http://www.miningweekly.com
R/€ = 16.89 Change: -0.07
R/$ = 14.39 Change: -0.07
Au 1196.72 $/oz Change: -11.50
Pt 824.50 $/oz Change: -12.49
 

Legislative Environment News

Indian Mines Ministry pushes for expedited process towards timely auctions

By: Ajoy K Das     29th March 2018 The Indian government has set a deadline of April 1 next year for the completion of general exploration by 288 merchant mining leases that are slated to expire on March 31, 2020. In a statement, the Mines Ministry said that the auction process for these leases has to be initiated well in... 

India mulls risky tweaking of laws defining illegal mining

By: Ajoy K Das     28th March 2018 In view of a spate of court-imposed penalties for illegal mining, the Indian government is working on tweaking the definition of ‘illegal mining’ risking a political and legal minefield. While no official details on the possible changes in definition of illegal mining have been announced,... 

Canada to target smuggling of steel intended to dodge US tariffs

By: Reuters     28th March 2018 Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new US tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday. Trudeau said this month he was aware of concerns that countries facing the tariffs could try to ship supplies... 

R&E reports R7m loss due to ongoing litigation

By: African News Agency      26th March 2018 South African gold miner Randgold and Exploration (R&E) on Monday reported a total comprehensive loss of R7-million for the year ended 31 December 2017, down from R7.9-million the previous year, as a result of an increase in legal fees.  R&E said that during the 2017 financial year, it received... 

Australia ‘ill prepared’ for US tax reforms – tax specialist

By: Esmarie Swanepoel     26th March 2018 A new report by the Minerals Council of Australia (MCA) has warned that Australia could struggle to compete for investments as the US employs tax reforms. International tax specialist Dr Jack Mintz believes that Australia is “ill prepared” to deal with the global implications of the US... 

Australia ‘ill prepared’ for US tax reforms – tax specialist

Mexican federal court approves Odyssey’s offshore sulphate mining permit; others to benefit

By: Henry Lazenby     24th March 2018 The Mexican Superior Court issued a unanimous ruling this week in favour of Nasdaq-listed Odyssey Marine Exploration’s subsidiary Exploraciones Oceánicas (ExO), which overturned a previous denial of ExO’s environmental permit application to extract phosphate sand at its Don Diego project, in the... 

Mexican federal court approves Odyssey’s offshore sulphate mining permit; others to benefit

US Army Corps announces scoping period for Northern Dynasty’s Pebble project

By: Henry Lazenby     23rd March 2018 The US Army Corps of Engineers' Alaska District will publish a notice of intent in the US federal register next week to prepare a draft environmental-impact statement (EIS) to review the Pebble Limited Partnership’s (PLP's) application to discharge fill material into US waters for the purpose of... 

Congo mines minister rejects industry proposal to retain exemptions

By: Reuters     23rd March 2018 Democratic Republic of Congo's mines minister rejected a proposal by mining companies on Friday to retain exemptions and scrap some taxes in exchange for higher royalties than those in a new mining code, calling the taxes "untouchable". Mines Minister Martin Kabwelulu was reacting to a proposal... 

Mining Charter, sustainability and coal make this week's headlines 

23rd March 2018 This week, ARM's Patrice Motsepe predicts a successful charter and land outcomes; Anglo commits to ambitious sustainability strategy and Exxaro’s Coal, rapid loadout projects are under construction. Mining Weekly editor Martin Creamer unpacks the headlines. 

Mining Charter, sustainability and coal make this week's headlines
Mining Charter, sustainability and coal make this week's headlines

Mining Charter must ensure radical transformation, inclusive growth

By: Marleny Arnoldi     23rd March 2018 In light of the Mining Charter III currently under review by the Department of Mineral Resources (DMR) and various stakeholders including mining houses, Siyakhula Sonke Empowerment Corporation Advisory (SSC Advisory) believes an ideal outcome would be for the charter to focus on radical... 

Mining Charter must ensure radical transformation, inclusive growth
Photo by Bloomberg
SOCIAL ENGAGEMENT Community problems cannot be solved by a one-size-fits-all, blanket approach – every mine and community is unique

Chilean mining policy championed for South Africa

23rd March 2018 Chile, the world’s leading copper producer, serves as a good example of mining policy for South Africa to emulate, postulates research and policy organisation the South African Institute of Race Relations (IRR).  

