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Legislative Environment News

India makes tentative moves towards single tax rate for mining sector

By: Ajoy K Das     27th July 2018 India’s Steel Ministry has made the first tentative move towards achieving a single unified tax for the mining industry, subsuming the plethora of taxes currently payable by miners. Ministry officials acknowledged that the goal of having a single rate of tax for the mining industry would be... 

SA needs passive fire protection

By: Donald Makhafola     27th July 2018 Safety in mining is a high priority in South Africa, and the country needs to adopt stricter regulations regarding passive fire protection systems, says global technologies company Hilti South Africa mining, business development manager Hector Cerdio. More awareness should also be created... 

SA needs passive fire protection
FIRESTOP BARRIER Hilti South Africa was awarded new contracts this year to provide passive fire protection solutions, including the firestop, for several South African mining majors

$5bn Anglo copper project going ahead in Peru

By: Martin Creamer     26th July 2018 Expected payback on the $5-billion copper project that Anglo American is leading in partnership with Mitsubishi is four years after initial production, Anglo CE Mark Cutifani said on Thursday, when the company announced the go-ahead for the development of the new community-backed low-cost,... 

$5bn Anglo copper project going ahead in Peru
Photo by Creamer Media
The Anglo-Mitsubishi Quellaveco copper mining project in Peru.

Workers win against labour brokers  

By: Creamer Media Reporter      26th July 2018 The National Union of Metalworkers of South Africa (Numsa) on Thursday welcomed the Constitutional Court judgment which strengthened the rights of temporary workers. The amendment to Section 198A(3)(b) of the Labour Relations Act (LRA) was under scrutiny in this case relating to whether this... 

Workers win against labour brokers

Tanzania targets setting up mineral exchange by end of 2018

By: Bloomberg     26th July 2018 Tanzania plans to establish a minerals exchange by the end of this year, in a bid to ensure the East African nation reaps the most from its resources, Minerals Minister Angellah Kairuki said. The nation’s resources including gold, diamonds, iron, silver, copper, graphite and other rare earth... 

Resources Watch  

26th July 2018 New mining fund raising R750m to co-finance ancillary mine projects And, free-carried interest will foster loyalty among mineworkers 

Resources Watch
Resources Watch

Kumba ‘very bullish’ on exploration prospects 

By: Martin Creamer     25th July 2018 Iron-ore mining and marketing company Kumba Iron Ore is bullish about its R664-million exploration programme, that has funded more than 200 000 m of drilling. "We’re very bullish and very excited,” Kumba Iron Ore technical and projects head Glen Mc Gavigan commented to Mining Weekly Online during... 

Kumba ‘very bullish’ on exploration prospects
Kumba Iron Ore CE Themba Mkhwanazi responds to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Confidence in Canada’s permit process waning – Fraser Institute

By: Creamer Media Reporter      25th July 2018 Investors are losing confidence in the mineral exploration permit process in many Canadian provinces, with applications taking longer to be approved and a lack of transparency hindering investment, according to a study released by policy think-tank Fraser Institute. The ‘Permit Times for Mining... 

Confidence in Canada’s permit process waning – Fraser Institute

India takes step toward improving ease of doing business in mining

By: Ajoy K Das     23rd July 2018 In a bid to ease doing business in the mining sector, the Indian government has approved a “single window” bundled clearance of all mandatory approvals for 288 mining leases that are slated to expire in 2020. Government officials said that new lease holders of these mines would not need to make... 

AngloGold chairperson warns South Africa on 'reckless' mining rules

By: Bloomberg     20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... 

AngloGold chairperson warns South Africa on 'reckless' mining rules
Photo by Creamer Media
AngloGold chairperson Sipho Pityana

Lawyer not ‘distressed’ by possibility of Mining Charter being finalised in October

By: Nadine James     20th July 2018 The successful two-day Mining Summit – proposed by Minerals Resources Minister Gwede Mantashe previously – provided a platform for stakeholders to voice their concerns during, substantive discussions on nearly all aspects of the revised Mining Charter, says Hogan Lovells partner and mining head... 

Lawyer not ‘distressed’ by possibility of Mining Charter  being finalised in October
Photo by Creamer Media
WARREN BEECH The summit, and what has resulted from it, has resulted in a different, more positive, scenario

Trudeau moves Sohi to Natural Resources, Carr to head up International Trade Diversification

By: Mariaan Webb     18th July 2018 Canadian Prime Minister Justin Trudeau on Wednesday announced significant changes to his Cabinet, moving around several current Ministers, appointing four new ones and creating three new portfolios. Amarjeet Sohi has been moved from the Infrastructure portfolio to Natural Resources, succeeding... 

R2.6bn boost for platinum demand

By: Martin Creamer     17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... 

R2.6bn boost for platinum demand
From left are PIC executive head: project development Sholto Dolamo; AP Ventures partner Kevin Eggers, AP Ventures managing partner Andrew Hinkly and Anglo American Platinum CEO Chris Griffith.

