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Legislative Environment News

Zambian mining group says tax changes will hit mineral exploration

By: Reuters     16th October 2018 Zambia's proposed mining tax increases will hit mineral exploration and production in Africa's second biggest copper producer, companies involved in exploration said on Tuesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help... 

Court says Colombia votes cannot block mining, oil projects

By: Reuters     12th October 2018 Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried... 

Congo miners seek concessions in new code as arbitration on hold

By: Bloomberg     12th October 2018 Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers... 

Congo miners seek concessions in new code as arbitration on hold
Kibali gold mine

Graphex positive common ground to be found

By: Erin Steenhoff-Snethlage     12th October 2018 Australian mineral exploration and development company Graphex Mining submitted a 200-page document to the Tanzanian Ministry of Minerals earlier this month. The submission contains recommendations regarding the new mining legislation that was announced in Tanzania in July 2017. “At one of our... 

Graphex positive common ground to be found
COMMON GROUND The future of the Tanzanian mining industry relies on finding common ground between investors and the government

Eskom optimistic plan to boost coal stocks will prevent power outages

By: Paige Müller     12th October 2018 The continuing coal supply shortage at State-owned power utility Eskom Holdings is considered a crisis by industry commentators. Although conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.... 

Eskom optimistic plan to boost coal stocks will prevent power outages

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

DRC, Tanzania resource nationalist measures more extreme – Leon 

By: Martin Creamer     10th October 2018 The resource nationalist measures being implemented in the Democratic Republic of Congo (DRC) and Tanzania are significantly more extreme than those being adopted and even considered in most other African countries. One likely reason for this is that the DRC and Tanzania both suffer from... 

DRC, Tanzania resource nationalist measures more extreme – Leon
Photo by Creamer Media
Peter Leon

Zambia says open to dialogue with miners over tax increases

By: Reuters     8th October 2018 Zambia's Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government's plans to increase mining taxes. Africa's second-largest copper producer said late last month that it would introduce new mining duties and increase royalties to help bring down... 

South Africa researching hydrogen storage for platinum-using fuel cells

By: Martin Creamer     5th October 2018 South Africa’s Council for Scientific and Industrial Research (CSIR) is researching innovative hydrogen storage technologies that have the potential to be key enablers of platinum-catalysed fuel cells, which generate clean electricity using hydrogen as a fuel and platinum as a catalyst. The... 

South Africa researching hydrogen storage for platinum-using fuel cells

Village Main Reef, three unions conclude wage agreement

By: Simone Liedtke     5th October 2018 Village Main Reef has concluded a wage agreement with the National Union of Mineworkers (NUM), Solidarity and Uasa in respect of wages and conditions of service for the period from July 1, 2018, to June 30, 2021. The Association of Mineworkers and Construction Union (AMCU) is still considering... 

Charter continues expropriation of investor returns – Paul Miller

By: Nadine James     5th October 2018 Mining Charter 3 has continued its predecessor’s trajectory of setting a “progressive creeping expropriation of investor returns”, CCP 12J Fund MD Paul Miller told delegates at the Joburg Indaba this week. He noted that South Africa had always relied on attracting foreign capital, adding that the... 

Charter continues expropriation of investor returns – Paul Miller
Photo by Dylan Slater
PAUL MILLER

India’s Mines Ministry pushes for governance of minor mineral sector

By: Ajoy K Das     5th October 2018 India’s Mines Ministry is pushing 21 mineral bearing states to bring about better organisation and governance of the fragmented minor mineral sector, plagued by illegal mining and major law and order issues. The Mines Ministry has convened a meeting of all these states next week, to take stock... 

Mines urged to do ‘all they can’ to limit pollution from used oil

By: Nadine James     5th October 2018 The mining industry consumes about 25% of the country’s lubricants - accounting for approximately 300-million litres of oil a year, of which 40% is potentially recyclable used oil, notes the Recycling Oil Saves the Environment (ROSE) Foundation. The organisation notes that used-oil is classified... 

North Africa’s overreliance on hydrocarbons under the spotlight at Uneca-convened meeting

By: Nadine James     5th October 2018 The United Nations Economic Commission for Africa (Uneca) office in North Africa initiated an expert group meeting in Morocco last week, to tackle North Africa’s overreliance on hydrocarbons and its policy environment under the theme: “Quality of institutions and structural transformation:... 

Mining firms say Zambia's tax hike plan would ruin economy

By: Reuters     4th October 2018 Zambia's proposed mining tax increases would hobble Africa's second biggest copper industry, companies said on Thursday, a further warning to investors already concerned about the country's mounting debt. Several mines would become unprofitable if the tax plans were implemented with overall... 

