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Mining ‘most transparent’ – Corruption Watch

By: Martin Creamer     30th May 2016 The Chamber of Mines of South Africa on Monday welcomed the Corruption Watch report on transparency in corporate reporting, which found that South Africa’s most transparent companies came from the mining sector. Gold Fields, BHP Billiton and Anglo American Platinum come out tops in the report,... 

$60m boost to Zambia power grid

By: Martin Creamer     30th May 2016 Mining is poised to receive a spinoff benefit from Monday’s announcement that the power grid in Zambia is to be boosted by a $60-million investment. In this latest transaction, Standard Chartered bank has partnered with the United States Agency for International Development (USAID) to provide a... 

$60m boost to Zambia power grid
Zesco CEO Victor Mundende, Standard Chartered Bank Zambia CEO Andrew Okai and Zambia’s Deputy Energy Minister Charles Zulu

Claim against Vedanta, KCM given the green light to proceed in court

By: Samantha Herbst     27th May 2016 A legal claim on behalf of 1 826 Zambian villagers against global diversified metals and mining company Vedanta Resources and its Zambian subsidiary Konkola Copper Mines (KCM) has been given the go-ahead by a High Court judge to proceed in the UK courts. The ruling, handed down on Friday, follows... 

After topping 14% in early 2015, women representation in South Africa’s mining industry now 10%

By: Ilan Solomons     27th May 2016 Within the top 500 JSE-listed companies in South Africa, women make up 21% of the boards of these companies, which is the highest percentage of women on boards worldwide, noted volunteer nonprofit organisation Women in Mining South Africa chairperson Noleen Pauls. Pauls, who is also a geology... 

After topping 14% in early 2015, women representation  in South Africa’s mining industry now 10%
Photo by Duane Daws
NOLEEN PAULS Over the past 20 years women representation in the South African mining sector had grown from 7% to 14% at the start of 2015

Black Business Council throws weight behind draft Mining Charter

By: Ilan Solomons     27th May 2016 The Black Business Council (BBC) national council has reaffirmed its support for the draft amended Mining Charter as the council said it had eliminated the issue of ‘once empowered always empowered’ from the charter. BBC CEO Mohale Ralebitso said that the ‘once empowered always empowered’... 

Black Business Council throws weight behind draft Mining Charter
MOHALE RALEBITSO The ‘once empowered always empowered’ provision raised a number of challenges to ensuring black empowerment in the mining industry

Half of SA mining companies lossmaking, says Chamber of Mines

By: Ilan Solomons     27th May 2016 Chamber of Mines (CoM) CEO Roger Baxter has said the chamber’s members had experienced progressively weakening commodity prices, rapidly rising costs, falling productivity and some regulatory issues that challenged their ability to sustain operations and to maintain employment levels. “With an... 

Half of SA mining companies lossmaking,  says Chamber of Mines
WORKING HAND-IN-HAND? Mineral Resources Minister Mosebenzi Zwane and Chamber of Mines president Mike Teke

Mozambique seeks to handle commodity price falls and secret debt crisis

By: Keith Campbell     27th May 2016 A Mozambican government minister has called on mining companies working in the country to focus on the future as it battles though the current economic downturn. Justice Minister Isaque Chande urged them to plan and execute structural measures to secure their investments. He was speaking at a... 

Re-elected CoM president rejects ‘sunset industry’ tag for SA mining

By: Ilan Solomons     27th May 2016 South African mining is certainly not a sunset industry. The country’s 130-year-old gold mining sector for instance has huge potential for the future with the promising research and development into new mining methods, which itself can spawn a new set of industries, as it did 100 years ago. This... 

Re-elected CoM president rejects ‘sunset industry’ tag for SA mining
SUNSHINE SECTOR If the local mining sector follows the right approach, it will be taken in a direction that will be to the benefit of South African society more broadly

Rio Tinto agrees to extend Laramide farm-in and JV agreements

By: Henry Lazenby     26th May 2016 Canadian uranium project developer Laramide Resources has received an extension from Rio Tinto Exploration (RTX) to complete certain work programmes and satisfy minimum spending obligations under the earn-in periods on the Rio Tinto Murphy farm-in and joint venture (JV) tenements in the Northern... 

