Palabora Mining Company

Size: px
Start display at page:

Download "Palabora Mining Company"

Transcription

1 Palabora Mining Company The effect of power tariff increases A presentation by Nick Fouche General Manger Growth (Investment projects) 29 January 2013

2 Palabora Mining Company Company overview Palabora Mining Company in the Town of Phalaborwa with copper and magnetite operations Employs approximately 4000 employees and contractors Contributes significantly to local and regional GDP. Existing mine life ends in 2015 due to ore body (Lift I) depletion A pre-feasibility study, for a second level of mining (Lift II), has been undertaken to extend the life of mine to 2030

3 The effect of 16% tariff increases on Palabora The extension of the mine is affected The rise in electricity prices has a significant impact on future expansion and operations of PMC, who is exposed and dependant on global market prices. The Net Present Value, to extend mining operations, is reduced by 30% due to real increases (based on 16% average) arising from the 5 year tariff announcement. The business case for future investment, and extension of the mine, is thus severely impacted by the proposed increases. If these tariff increases are approved then future expansion at PMC becomes potentially unattractive for investors.

4 Is it 16% or 21% for Industrial? Eskom Percent Price Increase Exert from Eskom MYPD3 Unpacking our MYPD application to Nersa Part 2 Eskom MYPD Part 2 brochure Profit through energy transformation ensight-consulting.co.za 4

5 The rising cost of power at PMC Energy cost has more than doubled 9.00 Cost of power at PMC 10.0% % % US cents/kwh % 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% % of operating costs % Average power tariff (at 16%) Energy (%) operating costs

6 Escalating energy costs is prevailing Energy is becoming the single biggest expense after labour Electricity Cost Escalation - Eskom PMC Energy Cost of Copper Production USD cents per kwh Electricity CPI USD cents/pound Profit through energy transformation ensight-consulting.co.za 6

7 Comparison Electricity Price (2013) Current South African electricity prices ranks with the highest in the world Electricity Price (US cents per kwh) USD Cents/kWh Eskom Megaflex South Africa United States Australia Canada Profit through energy transformation ensight-consulting.co.za Canadian Electricity Price source United States Energy Information Agency Based on ZAR_US$ at R9/USD Cost of power at 7.8 exchange then price is 7.05 US cents per kwh 7

8 ..but the impact with the 16% increases South Africa will become the highest energy cost in resource based industrialized economies USD Cents/kWh US, Canadian and Australian Industrial Electricity Price USD Cents/kWh Projected South African Eskom Magaflex Electricity Price Increase Global benchmark 4.00 Profit through energy transformation ensight-consulting.co.za Eskom Price Rise USD Cents/kWh 8

9 Palabora is trying hard to manage energy efficiency PMC has embarked on a comprehensive energy saving programs with Ensight covering every aspect of the operations. At least 60 energy saving projects have been implemented and 18 have already approved by Eskom in Q The proposed tariff increases however far outweigh any energy saving benefits The efficiency improvements are based on engineering initiatives within the operating and processing environments 9

10 Examples of energy saving projects Meeting real needs at least cost Apply whole-system design Reveal every opportunity Operate converter blowers to meet the needs of the converters and the acid plant by training power station and converter plant operators. 44% energy saving R7.8m / annum energy savings Demand management of the underground electrical chillers in Eskom peak season, incorporated into SCADA Average electrical load of during Eskom peak season 2.2MW R1.44m / annum Replace SO2 blower guide vanes with variable-speed-drive and induction motor 70% energy saving R6m / annum energy savings Profit through energy transformation ensight-consulting.co.za 10

11 Electricity prices rises beyond inflation are not sustainable The copper prices are projected to fall based on consensus pricing models Declining Cu prices Power tariff (US cents/kwh) Cu price (US$/lb) Average power tariff (at 16%) Copper price (consensus)

12 Sustaining the future How does the increase in electricity prices impact on the Lift II investment A Mega Project is required for a second lift expansion with a modest business case. Given the rates proposed (16% for 5 years) the project is not a robust economic proposition At the industrial rate (of 21%) the project becomes unfavorable. If an inflationary tariff increase is approved, the Lift II investment value is increased by approximately 50%, moving into a category where the economic sensitivities have lower impact. Does NERSA take into account, the impact of resource sector viability and development, when approving electricity price rises above inflation?

13 What is required? Proposed actions and way forward PMC offers to work with NERSA to model impact of price rises on operations and the socio-economic effect of such rises. NERSA takes in account the significance of the price increases to the cost base of industrial operations NERSA should consider, limiting tariff increases to globally exposed industries such as, copper mining which is dependent on globally set market prices. NERSA ensure that Eskom industrial prices are globally competitive. An inflation based increase is required to ensure a market competiveness and the economic viability of future investment in Palabora mine extension (Lift II).

