HomeTop StoriesHike in electricity tariffs to impact severely on mining operations

Hike in electricity tariffs to impact severely on mining operations

The recent hike in electricity tariffs will reportedly cost the South African mining industry an additional R2bn. This will add to the burden of mining companies, which are already affected by rising costs and decreasing commodity prices. One of the ways to address this crisis would be for Eskom to develop a detailed funding model for its capital projects to break down what the funding costs are.

Mine-Tech International Conference and Expo will be addressing this issue during an early-morning smart session titled: Power and productivity: Maximising mining productivity during power shortages. This session will examine power usage for core activities, electricity demand management, and supply shortage and mitigatory considerations, among other points.

Taking place at Gallagher Estate from 2-4 November, Mine-Tech International will bring together suppliers to the industry, majors AND juniors worldwide to explore technology innovations and ensure they are strategically positioned to take advantage of the predicted upswing in the global demand for resources. Delegates will find out more about cutting operating costs, improving safety, increasing production rates and optimising yield. Mine-Tech International will provide solutions for every component of the value chain, and assist delegates in drawing up a strategic roadmap to optimise exploration and prospecting, planning, construction, production, processing and transport.

Go to Mine-Tech 2009 to find out more about registration, exhibition and sponsorship opportunities.