Tag Archives: coal
coal: Latest News
Staff, 3:59 pm
Wind and solar power in Africa are short-term solutions that cannot fix serious, immediate problems. African cities need abundant, reliable electricity, and they need it now. Wind and solar do not equal real economic development or really improved living standards. African governments need to stand up to Europeans, global banks and environmentalists who oppose big power plants in Africa. Our leaders need to remember that Europe and the U.S. did not have a World Bank or other outside help when they modernized and industrialized. They did it themselves.
Dana Sanchez, 4:43 pm
The worst is over and commodities prices are climbing, World Bank says. But not everyone is ready to call it a trend. Despite some improvement, gold and platinum remain flat. The bouyant, even euphoric mood at this year’s Mining Indaba contrasts with recent years — 2016 was gloomy. Towards the end of the year, commodity prices rebounded. Investors want a stable political environment, regulatory certainty and labor stability. “In 2017, we are looking at expansion, local and international. Mergers and acquisitions are also starting to take place. There is consolidation,” a stakeholder said.
Staff, 6:29 pm
The Trump campaign made no mention of Power Africa in any campaign materials. The sole data point seems to be a 3-year-old tweet complaining that money going to Africa will be stolen, but one tweet from before the campaign doesn’t tell us much about future policy. Power Africa boosts American jobs by creating opportunities for U.S. companies. The Obama administration did bar public support for coal plants, which will likely be reversed by the new White House.
Staff, 12:01 am
The cost of wind and solar energy has fallen so dramatically that wind and solar plants can now be built in South Africa at nearly half the cost of new coal, according to the country’s main research organisation. A request for proposals for 9.6GW of nuclear power has been put off indefinitely. South Africa’s most recent competitive tender in November 2015 for large-scale solar was one sixth the cost of its first tender in 2011. The cost of wind energy has also fallen by 60 percent.
Keren Mikva, 1:52 pm
When it comes to the stuff bling is made of, Africa is enormously bountiful. Its mineral deposits make it one of the richest natural resource-laden places on Earth and everyone wants some. The following are the most mineral-rich African countries.
Keren Mikva, 4:50 pm
It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.
Kurt Davis Jr., 12:35 pm AFKI Original
Competing consumer and developer interests are finding middle ground in some African countries and striking out in others. Low energy prices are the most desirable political outcome, but investment slows or is avoided altogether below a certain price threshold. Short term, coal will remain a vital part of African power generation. But the potential for investing in Africa’s renewable energy market shouldn’t be ignored.
Dana Sanchez, 8:41 am
Eskom says renewable energy has failed to deliver what it promised. The South African power utility has managed to avert load shedding for the last nine months. That’s mainly due to decreased demand, RDM reports. Some of the country’s power-guzzling smelters have been shut down. ArcelorMittal steel plants are operating at less than 80 percent capacity. Greenpeace condemns what is says is Eskom’s anti-renewable energy stance.
Staff, 5:53 am
South Africa has made domestic and international commitments to climate change mitigation. But the country continues to depend on coal-fired power plants, which provide 92% of its electricity. A key challenge for the country in dealing with electricity shortages is that the bulk of power comes from coal, which is harmful for the environment and local communities. The electricity sector is responsible for almost half of South Africa’s carbon emissions.
Peter Pedroncelli, 4:40 am AFKI Original
South Africa is one of the most mineral- and resource-rich countries in the world, and mining commodities are 60 percent of the country’s exports. The depreciation in commodity prices over the past few years has been a major blow to the South African economy, with the demand for many of the mineral resources waning internationally. Eight of South Africa’s 10 largest individual export categories are characterized as commodities.
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