Projects

Meridian was appointed to undertake a study of the international coal market. The study included an assessment of current and future export prices. ...

Meridian was tasked with developing a financial model of the mine, in conjunction with a mining engineering consultant. The aim of the model was to calculate the price for the Eskom coal that would enable the ongoing viability of the mine under different stochastically generated coal market and macro economic scenarios, and mine production configurations. ...

Meridian investigated the strategic position of the mine's shareholders as background for Eskom's negotiating position. ...

We collaborated with Econex and Eskom to undertake a scenario based study of the price and other implications of pursuing different coal sourcing strategies. The quantitative analysis was primarily based on Eskom's coal supply optimisation model. ...

We collaborated with Econex and Eskom by leading a project to produce a large study of the coal market in South Africa. The investigation focussed on outlining the key characteristics of the South African coal market (including the export component); on reviewing Eskom's future coal requirements; on identifying and investigating the key challenges that Eskom faces in meeting its future coal supply objectives; and on outlining the key choices, policies and strategies that will be required to meet its objectives. ...

Meridian collaborated with Econex to investigate the costs and benefits that the Gasnosu pipeline (which included gas-to-power projects), would hold for the economies of South Africa and Mozambique, and the southern African region as a whole. ...

Grové collaborated with Econex in preparing the report. The report considered the likely market power of the merged entity, Eskom's countervailing buyer power and possible anti-competitive effects of the merger. It also analysed the potential effects that the proposed merger were likely to have on Eskom's coal purchases, future electricity tariffs and on the South African economy more widely. ...

In the February 2006 Budget, Minister of Finance Trevor Manuel announced the appointment of a task team to investigate whether windfall profits were being generated by the liquid fuels industry, in particular the synthetic fuels industry, and whether a windfall tax should be imposed if such profits existed. Grové Steyn was subsequently appointed as a member of the Task Team by the Minister of Finance. The final report was delivered to the Minister of Finance in February 2007. ...