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Centerra Gold loss widens as prices, sales drop

By: Reuters Centerra Gold reported a deeper third-quarter loss on Wednesday, reflecting lower gold prices and the sale of fewer ounces of gold, the company said. The Toronto-based gold miner's net loss widened to $3.2-million, or $0.01 a share, from $1.8-million, or $0.01, in the year-ago period. 

Strike-hit Impala’s platinum output down 25%, unit costs up 62%

By: Martin Creamer Strike-hit mining company Impala Platinum (Implats) has produced 25.5% fewer platinum ounces in the three months to September 30 than in the corresponding period last year. In line with reduced platinum production, group unit costs rose 62% to R26 698/oz of platinum, compared with R16 488/oz in... 

Strike-hit Impala’s platinum output down 25%, unit costs up 62%
Photo by Duane Daws
Implats CEO Terence Goodlace

Trans Hex takes over Namaqua diamond mines from De Beers

By: Martin Creamer The long-awaited acquisition by Trans Hex of the Namaqualand diamond mines from De Beers has become effective. The JSE-listed Trans Hex expects to receive cash flows of R653-million over the life of Namaqualand Mines, which have a resource of between 1.6-million carats and 1.9-million carats that... 

Trans Hex takes over Namaqua diamond mines from De Beers
Photo by Duane Daws
Trans Hex CEO Llewellyn Delport

Indian government accelerates plans to open coal sector

By: Ajoy K Das The Indian government is stepping on the gas to provide the necessary regulatory and legislative framework permitting private investment in the coal mining sector. `Denationalisation’ was still a taboo word for political reasons, but the government was working on various fronts to reform and... 

AEL entrenching itself in Latin American market

By: Zandile Mavuso Explosives company AEL Mining Services says its supply of electronic detonators to the Latin American countries has been successful in the past four years, with the company’s focus currently on maintaining its presence in the area by advancing technologically. 

Companies commoditising explosives as Asian market slows

By: Zandile Mavuso The fall of thermal coal prices in China has impacted the Asian mining industry negatively as it has led to companies requiring explosives to be commoditised, says explosives company AEL Mining Services. 

Importance of developing cutting-edge mining technology stressed

By: Chantelle Kotze The future of mining through the eyes of the next generation places importance on working towards ensuring a sustainable future, by means of developing cutting edge mining technology and finely honed skills. 

Importance of developing cutting-edge  mining technology stressed
LOOKING FORWARD Developing cutting edge mining technology and relevant skills is important in ensuring productive future mines

Miners need to collaborate with conservation groups

By: Dylan Slater Building solid relationships between mining companies and conservation groups might be the key to an overall positive perception of mining operations – especially opencast operations that are prone to easily identifiable forms of pollution, such as dust and noise, says business law firm Fasken... 

Miners need to collaborate with conservation groups
Photo by Duane Daws
MATTHEW BURNELL It is important that good relationships are forged between the miner and the conservation groups

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

By: Esmarie Swanepoel While keeping its nomer as the ‘Lucky Country’ by remaining relatively untouched by the global financial crisis, Australia ¬– and more specifically its resources sector – has not been immune against falling commodity prices. The declining prices of coal and iron-ore, in particular, have had a... 

Mining companies Down Under being forced to call in  administrators, shed jobs as commodity prices decline

Mozambique eyes coal deal for tax consequences, approves power venture

By: Keith Campbell The Mozambique Tax Authority has been watching the recently concluded deal between Anglo-Australian miner Rio Tinto and Indian company International Coal Ventures Limited (ICVL), in which the former sold its subsidiary Rio Tinto Coal Mozambique (RTCM) to the latter for a reported $50-million.... 

BC tables amendment to Mine Act allowing more time to investigate, charge offenders

By: Henry Lazenby The British Columbia government on Thursday tabled proposals to amend the provincial Mines Act to give investigators and Crown Counsel more time to investigate violations under the Act and bring charges if necessary. Energy and Mines Minister and Minister Responsible for Core Review Bill Bennett... 

BC introduces new two-tier tax on income from LNG facilities

By: Henry Lazenby The province of British Columbia this week introduced its much-anticipated legislation for a new two-tier tax on net income from liquefied natural gas (LNG) facilities. The legislation, which was originally announced in the provincial budget in February, introduced a two-tier income tax that... 

BC introduces new two-tier tax on income from LNG facilities

Capital-raise puts novel underpin on Northam Platinum’s funded R6.6bn BEE deal

By: Martin Creamer Platinum mining company Northam on Wednesday concluded a fully funded ten-year R6.6-billion black economic-empowerment (BEE) equity transaction underpinned by a R4.6-billion capital raising, which has the potential to position the JSE-listed company as a fully integrated, fully empowered South... 

Capital-raise puts novel underpin on Northam Platinum’s funded R6.6bn BEE deal
Photo by Duane Daws
Northam Platinum CEO Paul Dunne

MCA pushes for greater policy reform

By: Esmarie Swanepoel While complementing the Tony Abbott-led government on its policy reforms aimed at reducing the red tape burden on Australian businesses, the Minerals Council of Australia (MCA) on Wednesday called for an even greater reform. On the Spring Repeal Day, the Abbott government introduced legislation... 

India takes baby steps towards open coal sector

By: Ajoy K Das The Indian government has given the first hints of legislative changes designed to usher in the de-nationalisation of the country’s coal sector. While no timeframe for the dramatic reform of the sector had been given, the government has indicated that de-nationalisation was the path it would... 

Randgold asks DRC to match local investment, maintain positive legal climate

By: Henry Lazenby While Randgold Resources’ Kibali gold mine, in the Democratic Republic of Congo (DRC), continued with its scheduled ramp-up, the company on Monday appealed to the local and national governments to match the nearly $600-million investment in the local economy and maintain an investor-friendly... 

