http://www.miningweekly.com
R/€ = 14.80 Change: 0.06
R/$ = 12.04 Change: 0.05
Au 1341.30 $/oz Change: 4.84
Pt 1008.50 $/oz Change: 14.88
 

Legislative Environment News

Cooke underground closes but 1 640 Beatrix jobs saved – Sibanye

By: Martin Creamer     1st November 2017 The underground mining operations at the Cooke 1, 2 and 3 gold mining shafts on the West Rand have been placed on care and maintenance resulting in the retrenchment of 2 025 employees, in addition to the 1 350 who took voluntary separation packages, precious metals mining company... 

NUM mass meeting at Cooke

By: Martin Creamer     31st October 2017 The National Union of Mineworkers (NUM) will hold a mass meeting at Sibanye-Stillwater's Cooke Operations on the West Rand on Wednesday morning over the alleged issuing of termination letters to more 2 000 workers at the gold mine. Reuters earlier quoted a Sibanye-Stillwater spokesperson as... 

Need for production cap in new Indian mineral policy flagged

By: Ajoy K Das     31st October 2017 With a new National Mineral Policy (NMP) in the works, India’s Ministry of Environment and Forests (MoEF) has flagged the need for mineral production caps to be set. The Ministry has said that since the focus in the revision of the NMP 2008 is on sustainable mining, environmental protection and... 

Exxaro spending R20bn on coal projects

By: Martin Creamer     27th October 2017 One of South Africa’s largest and foremost black-empowered mining companies, Exxaro Resources, is implementing a five-year, R20-billion capital expenditure (capex) programme on coal mining projects in Limpopo and Mpumalanga. The black-led JSE-listed company has seven coal projects under way, four... 

Exxaro spending R20bn on coal projects
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

Kibo secures Esia certification for Mbeya project

By: Natasha Odendaal     27th October 2017 AltX- and Aim-listed Kibo Mining has been granted an environmental- and social-impact assessment (Esia) certificate for its Mbeya coal and power generation project, in Tanzania. The Esia is the latest critical milestone for the company’s Mbeya coal-to-power project (MCPP), taking the project a... 

Influence of association grows in surface mining sector

     27th October 2017 The Aggregate and Sand Producers Association of South Africa (Aspasa) says it has become a world leader in the proactive guidance and management of issues facing the surface mining industry, subsequent to gaining the recognition of its local and international stakeholders. Aspasa’s proactive... 

Influence of association grows  in surface mining sector
Photo by Bloomberg
LOOKING LOCAL Aspasa advocates the recruitmet of workers living in close proximity to mining operations

Draft regulations on rehab funds at odds with other pieces of legislation

By: Dylan Slater     27th October 2017 Mining companies are between a “rock and a hard place” over proposed tax measures to curb what government says is abuse of mining rehabilitation funds, according to law firm Bowman Gilfillan partners Betsie Strydom and Wandisile Mandlana.  

Despite regulatory creep, Mali remains ‘model’ mining country – Randgold

By: Henry Lazenby     26th October 2017 Africa-focused miner Randgold Resources said on Thursday that Mali was in many ways a model of its kind for Africa’s other mining countries, despite “some concern” that continued “upward revisions” to its mining code was diminishing its ability, relative to its peers, to attract investment.... 

Third-quarter Sibanye-Stillwater operating profit up 41%

By: Martin Creamer     26th October 2017 The group operating profit of Sibanye-Stillwater in the three months to the end of September was 41% higher than last year’s third quarter and 5% up year-on-year. The Johannesburg- and New York-listed precious metals mining company, headed by CEO Neal Froneman, on Thursday reported group... 

Third-quarter Sibanye-Stillwater operating profit up 41%
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman

Appea concerned about talk of Cooper basin resource ban

By: Esmarie Swanepoel     26th October 2017 The Australian Petroleum Production and Exploration Association (Appea) has again warned the Queensland government that prohibiting gas exploration and development in parts of the Cooper basin would destroy jobs and investment and drive up energy costs for households and businesses. Appea... 

Freeport trades lower on earnings miss as production falls

By: Henry Lazenby     25th October 2017 The NYSE-listed equity of the world’s second-largest publicly traded copper miner by market capitalisation traded as much as 3.87% lower on Wednesday, despite confidently beating earnings forecasts as lower-than-expected output weighed on investor sentiment. For the three months ended September... 

Freeport trades lower on earnings miss as production falls
Photo by Freeport-McMoRan
SAG mills at Freeport's Grasberg mine, in Indonesia

Govt eager to get mining parties back to the table – Gigaba

By: Natasha Odendaal     25th October 2017 With the implementation of the revised – and heavily contested – Mining Charter Three postponed to December, Finance Minister Malusi Gigaba on Wednesday said it was critical that the current impasse in the mining sector be resolved. Earlier this year, the Department of Mineral Resources (DMR)... 

