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Legislative Environment News

UG2 outperforms as Sibanye positions for new world ­  

By: Martin Creamer     21st February 2019 The soaring prices of rhodium and palladium have put new focus on the upper group two (UG2) reef, for long the poor cousin of Merensky reef in the hierarchy of platinum group metals (PGMs) mining. Merensky's predominant platinum content has made it the preferred reef for decades but UG2 is... 

Strike-hit but upbeat Sibanye confident of value uplift as precious metals shine 

By: Martin Creamer     21st February 2019 Precious metals company Sibanye-Stillwater expressed confidence on Thursday that the global precious metals surge would enable it to deliver value despite the prolonged strike challenge that the company is contending with. The company reported 8%-lower earnings before interest, taxes,... 

Strike-hit but upbeat Sibanye confident of value uplift as precious metals shine
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Glencore auditing 140 slimes dams 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore is auditing 140 slimes dams, 65 of them active and 75 of them closed. The company has been undertaking detailed assessments and audits of all material tailings storage facilities (TSFs) over the past three years, after accumulating a TSF... 

Glencore auditing 140 slimes dams
Photo by Glencore
Fifty-one percent of Glencore's tailings storage faciities are upstream dams.

Coal capped at 150 Mt/y – Glencore 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore has capped its coal capacity at 150-million tonnes of coal a year, a figure that it is close to and which it will not exceed. The company has been working on the cap with its investors since 2016 in the interests of the transitioning to a low... 

Coal capped at 150 Mt/y – Glencore
Photo by Glencore
Glencore is using wind turbine generated energy in Canada and Australia

Glencore ups low carbon transition, limits coal output

By: Martin Creamer     20th February 2019 Diversified mining company Glencore said on Wednesday that it was furthering its commitment a low carbon transition, following engagement with the investor signatories of the Climate Action 100+ initiative. As one of the world’s largest diversified mining companies, Glencore sees itself as... 

Glencore ups low carbon transition, limits coal output
Glencore CEO Ivan Glasenberg

Brazil iron-ore tragedy brings home reality of mining risk – Kumba  

By: Martin Creamer     19th February 2019 Following 58 mineworkers suffering fatal occupational accidents in South Africa in 2018, Kumba Iron Ore CE Themba Mkhwanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of life at Brumadinho, in Brazil, as a result of an iron-ore tailings dam collapse that killed 170... 

Price premiums boosting quality-focused Kumba Iron Ore  

By: Martin Creamer     19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... 

Price premiums boosting quality-focused Kumba Iron Ore
Mining Weekly Online’s Martin Creamer reports on Kumba Iron Ore. Video: Creamer Media’s Nicholas Boyd.

Kumba pays dividend, boosts safety, explores, creates local jobs

By: Martin Creamer     19th February 2019 Product-improving  Kumba Iron Ore generated hefty operational cash flow, paid a competent final 2018 cash dividend, pressed on with exploration in a new area and supported the creation of 2 600 new jobs in the local community, during a fatality-free, safety-boosted year, characterised by higher... 

Kumba pays dividend, boosts safety, explores, creates local jobs
Kumba Iron Ore CE Themba Mkhwanazi

Local manufacturers to benefit from Mining Charter 3's implementation 

By: Nadine James     14th February 2019 Mining Charter 3 and its Implementation Guidelines have created an environment where it is possible for local manufacturers to leverage procurement capacity to drive transformation, Department of Mineral Resources representative Xolile Mbonambi said at a breakfast held at the Industrial... 

Local manufacturers to benefit from Mining Charter 3's implementation
MEMSA chairperson Freddy Mugeri discusses the implications of Mining Charter 3 for equipment manufacturers. Video and editing: Nicholas Boyd.

South32 finalising preferred list of coal mine bidders 

By: Martin Creamer     14th February 2019 The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African... 

South32 finalising preferred list of coal mine bidders
Photo by Creamer Media
South32 CEO Graham Kerr

Australia targets 24 000 jobs with new resources policy framework

By: Esmarie Iannucci     14th February 2019 The Australian federal government on Thursday released a National Resources Statement, outlining plans to attract investment, develop new resources and markets and share the benefits of success with more regional communities. This is the first such statement for more than 20 years. 

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

Bristow snaps into fast action wearing Barrick crown
Barrick CEO Mark Bristow in the field.

Eskom grid upkeep increasingly problematic – DRDGold  

By: Martin Creamer     13th February 2019 The quality of maintenance of the Eskom distribution infrastructure is becoming increasingly problematic, DRDGold CEO Niël Pretorius said on Wednesday. At the company's presentation of power-hit interim results for the six months to December 31, Pretorius said that although DRDGold's own power... 

Eskom grid upkeep increasingly problematic – DRDGold
DRDGold CEO Niël Pretorius discusses poor electricity infrastructure risk with Mining Weekly Online’s Martin Creamer. Video and video editing: Creamer Media’s Darlene Creamer.

