There are three issues that keep Minerals Council SA CEO Roger Baxter awake at night: "the disaster that we call Eskom"; the continuous-consequences and local-content provisions in the mining charter; and the carbon tax, which comes into play on June 1. The most pressing issue for the mining industry, which, together with the mineral smelting and refining industries, absorbs 30% of Eskom’s output, is the lack of certainty over electricity supply and future pricing. "It is extremely difficult to make long-term investment decisions in a mine or smelter when you have no visibility on electricity pricing over the next five to 10 years, and no idea what government will do to allow private competition from other sources, including renewables," says Baxter. PODCAST: The growing power of class action lawsuits Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Cast | Player.fm "If you want to develop new mines or deep-level mining you need guarantees of supply and pricing. We need much g...

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.