R/€ = 15.86 Change: 0.03
R/$ = 14.00 Change: 0.03
Au 1327.20 $/oz Change: 0.92
Pt 841.00 $/oz Change: 10.84

CSR News

Illegal labour unrest halts Centamin’s Sukari

By: Natasha Odendaal     6th March 2012 Egyptian miner Centamin on Tuesday temporarily halted operations at its Sukari gold mine, in Egypt, following illegal labour unrest. The TSX- and LSE-listed miner pointed to a breakdown during ongoing discussions – about general salary increases and other benefits – between the miner and some of... 

Rio Tinto sets date for UK aluminium smelter closure

By: Natasha Odendaal     6th March 2012 Diversified major Rio Tinto announced on Tuesday that it would close its Lynemouth aluminium smelter, in the UK, at the end of March, resulting in hundreds of job losses. The smelter, which opened in 1972, was declared unsustainable last year owing to significant energy cost increases attributed... 

Exxaro, Tata move power JV forward

By: Natasha Odendaal     5th March 2012 South African diversified resources company Exxaro and India-based power utility Tata Power Company, through its subsidiary Khopoli Investments, are expected to launch a 50:50 joint venture (JV) energy company next month. The initial project pipeline of Cennergi, which will be based in South... 

Zimbabwe partially rejects Mimosa indigenisation plan

By: Natasha Odendaal     24th February 2012 Platinum miners Impala Platinum (Implats) and Aquarius Platinum said on Friday that Zimbabwe had rejected a portion of the indigenisation plan for the Mimosa mine, which they jointly own. Implats said it would negotiate with Youth Development, Indigenisation and Empowerment Minister Saviour... 

Fraser Institute poll names New Brunswick most attractive mining jurisdiction

By: Matthew Hill     23rd February 2012 New Brunswick has snatched the title as the most attractive jurisdiction to explore for minerals and build mines in the Fraser Institute’s yearly survey, jumping from last year’s position of twenty-third to beat Alberta. Of the 93 jurisdictions the survey covered, Finland, Alberta, Wyoming,... 

Xstrata injects R19.5m into engineering research, study centre

By: Henry Lazenby     22nd February 2012 Diversified miner Xstrata has given R19.5-million for engineering research and the construction of an engineering study centre at the University of Pretoria (UP). Some R12-million would be immediately available for the construction of the centre at the Engineering, Built Environment and... 

Northern Dynasty sees consortium of majors developing Pebble as permitting approaches 

By: Matthew Hill     18th February 2012 The massive, and equally controversial, Pebble project in Alaska will most likely be developed by a consortium of major mining firms, a spokesperson for Northern Dynasty, the 50% owner, said this week. The TSX-listed company, which has Rio Tinto as a near-19% stake, has been keeping potential... 

Miners should focus on community empowerment as nationalism tide rises 

By: Jean McKenzie     9th February 2012 The mining industry should do more to implement sustainable practices and empower local communities, as resource nationalism is evolving into a “tidal wave that threatened" mining, Gold Fields chairperson Dr Mamphela Ramphele said on Thursday. “Every week there are new proposals on mining taxes,... 

Sustainable development takes centre stage at indaba

By: Idéle Esterhuizen     27th January 2012 Devising a successful business strategy by addressing the environmental and social challenges faced by mining companies will be one of the main focus points for this year’s Investing in African Mining Indaba’s sustainable development segment. 

Implats says 15% of rock drill operators back at work

By: Natasha Odendaal     26th January 2012 Only 15% of the 5 000 rock drill operators who where participating in an illegal strike over salary grievances at Impala Platinum’s (Implats’) Rustenburg operations had reapplied for their jobs by Thursday afternoon. Implats fired the employees on Wednesday and, as part of an agreement with the... 

Fatality at Two Rivers platinum mine

By: Natasha Odendaal     23rd January 2012 African Rainbow Minerals has reported a fatality at the Two Rivers platinum mine, a joint venture with Impala Platinum. Operations were halted at the mine on Saturday to allow for the re-evaluation of safety procedures after an employee was fatally injured during a fall-of-ground accident, the... 

Kolomela mine gears up for production, invests in community

By: Nomvelo Buthelezi     20th January 2012 This year will usher in the opening of the Kolomela Mine, Anglo American company Kumba Iron Ore’s R8.5-billion development near Postmasburg, in the Northern Cape, which is set to produce nine-million tons of iron ore a year over 28 years.  

