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EXPLORATION STILL ON VACATION:

By: Martin Creamer     16th November 2018 South Africa’s $2.5-trillion minerals treasure chest will remain locked until enabling government policy unlocks it. Government has awakened to the massive potential of such an unlocking, but needs to clearly annunciate improved minerals policy to arouse the required investor interest. South... 

INVESTMENT PLEDGES:

By: Martin Creamer     9th November 2018 INVESTMENT PLEDGES: It was wonderful that many mining-related investments were confirmed at President Cyril Ramaphosa’s investment conference in Johannesburg. The diversified mining company Anglo American pledged R70-billion. Vedanta Zinc International pledged R21.4-billion additional possible... 

INVESTMENT PLEDGES:

CONSTRUCTIVE ENGAGEMENT

By: Martin Creamer     2nd November 2018 The constructive engagement that is under way to fix the growth-negative aspects of Mining Charter Three is commendable. The wise rapprochement between Minerals Minister Gwede Mantashe and Minerals Council CEO Roger Baxter has nullified the destructive non-collaboration that separated these two... 

CONSTRUCTIVE ENGAGEMENT

LET'S PULL OURSELVES UP BY OUR OWN BOOTSTRAPS:

By: Martin Creamer     26th October 2018 The current very low contribution of only 4% to gross domestic product (GDP) by the South African mining sector needs to be firmly uplifted for the good of the South African people. Advisory firm Eunomix CEO Claude Baissac rightly describes the 4% contribution as being ridiculously low. Mineral... 

LET'S PULL OURSELVES UP BY OUR OWN BOOTSTRAPS:

END THE EXPLORATION VACATION:

By: Martin Creamer     19th October 2018 It is good that government is freeing mineral exploration from the regulatory burdens of the mining industry as a whole, because a massive amount of catch-up has to take place for the country to keep its mining at a critical mass. Against the backdrop of its exceptional mineral endowment, the... 

END THE EXPLORATION VACATION:

RESTORE THE GLEAM:

By: Martin Creamer     12th October 2018 Gold mining has lost its investment glitter and needs to, in the words of the Economist magazine of London, restore its gleam. To do this, gold-mining companies Barrick and Randgold Resources want their shareholders to allow them to present an improved investment case as a merged entity. The plan... 

RESTORE THE GLEAM:

CONSOLIDATING GOLD MINING:

By: Martin Creamer     5th October 2018 When Mining Weekly reported last month that African gold mining company Randgold Resources was looking across the Atlantic, the last merger target in mind was gold mining company Barrick. It was the northern edge of South America that effectively hosts the same geology as West Africa that we... 

CONSOLIDATING GOLD MINING:

CARBON TAX OWN GOAL:

By: Martin Creamer     28th September 2018 South Africa’s Treasury will be scoring a spectacular own goal if it insists on imposing carbon tax next year; the Integrated Resource Plan (IRP) renders carbon tax superfluous and all its imposition will do is risk smelter closure and the exportation of South African jobs when the country needs... 

CARBON TAX OWN GOAL:

CARBON TAX CRACKS:

By: Martin Creamer     21st September 2018 The release of the Integrated Resource Plan (IRP) promises to lower emission intensity to a point where someone should tell National Treasury to abandon its plans to introduce carbon tax, which is almost certain to result in the closure of metal smelters at a time of desperate need for job... 

CARBON TAX CRACKS:

CLEAR THE RUNWAY AND WE'LL SOAR:

By: Martin Creamer     14th September 2018 The mining sector could attract an additional R122-billion worth of investment if the policy and legislative perception lifted out of the lowest quartile of the Fraser Institute’s Policy Perception Index, Minerals Council South Africa public affairs and transformation senior executive Tebello... 

CLEAR THE RUNWAY AND WE'LL SOAR:

DANGLING THE EXPLORATION CARROT:

By: Martin Creamer     7th September 2018 Mineral Resources Minister Gwede Mantashe used his speech to the Africa Down Under conference in Perth to dangle an attractive ten-year, R20-billion carrot before junior explorers. He revealed the government’s intention to assist juniors with access to finance and told Mining Weekly that the... 

DANGLING THE EXPLORATION CARROT:

PETROLEUM’S LEGISLATIVE UNBUNDLING:

By: Martin Creamer     31st August 2018 The P for petroleum in the Minerals and Petroleum Resources Development Act (MPRDA) is heading for an unbundling. Invariably honoured in the breach, mining’s dominance always took centre stage. Along came the MPRDA Amendment Bill of 2013 and suddenly petroleum was awakened from it slumber. It was... 

PETROLEUM’S LEGISLATIVE UNBUNDLING:

DARTING AHEAD:

By: Martin Creamer     24th August 2018 Diversified mining and marketing company Glencore is darting ahead of its US Department of Justice (DoJ) and Democratic Republic of Congo (DRC) mining code issues. Most of the commodities in the basket of the London- and Johannesburg-listed company are set to grow, notes Goldman Sachs Equity... 

