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CSR News

Randgold hoists dividend 900% in ten years

By: Martin Creamer     28th March 2017 Gold mining company Randgold Resources on Tuesday reaffirmed its intention to increase its final dividend for the year ended December 31, 2016. Since its first dividend in its 2006 financial year, the yearly dividends have increased by 900% over the ten-year period. 

Greater demand for credible, local testing spurs growth

By: Johane Turkstra     24th March 2017 Local environmental laboratory X-Lab Earth Science plans to expand its support for air-quality testing companies servicing the mining and minerals industry as demand grows for accredited data analysis in this sector. X-Lab MD Quentin Hurt attributes the increasing demand for its services to... 

Greater demand for credible, local testing spurs growth
INTEREST GROWING There has been a substantial interest in air quality testing as there have been numerous high-profile issues that have developed around South Africa

More focus needed on ESG factors

By: Johane Turkstra     24th March 2017 Mining companies operating globally need to pay greater attention to their social licence to operate in terms of the environmental, social and governance (ESG) factors associated with their projects, says mining industry consultant MSA principal environmental consultant Robin Bolton.... 

More focus needed  on ESG factors
Photo by Bloomberg
EFFECTIVE MANAGEMENT Environmental, social and governance factors have immense influence on risk management for operations of any size

‘Barometer’ provides assessment of mineral resources industry transparency

By: Ilan Solomons     24th March 2017 Governments are challenged with creating new approaches to governance that enable them to better exploit the developmental potential provided by mineral resources. It is therefore imperative that countries establish regulatory frameworks and State capacity to ensure that mining activities are... 

‘Barometer’ provides assessment of mineral resources industry transparency
Photo by Duane Daws
FOUNDATION AND ENFORCEMENT MECHANISMS Establishment of regulatory frameworks and State capacity is needed to ensure mining is compatible with efforts to promote inclusive and sustainable development

‘Women, local communities must play greater role in mining’

By: Ilan Solomons     24th March 2017 Women must be encouraged and supported to play a greater role in Africa’s mining industries, states Zambian Mines, Energy and Water Development Minister Christopher Yaluma. The Minister, who was speaking at the Alternative Mining Indaba in Cape Town, last month, said that one of the greatest... 

‘Women, local  communities must play greater role in mining’
CHRISTOPHER YALUMA One of the greatest constraints women face in entering into the mining industry is in securing financing

IDC to support R&D of low-energy technology 

     23rd March 2017 The State-owned Industrial Development Corporation is fiercely supporting technologies that will enable South Africa to beneficiate more effectively and has set its sights on the research and development of low-energy technology. Mining Weekly editor Martin Creamer speaks to Creamer Media's... 

IDC to support R&D of low-energy technology
IDC to support R&D of low-energy technology

Oliphant visits various Amplats-led SLP projects in Rustenburg

By: Ilan Solomons     17th March 2017 Platinum miner Anglo American Platinum (Amplats) on Friday hosted Deputy Mineral Resources Minister Godfrey Oliphant at the official handover ceremony of a number of the company’s social and labour plan (SLP) projects in Rustenburg, in the North West. The projects included the official opening of... 

Oliphant visits various Amplats-led SLP projects in Rustenburg
Amplats chairperson Mohammed Valli Moosa and Mineral Resources Deputy Minister Godfrey Oliphant visiting Photsaneng Primary School computer centre

Vedanta already turning Anglo’s discarded zinc assets to account 

By: Martin Creamer     17th March 2017 Diversified mining company Vedanta, which is being associated with the acquisition of 13% of the equity of Anglo American by Volcan Investments because of the link both these entities have with Indian billionaire Anil Agarwal, has done well with the South African assets it acquired from Anglo... 

Vedanta already turning Anglo’s discarded zinc assets to account
Flashback video: Vedanta's Zinc International CEO Deshnee Naidoo updates Mining Weekly Online’s Martin Creamer on the Gamsberg zinc project. Video and Video Editing: Nicholas Boyd.

Local procurement targets achieved in 2016

     17th March 2017 Heavy mineral sands extraction and refining company Richards Bay Minerals (RBM) awarded contracts to 12 local community enterprises and five joint ventures (JVs) in 2016, continuing its journey of empowering local businesses. Demonstrating that it is serious about local community empowerment, the... 

Mineral sands merger to facilitate next phase of growth

     17th March 2017 The merger between mineral sands resources companies Sierra Rutile and Iluka demonstrates that Sierra Leone is open for business and able to attract investment from high-profile multinational companies that are keen to participate in the development and growth of the country, says former Sierra... 

Mineral sands merger to facilitate next  phase of growth
PROGRESSING OPERATIONS Iluka expects to invest about $60-million over the next two years to expand on recent improvements to Sierra Rutile’s operations

Take community engagement seriously, ARM’s Motsepe advises 

By: Martin Creamer     16th March 2017 The South African mining industry must take community engagement extremely seriously to prevent this country’s global competitiveness from being negatively impacted, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe urged on Thursday. Speaking at question time after ARM... 

