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CSR News

Resilient Lonmin delivers sturdy output, extracts cash from tailings

By: Martin Creamer     22nd January 2018 Embattled but resilient platinum company Lonmin, which is enthusiastically embracing the Sibanye-Stillwater’s offer made to it, did all its stakeholders proud in the fatality-free first quarter of its new financial year by putting in a sturdy operational performance that saw sales rise 9%,... 

Policy advocacy, tech innovation and fact-based talks key 2018 AME BC objectives

By: Henry Lazenby     22nd January 2018 Government policy advocacy and fostering genuine fact-based conversations among all stakeholders in the minerals exploration and mining industries are main priorities for the Association for Mineral Exploration British Columbia (AME BC) this year. "Government is increasingly getting more... 

Policy advocacy, tech innovation and fact-based talks key 2018 AME BC objectives
Photo by AME BC
AME BC President & CEO Edie Thome

Environment watchdog orders Barrick to close Chilean side of giant Pascua-Lama project

By: Henry Lazenby     19th January 2018 Chile's superintendent of the environment has ordered mining major Barrick Gold to close the Chilean side of the massive, but stalled Pascua-Lama gold/silver project straddling the border between Argentina and Chile. The Superintendencia del Medio Ambiente (SMA) announced a revised sanction on... 

Environment watchdog orders Barrick to close Chilean side of giant Pascua-Lama project

Up to ten midtier mineral deposits can still be discovered in South Africa – resources consultant

By: Mia Breytenbach     19th January 2018 There is no reason why South Africa cannot build an exploration and junior mining sector, says resources consultant Dr John Bristow, who notes that while the country has vestiges of this sector, it is hampered by regulatory policy, and a preoccupation with a “Sunset” mining industry. Speaking at... 

Up to ten midtier mineral deposits can still be discovered  in South Africa – resources consultant
Photo by Duane Daws
DR JOHN BRISTOW South Africa’s geological and minerals jewel box remains underexplored

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

Canadian miners welcome new federal business ethics ombudsman

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Rio Tinto receives offer for aluminium smelter

By: Martin Creamer     10th January 2018 Diversified mining company Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500-million. In accordance with French law, the London-listed company will launch a consultation process with employees, relevant... 

Rio Tinto receives offer for aluminium smelter
Rio Tinto Aluminium CE Alf Barrios

IEB achieves 98.76% matric pass rate

By: African News Agency      3rd January 2018 The Independent Examination Board (IEB) has announced an increase in the pass rate in last year’s National Senior Certificate (NSC) matric examinations to 98.76%, from 98.67% in 2016. There were 11 464 full-time and 666 part-time candidates across South Africa. This is also an increase from 2016... 

IEB achieves 98.76% matric pass rate

Two miners die at Golden Star’s Prestea mine, Ghana

By: Henry Lazenby     3rd January 2018 The TSX-listed equity of Africa-focused miner Golden Star Resources shed as much as 10% on Tuesday, following a company announcement that two miners have died on December 29 at its Prestea Underground mine, in Ghana. The Toronto-headquartered company, which also has listings on the Ghana Stock... 

Retrenched Gupta mine employees fail to receive pay

By: Martin Creamer     22nd December 2017 Forty-four people retrenched from the Shiva Uranium Mine in North West belonging to the Gupta company Oakbay have failed to receive expected December pay that formed part of an agreed retrenchment package, Democratic Alliance (DA) councillor Maritha Coetzee told Mining Weekly Online on Friday.... 

Retrenched Gupta mine employees fail to receive pay

Northern Dynasty ready to file application for Pebble’s US CWA 404 permit

By: Henry Lazenby     21st December 2017 Canadian project promoter Northern Dynasty Minerals announced on Thursday that its US-based subsidiary Pebble Limited Partnership (PLP) is ready to file an application for a US Clean Water Act (CWA) 404 permit with the US Army Corps of Engineers on Friday. “At the outset of 2017, we established... 