Charter a stepping stone towards mining industry recovery, but tech adoption needed

By: Marleny Arnoldi     3rd October 2018 Exxaro Resources CEO and Minerals Council South Africa (MCSA) president Mxolisi Mgojo said 2018 was a second watershed moment for South Africa’s mining industry, following the finalisation of Mining Charter 3. The first moment of this magnitude, he noted, was in 2004, when the Minerals and... 

Charter a stepping stone towards mining industry recovery, but tech adoption needed
Photo by Dylan Slater
MCSA chairperson Mxolisi Mgojo

High administrative costs, industry uncertainty holding mining back

By: Nadine James     3rd October 2018 The mining sector is poised for a positive future but is still hindered by a “harsh” environment, Minerals Council South Africa CEO Roger Baxter stated at the Joburg Indaba, on Wednesday. In his keynote address, titled ‘A harsh environment in South Africa or a new dawn’, he noted that one of the... 

High administrative costs, industry uncertainty holding mining back
Photo by Dylan Slater
MCSA CEO Roger Baxter

Peru's mining investment boom leaves political woes behind

By: Bloomberg     3rd October 2018 Peru’s ability to post eight consecutive months of investment growth is calming fears that political woes would derail mining activity in the world’s second-largest producer of copper, zinc and silver. Mining investment in Peru jumped 6.3% August compared with last year, to $395-million,... 

MCSA to engage Mantashe on ‘unresolved’ issues in Mining Charter 3

By: Nadine James     3rd October 2018 The Minerals Council South Africa (MCSA) has resolved to further engage Mineral Resources Minister Gwede Mantashe on “unresolved” issues in Mining Charter 3, which was gazetted on September 27. These unresolved issues include the limited applicability of continuing consequences of past... 

MCSA to engage Mantashe on ‘unresolved’ issues in Mining Charter 3
Photo by Dylan Slater
MCSA CEO Roger Baxter

Zambia mines to pay mineral royalties in dollars to stabilize kwacha

By: Reuters     3rd October 2018 Zambia has asked mining companies to pay mineral royalties directly to the central bank in dollars as one of the measures to help stabilise its kwacha currency , its finance minister said on Tuesday. The kwacha gained more than 5% to close at 11.9500 per dollar on Tuesday after hitting 12.6750 on... 

EY urges mining companies to adopt a cohesive approach to implementing digital initiatives

By: Tasneem Bulbulia     2nd October 2018 Digital solutions in the mining sector are typically disconnected, with each solution designed specifically to deal with one element of the mining value chain. Companies operating in the sector are, however, being advised to pursue long-term, integrated solutions that work across the mining value... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

Botswana manganese estimate fires up aspirant battery supplier

By: Martin Creamer     1st October 2018 A maiden mineral resource at the Kgwakgwe Hill manganese field in Botswana has given a Toronto venture exchange junior exploration company sufficient confidence to proceed immediately with a preliminary economic assessment, Mining Weekly Online can today report. The mineral resource estimate,... 

Botswana manganese estimate fires up aspirant battery supplier
Maiden manganese mineral resource announced in Botswana

Law firms see benefits of gazetted Mining Charter 3, MPRDA amendment Bill removal

By: Simone Liedtke     28th September 2018 To effect the necessary changes that are needed for South Africa’s economy to grow, government and industry will, moving forward, have to focus on economic assessments, instead of policy development, says law firm Webber Wentzel partner and mining sector head Jonathan Veeran. Following the... 

Law firms see benefits of gazetted Mining Charter 3, MPRDA amendment Bill removal
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Joburg Indaba to provide ‘reality check’, promote investment

By: Paige Müller     28th September 2018 This year’s Joburg Indaba will focus heavily on the economic environment and South African government’s role in encouraging investment in the embattled local mining sector, says investment conference specialist and organiser of the Joburg Indaba, Resources 4 Africa. Resources 4 Africa CEO Paula... 

Joburg Indaba to provide ‘reality check’, promote investment
MEANINGFUL DEBATE The Joburg Indaba is known as a mining conference which creates a competitive advantage by facilitating an environment where industry leaders can have honest, open and direct conversations

Industry leaders to tackle concerns at Indaba

By: Paige Müller     28th September 2018 With the economy and Mining Charter front of mind, the 2018 Joburg Indaba – taking place from October 3 to 4 at the Inanda Club, in Johannesburg – will scrutinize the mining industry and the economy, says event organiser Resources 4 Africa. Key speakers will focus on diverse topics, with the... 