NEREN RAU SACCI CEO JANUARY

NEREN RAU SACCI CEO JANUARY MYPD 3 Presentation NEREN RAU SACCI CEO JANUARY 2013 Presentation Overview SACCI Eskom Consultations in 2012 SACCI Proposals SACCI Member Perspectives Economic Impact of Tariff Increase at 16% and 10%

More information

MUNICIPAL TARIFF DETERMINATION PROCESS PRESENTATION TO PPC ON ENERGY 24 MAY 2013

MUNICIPAL TARIFF DETERMINATION PROCESS PRESENTATION TO PPC ON ENERGY 24 MAY 2013 MUNICIPAL TARIFF DETERMINATION PROCESS PRESENTATION TO PPC ON ENERGY 24 MAY 2013 1 1. Purpose and mandate 2. The tariff approval process and information requirements 3. Municipal Tariff Guideline and financial

More information

Nelson Mandela Bay Business Chamber NERSA Consultation MYPD3. Presenters: A. Clark / B. van Vuuren 5 February 2013

Nelson Mandela Bay Business Chamber NERSA Consultation MYPD3. Presenters: A. Clark / B. van Vuuren 5 February 2013 Nelson Mandela Bay Business Chamber NERSA Consultation MYPD3 Presenters: A. Clark / B. van Vuuren 5 February 2013 Contents Introduction Overview Nelson Mandela Bay Business Concerns Cost Implications,

More information

DBSA RENEWABLE ENERGY FINANCING

DBSA RENEWABLE ENERGY FINANCING DBSA RENEWABLE ENERGY FINANCING Development Bank of Southern Africa Presented by Madalo Minofu Project Preparation Specialist: DBSA Project Preparation Funds Division 2 June 2014 1 DBSA s Product Offering

More information

Energy Efficiency Financing Policy: South Africa s Standard Offer Scheme. Country Energy Policies. 7 December 2011

Energy Efficiency Financing Policy: South Africa s Standard Offer Scheme. Country Energy Policies. 7 December 2011 Energy Efficiency Financing Policy: South Africa s Standard Offer Scheme Country Energy Policies 7 December 2011 Research has been undertaken into the market potential for energy savings per technology

More information

2014 Residential Electricity Price Trends

2014 Residential Electricity Price Trends FINAL REPORT 2014 Residential Electricity Price Trends To COAG Energy Council 5 December 2014 Reference: EPR0040 2014 Residential Price Trends Inquiries Australian Energy Market Commission PO Box A2449

More information

COMPARISON OF PROPOSED TARIFFS

COMPARISON OF PROPOSED TARIFFS COMPAISON OF POPOSED TAIFFS WITH EFFECT FOM 1 JULY 2012 SCHEDULE 1 ELECTICITY 1. Domestic residential indigent consumers These tariffs are applicable to all residential indigent consumers with an ampere

More information

AFRICAN UTILITY WEEK March 2011 Challenges with electricity supply: The role of the City of Cape Town

AFRICAN UTILITY WEEK March 2011 Challenges with electricity supply: The role of the City of Cape Town AFRICAN UTILITY WEEK March 2011 Challenges with electricity supply: The role of the City of Cape Town Alderman Clive Justus, Executive Mayoral Committee Member: Utility Services, City of Cape Town Content

More information

REVISED CONSUMPTIVE TARIFFS, RATES AND BASIC CHARGES FOR ELECTRICITY SERVICES, WATER AND SANITATION SERVICES AND SOLID WASTE MANAGEMENT SERVICES

REVISED CONSUMPTIVE TARIFFS, RATES AND BASIC CHARGES FOR ELECTRICITY SERVICES, WATER AND SANITATION SERVICES AND SOLID WASTE MANAGEMENT SERVICES ANNEXURE 4 REVISED CONSUMPTIVE TARIFFS, RATES AND BASIC CHARGES FOR ELECTRICITY SERVICES, WATER AND SANITATION SERVICES AND SOLID WASTE MANAGEMENT SERVICES 1. ELECTRICITY 1.1 General The proposed revisions

More information

Botswana Power Development! March 2015!

Botswana Power Development! March 2015! Botswana Power Development! March 2015! Power development business overview! Strong regional power demand underpinning business strategy " Independent power producers (IPPʼs) required to build new capacity"

More information

WITH-PROFIT ANNUITIES

WITH-PROFIT ANNUITIES WITH-PROFIT ANNUITIES BONUS DECLARATION 2014 Contents 1. INTRODUCTION 3 2. SUMMARY OF BONUS DECLARATION 3 3. ECONOMIC OVERVIEW 5 4. WITH-PROFIT ANNUITY OVERVIEW 7 5. INVESTMENTS 9 6. EXPECTED LONG-TERM

More information

AURORA-RIETVLEI SOLAR POWER (PTY) LTD.

