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Revitalisation of mining towns critical

     Updated 5 hours ago It is important for the Parliamentary Portfolio Committee on Human Settlements to hold those tasked with the implementation of the Special Presidential Package for Distressed Mining Towns accountable, chairperson Nocawe Mafu says, stating that this project is critical for the wellbeing of the... 

Electricity-slashing platinum game changer expected by December

By: Martin Creamer The target date is the end of this year for the decision to go ahead with the commercial implementation of a paradigm shift technology that will mine and refine platinum in an integrated on-site process and use only a tenth of the electricity normally consumed. Major detail design work has... 

Electricity-slashing platinum game changer expected by December
Photo by Duane Daws
Arne Frandsen

DRC’s proposed new mining code a ‘grave risk’ - CoM

By: Natasha Odendaal The Democratic Republic of Congo’s (DRC’s) revamped mining code is likely to set the mining industry’s development back by at least ten years, DRC Chamber of Mines vice-chairperson and former Mines Minister Simon Tuma-Waku said on Thursday. The “new-look” proposed legislation, which was submitted... 

Report shows Australian miners’ tax burden has risen in recent years

By: Esmarie Swanepoel A new report commissioned by the Minerals Council of Australia (MCA) has revealed that mining tax ratios in the Australian mining industry were at, or above, the long-term average, despite legislative reforms. In the report, titled 'Mining Tax Ratios Revisited', author Chris Richardson, a... 

Report shows Australian miners’ tax burden has risen in recent years

Sigh of relief as WA holds royalty rates steady

By: Esmarie Swanepoel The Western Australian mining industry breathed a sigh of relief as Mines and Petroleum Minister Bill Marmion announced that there would be no changes in royalty rates during the year. Marmion on Wednesday released the results of the Mineral Royalty Rate Analysis (MRRA), which made a number of... 

Sigh of relief as WA holds royalty rates steady

US SEC spent $2.75m on conflict mineral rules, White says

By: Reuters The US Securities and Exchange Commission (SEC) has spent about $2.75-million to write, implement and defend itself against legal challenges to its "conflict mineral rules," SEC chairperson Mary Jo White revealed this month. The cost estimates, laid out in a March 16 letter to top lawmakers on... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

New mining legislation to empower Indian provinces

By: Ajoy K Das Under new Indian mining legislation, mineral-bearing provinces have been fully empowered to auction mineral resources; however, guidelines and auction documents would need to adhere to templates established by the federal government. According to a Mines Ministry official, standardised rules for... 

Chilean Environmental Court rejects claims that Barrick damaged glaciers

By: Henry Lazenby Chile's Environmental Court  ruled on Monday that the Pascua-Lama project straddling the Chilean/Argentinian border had not damaged glaciers within the project's area of influence. Barrick reaffirmed its commitment to work with stakeholders and local communities in Chile to advance Pascua-Lama in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Pallinghurst shares rise on triple performance in troubled times 

By: Martin Creamer The shares of diversified mining company Pallinghurst rose by more than 4% in Johannesburg on Monday after the company reported a rise on the performance of its platinum, manganese and coloured gemstones business units during troubled times. In the 12 months to December 31, the JSE-listed... 

Pallinghurst shares rise on triple performance in troubled times
Photo by Duane Daws
Arne Frandsen

Chilean miner announces good and bad news

By: Keith Campbell London Stock Exchange-listed Chilean-based copper miner Antofagasta, a FTSE 100 company, last week announced that it had resolved a dispute with local communities at its Minera Los Pelambres subsidiary regarding local water supplies, an issue brought on by a continuing drought. Protestors had... 

EIA regulation amendments promotes integration

By: David D‘ Oliveira The amendments to the Environmental Impact Assessment (EIA) Regulations under the National Environmental Management Act, which came into effect in December last year, supports the early integration of social and environmental aspects into mining project design, says consulting engineers and... 

EIA regulation amendments promotes integration
Photo by Duane Daws
SMOOTHER LICENSING PROCESS Mine design, site selection and infrastructure layouts should be identified before commencing environmental permitting

Increased focus on enviro management in tough investment climate

By: David D‘ Oliveira The increasing focus on mitigating the environmental and social impacts of mining is making securing financing to develop new and expand existing mining projects more difficult, says specialist mining consultancy The MSA Group. MSA principal environmental consultant Robin Bolton explains that... 

Increased focus on enviro management in tough investment climate
FINDING A SOLUTION Environmental and social risk imperatives will always be present and companies have to find means to identify, manage and limit those risks

Legislative changes to result in improved enviro protection

By: David D‘ Oliveira While recent changes to legislation have not affected the Department of Mineral Resources’ (DMR’s) role as controlling authority in terms of issuing mining environmental authorisations, penalties for noncompliance are greater than what they were under the Mineral and Petroleum Resources... 

Legislative changes  to result in improved enviro protection
Photo by Duane Daws
NEMA AMENDMENTS, SAFER ENVIRONMENT Increased penalties should result in the environment being better protected in the areas affected by mining activities

Nema amendments bring land rehabilitation to the fore

By: David D‘ Oliveira Amendments made to the National Environmental Management Act (Nema) in October last year indicate that government is focusing more on mining-related land rehabilitation schemes, says land rehabilitation membership organisation the Land Rehabilitation Society of Southern Africa (LaRSSA) council... 

Nema amendments bring land rehabilitation to the fore
LAND REHABILITATION FOCUS The Nema amendments have shifted the focus from closure plans as a guide for post-mining planning documentation to rehabilitation plans

Still no word on mooted State-owned miner almost a year after govt revealed plans to table enabling legislation in Parliament

By: Zandile Mavuso It has been almost a year since Mineral Resources Minister Ngoako Ramatlhodi indicated in his 2014 Budget Speech that the Department of Mineral Resources (DMR) will submit the State-owned mining company (Somco) Bill to Parliament for processing, with industry and various stakeholders waiting in... 

