Natural resources giant Glencore has signed a deal with a Swedish clean-tech company to build a power-generation facility that will reduce emissions and cut power costs at its Lydenburg ferrochrome smelter.

The rising cost of power is a key concern of the SA smelting industry, which is taking significant strain over escalating electricity prices. With an effective tariff  hike of 13.81% granted to Eskom in 2019 alone — and more scheduled in the next two years — the pressure is on for energy-intensive businesses to adapt or die.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now