Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Feedback from attendees at Mining indaba on how the mining industry is perceived |
Listening to an interview with Richard Blunt, partner at Baker Mckenzie London & Wildu du Plessis, partner at Baker Mckenzie Johannesburg:
- Cautious optimism.
- Major uptick from last year where it was all doom and gloom, this year many more clients looking for projects
- Investors want certainty, reluctant to invest in SA without certainty
- Energy transition will drive demand for different battery minerals, we are not certain which of these minerals yet
- People are nervous to make big buck decisions without knowing what minerals are going to make it through.
Well, as BBN has hinted at, if we are able to gleam certainty out of intention from various significantly influential parties (IDC, Ramaphosa, Eskom, Energy Minister...) - percentage play points to 'screaming buy'
Further points:
- Funding for Coal projects becoming very difficult.
- Part of the answer of where we are going is : how clean can our mine and power plants be.
- Certain parts of the world where there aren't viable alternatives to coal are different as you cannot starve a country of development(madagascar)
- It's a race between localised solar and wind and the cost of clean coal
Tyfoon - thanks for the link, most informative article.
I accessed pressreader on mobile and held down over text to copy, this opened a different view where I could copy entire article - then had some glitches in posting though.
Eskom is expected to issue a tender for 800MW of battery storage during 2019, with a number of companies expected to compete in the tender, which is expected to be in the order of $800m. Funds have already been allocated to Eskom’s renewable energy programme.
The use of batteries that can store large amounts of electricity could be used to smooth out the variability of power coming from solar and wind power. The batteries could also be used at substations, storing 10MW of power, to release into the grid at critical times.
Bushveld believes because it has a battery on an Eskom site that is linked into the grid proving to be a safe, reliable and long-life source of stored power, it has to come under serious consideration by Eskom.
Bushveld Minerals will bring its vanadium business and possible participation in a large Eskom electricity storage scheme to the JSE around mid-year. Bushveld, which has a vanadium mine and processing plant near Brits, has a strategy of not only supplying the steel market with vanadium but getting involved in the full value stream in large, industrial-use batteries using the mineral as an effective storage method for electricity.
Bushveld Minerals will bring its vanadium business and possible participation in a large Eskom electricity storage scheme to the JSE around mid-year.
Bushveld, which has a vanadium mine and processing plant near Brits, has a strategy of not only supplying the steel market with vanadium but getting involved in the full value stream in large, industrial-use batteries using the mineral as an effective storage method for electricity.
Bushveld, which is listed in London, will come to the JSE by end-June or early in the third quarter of the year, says CEO Fortune Mojapelo, adding that the listing was not intended to raise capital for the cash-flush company, which is benefiting from high vanadium prices of about $80/kg and strong demand for its product.
“We are a company with a very strong SA content and it’s only right that SA capital has access to it. There are also capital pools here we’d like access to. Our deposits are here, we beneficiate here, export from here and we have our energy story we are developing here. It would be bit of a waste for us not to be here,” he said.
The share price has shot up since its low of 1.35p in late 2016 to about 40p. “Bushveld has just shot the lights out in its latest operating numbers and we are looking forward to having them on the JSE,” said a local banker during a recent trip to the company’s assets.
Bushveld reported revenue of $192m for the 2018 financial year, an increase of 143%, while earnings before interest, tax, depreciation and amortisation, essentially an operating profit number, ballooned by 349% to $107m despite the loss of 38 days of production due to labour unrest and power outages.
With production of 2,560 tons of vanadium for the year at a production cost of nearly $20/kg and a realised price of $81/kg, the business is attracting a lot of interest, with nearly 30 analysts and bankers from SA and the UK visiting the site last week. Bushveld supplies about 3% of global vanadium demand but plans to lift capacity to 5,000 tons a year.
While the use of vanadium to make strong and specialist steel products accounts for about 97% of vanadium consumption, there is a small and growing use of the mineral to make batteries, one of which Bushveld is testing at an Eskom site in Johannesburg.
Eskom is expected to issue a tender for 800MW of battery storage during 2019, with a number of companies expected to compete in the tender, which is expected to be in the order of $800m. Funds have already been allocated to Eskom’s renewable energy programme.
The use of batteries that
the VBS mutual bank heist being linked to the EFF truly damaged them as the very victims of the heist are typically the voters that the EFF relies on
the halving of EFF support shown in recent polls might be directly attributed to this very incident
true 1onic - I guess it is my 'brexit' though and take it all as understood by everyone.
EFF publicly states that their sole mission is to take votes away from ANC to prevent majority vote for them.
I think it is mentioned even in the article you most recently posted.
And if you take a step back - they have formed a party out of the extremists that used to sit in and vote for ANC. There was an actual split in the ANC back then (so that explains your 10% - ANC down 10 EFF up 10 ...now 6% estimated share they would get in 2019)
One of our big hopes is that Ramaphosa will be able to action change without too much opposition from within and this helped a bit.
Not purely dismissing, just giving more meat to this for some who might have no SA politics clue.
There have been far, far darker days in SA politics where the ANC might even have fuelled these extremists for their own purposes but this is a different time.
Malema is under investigation for corruption. Linked to VBS scandal currently under investigation. And other tenders under state capture which he won - he might go away at some time
1onic
willing to accept that. Not ancient, just speaks of an exact point in time where ANC was under fire.
for full picture the monthly poll can be followed and read with articles on three main political parties and cross referenced with major events in SA that shape opinion of the masses.
jogj99
December and Jan polls show EFF slipping and ANC gaining as ANC shows more promise to more educated middle class.
I-H
Ophidian has always been loved by some despised by others for TA.
No not only when it suits, no - some of the posts were distinctly short term bearish in trying times.
- always backed
- not thrown out of nowhere by a poster created yesterday
...always measured and from a poster contributing more in other ways to the conversation over the years than many on research done (backed by articles, rns's etc)
Past performance is no indication of future. Yet TA is perfectly acceptable for parts of the community?, so:
Sept 2017 we peaked over 10p, tracked sideways something gruelling for a good long while and eventually rose sharply on no news. I remember days in the 7’s back then?
Anyhow, my TA take is don’t panic or panic, but be happy with your choice