Defend Truth

Rio Tinto walks away from Coega smelter. Thanks, Eskom.

Rio Tinto walks away from Coega smelter. Thanks, Eskom.

The most important draw card of the Coega industrial development zone outside Port Elizabeth, the aluminium smelter Rio Tinto was to build at a cost of more than $3 billion, has been cancelled. It had to happen. Rio Tinto can’t get the guaranteed power it needs; not at a decent price anyway. The government can’t afford to turn off the lights in homes and other factories while providing uninterrupted supply to anything that wasn’t grandfathered in. And Eskom can do with not having to worry about the voracious appetite of a new smelter in the middle of nowhere if you consider the geography of its generation assets. Does this leave Coega a white elephant? A deep-water port is valuable in and of itself, but without the smelter there’ll be one helluva lot less to ship in and out.


Please peer review 3 community comments before your comment can be posted

[%% img-description %%]

The Spy Bill: An autocratic roadmap to State Capture 2.0

Join Heidi Swart in conversation with Anton Harber and Marianne Merten as they discuss a concerning push to pass a controversial “Spy Bill” into law by May 2024. Tues 5 Dec at 12pm, live, online and free of charge.

A South African Hero: You

There’s a 99.8% chance that this isn’t for you. Only 0.2% of our readers have responded to this call for action.

Those 0.2% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country.

Be part of that 0.2%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options