AURORA-RIETVLEI SOLAR POWER (PTY) LTD. AURORA-RIETVLEI SOLAR POWER (PTY) LTD. NERSA Public Hearing on the Application for a Generation License for Renewable Energy Power Plants 13 AUGUST 2012 Contents 1. Background and Project Company Structure

More information

Energy Price Fact Sheet

Energy Price Fact Sheet Tariff 20 - ERG69764RS Small Business Electricity Ergon Single rate Regulated offer 01-Jul-2015 Tariff 20 Business General Supply 1st July to 30th June All consumption. Anytime All consumption 22.481 cents

More information

COTTON AUSTRALIA LIMITED

COTTON AUSTRALIA LIMITED Ms Sophie Dunstone Committee Secretary Select Committee on Electricity Prices GPO Box 854 CANBERRA ACT 2601 September 14 2012 Dear Ms Dunstone Re: Select Committee on Electricity Prices Thank you for the

More information

percentage points to the overall CPI outcome. Goods price inflation increased to 4,6

percentage points to the overall CPI outcome. Goods price inflation increased to 4,6 South African Reserve Bank Press Statement Embargo on Delivery 28 January 2016 Statement of the Monetary Policy Committee Issued by Lesetja Kganyago, Governor of the South African Reserve Bank Since the

More information

COMMENTS ON ESKOM REVENUE APPLICATION MULTI-YEAR PRICE DETERMINATION 3 PRESENTED BY MR. DENNIS GOLDMAN

COMMENTS ON ESKOM REVENUE APPLICATION MULTI-YEAR PRICE DETERMINATION 3 PRESENTED BY MR. DENNIS GOLDMAN COMMENTS ON ESKOM REVENUE APPLICATION MULTI-YEAR PRICE DETERMINATION 3 PRESENTED BY MR. DENNIS GOLDMAN CONTACT SAPOA: TEL: 011 883 0679 WEB: www.sapoa.org.za AGENDA 1. Who is SAPOA 2. Tariff structures

More information

Measuring GDP and Economic Growth

Measuring GDP and Economic Growth 20 Measuring GDP and Economic Growth After studying this chapter you will be able to Define GDP and explain why GDP equals aggregate expenditure and aggregate income Explain how Statistics Canada measures

More information

Australian Remote Renewables: Opportunities for Investment

Australian Remote Renewables: Opportunities for Investment Australian Remote Renewables: Opportunities for Investment The largely untapped remote clean energy market and funding support available from the Australian Government creates an attractive opportunity

More information

The global economy Banco de Portugal Lisbon, 24 September 2013 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist

The global economy Banco de Portugal Lisbon, 24 September 2013 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist The global economy Banco de Portugal Lisbon, 24 September 213 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist Summary of presentation Global economy slowly exiting recession but

More information

Ex-ante Evaluation - 1 -

Ex-ante Evaluation - 1 - Ex-ante Evaluation 1. Name of the Project Country: The Independent State of Samoa Project: Power Sector Expansion Project (Loan Agreement: December 10, 2007; Loan Amount: 4,598 million yen; Borrower: The

More information

PALADIN ENERGY LTD ACN 061 681 098

PALADIN ENERGY LTD ACN 061 681 098 PALADIN ENERGY LTD ACN 061 681 098 7 February 2014 ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000 By Electronic Lodgement Dear Sir/Madam Suspension of Production

More information

Yukon Economic Overview and Outlook. Derrick Hynes, Business & Economic Research

Yukon Economic Overview and Outlook. Derrick Hynes, Business & Economic Research Yukon Economic Overview and Outlook Derrick Hynes, Business & Economic Research February 2015 Presentation Overview > About Forecasting > Economic Overview > Key Indicators > Sector Perspective About Forecasting

More information

Fifty years of Australia s trade

Fifty years of Australia s trade Fifty years of Australia s trade Introduction This edition of Australia s Composition of Trade marks the publication s 50th anniversary. In recognition of this milestone, this article analyses changes

More information

Compiled by:- C. DE VRIES CA(SA), B.Com Hons. W. GABRYK M.IT., B.Sc. Hons., B.Sc.

Compiled by:- C. DE VRIES CA(SA), B.Com Hons. W. GABRYK M.IT., B.Sc. Hons., B.Sc. Research on the Relationship between Capital Expenditure and Refined Platinum Production in the South African Platinum Mining Industry Commissioned by the World Platinum Investment Council Compiled by:-

More information

Investment Brief for the Electricity Sector in Ghana

Investment Brief for the Electricity Sector in Ghana Investment Brief for the Electricity Sector in Ghana Overview Ghana s economy growth decelerated sharply to an estimated 4.2% in 2014, down from 7.4 % in 2013. Manufacturing and oil production from the

More information

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015 WESCOAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share code: WSL ISIN: ZAE000069639 ( Wescoal or "the Company") UNAUDITED CONDENSED CONSOLIDATED

More information

Department of Energy South Africa

Department of Energy South Africa Department of Energy South Africa Policy to support the Energy Efficiency and Demand Side Management Program for the Electricity Sector through the Standard Offer Incentive Scheme 20 May 2010 1 TABLE OF

