Data provided by iNet BFA
Loading...
See More

Shut furnaces help Eskom ease shortages

Feb 17 2012 10:11 Reuters

Related Articles

Eskom: Power supply still tight

Xstrata shuts furnaces to aid Eskom

Eskom makes progress on maintenance

Eskom battles with supply, maintenance

Eskom power supply stable, but tight

Merafe/Xstrata JV in talks with Eskom

 
Johannesburg - A joint venture between ferrochrome producer Merafe Resources and London-listed Xstrata will shut five of its furnaces until the end of May to help power utility Eskom manage a tight electricity supply.

The companies said 100 000 tonnes of production would be lost as a result of the agreement, but there would be no impact on supplies to customers in the second quarter.
 
Eskom would buy back the energy that would have been used by the furnaces, they added. The companies said the furnaces will undergo maintenance during the shutdown and there would be no job losses.
 
They said the Rustenburg smelter’s energy efficiency is expected to improve when a new sintering and pelletising plant, currently under construction, becomes operational in the second half of this year.

South Africa has been struggling to meet demand for power as new power plants meant to plug the shortfall have been delayed. Supply will remain vulnerable until the first units of Eskom’s new stations become operational next year.

The national grid nearly collapsed four years ago, forcing mines and smelters to shut for days and costing the economy billions of rands in lost output.
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No more nice-to-have shopping sprees

Fin24 user Asia writes how she managed to rehabilitate herself from splurging on feel-good items and keep clean from the bondage of lifestyle debt.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...