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Legislative Environment News

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and... 

Economic resilience encouraged 

     14th December 2017 Deputy President Cyril Ramaphosa has emphasised the urgent need for South Africa to break the ongoing deadlock on the regulation and transformation of the mining sector, while United Nations Conference on Trade and Development has warned that, without policy change, commodity-dependent developing... 

Economic resilience encouraged
Economic resilience encouraged

Brazil, South Africa collaboration to improve mining sector “natural, appropriate”, says Brazil ambassador 

By: Mia Breytenbach     13th December 2017 With the mining sector having played a significant role in the history and development of South Africa and Brazil, it is “natural and appropriate” that the two countries come together to discuss and exchange ideas about how to improve the mining sector in both countries, says Ambassador of Brazil... 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Rusoro wins $1.3bn judgment against Venezuela

By: Henry Lazenby     11th December 2017 Mining junior Rusoro Mining last week won a major victory in its international arbitration complaint against Venezuela, when the Superior Court of Justice in Ontario issued a default judgment owing to Venezuela’s failure to appear. TSX-V-listed Rusoro advised that the judgment was for more than... 

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

India’s Mines Ministry seeks to make it easier to do business

By: Ajoy K Das     11th December 2017 India’s Mines Ministry is considering administrative changes to improve the “ease of doing business” in the resources industry. One of the changes under consideration is to put each mineral block to be auctioned under a special purpose vehicle (SPV) of the government, which will secure all... 

Omnia files contempt of court case at Foskor over contentious phosphoric acid pricing  

By: Dylan Slater     8th December 2017 Diversified chemicals producer Omnia has filed a contempt of court case against phosphates and phosphoric acid producer Foskor over the alleged breaching of a court order by the Competition Tribunal 

Global iron-ore growth to be modest

     8th December 2017 Global iron-ore production will grow modestly, with mine restarts and expansions predicted in Brazil and India, boosting production, predicts international market research firm BMI Research. However, output growth in China will decline on the back of falling ore grades and high production costs,... 

Global iron-ore growth to be modest
MODEST GROWTH BMI predicts that the iron-ore sector will grow modestly in 2018

India seeks globally accepted regulations, tax

By: Ajoy K Das     8th December 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

India seeks globally accepted regulations, tax
Photo by Bloomberg
SUPPLY LINKAGES India’s Steel Ministry has backed the adoption of long-term supply linkages between mines and steel producers

South Africa urged to go back to basics to avoid mining’s demise

By: Mia Breytenbach     8th December 2017 For South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa. These... 

South Africa urged to go back to basics to avoid mining’s demise
PROFESSOR FRED CAWOOD South Africa should embrace mining

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent regions, thereby showing a degree of positivity with signs of growth. This also points to a degree of untapped potential that is ready to be unlocked through increased investment upstream and... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

Mining will only ‘move forward’ if there is a change of guard at Mineral Resources – lawyer

By: Mia Breytenbach     8th December 2017 The mining industry cannot move forward until new leadership is established within the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who suggests that such a change could re-establish “some degree of optimism and trust in the mining... 

Mining will only ‘move forward’ if there is a change of guard  at Mineral Resources – lawyer
NEW HORIZONS South African mining companies are exploring other African jurisdictions for mining investment

Company continues ramp-up of new iron-ore asset

By: Natasha Odendaal     8th December 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March 2018. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase... 

Company continues ramp-up of new  iron-ore asset
DIRO MINE Afrmat invested R300-million into the Diro iron-ore mine in the Northern Cape

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Glencore-Canada venture hitched to low-carbon economy shift
Glencore CEO Ivan Glasenberg

Trump to shrink Utah monuments holding artifacts, minerals

By: Bloomberg     5th December 2017 President Donald Trump said Monday that he’ll shrink two national monuments in Utah that contain stunning red-sandstone vistas, historic relics and energy resources, arguing his predecessor overstepped in protecting the land. Trump travelled to Salt Lake City for the announcement, and also met... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Banro defers December interest payment

By: Henry Lazenby     2nd December 2017 Democratic Republic of Congo- (DRC-) focused miner Banro Corp has decided to defer an interest payment of $4.94-million that was due on Friday for up to 30 days. Under the terms of the indenture governing the 10% notes due 2021, no event of default will occur if the interest payment is made... 

Bear Creek wins C$30.4m award in international arbitration against Peru

By: Henry Lazenby     2nd December 2017 A tribunal of arbitrators at the International Centre for the Settlement of Investment Disputes (ICSID) has ordered an award of c$30.4-million to Canadian project developer Bear Creek Mining. The arbitrators agreed with the TSX-V-listed company that Peru had breached its obligations to the... 

Vale confirms Moatize production target, while govt seeks artisanal mining cooperatives

By: Keith Campbell     1st December 2017 A senior executive of Vale Moçambique, the Mozambican subsidiary of Brazilian major mining group Vale, has told local journalists that the company’s production target for its Moatize coal operation this year is 13-million tons of both metallurgical and thermal coal. This will be a 120% increase... 

Policy certainty needed to drive oil and gas in South Africa

By: Robyn Wilkinson     1st December 2017 The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil... 