More information

COMPARISON OF ELECTRICITY GENERATION COST OF NPP WITH ALTERNATES IN PAKISTAN

COMPARISON OF ELECTRICITY GENERATION COST OF NPP WITH ALTERNATES IN PAKISTAN COMPARISON OF ELECTRICITY GENERATION COST OF NPP WITH ALTERNATES IN PAKISTAN IAEA INPRO dialogue forum 8 toward nuclear energy system sustainability: economics, resource availability and institutional

More information

Payback period 2.4 years (7% improvement from 2.6 years stated in the MPFS);

Payback period 2.4 years (7% improvement from 2.6 years stated in the MPFS); Kibo Mining Plc (Incorporated in Ireland) (Registration Number: 451931) (External registration number: 2011/007371/10) Share code on the JSE Limited: KBO Share code on the AIM: KIBO ISIN:IE00B97C0C31 (

More information

Project LINK Meeting New York, 20-22 October 2010. Country Report: Australia

Project LINK Meeting New York, 20-22 October 2010. Country Report: Australia Project LINK Meeting New York, - October 1 Country Report: Australia Prepared by Peter Brain: National Institute of Economic and Industry Research, and Duncan Ironmonger: Department of Economics, University

More information

COMPARISON OF PROPOSED TARIFFS

COMPARISON OF PROPOSED TARIFFS 5. ELECTICITY COMPAISON OF POPOSED TAIFFS WITH EFFECT FOM 1 JULY 2016 all tariffs are VAT exclusive SCHEDULE 1 5.1 Domestic residential indigent consumers These tariffs are applicable to all residential

More information

COMPARISON OF PROPOSED TARIFFS

COMPARISON OF PROPOSED TARIFFS COMPAISON OF POPOSED TAIFFS WITH EFFECT FOM 1 JULY 2013 all tariffs are VAT exclusive SCHEDULE 1 ELECTICITY PESENT POPOSED 1. Domestic residential indigent consumers These tariffs are applicable to all

More information

Page 1/.. USA / Canada - South Africa Schedule No. 4 / 2011-Jan-24

Page 1/.. USA / Canada - South Africa Schedule No. 4 / 2011-Jan-24 USA / Canada South Africa Schedule No. 4 / 2011Jan24 Page 1/.. USA / Canada South Africa Schedule No. 4 / 2011Jan24 Page 2/.. USA / Canada South Africa Schedule No. 4 / 2011Jan24 Page 3/.. USA / Canada

More information

Factors affecting the inbound tourism sector. - the impact and implications of the Australian dollar

Factors affecting the inbound tourism sector. - the impact and implications of the Australian dollar Factors affecting the inbound tourism sector - the impact and implications of the Australian dollar 1 Factors affecting the inbound tourism sector - the impact and implications of the Australian dollar

More information

STATEMENT 7: DEBT MANAGEMENT

STATEMENT 7: DEBT MANAGEMENT STATEMENT 7: DEBT MANAGEMENT This statement discusses debt management, including maintaining the Commonwealth Government Securities (CGS) market and the proposed investment of financial assets in the Future

More information

Interim results for the six months ended 31 December 2009

Interim results for the six months ended 31 December 2009 Interim results for the six months ended 31 December 29 ARM s financial position continues to be robust with net debt to equity of 8.4%. We are pleased about the significant increase in headline earnings

More information

ELECTRICITY DEMAND DARWIN ( 1990-1994 )

ELECTRICITY DEMAND DARWIN ( 1990-1994 ) ELECTRICITY DEMAND IN DARWIN ( 1990-1994 ) A dissertation submitted to the Graduate School of Business Northern Territory University by THANHTANG In partial fulfilment of the requirements for the Graduate

More information

Infrastructure Development Funding and Financing

Infrastructure Development Funding and Financing Infrastructure Development Funding and Financing 09 December 2013 2 Presentation outline 1. Role of infrastructure development 2. Public sector infrastructure investment 3. Funding options i. Recent airport

More information

Can Chilean Copper Maintain Its World Market Share?

Can Chilean Copper Maintain Its World Market Share? Can Chilean Copper Maintain Its World Market Share? Diego Hernández President Base Metals-BHP Billiton CRU 4th. World Copper Conference Chilean and World Mine Copper Production 1985 Others 84% Chile 16%

More information

African firms identify two major obstacles to business: finance and electricity

African firms identify two major obstacles to business: finance and electricity FINANCING C&I SOLAR INTRODUCTION African firms identify two major obstacles to business: finance and electricity Biggest obstacle to business identified by firms in Sub-Saharan Africa Electricity Access

More information

The Performance of Australian Industrial Projects

The Performance of Australian Industrial Projects The Performance of Australian Industrial Projects Prepared for the Business Council of Australia by Rob Young, Independent Project Analysis, Inc May 2012 Executive Summary Independent Project Analysis,

More information

Guideline for Energy Efficient Electrical systems for building. Presentation by TERI

Guideline for Energy Efficient Electrical systems for building. Presentation by TERI Guideline for Energy Efficient Electrical systems for building Presentation by TERI Objective of study The study highlights how BBMP can implement energy efficiency measures in building in co-ordination

