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Eskom: Uncertainty is the issue as mines grind to a halt

10 December 2019 6:53 PM
Tags:
Mining
Gold
#LoadShedding
#Eskom
#EskomLoadShedding

Mines halted operations as Eskom asks for 20% power savings. Uncertainty about when blackouts will happen is a main issue.

South African mines have ground to a halt as Eskom asks for 20% power savings. But apart from the actual power crisis, uncertainty about when load-shedding will be needed, is a main issue.

Henk Langenhoven, Chief Economist at Minerals Council South Africa and Peter Attard Montalto, Head of Capital Markets Research at Intellidex, both agree that unpredictability is a big problem.

Uncertainty of whether it will happen tomorrow is the issue.

Henk Langenhoven, Chief Economist - Minerals Council South Africa

The minute one problem is fixed, another turns up.

Peter Attard Montalto - Intellidex

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This article first appeared on 702 : Eskom: Uncertainty is the issue as mines grind to a halt


10 December 2019 6:53 PM
Tags:
Mining
Gold
#LoadShedding
#Eskom
#EskomLoadShedding

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