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Legislative Environment News

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA

By: Nadine James     31st August 2018 The mining sector could attract an additional R122-billion worth of investment if the policy perception and environment improved to the top quarter of the Fraser Institute’s Policy Perception Index, rather than its current position in the lower quartile, Minerals Council South Africa (MCSA)... 

Economic slowdown impacts on modular building demand

By: Paige Müller     31st August 2018 The local modular building industry has been feeling the pinch for the past three months, owing to a slowdown in economic activity in the sectors it serves, states prefabricated modular buildings supplier Kwikspace Modular Buildings. Kwikspace international executive Liam Cafferty is concerned... 

Economic slowdown impacts  on modular building demand
ANTICIPATING GROWTH Kwikspace is anticipating an increase in modular building projects throughout Southern Africa for the rest of the third quarter

Platinum-using fuel cells making more headway

By: Martin Creamer     29th August 2018 Last month’s initial public offering (IPO) on the New York Stock Exchange of Bloom Energy suggests a second, much larger market may be emerging for fuel cells, Greentech Media reported this week in an article recording the deployment of Bloom’s technology at 25 Fortune 100 companies. The... 

Platinum-using fuel cells making more headway
Photo by NYSE
Bloom Energy CEO and founder KR Sridhar ringing bell at New York Stock Exchange

South Africa’s Mantashe promises policy certainty by Nov

By: Esmarie Swanepoel     29th August 2018 South Africa’s Mineral Resources Minister Gwede Mantashe has made a case for future mining investment in South Africa, telling delegates at this year’s Africa Downunder conference in Perth, Australia, that the country was working towards policy certainty by November this year. Mantashe said on... 

South Africa’s Mantashe promises policy certainty by Nov
South African Mineral Resources Minister Gwede Mantashe

Global mining showing interest in Master Drilling’s new technology  

By: Martin Creamer     28th August 2018 The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month. This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available... 

Global mining showing interest in Master Drilling’s new technology
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Dylan Slater

Sibanye expects Lonmin competition finality October 

By: Martin Creamer     27th August 2018 Precious metals mining company Sibanye-Stillwater expects Competition Commission finality on its proposed acquisition of platinum company Lonmin in October, following the closure of its transaction with surface gold mining company DRDGold, which is expected to make a positive contribution to... 

Sibanye expects Lonmin competition finality October
Sibanye-Stillwater CEO Neal Froneman’s update on Lonmin covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing. Nicholas Boyd.

Kremlin aide wants top firms to invest more rather than pay windfall tax

By: Reuters     24th August 2018 Kremlin aide Andrei Belousov said on Friday he would like major Russian firms to invest in social projects rather than pay higher taxes, weeks after he proposed raising 500-billion roubles ($7.5-billion) a year from metal and mining firms. President Vladimir Putin ordered the government to... 

Miners call for stable govt as Turnbull is replaced by Morrison

By: Esmarie Swanepoel     24th August 2018 The Australian mining sector has called for a stable government following a leadership spill in the Liberal Party, which will see Treasurer Scott Morrison take over as Prime Minister from Malcolm Turnbull. Turnbull himself disposed of previous Prime Minister Tony Abbott in a similar manner in 2015. 

Miners call for stable govt as Turnbull is replaced by Morrison
Photo by Bloomberg
Prime Minister Scott Morrison

Alternative energy, efficiency augment fossil fuels

By: Erin Steenhoff-Snethlage     24th August 2018 Alternative energy resources, such as natural gas, solar photovoltaic (PV), wind, biomass and energy storage, will play an increasingly important role in Africa’s energy future and particularly for mines, states global engineering, procurement, construction and consulting company Black & Veatch.... 

Alternative energy, efficiency augment fossil fuels
RENEWABLE PROLIFERATION Renewable-energy sources could transform electricity supply for mines in Africa

Rising oil prices fuelling renewables

By: Erin Steenhoff-Snethlage     24th August 2018 The key drivers of an increased uptake of renewable and alternative energy sources by mines in Africa are an increasing oil price and the steadily decreasing price of renewable technologies, claims renewable energy supply company juwi Renewable Energies. This drive for renewable energy... 

Rising oil prices  fuelling renewables
GREG AUSTIN Redeployable solar power solutions can be reused, justifying investment in multiple applications on mines

MCSA deems withdrawal of MPRDA Amendment Bill ‘appropriate’

By: Marleny Arnoldi     23rd August 2018 The Minerals Council South Africa (MCSA) says Mineral Resources Minister Gwede Mantashe’s announcement in Parliament on Wednesday that the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill should be scrapped, appears to be sensible, given the underlying reasons for the... 

Miners establish industry body to engage DRC govt on mining code, industry issues

By: Marleny Arnoldi     23rd August 2018 Mining companies active in the Democratic Republic of Congo (DRC) have established a new industry body, the Mining Promotion Initiative (MPI), to engage with government on industry concerns about the country’s new mining code and any other material issue concerning the mining industry in the DRC.... 