More information

For the purpose of this Schedule the following words and phrases shall have the same meanings as assigned to them herein:

For the purpose of this Schedule the following words and phrases shall have the same meanings as assigned to them herein: SCHEDULE OF STANDARD PRICES FOR ESKOM TARIFFS 1 APRIL 2014 TO 31 MARCH 2015 FOR NON-LOCAL AUTHORITY SUPPLIES, AND 1 JULY 2014 TO 30 JUNE 2015 FOR LOCAL AUTHORITY SUPPLIES 1. Standard prices The standard

More information

Sustainable Oil Sands Sector Index TM (SOSSI) Alberta Royalty Review Panel Commentary

Sustainable Oil Sands Sector Index TM (SOSSI) Alberta Royalty Review Panel Commentary Sustainable Oil Sands Sector Index TM (SOSSI) Alberta Royalty Review Panel Commentary Yesterday s publication of the report from the Alberta Royalty Review Panel resulted in one of the steepest declines

More information

A Green Sector Overview

A Green Sector Overview A Green Sector Overview Micro Hydro Electric Power Ontario's Waterpower Resources: Past and Present The first hydroelectric generator in Canada was installed near Ottawa, which was the first city in North

More information

A HOW-TO GUIDE: UNDERSTANDING AND MEASURING INFLATION

A HOW-TO GUIDE: UNDERSTANDING AND MEASURING INFLATION A HOW-TO GUIDE: UNDERSTANDING AND MEASURING INFLATION By Jim Stanford Canadian Centre for Policy Alternatives, 2008 Non-commercial use and reproduction, with appropriate citation, is authorized. This guide

More information

Pebble Copper Gold Molybdenum Project Alaska, USA. A First World & Top Class Mining Asset

Pebble Copper Gold Molybdenum Project Alaska, USA. A First World & Top Class Mining Asset Pebble Copper Gold Molybdenum Project Alaska, USA A First World & Top Class Mining Asset February 2008 1 Cautionary and Forward Looking Information Comments This presentation includes certain statements

More information

The Sugarcane Industry : a sustainable source of renewable energy 30 JULY 2012

The Sugarcane Industry : a sustainable source of renewable energy 30 JULY 2012 The Sugarcane Industry : a sustainable source of renewable energy 30 JULY 2012 1 Presentation Outline Industry Location Contribution to the Economy Global Focus on Greener Technologies Global Competitiveness

More information

Overview - State Tax Review Discussion Paper

Overview - State Tax Review Discussion Paper Overview - State Tax Review Discussion Paper FEBRUARY 2015 WWW.YOURSAY.SA.GOV.AU Why Are We Reviewing Our State Tax System? South Australia is already a great place to live and we value that as a community.

More information

Comparative tables. CPSS Red Book statistical update 427

Comparative tables. CPSS Red Book statistical update 427 CPSS Red Book statistical update 427 January 2013 Table 1 Basic statistical data GDP (USD billions) 1 Population (millions, yearly average) Australia 952 1,050 999 1,246 1,500 21.1 21.4 21.8 22.1 22.4

More information

Hon. Jemma Nunu Kumba Minister Ministry of Electricity and Water Resources Republic of South Sudan

Hon. Jemma Nunu Kumba Minister Ministry of Electricity and Water Resources Republic of South Sudan Hon. Jemma Nunu Kumba Minister Ministry of Electricity and Water Resources Republic of South Sudan South Sudan Electricity Sector Investment Opportunities Introduction Status of electricity supply in South

More information

Scorecard - Oakville Hydro Electricity Distribution Inc.

Scorecard - Oakville Hydro Electricity Distribution Inc. Scorecard - Oakville Hydro Electricity Distribution Inc. 9/24/215 Performance Outcomes Performance Categories Measures 21 211 212 213 214 Trend Industry Distributor Target Customer Focus Services are provided

More information

Report on impact of the Renewable Energy Target on power prices

Report on impact of the Renewable Energy Target on power prices Report on impact of the Renewable Energy Target on power prices This Report has been prepared for the REC Agents Association (RAA) a national industry association representing companies that create and

More information

Galahad Gold plc (Galahad)

Galahad Gold plc (Galahad) 23 January 2007 Galahad Gold plc (Galahad) 2006 Drilling Expands Northern Dynasty's Pebble East Deposit Pebble East Deposit Now Over 7000 Ft By 4000 Ft With Grades Exceeding 1% Cueq Galahad sets out below

More information

Savannah North Scoping Study Looking into the future 3 February 2016

Savannah North Scoping Study Looking into the future 3 February 2016 Savannah North Scoping Study Looking into the future 3 February 2016 ASX: PAN Disclaimer Cautionary Statements This presentation includes information extracted from Panoramic Resources Limited ASX announcement

More information

Victorian electricity sales and peak demand forecasts to 2024-25 SUMMARY REPORT

Victorian electricity sales and peak demand forecasts to 2024-25 SUMMARY REPORT Victorian electricity sales and peak demand forecasts to 2024-25 SUMMARY REPORT Prepared by the National Institute of Economic and Industry Research (NIEIR) ABN: 72 006 234 626 416 Queens Parade, Clifton

More information

Review of the Australian Automotive Manufacturing Industry

Review of the Australian Automotive Manufacturing Industry 3 December 2013 Mr Mike Woods Deputy Chairman Productivity Commission LB2 Collins Street East MELBOURNE VIC 8003 By email: automotive@pc.gov.au Dear Mr Woods, Review of the Australian motive Manufacturing

More information

The Economics of Nuclear Power: Is New Nuclear Competitive?

