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Champion of local PGMs exchange cites vested interests, lack of understanding as key impediments to its establishment

By: Ilan Solomons As more than 80% of the world’s known platinum group metals (PGMs) reserves are situated in South Africa, it is imperative that a PGMs exchange be established locally to ensure that the country receives maximum benefit from its mineral wealth, avers investment company Pan-African Investments &... 

Champion of local PGMs exchange cites vested interests,  lack of understanding as key impediments to its establishment

Eskom targeting 975 MW in savings as it restarts DSM schemes

By: Terence Creamer State-owned power utility Eskom, which halted its demand-side management (DSM) interventions last year owing to funding uncertainties, reports that some of the programmes will be restarted this year and that a savings target of 975 MW has been set. Speaking at a Fossil Fuel Foundation conference... 

Eskom targeting 975 MW in savings as it restarts DSM schemes
Andrew Etzinger

Early signs of another good year for diamond jewellery – De Beers

By: Martin Creamer Early signs that 2015 will be another positive year for the diamond industry are being given by Valentine’s Day demand in the US and Chinese New Year sales in China. De Beers strategy director Bruce Cleaver, who spoke to Creamer Media’s Mining Weekly Online in a video interview following 2014's... 

Early signs of another good year for diamond jewellery – De Beers
Photo by Darlene Creamer
Bruce Cleaver

Mining aspirant hoping to get Northern Cape zinc, copper and lead prospecting rights by year-end

By: Ilan Solomons Black-owned base metals exploration and mining aspirant Horomela Investments is progressing efforts to unlock the potential of its 11 zinc, copper and lead tenements, in the Namaqualand region of the Northern Cape. Horomela co-founder and CEO Abongile Mdingi tells Mining Weekly that the company... 

Mining aspirant hoping to get Northern Cape zinc,  copper and lead prospecting rights by year-end
Photo by Nicholas Boyd
ABONGILE MDINGI Horomela Investments aims to soon start exploration work on its properties, that collectively cover about 148 000 ha

ARM’s Motsepe urges serious govt intervention on Eskom let down

By: Martin Creamer Patrice Motsepe, chairperson of the black-controlled diversified mining company African Rainbow Minerals, on Monday urged the government to intervene seriously to establish Eskom as a competitive, cost-effective, reliable provider of electricity. Speaking at ARM’s presentation of interim results,... 

ARM’s Motsepe urges serious govt intervention on Eskom let down
Photo by Duane Daws
Patrice Motsepe

Documentaries on horrors of mining’s past mooted at Coalsafe

By: Martin Creamer The names of each of the nine mineworkers killed last year in South Africa’s coal mines were flashed singly on to a large screen during a solemn minute’s silence at Thursday’s packed coal safety conference at Emperor’s Palace, where special homage was paid to the thousands of mineworkers who... 

Documentaries on horrors of mining’s past mooted at Coalsafe
Photo by Duane Daws
David Msiza

BSG vows to clear its name after bribery allegations, fight for return of Guinea assets

By: Ilan Solomons Iron-ore, diamonds and ferronickel mining company BSG Resources (BSGR) is determined to clear its name and ensure that its assets in Guinea are “returned”, BSGR mining and metals CEO Marc Struik tells Mining Weekly. The two primary court cases in which the company is involved concern mining giant... 

BSG vows to clear its name after bribery allegations, fight for return of Guinea assets
Photo by Duane Daws
MARC STRUIK BSG Resources claims President Alpha Condé and the government of Guinea are guilty of “corrupt practices” and “illegal activities”

‘Zero harm’ should be mines’ ultimate goal

By: Ilan Solomons The target of achieving zero harm on mines and ensuring that all employees return home safely every day must remain the ultimate goal of the industry, say international law firm Hogan Lovells partner and mining head Warren Beech. “Sitting in on fatality enquiries is one of the most difficult... 

‘Zero harm’ should be mines’ ultimate goal
WARREN BEECH The fact that last year the mining sector achieved its lowest number of fatalities (84) and injuries (2 569) is testament that the industry is heading in the right direction

Merafe in good position to meet increased ferrochrome demand – Matlala

By: Tracy Hancock JSE-listed Merafe Resources “remains excited” about the industry as its mix of energy efficient technology and the recent addition of Lion II allows the ferrochrome producer to capitalise on projected growth in ferrochrome demand. CEO Zanele Matlala advised in a conference call on Tuesday that... 

Merafe in good position to meet increased ferrochrome demand – Matlala
Photo by Duane Daws
Merafe CEO Zanele Matlala

New tech competitive this year – AngloGold

By: Martin Creamer The new raise-boring technology, which produced 100 kg of gold for AngloGold Ashanti in 2014, is targeted to be competitive with conventional mining this year. Last year the company used the raise-bore technology to drill 83 holes in shaft pillars that are unsafe to mine conventionally. 

