http://www.miningweekly.com

Global Mining News in real time

Diversified Miners News

Mining BEE ownership to be tested in court – Minister

By: Martin Creamer Government, organised mining and organised labour have agreed to work collaboratively to obtain a court ruling on the crucial issue of black economic-empowerment (BEE) ownership of mines, the only sticking point of Tuesday’s Mining Charter deadline. In an interim announcement on the outcome of... 

Kenmare, lenders agree to extend budget delivery date

Titanium minerals producer Kenmare Resources has extended the date for delivery of a budget to April 30. The company on Tuesday said its project lenders and banking firm Absa have made “substantial progress” towards agreeing the prinicipal terms of a further financing amendement for the company’s... 

Tax breakthrough at Rio Tinto's Mongolia copper mine – source

By: Reuters Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5-billion Oyu Tolgoi copper mine, according to an official familiar with the government's position. Disputes over costs and taxes have delayed an expansion of the mine that... 

Minerals Minister to announce mining charter audit outcomes

By: Martin Creamer South Africa’s Mineral Resources Minister Ngoako Ramatlhodi will on Tuesday brief the media on the outcomes of the audit to assess the extent to which mining companies have complied with the Mining Charter in the ten years to 2014. This follows the Minister making in clear last month that the... 

Minerals Minister to announce mining charter audit outcomes
Photo by Duane Daws
Ngoako Ramatlhodi

Mgojo transitioning to Exxaro CEO post as Nkosi begins exit process

By: Martin Creamer Mxolisi Mgojo, the executive responsible for carbon operations at the JSE-listed diversified mining company Exxaro Resources, has been appointed to serve as CEO-designate of the black-controlled company as part of a year-long exit process by incumbent CEO Sipho Nkosi, who will retire in March... 

Mgojo transitioning to Exxaro CEO post as Nkosi begins exit process
Photo by Duane Daws
Mxolisi Mgojo

Nedbank Capital appoints energy, metals unit head

By: Natalie Greve Banking group Nedbank Capital’s commodity finance division has announced the appointment of Anne-Marie Woolley as the new energy and metals unit head, which forms part of its global commodity finance division. London-based Woolley, who was formerly Standard Bank’s structured trade and commodity... 

Nedbank Capital appoints energy, metals unit head

WA remains Australia’s top resources destination

By: Esmarie Swanepoel More than half of Australia’s mining investment expenditure was invested into Western Australia during 2014, Mines and Petroleum Minister Bill Marmion announced on Monday. The value of Western Australia’s resources sector reached A$114-billion during the full year, eclipsing 2013’s value by... 

Eskom CEO's suspension challenge struck from roll 

By: Sapa Eskom CEO Tshediso Matona's challenge to his suspension was struck from the roll at the Labour Court in Johannesburg on Friday. "The application is struck from the roll," Judge Benita Whitcher said. 

Eskom CEO's suspension challenge struck from roll
Photo by Duane Daws
Eskom CEO Tshediso Matona

Merger will bolster camp service offering

By: Dylan Slater The merger between outsourcing company Tsebo Outsourcing Group and catering and hospitality services company Allterrain Services (ATS), is set to bolster the companies’ service offering to the mine site accommodation industry by combining their expertise and client base throughout Africa and abroad. 

Merger will bolster camp service offering
CLIVE SMITH Tsebo has been successful in securing some of Africa’s multinational, blue-chip brands, from financial services to the resources sector, as part of its customer base

Communication gap biggest hurdle when paying ex-miners compensation

By: Megan van Wyngaardt Efficient communication with migrant mineworkers in Southern Africa, regarding social security benefits, poses a significant challenge to the Southern Africa Trust (SAT) and the Southern Africa Miners’ Association (Sama), as former mineworkers had insufficient access to information on... 

DRC’s proposed new mining code a ‘grave risk’ - CoM

By: Natasha Odendaal The Democratic Republic of Congo’s (DRC’s) revamped mining code is likely to set the mining industry’s development back by at least ten years, DRC Chamber of Mines vice-chairperson and former Mines Minister Simon Tuma-Waku said on Thursday. The “new-look” proposed legislation, which was submitted... 

Eskom CEO challenges suspension in court 

By: Sapa Eskom questions why CEO Tshediso Matona's suspension should be lifted before the outcome of his case at the Commission for Conciliation, Mediation, and Arbitration (CCMA), the Labour Court in Johannesburg heard on Thursday. "... This is frustrating the work of the board to try and steady the... 

Eskom CEO challenges suspension in court
Photo by Duane Daws
Eskom CEO Tshediso Matona

Mineral sands miner, enviro activists in standoff over West Coast mine

By: Ilan Solomons ASX-listed mineral sands miner Mineral Commodities (MRC) has defended itself against allegations that its West Coast-based Tormin mine is negatively impacting the environment and community surrounding the operation. In a statement to the media, West Coast resident and community and environmental... 

Mineral sands miner, enviro activists in standoff over West Coast mine
Tormin mine site

Zambia's President signals aim to change mining royalties

By: Reuters Zambian President Edgar Lungu on Wednesday directed the finance and mining ministers to change royalties on mining firms by April 8, saying the copper-producer could consider temporarily reverting to the tax regime in 2014. The decision to increase royalties in January for open pit mines to 20%... 

Eskom chair not removed

By: Sapa Eskom board chairperson Zola Tsotsi has not been removed, the power utility said on Wednesday. Eskom media desk was responding to questions on a report that the four executives, suspended earlier this month, were not suspended because they initiated an audit of the parastatal's tender processes. 