Northern Dynasty ready to file application for Pebble’s US CWA 404 permit

Philippines miners adopt Canadian mining sustainability principles

By: Henry Lazenby     20th December 2017 The Chamber of Mines of the Philippines (COMP) has announced that it will adopt a mining sustainability standard developed by the Mining Association of Canada, called the Towards Sustainable Mining (TSM) initiative. The announcement made the Philippines the first Southeast Asian nation to adopt... 

Rio recalibrating understanding of Africa, working on Africa strategy 

By: Martin Creamer     19th December 2017 Diversified mining company Rio Tinto is recalibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company, which has the Rössing Uranium Mine in Namibia, Richards Bay Minerals (RBM) in South... 

Rio recalibrating understanding of Africa, working on Africa strategy
Rio Tinto VP Corporate Relations Africa Lawrence Dechambenoit talks to Mining Weekly Online’s Martin Creamer on Rio Tinto’s activities in South Africa and Africa. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel de Silva

AMCU laments ‘lack of consultation’ over Sibanye-Stillwater’s acquisition of Lonmin 

By: Dylan Slater     15th December 2017 Trade union, the Association of Mineworkers and Construction Union (AMCU) has taken issue with the proposed all-share buyout of platinum miner Lonmin by Sibanye-Stillwater 

Fast-paced developments at Prieska benefit all stakeholders

By: Robyn Wilkinson     15th December 2017 Australian minerals explorer Orion Minerals’ activity at the Prieska zinc/copper mine present an “unparalleled” value creation opportunity for investors and shareholders while promoting and supporting critical socioeconomic development in the Northern Cape, says Orion Minerals MD Errol Smart.  

Fast-paced developments at Prieska benefit all stakeholders
PROJECT ADVANCES Sixteen drill rigs are operating on site in a dual-focused drill programme that aims to confirm the extensive historical drilling database on the remaining mineralisation at Prieska

Diamonds body calls for ‘productive dialogue’ on Kimberley Process reform

By: Mia Breytenbach     15th December 2017 The World Diamond Council (WDC) has called for an open discussion about the Kimberley Process (KP) reform, highlighting three key areas in need of reform to ensure its continued success. These include broadening the scope of the KP as the debate on the expansion of the definition of conflict... 

Diamonds body calls for ‘productive dialogue’  on Kimberley Process reform
Photo by Bloomberg
EVOLUTION NEED Much remains to be done to evolve the efficiency of decision-making within the Kimberley Process

Small- and medium-scale operations punted as ‘the future’ of mining

By: Mia Breytenbach     15th December 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

Small- and medium-scale operations punted as  ‘the future’ of mining
CLUSTERED AND FORMALISED Small operations could be clustered together geographically and assigned an engineer, a geologist and a health and safety officer to ensure safe operations

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Environmental permit bodes well for project financing

8th December 2017 Iron-ore explorer and developer Zanaga Iron Ore Company (ZIOC) expects the environmental permit for its iron-ore project from the Republic of Congo’s ministry of environment to help attract finance to enable the valuable resource to be brought into production. A joint venture with natural... 

South Africa urged to go back to basics to avoid mining’s demise

By: Mia Breytenbach     8th December 2017 For South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa. These... 

South Africa urged to go back to basics to avoid mining’s demise
PROFESSOR FRED CAWOOD South Africa should embrace mining

Harmony Gold spells out value of Moab investment

By: Martin Creamer     6th December 2017 The acquisition of the Moab Khotsong gold mine represents a significant list of advantages for Harmony Gold, the company outlined in an investor brief on Wednesday. The Johannesburg Stock Exchange-listed gold mining company calculates that inclusion of the Moab Khotsong operations the company... 

Harmony Gold spells out value of Moab investment
Photo by Duane Daws
Harmony Gold CEO Peter Steenkamp

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

By: Henry Lazenby     1st December 2017 Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle's profits can outpace its peers. Cobalt, a critical ‘energy... 