Industry leaders to tackle concerns at Indaba
MEANINGFUL DEBATE Debates at the Joburg Indaba are decided in response to the pressing need to focus on relevant and crucial issues in the mining industry throughout the course of the year

Panel discussions around legal uncertainty in SA mining

28th September 2018 Global law firm ENSafrica – a premium sponsor, speaker and panellist at this year’s Joburg Indaba – states that it is eager to take part in this year’s panel discussion themed around legal uncertainty. “With the Joburg Indaba hosting its fourth event this year, it has become one of the... 

Panel discussions around legal uncertainty in SA mining
LLOYD CHRISTIE The mining industry needs to keep an eye on “the tomorrow”, probably more than most, and, in South Africa, it needs to remain mindful of the ‘yester-sorrow’

Study demonstrates policy and sector decline link

By: Paige Müller     28th September 2018 Country-risk strategy and economics advisory firm Eunomix will release its latest study, completed on August 31, at this year’s Joburg Indaba, in which it demonstrates the causal relationship between the decline of the South African mining sector and the local policy environment. Eunomix CEO... 

Study demonstrates policy and sector decline link
CLAUDE BAISSAC The study shows that the impact of commodity price fluctuation has been more severe in South Africa than in peer countries

Industry expert to discuss coal, energy crisis

By: Paige Müller     28th September 2018 Coal industry heavyweight and consulting firm XMP Consulting senior coal analyst Xavier Prévost will endeavour to provide the industry with insight into how best to implement “rescue” plans to help stave off the “coal cliff”, at this year’s 2018 Joburg Indaba. Prévost tells Mining Weekly that he... 

Industry expert to discuss coal, energy crisis
XAVIER PRÉVOST Investors have adopted an attitude of “wait and see”

MC Mining eyeing acquisition, project access, SEZ 

By: Martin Creamer     27th September 2018 Coal exploration, development and mining company MC Mining, which has painstakingly removed many obstacles in its path in the last five years, is targeting the acquisition of a second suitable operational coal mine in the mould of the cash-generative Uitkomst, taking strong steps to secure access... 

MC Mining eyeing acquisition, project access, SEZ
MC Mining CEO David Brown interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Dylan Slater

Resources Watch  

27th September 2018 Mandela Mining Precinct to bolster mining sector; and Pan African’s rapid turnaround removes false notions on doing business in SA 

Resources Watch
Resources Watch

Mantashe confirms gazetting of Mining Charter 3 

By: Simone Liedtke     27th September 2018 Mineral Resources Minister Gwede Mantashe on Thursday confirmed that the Mining Charter 3 had officially been gazetted. Coupled with this, he stated during a media briefing, in Pretoria, that a formal request has been submitted to the Speaker of the National Assembly and the National Council of... 

Mantashe confirms gazetting of Mining Charter 3
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

RBPlat raises R239m equity capital in bookbuild

By: Martin Creamer     27th September 2018 Platinum mining company Royal Bafokeng Platinum (RBPlat) on Thursday announced the closure of a bookbuild that will result in the private placing of R239-million worth of shares that is scheduled to begin on October 2. RBPlat announced the launch of the accelerated bookbuild offering of new... 

Ramaphosa's stimulus plan, Australia's Taskforce and Barrick's $18.3bn deal make headlines  

27th September 2018 This week, Ramaphosa moves to revitalise mining, Australia ensures its mining competitiveness and Barrick Gold buys Randgold Resources. Mining Weekly editor Martin Creamer unpacks the headlines.   

Ramaphosa's stimulus plan, Australia's Taskforce and Barrick's $18.3bn deal make headlines
Ramaphosa's stimulus plan, Australia's Taskforce and Barrick's $18.3bn deal make headlines

Sibanye highlights Lonmin, DRDGold deal attractions at Denver

By: Martin Creamer     26th September 2018 The progressing Lonmin acquisition and the already done DRDGold deal have been highlighted to the Denver Gold Forum by Sibanye-Stillwater, which is currently hosting investors and analysts at its Stillwater mine in Montana. The forum heard how the Lonmin acquisition would add significantly to... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Mantashe to unpack finalised Mining Charter on Thursday

By: News24Wire      26th September 2018 Minister of Mineral Resources Gwede Mantashe will on Thursday morning brief members of the media on the finalised version of the Mining Charter. The long-awaited release of a renewed charter comes a week after Minister of Communications Nomvula Mokonyane confirmed that it had been approved by... 

Mantashe to unpack finalised Mining Charter on Thursday
Mineral Resources Minister Gwede Mantashe

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

Ramaphosa aims to crowd in private resources for infrastructure fund
Photo by GCIS
President Cyril Ramaphosa
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