Continually flipped Moz gold project goes for $17.5m

By: Martin Creamer     26th May 2016 The Manica gold project in Mozambique, which has been bought and sold several times in recent years, is being disposed of once more. On two occasions the disposals have been conducted under the same management head – Jan Nelson, who announced on Thursday that his London Aim-listed Xtract had... 

Continually flipped Moz gold project goes for $17.5m
Photo by Duane Daws
Xtract CEO Jan Nelson

Pan African raising cash for BEE toughening, funding headroom

By: Martin Creamer     26th May 2016 Gold-, platinum- and coal-mining company Pan African Resources told shareholders on Thursday that it would be raising equity capital to cement its black economic-empowerment (BEE) compliance and provide it with financial headroom for swift access to organic and acquisitive growth opportunities.... 

Pan African raising cash for BEE toughening, funding headroom
Photo by Duane Daws
Pan African CEO Cobus Loots

Colombia court rules local governments can restrict mining projects

By: Reuters     26th May 2016 Colombia's constitutional court on Wednesday struck down a law which requires mining permits be issued exclusively by the national government, a decision which could open the way for provincial and local authorities to restrict mining in their areas. The 2001 law, which forbid regional and local... 

Centerra vows to fight two enviro rulings as Kyrgyz woes continue 

By: Henry Lazenby     26th May 2016 Canada’s Centerra Gold is having a busy week at the Kyrgyz courts after the company received two rulings in two days against its wholly owned subsidiary Kumtor Operating Company (KOC) for alleged environmental infractions at its eponymous mine in the country. Centerra also had to defend itself... 

Centerra vows to fight two enviro rulings as Kyrgyz woes continue
Photo by Reuters
Kumtor, Kyrgyz Replublic

New acid mine water process has huge agri potential in arid areas  

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

New acid mine water process has huge agri potential in arid areas
Photo by Duane Daws
Trailblazer Technolgies director John Bewsey

New highly profitable acid mine water solution unveiled 

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Photo by Duane Daws
Trailblazer director John Bewsey (right) and Martin Creamer

Proposal to extend ‘water trigger’ to shale, tight gas unnecessary, says Appea

By: Samantha Herbst     24th May 2016 Australia’s Labor government on Tuesday moved to extend the contentious ‘water trigger’ legislation to shale and tight gas projects. Introduced in 2013, the water trigger legislation was an amendment to the Environmental Protection and Biodiversity Conservation Act, which sought to protect water... 

Proposal to extend ‘water trigger’ to shale, tight gas unnecessary, says Appea

First permanent infrastructure being built at new DRC tin mine

By: Martin Creamer     23rd May 2016 The first permanent mining infrastructure is being built at the proposed new tin mine at Bisie, in the Democratic Republic of Congo (DRC), for which $130-million is being raised. Alphamin Resources CEO Boris Kamstra said the return airway drive being built would be used to acclimatise mining... 

First permanent infrastructure being built at new DRC tin mine
Photo by Duane Daws
Alphamin CEO Boris Kamstra

Mining licence fees now SMS-enabled in forward-striding Tanzania

By: Martin Creamer     20th May 2016 The Tanzanian online mining cadastre system now allows licence holders to request the total licence fees they owe via short message service (SMS). The addition of SMS extends the range of payment functionality that the Ministry of Energy and Minerals offers to its customers, the FlexiCadastre... 

Mining licence fees now SMS-enabled in forward-striding Tanzania
Tanzanian president John Magufuli

Alternative fundraising model seen flourishing but regulatory issues could stifle uptake in South Africa

By: Mia Breytenbach     20th May 2016 The mining industry is facing increasing risk averseness from equity and debt investors, owing to testing circumstances in the depressed global market, particularly with regard to falling commodity prices, slower economic growth in China and reduced mining production. Owing to traditional funding... 