Chilean mining  policy championed  for South Africa
CHILLED OUT Chile, the world’s leading copper producer, boasts a thriving mining industry, positioning it as prime example of good mining policy

Bullion association punting responsible sourcing as a ‘must have’

By: Mia Breytenbach     23rd March 2018 The London Bullion Market Association, the world’s authority for precious metals, together with its 150 members based in more than 30 countries and encompassing every part of the journey in precious metals production, is adding value to the global industry by setting standards, developing market... 

Bullion association punting responsible sourcing as a ‘must have’
Photo by Bloomberg
VAULT HOLDINGS Data available for end of November 2017 reveals that there is 7 841 t of gold, valued at $322.7-billion, equating to approximately 627 319 gold bars

Concerted effort needed to combat South Africa’s illegal mining scourge

By: Dylan Slater     23rd March 2018 Illegal mining in South Africa requires a multi-pronged approach from both the mining industry and the government in an effort to better manage the situation. The violent gang-led tendencies of illegal mining in South Africa spills to the surface through inter-gang rivalry erupting in bloody... 

Concerted effort needed to combat South Africa’s illegal mining scourge

US LNG firms lament bad timing of steel tariffs and China trade spat

By: Reuters     22nd March 2018 The Trump administration's planned steel tariffs and a potential trade battle with China could hurt US liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG, making... 

US LNG firms lament bad timing of steel tariffs and China trade spat

As commodities roar, Africa wants bigger slice of mining pie

By: Bloomberg     22nd March 2018 One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting... 

Only two Indian provinces ready for auction of expiring licences

By: Ajoy K Das     22nd March 2018 With barely 24 months left before 348 mining leases expire, only two Indian states have been able to submit reports to establish a semblance of readiness to conduct fresh auctions and continuation of operations of these mines without disruptions. The Mines, Minerals Development Amendment Act... 

Caledonia Mining hits new production record at Blanket mine; to increase mine stake

By: Henry Lazenby     22nd March 2018 Aim- and TSX-listed gold producer Caledonia Mining has achieved a new production record at its flagship Blanket mine, in Zimbabwe, reporting an 11.5% year-on-year improvement in output to 56 133 oz for 2017. The London-based company, which owns a 49% stake in the Blanket gold mine said all-in... 

B2Gold sets record straight as Mali mulls mining code amendments

By: Henry Lazenby     22nd March 2018 Canadian miner B2Gold has issued a statement confirming that the full details of any proposed new Mali mining code and the timing for its implementation are not known at this time. The miner responded to recent media reports attributing statements to a government minister at a joint news... 

Canada's PM optimistic on NAFTA as deal on autos appears closer

By: Reuters     21st March 2018 Prime Minister Justin Trudeau said on Wednesday he remained optimistic Canada would get a good deal at the NAFTA modernisation talks amid signs negotiators could be closer to settling one of the trade pact's most contentious issues. Officials are due to meet next month for the eighth round of... 

First Quantum steadies as CEO hopeful of escaping giant tax bill 

By: Bloomberg     21st March 2018 First Quantum Minerals recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9-billion tax bill in Zambia - which includes $5.7-billion in interest. First Quantum received a letter from the Zambia... 

G20 agrees to 'monitor' cryptocurrencies but no action yet

By: Reuters     21st March 2018 Financial policymakers from the world's top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage. Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat
Photo by Reuters
Canada's Finance Minister Bill Morneau

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish

By: Henry Lazenby     20th March 2018 Junior project developer Eco Oro Minerals is pursuing a $764-million judgement against Colombia after a court ruling has cancelled exploration over half its concession as part of national efforts to preserve high-altitude wetlands, known as the Páramos. The Vancouver-headquartered company has... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish
Photo by Eco Oro Minerals
Angostura project, Colombia

Mantashe not intent on scrapping Mining Charter 3

By: Anine Kilian     20th March 2018 Mineral Resources Minister Gwede Mantashe on Tuesday stressed the importance of tackling key aspects of the third iteration of the Mining Charter (Mining Charter 3) with urgency and speed. Addressing media at a press briefing, in Pretoria, he said government was not going to start the Mining... 

Mantashe not intent on scrapping Mining Charter 3
Mineral Resources Minister Gwede Mantashe

EV adoption rate reaching critical mass as search for ethical cobalt heats up

By: Henry Lazenby     20th March 2018 Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

US bans transactions with Venezuela's digital currency – White House

By: Reuters     19th March 2018 US President Donald Trump on Monday signed an executive order barring any US-based financial transactions involving Venezuela's new petro cryptocurrency, as US officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy in the OPEC country. "The... 

