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Legislative Environment News

Mentors ease entry  

By: Nica Schreuder     4th August 2017 Finding a mentor who has extensive experience in the industry is one way of mitigating challenges facing women in the mining industry, says multinational mining company Anglo American production section shift supervisor Prianka Padayachee. Women in mining face many challenges in a traditionally... 

Women need to put change in motion

By: Nica Schreuder     4th August 2017 To change the attitudes towards women working in the mining industry, women need to abandon their ‘victim’ mentality to affect empowerment, says Southern African Institute of Mining and Metallurgy (SAIMM) president-elect Sehliselo Ndlovu. “Women need to understand the company culture and the... 

Women need to put change in motion
DAPHNE KNOSI One of the proactive women in mining showing young women that a career in mining is a viable option

Conflicting Perceptions

By: Ilan Solomons     4th August 2017 There exists a clear sense of optimism in Zambia’s government circles about the future of the mining industry, particularly regarding the stability of the regulatory and fiscal regime, a stronger copper price and increased production, which the government projects will reach 850 000 in 2017 from... 

Conflicting Perceptions
Photo by AME Trade
NOT ON SAME PAGE Government’s optimism is not entirely shared by the industry owing to challenges around issues such as power, skills, bureaucratic delays and foresight concerns

Zambian copper mines urged to ‘grasp the opportunity’ as price enjoys strongest, most sustained rally

By: Ilan Solomons     4th August 2017 With the copper price hovering at around $6 000/t, the red metal is enjoying its strongest and most sustained price rally since the depths of the global commodity slump in January 2015, when it was languishing at around $4 300/t owing to slower Chinese demand, notes the Zambia Chamber of Mines... 

Zambian copper mines urged to ‘grasp the opportunity’  as price enjoys strongest, most sustained rally
BREATHING NEW LIFE With copper prices currently up about 40% from previous lows, copper mining companies are restarting stalled operations and even considering expansion

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce 

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing transformation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce
Vedanta Resources Zinc International and CMT CEO Deshnee Naidoo discusses the progress made in increasing women representation. Camerawork and Editing: Darlene Creamer.

Cash-flush Randgold in massive Côte d’Ivoire gold discovery

By: Martin Creamer     3rd August 2017 The exploration team of Randgold Resources, which on Thursday reported a 53% leap in half-year profits, plus cash on hand of $572.8-million even after the $94-million dividend payout, has defined a large target in Côte d’Ivoire, which is considered to be “potentially the most exciting gold... 

Cash-flush Randgold in massive Côte d’Ivoire gold discovery
Photo by Duane Daws
Randgold Resources CEO Mark Bristow

Resources Watch  

     3rd August 2017 Kumba CEO concerned by Minister’s reneging; Sishen productivity leaps by 57%; And, Eskom tariffs in AMSA’s action plan crosshairs as losses spike 

Resources Watch
Resources Watch

Encouraging, constructive response to destructive charter 

     3rd August 2017 The response from the National Union of Mineworkers and the ruling African National Congress on the value-destructive Mining Charter Three with regard to its impact on South Africa’s deflated mining industry and economy has been described by mining companies as very encouraging and constructive.... 

Encouraging, constructive response to destructive charter
Encouraging, constructive response to destructive charter

DMR denies having implemented mineral rights moratorium

By: Creamer Media Reporter      3rd August 2017 The Department of Mineral Resources (DMR) on Thursday said Minister Mosebenzi Zwane had not yet taken any decision to implement a moratorium on the processing of mining or prospecting right applications. This follows after the Chamber of Mines (CoM) reported that the DMR head office had... 

DRA makes top origination appointment

By: Martin Creamer     3rd August 2017 Multi-disciplinary global engineering group DRA has appointed Pierre Julien to lead the company’s global origination team as executive VP origination. With more than 22 years of senior level industry experience, Julien has been tasked with identifying and accessing new business channels, seeking... 

DRA makes top origination appointment
Photo by Duane Daws
DRA Group Holdings CEO Wray Carvelas (left) with Mining Weekly Online's Martin Creamer in Johannesburg.

Top India court orders policy changes to stop 'rapacious' mining

By: Bloomberg     2nd August 2017 India’s top court has directed the government to revise the National Mineral Policy by December at the latest to more effectively regulate the mining industry and stop illegal activity. A two-judge Supreme Court panel, led by M.B. Lokur, said the policy effective from 2008 “seems to be only on... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum
Photo by Duane Daws
Royal Bafokeng Platinum CEO Steve Phiri

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri is interviewed by Mining Weekly Online’s Martin Creamer on the tough current passage of the struggling platinum industry. Video and Video editing: Darlene Creamer 1.8.2017

NUM calls for Zwane’s resignation, concerned by large number of retrenchments   

By: Ilan Solomons     31st July 2017 The National Union of Mineworkers (NUM) on Monday called for the resignation of Mineral Resources Minister Mosebenzi Zwane, citing a complete breakdown in relations. Speaking at a press briefing to discuss recent announcements by AngloGold Ashanti and Bokoni Platinum Mine that they will be... 

NUM calls for Zwane’s resignation, concerned by large number of retrenchments
The NUM calls for Minister Mosebenzi Zwane to resign and raises concern over impending large scale retrenchments in the mining industry. Video and editing: Darlene Creamer.

