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1 000 platinum-powered Hyundais in UK this year – Amplats

By: Martin Creamer Fuel cell electric vehicles will allow platinum mining to build its future in a truly sustainable way on the back of zero exhaust emissions and the use of the world’s endless supply of hydrogen as a fuel source, Anglo American Platinum (Amplats) CEO Chris Griffith has told Platinum Week 2015 in... 

Companies with Mining Charter shortcomings to receive compliance notices ‘soon’

By: Ilan Solomons The Department of Mineral Resources (DMR) would soon issue compliance notices to mining companies that had recorded shortcomings in terms of complying with the Mining Charter, warned Mineral Resources Minister Advocate Ngoako Ramatlhodi during a media briefing, prior to his Budget Vote speech on... 

Companies with Mining Charter shortcomings  to receive compliance notices ‘soon’
TRANSFORMATION ASSESSMENT The final outcomes of the review of the Mining Charter will provide the required information to determine the scale at which transformation has taken place in the local mining industry over the past ten years

State-owned mining firm Bill reprioritised 

By: Ilan Solomons The State-owned Mining Company (Somco) Bill has been reprioritised and will be referred to Cabinet and Parliament during the current financial year, as government intends for the mining company to play a much larger role in the South African economy, said Mineral Resources Minister Advocate... 

State-owned mining  firm Bill reprioritised
Photo by Duane Daws
AEMFC’S VLAKFONTEIN MINE Minister Ngoako Ramatlhodi has clarified that the State-owned Mining Company Bill’s intention is not to create a new State-owned mining company, as the African Exploration Mining and Finance Corporation already exists

De Beers inviting bids for life-extending takeover of Kimberley Mines 

By: Martin Creamer South Africa’s De Beers Consolidated Mines (DBCM) on Thursday announced its intention to dispose of its Kimberley Mines as a going concern by competitive tender to a new owner able to extend the life of the historic operations beyond 2018 and preserve 650 jobs in the process. The current... 

De Beers inviting bids for life-extending takeover of Kimberley Mines
Photo by Duane Daws
Phillip Barton

New mineral development strategy seeks to maintain Ontario’s pole position 

By: Simon Rees Ontario’s Ministry of Northern Development and Mines (MNDM) executive adviser Rob Merwin recently stressed the importance of attracting back investment, especially in exploration, to the province, which currently had other jurisdictions champing at its heels for the title of Canada's best mining... 

New mineral development strategy seeks to maintain Ontario’s pole position

BHP Billiton resolves ‘bribery’ allegations

By: Megan van Wyngaardt The investigations into BHP Billiton’s previously terminated minerals exploration and development efforts, as well as hospitality provided by the mining giant at the 2008 Beijing Olympic Games, has been concluded by the US Securities and Exchange Commission (SEC) and the US Department of Justice.... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot

By: Martin Creamer The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot
Photo by Duane Daws
Chamber president Mike Teke (right) having a word with his vice-president Graham Briggs.

Peru strike spares output at top copper and gold mines

By: Reuters Peru's production of copper and gold was largely unaffected by a national strike on Monday as unionised workers declined to down tools for fear of losing their jobs and companies used replacements. Walk-outs at some mines, however, might have curbed silver, tin and iron output, according to... 

Iron output from Shougang's Peru mine halted by strike-union

By: Reuters Iron output from the Peru unit of Shougang Group Co Ltd was halted on Monday as the union called a national strike, seeking stronger labour laws for mining workers, union leader Julio Ortiz said. Ortiz said all 963 workers at the mine took part in the strike and the company did not deploy... 

South32 shares rise on JSE debut, BHP Billiton shares fall

By: Martin Creamer Value generation from the assets of South32 in the months ahead of its debut on the Johannesburg Stock Exchange (JSE) is indicative the upside potential of the triple-listed BHP Billiton spin-off company, which saw its shares end up well in the money at the JSE's close on Monday and those of BHP... 

