According to Mining News Pro - The debt-laden company is asking a High Court to review a price increase awarded by the National Energy Regulator of South Africa which Eskom says doesn’t consider the cost of generating electricity, the website says. The utility will argue that delays in processing so-called regulatory clearing accounts during the past three tariff applications played a role in worsening its liquidity position.Eskom was granted an electricity price increase of 9.4% in April, less than the 17% it has requested. The utility will raise tariffs by 8.1% next year and 5.2% the one after.
Mining News Pro - The evaluation of the 28 bids received under South Africa’s Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) is ...
Mining News Pro - Simandou in Guinea is home to the world’s richest untapped deposits of iron ore but legal wrangling, alleged corruption and the difficulty of ...
Mining News Pro - Precious metals miner Pan African Resources CEO Cobus Loots says the company delivered a “commendable operational and safety performance, amid the ...
Mining News Pro - Diversified miner South32 has set a number of production records in the first half of 2021, following a solid December quarter.
Mining News Pro - BHP, the world’s largest miner, has slashed the value of its Mt Arthur thermal coal mine in Australia by about $1.25 billion as it seeks to sell ...
Mining News Pro - Bravus Mining and Resources (formerly Adani) has awarded DRA Global with a $140 million coal preparation contract for the Carmichael coal mine and ...
Mining News Pro - Coronado Global Resources is hopeful that China’s suspension of Australian coal imports may have a positive long-term effect, with the impact to be ...
Mining News Pro - South32 has stepped away from the Eagle Downs metallurgical coal project in Queensland after deciding it’s not financially viable.
Mining News Pro - South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of ...