The Economics of Nuclear Power: Is New Nuclear Competitive? The Economics of Nuclear Power: Is New Nuclear Competitive? Craig A. Severance CPA Author, Business Risks and Costs of New Nuclear Power (2009) Co-Author, The Economics of Nuclear and Coal Power (1976)

More information

Small Scale Coal Power Plant in Indonesia

Small Scale Coal Power Plant in Indonesia Small Scale Coal Power Plant in Indonesia Taufik Sastrawinata Director Technology and Business Development of PT. Advance Technology Indonesia and Secretary General of Indonesian Coal Society Indonesia

More information

African Barrick Gold. BMO Global Metals & Mining Conference February 2013

African Barrick Gold. BMO Global Metals & Mining Conference February 2013 African Barrick Gold BMO Global Metals & Mining Conference February 2013 Disclaimer Important Notice This presentation has been provided to you for information purposes only. It does not constitute an

More information

Annex 1 Tool for the demonstration and assessment of additionality

Annex 1 Tool for the demonstration and assessment of additionality page 1 Tool for the demonstration and assessment of additionality 1. This document provides for a step-wise approach to demonstrate and assess additionality. These steps include: Identification of alternatives

More information

Electricity Price Comparison. Namibia Manufacturers Association (NMA)

Electricity Price Comparison. Namibia Manufacturers Association (NMA) Electricity Price Comparison December 2012 Submitted to: Namibia Manufacturers Association (NMA) P O Box 20810 Windhoek Namibia Tel +264 (0)61 233206 Fax +264 (0)61 233360 Submitted by: EMCON (Pty) Ltd

More information

The Economic Impact of Electricity Price Increases on Various Sectors of the South African Economy A consolidated view based on the findings of

The Economic Impact of Electricity Price Increases on Various Sectors of the South African Economy A consolidated view based on the findings of The Economic Impact of Electricity Price Increases on Various Sectors of the South African Economy A consolidated view based on the findings of existing research Contents Contents... 0 List of Tables...

More information

In-Pit Crushing and Conveying Phil Morriss

In-Pit Crushing and Conveying Phil Morriss In-Pit Crushing and Conveying Phil Morriss AGENDA 1. Introduction - what is In-Pit Crushing and Conveying (IPCC)? 2. What does a quarry need from IPCC? 3. Why and when should we consider using it? 4. How

More information

Operational perspective on the Electricity Distribution Industry (EDI) turnaround

Operational perspective on the Electricity Distribution Industry (EDI) turnaround 2008 Electricity Distribution Maintenance Summit Day 1: 9 June 2008 Operational perspective on the Electricity Distribution Industry (EDI) turnaround by Dr Willie de Beer, Chief Operations Officer, EDI

More information

Comparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships

Comparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships EMAIL contact@fosterinfrastructure.com WEB www.fosterinfrastructure.com Comparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships Pty

More information

STAFF REPORT Financial Planning & Purchasing. Finance & Strategic Planning Committee Meeting Council/Committee Date: September 21, 2015

STAFF REPORT Financial Planning & Purchasing. Finance & Strategic Planning Committee Meeting Council/Committee Date: September 21, 2015 1 Corporate Services STAFF REPORT Financial Planning & Purchasing Title: Core Consumer Price Index Report Number: CORP2015-076 Author: Kim Reger Meeting Type: Finance & Strategic Planning Committee Meeting

More information

Student name: Ezzard de Lange. Student number: 27526616. Master of Business Administration. Submission Date: 13 November 2008

Student name: Ezzard de Lange. Student number: 27526616. Master of Business Administration. Submission Date: 13 November 2008 The impact of increased electricity prices on consumer demand Student name: Ezzard de Lange Student number: 27526616 A research project submitted to the Gordon Institute of Business Science, University

More information

Outlook of South Africa s Manganese Sector. 29 th May 2014 Hannah Edinger, Director, Frontier Advisory

Outlook of South Africa s Manganese Sector. 29 th May 2014 Hannah Edinger, Director, Frontier Advisory Outlook of South Africa s Manganese Sector 29 th May 2014 Hannah Edinger, Director, Frontier Advisory Contents of Presentation Overview of SA Manganese Sector Challenges Facing the Sector Plans to Address