Still no word on mooted State-owned miner almost a year after govt revealed plans to table enabling legislation in Parliament

Effective CSR strategies becoming increasingly critical to project success

By: Henry Lazenby With the extractive industry these days being forced to look for viable projects in more far-flung regions, it often entails coming into contact with communities that have, in a sense, been forgotten or neglected by their own governments, potentially adding to project risk. But socioeconomic... 

Effective CSR strategies becoming increasingly critical to project success

Glencore opts for squeaky clean

By: Martin Creamer Mining and marketing giant Glencore on Thursday took the unprecedented step of signing a major human rights commitment with a top human rights body, in a bid to keep its activities beyond reproach and squeaky clean. In its latest step of many recent steps to keep the company firmly on mining's... 

Glencore opts for squeaky clean
Photo by Duane Daws
Ivan Glasenberg

Besra inks heads of agreement to boost investment in Vietnam project

By: Henry Lazenby Canadian gold producer Besra has signed a heads of agreement that could potentially pave the way for a prominent Vietnamese financial institution to become a significant partner in the Phuoc Son project, while injecting new capital. The agreement provided for a coordinated investment in the Phuoc... 

Coal-rich South32 keen to help Eskom solve power issues – Kerr

By: Martin Creamer The BHP Billiton spin-off company South32, with large South African energy coal resources, would be keen to help State power utility Eskom solve some of its primary energy issues, South32 CEO-elect Graham Kerr said on Tuesday. Kerr was speaking to the media in a London teleconference call in... 

Coal-rich South32 keen to help Eskom solve power issues – Kerr
Photo by Bloomberg
Graham Kerr

Future lies in governments creating exciting legislative empowerment – Motsepe 

By: Martin Creamer Southern Africa’s economic future lies in the creation by governments of exciting legislative, regulatory and fiscal empowerment that stimulates private sector investment. That is the view of Patrice Motsepe, executive chairperson of South Africa’s black-controlled African Rainbow Minerals (ARM)... 

Future lies in governments creating exciting legislative empowerment – Motsepe
Photo by Duane Daws
Patrice Motsepe

ARM’s Motsepe urges serious govt intervention on Eskom let down

By: Martin Creamer Patrice Motsepe, chairperson of the black-controlled diversified mining company African Rainbow Minerals, on Monday urged the government to intervene seriously to establish Eskom as a competitive, cost-effective, reliable provider of electricity. Speaking at ARM’s presentation of interim results,... 

ARM’s Motsepe urges serious govt intervention on Eskom let down
Photo by Duane Daws
Patrice Motsepe

Australia proposes ban on offshore dumping in Great Barrier Reef

By: Esmarie Swanepoel Federal Environment Minister Greg Hunt on Monday released details of the commonwealth government’s plans to ban the dumping of capital dredge material in the Great Barrier Reef Marine Park. “We are delivering on our commitment to end this century-old practice. This demonstrates our commitment to... 

Australia proposes ban on offshore dumping in Great Barrier Reef

Across-board ARM review as earnings plunge 56%

By: Martin Creamer Black-controlled diversified mining company African Rainbow Minerals (ARM), which saw its half-year headline earnings plummet by 56%, is responding with an across-the-board review of its performance and expenditure. The JSE-listed company, headed by executive chairperson Patrice Motsepe, on... 

Across-board ARM review as earnings plunge 56%
Photo by Duane Daws
Patrice Motsepe

Goldcorp reaches land-use settlement at Penasquito, Mexico

By: Henry Lazenby Gold major Goldcorp has reached a definitive court approved settlement with a group of Mexican locals regarding the surface and rights to 600 ha of land located within the Penasquito mine land-package. Goldcorp subsidiary Minera Penasquito had negotiated an agreement with the Cerro Gordo Ejido to... 

Greater investment in clean coal technologies needed

Global industry body the World Coal Association (WCA) has called for greater investment in cleaner coal technologies, to meet the growing global energy demand, while also reducing carbon dioxide (CO2) emissions. As coal is currently providing 40% of global electricity, with coal use forecast to... 

Greater investment in clean coal technologies needed
CLEAN COAL The World Coal Association calls for greater investment in cleaner coal technologies to meet the growing global energy demand while also reducing carbon dioxide emissions

Mining CEOs see sustainability as key to future success but transition to inclusive wealth needed

By: Anine Vermeulen While 93% of CEOs see sustainability as important to their company’s future success, most do not know how to successfully embed sustainability into their company, management consulting agency Blank Canvas Int. CEO Raldu Nel tells Mining Weekly. The Risk Radar for Mining and Metals Report for... 

Mining CEOs see sustainability as key to future success but transition to inclusive wealth needed

Documentaries on horrors of mining’s past mooted at Coalsafe

By: Martin Creamer The names of each of the nine mineworkers killed last year in South Africa’s coal mines were flashed singly on to a large screen during a solemn minute’s silence at Thursday’s packed coal safety conference at Emperor’s Palace, where special homage was paid to the thousands of mineworkers who... 

Documentaries on horrors of mining’s past mooted at Coalsafe
Photo by Duane Daws
David Msiza

Exxaro at BEE crossroads

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about the looming deadlines on Exxaro Resources black economic-empowerment transactions. 

Exxaro at BEE crossroads

Besra welcomes improvements to Vietnam gold royalty law

By: Henry Lazenby Canadian gold miner Besra has welcomed a new decree by the Vietnam government that is expected to provide a much more reasonable method of calculating the royalty rate for gold producers operating in the country. The decree, which was issued on February 12, allowed for much of the cost of... 

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