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Legislative Environment News
Harmony enters 1.5m oz gold production realm
By: Martin Creamer 21st August 2018 The growth aspiration of Harmony Gold to produce at a rate of 1.5-million ounces of gold a year is within a hair’s breadth of becoming a foregone conclusion as production at Hidden Valley in Papua New Guinea and Moab Khotsong in South Africa click in optimally during the current financial year.... →
AngloGold moves to avoid 2 000 job losses in South Africa region
By: Martin Creamer 20th August 2018 The once overwhelmingly dominant South Africa segment of gold mining company AngloGold Ashanti has been reduced to a mere loss-making shadow of its former self. In the six months to June 30, South Africa produced a mere 10% of the company’s gold unprofitably. →
PNG legislative changes should be well considered - Chamber
By: Esmarie Swanepoel 16th August 2018 The mining and petroleum industry body in Papua New Guinea (PNG) has called on the government to consider the ramifications of the amendments proposed to the Mining Act. The PNG Chamber of Mines and Petroleum’s president, Gerea Aopi, said that stable government policies and a favourable... →
India to bring in new mineral policy to align exploration and development projects
By: Ajoy K Das 15th August 2018 The Indian government is expected to put into play a new mineral policy, possibly before the end of August, aimed at a more investor-friendly alignment of exploration and development projects. The Mines Ministry, which is the driver of the proposed policy changes, is expected to suggest... →
Orion turbocharges Prieska study
By: Martin Creamer 15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... →
Orion Minerals CEO Errol Smart
Minister decries Gold Fields’ job-cut plan at cash-burning South Deep
By: Martin Creamer 14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... →
Gold Fields CEO Nick Holland
Russia's richest lose $3.1bn as tax proposal hits shares
By: Bloomberg 13th August 2018 Russia’s super-rich tycoons lost more than $3-billion in one day after a top economic aide to the president proposed raising taxes on the nation’s giant metal and mining companies. In a letter to Vladimir Putin, adviser Andrey Belousov named 14 companies that could pay more. The resulting... →
Randgold looking across the Atlantic
By: Martin Creamer 10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... →
NLMK's Lisin warns against higher Russian mining taxes
By: Reuters 10th August 2018 Hitting Russian mining and metals companies with extra taxes because they are making profits will only encourage them to be less efficient, according to billionaire Vladimir Lisin, who controls top steel producer NLMK . "The proposed method of creating an extra tax base looks like an... →
Greenfield exploration essential to Australia
By: Donald Makhafola 10th August 2018 Greenfield exploration expenditure in Australia has declined in absolute terms and as a share of total exploration expenditure over the past decade; this must be reversed to attract greater mining investment and continue receiving the economic benefits derived from mining, says association for... →
MINING LIMITATION Australia's mining sector is constrained by over-regulation, red tape and duplicated environmental laws across most jurisdictions
Mining should bolster environmental, social sustainability
By: Donald Makhafola 10th August 2018 The Australian mining industry’s challenges pertain to environmentally sustainable practices, rather than community sustainability, which is the case in the African mining industry, says global engineering consulting firm Aurecon Brisbane technical director Andrew Keith. “However, in places such... →
COOPERATION CONSCIOUSNESS Many mining companies now recognise the benefits of proactive early engagement with their affected communities
Glencore closing in on oil deal, transacting with Eskom
By: Martin Creamer 8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... →
Glencore CEO Ivan Glasenberg
Govt must play role in limiting large-scale retrenchment – RBPlat 
By: Martin Creamer 7th August 2018 Government must play a role in limiting large-scale retrenchment in the platinum sector by potentially incentivising companies to curb job loss. Mineral Resources Minister Gwede Mantashe has objected strongly to the retrenchment plans of Impala Platinum in particular and Royal Bafokeng Platinum... →
Draft charter offers opportunity to improve policy certainty, investor perception
By: Simone Liedtke 7th August 2018 The draft 2018 iteration of the Mining Charter, as well as the Mineral and Petroleum Resources Development Act and social and labour plans amendments expected later this year, offer an opportunity to improve regulatory and policy certainty and, subsequently, investor perception in the South... →
Deloitte energy and resources leader for Africa Andrew Lane
Heavy-handed laws not needed to transform mining – RBPlat
By: Martin Creamer 6th August 2018 The growth of the once small community-based Royal Bafokeng Platinum (RBPlat) into the fully fledged mining company that it is today, provides ample evidence that transformation is best served by collaborative partnerships rather than heavy-handed laws. “Anglo American Platinum have been an... →
Solidarity says achieves victory for former Aurora employees, albeit 'hollow'
By: Simone Liedtke 6th August 2018 About 300 of the 5 300 former employees of Aurora Empowerment Systems will begin to receive partial payments, which form part of overdue salaries, this week, after an eight-year legal battle against former Aurora directors, trade union Solidarity said on Monday. This follows after Aurora... →
Battery metals boom boosting services, project potential
By: Paige Müller 3rd August 2018 There is a boom in the battery metals mining space, owing to a global focus on environment-friendly power initiatives, or ‘green’ energy, says mining industry specialist consultants The MSA Group. MSA Group critical metals principal consultant Michael Cronwright says the company has noted a... →
Angola keen on South African companies entering its diamond sector
By: Rebecca Campbell 3rd August 2018 Angola is working to ensure that the major South African diamond companies can operate in the country. This was stated recently by Endiama Strategic Planning and Minerals Operations Bureau head Laureano Paulo. (Endiama is Angola’s State-owned national diamond company. Its name is an acronym for... →
Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 
By: Martin Creamer 2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... →
Implats CEO Nico Muller (left) and Implats group mining engineer Thabile Makgala
