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BHP Billiton signs R10bn aluminium supply deal with black consortium 

By: Martin Creamer The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Urgent action needed to end overstated diamond certification – World Federation

By: Martin Creamer Urgent action was needed to stop diamonds being sold with overstated certification, World Federation of Diamond Bourses president Ernie Blom said on Friday. Blom, who blamed a few laboratories for damaging the reputation of the entire diamond industry, urged stakeholders the world over to stand... 

Urgent action needed to end overstated diamond certification – World Federation
Photo by Duane Daws
Ernie Blom

NSW Premier vows to halve ‘unacceptably’ long project approvals time

By: Esmarie Swanepoel The New South Wales Minerals Council has welcomed a promise by Premier Mike Baird to halve the assessment time for major mining projects in the region, saying that it would attract investments and create jobs. Baird was quoted as saying that in the next term of government, the Planning... 

NSW Premier vows to halve ‘unacceptably’ long project approvals time

Mining sector reports 90% compliance as deadline to convert hostels into decent homes looms

By: Anine Vermeulen Since the promulgation of South Africa’s Mining Charter in 2004, the country’s mining sector, along with government, has been working towards eradicating single-sex hostels and unsanitary rented shacks, which have become the normal living standards for mineworkers in South Africa. However, in the... 

Mining sector reports 90% compliance as deadline to  convert hostels into decent homes looms

India announces draft rules for maiden auction of coal blocks

By: Ajoy K Das India’s Coal Ministry has released draft guidelines for the auction of 74 coal blocks to be completed within the next four months. The Coal Ministry document said that the government would conduct a two stage competitive bidding process for allocation of the coal blocks under the newly... 

India announces draft rules for maiden auction of coal blocks

Ivanhoe platinum project prepares for site work resumption

By: Martin Creamer Preparations have begun for a resumption of site work at Ivanhoe’s platinum project near Mokopane in Limpopo province, with the construction of the initial production shaft of the planned underground mine the focal point of the first phase of development of an initiative that has been decades in... 

Ivanhoe platinum project prepares for site work resumption
Photo by Duane Daws
Ivanhoe's Robert Friedland

Central African Republic new ‘blood diamond’ hub 

By: Martin Creamer The dysfunctional Central African Republic (CAR) has taken over as the country where “blood diamond” activity is again rife. Diamonds worth $24-million have been smuggled out of CAR since the suspension of the Kimberley Process last year and Seleka rebels and "anti-balaka" militia are providing... 

Central African Republic new ‘blood diamond’ hub
Photo by Creamer Media
Thierry Vircoulon (right) and Martin Creamer

India to align coal and CBM legal environment to attract private investors

By: Ajoy K Das The Indian government will align its mining and gas exploration legislation to facilitate the exploration and mining of coal and coalbed methane (CBM) by domestic and foreign investors. A senior official in the Coal Ministry said that various legislation relating to the coal and gas sectors... 

Engineers Without Borders Canada welcomes improvements to transparency Act, but highlights need to align standards with US, EU

By: Creamer Media Reporter Engineers Without Borders (EWB) Canada said on Monday that there were key areas of the recently tabled Extractive Sector Transparency Measures Act that fell short of meeting the commitment to ensuring Canada’s transparency standards were aligned with emerging international requirements in the US... 

Glencore, French open $7bn nickel mine in New Caledonia

By: Martin Creamer French President François Hollande on Monday officially opened the new $7-billion Koniambo nickel project in New Caledonia, a territory of France that is located 1 210 km east of Australia, in the south-west Pacific Ocean. The joint venture (JV) between the London-, Hong Kong- and now also... 

Glencore, French open $7bn nickel mine in New Caledonia
Photo by Bloomberg
François Hollande and Ivan Glasenberg

Coal exporters to benefit from Australia’s free trade pact with China

By: Esmarie Swanepoel Australia’s free trade agreement with China could be a win for local coal exporters, as it relaxes coal tariffs, advisory firm Grant Thornton said on Monday. Australian Prime Minister Tony Abbot on Monday announced a landmark free trade agreement with China, which was expected to unlock... 

Coal exporters to benefit from Australia’s free trade pact with China

US House passes Keystone bill 

By: Reuters The Republican-led US House of Representatives approved the Keystone XL pipeline on Friday, but a similar measure struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto if the bill does get through Congress. The legislation, approved by 252 votes... 

US House passes Keystone bill

Barrick Gold appoints executive project director for binational Pascua-Lama

By: Henry Lazenby The world’s most prolific gold producer Barrick Gold on Thursday announced that it had appointed Sergio Fuentes  executive project director for the stalled Pascua-Lama copper/gold project straddling the Chile/Argentina border. Fuentes would focus on optimising detailed engineering, improving the... 

Public violence charges against mining community members withdrawn after 18 months

By: Zandile Mavuso Charges against six members of the North West-based Bua Mining Communities social movement who were charged with illegal gathering and public violence were withdrawn last week, owing to the lack of State witnesses.  

Coal of Africa secures $21m cash in first-stage equity raise

By: Martin Creamer Triple-listed coal exploration and project development company Coal of Africa Limited (CoAL) has completed the first stage of its equity capital raising exercise. The South Africa-focused company, which trades its shares in Sydney, London and Johannesburg, said on Thursday that it had received... 

Coal of Africa secures $21m cash in first-stage equity raise
Photo by Duane Daws
Coal of Africa CEO David Brown

New South Wales unveils coal seam gas plan

By: Esmarie Swanepoel The New South Wales government on Thursday announced plans to pause, reset and restart gas exploration in the state, implementing a strategic framework to deliver a well-regulated coal seam gas (CSG) industry. Resources and Energy Minister Anthony Roberts noted that the freeze on assessing new... 

