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Legislative Environment News

Canada to impose tariffs on US, challenge at WTO

By: Reuters     31st May 2018 Canada will impose retaliatory tariffs on C$16.6-billion worth of US exports and challenge US steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organisation (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are... 

Sibanye-Stillwater shares rise on deleveraging plan

By: Martin Creamer     31st May 2018 The share price of Sibanye-Stillwater rose on Thursday on the news of a deleveraging plan that explicitly excludes debt and equity raising. Prospective deleveraging options include a streaming arrangement to raise $500-million and a process inventory financial arrangement to raise a further... 

Sibanye-Stillwater shares rise on deleveraging plan
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Gupta-owned Shiva Uranium's business rescue practitioners throw in towel

By: News24Wire      31st May 2018 The business rescue practitioners (BRPs) appointed to save Gupta-owned company Shiva Uranium have resigned with immediate effect after their relationship with the state-owned Industrial Development Corporation (IDC) - the company's largest creditor – turned sour. Louis Klopper and Robert Knoop... 

 Gupta-owned Shiva Uranium's business rescue practitioners throw in towel
Atul Gupta

Coal industry should ensure that it does not lower air quality to avoid silicosis repeat

By: Martin Creamer     30th May 2018 South Africa’s coal industry should ensure that it does not lower air quality to avoid ending up in the same litigious space as the gold mining sector with silicosis. Earlier this month, a class action settlement was reached with thousands of mineworkers suffering from silicosis and/or... 

Coal industry should ensure that it does not lower air quality to avoid silicosis repeat
Photo by Dylan Slater
Matleng chairperson Nelisiwe Magubane

Mantashe to conclude Mining Charter community consultation tour

By: Anine Kilian     30th May 2018 Mineral Resources Minister Gwede Mantashe will conclude the nationwide community consultations on the Mining Charter in Newcastle, KwaZulu-Natal, on Thursday. He has had ten consultations across the country to gather input from stakeholders on the charter before it is finalised in June. 

Miners warn Congo it faces $3bn revenue loss over law

By: Bloomberg     30th May 2018 Mining companies in the Democratic Republic of Congo told the government it will lose more than $3-billion over a decade and face legal action if plans to implement a new industry code proceed. Miners including Glencore and Randgold Resources are demanding the government abandon aspects of the... 

Ontario Chamber of Commerce roundtable calls for provincial resources strategy

By: Henry Lazenby     28th May 2018 A roundtable comprising representatives from diverse sectors of society has resolved to call for clearer legislative direction regarding Ontario’s wealth of resources, the Ontario Chamber of Commerce announced on Monday. Held in Timmins, Ontario, the roundtable heard from representatives... 

End of small-scale mining ban in Ghana to hamper efforts to combat illegal mining

By: Simone Liedtke     28th May 2018 The upcoming end of a ban on small-scale mining in Ghana will increase the difficulties in countering illegal mining in the country, with the practice likely to remain widespread, says research firm BMI. In turn, this will create potential risks to cocoa production and threaten social stability... 

Centerra agrees to extend first Kyrgyz agreement longstop date by a month

By: Henry Lazenby     25th May 2018 TSX-listed gold producer Centerra Gold has agreed to a month’s extension of the first longstop date of a strategic accord it signed with the Kyrgyz government on September 11, 2017. The Toronto-based miner said the first longstop date is the date by which all conditions precedent to the... 

Centerra agrees to extend first Kyrgyz agreement longstop date by a month
Centerra Gold's Kumtor mine, in Kyrgyzstan

Sierra Leone president to push review of mining law, contracts 

By: Reuters     25th May 2018 Sierra Leone's new president will follow through with campaign promises to review mining contracts and consider changes to the law that would ensure the West African nation benefits from its natural resources, his spokesperson told Reuters. Sierra Leone, which is recovering from a devastating... 

Sierra Leone president to push review of mining law, contracts
Photo by Reuters
Sierra Leone President Julius Maada Bio

Junior miners set to capitalise on ‘new dawn’

By: Donald Makhafola     25th May 2018 There is a mood of optimism sweeping across the country following the election of Cyril Ramaphosa as the President of South Africa and the appointment of Gwede Mantashe as the Minister of Mineral Resources, with the junior mining sector hoping to capitalise on this through proactive initiatives... 