Alternative fundraising model seen flourishing  but regulatory issues could stifle uptake in South Africa

Greater demand for outsourced service providers possible

By: Sascha Solomons     20th May 2016 Mining projects in South Africa have been placed on hold, owing to the current commodities oversupply and price slump, as well as the shortage of funding for projects, but the concern is whether South Africa will be able to ramp up production when the industry recovers, states specialist... 

Greater demand for outsourced service  providers possible
BRIDGING THE GAP Mining companies operating in South Africa might employ contractors to fill skills gaps once business conditions improve

Ivanhoe slams NGO misinformation on flagship Platreef PGM project

By: Henry Lazenby     19th May 2016 Africa-focused project developer Ivanhoe Mines on Thursday condemned “in the strongest terms possible” a statement issued late Wednesday by nongovernmental organisation (NGO) Mining Watch Canada, alleging that its subsidiary Ivanplats was engaged in human rights abuses and illegal operations as... 

Transparency equals bankability, World Diamond Congress hears

By: Martin Creamer     19th May 2016 The large number of bad-debt bankruptcies in the diamond industry in recent years was aired on the second day of the 37th World Diamond Congress in Dubai, where much emphasis was again placed on the critical need for financial transparency. De Beers commercial development head Howard Davies drew... 

Transparency equals bankability, World Diamond Congress hears
World diamond top-brass Rony Unterman, Ernie Blom, Yoram Dvash, Julien Drybooms

Peru's Fujimori takes tough stance on Southern Copper Tia Maria project

By: Reuters     19th May 2016 Peruvian presidential contender Keiko Fujimori said it would take "many years" for Southern Copper to regain the trust of farmers, which she said is part of the community support she considers critical to developing the company's $1.4-billion Tia Maria copper project. The centre-right candidate... 

Chile economy grows 1.3% in Q1, slightly above forecast

By: Reuters     18th May 2016 Chile's gross domestic product grew by 1.3% in the first quarter from the last quarter of 2015, the central bank said on Wednesday, boosted by rising exports. 

CoM reveals half of mining companies are lossmaking; re-elects Teke as president

By: Ilan Solomons     18th May 2016 Chamber of Mines (CoM) CEO Roger Baxter on Wednesday said the chamber’s members had experienced progressively weakening commodity prices, rapidly rising costs, falling productivity and some regulatory issues that challenged their ability to sustain operations and to maintain employment levels.... 

CoM reveals half of mining companies are lossmaking; re-elects Teke as president
Mineral Resources Minister Mosebenzi Zwane and Chamber of Mines president Mike Teke

Minister launches long-term acid mine water solution 

By: Martin Creamer     18th May 2016 Water Minister Nomvula Mokonyane on Wednesday launched a long-term project to turn acid mine drainage (AMD) into safe water for commercial use as either industrial or potable water. The Minister chose the old south-west vertical shaft area of the dormant East Rand Proprietary Mines (ERPM) to... 

Minister launches long-term acid mine water solution
Photo by Duane Daws
Water Minister Nomvula Mokonyane

World diamond body emphasises need for transparency 

By: Martin Creamer     18th May 2016 Transparency, responsibility and sustainability are at the heart of the discussions at the thirty-seventh World Diamond Congress, which is taking place in Dubai. "From mining to diamond cutting and polishing, and from jewellery making to retailing, we must ensure that we’re all working in a fair... 

World diamond body emphasises need for transparency
World diamond president Ernie Blom

Lorimer decries mining’s production crash, job losses

By: Martin Creamer     17th May 2016 Mineral Resources Shadow Minister James Lorimer MP on Tuesday decried the sharply reduced output of South Africa’s once-colossal mining industry and warned that mining's “jobs bloodbath” had only just begun. State statistics compiler StatsSA reported earlier this month that South Africa’s... 