Randgold asks DRC to match local investment, maintain positive legal climate

Niko Resources’ stock tumbles after Indian govt announces new gas price

By: Henry Lazenby Calgary-based Niko Resources, which has oil and gas exploration operations across Southeast Asia, on Monday said it was currently evaluating the impact of the Indian government’s new domestic gas pricing policy on its assets in the country. The company’s TSX-listed stock on Monday fell by more... 

Davis Tax Committee mulls ways to 'detect and deter' corporate tax avoidance 

By: Terence Creamer The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted on Monday that recommendations were being considered to “detect and deter” tax-avoiding financial... 

Davis Tax Committee mulls ways to 'detect and deter' corporate tax avoidance
Photo by Duane Daws
Judge Dennis Davis

India to legislate new law to acquire illegally allotted land

By: Ajoy K Das The Indian government is readying new legislation to acquire land bought by companies whose coal blocks the Supreme Court declared to be illegally allotted. The law, in the form of an ordinance prepared by the Coal Ministry, was expected to be approved by the government before month-end, since... 

Ugandan mining investment opportunities to come under the spotlight at seminar to be held later this month

By: Zandile Mavuso Support services company Africa Exchange in partnership with multinational consulting firm KPMG is set to host the Uganda Country Focus Seminar on October 27 in which topics such as foreign investment into the undeveloped Ugandan mining sector will be discussed. 

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Renewable energy could open door to social licence for new mines in RoF 

By: Henry Lazenby A poll released on Thursday revealed that First Nations living in the remote far northern reaches of Ontario, including near the latent Ring of Fire minerals-rich district, would be more agreeable to allow mining projects to take root near their communities if the mines were to make use of... 

Renewable energy could open door to social licence for new mines in RoF

Zuma must not sign mining Bill – Bridgette Radebe

By: Sapa Mining magnate Bridgette Radebe has asked President Jacob Zuma not to sign the Minerals and Petroleum Resources Development Act Amendment Bill into law, she said on Thursday. Radebe told the Cape Town Press Club the SA Mining Development Association (Samda), of which she is president, made the... 

Zuma must not sign mining Bill – Bridgette Radebe

De Beers, NUM sign three-year wage deal 

By: Martin Creamer The South African arm of Anglo American diamond company De Beers on Tuesday signed a three-year wage agreement extending to 2016 with the National Union of Mineworkers (NUM). The three-year-duration wage deal was the first of its kind with NUM, said De Beers Consolidated Mines (DBCM), which runs... 

De Beers, NUM sign three-year wage deal
Photo by Duane Daws
DBCM CEO Phillip Barton

Outgoing Nedlac chief remains in place for Nov labour indaba

By: Terence Creamer National Economic Development and Labour Council (Nedlac) executive director Alistair Smith, who has resigned from the organisation, will continue in his role until January. He will, therefore, still play a central role at the upcoming Labour Relations Indaba, which is scheduled for November 4 in... 

Outgoing Nedlac chief remains in place for Nov labour indaba
Photo by Duane Daws
Nedlac executive director Alistair Smith

Kibo shares lift on prospect of study spawning early gold production

By: Martin Creamer The share price of Kibo Mining rose by more than 11% in Johannesburg on Tuesday on the prospect of a commenced definitive feasibility study opening the way for early gold production at the company’s Imweru prospect, in Tanzania. The six-year-old Aim- and AltX-listed exploration and development... 

Kibo shares lift on prospect of study spawning early gold production
Kibo CEO Louis Coetzee

Costs down, revenue up, diamonds selling well – Rockwell

By: Martin Creamer Alluvial diamond mining company Rockwell Diamonds, which managed to cut its costs radically in the three months to August 31 after nine consecutive quarters of revenue lift, said on Friday that its diamonds were selling well in a stabilising market that was no longer prone to wild swings. The... 

Costs down, revenue up, diamonds selling well – Rockwell
Photo by Duane Daws
Rockwell CEO James Campbell

Law for ‘one environmental system’ relating to mining, related activities comes into force

By: Chantelle Kotze The National Environmental Management Laws Amendment Act (Nemla 3) came into force last month on September 3. Nemla 3 forms part of a suite of new laws that will give rise to the “One Environmental System” for South Africa relating to mining and related activities. 

Law for ‘one environmental system’ relating to mining,  related activities comes into force
GARYN RAPSON The National Environmental Management Laws Amendment Act aims to give rise to the “One Environmental System” for South Africa’s mining industry

Monitoring, assessing of land reclamation methods gaining momentum in SA

By: Chantelle Kotze The mining industry contributes significantly to South Africa’s economic development and job creation. It also remains an infinite source of growth for the country, which means that post-mining landscapes that are socially inclusive, self-sustaining and financially viable need to be established. 

Monitoring, assessing of land reclamation methods gaining momentum in SA

Outlook for Tanzania mining industry still positive – Ministry

By: Mia Breytenbach Despite a recognised slowdown in exploration spending owing to credit challenges, Tanzania’s Ministry of Energy and Minerals believes the country’s mining industry remains vibrant as it diversifies its commodity base from gold to base metals, including iron, copper and nickel, and to energy... 

Outlook for Tanzania mining industry still positive – Ministry
NEW PROSPECTS There is potential for new medium midtier and large-scale mines on the horizon for Tanzania, despite current market conditions

Regulatory certainty, competitiveness essential for investment

By: Zandile Mavuso South Africa’s mining sector is one of the key sectors that has the ability to foster the county’s economic growth; however, the need for regulatory certainty and remaining globally competitive remain critical in attracting investment into the sector, says Jo’burg Indaba chairperson Bernard... 

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