The new deal removes the link to moncler womencommodity pricing that hit Eskom's balance sheet last year, the companies said in a joint statement yesterday. Contracts to supply electricity tomoncler clothing the mining giant's Mozal aluminium smelter in Mozambique, and to its Hillside and Bayside smelters in South Africa, accounted for nearly all of Eskom's embedded derivative liabilities. This led to a book value loss of R9.7-billion in the year to the end of March last year. "The agreement, effective [from] March 31 2010, removes the impact ofMoncler Jackets embedded derivatives on Eskom's balance sheet, as well as all onerous conditions," Eskom's acting chairman, Mpho Makwana, said yesterday. The new deal must be approved by Moncler Jackets on saleenergy regulator Nersa. Discussions with BHP on theMoncler T-shirt on sale South African smelter contracts are continuing and Eskom expects to conclude them during the current financial year. Similar talks with Anglo American will be moncler onlinefinalised before the end of this year, Eskom said earlier this month. The contracts have been a thorn in the flesh formoncler jacket cash-strapped Eskom, which is struggling to find the R461-billion it needs to build new power stations to supply fast rising demand. Business Times reported last week that Energy Minister Dipuo Peters confirmed that BHP paid an average of 12.3c a kilowatt hour for Eskom power supplied to its Mozal smelter in the year to March - half the 24.3c a kilowatt hour cost of its generation. The contract with Motraco, the Mozambique company that carries power toMoncler T-shirt the Mozal smelter, was signed in 1997 and expires in 2025. Eskom spokesman Andrew Etzinger said yesterday that he could not disclose what rates BHP would be paying under the amended agreement. He said: "The specific amount payable by Moncler outletBHP Billiton and the expiry date of the Motraco contract are subject to a confidentiality clause in the agreement. "What I can say is it that [the amount] is significantly more attractive to moncler coatEskom and it is an equitable agreement now. "In particular, the commodity link has been removed, which means that the price paid by BHP Billiton is no longer related to the price of aluminium." Pieter van Dalen, the DA's spokesman on state-owned enterprises, who exposed the preferential rates in April, said yesterday he did not believe Eskom had signed a new deal with BHP. "I think they are pulling the wool over our eyes," he said. "Why won't they tell us how much BHP will be paying now?" Tony Parker Tracy McGrady Vibram Five Fingers Vince Carter jackets