More information

The labour market, I: real wages, productivity and unemployment 7.1 INTRODUCTION

The labour market, I: real wages, productivity and unemployment 7.1 INTRODUCTION 7 The labour market, I: real wages, productivity and unemployment 7.1 INTRODUCTION Since the 1970s one of the major issues in macroeconomics has been the extent to which low output and high unemployment

More information

BUSINESS SA Submission to AER on proposed

BUSINESS SA Submission to AER on proposed Submission to AER on proposed Australian Gas Networks Access Arrangement (2016-21) Contents Introduction... 3 Executive Summary... 3 Stakeholder Engagement... 4 Reliability and Price in South Australia

More information

ESKOM RESEARCH REPORT

ESKOM RESEARCH REPORT ESKOM RESEARCH REPORT INTERNATIONAL BENCHMARKING OF ELECTRICITY TARIFFS AUTHOR(S) : LTE Energy in association with EA Energy Analysis, Denmark ORGANISATION : LTE COPYRIGHT ESKOM HOLDINGS LIMITED NO PUBLICATION

More information

Interest Rate Forecast

Interest Rate Forecast Interest Rate Forecast Economics December Highlights Fed normalization begins More policy moves in China Canada s uneven economy BoC on hold, lower CAD Per cent 6 4 3 2 1 U.S. Federal Funds Rate A continuation

More information

a growing market in an appealing business context with NO local competitors Wire and Cable Manufacturing in Rwanda

a growing market in an appealing business context with NO local competitors Wire and Cable Manufacturing in Rwanda a growing market in an appealing business context with NO local competitors Wire and Cable Manufacturing in Rwanda Construction in Rwanda is Big & Growing Trends in construction & materials: Construction

More information

TECHNICAL REPORT ZA 2015. Energy. Potential for integration of distributed solar photovoltaic systems in Drakenstein municipality

TECHNICAL REPORT ZA 2015. Energy. Potential for integration of distributed solar photovoltaic systems in Drakenstein municipality TECHNICAL REPORT ZA 2015 Energy Potential for integration of distributed solar photovoltaic systems in Drakenstein municipality EXECUTIVE SUMMARY Using Drakenstein Municipality as a case study, this report

More information

Phakwe group. Growing with Africa

Phakwe group. Growing with Africa Phakwe group Growing with Africa GROUP STRUCTURE 2 Energy supply, demand and security There are a wide range of energy resources, with different security of supply and environmental issues: Non-renewable

More information

Module 1: Introduction to Industrial Energy Management

Module 1: Introduction to Industrial Energy Management Module 1: Introduction to Industrial Energy Management Organisations that successfully manage energy have business processes to plan, monitor, and control energy use, just as they do for other corporate

More information

Electricity. Introduction

Electricity. Introduction 9 Electricity Introduction Electricity services in South Africa are at a crossroads. National economic growth has outstripped available generation capacity, while regulatory uncertainty has undermined

More information

What Drives the Economy? Key Economic Variables

What Drives the Economy? Key Economic Variables Vegetable Industry Development Program What Drives the Economy? Key Economic Variables This fact sheet provides a brief explanation of four key economic variables, how these variables interact and what

More information

However, to ensure that JGN can continue attracting necessary funds, we depart from the AER s guideline by estimating:

However, to ensure that JGN can continue attracting necessary funds, we depart from the AER s guideline by estimating: 9. RATE OF RETURN Box 9 1 Key messages rate of return Receiving a fair rate of return is essential for JGN to continue to invest in its $3,042.9M network in a manner that best supports our customers long-term

More information

How to Save for Retirement in Ontario, Canada?

How to Save for Retirement in Ontario, Canada? 1 Canadian Labour Congress Background for Individual Responses Questions from the Ministry of Finance Ontario Consulting with Ontarians on Canada s Retirement Income System How much income do you think

More information

Time-of-use tariffs in the Eskom Western region

Time-of-use tariffs in the Eskom Western region Time-of-use tariffs in the Eskom Western region by D Ramsbottom, Eskom This is a case study into the application of time of use tariffs in the Eskom Western Region undertaken to determine the effect that

More information

A study into approaches to minimise the impact of electricity price increases on the poor

A study into approaches to minimise the impact of electricity price increases on the poor TRADE AND INDUSTRY CHAMBER FUND FOR RESEARCH INTO INDUSTRIAL DEVELOPMENT, GROWTH AND EQUITY (FRIDGE) A study into approaches to minimise the impact of electricity price increases on the poor Final Report

More information

In the wake of the 2014 half-year reporting season, the fundamentals of the Australian stock market are lining up to support quality and growth.