Philippines says 23 of 27 mines pass review, but four may close
By: Reuters 2nd August 2018 The Philippines confirmed on Thursday that 23 of 27 mines reviewed for compliance with state regulations will continue to operate, while the remaining four in the world's No. 2 nickel supplier that failed the audit could face closure. The government review panel issued its final report after... →
Voorspoed diamond mine to close after search for bidder fails
By: Martin Creamer 31st July 2018 The Voorspoed diamond mine in the Free State is scheduled to close by year-end if the Department of Mineral Resources (DMR) is unable to secure, in the next 30 days, a suitable bid that will set the seal on the employment and community support that this Kroonstad-area mine provides. The decision... →
First tin concentrate to market in Q4 – AfriTin
By: Martin Creamer 30th July 2018 Emerging tin mining company AfriTin is on track to place its first tin concentrate into the market in the fourth quarter of this year. The Aim-listed company is going all out to put Africa, once the fourth-biggest exporter of tin but now without an industrial-scale mine, back on the global tin... →
Brazil mining reforms stalled by impasse over new agency
By: Reuters 29th July 2018 A new Brazilian mining regulator created last year to cut red tape and attract foreign investment has still not gotten out of the blocks, with experts warning that the agency will be stalled at least through the October election and perhaps until 2019. Miners say major investments are hanging in... →
Anglo draws line in sand for thermal coal
By: Martin Creamer 27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... →
Anglo CE Mark Cutifani
India makes tentative moves towards single tax rate for mining sector
By: Ajoy K Das 27th July 2018 India’s Steel Ministry has made the first tentative move towards achieving a single unified tax for the mining industry, subsuming the plethora of taxes currently payable by miners. Ministry officials acknowledged that the goal of having a single rate of tax for the mining industry would be... →
SA needs passive fire protection
By: Donald Makhafola 27th July 2018 Safety in mining is a high priority in South Africa, and the country needs to adopt stricter regulations regarding passive fire protection systems, says global technologies company Hilti South Africa mining, business development manager Hector Cerdio. More awareness should also be created... →
$5bn Anglo copper project going ahead in Peru
By: Martin Creamer 26th July 2018 Expected payback on the $5-billion copper project that Anglo American is leading in partnership with Mitsubishi is four years after initial production, Anglo CE Mark Cutifani said on Thursday, when the company announced the go-ahead for the development of the new community-backed low-cost,... →
The Anglo-Mitsubishi Quellaveco copper mining project in Peru.
Workers win against labour brokers
By: Creamer Media Reporter 26th July 2018 The National Union of Metalworkers of South Africa (Numsa) on Thursday welcomed the Constitutional Court judgment which strengthened the rights of temporary workers. The amendment to Section 198A(3)(b) of the Labour Relations Act (LRA) was under scrutiny in this case relating to whether this... →
Tanzania targets setting up mineral exchange by end of 2018
By: Bloomberg 26th July 2018 Tanzania plans to establish a minerals exchange by the end of this year, in a bid to ensure the East African nation reaps the most from its resources, Minerals Minister Angellah Kairuki said. The nation’s resources including gold, diamonds, iron, silver, copper, graphite and other rare earth... →
Resources Watch
26th July 2018 New mining fund raising R750m to co-finance ancillary mine projects And, free-carried interest will foster loyalty among mineworkers →
Kumba ‘very bullish’ on exploration prospects
By: Martin Creamer 25th July 2018 Iron-ore mining and marketing company Kumba Iron Ore is bullish about its R664-million exploration programme, that has funded more than 200 000 m of drilling. "We’re very bullish and very excited,” Kumba Iron Ore technical and projects head Glen Mc Gavigan commented to Mining Weekly Online during... →
Confidence in Canada’s permit process waning – Fraser Institute
By: Creamer Media Reporter 25th July 2018 Investors are losing confidence in the mineral exploration permit process in many Canadian provinces, with applications taking longer to be approved and a lack of transparency hindering investment, according to a study released by policy think-tank Fraser Institute. The ‘Permit Times for Mining... →
India takes step toward improving ease of doing business in mining
By: Ajoy K Das 23rd July 2018 In a bid to ease doing business in the mining sector, the Indian government has approved a “single window” bundled clearance of all mandatory approvals for 288 mining leases that are slated to expire in 2020. Government officials said that new lease holders of these mines would not need to make... →
AngloGold chairperson warns South Africa on 'reckless' mining rules
By: Bloomberg 20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... →
AngloGold chairperson Sipho Pityana
Lawyer not ‘distressed’ by possibility of Mining Charter being finalised in October
By: Nadine James 20th July 2018 The successful two-day Mining Summit – proposed by Minerals Resources Minister Gwede Mantashe previously – provided a platform for stakeholders to voice their concerns during, substantive discussions on nearly all aspects of the revised Mining Charter, says Hogan Lovells partner and mining head... →
WARREN BEECH The summit, and what has resulted from it, has resulted in a different, more positive, scenario
Trudeau moves Sohi to Natural Resources, Carr to head up International Trade Diversification
By: Mariaan Webb 18th July 2018 Canadian Prime Minister Justin Trudeau on Wednesday announced significant changes to his Cabinet, moving around several current Ministers, appointing four new ones and creating three new portfolios. Amarjeet Sohi has been moved from the Infrastructure portfolio to Natural Resources, succeeding... →
R2.6bn boost for platinum demand
By: Martin Creamer 17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... →
NT govt reveals fracking framework
By: Esmarie Swanepoel 17th July 2018 The Northern Territory government has unveiled plans to implement the recommendations from an independent scientific inquiry into unconventional hydraulic fracturing, in a bid to unlock reserves. “This is a plan to protect our environment, create local jobs and ensure the actions of government... →
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