New tech competitive this year – AngloGold
Photo by Creamer Media
Mike O'Hare

Turbines boosting mine power – AngloGold 

By: Martin Creamer Gold major AngloGold Ashanti is installing turbines in underground mines to boost energy regeneration, as part of a strategy of recovering electricity without spending significant amounts of capital. “What we’ve done is put in energy regeneration and capture plants in the form of turbines at two... 

Turbines boosting mine power – AngloGold
Photo by Creamer Media
Mike O'Hare

First tungsten from new Zimbabwe mine June – Premier

By: Martin Creamer The first major commercial production of tungsten from a new mine under construction in Zimbabwe is expected in June. The plant for the mine, which is being built in Johannesburg by Appropriate Process Technology, is due for shipment to Zimbabwe on May 11. The RHA project has so far absorbed an... 

First tungsten from new Zimbabwe mine June – Premier
Photo by Duane Daws
George Roach (right) with Martin Creamer

Implats moves to power platinum refinery with platinum fuel cells

By: Martin Creamer Platinum major Impala Platinum (Implats) is studying the feasibility of taking its entire platinum refinery off the national electricity grid and powering it with platinum fuel cells. The refinery already has a supply of available hydrogen to fuel the cells and would need some 20 MW of fuel-cell... 

Implats moves to power platinum refinery with platinum fuel cells
Photo by Creamer Media
Terence Goodlace and Martin Creamer

Property sale, speciality chemicals division provide impetus for AECI

By: Ilan Solomons The completion of the bulk surplus property sale of a 2 300 ha Heartland property in Modderfontein to Chinese investment company Shanghai Zendai and a “record performance” from the speciality chemicals cluster were key to the growth of JSE-listed speciality chemicals and explosives group AECI’s... 

Property sale, speciality chemicals division provide impetus for AECI
Photo by Duane Daws
AECI CEO Mark Dytor

AngloGold in mass meetings with workers ahead of wage talks

By: Martin Creamer Gold major AngloGold Ashanti on Monday outlined how it had conducted eight days of mass meetings with unlimited question-and-answer sessions with all of its mineworkers, ahead of the crucial gold industry wage talks. With support of organised labour, the company had conducted the mass meetings... 

AngloGold in mass meetings with workers ahead of wage talks
Photo by Creamer Media
Venkat (right) with Martin Creamer

Mining Charter audit results to be released next month

By: Ilan Solomons Mineral Resources Minister Ngoako Ramatlhodi says the findings of the Department of Mineral Resources (DMR) audit of all South African mining companies regarding compliance with the Mining Charter will be released in March this year. Ramatlhodi was speaking at a media briefing in Tshwane late... 

Mining Charter audit results to be released next month
Photo by Duane Daws
EMPOWERMENT EMPHASIS The Mining Charter stipulates that historically disadvantaged South Africans must have a 26% share in mining companies

Sibanye eyes R3bn, 150 MW solar power station 

By: Natasha Odendaal Gold miner Sibanye Gold plans to build a R3-billion, 150 MW solar power plant to ease its reliance on the costly and unreliable electricity supply from South Africa’s State-owned power utility Eskom, which posed a threat to the company’s current operations and future development. Despite reducing... 

Sibanye eyes R3bn, 150 MW solar power station
Photo by Duane Daws
Sibanye CEO Neal Froneman

DRDGold lifts H1 output 6% despite 67 hours of load shedding in Dec

By: Natalie Greve Despite experiencing some 67 hours of load shedding in the last month of 2014, specialist tailings miner DRDGold lifted gold output for the six months ended December 31 by 6% to 73 015 oz, attributing the uptick to increased metallurgical efficiencies at the long-embattled flotation fine-grind... 

DRDGold lifts H1 output 6% despite 67 hours of load shedding in Dec
Ergo

Mines are development engines for host countries – ICMM

By: Martin Creamer Mines are proven engines of economic development for host countries, which benefit significantly from the foreign direct investment (FDI) that mines attract as well as the export earnings that they generate, the International Council for Mining & Metals (ICMM) has found in a unique 214-country... 

Mines are development engines for host countries – ICMM
Photo by Creamer Media
Martin Creamer and Tony Hodge

Dow earmarks growth in sub-Saharan Africa

By: Ilan Solomons US-headquartered chemical company Dow has targeted sub-Saharan Africa for commercial growth and is expanding its footprint across the region to achieve maximum market penetration, Dow sub-Saharan Africa president Ross McLean tells Mining Weekly. “Since 2011, we have undertaken a geographic... 