DRDGold profit down, gold reserves up

By: Martin Creamer     13th February 2019 Surface gold mining company DRDGold on Wednesday reported a 54% fall in operating profit to R102.2-million in the six months to December 31, but a major jump in mineral reserves. Reserves shot up by 83% to six-million ounces of gold from a former 3.28-million ounces but gold production in the... 

DRDGold profit down, gold reserves up
Photo by Creamer Media
DRDGold CEO Niël Pretorius

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

DRC’s new President an ‘unknown factor’ as far as mining is concerned

By: Rebecca Campbell     8th February 2019 The Democratic Republic of Congo (DRC), lying pretty much in the centre of Africa, is geographically the 11th biggest country in the world and is well-known for its mineral riches. In its most recent (2014) report “The Mineral Industry of Congo (Kinshasa)”, the US Geological Survey (USGS) noted... 

DRC’s new President an ‘unknown factor’ as far as mining is concerned

Ethiopia finalising mining industry reforms – minister

By: Reuters     6th February 2019 Ethiopia will finalise reforms for its underdeveloped mining and oil sectors within the next two months as it seeks to encourage more foreign investors, its mines and petroleum minister said on Tuesday. The country has already cut taxes for mining companies in recent years but the government... 

Greens’ bid to ban Qld coal ‘counter to common sense’ – Macfarlane

By: Esmarie Iannucci     6th February 2019 The Queensland Resources Council (QRC) has urged the state Parliament to reject a proposal by the Greens to ban mining in the Galilee basin. “This is the Greens’ anti-resources tantrum 2.0,” QRC CEO Ian Macfarlane said on Wednesday. 

Greens’ bid to ban Qld coal ‘counter to common sense’ – Macfarlane
QRC CEO Ian Macfarlane

SA mining is a sunrise industry – Ramaphosa 

By: African News Agency      5th February 2019 President Cyril Ramaphosa said on Tuesday that the mining industry in South Africa is not a sunset industry, rather it is a sunrise industry.  Speaking on the second day on the 25th annual Investing in African Mining Indaba in Cape Town, Ramaphosa said government recognised the important role... 

SA mining is a sunrise industry – Ramaphosa
President Cyril Ramaphosa

Mantashe to investors: Don't listen to doomsayers, invest in SA

By: News24Wire      5th February 2019 Investors must be shown that there are opportunities to make money and that is what we offer them in the South African mining industry, Minister of Mineral Resources Gwede Mantashe said on Tuesday. He was one of the guest speakers at a roundtable hosted by the Department of Trade and Industry... 

 Mantashe to investors: Don't listen to doomsayers, invest in SA
Mineral Resources Minister Gwede Mantashe

Zambia will enforce copper import tax – mining minister

By: Reuters     5th February 2019 Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said. Musukwa was speaking on the sidelines of the Indaba mining conference in Cape Town,... 

Mantashe calls for mining investment amid renewed regulatory certainty  

By: Kim Cloete     4th February 2019 Mineral Resources Minister Gwede Mantashe has assured investors it is safe and stable to invest in the South African mining industry, with the return of regulatory certainty and a revised Mining Charter. “There was a lot of policy and regulatory uncertainty for the better part of last year. We... 

Mantashe calls for mining investment amid renewed regulatory certainty
Mineral Resources Minister Gwede Mantashe says the revised Mining Charter and regulatory certainty should encourage people to invest in South Africa's mining sector. Camera work and editing: Nicholas Boyd.

Call made for better connection with mining communities, stable regulation

By: Kim Cloete     4th February 2019 Stakeholders in the mining industry have called for stable regulation and agreed that there needs to be more collaboration and communication between mining houses, communities and mineworkers. Anglo American CEO Mark Cutifani told the Investing in African Mining Indaba in Cape Town that mining... 

Mining green shoots sprouting – Minerals Council 

By: Martin Creamer     4th February 2019 Green shoots are sprouting in South Africa’s mining sector, which is readying for new take off, Minerals Council South Africa CEO Roger Baxter said on Monday. In a briefing on the State of the Mining Nation on the sidelines of the opening day of the Investing in African Mining Indaba, Baxter told... 

Mining green shoots sprouting – Minerals Council
Minerals Council CEO Roger Baxter

Mining 'walking into a brighter future' – Makwana  

By: Martin Creamer     4th February 2019 Mining was walking into a brighter future and the appetite for mining investment was strengthening, attendees of the Investing in African Mining Indaba heard on Monday. Opening the 25th consecutive Investing in African Mining Indaba Cape Town, attention was drawn to stepped up investment in... 

Mining 'walking into a brighter future' – Makwana
Mining Indaba MD Alex Grose and Mining Indaba advisory board chairperson Mpho Makwana discuss trends in the mining industry and what is to be expected from this year's Mining Indaba. Video and editing: Nicholas Boyd.