Eskom chair not removed
Photo by Duane Daws
Eskom chairperson Zola Tsotsi

Eskom chairperson could be ousted by board

By: Reuters The board at Eskom will vote on Wednesday on whether to remove chairperson Zola Tsotsi, deepening a leadership crisis at the power utility as chronic power cuts hobble South Africa's economy. Minister of Public Enterprises Lynne Brown told parliament the power outages were costing the economy... 

Eskom chairperson could be ousted by board
Eskom chairperson Zola Tsotsi

Eskom's cash flow problem jeopardising renewal of contracts for 704 MW of capacity 

By: Terence Creamer The immediate cash flow constraints facing struggling South African power utility Eskom are threatening to jeopardise the renewal of several short-term power purchase agreements, which currently collectively contribute 704 MW to the supply-stressed grid. The Cabinet-backed war room has urged the... 

Eskom's cash flow problem jeopardising renewal of contracts for 704 MW of capacity
Photo by Duane Daws
Outgoing Eskom executive Steve Lennon

Power cuts cost S African economy up to $6.8bn a month

By: Reuters Electricity cuts by South Africa's ailing power utility Eskom cost the economy between $1.7-billion and $6.8-billion a month, according to a presentation by the Department of Public Enterprises to Parliament on Wednesday. "Load-shedding between stages one and three costs the economy anywhere... 

Power cuts cost S African economy up to $6.8bn a month

British Columbia recognises health and safety achievements of local mines

By: Henry Lazenby The Canadian province of British Columbia (BC) this week recognised several local mining operations for their health and safety achievements at the fifty-third yearly Mine Safety Awards banquet, in the provincial capital Victoria. The awards were presented to mines and quarries within the... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Premier advances flagship Zim tungsten project

By: Natalie Greve Aim-listed Premier African Minerals continues to make progress on the development of its 49%-owned RHA tungsten project, in Zimbabwe, with earthworks now 10% complete and the development of the openpit mining area on schedule. The company said in a statement on Tuesday that the openpit perimeter... 

Finance Minister concerned about Eskom suspensions

By: Reuters South Africa's Finance Minister Nhlanhla Nene said on Tuesday the temporary suspensions of key officials at the state-owned power utility Eskom was a concern, but the firm's financial stability was on course. Standard & Poor's (S&P) downgraded the struggling Eskom to junk last week, underlining... 

Finance Minister concerned about Eskom suspensions
Photo by Duane Daws
Finance Minister Nhlanhla Nene

Ninety-six mines operating without water licences, Minister reveals

By: Natalie Greve Water and Sanitation Minister Nomvula Mokonyane has revealed that 96 mines currently active in South Africa are operating without water use licences. “My department is aware of the current number of mines that are operating without water use licences and, [of these 96 operations], 40 water use... 

Ninety-six mines operating without water licences, Minister reveals

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Pallinghurst shares rise on triple performance in troubled times 

By: Martin Creamer The shares of diversified mining company Pallinghurst rose by more than 4% in Johannesburg on Monday after the company reported a rise on the performance of its platinum, manganese and coloured gemstones business units during troubled times. In the 12 months to December 31, the JSE-listed... 

Pallinghurst shares rise on triple performance in troubled times
Photo by Duane Daws
Arne Frandsen

Zijin Mining acquires 9.9% stake in Ivanhoe Mines

By: Megan van Wyngaardt TSX-listed miner Ivanhoe Mines has entered into a $82-million deal with Chinese Zijin Mining Group to boost the miner’s working capital and available funds for general corporate purposes, including the advancement of the company’s projects in Africa. Under the terms of the deal, the Chinese... 

Zijin Mining acquires 9.9% stake in Ivanhoe Mines
Photo by Duane Daws
Robert Friedland

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects

By: Henry Lazenby Despite its strong growth outlook, a critical shortage and chronic underinvestment in new base metals and other exploration projects in the medium term, could dent the world’s largest precious metals streaming firm Silver Wheaton’s ability to strike new streaming deals in the future. The silver-... 

Despite strong growth outlook, exploration underinvestment might dent Silver Wheaton portfolio growth prospects
Photo by Bloomberg
Silver Wheaton president and CEO Randy Smallwood.

ARM forced to close Machadodorp furnace on electricity prices

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about ARMs’ urgent request that government intervene seriously to establish Eskom as a competitive, cost-effective, reliable provider of electricity. 

ARM forced to close Machadodorp furnace on electricity prices

Still no word on mooted State-owned miner

By: Zandile Mavuso It has been almost a year since Mineral Resources Minister Ngoako Ramatlhodi indicated in his 2014 Budget Vote speech that the Department of Mineral Resources (DMR) would submit the State-owned Mining Company (Somco) Bill to Parliament for processing, but the mining industry and various other... 

Still no word on mooted State-owned miner

Effective CSR strategies becoming increasingly critical to project success

By: Henry Lazenby With the extractive industry these days being forced to look for viable projects in more far-flung regions, it often entails coming into contact with communities that have, in a sense, been forgotten or neglected by their own governments, potentially adding to project risk. But socioeconomic... 

Effective CSR strategies becoming increasingly critical to project success

Sentula secures R141m in additional funding

By: Natalie Greve Lender SBSA Consortium has agreed to refinance Sentula Mining’s senior debt facility in the amount of R141-million in separate tranches, the diversified mining company said on Thursday. Tranche A would entail the payment of R70-million, which would be payable in five consecutive instalments of... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.14Change: -0.15
R/$ = 12.05Change: -0.20
Au 1200.03 $/ozChange: -6.12
Pt 1139.50 $/ozChange: -16.00
 
Subscribe Now for $96
Subscribe Now for $96 Close