Differences in interpretation between Eskom and BHP Billiton in respect of the termination date of the electricity supply agreement for the Hillside Potline 1 and 2 aluminium smelters in Richards Bay, South Africa, could negatively impact Eskom’s balance sheet and income statement to the tune of billions of rands. The electricity prices and contract period for Hillside Potlines 1 and 2 are defined in the main pricing agreement [1] and contract between Alusaf (subsequently Billiton, now BHP Billiton South Africa) and Eskom, signed in 1992… (more)

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