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Eldorado to sell Chinese mine

By: Henry Lazenby Having previously Eldorado stated that it was mulling the sale of its Chinese assets, dual-listed Eldorado Gold this week announced that it would sell its 82% interest in the Jinfeng mine to China National Gold Group, for $300-million in cash. China National Gold had been the company’s minority... 

Late tweaks likely to delay India’s New Mineral Policy

By: Ajoy K Das Last-minute tweaking of the National Mineral Policy (NMP) is likely to delay its implementation, as changes opposed by a section of the mining industry need to be reconciled, according to the architect of the NMP, who is an official in the Mines Ministry. The dilution of incentives for... 

Women ‘grossly’ underrepresented in SA mining and quarrying sector

By: Ilan Solomons Women are still “grossly underrepresented” at all levels of the local mining and quarrying sector, stated Department of Labour (DoL) inspection and enforcement deputy director general Aggy Moiloa. Moiloa was speaking at training and conferencing company Intelligence Transfer Centre’s recent Women... 

Women ‘grossly’ underrepresented in SA mining and  quarrying sector
AGGY MOILOA Women comprise just 13% of top management, 15.5% of senior management and 20.8% of mining professionals in the local mining and quarrying sector

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

Insights into mining climate in Burkina Faso and Côte d’Ivoire

By: Ilan Solomons Conducting mining and exploration activities in Burkina Faso and Côte d'Ivoire are not without challenges, but both countries hold “great potential” for determined exploration and mining companies, mineral exploration company Predictive Discovery (PD) MD Paul Roberts tells Mining Weekly. PD has... 

Legal frameworks key to mining growth in West Africa

By: Simon Sonnekus Revised tax rules and regulations have allowed for greater competition for foreign direct investment and pressure from major donors in the West Africa mining sector, according to Pan-African arbitration and commercial litigation law firm Centurion Law Firm. Centurion Law Firm Legal services... 

Legal frameworks key to  mining growth in West Africa
Photo by Bloomberg
REMARKABLE RESERVES Africa harbours the world’s largest mineral reserves of platinum, gold, diamonds, chromite, manganese and vanadium

West Africa fraught with challenges in tough mining times

By: Simon Sonnekus While political instability, corruption and the global commodities price crunch have had adverse effects on the West African mining sector, other factors such as a lack of infrastructure, power shortages and inconsistency and a lack of transparency in terms of regulatory policy, as well as... 

West Africa fraught with challenges in tough mining times
Photo by Bloomberg
UNREST Factors such as war, social unrest or hardship are all indicative of a somewhat unstable political environment, which, in turn, negatively impacts on the attractiveness of certain economies

Centerra’s Bishkek office raided by Kyrgyz general prosecutor

By: Henry Lazenby Canadian miner Centerra Gold on Thursday reported a raid of its Kyrgyz subsidiary Kumtor Gold Company’s (KGC’s) Bishkek office on Thursday afternoon by the country’s general prosecutor. The General Prosecutor’s Office (GPO) had issued a press release stating that the purpose of the search was to... 

Centerra’s Bishkek office raided by Kyrgyz general prosecutor
Photo by Reuters
Kumtor gold mine, Kyrgyztan

Zwane, Chamber of Mines enter engagement

By: Natasha Odendaal Constructive bilateral engagement between Mineral Resources Minister Mosebenzi Zwane and the Chamber of Mines (CoM) has kicked off amid controversy surrounding the shock gazetting of the draft amended Mining Charter last month. The parties aimed to unpack “pertinent” issues within South Africa’s... 

Indonesia estimates value of Freeport unit two-thirds below offer

By: Reuters Indonesia has proposed a value for a 10.64% stake in Freeport-McMoran's local unit that is about two-thirds below the figure the company proposed in January. Copper miner Freeport's unit is valued at about $630-million and the US-based parent has been asked to revise its offer, an Indonesian... 

Low commodity prices hamper South Africa’s job creation efforts

By: Anine Kilian There is little hope that South Africa’s manufacturing, mining, electricity, construction and transport sectors will create jobs unless commodity prices strengthen, economist Mike Schüssler asserted on Tuesday. Speaking at an event hosted by union Uasa, he stated that new opportunities would have... 

Low commodity prices hamper South Africa’s job creation efforts

Indian miners flay government push for iron-ore value addition

By: Ajoy K Das Indian miners have flayed the government decision to promote only the exports of value-added iron-ore as “fallacious”. Miners claim that being competitive in the production and export of iron-ore does not necessarily mean that conserving the same for domestic operations would improve India's... 