New South Wales unveils coal seam gas plan

Q3 gold demand, supply down – World Gold Council

By: Martin Creamer Both gold demand and supply were down in the three months to September 30, the World Gold Council said on Thursday. The council’s latest gold demand trends report stated that third-quarter (Q3) gold demand had declined by 2% to 929 t and supply had fallen by 7% to 1 048 t on recycling’s lowest... 

Q3 gold demand, supply down – World Gold Council
World Gold Council market intelligence head Alistair Hewitt

Central Rand Gold mulls $150m Chinese offer, suspends underground mining

By: Martin Creamer London- and Johannesburg-listed gold mining company Central Rand Gold, which is considering selling out to Hiria of Hong Kong for $150-million cash, has temporarily suspended water-challenged underground mining to focus on mothballed opencast targets. The company’s non-binding memorandum of... 

Central Rand Gold mulls $150m Chinese offer, suspends underground mining
Photo by Duane Daws
Central Rand Gold CEO Johan du Toit

Goldcorp heads back to the drawing board after withdrawing El Morro EIS

By: Henry Lazenby The world’s most valuable gold producer by market capitalisation Goldcorp on Friday said it had withdrawn its environmental impact study for the $3.9-billion El Morro copper/gold project, in Chile, after an October ruling by the Chilean Supreme Court halted development on grounds that local... 

Goldcorp heads back to the drawing board after withdrawing El Morro EIS

2014 proves tough for mining in Africa  

By: Bruce Montiea This year has been tough for the African mining industry, owing to ongoing challenges and threats, such as resource nationalisation, regulatory uncertainty and labour unrest, says Deloitte energy and resources leader Andrew Lane. “Regulatory uncertainty continues across the continent, which... 

2014 proves tough for  mining in Africa
ANDREW LANE Regulatory uncertainty continues across Africa, which causes nervousness among international investors

African mining sees uptake in international investment

By: Bruce Montiea Africa is attracting growing volumes of international mining capital, owing to the global economic downturn, which has impacted favourably on international investors perception of the continent as a favourable and reliable region for investment, says international law firm Allen and Overy.  

African mining sees uptake  in international investment
MEREDITH CAMPION Many African States are adopting new mining laws with provisions that facilitate participation in mining activities by international companies

Biogas power generation has huge potential for postmining land use

By: Chantelle Kotze Global climate change and the need for sustainable land rehabilitation in the mining industry are prompting mining companies to reassess their approach to postmining land use to ensure that they leave a positive legacy, notes carbon advisory firm Promethium Carbon director Robbie Louw. 

Biogas power generation has huge potential for postmining land use

Collaboration between stakeholders essential to drive enterprise development

By: Zandile Mavuso Economic growth and the alleviation of poverty are challenges that government should not tackle alone, but rather, key stakeholders should share the responsibility of building a thriving economy together with government, says multinational mining company Anglo American. 

Divestment indicative of local industry challenges

By: Bruce Montiea Recent restructuring and divestment moves by mining majors Anglo American Platinum (Amplats), BHP Billiton and Gold Fields are indicative of the difficulties that mining companies operating in South Africa are facing, says strategy and communications consultancy africapractice consultant... 

Divestment indicative of local industry  challenges
SINETHEMBA ZONKE Mining companies are trying to shield their foreign investors from volatility in South Africa

More coal investments planned for Mozambique as Maputo seeks to promote local use

By: Keith Campbell Indian State-owned company International Coal Ventures Limited (ICVL), which recently acquired the assets of Rio Tinto Coal Mozambique (RTCM), reportedly for $50-million, has announced that it intends to invest $500-million over the next three years in logistical infrastructure in Mozambique. So... 

Quebec First Nations petition province to include rare earths under uranium ban

By: Henry Lazenby A group of Quebec- and Labrador-based First Nations would like to see the Quebec government include rare earth elements in the same moratorium currently in force for uranium. The Quebec government had decreed a moratorium on issuing exploration, development or mining permits for uranium projects... 

Peru plans to streamline environmental permits, boost spending

By: Reuters Peru's government introduced a new economic reform package on Thursday that aims to streamline environmental permits and boost short-term public spending by $550-million, its latest bid to ward off an extended slowdown. President Ollanta Humala has already proposed several measures over the past... 

ABG to appear in UK court over Tanzania violence victims suit

By: Henry Lazenby Tanzanian locals have sued African Barrick Gold (ABG) in the UK for alleged deaths and injuries caused by security and police guarding the company's North Mara mine, which has a history of illegal artisanal mining. On November 19, the claimants in the proceedings against ABG would seek orders... 

Resilient Randgold planning dividend delivery

By: Martin Creamer Resilient Randgold Resources, which has returned to its debt-free status after repaying its revolving credit facility, said on Thursday that its dividend plans remained firmly in place, despite the gold mining industry as a whole finding itself in a tight spot as the price of the precious metal... 

Resilient Randgold planning dividend delivery
Photo by Duane Daws
Randgold CEO Mark Bristow

Ex PM Blair to hit Mining Indaba high note

By: Martin Creamer Former British Prime Minister Tony Blair is to present a keynote address at the 2015 Mining Indaba, the world’s largest mining investment event, which is scheduled to take place in Cape Town from February 9 to 12. The organisers of the yearly Investing in African Mining Indaba announced on... 

Ex PM Blair to hit Mining Indaba high note
Photo by Bloomberg
Tony Blair
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