Solidarity welcomes Mantashe’s proposal to withdraw MPRDA Amendment Bill

By: Marleny Arnoldi     22nd August 2018 Trade union Solidarity on Wednesday said the mining sector’s quest for policy certainty will receive a huge boost if Mineral Resources Minister Gwede Mantashe’s proposal to withdraw the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill is implemented. Business Day reported... 

Russian Ministries reject proposed windfall tax on metals and mining firms

By: Reuters     22nd August 2018 Russian government Ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate, Industry Minister Denis Manturov said on Wednesday. "With colleagues from other Ministries, we reached a common position that as of today it's inappropriate," he... 

Russian Ministries reject proposed windfall tax on metals and mining firms

Free gold on cards at Harmony’s Wafi-Golpu project 

By: Martin Creamer     22nd August 2018 South Africa’s Harmony Gold is now in the next significant special-mining-lease milestone on the journey towards the co-development of the rich Wafi-Golpu project in Papua New Guinea (PNG), 65 km south-west of the Port of Lae, PNG’s industrial hub and second largest city. Harmony owns 50% of this... 

Free gold on cards at Harmony’s Wafi-Golpu project
Mining Weekly Online Editor Martin Creamer interviewing Harmony Gold CEO Peter Steenkamp. Video & Video Editing: Darlene Creamer. Photograph: Creamer Media Chief Photographer Dylan Slater.

Harmony enters 1.5m oz gold production realm

By: Martin Creamer     21st August 2018 The growth aspiration of Harmony Gold to produce at a rate of 1.5-million ounces of gold a year is within a hair’s breadth of becoming a foregone conclusion as production at Hidden Valley in Papua New Guinea and Moab Khotsong in South Africa click in optimally during the current financial year.... 

Harmony enters 1.5m oz gold production realm
Photo by Creamer Media
Harmony Gold CEO Peter Steenkamp

AngloGold moves to avoid 2 000 job losses in South Africa region

By: Martin Creamer     20th August 2018 The once overwhelmingly dominant South Africa segment of gold mining company AngloGold Ashanti has been reduced to a mere loss-making shadow of its former self. In the six months to June 30, South Africa produced a mere 10% of the company’s gold unprofitably. 

AngloGold moves to avoid 2 000 job losses in South Africa region

PNG legislative changes should be well considered - Chamber

By: Esmarie Swanepoel     16th August 2018 The mining and petroleum industry body in Papua New Guinea (PNG) has called on the government to consider the ramifications of the amendments proposed to the Mining Act. The PNG Chamber of Mines and Petroleum’s president, Gerea Aopi, said that stable government policies and a favourable... 

India to bring in new mineral policy to align exploration and development projects

By: Ajoy K Das     15th August 2018 The Indian government is expected to put into play a new mineral policy, possibly before the end of August, aimed at a more investor-friendly alignment of exploration and development projects. The Mines Ministry, which is the driver of the proposed policy changes, is expected to suggest... 

Orion turbocharges Prieska study

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion turbocharges Prieska study
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep
Photo by Creamer Media
Gold Fields CEO Nick Holland

Russia's richest lose $3.1bn as tax proposal hits shares

By: Bloomberg     13th August 2018 Russia’s super-rich tycoons lost more than $3-billion in one day after a top economic aide to the president proposed raising taxes on the nation’s giant metal and mining companies. In a letter to Vladimir Putin, adviser Andrey Belousov named 14 companies that could pay more. The resulting... 

Russia's richest lose $3.1bn as tax proposal hits shares

Randgold looking across the Atlantic

By: Martin Creamer     10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... 

Randgold looking across the Atlantic
Randgold CEO Mark Bristow (left) with Inter Oriental Builders' Feni Matsando Samuel, who built the new hydropower plant on time and on budget with an all-Congolese team.

NLMK's Lisin warns against higher Russian mining taxes

By: Reuters     10th August 2018 Hitting Russian mining and metals companies with extra taxes because they are making profits will only encourage them to be less efficient, according to billionaire Vladimir Lisin, who controls top steel producer NLMK . "The proposed method of creating an extra tax base looks like an... 

NLMK's Lisin warns against higher Russian mining taxes

Greenfield exploration essential to Australia

By: Donald Makhafola     10th August 2018 Greenfield exploration expenditure in Australia has declined in absolute terms and as a share of total exploration expenditure over the past decade; this must be reversed to attract greater mining investment and continue receiving the economic benefits derived from mining, says association for... 

Greenfield exploration essential to Australia
Photo by Bloomberg
MINING LIMITATION Australia's mining sector is constrained by over-regulation, red tape and duplicated environmental laws across most jurisdictions

Mining should bolster environmental, social sustainability

By: Donald Makhafola     10th August 2018 The Australian mining industry’s challenges pertain to environmentally sustainable practices, rather than community sustainability, which is the case in the African mining industry, says global engineering consulting firm Aurecon Brisbane technical director Andrew Keith. “However, in places such... 

