Gold Mining News Hubb
Advertisement
  • Home
  • Gold News
  • Mining News
  • Contact us
No Result
View All Result
  • Home
  • Gold News
  • Mining News
  • Contact us
No Result
View All Result
Gold Mining News Hubb
No Result
View All Result
Home Gold News

Minerals Council says letter to Transnet’s Derby ‘mandated’ after Kalagadi quits industry body

admin by admin
February 10, 2023
in Gold News


Executive Chairperson of Kalagadi Manganese, Daphne Mashile-Nkosi.

THE Minerals Council defended a letter asking for the resignation of Transnet CEO Portia Derby in December, saying decisions of this order had the mandate of the organisation’s members.

“Something like this has got to be approved by the board and office bearers,” said Allan Seccombe, spokesman for the Minerals Council which has 77 members representing 90% of South Africa’s production in 2022.

Business Day reported today that Kalagadi Manganese had resigned from the council in protest against its letter to Derby.

“This call for the removal of the few female corporate leaders is more than just a misrepresentation of us as member, but goes against the ethos for which we stand,” Daphne Mashile-Nkosi, chairwoman of Kalagadi Manganese wrote in a letter seen by the publication.

Instead of pushing for management change, the Minerals Council and Transnet subsequently decided to establish “collaborative structures” aimed at improving the efficiency of Transnet. Transnet, a state-owned company, freights South Africa’s minerals, including coal and manganese, to export handling facilities in Richards Bay, Durban and Saldanha Bay, among others.

In its letter, the Minerals Council said Derby should resign because she could not “resolve the crisis” and they were not “capable of turning around performance” at Transnet. “We are insisting on the critical need for urgent change,” the council said in the letter.

Richards Bay Coal Terminal, a privately-owned company, said it had received 50.43 million tons of coal in 2022, the lowest level in 30 years. The Minerals Council later said the decline in coal exports represented R30bn in lost revenue, adding that the decline in performance was related to management rather than exogenous factors such as corruption.

“We know that only about 20% of the lost tonnages were due to cable theft and electricity disruptions on the coal rail corridor,” said the council’s chief economist, Henk Langenhoven. “The bulk of the explanation lies with inefficiencies on rail and in the ports,” he added.

Said Mashile-Nkosi in her letter: “We are therefore left with no option but to reconsider our membership of the Minerals Council SA. We, therefore, terminate our membership of the Minerals Council SA with immediate effect and trust that you find this in order”.



Source link

Previous Post

South Africa Declares Energy Crisis State of Disaster; Ministry of Electricity Established

Next Post

A tale of two COPs: Connecting climate and biodiversity

Next Post

A tale of two COPs: Connecting climate and biodiversity

Recommended

Gen Z’s Favorite Brands, Compared with Older Generations

November 2, 2022

Menar throws weight behind Transnet following upgrades to manganese line

October 9, 2022

Don't miss it

Gold News

Gov Ikpeazu sacks several aides

March 31, 2023
Mining News

Visualizing the Flow of Energy-Related CO2 Emissions in the U.S.

March 30, 2023
Mining News

India to start exporting coal by 2026

March 30, 2023
Gold News

Gemfields warns recessionary pressures may dampen sales after record 2022

March 30, 2023
Gold News

Time to Break the Deadlock on TotalEnergies’ Offshore Gas Deal

March 30, 2023
Gold News

FEC approves N41bn for construction of centre of excellence, hospital in Rivers

March 30, 2023
gold mining-66

© Gold Mining News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Gold News
  • Mining News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Gold News
  • Mining News
  • Contact us

© 2022 Gold Mining News Hubb All rights reserved.