Member Info for substp

Eskom calls for urgent ‘guidance’ on its role in energy plan By: Terence Creamer 22nd May 2012 Updated 28 minutes ago "The head of State-owned power utility Eskom has called for urgent “guidance” from Energy Minister Dipuo Peters on the implementation of South Africa’s Integrated Resource Plan (IRP) for electricity, including the role that Eskom will play in the execution of the plan, which runs from 2010 to 2030." "The State-owned utility said greater certainty was required if South Africa was to avoid the “mistake” of the recent past, when it began adding new capacity “too late” to meet growing demand" "“[But] it is the big base-load decisions that need to be made early,” Dames warned, noting that it took up to ten years to implement some base-load projects, such as nuclear energy projects." "Eskom’s Kusile coal-fired power station project, Dames said, would be completed by around 2019. But future project implementation certainty was required soon “if the next power station needs to operational by 2020”." "What is very important is that the decisions to implement this plan [the IRP] be made very soon, as the electricity industry is a long-term industry [and] you don’t just dream up power stations, or investments in power stations. It takes, sometimes, ten years to build new base-load power stations" "The future mix would still embrace coal, but would have far more renewables and nuclear, with the addition of natural gas, or shale gas, as a possible “game changer”." "Eskom, which had a mandate to supply 70% of future generation, had the “full intention” of remaining a “dominant” electricity supply industry participant and would expand its role in the African electricity supply sector. But to play such a role, decisions around the selection of base-load projects and the allocation of those projects to developers was required." http://www.engineeringnews.co.za/article/eskom-calls-for-urgent-guidance-on-its-role-in-energy-plan-2012-05-22

Edinburgh 30th May - Proactive Evening For those interested, David Nel will be at the Proactive evening in Edinburgh and will be presenting. We may have a joint presentation including both David and Jeremy. For those willing to travel and those local, it is a good chance for you to meet David if you haven't done so before. Moreso than ever, certainly in my investment time (2 years plus) there is far more going on and far more opportunity for upward movement on the share price, so it will be a good time to be able to ask any pertinent questions

visitors from SA......I don't know about this years results but last years was on 1/6/11........And yes the SPAngel report is suppose to follow the results.......GLA

I feel that I need to share this with all. I received this from a person within the company a little while ago..... "The issue seems to have stemmed from our RNS announcement that we have pre-sold a cargo of anthracite. That is true, but we have NOT be pre-paid and are not being pre-paid. The quote by Shares Magazine "The company tells Shares a drop in thermal coal prices to $96 per tonne is temporarily reducing the economic viability of selling coal. It will wait until coal returns to above $100 per tonne before starting shipments to India” is unfortunately misinformation and we would certainly not do business that way." We will soon have visitors next month...... :-)

http://www.tax-news.com/news/SA_Will_Not_Impose_AustralianStyle_Mining_Tax____55426.html

Thanks Papipips Papipips 18 May'12 - 19:02 - 6963 of 6964 Small piece on SNRP in Shares magazine, which has just come through my letterbox for some inexplicable reason. It says: "PATIENCE WILL PAY OFF AT STRATEGIC" and gives it a buy recommendation. Time to top up on coal miner as fundamentals remain attractive" It explains away the recent drop as investors disappointment at delay to commencing coal sales. Then goes on to say: "The company tells Shares a drop in thermal coal prices to $96 per tonne is temporarily reducing the economic viability of selling coal. It will wait until coal returns to above $100 per tonne before starting shipments to India. "New power generation projects in China and India will add 300m tonnes of new coal demand in2012, equal to 35% of the entire seaborne market in a single year, notes Liberum Capital. Strategic's self-imposed sales moratorium may therefore be short-lived. "Strategic is stockpiling coal in SA while it works on potential sales agreements for higher-value anthracite. One deal has already been struck with a company in Brazil for delivery in Dec.

