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Niko Resources’ stock tumbles after Indian govt announces new gas price

By: Henry Lazenby     Updated 16 minutes ago Calgary-based Niko Resources, which has oil and gas exploration operations across Southeast Asia, on Monday said that it was currently evaluating the impact of the Indian government’s new domestic gas pricing policy on its assets in the country. The company’s TSX-listed stock on Monday fell by... 

Davis Tax Committee mulls ways to 'detect and deter' corporate tax avoidance

By: Terence Creamer     Updated 3 hours ago The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted on Monday that recommendations were being considered to “detect and deter” tax-avoiding financial... 

Davis Tax Committee mulls ways to 'detect and deter' corporate tax avoidance
Photo by Duane Daws
Judge Dennis Davis

India to legislate new law to acquire illegally allotted land

By: Ajoy K Das The Indian government is readying new legislation to acquire land bought by companies whose coal blocks the Supreme Court declared to be illegally allotted. The law, in the form of an ordinance prepared by the Coal Ministry, was expected to be approved by the government before month-end, since... 

Ugandan mining investment opportunities to come under the spotlight at seminar to be held later this month

By: Zandile Mavuso Support services company Africa Exchange in partnership with multinational consulting firm KPMG is set to host the Uganda Country Focus Seminar on October 27 in which topics such as foreign investment into the undeveloped Ugandan mining sector will be discussed. 

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Renewable energy could open door to social licence for new mines in RoF 

By: Henry Lazenby A poll released on Thursday revealed that First Nations living in the remote far northern reaches of Ontario, including near the latent Ring of Fire minerals-rich district, would be more agreeable to allow mining projects to take root near their communities if the mines were to make use of... 

Renewable energy could open door to social licence for new mines in RoF

Zuma must not sign mining Bill – Bridgette Radebe

By: Sapa Mining magnate Bridgette Radebe has asked President Jacob Zuma not to sign the Minerals and Petroleum Resources Development Act Amendment Bill into law, she said on Thursday. Radebe told the Cape Town Press Club the SA Mining Development Association (Samda), of which she is president, made the... 

Zuma must not sign mining Bill – Bridgette Radebe

De Beers, NUM sign three-year wage deal 

By: Martin Creamer The South African arm of Anglo American diamond company De Beers on Tuesday signed a three-year wage agreement extending to 2016 with the National Union of Mineworkers (NUM). The three-year-duration wage deal was the first of its kind with NUM, said De Beers Consolidated Mines (DBCM), which runs... 

De Beers, NUM sign three-year wage deal
Photo by Duane Daws
DBCM CEO Phillip Barton

Outgoing Nedlac chief remains in place for Nov labour indaba

By: Terence Creamer National Economic Development and Labour Council (Nedlac) executive director Alistair Smith, who has resigned from the organisation, will continue in his role until January. He will, therefore, still play a central role at the upcoming Labour Relations Indaba, which is scheduled for November 4 in... 

Outgoing Nedlac chief remains in place for Nov labour indaba
Photo by Duane Daws
Nedlac executive director Alistair Smith

Kibo shares lift on prospect of study spawning early gold production

By: Martin Creamer The share price of Kibo Mining rose by more than 11% in Johannesburg on Tuesday on the prospect of a commenced definitive feasibility study opening the way for early gold production at the company’s Imweru prospect, in Tanzania. The six-year-old Aim- and AltX-listed exploration and development... 

Kibo shares lift on prospect of study spawning early gold production
Kibo CEO Louis Coetzee

Costs down, revenue up, diamonds selling well – Rockwell

By: Martin Creamer Alluvial diamond mining company Rockwell Diamonds, which managed to cut its costs radically in the three months to August 31 after nine consecutive quarters of revenue lift, said on Friday that its diamonds were selling well in a stabilising market that was no longer prone to wild swings. The... 

Costs down, revenue up, diamonds selling well – Rockwell
Photo by Duane Daws
Rockwell CEO James Campbell

Law for ‘one environmental system’ relating to mining, related activities comes into force

By: Chantelle Kotze The National Environmental Management Laws Amendment Act (Nemla 3) came into force last month on September 3. Nemla 3 forms part of a suite of new laws that will give rise to the “One Environmental System” for South Africa relating to mining and related activities. 