Draft Mining Charter seeks to clear up equity ownership confusion

By: David Oliveira Mineral Resources Minister Mosebenzi Zwane’s surprise gazetting of the draft Mining Charter earlier this month without any stakeholder engagement was likely motivated by a need to shake up the industry to meet the country’s transformation targets. Many debates around the draft document, which was... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Empty mining pipeline expected to be hot Junior Indaba topic
Photo by Duane Daws
Bernard Swanepoel

Commission study shows only 47% alignment between Budget and NDP

By: Terence Creamer A preliminary analysis conducted by South Africa’s second National Planning Commission (NPC) of the current alignment between the country’s Budget and the National Development Plan (NDP) shows there to be only a 47% correlation. Nevertheless, Minister in the Presidency Jeff Radebe, who is NPC... 

Commission study shows only 47% alignment between Budget and NDP
NPC deputy chairperson Professor Malegapuru Makgoba

Draft Mining Charter 'only a proposal' – Zwane

By: Ilan Solomons Mineral Resources Minister Mosebenzi Zwane on Friday sought to assure mining industry stakeholders concerned about certain provisions in the new broad-based black economic-empowerment Mining Charter that the draft was “just a proposal by government” and that “nothing has been cast in stone". The... 

Draft Mining Charter 'only a proposal' – Zwane
Mineral Resources Minister Mosebenzi Zwane

Anglo bettering North American safety benchmark

By: Martin Creamer Safety improvement at Anglo American mines has put the diversified mining company ahead of the North American mining industry, the leading point of reference. While in full production mode, the London- and Johannesburg-listed business achieved a fatality-free fourth quarter (Q4), which on top of... 

Anglo bettering North American safety benchmark
Photo by Duane Daws
Mark Cutifani

Indian provinces rush to float exploration companies

By: Ajoy K Das Indian provincial governments are rushing to establish their own mineral exploration companies. Faced with the opening up of mineral exploration to private investors and the imperative to upgrade explorations levels before putting mineral blocks up for auction, several mineral-rich provinces,... 

Formalised status urged for artisanal, small-scale mining

By: David Oliveira Members of community organisations, the artisanal mining and academic communities, as well as civil society groups, have called for government and mining companies uphold the rights of all South African mineworkers, including artisanal and small-scale miners (ASMs). ActionAid South Africa (AASA)... 

Formalised status urged for artisanal, small-scale mining

Maputo seeks capital gains taxes from mining majors

By: Keith Campbell Mozambique’s Tax Authority has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with whom the Tax Authority is currently having such... 

Key aspect of Chilean labour bill faces court battle – lawyers

By: Reuters A landmark labour reform bill in Chile is facing last minute roadblocks, and key parts will likely be gutted in court despite passing through both houses of Congress, lawyers say. The law, containing new rules intended to give unions more power, was passed by Chile's Senate in March after a... 

Solidarity lists 'devastating consequences' of proposed new Mining Charter

By: Samantha Herbst The proposed new broad-based black economic-empowerment (BBBEE) Mining Charter could mean devastating consequences for the ailing mining industry, believes trade union Solidarity, which strongly denounced the draft charter in a statement on Wednesday. The proposed draft, which was discussed in... 

Solidarity lists 'devastating consequences' of proposed new Mining Charter

Randgold strikes new JV with Israeli billionaire mining firm, State miner

By: Henry Lazenby Africa-focused miner Randgold Resources on Tuesday advised that it had recently entered into a new joint venture (JV) agreement – its third in the Democratic Republic of Congo (DRC) – with a State-owned mining company and Moku Goldmines for the Moku-Beverendi gold exploration project, located... 

Gold Fields records solid Q1 results

By: Ilan Solomons Gold producer Gold Fields has had a solid start to 2016 with attributable equivalent gold production for the first quarter 3% higher year-on-year at 515 000 oz, compared with the 501 000 oz produced in the first quarter of 2015. In a quarterly operating update for the three months to March 31,... 

Gold Fields records solid Q1 results
Photo by Duane Daws
Nick Holland

AMCU peace agreement now also applies to skilled workers – Solidarity

By: Natasha Odendaal Trade union Solidarity on Monday secured skilled workers’ inclusion in the peace agreement concluded last week by gold miner Sibanye Gold and the Association of Mineworkers and Construction Union (AMCU). The concession by Sibanye’s management on the post-wage agreement deal was a victory for... 

Miners react to go-it-alone Zwane

By: Martin Creamer South African gold mining company Sibanye on Monday expressed disappointment that the draft revised Mining Charter was gazetted without prior consultation. In a unilateral action, Minister Mosebenzi Zwane on Friday gazetted the draft reviewed broad-based black economic-empowerment Mining Charter,... 