South32 shares rise on JSE debut, BHP Billiton shares fall
Photo by Duane Daws
Mike Fraser (left) with Martin Creamer at South32 listing.

Mining unions in Peru start national strike-union head

By: Reuters Unionised workers at mines in Peru started an indefinite strike on Monday in a bid to press the government to strengthen labour laws, the head of the national mine workers union said. The work stoppages scheduled at several mines threaten to curb mineral production in Peru, the world's... 

Chamber strongly refutes DMR’s HDSA ownership claims

By: Ilan Solomons South Africa’s Chamber of Mines (CoM) asserts that meaningful economic empowerment participation by historically disadvantaged South Africans (HDSAs) has been achieved over the past 12 years in the local mining sector and that its member companies – which account for about 90% of all local mining... 

Chamber strongly refutes DMR’s HDSA ownership claims
Photo by Duane Daws
Mike Teke

Mining Charter goals not met as planned

By: Megan van Wyngaardt There are still many shortcomings in the local mining industry, with many targets set out in the Mining Charter not being met. The Mining Industry Growth Development and Employment Task Team, led by Mineral Resources Minister Ngoako Ramatlhodi, found that, overall, 45% of mining right holders had... 

Alcohol testing equipment gains momentum

By: Pimani Baloyi Substance abuse and specialised safety equipment supplier PSA Africa has noted increased interest from the mining industry in its Lifeloc FC5 Sentinel alcohol testing product, which was launched onto the South African market last year. PSA Africa product manager Michael Crossland tells Mining... 

Alcohol testing equipment gains momentum
HUMAN ERROR REMOVED The Lifeloc FC5 Sentinel eliminates the possibility of human error by being fully automated

Renewable energy punted as a viable option as load-shedding bites

By: Zandile Mavuso With the South African mining industry contributing about 18% to the country’s gross domestic product, available and reliable electricity supply remains crucial in ensuring uninterrupted mining production. 

Renewable energy punted as a viable option as load-shedding bites

Rickford opens TSX in honour of National Mining Week

By: Henry Lazenby Canada’s Natural Resources Minister and Minister for the Federal Economic Development Initiative for Northern Ontario Greg Rickford opened the market at the TSX on Thursday in honour of National Mining Week, a yearly celebration of Canada's international leadership and expertise in mining.... 

Mining industry still has much to do – Ramatlhodi 

By: Megan van Wyngaardt In light of all the downscaling activity in the local mining industry, Mineral Resources Minister Ngoako Ramatlhodi on Thursday said he was “alarmed at the rate at which retrenchments have been taking place”. Most recently, platinum miner Lonmin announced that it was looking to scale down by... 

Mining industry still has much to do – Ramatlhodi
Photo by Duane Daws
Minister Ngoako Ramathlodi

WA to sell assets to cover debt, but won't hike royalty rates

By: Esmarie Swanepoel The Western Australian government on Thursday announced that it would be pursuing a second tranche of asset sales in an effort to retire debt and fund new major projects, as declining commodity prices impacted the state’s bottom line. Revenues for the year fell by 13%, or A$3.9-billion compared... 

Ecuador's leader says no more tweaks to mining tax law

By: Reuters Ecuador's President Rafael Correa said on Wednesday he was not planning any additional overhaul of the Andean country's mining law, likely disappointing investors who have been pushing for lower taxes. The government has pushed through a number of reforms since 2009, but foreign gold, silver and... 

Budget acknowledges importance of resources to Australian economy

By: Esmarie Swanepoel Federal Treasurer Joe Hockey has given kudos to the resources industry for supporting the country’s economy, a move that has been welcomed by industry bodies across the country. Announcing the federal Budget in Parliament on Tuesday evening, Hockey said that Australia’s iron-ore exports to China... 

Budget acknowledges importance of resources to Australian economy

Australia to develop tax disclosure code – Hockey

By: Esmarie Swanepoel Australia has revealed new measures and penalties to ensure large multinational companies pay their ‘fair share’ of taxes. Delivering the 2015 federal Budget, Treasurer Joe Hockey said on Tuesday that the government was committed to greater transparency in the commercial dealings of large... 