Take community engagement seriously, ARM’s Motsepe advises
Mining Weekly Online’s Martin Creamer on African Rainbow Minerals executive chairperson Patrice Motsepe’s presentation of interim results. Video and Video Editing: Nicholas Boyd.

Silver Wheaton remains a unique offering in uncertain times 

By: Henry Lazenby     13th March 2017 As the tide turns in the resource investment space, a renewed focus on project development sees many juniors looking for cash to fund their project development goals. The world’s largest precious metals streaming firm Silver Wheaton believes it has the answer for the right junior firms: its early... 

Silver Wheaton remains a unique offering in uncertain times
Silver Wheaton president and CEO Randy Smallwood discusses the company's strategy for acquiring metal streams. Video: Henry Lazenby; Editing: Lionel da Silva.

A catalyst for innovation, Goldcorp pushes the envelope on technological advances

By: Henry Lazenby     11th March 2017 Canadian gold major Goldcorp is acting as a catalyst to bring innovation into the mining industry, an industry traditionally loathe to adopt new technologies that could ultimately improve the bottom line. As exemplified in its leading role in sponsoring the #DisruptMining competition during the... 

A catalyst for innovation, Goldcorp pushes the envelope on technological advances
Photo by Goldcorp
Goldcorp’s existing policies promote diversity in the work place

Form partnerships and seek community acceptance, mines urged

By: Ilan Solomons     10th March 2017 Forming partnerships and social acceptance by communities are the two key factors miners need to ensure to promote sustainability in the mining industry, says University of Cape Town Department of Chemical Engineering Minerals to Metals Initiative chief research officer Professor Jennifer... 

Form partnerships and seek community acceptance, mines urged
PERCEPTION PROBLEMS Anti-mining lobbyists argue that mining companies purposefully divide communities and 'corrupt' their leaders to ensure that mining projects receive local endorsement

Krugerrand’s value highlighted on fiftieth anniversary

By: Robyn Wilkinson     10th March 2017 This year marks the fiftieth anniversary of the Krugerrand and precious metals refining and smelting complex Rand Refinery will be celebrating South Africa’s own gold investment coin by highlighting its value to the South African domestic market. 

Krugerrand’s value highlighted on  fiftieth anniversary
Photo by Duane Daws
MILLIONS MADE More than 60-million Krugerrands have been sold since the coin's launch in 1967

Partnership benefits miner, Ghanaians

By: Robyn Wilkinson     10th March 2017 Canadian gold explorer Asante Gold has offered Ghanaian communities employment opportunities and the restoration of agricultural land in exchange for their support of its Keyhole gold project’s drilling programme, aimed at identifying a high-grade underground mineable gold deposit. The first... 

Partnership benefits miner, Ghanaians
DOUGLAS MACQUARRIE Mining and agriculture can be mutually sustainable if there is a will and a plan

Tech metals supply lagging demand as electric car production increases

By: David Oliveira     10th March 2017 The burgeoning lithium-ion battery market, the result of increased demand for and production of electric vehicles (EVs), among other end-uses, is making it increasingly difficult for producers of tech metals, such as lithium and cobalt, to keep pace with the demand from technology developers.... 

Tech metals supply lagging demand as electric car production increases

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

In world first, MAC members commit to voluntary principles on security and human rights

By: Henry Lazenby     3rd March 2017 Members of the Mining Association of Canada (MAC) on Thursday committed to implementing the Voluntary Principles on Security and Human Rights (VPs) – a world first for a mining association. The VPs were created in 2000 to help extractive sector companies balance the obligation to respect human... 

Amplats chrome plant contractor looks to local community first for skills

By: Dylan Slater     3rd March 2017 Local skills and expertise played a key role in helping to develop a marginalised community during the development and construction of platinum miner Anglo American Platinum’s (Amplats’) new chrome recovery plant, according to project engineering, procurement and construction company Logiman.  

Amplats chrome plant contractor looks to local community first for skills
Photo by Duane Daws
CHROME RECOVERY PLANT Design and construction of Amplats’ new chrome recovery plant involved extensive input from the local community

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Water resources under increasing pressure, bad news for mining

By: Simone Liedtke     3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. 

Water resources under increasing pressure,  bad news for mining
CLEMENCE MCNULTY Water is becoming a critical constraint to mine and socioeconomic development

New minerals head appointment sets cat among mining pigeons 

By: Martin Creamer     2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... 

New minerals head appointment sets cat among mining pigeons
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana

Cabinet discusses new minerals director-general, mine water and mine town steps

By: Martin Creamer     2nd March 2017 The Cabinet this week endorsed the appointment of Advocate Thabo S Mokoena as the new director-general of the Department of Mineral Resources (DMR), a position that has been vacant for more than a year, and also approved the gazetting of a draft mine water management policy for public comment, as... 