EIA submitted for Namibia marine phosphates project 

By: Natasha Odendaal     13th January 2012 ASX- and TSX-listed Minemakers has submitted a draft environmental-impact assessment (EIA) and draft environmental management plan (EMP) for the marine component of its proposed Sandpiper phosphate project, in Namibia. The report, lodged with the Namibian Ministries of Mines and Energy and... 

KZN provincial govt rejects Fairbreeze mine basic assessment report

By: Natasha Odendaal     16th December 2011 Diversified miner Exxaro’s KZN Sands is expecting to release an amended basic assessment report (BAR) for comment for its proposed Fairbreeze mine, in the Mtunzini area, near Richards Bay, in January. 

Fuel cells provide clean power, cut carbon, sustain jobs

By: Martin Creamer     16th December 2011 Hydrogen fuel cells using platinum catalysts are efficient, versatile and scaleable and represent a proven technology that bestows clean, reliable and cost-effective power.  

Caledonia committed to indigenisation talks

By: Natasha Odendaal     13th December 2011 Toronto- and London-listed Caledonia Mining is hoping to reach a mutually agreeable indigenisation implementation plan for its Blanket mine, in Zimbabwe. The gold miner said, on Tuesday, it remained committed to the ongoing indigenisation negotiations with the Zimbabwe government, despite... 

BHP unveils new energy coal BEE deal in South Africa

By: Henry Lazenby     13th December 2011 Mining major BHP Billiton has entered into an empowerment transaction with a consortium led by the Pembani Group, effectively giving it an 8% stake in its South African energy coal unit, known as Becsa. Pembani, formerly Worldwide African Investment Holdings, is an investment company with... 

Central Rand Gold's licence cancellation appeal unopposed

By: Natasha Odendaal     12th December 2011 Mineral Resources Minister Susan Shabangu will not oppose Central Rand Gold’s (CRG’s) application for final relief to review and set aside the decision to cancel its mining rights. Mining licence cancellation papers were served on the Johannesburg- and London-listed company in September, for... 

Resgen secures water for Stage 2 of Limpopo mine

By: Henry Lazenby     9th December 2011 Coal junior Resource Generation (ResGen) has secured the water supply for developing the second phase of its Boikarabelo coal mine in Limpopo, the ASX- and JSE-listed junior the reported on Friday. The contract with the Lephalale local municipality (LLM) stipulated that ResGen must construct,... 

Carbon tax will have a huge impact on mining operations

By: Natasha Odendaal     9th December 2011 The introduction of a carbon tax in South Africa will have a significant impact on mining operations, particularly as operational costs are rising every year. “Companies are dealing with three significant factors in energy policies, namely, the cost of electricity, sufficient electricity supply... 

Anglo American launches entrepreneurial internships

By: Henry Lazenby     7th December 2011 Four to six aspiring entrepreneurs would be given an opportunity to take part in mining major Anglo American’s new Entrepreneur Internship Programme (EIP) in South Africa, the company said on Wednesday. The programme is intended to support economic growth. Entrepreneurs would be provided the... 

Peru detains leaders of protests over Newmont mine

By: Reuters     7th December 2011 Peru's counterterrorism police on Tuesday detained two leaders of protests that have stalled Newmont Mining's $4.8-billion Conga gold mine project, in a widening crackdown by President Ollanta Humala. Wilfredo Saavedra, the leader of the Environment Defense Front of Cajamaraca, and Milton... 

Miners forced to embrace more flexible planning strategies

By: Henry Lazenby     1st December 2011 Mining companies are being forced to incorporate more complex scenarios into their strategic planning as some elements of the industry are in constant change, a report highlighted on Thursday. Deloitte Touche Tohmatsu Limited (DTTL) global mining lead Philip Hopwood said executives had to look... 

Amplats to build 20 000 houses for employees 

By: Henry Lazenby     29th November 2011 South African miner Anglo American Platinum (Amplats) will spend R1.4-billion on building 20 000 new houses for its employees in the North West and Limpopo provinces. The miner plans to build 12 000 houses in the North West and 8 000 in Limpopo as part of the ‘Each-One-Settle-One’ campaign... 

Exxaro takes in rehabilitation lessons from Hillendale as mines closure nears

By: Natasha Odendaal     25th November 2011 The rehabilitation of diversified miner Exxaro’s KZN Sands mineral sands mine near Richards Bay is progressing as the mine prepares for closure in 2012. 

