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Legislative Environment News

NUM, Solidarity sign three-year wage agreement with Assmang

By: Natasha Odendaal     26th September 2017 Trade unions the National Union of Mineworkers (NUM) and Solidarity have secured a three-year wage agreement with iron-ore and manganese miner Assmang at its operations in the Northern Cape. Assmang, a joint venture between Assore and African Rainbow Minerals, operates the Khumani iron-ore mine,... 

Compensation sought for project approval delays

By: Ajoy K Das     26th September 2017 Responding to the Indian government’s invitation for comment on the draft National Mineral Policy (NMP), mining companies have indicated they want compensation for delays in the granting of mandatory government approvals. Seeking a time-bound grant of the approvals, industry has said that a... 

Hernic Ferrochrome in business rescue – Mitsubishi

By: Martin Creamer     22nd September 2017 Ferrochrome producer Hernic has been placed in business rescue, Mitsubishi Corporation said on Friday. The businessrescue of the Japanese subsidiary, Mitsubishi Corporation said in a release to Creamer Media’s Mining Weekly Online, is taking place under the Companies Act, following a... 

Exxaro, NUM wage agreement halts strike

By: Martin Creamer     22nd September 2017 Coal mining company Exxaro Coal and the National Union of Mineworkers (NUM) have reached a three-year wage agreement, which brings the current wage strike at its Grootegeluk and Leeuwpan mines to a conclusion.  “We are pleased that the parties were able to resolve the dispute speedily,” Exxaro... 

CFBC the preferred coal combustion technology

By: Nica Schreuder     22nd September 2017 Among the coal combustion technologies developed to achieve lower emissions, circulating fluidised-bed combustion (CFBC) technology is the preferred clean coal technology option, says Fossil Fuel Foundation co-founder and executive committee member Professor Rosemary Falcon. Despite South... 

CFBC the preferred coal combustion technology
Photo by Duane Daws
ROSEMARY FALCON The Fossil Fuel Foundation’s co-founder and executive committee member believes circulating fluidised-bed combustion is the preferred technology

Minerals processing business bullish about future, despite industry challenges

By: Nica Schreuder     22nd September 2017 Based on substantial growth over the past 12 years, mining and industrial services provider Fraser Alexander’s minerals processing business intends to double its revenue within the next three to five years, says Fraser Alexander minerals processing GM Jaco Scholtz. “We are particularly proud of... 

Minerals processing business bullish about future, despite industry challenges
ALL ENCOMPASSING Fraser Alexander is able to service clients across the coal washing and processing value chain

Electricity exports create investment opportunity for S Africa

By: Nica Schreuder     22nd September 2017 Power generation stakeholders and key industry players are investigating ways of deriving the most benefit from lower coal qualities, says independent mining advisory company Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that companies are implementing new technologies to... 

Electricity exports create investment opportunity for S Africa
Photo by Bloomberg
LEGISLATION DERAILING Rail infrastructure is crucial in Africa and South Africa, but can only be finalised once legislation surrounding independent power producers is finalised

Fuel cell opportunity to save platinum mining

By: Simone Liedtke     22nd September 2017 With platinum being one of the most effective and durable catalysts in proton exchange membrane fuel cell technology (PEMFC), fuel cell and electrolyser technology developer Isondo Precious Metals (IPM) CEO Vinay Somera believes that this presents an opportunity for the South African platinum... 

Fuel cell opportunity to save platinum mining
Photo by Duane Daws
VINAY SOMERA The drive to zero emissions also represent the “single biggest opportunity” for the industry

Eldorado calls off threat to shutter Greek development projects as relations thaw

By: Henry Lazenby     21st September 2017 Canadian gold producer Eldorado Gold reports that icy relations with the leftist Greek government is on the mend, and it has temporarily postponed its threats to mothball development of the Kasandra Mines assets in Halkidiki, Northern Greece. The Vancouver-based company said on Thursday that it... 

Outa moves to freeze Gupta mines’ rehabilitation trust fund accounts

By: Creamer Media Reporter      21st September 2017 The Organisation Undoing Tax Abuse (Outa) plans to bring about an urgent interdict against the Bank of Baroda to freeze the R1.75-billion held in the Gupta-owned Optimum and Koornfontein coal mines’ rehabilitation trust fund accounts. The group on Thursday said in a statement that the interdict... 

Further investment in Anglo by majority shareholder of Vedanta

By: Martin Creamer     21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

Further investment in Anglo by majority shareholder of Vedanta
Photo by Bloomberg
Vedanta head Anil Agarwal

Third of Pan African gold from low-cost, low-risk surface tailings 

By: Martin Creamer     20th September 2017 More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, which have long lives ahead of them. Pan African CEO Cobus Loots told investors, analysts and journalists at the company’s presentation of financial results... 