NT govt reveals fracking framework

By: Esmarie Swanepoel     17th July 2018 The Northern Territory government has unveiled plans to implement the recommendations from an independent scientific inquiry into unconventional hydraulic fracturing, in a bid to unlock reserves. “This is a plan to protect our environment, create local jobs and ensure the actions of government... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Zimbabwe has skills, natural resources to support increasing investment

By: Erin Steenhoff-Snethlage     13th July 2018 Zimbabwe has adequate skilled and unskilled labour to support increasing investment and the expansion of mining operations, claims mining, exploration and development company Caledonia Mining. Caledonia owns the Blanket gold mine in Zimbabwe, one of the few operating gold mines in the country.... 

Zimbabwe has skills,  natural resources to support increasing investment
EMMERSON MNANGAGWA The new Zimbabwe government is taking steps to attract investment in the country

Artisanal mining, geopolitical milieu remain challenges

By: Erin Steenhoff-Snethlage     13th July 2018 Artisanal mining in West Africa, as well as an unstable geopolitical environment, remain core challenges to mining investment in the area, states Western Australia-based project developer Sarama Resources. “As noted by a number of key industry players, artisanal mining is becoming pervasive and... 

IoT, new technologies can solve challenges, increase competitiveness

By: Erin Steenhoff-Snethlage     13th July 2018 Although the Internet of Things (IoT) is creating “a huge wave” in Africa, as smart connected devices are being deployed at mines, there is further potential for smart devices and IoT to positively impact on mining operations in Africa, says pan-African law conglomerate Centurion Law Group CEO NJ... 

IoT, new technologies can solve challenges, increase competitiveness
Photo by Creamer Media
NEW TECHNOLOGY African mines can implement the Internet of Things to improve efficiencies and increase their competitiveness

Mining Charter crucial, improvement needed – law firm

By: Jessica Oosthuizen     13th July 2018 It is important that the Mining Charter is given the attention it deserves if South Africa is serious about empowerment, says law firm ENSafrica natural resources and environment director Ntsiki Adonisi-Kgame. The draft Mining Charter for the South African Mining and Minerals Industry was... 

Mining Charter  crucial, improvement needed – law firm
Photo by Creamer Media
LAW AND LEGALITY The legal status of the Mining Charter must be addressed with urgency

Resource nationalism reasonable, but adequate negotiation needed

By: Jessica Oosthuizen     13th July 2018 Resource nationalism is “completely legitimate” in principle; however, it seems to be used too often with a short-term political agenda, and often produces ill-advised reforms, says global law firm Norton Rose Fulbright partner Christophe Asselineau. The seemingly increasing trend towards... 

Resource nationalism reasonable, but adequate negotiation needed
Photo by Bloomberg
INSUFFICIENT IMPACT Increasing taxes, and free-carry stakes for the State in mining projects have not demonstrated a substantial alleviation of poverty

West African mining industry shows strong growth potential

By: Erin Steenhoff-Snethlage     13th July 2018 The crowning of two West African mining projects as the winner and the runner-up of Investment Battlefield at the Investing in African Mining Indaba, held in February this year, indicates strong growth potential for mining and investment attraction in West Africa, says Canadian mineral... 

West African mining  industry shows strong growth potential
INVESTMENT POTENTIAL West Africa holds potential for further investment, as indicated by the results of the Investment Battlefield at the Investing in African Mining Indaba

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Coal to remain a significant energy source for decades – WCA
Photo by Creamer Media
COAL IS CONSTANT Coal will actually be the single largest energy source in 2040

Fatality-free Pan African sparkles on lower-cost, longer-life prospects

By: Martin Creamer     12th July 2018 Pan African has repositioned itself as a lower-cost, longer-life gold mining company that is guiding production of 170 000 oz of gold in the 12 months to June 30 next year. The Aim- and JSE-listed company saw its Barberton Mines commendably achieve a million fatality-free shifts and help the... 

Fatality-free Pan African sparkles on lower-cost, longer-life prospects
Photo by Creamer Media
Pan African CEO Cobus Loots

Ecuador attracting mining interest, political risks weigh on Latin America outlook

By: Mariaan Webb     12th July 2018 The South American country of Ecuador is attracting interest among foreign mining companies, as a low-risk, high-reward market, where government remains supportive of mining, despite the February referendum restricting mining in protected areas. Market intelligence firm BMI, which publishes a... 

Platinum jewellery heading for good year – PGI 

By: Martin Creamer     9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

Platinum jewellery heading for good year – PGI
Platinum Guild International CEO Huw Daniel talks to Mining Weekly Online’s Martin Creamer on platinum jewellery promotion. Video and Video Editing. Nicholas Boyd

Solidarity welcomes Mining Charter summit outcomes

By: Simone Liedtke     9th July 2018 Trade union Solidarity has welcomed the position taken by Mineral Resources Minister Gwede Mantashe during the Mining Charter summit, held on July 7 and 8, that all employees below senior management level should receive equal benefits from the charter’s proposed shareholding scheme, regardless of... 

