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| The South Africa Electricity Situation |
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The state of electricity supply in South Africa is well documented and its effect has been
felt throughout the Group's domestic business environment and by its many customers and
clients. It is not possible to determine an accurate cost of disruption but it is expected the
situation will impact domestic operations through to at least 2013.
Further to the announcement released through SENS on 28 January 2008, the Group is
pleased to advise that its domestic underground mining contracting operations are back to
full production and that its CISCO steel mill resumed operations at 85% of previous capacity.
All operations and offices throughout the Group have embarked on a program of sustainable
energy efficiency to reduce base load and peak power consumption.
However, the Group foresees future supply constraints and price volatility in other critical
performance inputs, particularly fuel and steel products. |
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