EFF says in election manifesto to nationalise mines 

By: Reuters     4th February 2019 South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday. The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the... 

Zambia fires CEO of State mining investment arm ZCCM-IH

By: Reuters     1st February 2019 Zambia has fired Dr Pius Kasolo, the CE of State mining investment arm Zambia Consolidated Copper Mines Investment Holding (ZCCM-IH), Mines Minister Richard Musukwa said on Friday, without giving a reason. On Monday, Kasolo said the government should quickly resolve its tax row with mining... 

Mantashe to open the African Mining Indaba 

By: African News Agency      1st February 2019 Mineral Resources Minister Gwede Mantashe is expected to officially open the annual Investing in African Mining Indaba in Cape Town on Monday. In a statement, the department of mineral resources said the minister will be joined by his cabinet colleagues as they engage delegates at the Indaba. The... 

Mantashe to open the African Mining Indaba
Mineral Resources Minister Gwede Mantashe

Victoria considers new manslaughter laws for workplaces

By: Esmarie Iannucci     1st February 2019 The Minerals Council of Australia (MCA) has warned the Victorian government that new workplace safety laws could give rise to unintended consequences, which could impair rather than enhance the safety at workplaces. The Victorian government on Friday said that it has stated work on workplace... 

Mozambique authorities focusing attention on rubies and gold

By: Rebecca Campbell     1st February 2019 The Economy and Environment Committee of the Mozambican Parliament announced in late January that it was to visit the country’s most north-easterly province, Cabo Delgado, to evaluate the socio-economic impact of the province’s mining operations on the adjacent local communities.  

Increased regulatory certainty bolsters direct foreign investment

By: Paige Müller     1st February 2019 African law firm ENSafrica states that there has been a concerted effort to reintroduce legal certainty into South Africa’s mining and minerals industries in the hopes that a stable legislative and regulatory regime will boost foreign direct investment into these critical industries. Mining is a... 

Increased regulatory certainty bolsters direct foreign investment
LLOYD CHRISTIE Legal certainty encourages bolder decisions which, in turn, provide the impetus for innovation, and innovative thinking leads to a mining industry re-envisioned

High Court judgment alters face of mining rights

By: Paige Müller     1st February 2019 The Pretoria High Court ruling handed down on the Baleni and Others v Minister of Mineral Resources and Others case on November 22 last year, is likely to impact significantly on the future distribution of mining rights in South Africa, states international business law and litigation firm... 

High Court judgment alters face of mining rights
GODFREY MALESA The Interim Protection of Informal Land Rights Act requires the informed consent of a community that has informal rights in land before the community may be deprived of such rights

Uncertainty set to continue until new legislation becomes practice

By: Paige Müller     1st February 2019 The local regulatory environment governing the mining and minerals sectors has improved significantly over the past year; however, international business and industry law firm Allen & Overy (South Africa) expect industry uncertainty to persist until the new legislative and regulatory ammendements... 

Uncertainty set to continue until new legislation becomes practice
GERHARD RUDOLPH The consultative process and finalisation of Mining Charter III have introduced some degree of certainty into the sector

Charter still face legal hurdles

By: Paige Müller     1st February 2019 Amid concerns regarding the uncertain future of the South African mining industry, South African corporate and commercial law firm Werkmans Attorneys, has welcomed the publication of Mining Charter III, the Amendment thereto and the Implementation Guidelines on the basis that they bring some... 

Charter still face legal hurdles
UNCERTAIN OUTCOME Mining Charter III could be considered ultra vires, or exceeding the Minister’s authority

PGM-using patents abound – CPM  

By: Martin Creamer     31st January 2019 Viable patents that involve the use of platinum group metals (PGMs) should be commercialised so that PGMs become less dependent on the automotive market, says CPM Group MD and founder Jeffrey Christian. CPM’s current projections, which are similar to those in the automotive and electricity supply... 

PGM-using patents abound – CPM
CPM Group MD Jeffrey Christian talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Christo Greyling.

Resources Watch  

31st January 2019 This week: Kropz anticipates first phosphate ore from long-awaited Elandsfontein by year-end And, the World Bank says Eskom debt restructuring should be coupled to power market reform 

Resources Watch
Resources Watch

Vedanta’s Zambia unit says new tax regime won't affect jobs

By: Bloomberg     30th January 2019 Vedanta's Zambian unit will press ahead with expansion plans even as the government of Africa’s second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers. The assurance by Konkola Copper Mines, following a meeting between management and government... 

Gemfields agrees settlement of £5.8m pertaining to claims by Leigh Day  

By: Tasneem Bulbulia     29th January 2019 Gemfields announced on Tuesday that it has agreed, on a no-admission-of-liability basis, the settlement of all claims brought by law firm Leigh Day on behalf of individuals living in the vicinity of Montepuez Ruby Mining’s (MRM’s) mining concession in northern Mozambique. Gemfields holds a 75%... 

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