Lorimer decries mining’s production crash, job losses
Shadow Minerals Minister James Lorimer

Closure of Oakbay will result in increased unemployment numbers – BBC

By: Ilan Solomons     17th May 2016 The Black Business Council (BBC) has urged all industry stakeholders to ensure that the jobs of employees working for Gupta-linked investment holding company Oakbay Resources are saved. The BBC’s national council stated during a media briefing in Johannesburg on Tuesday that the significant... 

Closure of Oakbay will result in increased unemployment numbers – BBC
Black Business Council CEO Mohale Ralebitso

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report

Govt push can make South African mining fly again – Harwood 

By: Martin Creamer     17th May 2016 South Africa has the potential to be a mining giant again especially if it receives the kind of push that Tanzania is now receiving under its new president. Speaking to Creamer Media’s Mining Weekly Online in a video interview on Tuesday after a recent visit to the East African country, Montero... 

Govt push can make South African mining fly again – Harwood
Photo by Duane Daws
Montero CEO Tony Harwood (right) with Martin Creamer

Australia company tax cuts won't benefit US – Minerals Council

By: Esmarie Swanepoel     17th May 2016 The Minerals Council of Australia (MCA) has refuted claims by researcher the Australia Institute that cuts to the Australian company tax rate would benefit the US Treasury. In its recent Budget, the federal government announced plans to lower company tax rate over the medium term, which was... 

Australia company tax cuts won't benefit US – Minerals Council

Up your game on sustainability, challenges Manuel

By: Kim Cloete     16th May 2016 Former Finance Minister Trevor Manuel has criticised both governments and companies for failing to live up to their commitments on sustainable development and has called for better laws and greater enforcement of those laws. He was speaking at the first ever Sustainable Brands Conference to be... 

Up your game on sustainability, challenges Manuel
Photo by Duane Daws
Former Finance Minister Trevor Manuel

Queensland CEOs losing confidence in resources regulation – survey

By: Esmarie Swanepoel     16th May 2016 Confidence levels among resource company CEOs in Queensland are at a near five-year low, a Queensland Resources Council (QRC) survey has found. QRC CEO Michael Roche said compared to a year ago, the latest findings revealed a stark change in CEOs' confidence about regulation and doing business... 

Strong platinum leadership needed – Sibanye

By: Martin Creamer     13th May 2016 Strong leadership is required in the fragmented South African platinum mining sector, which newcomer Sibanye Gold described on Friday as having too much unprofitable production and questionable capital allocation. Speaking at the 2016 Oxford Platinum Lectures, CEO Neal Froneman told his UK... 

Strong platinum leadership needed – Sibanye
Photo by Duane Daws
Neal Froneman

African Mining Vision crucial for unlocking potential of continent’s natural resources sector – AU official

By: Ilan Solomons     13th May 2016 The Africa Union’s (AU’s) African Mining Vision (AMV) is a crucial instrument for achieving the goals of Agenda 2063 by unlocking the full potential of Africa’s natural resources sector, asserts AU trade and industry commissioner Fatima Haram Acyl. The AMV is a pathway, formulated by African... 

African Mining Vision crucial for unlocking potential of  continent’s natural resources sector – AU official
FATIMA HARAM ACYL The African Mining Vision emphasises the transformative role played by the minerals sector in the national development goals of African countries

Eldorado swings to Q1 headline loss, homes in on project pipeline

By: Henry Lazenby     12th May 2016 Geographically diversified Canadian gold producer Eldorado Gold has swung to a first-quarter headline loss of $700 000, or nil per share, as gold sales volumes fell 27% year-on-year, along with slightly lower gold prices, resulting in a 29% drop in gold revenues. The company reported adjusted net... 

WA resources sector warns of delays in passage of mining Bill

By: Esmarie Swanepoel     11th May 2016 The Western Australian resources sector has lamented the delay in the passage of the Western Australian Mining Legislation Amendment Bill as the Parliamentary Standing Committee on Legislation made further changes to the Bill. Former Mines and Petroleum Minister Bill Marmion in February this... 

WA resources sector warns of delays in passage of mining Bill
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