Cabinet discusses new minerals director-general, mine water and mine town steps
Eastern Basin acid mine drainage plant in Springs

Muskowekwan First Nation inks tripartite accord with Encanto, government

By: Henry Lazenby     1st March 2017 The Muskowekwan First Nation of Saskatchewan has signed an agreement with junior project developer Encanto Potash, as well as the provincial and federal governments, that will pave the way for the construction of Encanto's proposed potash mine on the reserve located northeast of Regina. The... 

Renewables gaining traction

By: Tasneem Bulbulia     24th February 2017 Off-grid mines present one of the biggest business opportunities in renewable-energy solutions for mining companies, says engineering professional services consulting firm WSP | Parsons Brinckerhoff director of transmission, distribution and power Dinesh Buldoo. The mining sector is one of the... 

Renewables gaining traction
DINESH BULDOO Off-grid mines present one of the biggest business opportunities in renewable-energy solutions for mining companies

Analysts acclaim Glencore’s performance as good fundamentals return

By: Martin Creamer     23rd February 2017 Commodity market fundamentals are improving against a backdrop of better than expected demand and limited, if any, inventory build through the trough of the cycle, diversified mining and marketing company Glencore said on Thursday. This comes against the background of the London-, Hong Kong- and... 

Analysts acclaim Glencore’s performance as good fundamentals return
Glencore CEO Ivan Glasenberg

BC confirms mineral exploration tax credits in 5th balanced budget

By: Henry Lazenby     22nd February 2017 The British Columbia provincial government on Tuesday unveiled its fifth consecutive budget in the black, confirming critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark. The 2017/18 budget, which is expected to run a C$295-million... 

BC confirms mineral exploration tax credits in 5th balanced budget
Photo by Geoscience BC
The British Columbia provincial government has confirmed critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Critical minerals project awaits funding for construction

By: Simone Liedtke     17th February 2017 With cobalt trading above $17/lb and trending higher toward longer-term averages, project developer Fortune Minerals saw this as an opportune time to secure the project financing needed to build its Nico project, in Canada. 

Critical minerals  project awaits funding for construction
COBALT SULPHATE Cobalt-based lithium-ion battery chemistries deliver superior energy density for power and performance

DRDGold spends R26m in six months on environmental restoration  

By: Martin Creamer     15th February 2017 Johannesburg is probably one of the world’s best examples of unintended sustainable development, where almost accidentally the mining economy has been fully replaced by another larger economy. This is because mining took place for long enough to allow for the emergence of services industries such... 

DRDGold spends R26m in six months on environmental restoration
Mining Weekly Online’s Martin Creamer talks to DRDGold CEO Niël Pretorius on the company’s R26-million expenditure on environmental restoration. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

Botswana chamber adopts Canada’s sustainable mining programme

By: Henry Lazenby     14th February 2017 The Botswana Chamber of Mines (BCM) has announced that it will adopt the Towards Sustainable Mining (TSM) initiative, a corporate social responsibility programme developed by the Mining Association of Canada (MAC) to improve environmental and social practices in the mining industry. This is first... 

Botswana chamber adopts Canada’s sustainable mining programme

Glencore’s DRC copper top-up wins analyst cheer

By: Martin Creamer     14th February 2017 Diversified mining and marketing company Glencore has bought the remaining 31% stake in Mutanda Mining for $922-million and a further 10.25% stake in Katanga Mining for $38-million from Dan Gertler’s Fleurette Group, the company’s joint venture partner. The all-cash transaction will result in... 

Glencore’s DRC copper top-up wins analyst cheer
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

New Bill on way to boost State involvement in mining

By: Martin Creamer     10th February 2017 A new Bill is to be presented to the South African Parliament to strengthen the State’s role in the industry, currently dogged by legislative, regulatory and administrative tensions between government, business and labour. The Mining Company of South Africa Bill will be presented to Cabinet and... 

New Bill on way to boost State involvement in mining
President Jacob Zuma

Call to review charter’s proposed home ownership model

By: Sascha Solomons     10th February 2017 Corporate monitoring organisation Bench Marks Foundation has long proposed that all platinum producers in South Africa, which promote private home ownership in line with the proposed Mining Charter, review this model, says executive director John Capel. He says the organisation’s surveys have... 

Producer does part to fight abuse of children in artisanal mining

     10th February 2017 Natural resources provider Eurasian Resources Group (ERG) has partnered with international foundation Good Shepherd Sisters to fund its Bon Pasteur Alternative Livelihood programme, which aims to help break the cycle of violence and abuse endured by children in artisanal mining communities in the... 

Producer does part to  fight abuse of children  in artisanal mining
Photo by Loes Schalekamp
FIGHTING CHILD LABOUR The Good Shepherd organisation is particularly focused on supporting children who work in artisinal mines and are involved in the worst forms of child labour
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