Anglo adds green string to enterprise-development bow

By: Jessica Hannah     25th November 2011 Collaboration is key to solving the big challenges being faced world wide at the moment, said Anglo American Zimele chief investment manager Dr Lia Vangelatos at the launch of the Zimele Green Fund last week.  

CoAL and NGO coalition bury the hatchet

By: Natasha Odendaal     24th November 2011 Emerging coal miner Coal of Africa Limited (CoAL) and the Save Mapungubwe Coalition, which has hitherto been challenging the Vele opencast mine development, in Limpopo, on Thursday agreed to work together. The parties signed a memorandum of understanding (MoU) agreeing to strengthen cooperation... 

SA urged to monitor impact of mining on water resources

By: Natasha Odendaal     23rd November 2011 The World Wide Fund for Nature South Africa (WWF-SA) has urged government to monitor and better manage the impact of mining on the country’s water, soil and biodiversity resources. In its latest report, WWF-SA pointed out that South Africa’s heavy dependence on coal for electricity had a... 

Mining sector has major role to play in SA’s transformation – Samda

By: Jessica Hannah     18th November 2011 The mining industry needed to play a major role in the transformation agenda in South Africa, said South African Mining Development Association (Samda) chairperson Peter Temane, at the Transformation Indaba 2011 in Centurion, in early November.  

Royal Bafokeng Platinum launches enterprise development pilot project

By: Jessica Hannah     18th November 2011 Black-owned and controlled, mid-tier platinum group metals producer Royal Bafokeng Platinum (RBPlat) is proud to be a part of the enterprise development pilot project run by outsourcing company Micro Enterprise Development Organisation (Medo), which was launched at the end of last month, said... 

Exxaro to apply Hillendale lessons at new KZN mine

By: Natasha Odendaal     17th November 2011 Diversified miner Exxaro believes that the lessons it has learnt in rehabilitating its KZN Sands mineral sands mine, also known as Hillendale, near Richards Bay, in KwaZulu-Natal, would assist in the rehabilitation of its proposed replacement mine. 

Taseko takes New Prosperity adversaries to court

By: Matthew Hill     15th November 2011 The clash between Taseko Mines and First Nations groups seeking to stop it from building a the New Prosperity copper-gold mine in British Columbia, boiled over into the courts this week, with both sides seeking injunctions against the other. Taseko said in a statement late on Monday that it was... 

Anglo launches R100m ‘green’ development fund

By: Jessica Hannah     14th November 2011 Anglo Zimele, the enterprise development arm of mining giant Anglo American, on Monday launched a R100-million ‘green’ investment fund in Johannesburg. The fund would target investment opportunities that mitigate carbon, reduce energy and water consumption, as well as improve waste and emissions... 

‘I’m no watchdog’ – Canada’s CSR Counsellor

By: Matthew Hill     9th November 2011 Responding to media reports calling it “toothless” and a “bogus PR job”, Canada’s Corporate Social Responsibility (CSR) Counsellor for the extractive sector said on Tuesday said its mandate is not to be a watchdog. In a statement that Counsellor Marketa Evans' office issued, the government body... 

Changing lives in Zambia

4th November 2011 Mining equipment supplier Sandvik Mining and Construction (SMC) Zambia is expanding its corporate social responsibility (CSR) initiatives to include financial counselling. 

KwaZulu-Natal varsity helping spark interest in science subjects among learners

By: Jessica Hannah     4th November 2011 The University of Zululand (UniZul) Science Centre, in Richards Bay, has inspired generations of children to take an interest in maths, science and engineering for the past 25 years.  

SA needs to debate money source for next 100 years of mining – Godsell  

By: Martin Creamer     1st November 2011 South Africa needs to ask itself how it will mobilise the money to pay for the next 100 years of mining, says Business Leadership South Africa chairperson Bobby Godsell. He was speaking during discussion time at the fifth of six AngloGold Ashanti/Motjoli Resources’ Mining for Change seminars,... 

De Beers targets 5 000 non-mining Namaqua jobs

By: Martin Creamer     27th October 2011 Diamond miner De Beers is going all out to create 5 000 non-mining jobs in the Namaqualand diamond mines area in the next five years, while it passes the Namaqua diamond-mining baton on to JSE-listed Trans Hex. De Beers Northern Cape Heritage GM Christie Pisane, who spoke to a visiting media... 

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