‘Critically important’ for DMR to take graduated approach to application of Mining Charter – MCSA

By: Simone Liedtke     6th July 2018 Leading up to Mineral Resources Minister Gwede Mantashe’s summit this weekend to discuss the draft Mining Charter, Minerals Council South Africa (MCSA) has noted that it is critically important that the Department of Mineral Resources (DMR) make allowances for junior miners and explorers by... 

‘Critically important’ for DMR to take graduated approach to application of Mining Charter – MCSA
Photo by Dylan Slater
MCSA public affairs and transformation senior executive Tebello Chabana and CEO Roger Baxter

Balanced Mining Charter needed to attract investment – law firm

By: Simone Liedtke     6th July 2018 The most recent iteration of the draft Mining Charter needs to be balanced, and incorporate all mining industry stakeholders, to promote much-needed investment into the South African mining industry, international law firm Herbert Smith Freehills director Patrick Leyden tells Mining Weekly... 

Balanced Mining Charter needed to attract investment – law firm
Herbert Smith Freehills director Patrick Leyden

Angola adopts new system for selling its diamonds

By: Rebecca Campbell     6th July 2018 The Angolan Council of Ministers (Cabinet) last week approved a new policy on the commercialisation of diamonds. This is intended to stimulate more investments in the production of the precious stones, as well as to open the market to all those interested in it, explained Mineral Resources and... 

Latest charter draft an improvement on previous iteration but discontent persists

By: Simone Liedtke     6th July 2018 The third iteration of the Mining Charter will have a significant effect on vendors of services and goods in the procurement space of South African mining, says legal services provider Strata Legal director Brandon Irsigler, noting that a great many suppliers to the mining industry are in the... 

Latest charter draft an improvement on previous iteration but discontent persists

Junior miners against Mining Charter III, claim they haven’t benefited from previous iterations

By: Nadine James     6th July 2018 SRK Consulting principal geologist and partner Mark Wanless has suggested that despite government’s stated intention of nurturing a junior mining sector, feedback from last month’s Junior Mining Indaba demonstrated that this commitment has yet to be met.  “There is a strong sentiment among junior... 

Junior miners against Mining Charter III, claim  they haven’t benefited from previous iterations
MARK WANLESS There is a strong sentiment among junior mining companies that they are marginalised and excluded from the action,

Royal Bafokeng taking 100% of Rasimone platinum mine

By: Martin Creamer     5th July 2018 Black-controlled platinum mining company Royal Bafokeng (RBPlat) on Thursday announced that its joint venture partner Anglo American Platinum had agreed to accept R1.8-billion for the remaining 33% of the Bafokeng Rasimone Platinum Mine (BRPM). Headed by CEO Steve Phiri, the JSE-listed RBPlat... 

Royal Bafokeng taking 100% of Rasimone platinum mine
Photo by Creamer Media
Royal Bafokeng Platinum CEO Steve Phiri

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Miners welcome Australia’s GST reform proposal

By: Esmarie Swanepoel     5th July 2018 The Australian resources sector has welcomed the federal government’s announcement of an eight-year, three-step plan to update the way the Goods and Services Tax (GST) is redistributed. “Our preferred model involves moving to a new benchmark that will ensure the fiscal capacity of all states and... 

Miners welcome Australia’s GST reform proposal

Mining-affected communities reject draft Mining Charter

By: Simone Liedtke     4th July 2018 Following two days of deliberation, which included a presentation by the Department of Mineral Resources (DMR), mining-affected communities have rejected the current draft of the Mining Charter, as gazetted by Mineral Resources Minister Gwede Mantashe last month. This follows after 100 community... 

Kropz listing, Australian lessons and transparency in the DMR 

4th July 2018 This week, Mining Weekly editor Martin Creamer discusses Kropz’s intention to list on London’s Aim, lessons from Australia and transparency in the DMR. 

Kropz listing, Australian lessons and transparency in the DMR
Kropz listing, Australian lessons and transparency in the DMR

Kropz eyeing dual listing

By: Martin Creamer     4th July 2018 Emerging plant nutrient producer Kropz is eyeing a dual listing on the Johannesburg Securities Exchange in addition to seeking admission to trade on the Aim in London, where it intends raising equity capital to fund the completion of its advanced-stage phosphates project in South Africa, cut debt... 

Kropz eyeing dual listing
Photo by Creamer Media
Kropz CEO Ian Harebottle

Draft Mining Charter progressive, but still ambiguous – Bench Marks Foundation

By: Marleny Arnoldi     3rd July 2018 The new draft Mining Charter, released mid-June, is a step in the right direction, says performance monitoring organisation Bench Marks Foundation, but it warns that the devil remains in the detail, with some matters still to be clarified.  

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