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

Small-scale mining has big future but requires formalisation, planning

By: Mia Breytenbach     29th November 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

Small-scale mining has big future but requires formalisation, planning

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

IDC outlines actions for mining industry to inch closer to success

By: Mia Breytenbach     28th November 2017 While the Toronto Declaration-based standards for the mining industry, adopted by the International Council of Metals and Mining, are broadly accepted as encompassing mines’ social licence to operate, only an “arrogant or stupid person” would argue that all relevant standards have been met, says... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

By: Henry Lazenby     28th November 2017 Four nongovernmental organisations (NGOs) have filed a federal lawsuit in the US District Court seeking declaratory and injunctive relief against the US Forest Service for issuing Canadian miner Hudbay Minerals’ Rosemont copper project, in Arizona, a positive ‘record of decision’ (RoD) in June.... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

De Beers’ Voorspoed diamond mine on market

By: Martin Creamer     27th November 2017 The decision of diamond giant De Beers to place its Voorspoed diamond mine on the market opens the way for a lower-cost operator to buy the mine and potentially extend its life, the company said on Monday, when it invited expressions of interest from prospective buyers and appointed Standard Bank... 

De Beers’ Voorspoed diamond mine on market
Voorspoed Diamond Mine in Kroonstad, Free State.

Charter focuses on jobs, economic and social benefits for the Pilbara

By: Creamer Media Reporter      26th November 2017 The Western Australian resources industry has committed to work with the state government to provide increased social and economic benefits to communities in the Pilbara. The Pilbara Collaboration Charter was signed on Friday by Premier Mark McGowan, Chamber of Minerals and Energy (CME) Reg... 

Consulting industry evolves despite current challenges

By: Marleny Arnoldi     24th November 2017 As mines have reduced their in-house technical capacity to deal with cost constraints in the economic downturn, the role of consulting engineers in the mining industry has evolved in the past decade, with their specialist skills being applied more broadly, says firm of consulting engineers and... 

Consulting industry evolves despite current challenges
VIS REDDY The involvement of consultants in operational work on mines tends to detract from the more specialised focus that consultants should have

Torex sets El Limon Guajes record straight as rival unions clash

By: Henry Lazenby     22nd November 2017 Canadian gold producer Torex Gold Resources has issued a press release criticising a labour union and the media for spreading misinformation regarding an incident over the weekend where two people were killed near its El Limon Guajes (ELG) mine, in Mexico. The Toronto-based company said that an... 

Mining contributes A$55bn to Qld economy in 2016/17

By: Mia Breytenbach     21st November 2017 The resources sector continues to drive employment and investment in Queensland, having contributed A$55.1-billion to the state’s economy in 2016/17 and supported the equivalent of 282 633 full-time jobs. This is according to the Queensland Resources Council’s (QRC’s) eighth yearly economic... 

Exxaro eases BEE scheme replacement concerns

By: Natasha Odendaal     20th November 2017 Diversified miner Exxaro Resources on Monday moved to ease shareholder concerns over its new replacement black economic empowerment (BEE) scheme that will ultimately hold a 30% stake in the JSE-listed firm. Shareholders had queried the ultimate controller of K2016475450 (BEE SPV), the special... 

Glencore CFO to assist Katanga in strengthening its corporate governance

By: Natasha Odendaal     20th November 2017 JSE- and LSE-listed Glencore has nominated three directors, including its CFO Steve Kalmin, to serve on the board of subsidiary company, TSX-listed Katanga Mining. The three directors will work with Katanga’s independent directors to implement the required remediation measures to strengthen... 

Glencore CFO to assist Katanga in strengthening its corporate governance
Glencore CFO Steve Kalmin

Need for collaboration in CSR initiatives emphasised

By: Mia Breytenbach     17th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

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