DARTING AHEAD:

DERAILING REPUTATION:

By: Martin Creamer     17th August 2018 State-owned rail enterprise Transnet has derailed its reputation by allowing six derailments, four for iron-ore and two for manganese, and rail cancellations to occur on what should be a problem-free line from the Northern Cape to the port of Saldanha. As it is, South Africa’s logistics costs are... 

DERAILING REPUTATION:

TIGHTROPE TRIBULATION:

By: Martin Creamer     10th August 2018 Of all industrial sectors, it is the mining sector that requires ongoing investment at a magnitude that dwarfs most other sectors. Because internal savings are insufficient to fund mining, foreign investment is a must. Mineral Resources Minister Gwede Mantashe is having to walk a tightrope and... 

TIGHTROPE TRIBULATION:

INVESTMENT UNLANDED:

By: Martin Creamer     3rd August 2018 Significant mining investment is not being landed because the Mining Charter is being kept in mid-air. While some mining majors have taken their eye off South Africa completely and have opted to land their investments in more predictable mining jurisdictions, at least two majors – Glencore and... 

INVESTMENT UNLANDED:

LEGISLATIVE LETHARGY:

By: Martin Creamer     27th July 2018 The third Mining Charter, promised for June, will be now be gazetted “in October or November” once it has been ratified by Cabinet and finalised during a month-long extension to the public comment period to end-August, Mineral Resources Minister Gwede Mantashe has announced. In the interim,... 

LEGISLATIVE LETHARGY:

WEALTH CREATION ON VACATION:

By: Martin Creamer     20th July 2018 Mining has great potential to create wealth across a broad front. But South Africa is nullifying mining’s wealth potential by creating a long list of legislated rent seekers that quickly slurp up the wealth well before it has even had a chance to be created. The community of wealth consumers is... 

WEALTH CREATION ON VACATION:

GROW OR MOW:

By: Martin Creamer     13th July 2018 It is not only the South African mining industry that is faced with the dilemma of growing or mowing. Other mining jurisdictions with memories of past ups and downs are faced with a similar dilemma, but not the same dilemma. In South Africa the main worries – legislation and corruption – are... 

GROW OR MOW:

EROSION OF AN INDUSTRY:

By: Martin Creamer     6th July 2018 Bit by bit, South Africa’s mining industry has been eroded over the last two decades. From the dawn of our new democracy, Treasury, for reasons best known to itself, set out to ensure that mining played a lesser part in the overall economy. Legislators followed with consistent repression and... 

EROSION OF AN INDUSTRY:

PGM BALANCE:

By: Martin Creamer     29th June 2018 Platinum-mining companies mine a group of metals and not only platinum, which in the current period of platinum price downturn is a blessing. If current platinum mining did not have the support of record-priced palladium and rhodium, a word stronger than crisis would need to be used to describe... 

PGM BALANCE:

VALUABLE REEF THAT'S NOT ALWAYS THAT FLAT

By: Martin Creamer     22nd June 2018 Some have referred to it as the ‘platreef’, playing on the Afrikaans word ‘plat’, which means flat, but more recently the rich, extremely thick orebody on the northern limb of South Africa’s platinum-endowed Igneous Bushveld Complex has come to be consistently called the flatreef. But in truth,... 

VALUABLE REEF THAT'S NOT ALWAYS THAT FLAT

ONE SIZE DOES NOT FIT ALL:

By: Martin Creamer     15th June 2018 The Junior Indaba has highlighted that South Africa’s one-size-fits-all approach to minerals legislation is ill-conceived. What the legislation purports to suggest is that the mining majors are on all fours with the junior exploration start-ups, which is by no means the case. The huge difference... 

ONE SIZE DOES NOT FIT ALL:

USE CLEAN COAL, SAVE YOUR SOUL:

By: Martin Creamer     8th June 2018 By all accounts, burning coal cleanly is now possible. The technology to do so is available. To make it effective in a coal-fired furnace like the Mpumalanga province, new technology will also have to be installed in old coal-fired power stations. At last week’s Fossil Fuel workshop on air... 

USE CLEAN COAL, SAVE YOUR SOUL:

PALATIAL PLATINUM:

1st June 2018 Prince Harry’s choice of a platinum wedding ring is a wonderful boost for South Africa’s struggling platinum mineworkers, who currently need every bit of help they can get. As Platinum Guild International (PGI) has noted, platinum jewellery is outperforming gold in some areas. The bridal markets... 

PALATIAL PLATINUM:

GOOD FIT:

By: Martin Creamer     25th May 2018 Platinum-mining companies Lonmin and Sibanye-Stillwater make a good fit at asset level, where the abutting of their mines can unlock synergies of R1.5-billion a year and preserve 20 000 jobs. Lonmin currently employs 32 500, which will go down to by 12 600 in 2020, leaving close to 20 000, the... 

