Power cuts

South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

Posted on by Mozambique Resources Post
South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.

Read More

Africa Mining: First Quantum, Barrick hit by power cuts in Zambia

Posted on by Mozambique Resources Post

Power cuts in north-western Zambia, Africa’s second-biggest copper producer, have affected production at mines run by Canada’s First Quantum Minerals and Barrick Gold, an industry body said on Tuesday. Zambian power utility Zesco Ltd is limiting power it supplies to customers, including mining companies, after water levels at its hydro-electric plants dropped due to drought.

Read More