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Popular This Month

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

State capture casts long shadow over Eskom’s results

Platinum for new fuel cell Mercedes cut to autocat level  

By: Martin Creamer     12th July 2017 German car manufacturer Daimler has cut the platinum loading of its new fuel cell Mercedes to catalytic converter level. “We reduced the amount of platinum by 90%, which provides a significant cost reduction. Our fuel cell is not much above the platinum loading of a catalytic converter on a... 

Platinum for new fuel cell Mercedes cut to autocat level
Photo by cH2ange
Daimler fuel cell director Prof Dr Christian Mohrdieck

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Manganese makes list of key tech metals heading for short supply
Photo by Duane Daws
Industrial Development Corporation Mining and Metals Industries divisional executive Abel Malinga (right) talking to Mining Weekly's Martin Creamer.

Govt, miners need to 'go back to drawing board' on Charter – Ramaphosa  

By: Terence Creamer     20th June 2017 Deputy President Cyril Ramaphosa says government and the mining industry need to "go back to the drawing board" to recraft the Mining Charter, following the recent Gazetting of a third version that has caused deep consternation within the industry and precipitated a major sell-off in South... 

Govt, miners need to 'go back to drawing board' on Charter – Ramaphosa

Deloitte unpacks Mining Charter ahead of High Court hearing into Chamber’s application to halt its implementation

By: Mia Breytenbach     5th July 2017 Ahead of the High Court of South Africa’s hearing, on July 18, to decide on an interdict to halt the implementation of the revised Mining Charter, Deloitte Africa Energy and Resources leader Andrew Lane on Wednesday said the mining industry had to take a broader view of the charter, focus and... 

Deloitte unpacks Mining Charter ahead of High Court hearing into Chamber’s application to halt its implementation
Mineral Resources Minister Mosebenzi Zwane

Australia joins lithium-ion battery 'gigafactory' race

By: Mariaan Webb     28th June 2017 Plans to build lithium-ion battery plants in Australia are moving apace, with at least two proposals on the table for 'gigafactories' in Queensland and the Northern Territory. A consortium led by Boston Energy and Innovation announced on Wednesday that it had selected a site for a planned... 

AngloGold to restructure South African mines to ensure viability

By: Martin Creamer     28th June 2017 Gold mining company AngloGold Ashanti has begun consulting with employees on placing the 59-year-old Savuka mine and the 36-year-old Kopanang mine on care and maintenance, and evaluating the integration of the 60-year-old TauTona mine into the neighbouring Mponeng mine, which is being set up as a... 

AngloGold to restructure South African mines to ensure viability
Photo by Duane Daws
AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat)

Work starts on R1.7bn fluorspar mine 

By: Martin Creamer     10th July 2017 Work has begun on the building of an opencast fluorspar mine and concentrator at Rust de Winter, 80 km northeast of Pretoria, Nokeng Fluorspar Mine announced on Monday. The wholly owned subsidiary of SepFluor said that the R1.7-billion finance for the 21-month project had been raised through a... 

Work starts on R1.7bn fluorspar mine
Photo by Duane Daws
Dr Lelau Mohuba

Charter destroying national patrimony, depriving citizens of economic wellbeing

By: Martin Creamer     7th July 2017 Fourteen years ago, I attended a sod-turning ceremony at a manganese project in South Africa’s Northern Cape, made possible by a R1.7-billion equity investment by foreigners. These investors were prepared to bet on the successful development of a new manganese mine in the Kalahari, with one... 

Charter destroying national patrimony, depriving citizens of economic wellbeing

Demand growth for some metals may exceed 1 000% – World Bank

By: Martin Creamer     18th July 2017 A new World Bank report highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals, including Southern Africa's platinum, manganese and chrome. Using wind and solar energy, and energy storage batteries, as... 

Mixed reaction from Australian miners to Tanzania mining law proposals

By: Esmarie Swanepoel     3rd July 2017 Australian miners have responded with mixed feelings to the announcement of possible legislative changes in Tanzania. Three Bills that were recently submitted to the Tanzanian Parliament would allow the government to force mining and energy companies to renegotiate contracts. 

Chamber wins round one in battle against mining charter

By: Martin Creamer     14th July 2017 In what is a clear first round victory for the Chamber of Mines of South Africa against the errant Department of Mineral Resources (DMR), Mineral Resources Minister Mosebenzi Zwane has agreed to suspend the implementation of the controversial Mining Charter Three until after the High Court has... 

Chamber wins round one in battle against mining charter
Chamber CEO Roger Baxter – chamber wins first round in fight against devastating Mining Charter Three

Amplats earnings head for sharp half-year fall

By: Martin Creamer     18th July 2017 Platinum mining company Anglo American Platinum (Amplats) on Tuesday advised its shareholders to expect a sharp fall in earnings of between 45% and 67% for the six months to June 30. The JSE-listed platinum major advised that headline earnings for the first half of the year are likely to decrease... 

