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Kim Cloete

High Court rules in favour of Earthlife Africa in South Africa’s first climate change case

8th March 2017 The North Gauteng High Court has ruled in favour of environmental justice organisation, Earthlife Africa (ELA), on the basis that the climate change impacts of the proposed Thabametsi coal-fired power station, were not  properly considered. In South Africa’s first climate change court case, ELA... 

Judgment reserved in South Africa’s first climate change court case

7th March 2017 The outcome of South Africa’s first climate change court case could set an important precedent. Judgment has been reserved, following compelling arguments in the Pretoria High Court by lawyers for Earthlife Africa, the Department of Environmental Affairs (DEA) and the developers of the 557.3 MW... 

Concerns about illicit funding flows dog mining companies in Africa

9th February 2017 A World Bank report has raised concerns about tax compliance by mining companies in Africa, tax loopholes and the illicit flow of funds in a range of African countries. The report, ‘Transfer Pricing in Africa, with a focus on Africa’, has shown that several countries on the continent have... 

Signs of hope for the platinum industry

9th February 2017 Following a few tough years, experts believe the platinum sector’s future looks bright, with a strong case for investing in the precious metal. World Platinum Investment Council CEO Paul Wilson this week said traditional investors had walked away from platinum as an investment from 2015 to 2017,... 

Improving efficiencies the name of the game for AngloGold

8th February 2017 AngloGold Ashanti says its focus remains improving margins across the business, despite lower grades at some of its operations, as well as currency headwinds. “We are committed to improving efficiencies and widening margins regardless of the lower metal price,” AngloGold CEO Srinivasan... 

A fillip for iron-ore, but is it sustainable?

8th February 2017 The past year has been a volatile but positive one for iron-ore, with higher prices helped by a burst of demand from China. Panelists at the Investing in African Mining Indaba, being held in Cape Town, this week, agreed that there was still great uncertainty in the iron-ore market, with Macquarie... 

Isondo excited about prospects for a viable fuel-cell manufacturing industry

8th February 2017 Isondo Precious Metals is rolling out its fuel-cell strategy and is planning to establish a fuel-cell component manufacturing plant in South Africa. Isondo CEO Vinay Somera on Wednesday said he and his team had “scoured the world” for the best-in-class technology with an eye on building a... 

Exxaro CEO calls for nation to rethink BEE ownership, warns not to repeat past mistakes

8th February 2017 A new way of looking at black economic empowerment (BEE) ownership is needed to avoid the “pain and frustration” that has been experienced in the past, suggests Exxaro CEO Mxolisi Mgojo. “As leaders of one of the country’s largest employers, we should reassess current empowerment initiatives . .... 

Gold continues to be safe haven in these uncertain times

7th February 2017 Experts believe the buying of gold for investment purposes is set to increase, as currencies decline. Uncertainty over decisions made by US President Donald Trump may also see investors heading for gold. “There will be a lot of gold buying for investment purposes in the next few years. We expect... 

Unctad calls for fair and transparent mining deals

7th February 2017 A call has been made for fair, transparent disclosure around extractives in Africa and clear and open rules of engagement between governments and mining companies. United Nations Conference on Trade and Development (Unctad) secretary general Dr Mukhisa Kituyi told delegates at the Investing in... 

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