Third of Pan African gold from low-cost, low-risk surface tailings
Pan African Resources CEO Cobus Loots at the financial results presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer 20.09.2017

Tax benefits rejected under new Indian mineral policy

By: Ajoy K Das     20th September 2017 As the Indian government begins work on a new version of the National Mineral Policy (NMP) 2008, the Finance Ministry has said that it will not be possible to incorporate any direct or indirect tax benefits in the new policy document. The Finance Ministry said this week that use of direct and... 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Electric buses expected to spur platinum demand – Implats
Photo by Duane Daws
Impala Platinum (Implats) group executive marketing Paul Finney

Sibanye-Stillwater announces $450m convertible bond offering

By: Martin Creamer     19th September 2017 Precious metals mining company Sibanye-Stillwater on Tuesday announced the impending launch of a $450-million convertible bond offering linked to the refinancing of the outstanding portion of the bridge loan the company raised to buy Stillwater Mining in the US. The senior unsecured guaranteed... 

Sibanye-Stillwater announces $450m convertible bond offering
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman

Deterrence, prevention critical for miners in fight against fraud

By: Henry Lazenby     18th September 2017 Fraud is a significant burden on the mining industry and is likely to cost companies an average of 5.85% of turnover every year. Therefore, catching it before it happens is often the best weapon to combat this scourge. This figure is based on 20 years of data across more than 40 sectors,... 

Deterrence, prevention critical for miners in fight against fraud

2 500 jobs at risk at lossmaking Impala Rustenburg

By: Martin Creamer     18th September 2017 South Africa’s second-largest platinum mining company has initiated a process that may lead to 2 500 staff reductions at its lossmaking Impala Rustenburg operation, where financial sustainability has deteriorated significantly in recent years.  The Johannesburg Stock Exchange-listed Impala... 

2 500 jobs at risk at lossmaking Impala Rustenburg
Photo by Duane Daws
Implats CEO Nico Muller

Tanzanian leader's war for taxes puts economy in firing line 

By: Bloomberg     18th September 2017 Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has been on a drive to increase revenue from natural resources... 

Tanzanian leader's war for taxes puts economy in firing line
Photo by Reuters
Tanzanian President John Magufuli

Freeport seen facing more battles over world's top gold mine

By: Bloomberg     18th September 2017 The landmark deal that forced Freeport-McMoRan to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the price of the asset and how it will be run, according... 

Greece issues more Olympias permits to Eldorado

By: Henry Lazenby     15th September 2017 Eldorado Gold’s increased pressure on the Greek government seems to be paying off, with the government issuing two more permits for the Canadian miner's Olympias project. Vancouver-based Eldorado confirmed on Friday that it had received the approval of the technical study for the old Olympias... 

Greece issues more Olympias permits to Eldorado
Eldorado Gold CEO George Burns

Chinese group buys auctioned Mapochs mine

By: Martin Creamer     15th September 2017 The provisionally liquidated Mapochs mine has been sold under the hammer to International Resources Limited (IRL) of China, BiddersChoice MD Pieter Geldenhuys confirmed to Mining Weekly Online on Friday. In February last year, the Evraz Highveld Steel and Vanadium business rescue practitioners... 

Chinese group buys auctioned Mapochs mine
The Mapochs mine

AngloGold announces potential disposal of lossmaking Kopanang

By: Martin Creamer     15th September 2017 A memorandum of understanding (MoU) has been signed with a selected party which could result in a sale agreement involving the disposal of the 36-year-old, lossmaking Kopanang gold mine. AngloGold Ashanti said in a media release to Creamer Media’s Mining Weekly Online on Friday that unsolicited... 

AngloGold announces potential disposal of lossmaking Kopanang
Photo by Duane Daws
AngloGold Anshanti CEO Srinivasan Venkatakrishnan

800 000 t copper output by year-end conservative estimate

By: Simone Liedtke     15th September 2017 Copper production in Zambia will reach just more than 800 000 t by the end of this year as the country is taking steps to regain its position as Africa’s leading copper producer, according to Zambia Chamber of Mines (CoM) initiative Mining for Zambia (MFZ). “This is a conservative estimate,... 

800 000 t copper output by year-end conservative estimate
DRAWING DOLLARS $12.4-billion was invested in new mining ventures in Zambia from 2000 to 2014 by just six mining companies

Reopening of mines to stabilise employment, improve tax revenues

By: Simone Liedtke     15th September 2017 Zambia Chamber of Mines, and its initiative Mining for Zambia (MFZ), is enthusiastic about the reopening of mining operations in Zambia, which it says will not only result in increased copper production but also translate into stabilised employment levels in the country and improved tax revenues... 

Reopening of mines to stabilise employment, improve tax revenues
CONTRIBUTION TO DEVELOPMENT The mining sector contributes to Zambia’s socioeconomic development through the creation of jobs and new business opportunities

Final agreement for Mozambique graphite project approved

By: Keith Campbell     15th September 2017 The Mozambican Government has approved a mining agreement with Twigg Exploration and Mining Limitada (Twigg) for the mining of graphite in the Balama district of Cabo Delgado province. Twigg, which is based in the city of Chimoio in the province of Manica, is the wholly-owned Mozambican... 

Regulatory overhaul expected to improve water use licensing turnaround

By: Ilan Solomons     15th September 2017 Analysts are hopeful that recent regulations promulgated by the Department of Water and Sanitation (DWS) will assist in overcoming the long delays in securing water use licence authorisations (WULAs) and allow more streamlined implementation of projects. WULAs are required by a range of water... 