Amplats earnings head for sharp half-year fall
Anglo American Platinum operations

Tennis ball-sized 'diamond in the rough' too big to sell

By: Reuters     17th July 2017 In the mysterious world of diamond mining, it turns out that some stones are too big to sell. Canada's Lucara Diamond Corp will have to cut its tennis ball-sized rough diamond to find a buyer, industry insiders say, following Sotheby's failed auction for the world's largest uncut stone last summer. 

Tennis ball-sized 'diamond in the rough' too big to sell

Mining Charter exposing South African economy to GATT angst  

By: Martin Creamer     21st June 2017 The procurement rules of the new Mining Charter may violate South Africa’s obligations under the General Agreement on Tariffs and Trade (GATT), exposing the country to challenges by other member states of the World Trade Organisation (WTO), Herbert Smith Freehills lawyers Peter Leon and Patrick... 

Mining Charter exposing South African economy to GATT angst
Photo by Duane Daws
Herbert Smith Freehills co-chair Peter Leon

Ivanhoe's Congo success follows deals with President's brother

By: Bloomberg     18th July 2017 In the two decades since billionaire mining investor Robert Friedland founded Ivanhoe Mines, his small team has made some of the biggest mineral discoveries in the world. In the Democratic Republic of Congo, it has done so while trading and contracting with companies controlled by one of... 

Ivanhoe's Congo success follows deals with President's brother
Photo by Duane Daws
Robert Friedland

Chamber’s interdict application likely to succeed – attorney

By: Nadine James     12th July 2017 Mining industry employers’ organisation Chamber of Mines’ (CoM’s) urgent interdict application to halt the implementation of the third iteration of the Mining Charter – published by Mineral Resources Minister Mosebenzi Zwane on June 15 – is likely to succeed, says Webber Wentzel partner Rita... 

Chamber’s interdict application likely to succeed – attorney
Photo by Ilan Solomons
Mineral Resources Minister Mosebenzi Zwane

Grassroots shareholders celebrate black-controlled manganese mine’s R300m dividend

By: Martin Creamer     29th June 2017 Against the background of rising calls for radical economic transformation in South Africa’s mining sector, particularly transformation that benefits the country’s communities, grassroots shareholders of the black-controlled Ntsimbintle were last week able to celebrate the Northern Cape manganese... 

Grassroots shareholders celebrate black-controlled manganese mine’s R300m dividend
A flashback to 2003 when Ntsimbintle's Saki Macozoma, seen holding some of the hard grey manganese metal mined from the sands of Kalahari, turned the first sod at the Tshipi mine.

Illegal mining a substantial burden on South African economy, warns Sibanye  

By: Ilan Solomons     28th June 2017 Illegal mining is by no means a victimless crime, as it costs South Africa an estimated R20-billion a year in lost mineral sales, taxes and royalties, Sibanye protection services senior VP Nash Lutchman said on Wednesday. In a presentation on the negative impact of illegal mining on the South... 

Illegal mining a substantial burden on South African economy, warns Sibanye

Massive copper mine tests Trump's push to slash regulation

By: Reuters     13th July 2017 Rio Tinto's proposed Resolution Copper Mine in Arizona would tunnel 7 000 feet underground, where rocks radiate heat from the earth’s molten core. It would suck up enough water to supply a city and leave a crater a mile and a half wide and 1 000 feet deep. Planned for more than a decade, the... 

South32 awards R158m coal contract to 100% black-owned mining firm 

By: Martin Creamer     22nd June 2017 Diversified mining company South32 has awarded a three-year, R158-million contract at the Wolvekrans Middelburg Complex to 100% black-owned Modi Mining, which aims to source up to 90% of its labour from the nearby communities. The award marks an advance on the ASX- and JSE-listed company’s plans... 

South32 awards R158m coal contract to 100% black-owned mining firm
Photo by Duane Daws
South32 president and COO Africa Mike Fraser

Divisive $13bn potash plan to test BHP's new chairman

By: Bloomberg     17th July 2017 BHP Billiton’s plan to enter the potash market with a contentious $13-billion project in Canada is adding to challenges facing the incoming chairman of the world biggest mining company. Ken MacKenzie, a 53-year-old board member who takes up the role in September, currently is on a global tour... 

Divisive $13bn potash plan to test BHP's new chairman
BHP incoming chairperson Ken MacKenzie

Years of gridlock face South Africa as new rules hurt mining 

By: Bloomberg     13th July 2017 Executives from Sibanye Gold Ltd., South Africa’s biggest gold miner, were in Los Angeles in the final stages of a roadshow with U.S. bond fund managers last month when a bombshell hit from back home. The government had introduced shock new rules requiring local mines be 30 percent black-owned in... 

Years of gridlock face South Africa as new rules hurt mining

Paladin has only days to repay EDF debt

By: Esmarie Swanepoel     3rd July 2017 France’s Electricite de France SA (EDF) is pushing embattled uranium miner Paladin Energy for the repayment of $227-million in debt, which is due on July 10. Paladin previously attempted to negotiate a standstill agreement with EDF under the long-term supply agreement inked in 2012, but a... 