Govt eager to get mining parties back to the table – Gigaba
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

Mining communities ask to join case against South Africa Charter

By: Bloomberg     24th October 2017 A group of South African mining communities will challenge the government’s Mining Charter and seek a court order to ensure they are involved in drafting any replacement. About 150 community-based organizations and activists, represented by the Centre for Applied Legal Studies, will apply to join... 

India relaxes rules for coastal and offshore mining

By: Ajoy K Das     23rd October 2017 In a bid to deepen exploration and mining of atomic and rare earth minerals across the country, the Indian government is putting in place a slew of measures. For starters, the government has notified that it will relax mining norms in fragile coastal areas and that the exploration and mining of... 

Rise in DRC exploration activity expected

     20th October 2017 With the improvements in the copper price, mining interest will soon be returning to the Democratic Republic of Congo (DRC), says mining consultancy SRK Consulting country manager Susa Maleba.   “In fact, for explorers wanting to initiate drilling programmes, time is running out,” says Maleba.... 

Rise in DRC exploration activity expected
EXTENDING LIFE The sulphide resources underlying the oxide resources at Kinsevere have the potential to extend the mine life to 2033

ECSA renews Wits School of Mining accreditation

By: Dylan Slater     20th October 2017 The accreditation of University of the Witwatersrand’s (Wits) School of Mining Engineering has been renewed for another five-year cycle by the Engineering Council of South Africa (ECSA).  

ECSA renews Wits School of Mining accreditation
CUTHBERT MUSINGWINI Renewal of the Wits School of Mining Engineering’s ECSA accreditation illustrates the high standard of the school’s standard

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

Resources Watch  

     19th October 2017 This week: South African mining rights application process open to corruption And, South Africa should consider agromining 

Resources Watch
Resources Watch

Diamond exploration intensifying close to mine that paid for itself in 3.5 days 

By: Martin Creamer     18th October 2017 London- and Botswana-listed Botswana Diamonds, which is funding diamond exploration on three sites in South Africa, expects to declare an inferred resource by year-end at its Thorny River project in Limpopo, which is located very close to the Marsfontein mine that had an astonishing... 

Diamond exploration intensifying close to mine that paid for itself in 3.5 days
Botswana Diamonds MD James Campbell talks to Mining Weekly Online's Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Lionel da Silva

Chamber files for review of 'disastrous' Mining Charter

By: News24Wire      18th October 2017 The Chamber of Mines filed an application in the North Gauteng High court on Tuesday to have a judicial review and setting aside of the Mining Charter. According to the founding affidavit, the Charter released by Mineral Resources Minister Mosebenzi Zwane on June 15 had, and continues to have, a... 

Chamber files for review of 'disastrous' Mining Charter
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

‘Digital effectiveness’ tops EY’s 2017/18 risk radar

By: Henry Lazenby     18th October 2017 Professional services firm EY Global has revealed it annual ‘Top 10 business risks facing mining and metals’ report on Tuesday, with new entry ‘digital’ topping the list of most critical risks facing the mining industry in the coming year. This year’s report has seen a reshuffling with digital... 

‘Digital effectiveness’ tops EY’s 2017/18 risk radar

Young HDSA diamond beneficiators doing well – De Beers 

By: Martin Creamer     17th October 2017 The model launched last year by De Beers for the development of young historically disadvantaged South Africans (HDSAs) as diamond beneficiators is proving highly successful, De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala said on Tuesday. Speaking to Mining Weekly Online on the... 

Young HDSA diamond beneficiators doing well – De Beers
De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd and Lionel de Silva.

WA’s exploration incentive in the firing line as gold royalty leaves A$100m hole

By: Esmarie Swanepoel     17th October 2017 Western Australia’s Exploration Incentive Scheme (EIS) could be in the firing line as the state government scrambles to make up the A$100-million a year hole left by the tanking of the proposed gold royalty. Speaking on the sidelines of the Paydirt nickel conference, Mines and Petroleum Minister... 

WA govt to clear red tape for miners

By: Esmarie Swanepoel     17th October 2017 The Western Australian government has committed to a number of reforms to support the state’s nickel industry. Speaking at the Paydirt nickel conference, in Perth, Mines and Petroleum Minister Bill Johnston said that the government was committed to reducing red tape and regulatory duplications... 