In the wake of the 2014 half-year reporting season, the fundamentals of the Australian stock market are lining up to support quality and growth. Australian stock market it feels like 2004 Donald Williams, Chief Investment Officer Platypus Asset Management In the wake of the 2014 half-year reporting season, the fundamentals of the Australian stock

More information

Feasibility. A guide to feasibility planning for junior mining companies

Feasibility. A guide to feasibility planning for junior mining companies Financial institutions Energy Infrastructure, mining and commodities Transport Technology and innovation Life sciences and healthcare Feasibility A guide to feasibility planning for junior mining companies

More information

South African Distribution Code

South African Distribution Code South African Distribution Code Glossary and Definitions Version 6.0 July 2014 This document is approved by the National Energy Regulator of South Africa (NERSA) Issued by: RSA Grid Code Secretariat Contact:

More information

Retail Operating Costs A REPORT PREPARED FOR THE ECONOMIC REGULATION AUTHORITY OF WESTERN AUSTRALIA. March 2012

Retail Operating Costs A REPORT PREPARED FOR THE ECONOMIC REGULATION AUTHORITY OF WESTERN AUSTRALIA. March 2012 Retail Operating Costs A REPORT PREPARED FOR THE ECONOMIC REGULATION AUTHORITY OF WESTERN AUSTRALIA March 2012 Frontier Economics Pty. Ltd., Australia. i Frontier Economics March 2012 Public Retail Operating

More information

HOD: Electricity Licensing and Compliance National Energy Regulator of South Africa Kulawula House, 526 Vermeulen Street Arcadia, 0083 Pretoria

HOD: Electricity Licensing and Compliance National Energy Regulator of South Africa Kulawula House, 526 Vermeulen Street Arcadia, 0083 Pretoria APPLICATION FOR AN ELECTRICITY GENERATION LICENCE IN TERMS OF THE ELECTRICITY REGULATION ACT, 2006 (ACT NO. 4 OF 2006). Please return completed form to: HOD: Electricity Licensing and Compliance National

More information

5. Price and Wage Developments

5. Price and Wage Developments . Price and Wage Developments Recent Developments in Inflation Inflation rose in the December quarter, following a low September quarter outcome (Table.; Graph.). Indicators of underlying inflation increased

More information

Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations

Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations Off-grid Hybrid Solar: Market Overview, Business Case & Technical Considerations Craig Chambers AECOM Australia Pty Ltd of 420 George Street, Sydney, NSW 2000 Australia Keywords : Solar PV, sustainability,

More information

The Alberta Electricity Market Frequently Asked Questions

The Alberta Electricity Market Frequently Asked Questions The Alberta Electricity Market Frequently Asked Questions NOTE: Responses have been gathered from the official websites and public materials of the Government of Alberta, Alberta Utilities Commission,

More information

Gov t of Canada Rates. 5-Year 1.76% 1.97% 0.21. 10-Year 2.60% 2.80% 0.20. 30-Year 3.18% 3.26% 0.08 S&P/TSX 13,395 13,622 1.69%

Gov t of Canada Rates. 5-Year 1.76% 1.97% 0.21. 10-Year 2.60% 2.80% 0.20. 30-Year 3.18% 3.26% 0.08 S&P/TSX 13,395 13,622 1.69% Moe Johnson First Vice President Investment Advisor (613) 531-5500 moe.johnson@cibc.ca 500 366 King St. E. Kingston, ON K7K 6Y3 Fixed Income and Equity Quarterly Commentary Moe Johnson Ryan Johnston Glen

More information

Employment Outlook to November 2018

Employment Outlook to November 2018 Based on the Department of Employment s 2014 employment projections Table of Contents Introduction... 2 Projected employment growth by industry... 3 Projected employment growth by skill level... 5 Projected

More information

IRP 2010 Energy Forecast Revision 2 Report

IRP 2010 Energy Forecast Revision 2 Report IRP 2010 Energy Forecast Revision 2 Report Report prepared for IRP 2010 Revision 2 By: Systems Operations and Planning Date: July 2010 IRP 2010 Revision 2 Forecast Report Page 1 EXECUTIVE SUMMARY Forecasts

More information

2017 19 TasNetworks Regulatory Proposal Expenditure Forecasting Methodology

2017 19 TasNetworks Regulatory Proposal Expenditure Forecasting Methodology 2017 19 TasNetworks Regulatory Proposal Expenditure Forecasting Methodology Version Number 1 26 June 2015 Tasmanian Networks Pty Ltd (ACN 167 357 299) Table of contents 1 Introduction... 1 2 Meeting our

More information

Introduction to Macroeconomics

Introduction to Macroeconomics Introduction to Macroeconomics Macroeconomics the study of the economy as a whole We measure performance to track the development of the economy Why Measure Performance Helps the government develop tax

More information

Local property market remains constrained

Local property market remains constrained Home Loans Quarterly Report Local property market remains constrained M The South African economy rebounds in the fourth quarter. After lacklustre growth in the second and third quarters of 2011, South

More information

Developing Power Projects in Southern Africa. Cape Town Presentation 8 th February 2016

Developing Power Projects in Southern Africa. Cape Town Presentation 8 th February 2016 Developing Power Projects in Southern Africa Cape Town Presentation 8 th February 2016 Company Highlights AFR now participating in the development of three large-scale power projects in Botswana Completion

More information