Policy certainty needed to drive oil and gas in South Africa
Photo by Bloomberg
IMPORT NEED South Africa must prioritise the import of liquefied natural gas to establish a gas market while indigenous reserves are explored onshore and offshore

South Africa must prepare for oil and gas supply gap

By: Robyn Wilkinson     1st December 2017 South Africa needs to bridge the growing supply and demand gap in its oil and gas sector, says global research and consultancy group Wood Mackenzie research associate Jon Lawrence. 

South Africa must prepare for oil and  gas supply gap
Photo by Bloomberg
WAYS AND MEANS South Africa could channel additional gas imports from Mozambique either through a pipeline or by shipping liquefied natural gas down the coast

Alcohol abuse long-standing issue, drug abuse growing

By: Tasneem Bulbulia     1st December 2017 Growing drug and alcohol abuse at mines in South Africa is especially prevalent in newer mining areas, such as the North West, where living arrangements of the general workforce foster such behaviour, drug and alcohol testing equipment and accessories company Alco-Safe director Rhys Evans informs... 

Alcohol abuse long-standing issue, drug abuse growing
SUBSTANTIAL PROBLEM Substance abuse is not only prevalent in the general mining workforce; alcohol abuse is also common among management who prefer more expensive drugs, such as cocaine

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Jovial Zwane calls in sick for State capture meeting

By: News24Wire      29th November 2017 A jovial and joking Mosebenzi Zwane on Tuesday evening became an ill Minister of Mineral Resources on Wednesday morning. Zwane was at a “surprise” African National Congress (ANC) Free State provincial general council on Tuesday evening, where News24 saw him in joking with ANC comrades. 

 Jovial Zwane calls in sick for State capture meeting
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

IDC outlines actions for mining industry to inch closer to success

By: Mia Breytenbach     28th November 2017 While the Toronto Declaration-based standards for the mining industry, adopted by the International Council of Metals and Mining, are broadly accepted as encompassing mines’ social licence to operate, only an “arrogant or stupid person” would argue that all relevant standards have been met, says... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Western Australia to amend mining law after Forrest court case

By: Mariaan Webb     28th November 2017 Western Australian government will amend its mining legislation to validate granted tenements and ensure mining companies had security of title. The announcement, by Mines and Petroleum Minister Bill Johnston on Tuesday, follows an August High Court ruling, which found that the process of... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

By: Henry Lazenby     28th November 2017 Four nongovernmental organisations (NGOs) have filed a federal lawsuit in the US District Court seeking declaratory and injunctive relief against the US Forest Service for issuing Canadian miner Hudbay Minerals’ Rosemont copper project, in Arizona, a positive ‘record of decision’ (RoD) in June.... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

De Beers’ Voorspoed diamond mine on market

By: Martin Creamer     27th November 2017 The decision of diamond giant De Beers to place its Voorspoed diamond mine on the market opens the way for a lower-cost operator to buy the mine and potentially extend its life, the company said on Monday, when it invited expressions of interest from prospective buyers and appointed Standard Bank... 

De Beers’ Voorspoed diamond mine on market
Voorspoed Diamond Mine in Kroonstad, Free State.

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal
South32 CEO Graham Kerr

Latest industry survey holds out promise but challenges persist

By: Marleny Arnoldi     24th November 2017 China’s gross domestic product (GDP) growth has flatlined, stagnating at 6.7% for 2016 and 2017. However, India’s GDP has increased from 6.8% to 7.2% for the same period, which bodes well for the offtake of South Africa’s commodities market.  

Latest industry survey holds out promise but challenges persist
CHRIS CAMPBELL Consulting Engineers South Africa has seen a higher percentage of member companies’ turnover allocated to the procurement of products and services from black-owned companies

Harmony Gold gets tax incentive for energy savings at Tshepong mine

By: Mia Breytenbach     24th November 2017 Gold producer Harmony Gold Mining Company (Harmony) has received a Section 12L tax incentive for energy savings achieved on the compressors of the miner’s Tshepong gold mine in the Free State. Section 12L of the Income Tax Act incentivises businesses to save energy through a tax allowance of 95c... 

Harmony Gold gets tax incentive for energy savings at  Tshepong mine
Photo by Harmony Gold
IMPROVED EFFICIENCY Eenergy savings on Harmony Gold’s Tshepong mine compressors was achieved through the implementation of an integrated optimisation strategy

Various Moz mining projects making progress

By: Keith Campbell     24th November 2017 The Mozambican Government has approved a resolution authorising Capitol Resources, a subsidiary of British miner Baobab Resources, to undertake mining and related operations in the Chiúta district of Tete province, according to a statement by Cabinet spokesman Armindo Ngunga. The planned... 

Canadian federal agency rejects NGO complaint regarding KSM project permitting process

By: Henry Lazenby     21st November 2017 A Canadian federal agency has rejected a request for review (RfR) by nongovernmental organisation (NGO) the Southeast Alaska Conservation Council (SEACC) of the permitting process regarding Seabridge Gold’s Kerr-Sulphurets-Mitchell (KSM) project, in British Columbia. The Canadian National Contact... 

Glencore CFO to assist Katanga in strengthening its corporate governance

By: Natasha Odendaal     20th November 2017 JSE- and LSE-listed Glencore has nominated three directors, including its CFO Steve Kalmin, to serve on the board of subsidiary company, TSX-listed Katanga Mining. The three directors will work with Katanga’s independent directors to implement the required remediation measures to strengthen... 

Glencore CFO to assist Katanga in strengthening its corporate governance
Glencore CFO Steve Kalmin

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