Miners react to go-it-alone Zwane
Photo by Duane Daws
Mosebenzi Zwane

Queensland bans underground coal gasification over environmental risks

By: Esmarie Swanepoel The Queensland government on Monday banned underground coal gasification (UCG) over fears of its environmental impact. State Development and Natural Resources and Mines Minister Dr Anthony Lynham said that legislation to ban the UCG process would be introduced before the end of the year. 

Queensland bans underground coal gasification over environmental risks

Ontario once more budgets a billion for RoF development, private sector takes action

By: Henry Lazenby For the third consecutive year, the Liberal Ontario government has made a C$1-billion commitment toward development in the emerging Ring of Fire (RoF) nickel/chromite mining camp, in the province’s remote far north. The RoF presented a multigenerational economic opportunity for the province, with... 

Ontario once more budgets a billion for RoF development, private sector takes action

Transfer of environmental regulations will have major impact on mining industry

By: Anine Kilian The legislative provisions that govern the mining industry’s environmental rehabilitation provision obligations have recently been removed from the Mineral & Petroleum Resources Development Act (MPRDA) and transferred to the National Environmental Management Act (Nema). In November 2015, new... 

Amplats clinches Bafokeng-like agreement with near-mine community

By: Martin Creamer Platinum mining company Anglo American Platinum (Amplats) on Friday announced a far-reaching agreement with the community that resides around its lucrative Mogalakwena mine in Limpopo. The agreement with the Mapela traditional community involves the establishment a corporate structure resembling... 

Amplats clinches Bafokeng-like agreement with near-mine community
Photo by Creamer Media
Chris Griffith

China’s latest five-year plan points to further mining consolidation

By: Mia Breytenbach China's thirteenth Five-Year Plan points to further consolidation in the mining industry along with heightened environmental protection, which will affect the steel and coal sectors most, as well as hurt countries that export iron-ore and coal to China, predicts research firm BMI Research. The... 

China’s latest five-year plan points to further mining consolidation
Photo by Bloomberg
DEMAND DOWNTURN BMI’s predictions include that China's steel production will register a steady decline, averaging -1.3% year-on-year from 2016 to 2020

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

By: Ilan Solomons Despite having more than 30% of global mineral reserves, the Middle East and North Africa (MENA) region severely lacks exploration and resource development investment. The region’s mining industry is facing several challenges such as social and environmental pressure from communities living near... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals

Venezuela says $1.4bn Crystallex award 'unfair'

By: Reuters Venezuela said on Thursday that a $1.4-billion award to Canada's Crystallex International for the expropriation of a mining project was "unfair and disproportionate". The World Bank's International Centre for Settlement of Investment Disputes this month ordered Venezuela to pay the sum as... 

Venezuela says $1.4bn Crystallex award 'unfair'

Banks obliged to ensure that clients abide by the law, says Basa

By: Samantha Herbst In an attempt to clarify ongoing speculation following Standard Bank and Nedbank’s move last week to sever ties with the Gupta-linked Oakbay Resources, the Banking Association of South Africa (Basa) on Thursday released a statement to account for the regulatory considerations that all banks... 

Banks obliged to ensure that clients abide by the law, says Basa

RBPlat puts losses behind it with sturdy quarterly performance

By: Martin Creamer January 1 to March 31 has proved a solid three months for Royal Bafokeng Platinum (RBPlat). The Johannesburg Stock Exchange-listed platinum mining company, controlled by the 100 000-strong Bafokeng community, used operational flexibility, stability and strategy to put the headline-per-share... 

RBPlat puts losses behind it with sturdy quarterly performance
Photo by Duane Daws
Steve Phiri

India mulls restricted window for atomic mineral mining

By: Ajoy K Das The Indian government has proposed tweaking the atomic mineral concession rules which would offer limited leeway to provincial governments to undertake mining of atomic minerals, subject to conditions. Currently, mining of atomic minerals were under the sole purview of the federal government’s... 

Ongoing exploration success at Kili Teke – Harmony Gold

By: Martin Creamer Gold-mining company Harmony Gold on Wednesday reported “continuing exploration success” at its wholly owned Kili Teke prospect in the Hela province of Papua New Guinea (PNG). Drilling completed since Harmony reported a maiden Kili Teke mineral resource estimate of 506 000 t of copper and... 

Ongoing exploration success at Kili Teke – Harmony Gold
Peter Steenkamp

Modernisation at heart of new State-backed local mining equipment body

By: Martin Creamer The modernisation of South Africa’s mines and the extension of their lives are at the heart of a new government-backed local manufacturing body that will have access to a State-owned developmental cluster location, where joint development initiatives are envisaged. The new organisation – Mining... 

Modernisation at heart of new State-backed local mining equipment body
Photo by Duane Daws
Anton Wheeler (right) with Martin Creamer
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