Steve243 9 May'12 - 22:29 - 6799 of 6801 Not sure if you guys saw the link js posted in the other thread but interesting interview with Jeremy Metcafe, previous CEO - http://www.brrmedia.co.uk/event/97966/jeremy-metcalfe-communications-director

"The board of SNR anticipate further pre sale deals in the medium term, with the focus on Brazil and India"

Trasteel to buy big stake in Levett's Levmet LONDON, May 8 (Reuters) "Lugano-based steel trader Trasteel is buying a large stake in Levmet, the steel trading firm set up last year in Monaco by Ashley Levett, Trasteel Chairman Massimo Bolfo said." "We trade physical iron ore from Honduras and Mexico and coal from South Africa. In these markets, hedging is becoming a necessity," he added. http://www.sharenet.co.za/news/Trasteel_to_buy_big_stake_in_Levetts_Levmet/fa1295d1688f339283fe4842fa83e914

This is very important to understand as it has to do with the extra time needed. I had asked the question about the breakdown of the coal and where it would go. This all makes sense now...... "It’s all market dependent. For instance; the product for an IPP will be an unwashed 0x50mm coal sold on a per gj heat value price. We have a high value semi metallurgical market for which we will wash to a +- 15% ash but to achieve this our yield will likely be only 25%. The trick is then to rewash the discard from that product and supply the export power station market against an IP14 price. Cherry on the top will be that we will blend our washing discards with the unwashed 0x50mm IPP coal as long as we achieve a CV of 12mj/kg."

????Companhia Siderúrgica Suape ???? http://tinyurl.com/cwb72dp

Does anyone remember me mentioning this a long time ago? I wonder? http://tinyurl.com/cevgwuv excuse the Babelfish translation

http://www.thepresidency.gov.za/pebble.asp?relid=1689

CLEAN COAL TECHNOLGY!!!! South Africa approves CO2 capture plan 7 May 2012 "Carbon capture and storage can reduce CO2 emissions by 80 to 90 percent ... particularly CO2 from sources such as electricity generation plants, coal-to-liquid plants and cement manufacturing plants," he said. Carbon capture and storage involves capturing CO2 from a point source, such as a power station or coal-to-fuel plant; transporting it, usually by pipeline; and pumping it down a borehole into porous rock formations deep underground, where it is contained and stored." http://www.southafrica.info/news/business/1968687.htm TECHNICAL REPORT ON THE GEOLOGICAL STORAGE OF CARBON DIOXIDE IN SOUTH AFRICA http://tinyurl.com/chfggpy From the Evo report "The Molteno formation is an uninterrupted sequence of sandstones and shales with subordinate coal, conglomerate, siltstone and mudstone. The formation reaches a maximum thickness of about 650m in the south of the area, near to Indwe, and thins out towards the north. Six coal seams are known to be relatively persistent across the area although these are split into three main seams of interest: Molteno, Guba and Indwe from youngest to oldest."

On the contrary , this is why Trasteel is buying into assets like ours to improve their margins......GL

http://www.sharenet.co.za/news/Trasteel_to_buy_assets_as_position_trading_shrinks/b667fb4df04bb20c704a60fc438984a7

Mustn't forget Peta Ann .......:-)

Barry Nel I'm gobsmacked! My hat comes off to you! A must read! "The SA Government is now recognising the need for a power station to be built at the coal mine but instead of the 250 MW that Barry originally envisioned, negotiations are around a 1 200MW power station that could be commissioned before 2018. Elitheni has also established orphanages and other social responsibility projects in the mine area. These projects meet government social and labour plan requirements. “In meeting these requirements we are able to embrace God’s plan for his people,” said Barry." http://gatewaynews.co.za/2012/05/01/gods-miraculous-coal-project-bringing-hope-to-poor/

For those that don't remember , Mr. Gigaba is the Minister of The Department of Public Enterprises which controls Eskom and Transnet: http://www.dpe.gov.za/state

Assurances provided to Mercedes over coal exports from EL 26-04-2012 - Public Enterprises Minister Malusi Gigaba says he has provided Mercedes Benz with assurances with regard to the export of coal from the East London Harbour.’ Delivering the keynote address at the Amathole Investment Conference this morning, the Minister said he had given an assurance to Mercedes that “we will do everything to protect that business” which was important for East London, the Eastern Cape and the country. Elitheni are intending to export coal through East London, although the initial exports will be in skiptainers that will be loaded before being taken to the port. Gigaba said in driving economic growth his department would support both the automotive industry in East London and Elitheni. The Minister said South Africa had taken the decision to invest in infrastructure, adding that at times it would be necessary to provide additional incentives and even to “suffer losses” on infrastructure until economies of scale made it viable. “We are willing to incur the economic loss.” http://www.getnews.co.za/story?id=1581