Law for ‘one environmental system’ relating to mining,  related activities comes into force
GARYN RAPSON The National Environmental Management Laws Amendment Act aims to give rise to the “One Environmental System” for South Africa’s mining industry

Monitoring, assessing of land reclamation methods gaining momentum in SA

By: Chantelle Kotze The mining industry contributes significantly to South Africa’s economic development and job creation. It also remains an infinite source of growth for the country, which means that post-mining landscapes that are socially inclusive, self-sustaining and financially viable need to be established. 

Monitoring, assessing of land reclamation methods gaining momentum in SA

Outlook for Tanzania mining industry still positive – Ministry

By: Mia Breytenbach Despite a recognised slowdown in exploration spending owing to credit challenges, Tanzania’s Ministry of Energy and Minerals believes the country’s mining industry remains vibrant as it diversifies its commodity base from gold to base metals, including iron, copper and nickel, and to energy... 

Outlook for Tanzania mining industry still positive – Ministry
NEW PROSPECTS There is potential for new medium midtier and large-scale mines on the horizon for Tanzania, despite current market conditions

Regulatory certainty, competitiveness essential for investment

By: Zandile Mavuso South Africa’s mining sector is one of the key sectors that has the ability to foster the county’s economic growth; however, the need for regulatory certainty and remaining globally competitive remain critical in attracting investment into the sector, says Jo’burg Indaba chairperson Bernard... 

Tanzania mining needs regulatory certainty, transparency – law firm

By: Mia Breytenbach Tanzania’s mining industry is currently facing several key challenges, including the need to attract investment for exploration in a difficult financial climate, compounded by regulatory uncertainty discouraging additional investment, states law firm Norton Rose Fulbright Tanzania director Adam... 

Tanzania mining needs regulatory certainty, transparency – law firm
MINING PROSPECTS To unlock mining potential in Tanzania, more investment in infrastructure and power is required

Tanzania mining sees uptake in reinvestment

By: Mia Breytenbach Tanzania’s mining sector has suffered in recent years, owing to “an unpleasant cocktail” of escalating production costs, a subdued gold price, fiscal and regulatory uncertainty, and power shortages in the country’s north-west, says strategy and communications consultancy africapractice Tanzania... 

Tanzania mining sees uptake in reinvestment
Photo by Matt Mawson
RENEWED INTEREST Mining companies have worked hard to lower their all-in production costs, while companies appear willing to reinvest in exploration and development in Tanzania

Commodities under pressure as China continues economic realignment

By: Simon Rees Commodity prices will continue to face near-term challenges that are linked to the dip in Chinese growth. However, support is likely to come from the country’s new economic agenda, Scotiabank VP and commodity market specialist Patricia Mohr told attendees at the recent Global Chinese Financial... 

Commodities under pressure as China continues economic realignment

Constructive winds blowing in South African mining – Goldman Sachs

By: Martin Creamer There are signs of very constructive winds blowing in the South African mining sector despite many being overwhelmed by the negative headlines, says Goldman Sachs International MD Colin Coleman. Coleman, who took part in a panel discussion on the first day of the Joburg Indaba, predicts a... 

Constructive winds blowing in South African mining – Goldman Sachs
Photo by Duane Daws
Goldman Sachs' Colin Coleman

Ivanhoe blasts media report alleging South African transgressions

By: Henry Lazenby Ivanhoe Mines on Wednesday hit back at a media report by Bloomberg that, among other accusations, alleged the company had rigged representative elections to a community trust that was set up as part of a broad-based black economic-empowerment (BBBEE) deal that gave 20 local communities a 26%... 

Ivanhoe blasts media report alleging South African transgressions

Modernise South African mining or bust – Valli Moosa

By: Martin Creamer The South African mining industry needed to undergo a fundamental phase in modernisation in every way, Anglo American Platinum (Amplats) independent chairperson Valli Moosa said on Wednesday. The former South African Cabinet Minister and apartheid struggle veteran told a key Joburg Indaba... 