Mining should bolster environmental,  social sustainability
Photo by Bloomberg
COOPERATION CONSCIOUSNESS Many mining companies now recognise the benefits of proactive early engagement with their affected communities

Glencore closing in on oil deal, transacting with Eskom

By: Martin Creamer     8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... 

Glencore closing in on oil deal, transacting with Eskom
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Govt must play role in limiting large-scale retrenchment – RBPlat 

By: Martin Creamer     7th August 2018 Government must play a role in limiting large-scale retrenchment in the platinum sector by potentially incentivising companies to curb job loss. Mineral Resources Minister Gwede Mantashe has objected strongly to the retrenchment plans of Impala Platinum in particular and Royal Bafokeng Platinum... 

Govt must play role in limiting large-scale retrenchment – RBPlat
Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Dylan Slater

Draft charter offers opportunity to improve policy certainty, investor perception

By: Simone Liedtke     7th August 2018 The draft 2018 iteration of the Mining Charter, as well as the Mineral and Petroleum Resources Development Act and social and labour plans amendments expected later this year, offer an opportunity to improve regulatory and policy certainty and, subsequently, investor perception in the South... 

Draft charter offers opportunity to improve policy certainty, investor perception
Photo by Dylan Slater
Deloitte energy and resources leader for Africa Andrew Lane

Heavy-handed laws not needed to transform mining – RBPlat 

By: Martin Creamer     6th August 2018 The growth of the once small community-based Royal Bafokeng Platinum (RBPlat) into the fully fledged mining company that it is today, provides ample evidence that transformation is best served by collaborative partnerships rather than heavy-handed laws. “Anglo American Platinum have been an... 

Heavy-handed laws not needed to transform mining – RBPlat
Royal Bafokeng Platinum CEO Steve Phiri presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater

Solidarity says achieves victory for former Aurora employees, albeit 'hollow'

By: Simone Liedtke     6th August 2018 About 300 of the 5 300 former employees of Aurora Empowerment Systems will begin to receive partial payments, which form part of overdue salaries, this week, after an eight-year legal battle against former Aurora directors, trade union Solidarity said on Monday. This follows after Aurora... 

Battery metals boom boosting services, project potential

By: Paige Müller     3rd August 2018 There is a boom in the battery metals mining space, owing to a global focus on environment-friendly power initiatives, or ‘green’ energy, says mining industry specialist consultants The MSA Group. MSA Group critical metals principal consultant Michael Cronwright says the company has noted a... 

Battery metals boom boosting services, project potential
KAMATIVI LITHIUM TAILINGS PROJECT The Kamativi lithium tailings project is currently ongoing in Zimbabwe

Angola keen on South African companies entering its diamond sector

By: Rebecca Campbell     3rd August 2018 Angola is working to ensure that the major South African diamond companies can operate in the country. This was stated recently by Endiama Strategic Planning and Minerals Operations Bureau head Laureano Paulo. (Endiama is Angola’s State-owned national diamond company. Its name is an acronym for... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke
Photo by Creamer Media
Implats CEO Nico Muller (left) and Implats group mining engineer Thabile Makgala

Voorspoed diamond mine to close after search for bidder fails 

By: Martin Creamer     31st July 2018 The Voorspoed diamond mine in the Free State is scheduled to close by year-end if the Department of Mineral Resources (DMR) is unable to secure, in the next 30 days, a suitable bid that will set the seal on the employment and community support that this Kroonstad-area mine provides. The decision... 

Voorspoed diamond mine to close after search for bidder fails
De Beers Consolidated Mines CEO Phillip Barton outlines the Voorspoed mine closure plans to Mining Weekly Online’s Martin Creamer. Video and Video Editing. Darlene Creamer.

First tin concentrate to market in Q4 – AfriTin 

By: Martin Creamer     30th July 2018 Emerging tin mining company AfriTin is on track to place its first tin concentrate into the market in the fourth quarter of this year. The Aim-listed company is going all out to put Africa, once the fourth-biggest exporter of tin but now without an industrial-scale mine, back on the global tin... 

First tin concentrate to market in Q4 – AfriTin
AfriTin CE Anthony Viljoen and nonexecutive director Terence Goodlace speak to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Brazil mining reforms stalled by impasse over new agency

By: Reuters     29th July 2018 A new Brazilian mining regulator created last year to cut red tape and attract foreign investment has still not gotten out of the blocks, with experts warning that the agency will be stalled at least through the October election and perhaps until 2019. Miners say major investments are hanging in... 

Anglo draws line in sand for thermal coal

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

Anglo draws line in sand for thermal coal
Photo by Creamer Media
Anglo CE Mark Cutifani

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