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Exploration, junior culture needed to save mining – Bristow
Top resources consultant Dr John Bristow outlines the urgent need for exploration to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Tanzanian mining sector facing tough times

     13th October 2017 The Tanzanian mining sector has been hardest hit by regulatory changes in the country, with investors in other sectors also adopting a more cautious stance, which will present headwinds to growth in the long term, says research firm BMI Research. A recent dispute between the Tanzanian government... 

Tanzanian mining sector  facing tough times
Photo by Duane Daws
MINING DIFFICULTIES Recent regulatory changes have increased the difficulties of mining in Tanzania

ASX-listed company shares views on new legislation

     13th October 2017 ASX-listed Magnis Resources has received and reviewed initial legal advice on the new legislative amendments to the legal framework governing the mining and natural resources sector in Tanzania and its impact on the company’s activities in Tanzania. The legal advice confirms the in-country... 

ASX-listed company shares views on  new legislation
Photo by Reuters
THREE NEW BILLS The Tanzanian government has introduced three new Bills that will affect Magnus Resources’ mine in the country

Development plan for gasfield submitted for approval

     13th October 2017 Oil and gas company Aminex has submitted a development plan for the Ntorya field, located onshore in the Ruvuma basin, in Tanzania, to the Tanzania Petroleum Development Corporation (TPDC) for approval. 

Development plan  for gasfield submitted for approval
NTORYA GASFIELD Aminex's development plan is a key step towards obtaining a development licence and the commercialising of the resources from the Ntorya appraisal area

Mining licence application submitted to Tanzanian govt

     13th October 2017 Junior graphite developer Walkabout Resources has submitted a mining licence application to the Ministry of Energy and Minerals of Tanzania for the Lindi Jumbo mine. The application, submitted last month, was prepared in compliance with the recently promulgated amendments to Tanzania’s Mining Act... 

Legislation not expected to significantly impact on niobium mine

     13th October 2017 A significant proportion of the much discussed new legislation that has been implemented in Tanzania is not expected to impact ASX-listed Cradle Resources or its jointly-owned niobium mining company Panda Hill Tanzania (PHT), says Cradle Resources. The new legislation is contained in three bills... 

Legislation not expected to significantly impact on niobium mine
IN-COUNTRY VALUE-ADDITION Cradle Resources' proposed Panda Hill project will upgrade its niobium concentrate to ferroniobium on site, which is in line with new Tanzanian legislation on local beneficiation

Mining licence submitted for Fungoni

     13th October 2017 ASX-listed Strandline Resources has submitted the mining licence application for its Fungoni heavy mineral sands (HMS) project, in Tanzania, to the Ministry of Energy and Minerals. The application has been prepared in light of the advanced engineering work conducted to date as part of the... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Self-starters share secrets to success  in the South African mining sector

Diamond struggles in Tanzania

     13th October 2017 Owing to the possible loss of revenue at London-listed Petra Diamonds’ operation in Tanzania, it is likely that the mining company will have to seek a waiver from its banking consortium, as it has in the past, for its December 2017 bank covenant test. This is according to credit ratings firm... 

Diamond struggles in Tanzania
Photo by Duane Daws
MINE CARE AND MAINTENANCE Petra Diamonds’ Williamson mine, in Tanzania, may be put on care and maintenance

Resources Watch  

     12th October 2017 This week: Chamber of Mines stands by its decision to boycott gala dinner; Rip up charter, provide tax incentives, back junior miners, says Maimane And, ANC will heed Joburg Indaba call for removal of Minerals Minister, says Mkhize 

Resources Watch
Resources Watch

RBPlat puts foot on capex accelerator at Styldrift

By: Martin Creamer     12th October 2017 The total capital expenditure (capex) of Royal Bafokeng Platinum (RBPlat) surged on increased mining and construction activities at the company’s Styldrift 1 project in line with ramp-up plans. The black-owned and controlled, mid-tier platinum group metals producer, which operates the Bafokeng... 

RBPlat puts foot on capex accelerator at Styldrift
Photo by Duane Daws
Royal Bafokeng Platinum CEO Steve Phiri

Minergy’s Botswana coal project given quantity, quality boost

By: Martin Creamer     12th October 2017 Coal mining and trading company Minergy on Thursday reported both a quantity and quality boost to its Masama coal project in Botswana. The company, headed by CEO Andre Bojé, plans to build an opencast coal mine at Masama with the potential to produce 2.4-million tonnes of coal a year. 

Minergy’s Botswana coal project given quantity, quality boost
Minergy CEO Andre Bojé

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

South Africa should consider agromining – US professor
Florida International University distinguished research professor Stephen E Haggerty talks to Mining Weekly Online’s Martin Creamer on the potential to farm for metals. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva.

Latest News

more

Latest Videos

more

Research Reports

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close