Page 48 - Mining Weekly News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Power utility Eskom should link its delayed Tubatse pumped storage scheme to the need for Hillside Aluminium to go green. This could be done, a close observer of the intensive electricity user sector of the South African economy contends, through Eskom doing an independent power producer (IPP) or public private partnership (PPP) transaction with Hillside aluminium, a critically important commercial partner to Eskom and its closest operational customer.

The acquisition of Merlin Diamond Mine by Lucapa Diamonds is expected to be the biggest commercial diamond mining operation in Australia with a targeted yield of 153,000 carats per year when it begins full-scale production in 2024.

Without an agreement on finance, debts and skilled labour, Eskom could break down beyond the point of no return, The state of the national electricity grid is reaching breaking point, that is the risk of a total power shut down caused by a systemic failure of generating capacity. Energy experts warn that urgent action is required to prevent such a shut down which could paralyse some of the biggest companies for several weeks. Unlike west Africa, most companies in South Africa haven't installed back-up electricity generators.

Read the latest Mpumalanga headlines - updated 24/7/365. We link to the best sources from around the world. Get the latest on Mpumalanga and Mbombela ...

This comes just three days after one worker lost his life and four of his colleagues sustained injuries, whilst two of the four were left critical after a rockfall at the mine at Theunissen outside...