Bakwena Platinum Corridor Concessionaire (Pty) Ltd, (Bakwena), the private roads authority responsible for the N1N4 toll roads, will soon be launching its Asset Based Community Development (ABCD) Project along the N4.
WBHO Construction takes four awards, Belo & Kies Construction wins two awards in fiercely contested competition.
Residents in the North West town of Marikana, situated just east of Rustenburg, welcomed the donation of much needed housing earlier this year.
“Despite the low commodity prices and the negative effect they have had on the mining community and town of Rustenburg, Bell Equipment is committed to investing in new, modern facilities like the one the company has just officially unveiled here,” said Bell Equipment Director: Sales and Marketing, Terry Gillham, during the inauguration of the company's new Customer Service Centre in Rustenburg, North West Province.
Government has allocated R2.7 billion towards a grant aimed at addressing housing for mineworkers in identified mining towns.
Lonmin mine has donated 50 hectares of land, consisting of serviced stands, to be used for housing in the greater Marikana area.
Anglo Platinum’s Waterval smelter in Rustenburg is set to become partly electricity self-sufficient thanks to an SA-first application of Organic Rankine Cycle technology.
Anglo Platinum’s Waterval smelter in Rustenburg is set to become partly electricity self-sufficient thanks to an SA-first application of Organic Rankine Cycle (ORC) technology. Ingeniously, energy to drive an electricity-generating turbine will come from heat extracted from water used in the smelter’s cooling system.
“Under an energy conversion agreement Anglo Platinum will supply heat and purchase electricity,” says Fazel Moosa, head of project and infrastructure finance at Investec. “The plant will have an average output of 3,85MW and will meet about 10% of the smelter’s electricity needs. The initial cost to Anglo Platinum will be similar to the price it now pays for power supplied by Eskom”.
The R155m project is housed in a special-purpose vehicle, Eternity Power, in which Investec and alternative energy project specialist Vuselela have stakes of 80% and 20% respectively. Investec is providing R105m in debt finance, Vuselela R20m in equity finance and the department of trade & industry R30m through an infrastructure grant.
Equipment for the project, which is due for completion in mid-2014, will be supplied by Israeli firm Ormat Technologies, developer of the Ormat ORC system.
“Its system is now used in electricity generating plants in 71 countries,” says Moosa. “The total installed generating capacity is 1300MW.”
In simple terms, the ORC system is unique in that it uses an organic liquid with a boiling point far lower than water, which is used in conventional power plants to produce steam. In the Waterval smelter, the generating plant’s waste cooling water will be used to heat pentane, which has a boiling point of only 36°C.
“In reality the system is highly complex and totally unconventional,” says Vernon Harding, CEO of Vuselela, which conceived the project and is overseeing its implementation. What adds to its complexity is that the Waterval plant is the first ORC system in the world to use smelter cooling system water as a heat source, he adds.
Despite its complexity, the Waterval smelter project is unlikely to be the last of its type in SA. “We are looking at ORC systems for two industrial companies,” says Moosa. “We have already begun feasibility studies.”
Property developer Calgro M3 says its project pipeline tops R10bn after it was awarded a R746m project in North West.
Property developer Calgro M3 Holdings said on Monday its project pipeline had topped R10bn after it was awarded a R746m project in North West.
The company will develop 3451 residential units in the Boitekong Ext 16 Integrated Development in Rustenburg.
Construction is expected to commence next month and will be completed in 2016.