US Congressional action underscores strong desire to establish domestic REE supply chains

By: Henry Lazenby     19th March 2018 Recent US Congressional actions point to a strong desire to establish domestic rare earth element (REE) supply chains, as the industry seeks to diversify away from dominant producer and consumer – China. Congress continues to work on the development of REE separation technologies, as evidenced by... 

US Congressional action underscores strong desire to establish domestic REE supply chains
Rare-earth oxides

In-principle agreement reached on some changes to Mining Charter 3 – Solidarity

By: Anine Kilian     19th March 2018 In-principle agreements have already been reached regarding certain changes to the third iteration of the Mining Charter, or Mining Charter 3, during negotiations held over the weekend, says trade union Solidarity. Mineral Resources Minister Gwede Mantashe and his deputy Godfrey Oliphant met with... 

DRC curbs expectations of miners about concessions on code

By: Bloomberg     19th March 2018 Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

ARM's Motsepe predicts successful charter, land outcomes
African Rainbow Minerals executive chairperson Patrice Motsepe at presentation of 15% higher half-year earnings covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

Glencore, Randgold mines quit Congolese industry body ahead of govt talks

By: Reuters     16th March 2018 Mines run by Glencore, Randgold Resources and three other international companies have quit the Democratic Republic of Congo's chamber of commerce, saying the industry body does not adequately represent their interests after the introduction of a new mining law. The miners said in a joint... 

Stringent regulations may impede coal industry growth

By: Donald Makhafola     16th March 2018 While key challenges facing the coal mining industry make the future of coal in South Africa uncertain, when considering the weight of coal in South Africa's energy mix, the coal mining industry is likely to remain an important one, says credit insurer Coface group economist Ruben Nizard. South... 

Stringent regulations may  impede coal industry growth
RUBEN NIZARD The environmental regulations worldwide could have an impact on coal exports

New platform to help resolve cross border mining services constraints 

By: Tracy Hancock     16th March 2018 There are two major challenges facing the supply of cross-border mining services in Africa – a lack of resources, such as skills and investment, and poor or nonexistent infrastructure – hindering the enormous growth in mining activity across Africa, says Cross-Border Mining Services Indaba... 

New platform to help resolve cross border mining services constraints
Cross-Border Mining Services Indaba conference manager Ros Hinchcliffe discusses the value of the inaugural event. Camerawork and Editing: Nicholas Boyd.

Confronting Africa’s corrupt business culture

By: Tracy Hancock     16th March 2018 Corruption is a huge challenge with regard to the supply of cross-border mining services in Africa. Corruption seems to be entrenched in the culture of the way things are done in Africa, as anticorruption laws are not necessarily well enforced, with Pretoria-based professional ethics advisory... 

Confronting Africa’s corrupt business culture
JANETTE MINNAAR-VAN VEIJEREN Organisations should rather share the valuable lessons learnt with one another and join forces against those who are there to exploit and corrupt the innocent

Lawyer hails Mantashe appointment, govt resolve to cooperate with mining

By: Nadine James     16th March 2018 Recent political changes, not least the appointment of Gwede Mantashe as Mineral Resources Minister, combined with the Ramaphosa administration’s seeming resolve to collaborate with industry, particularly the Chamber of Mines (CoM), have resulted in a “cautious optimism” for mining stakeholders,... 

Lawyer hails Mantashe appointment,  govt resolve to cooperate with mining
GEORG KAHLE Mantashe’s commitment to ensuring that an agreement on the charter is reached by June, should result in the legislature’s making the necessary amendments to the MPRDA

Mining companies to engage with DRC on new mining code

By: Marleny Arnoldi     15th March 2018 A legal and technical team representing the major mining companies operating in the Democratic Republic of Congo (DRC) arrived in Kinshasa on Thursday for 30 days of engagement with the government on its new mining code.  

Oliphant talks up Mantashe's mining pedigree in Toronto

By: Henry Lazenby     15th March 2018 South Africa's Deputy Mineral Resources Minister Godfrey Oliphant talked up the mining pedigree of newly installed Minister Gwede Mantashe during the recent Prospectors and Developers Association of Canada's annual convention, held in Toronto. "His previous mining experience is an advantage for... 

Oliphant talks up Mantashe's mining pedigree in Toronto
Photo by Henry Lazenby
SA Deputy Mining Minister Godfrey Oliphant holds a gold casting of former President Nelson Mandela's hand during the 2018 PDAC convention, in Toronto

Latest News

more

Latest Videos

more

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
Close