Junior miners set to capitalise  on ‘new dawn’
Photo by African Sun Mining
NEW DAWN Junior miners in South Africa are hoping to get sufficient government support and attract investment, following the election of President Cyril Ramaphosa

Mantashe vows to finalise mining charter in June

By: African News Agency      24th May 2018 South African minister of mineral resources Gwede Mantashe said on Thursday his department plans to finalise the revamped mining charter, the government's regulation tool for transformation, by the end of next month. "We aim to finalise and gazette the mining charter in June, having taken onboard... 

Mantashe vows to finalise mining charter in June
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance

By: Nadine James     23rd May 2018 Speaking at the official unveiling of the rebranded Minerals Council South Africa (previously the Chamber of Mines), on Wednesday, Mineral Resources Minister Gwede Mantashe noted that he and the Department of Mineral Resources (DMR) were unenthusiastic, but willing to make use of the 'use it or... 

Mantashe considers invoking ‘use it or lose it’ principle for mines under care and maintenance
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa

By: Nadine James     23rd May 2018 The Chamber of Mines has rebranded and is now the Minerals Council South Africa (MCSA) in line with its quest to reposition the sector as South Africa’s  preeminent industrial sector, while building a new legacy and creating a “future that all South African can be proud of,” MCSA president... 

Chamber of Mines hopes to embark on new era rebranding as Minerals Council South Africa
Photo by Dylan Slater
MCSA president Mxolisi Mgojo and Mineral Resources Minister Gwede Mantashe

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Gamsberg producing by mid-year – Vedanta
Photo by Dylan Slater
Vedanta chairperson Anil Agarwal

South Africa to cut 'Gupta Clause' in Mining Charter, Minister says

By: Bloomberg     23rd May 2018 South Africa will remove a clause from its Mining Charter that includes naturalized citizens in the group of people who should benefit from attempts to more evenly redistribute the country’s mineral wealth. Mineral Resources Minister Gwede Mantashe is in talks with companies, unions and mining... 

South Africa to cut 'Gupta Clause' in Mining Charter, Minister says
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Harmony poised to hit 1.5m oz target – CEO 

By: Martin Creamer     22nd May 2018 Gold mining company Harmony Gold is well on track to hit its target of 1.5-million ounces of gold a year. The two big steps needed to ensure this – the acquisition and recapitalisation of the Hidden Valley gold mine in Papua New Guinea (PNG), and the acquisition of the Moab Khotsong in South... 

Harmony poised to hit 1.5m oz target – CEO
Harmony Gold CEO Peter Steenkamp talks to Mining Weekly Online’s Martin Creamer. Video & Photographs: Dylan Slater. Video editing: Nicholas Boyd.

This week's headlines unpacked 

18th May 2018 This week, short spell of mining hope dashed, consolidation is needed to save jobs and South African mining must negotiate the many turning points and deciding moments confronting it. Mining Weekly editor Martin Creamer unpacks the headlines this week.   

This week's headlines unpacked
This week's headlines unpacked

Communities oppose West Wits gold project

By: Nadine James     18th May 2018 ASX-listed exploration and development company West Wits Mining’s South African subsidiary West Wits Mining MLI (West Wits MLI) is facing resistance from some of the affected communities surrounding the West Wits Mining Project (WWMP), located west of the Johannesburg Central Business District... 

Rising resource nationalism seen as 'fire burning' for miners

By: Bloomberg     17th May 2018 A rising tide of resource nationalism is causing miners to rethink where they invest and creating volatility for a sector already buffeted by brewing trade wars. “A significant industry issue is resource nationalism,” Rio Tinto Group CEO Jean-Sebastien Jacques told investors at a conference in... 

Rising resource nationalism seen as 'fire burning' for miners
Rio Tinto CEO Jean-Sebastien Jacques

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Private firm takes on Codelco for control of Chile lithium deposit

By: Reuters     15th May 2018 A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote... 

Katanga ramps up DRC copper, cobalt production as legal woes mount

By: Henry Lazenby     15th May 2018 Commodity giant Glencore’s majority owned and publicly traded Democratic Republic of Congo- (DRC-) focused copper/cobalt unit Katanga Mining is ramping up output after resuming production from the Phase 1 whole ore leaching project on December 11, the company reported on Tuesday. Katanga will... 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation

By: Marleny Arnoldi     15th May 2018 The Department of Mineral Resources (DMR) will make policy and legislation one of its key priorities this year and has committed to finalising the Mining Charter in June, Minister Gwede Mantashe said on Tuesday. Mantashe, who tabled the DMR’s Budget Vote in Parliament, listed the department’s... 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

DRC Mining Code draft regulations complete, but industry still hopes for changes

By: Marleny Arnoldi     15th May 2018 Major mining companies operating in the Democratic Republic of Congo (DRC) remain hopeful that meaningful changes can still be made to the 2018 Mining Code.  

