum jobs at risk. On April 1, State-owned power utility Eskom was allowed to increase its tariffs by an effective 13.8%. Although the ‘front-loaded’ nature of the tariff increases will hurt all mines and smelting operations, deep gold and platinum mines are particularly hard hit. Electricity makes up 25% of the cash production costs of gold mines and 17% of the cash production costs of platinum mines. Minerals Council South Africa chief economist Henk Langenhoven has calculated that total industry production costs will rise by 29% over the three-year period, which comes on top of ongoing high tariff increases in the last number of years.

Comments

 

Showroom

Tractor & Grader Supplies
Tractor & Grader Supplies

Tractor & Grader Supplies (TGS™): Your Trusted, Genuine Source for New Replacement Parts for Earthmoving, Construction and Mining Machinery

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
8th May 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.105 0.178s - 126pq - 2rq
Subscribe Now