Dow earmarks growth in sub-Saharan Africa
ROSS McLEAN Dow established operations in Ghana in 2013 and in November 2014 it also opened a facility in Ethiopia

Universal aims for midtier status through portfolio expansion

By: Ilan Solomons ASX-listed coal miner Universal Coal is considering the acquisition of four thermal assets, with an announcement about the acquisition of one of these greenfield assets from an undisclosed mining major expected soon. “We do not want to expand our operations just for the sake of growth; we aim to... 

Universal aims for midtier status  through portfolio expansion
Photo by Duane Daws
UNIVERSAL’S GOAL Universal Coal aims to become a midtier coal producer

South Deep hits ‘low point’ in 2014 as skills deficit, downtime bite

By: Natalie Greve Despite the implementation of a strategy aimed at buffering gold producer Gold Fields from an enduring low gold price environment, the company said on Thursday that its key South Deep mine had been pushed to “its low point” in 2014. “South Deep remains challenging and the planned build-up for... 

South Deep hits ‘low point’ in 2014 as skills deficit, downtime bite

Kumba exceeds FY production target, but feels export price crunch

By: Megan van Wyngaardt JSE-listed iron-ore miner Kumba Iron Ore exceeded the 35-million-tonne production target at its Sishen mine in 2014, owing to the successful implementation of a recovery plan for the mine. Output was 15% higher than the 30.9-million tonnes produced in the prior year and the Anlgo American... 

Kumba exceeds FY production target, but feels export price crunch

Resource prices source of adversities and opportunities for Africa

By: Ilan Solomons According to the International Monetary Fund’s (IMF’s) recently released regional and world economic outlook update reports, the significant and potentially persistent decline in oil and other commodity prices, as well as slower-than-projected growth in the eurozone, China, Japan and Russia, have... 

Resource prices source of adversities and  opportunities for Africa
BACKS TO THE WALL Many African countries’ development prospects are inversely proportional to their natural resource endowment

Mine fatalities at lowest level ever – Ramatlhodi 

By: Ilan Solomons The 84 mine fatalities recorded in 2014 were the lowest ever in South African mining history, Mineral Resources Minister Ngoako Ramatlhodi revealed during a media briefing in Tshwane on Friday. Mineworker fatalities were down 10% from the 93 deaths reported in 2013. 

Mine fatalities at lowest level ever – Ramatlhodi

130 000 ex-mineworkers claiming unpaid benefits

By: Martin Creamer Former mineworkers and their beneficiaries are continuing to come forward in their droves to claim unpaid pension, provident fund and service-award benefits. “To date, we’ve had 130 000 mineworkers or their beneficiaries either walk into our offices or phone in to claim,” says Teba CEO Dr Graham... 

130 000 ex-mineworkers claiming unpaid benefits
Photo by Duane Daws
Graham Herbert interviewed by Mining Weekly

Cashless home loans for migrant mineworkers on way

By: Martin Creamer A system of providing incremental cashless home loans to migrant mineworkers living in distant areas is being implemented. Teba CEO Dr Graham Herbert, who spoke to Mining Weekly Online in the attached video interview on potential improvements to the much-criticised migrant labour system, says... 

Cashless home loans for migrant mineworkers on way
Photo by Duane Daws
Graham Herbert

R8bn project on time and under budget

By: Ilan Solomons Diversified miner Glencore’s Tweefontein Optimisation Project (TOP) – a brownfield expansion of the existing Tweefontein operation − was on course to reach steady-state plant production of 12.4-million tons a year by August 2015, the company told Mining Weekly during a site visit last month.... 

R8bn project on time and under budget
YIELDING RESULTS The Tweefontein Optimisation Project’s yield will be about 60%, which will result in about seven-million tons of processed coal product

Wesizwe reaches underground milestone

By: Natasha Odendaal RUSTENBURG (miningweekly.com) – Chinese-backed emerging platinum producer Wesizwe Platinum has reached another milestone at its flagship Bakubung platinum mine project, which is already two-and-a-half years ahead of schedule. Despite facing tensions in the platinum belt during the year, continual... 

Wesizwe reaches underground milestone

DRC’s Orientale ‘open for business’ – Bamanisa

By: Natasha Odendaal The Democratic Republic of Congo’s (DRC's) largest province has embarked on a roadshow to court public–private partnerships (PPPs) and attract investors to develop the 503 239 km2 region that is being rebuilt. The Province Orientale aimed to draw investors to opportunities in public works,... 

DRC’s Orientale ‘open for business’ – Bamanisa
DRC Province Orientale Governor Saidi Jean Bamanisa

Lonmin, AMCU celebrate finalisation of landmark BEE equity deal

By: Natalie Greve Lonmin has brought to a close three landmark black economic-empowerment (BEE) deals with employees and host communities that will now bring black ownership levels in the group to 26% and that have resulted in the creation of several community trusts in the labour-fractious Marikana region of the... 

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