Barrick, Glencore expect to get licence for Tanzanian project

By: Bloomberg     14th May 2018 Executives at Barrick Gold and Glencore expect to receive a new license for their joint venture Kabanga nickel project in Tanzania, having held “productive” talks with the government during the past several months, Barrick said Sunday. Under changes to Tanzania’s mining license structure put into... 

Ramaphosa’s ‘New Deal’ could revive investor confidence, restore fiscal discipline – Goldman Sachs

By: Anine Kilian     11th May 2018 President Cyril Ramaphosa’s economic policy platform – otherwise known as the ‘New Deal’ for South Africa – does not represent a significant philosophical departure from stated objectives in the existing National Development Plan (NDP), but Ramaphosa’s focus on economic stewardship and reform... 

Ramaphosa’s ‘New Deal’ could revive investor confidence, restore fiscal discipline – Goldman Sachs
President Cyril Ramaphosa

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

11th May 2018 The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra. 

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

Higher metals prices prop up BC mining industry in 2017 – PwC

By: Creamer Media Reporter      10th May 2018 British Columbia's mining industry remained upbeat in 2017, as prices for most metals and minerals produced in the province continued to steadily recover from multiyear lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward... 

Positive sentiment remains, despite 8.4% y/y fall in March mining production

By: Simone Liedtke     10th May 2018 The 8.4% year-on-year decrease in South Africa’s mining production in March is not necessarily an accurate reflection of the state of the mining industry, says international law firm Hogan Lovells mining head Warren Beech. He hopes that figures will have “smoothed out by June or July”, as at... 

Positive sentiment remains, despite 8.4% y/y fall in March mining production
Hogan Lovells mining head Warren Beech

Resources Watch   

10th May 2018 Reclaiming competitiveness through R&D-led mining modernisation Manufacturing capability to underpin SA’s reindustrialisation And, exciting new mining research thrust 

Resources Watch
Resources Watch

Kinross reels as two more Africa nations seek mining payoffs

By: Bloomberg     10th May 2018 Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code... 

Kinross reels as two more Africa nations seek mining payoffs

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Agarwal encouraging Anglo to accentuate South Africa link
Photo by Dylan Slater
Anil Agarwal (right) and Martin Creamer

Vedanta's KCM disputes $18m Zambia tax bill – industry source

By: Reuters     9th May 2018 Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18-million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that... 

Congo finalising mining rules after company concerns ignored

By: Bloomberg     9th May 2018 The Democratic Republic of Congo’s Mines Ministry said it’s completing work on new regulations, as a draft document showed the government has so far ignored companies’ key concerns about the reforms. Miners including Glencore and Randgold Resources have demanded the government dial back aspects... 

AfriForum’s prosecution unit considers possible legal action against Ivanplats

By: Simone Liedtke     8th May 2018 Civil rights organisation AfriForum’s Anti-Corruption Unit, as well as its Private Prosecution Unit, headed by advocate Gerrie Nel, will be taking on the case of the Ndebele Vaaltyn Tribe, who brought criminal charges against Canadian mining company Ivanplats Mines in 2014. The tribe alleges that... 

AfriForum’s prosecution unit considers possible legal action against Ivanplats
Advocate Gerrie Nel speaking to attendees and the community on Tuesday

South African output rises as AngloGold delivers at lower cost

By: Martin Creamer     8th May 2018 The smaller South African footprint of gold-mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first-quarter results with rising production and reduced rand-denominated costs. Production rocketed 29% at... 

South African output rises as AngloGold delivers at lower cost
Photo by Creamer Media
AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat)

Zimbabwe trying to win back investors’ trust

By: Anine Kilian     7th May 2018 Zimbabwe is committed to introducing mining policy certainty to win back investment and revive the industry following the swearing in of President Emmerson Mnangagwa late last year. Mnangagwa is seeking to revive the economy and attract mining investment and has pledged investor-friendly policy... 

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