Regulatory overhaul expected to improve water use licensing turnaround
Photo by Duane Daws
ENCOURAGING DEVELOPMENTS The new regulations are a positive step that aligns the timelines for WULAs with the application for an environmental authorisation

Greece issues Olympias operating, tailings installation permits to Eldorado

By: Henry Lazenby     13th September 2017 Canadian gold producer Eldorado Gold confirmed on Wednesday that it has received the Olympias operating permit and the modified electromechanical installation permit for the tailings management facility at Kokkinolakkas, from the Greek Ministry of Energy and Environment. The permits were issued... 

Greece issues Olympias operating, tailings installation permits to Eldorado
The Olympias project

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

Chamber agrees to Minister's written undertaking
Chamber of Mines CEO Roger Baxter

NUM to be friend of court in Chamber’s interdict against Mining Charter’s implementation 

By: African News Agency      13th September 2017 The National Union of Mineworkers (NUM) said on Wednesday that it will be approaching the North Gauteng High Court as an intervening party, or friend of the court, in the court interdict by the Chamber of Mines against the implementation of the 2017 Reviewed Mining Charter. The NUM said it... 

NUM to be friend of court in Chamber’s interdict against Mining Charter’s implementation

AME BC lauds provincial budget update

By: Creamer Media Reporter      13th September 2017 The Association for Mineral Exploration (AME) has expressed its support of the balanced 2017 budget delivered by British Columbia’s new Finance Minister Carole James. Government, through its budget and policies creates the economic climate central to attracting critical investment in important... 

Tailings-savvy DRDGold inviting collaboration, consolidation 

By: Martin Creamer     12th September 2017 Surface gold mining company DRDGold, the oldest company listed on the Johannesburg Stock Exchange with more experience than any other mining company in the recovery of gold from tailings dumps, believes that the time may have arrived for the transplanting of its remarkable expertise to other... 

Tailings-savvy DRDGold inviting collaboration, consolidation
DRDGold CEO Niël Pretorius tells Mining Weekly Online’s Martin Creamer that the time for tailings collaboration has never been more opportune. Video and Video Editing: Darlene Creamer.

Centerra, Kyrgyzstan resolve long-standing legal standoff

By: Henry Lazenby     11th September 2017 Canadian gold producer Centerra Gold and the Kyrgyzstan government have reached a wide-ranging settlement agreement that resolves a years-long legal standoff, the company announced on Monday. The agreement, first rumoured by the media on Thursday, pushed Centerra’s Toronto-listed stock up 4.2%... 

Centerra, Kyrgyzstan resolve long-standing legal standoff
Photo by Centerra Gold
Centerra Gold's Kumtor mine, Kyrgyz Republic

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Demand for quality metals amplifying – ARM
African Rainbow Minerals CEO Mike Schmidt discusses of price premiums being paid for quality with Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Goldplat heads to High Court over Rand Refinery dispute

By: Creamer Media Reporter      11th September 2017 Aim-listed Goldplat has taken to the High Court of South Africa, Gauteng Local Division, to recover the fees owing and payable to its subsidiary Goldplat Recovery by Rand Refinery. This followed Goldplat’s comments in April that failure to resolve the long-standing dispute between the parties... 

Tanzanian ministers implicated in diamond-mining probe quit

By: Bloomberg     8th September 2017 Two Tanzanian ministers resigned after President John Magufuli told government officials suspected of wrongdoing in an investigation into the nation’s diamond- and Tanzanite-mining industries to step down. Edwin Ngonyani, a deputy minister of works, transport and communication, said he resigned... 

India likely to miss mineral block auction target

By: Ajoy K Das     8th September 2017 India’s Mines Ministry is likely to miss its goal of completing the auction of 71 noncoal mineral blocks across seven provinces in the current financial year, despite a flurry of activity to ease federal rules. The unpreparedness of provinces to conduct auctions is largely blamed for the tardy... 

Mining industry has lost faith in Minister Zwane – CoM

By: Esmarie Swanepoel     8th September 2017 The South African Chamber of Mines (CoM) on Friday told delegates at the Africa Downunder conference, in Perth, that the mining industry in South Africa had lost confidence in Mineral Resources Minister Mosebenzi Zwane and in the leadership of the Department of Mineral Resources (DMR). In a... 

Mining industry has lost faith in Minister Zwane – CoM
Photo by Bryan Charlton
Chamber of Mines CEO Roger Baxter speaking at the Africa Downunder conference, in Perth, on Friday.

Notable shaftsinking progress achieved at Blanket mine

By: Tasneem Bulbulia     8th September 2017 Southern Africa-focused gold miner Caledonia Mining Corporation “is progressing well” with the sinking of a central shaft at its Blanket gold mine, in Zimbabwe, Caledonia CFO Mark Learmonth tells Mining Weekly. The company is “very happy” with the progress made thus far, he says, with the... 

Notable shaftsinking progress achieved at Blanket mine
NECESSARY DEVELOPMENTS Once the central shaft at the Blanket mine is completed, it will enhance operating efficiency

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