market intelligence
Transnet’s plan to attract rail investment misses the mark Transnet’s draft ‘Network Statement’, which is intended to ready the logistics provider for private investment, has received a lukewarm reception from the transport sector. Off-the-record discussions are more frosty, in part because Transnet appears intent on retaining its monopolistic control of rail and setting tariffs that could lump miners with a 65% increase in rail transport costs, according to some estimates… Read more
Canyon Coal to develop new R1.4 billion mine in Mpumalanga Canyon Coal is constructing a new coal mine in Hendrina, Mpumalanga. Production is expected to start in the second half of 2023, with the first phase of the Gugulethu project on track to be completed in eight to ten months and expected to produce 1.2 million tons a year. Formerly known as De Wittekrans, Gugulethu is a greenfield project located south- east of Hendrina that Canyon bought out of business rescue. Phase 1 of the project holds an economically mineable reserve of 14.3 million tons of run-of-mine (RoM) coal. It comprises three pits, one of which has been specifically designed to gain access to the underground reserve as part of Phase 2… Read more
Improved infrastructure can help SA escape low growth Infrastructure challenges in South Africa are mounting in what is turning out to be a perfect storm of power cuts, water shortages and potholes that are all too common. The South African Institution of Civil Engineering (SAICE) highlighted these challenges in its 2022 State of Infrastructure report that revealed that South Africa is at risk of becoming a “failed state”. The report assessed 32 different infrastructure segments and found only 15 to be “satisfactory” or above (graded C or above), with the remaining segments falling into being at risk of failing’ (D) or ‘unfit for purpose’ (E). South Africa’s overall infrastructure rating was a D, indicating that infrastructure is not coping with normal demand and is poorly maintained… Read more
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Issue 1 – 2024
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