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In-house renewable energy could be a boon for SA mines

Author(s): 
A Van Zyl
Date: 
Friday, February 7, 2020
First presented: 
African Mining Market
Type: 
Article
Category: 
Environmental/Social
 

With their recent profitability buoyed by price improvements in certain commodities, some South African miners may consider investing part of their windfall gains to create their own renewable energy generating capacity.

Encouraging comments by Minister of Mineral Resources and Energy Gwede Mantashe at the Mining Indaba in Cape Town this week has the industry abuzz with possibilities for self-generation of electricity.

According to Andrew van Zyl, director and principal consultant at SRK Consulting, there is no better time to consider such opportunities.

“While Eskom’s base-load supply is still vital to keep mines running, independent power generation from renewable sources holds value for a few reasons,” said Van Zyl. “These relate to issues of rising electricity prices from the grid, as well as to mines’ environmental commitment and future carbon tax liabilities.”

Feature Author

Andrew Van Zyl

Specialisation:

  • Mine and project valuation;
  • Mining conventions;
  • Economics;
  • Recent valuations greater than $ 1 billion for chrome, copper and Gold;
  • Technical adviisor to the Government of Cameroon for the Mbalam Mining Convention and rail and port concessions.

Expertise:

Andrew has been involved in the fields of Mining and Engineering.  His expertise includes

  • Technical advice during mining convention negotiations;
  • Financial/techno-economic modelling;
  • Exchange rates and macroeconomics;
  • Research and reporting;
  • Precious and base metals due diligence;
  • Project management (managing tenders, the detailed design of processes and equipment, estimation, the procurement and erection of the equipment and have managed the cold and hot commissioning of process plants;
  • Tender management (analysis of project financials and risk);
  • General management (developing, budgeting, marketing and completing projects);
  • Quantitative analysis including model development and strategic analysis;
  • Process engineering and commissioning experience;
  • Operation of process plants, including a rapid train loading terminal.
Director | Principal Consultant
SRK Johannesburg
SRK Africa