Modernise South African mining or bust – Valli Moosa
Photo by Duane Daws
Amplats chairperson Valli Moosa

Goldcorp's El Morro mine halted by Chile Supreme Court

By: Reuters Chile's Supreme Court has halted the development of the El Morro gold and copper mine owned by Canada's Goldcorp, saying that local indigenous groups who oppose the $3.9-billion project need to be better consulted. The court said on Tuesday that an environmental permit awarded last year should... 

Goldcorp's El Morro mine halted by Chile Supreme Court

Oyu Tolgoi underground funding pledges lapse as govt talks continue

By: Henry Lazenby Project finance lender commitments for the stalled $5.4-billion proposed underground development of Turquoise Hill’s Oyu Tolgoi mine, in Mongolia, this week expired as the Rio Tinto subsidiary continued with deadlocked talks with government. Turquoise Hill on Thursday explained that its parent,... 

Oyu Tolgoi underground funding pledges lapse as govt talks continue

Announcement on MPRDA Amendment Bill imminent – Minister

By: Chantelle Kotze Mineral Resources Minister Ngoako Ramatlhodi said last month, during a visit to the Electra Mining Africa Exhibition, that he had met with President Jacob Zuma concerning the Mineral and Petroleum Resources Development Act Amendment Bill and was “certain that the President will make an... 

Announcement on MPRDA Amendment Bill imminent – Minister
NGOAKO RAMATLHODI Mining exhibitions such as Electra Mining Africa are important for the mining sector in terms of exposing local technology to the world and to expose the country to technologies from elsewhere

Mining industry needs continuous reform - WA govt

By: Esmarie Swanepoel Western Australia’s Department of Mines and Petroleum on Thursday said that continuing reform was necessary for the state’s A$121-billion-a-year resources industry to remain competitive in the current commodities market. Speaking at the Paydirt Nickel conference, director-general Richard Sellers... 

Mining industry needs continuous reform - WA govt

Resources Watch

By: Creamer Media Reporter Mineral Resources Minister Ngoako Ramatlhodi says an announcement on the MPRDA Amendment Bill is imminent. Adventure Shells offers the latest technology in modular construction solutions. And, the Stemlock Gas Bag saves up to 35% in explosives costs. 

Resources Watch

Besra back in business in Vietnam

By: Henry Lazenby TSX- and ASX-listed Besra on Wednesday announced that it had resumed production at its Bong Mieu gold mine, in central Vietnam, after a hiatus of almost 11 months. Operations at Bong Mieu were suspended in November last year following substantial damage to local roads and infrastructure by... 

Besra back in business in Vietnam

Greenland appears headed for new election, opposition claims majority

By: Reuters The leader of Greenland's top opposition party said on Wednesday enough parliamentarians have crossed over to her side to bring about fresh elections after the prime minister took a leave of absence in a dispute over her use of public finances. The political turmoil is likely to paralyse the... 

Greenland appears headed for new election, opposition claims majority

National debate needed on ways to lower high rail costs – CoAL

By: Martin Creamer A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly seven-million tons of saleable product a year, more than... 

National debate needed on ways to lower high rail costs – CoAL
Photo by Duane Daws
CoAL CEO David Brown

Greenland PM's leave creates uncertainty for fledgling mining industry 

By: Reuters Greenland's prime minister narrowly avoided a vote of no confidence on Tuesday but will temporarily leave office while auditors investigate whether she misused state funds, casting uncertainty over the country's fledgling minerals sector. The turmoil is likely to paralyse the government at a... 

Greenland PM's leave creates uncertainty for fledgling mining industry

CoAL outlines $400m import-substituting Limpopo coal project

By: Martin Creamer Triple-listed coal junior Coal of Africa Limited (CoAL) CEO David Brown on Tuesday outlined a self-funded $400-million import-substituting hard coking coal project that is scheduled to begin production at Makhado, in Limpopo province, in 2018. Presenting a narrowed cash loss of $21-million in the... 

CoAL outlines $400m import-substituting Limpopo coal project
Photo by Duane Daws
David Brown and Martin Creamer
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