GOOD FIT:

INVESTMENT 'BESTIE'

By: Martin Creamer     18th May 2018 Indian mining billionaire Anil Agarwal’s association with South Africa began eight years ago when Vedanta Resources, the London-listed, India-rooted diversified mining company he founded and heads, bought Anglo American’s zinc assets, achieved payback in a couple of years and went ahead with... 

INVESTMENT 'BESTIE'

MINING'S BURNING BRIDGE:

By: Martin Creamer     11th May 2018 Deep precious metals mining is being heated by the flames of extinction, made up of increasing mine depth, lengthening travel time to the rock face, higher electricity tariffs, rising labour costs, the fluctuating rand:dollar exchange rate and relatively weak commodity prices. Without greater... 

MINING'S BURNING BRIDGE:

WHEN CRISIS COMES KNOCKING:

By: Martin Creamer     4th May 2018 While there is a bit of palladium relief here and rhodium and chrome price relief there, South Africans need to face up to the harsh reality that its important platinum-mining industry is in crisis because that is what happens when the price for your main product is below economic levels. An... 

WHEN CRISIS COMES KNOCKING:

REVIVE AND MODERNISE:

By: Martin Creamer     27th April 2018 REVIVE AND MODERNISE: The Mandela Mining Precinct is the name chosen for the exciting new research thrust that promises to provide a revitalising and modernising platform for South Africa’s struggling mining industry. The research banner is flying high above Carlow Road, Johannesburg, where a... 

REVIVE AND MODERNISE:

CRISIS NOT?

By: Martin Creamer     20th April 2018 Mineral Resources Minister Gwede Mantashe last week described the mining industry as one that is in self-doubt, believing that it is about to die, with suspicion and mistrust at a high level. "I fail to understand why platinum is in a crisis," he said, adding that mining stakeholders needed to... 

CRISIS NOT?

DEATH AND DESTRUCTION:

By: Martin Creamer     13th April 2018 On the evening of Monday, April 2, a bus transporting 50 mineworkers from the Ga-Maroga village, in Mpumalanga, to the Modikwa Platinum Mine, 15 km northwest of Burgersfort, was set alight, killing six and injuring 44.  One of five suspects arrested appeared in the Mecklenburg Magistrate's Court... 

DEATH AND DESTRUCTION:

CHARTER CHATTER:

By: Martin Creamer     6th April 2018 At top corporate level, African Rainbow Minerals executive chairperson Patrice Motsepe expressed absolute confidence that the issues surrounding the Mining Charter III debacle would be nullified and that the new charter would ensure South Africa’s return to being a competitive mining investment... 

CHARTER CHATTER:

POOF GOES SOUTH AFRICA DISCOUNT:

By: Martin Creamer     30th March 2018 The South Africa discount that the shareholders in local mining companies have had to endure for decades, is going up in a puff of smoke. Goldman Sachs analysts say in a multi-page report that the risks around South African operations are dissipating against the backdrop of the winds of political... 

POOF GOES SOUTH AFRICA DISCOUNT:

'I'LL DESTROY THIS AND IN THREE MONTHS REBUILD IT':

By: Martin Creamer     23rd March 2018 New Mineral Resources Minister Gwede Mantashe, who many recall playing a major role in the creation of the first widely accepted mining charter, has been advised not to be over hasty in creating a replacement charter for Mining Charter 111, which he has vowed to replace with a new charter in... 

'I'LL DESTROY THIS AND IN THREE MONTHS REBUILD IT':

WHEN 'NUM' TURNS INTO DUMB:

By: Martin Creamer     16th March 2018 Just when the world economy was showing signs of positive stability, up popped Donald Trump with import tariffs on aluminium and steel. Given that the North Americans refuse to keep the second 'i' in aluminium, and insist on alumi'num', one is in good company in describing the entire thing as... 

WHEN 'NUM' TURNS INTO DUMB:

THE STRONG HAND OF THE RAND:

By: Martin Creamer     9th March 2018 Commodity prices in rands are, in the main, no dripping roast. Particularly when it comes to deep-level mining, the local currency is presenting challenges. Mining Weekly reports in this edition of mining companies with deep assets going this way and that way to get rid of unprofitable outcomes.... 

THE STRONG HAND OF THE RAND:

HOLDING BACK THE WRECKING BALL:

By: Martin Creamer     2nd March 2018 Spirits are sky high following the strong hand new President Cyril Ramaphosa is playing to prevent the Mining Charter III wrecking ball from destroying the mining industry. True to his negotiation style, government, labour and business are back at the negotiating table. The hope now is that the... 

HOLDING BACK THE WRECKING BALL:
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