Paladin has only days to repay EDF debt

Zwane meets with AngloGold Ashanti after retrenchments announcement 

By: African News Agency      30th June 2017 Mineral Resources Minister Mosebenzi Zwane on Friday instructed the Minerals and Petroleum Board to verify whether the information provided by Anglo Gold Ashanti that it plans to retrench over 8 000 workers took into consideration industry commitments to save jobs. This comes after AngloGold... 

Banks balk at risk of funding South Africa Mining Charter deals

By: Bloomberg     26th June 2017 South Africa’s plan to force mining companies to give the black majority a bigger stake in the nation’s mineral wealth faces a major obstacle: convincing  banks to back billions of dollars of fresh deals in an industry in decline. Mineral Resources Minister Mosebenzi Zwane said on June 15 that... 

Business should stay out of governing – Zwane on Mining Charter 

By: News24Wire      4th July 2017 Mineral Resources Minister Mosebenzi Zwane has defended the new Mining Charter. Speaking to the media on the sidelines of the ANC's National Policy Conference in Johannesburg, Zwane said "business should do business" and leave governing and legislative decision-making to government. 

Copper production growth to accelerate to 2021

By: Anine Kilian     19th June 2017 Global copper production growth will be supported by key markets with low operating costs and strong project pipelines in the next four years, according to research firm BMI’s copper outlook report, released Monday.  Global copper mine production, supported by markets and low operating costs, is... 

Guatemala suspends Tahoe’s flagship Escobal mining licence

By: Henry Lazenby     6th July 2017 Canadian miner Tahoe Resources says it will approach Guatemala’s Constitutional Court after the Guatemala Supreme Court provisionally suspended the mining licence on its Escobal operation, the third-largest silver mine in the world. The court issued a temporary licence suspension after... 

Guatemala suspends Tahoe’s flagship Escobal mining licence
Photo by Tahoe Resources
The Guatemala Supreme Court has provisionally suspended the mining licence of Tahoe Resources' Escobal silver mine

Australian miners emerge unscathed from Tanzania mining law changes

By: Esmarie Swanepoel     7th July 2017 A number of Australian juniors operating in Tanzania have emerged from the rubble of the recent legislative changes, largely unscathed. Several Tanzania-focused companies resumed share trading on the ASX on Friday, telling shareholders that the legislative changes passed by the Tanzanian... 

CoM applies for interdict to halt implementation of reviewed Mining Charter

By: Anine Kilian     26th June 2017 The Chamber of Mines (CoM) has issued an urgent application to the High Court of South Africa requesting that the court prevent the implementation of the Reviewed Mining Charter, which was published by the Department of Mineral Resources (DMR) on Thursday.   The application, issued on Monday,... 

CoM applies for interdict to halt implementation of reviewed Mining Charter
Photo by Duane Daws
Mosebenzi Zwane

Miners to tighten their belts for the remainder of the year – BMI

By: Megan van Wyngaardt     27th June 2017 Despite the modest recovery in global commodity prices, miners will remain focused on capital and supply discipline in the year ahead, through debt reduction and efficiency enhancements, research firm BMI said on Tuesday. In its ‘Mining Mid-Year Update: Key Themes For 2017’ report, it noted that... 

Miners to tighten their belts for the remainder of the year – BMI

Vitol drops plan to buy Gupta stake in RBCT

By: Bloomberg     18th July 2017 Vitol Group, the world’s largest independent oil trader, walked away from a deal to buy a stake in the Richards Bay Coal Terminal from a company controlled by South Africa’s Gupta family. “The consortium comprising Vitol and Burgh Group Holdings will not be proceeding with the acquisition,” the... 

Vitol drops plan to buy Gupta stake in RBCT

Lonmin boosts turnaround on upped output, suffers fatalities

By: Martin Creamer     17th July 2017 In the three months to June 30, platinum mining major Lonmin recorded lower unit costs and higher net cash on improved production and rising sales – but suffered two fatalities in a quarter when the overall injury level was on a firmly downward trajectory. On sustaining the company’s financial... 

Lonmin boosts turnaround on upped output, suffers fatalities
Lonmin CEO Ben Magara, who has also assumed direct hands-on COO control of all operations

Acacia Mining reviewing Tanzania’s proposed legislative changes

By: Natasha Odendaal     29th June 2017 Gold miner Acacia Mining is reviewing the proposed legislative changes to the legal framework governing the natural resources sector in Tanzania. This followed the recent publication of draft legislation, which is expected to be debated by the country’s Parliament in an extended Parliamentary... 

Construction on Exxaro’s new offices to start in September

By: Anine Kilian     18th July 2017 Real estate investment trust Growthpoint Properties has started the multimillion-rand development of a new head office for diversified miner Exxaro Resources. Exxaro’s new corporate headquarters will consolidate its current offices in Pretoria and Johannesburg into a single workspace, located at... 

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