Wescoal’s BEE ambitions get deadline

By: Natasha Odendaal Junior coal mining and trading group Wescoal’s ambitious black empowerment plans, which are key for the JSE-listed group’s contracts with power utility Eskom and other export opportunities, are likely to come to head by December 2016. Speaking to Mining Weekly Online prior to a shareholder update... 

India’s Mines Ministry rules out levy concessions, directs creation of DMFs

By: Ajoy K Das Ruling out any concession on levies placed on mining operations as stipulated under new legislation, India’s Mines Ministry has directed all provincial governments to immediately set up District Mineral Funds (DMFs). In a communication to governments of all mineral bearing provinces, the... 

Australia targets multinational firms in anti-avoidance laws

By: Esmarie Swanepoel The Australian government plans to institute anti-avoidance legislation against multinational companies, Treasurer Joe Hockey announced on Tuesday ahead of his Budget speech later in the evening. Hockey stated that the anti-avoidance law would deal with 30 identified multinational companies,... 

Australia targets multinational firms in anti-avoidance laws

Fed Mining Minister Rickford celebrates 19th National Mining Week

By: Henry Lazenby Canada’s Minister of Mining Greg Rickford on Monday celebrated the 19th National Mining Week that would run to Friday, touting the country’s international leadership and innovation in the sector and underscoring the importance of mining to communities across Canada. "Quite simply, mining matters... 

Fed Mining Minister Rickford celebrates 19th National Mining Week

Canadian major, midtier miners urged to prepare for transparency act compliance

By: Simon Rees The introduction of the Extractive Sector Transparency Act (ESTMA) would represent a sea change in the reporting of payments to government for Canadian seniors and midtiers, Borden Ladner Gervais partner Andrew Powers told an audience at the Canadian Institute of Mining’s management and economic... 

Canadian major, midtier miners urged to prepare for transparency act compliance

Zambezi Platinum listing proffers R4bn for Northam growth

By: Martin Creamer Zambezi Platinum, the company created to house the newly constituted black shareholding in Northam Platinum, will be listed on the main board of the JSE on Monday. As the kernel of JSE-listed Northam’s R6.6-billion black economic empowerment (BEE) ownership deal, Zambezi simultaneously make... 

Zambezi Platinum listing proffers R4bn for Northam growth
Photo by Duane Daws
Lazarus Zim

NUM disappointed with DTI's clarification notice on BBBEE codes

By: Megan van Wyngaardt The National Union of Mineworkers (NUM) on Friday said it was “shocked and disdained” by the recent clarification notice issued by the Department of Trade and Industry (DTI) on the new broad-based black economic-empowerment (BBBEE) Codes of Good Practice. Earlier this week, the DTI published a... 

NUM disappointed with DTI's clarification notice on BBBEE codes

Ramatlhodi addresses industry uncertainties, DMR budget increases to R1.6bn

By: Ilan Solomons Mineral Resources Minister Advocate Ngoako Ramatlhodi remains confident that the resilience of South Africa’s mining industry will enable it to emerge from the current operating climate with minimal damage to the industry’s long-term sustainability. During his budget vote speech for the 2015/16... 

Ramatlhodi addresses industry uncertainties, DMR budget increases to R1.6bn

NDP's Alberta win drags TSX to one-month low

By: Reuters Canada's main stock index dropped about 1% on Wednesday, hitting a one-month low, as the victory of the New Democratic Party (NDP) in oil-rich Alberta's provincial election hit energy shares. The left-wing NDP beat the Progressive Conservatives in a crushing win that ended the centre-right... 

US pressures start to mount for scandal-hit Petrobras

By: Simon Rees The pressures embattled oil giant Petrobras might face in the US have started to crystallise, with important implications not just for the company but also for its suppliers, contractors and individual executives. The released its long-delayed but audited financial results on April 22, which... 

US pressures start to mount for scandal-hit Petrobras
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