Ngualla goes ahead as planned – Peak

By: Esmarie Swanepoel     31st July 2017 Recently adopted legislative changes in Tanzania would apply to the Ngualla project, but developer Peak Resources said on Monday that impacts would be manageable if rare earth prices continued to rise. Peak MD Darren Townsend said the new legislation appeared to be focused mainly on precious and... 

Acacia, Tanzania dispute intensifies over employee detention

By: Henry Lazenby     28th July 2017 Barrick Gold’s majority-owned African business segment Acacia Mining has reported that a senior international employee of its subsidiary Pangea Minerals has been detained by Tanzania authorities. The official was prevented from leaving Tanzania on Friday morning and had his passport confiscated... 

Sub-Saharan Africa’s iron-ore sector to benefit from Chinese investment

     28th July 2017 Sub-Saharan African iron-ore production is expected to continue to edge up from 93-million tons in 2017 to 103-million tons in 2021, as continued Chinese investment in the region offsets the effects of lower global prices, says research firm BMI, which also, however, warns of the risk the... 

More cost cutting as local steel demand still dim

     28th July 2017 To mitigate some of the negative impact of a worse-than-expected performance in the first quarter of the year, South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) is implementing further cost cutting and efficiency measures. This will also include a review of the long steel... 

Mines continue to drive sustainable value creation

By: Simone Liedtke     28th July 2017 The African mining industry is increasingly focusing on generating as much value as possible from mining projects to benefit all mining stakeholders and strengthen its position as a sustainable contributor to the continent’s economies, says consulting engineer Aurecon resources client director... 

Mines continue  to drive sustainable value creation
ASSMANG KHUMANI Community-benefiting projects are associated with mining company Assmang’s Khumani iron-ore mine, located in the Northern Cape, South Africa

Top trends impacting on mining come under the spotlight

By: David Oliveira     28th July 2017 During project delivery and engineering consultancy WorleyParsons’ Supplier Grow Conference earlier this month in Johannesburg advisory firm Deloitte Africa energy and resource leader Andrew Lane discussed ten trends currently impacting the global mining industry. The first trend highlighted was... 

Top trends impacting on mining come under the spotlight
Photo by Duane Daws
ANDREW LANE The mining industry is realising that it operates in an ecosystem where it is dependent on governments for regulatory access and to communities for physical access

ANC’s Mining Charter response ‘very constructive’ – Anglo

By: Martin Creamer     27th July 2017 The response of South Africa’s ruling African National Congress (ANC) party at its recent policy conference, that further discussion is required on the controversial Mining Charter Three, to ensure that investment and employment levels are not negatively affected, has been described as “very... 

ANC’s Mining Charter response ‘very constructive’ – Anglo
Mark Cutifani

Seriti coal deal edging forward positively – Anglo

By: Martin Creamer     27th July 2017 The sale by Anglo American of its Eskom-tied coal mines to the black-owned Seriti start-up is edging forward positively, new Anglo American new financial director Stephen Pearce said on Thursday. Anglo has signed a binding sale and purchase agreement with Seriti in a transaction that has been... 

Seriti coal deal edging forward positively – Anglo
Photo by Duane Daws
Seriti CEO Mike Teke

Cash-gushing Anglo restarts dividend as earnings double

By: Martin Creamer     27th July 2017 The underlying earnings of diversified mining company Anglo American have more than doubled in the six months to June 30, when the generation of cash in the half year was more than all of 2016. Earnings hit the $1.5-billion mark and cash flow soared to $2.7-billion. 

Cash-gushing Anglo restarts dividend as earnings double
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Reject the Mining Charter, urges Phosa

By: African News Agency      27th July 2017 African National Congress (ANC) presidential hopeful, Mathews Phosa, has rubbished the recently revised Mining Charter as a document crafted by “corrupt politicians who colluded with illegal immigrants” in an attempt to get their hands on the country’s mineral resources. Under threat of legal... 

Moratorium aside, Zwane approves Lonmin’s bid to acquire Anglo’s Pandora stake

By: Samantha Herbst     26th July 2017 Mineral Resources Minister Mosebenzi Zwane has given platinum major Lonmin the go-ahead to acquire Anglo American Platinum’s 42.5% stake in the Pandora platinum joint venture (JV) operation, which saves the 3 000 jobs that would have been lost had the operation been placed under care and... 

Deputy Minister ‘uncomfortable’ at not being consulted

By: Martin Creamer     26th July 2017 Deputy Mineral Resources Minister Godfrey Oliphant told Radio 702 morning anchor Xolani Gwala on Wednesday that he was “uncomfortable” at having to read about the proposed mineral rights moratorium in the newspapers. Oliphant, who has served as the deputy to three Mineral Resources Ministers,... 

Deputy Minister ‘uncomfortable’ at not being consulted
Photo by Duane Daws
Deputy Mineral Resources Minister Godfrey Oliphant

Stop moratorium now, NUM instructs DMR 

By: Martin Creamer     26th July 2017 The National Union of Mineworkers (NUM) said on Wednesday that it is deeply concerned by the current consideration by the Minister of Mineral Resources Mosebenzi Zwane to put in place a mineral rights moratorium until the finalisation of the Mining Charter Three court challenge by the Chamber of... 

Tanzania President urges increased control of mineral wealth

By: Bloomberg     26th July 2017 Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said. Investors in Tanzania’s mining industry have “stolen” from the country by failing to provide a fair share of the revenue they generate from gold... 

Kumba CEO Mkhwanazi concerned by Minister’s reneging  

By: Martin Creamer     25th July 2017 Kumba Iron Ore CEO Themba Mkhwanazi on Tuesday expressed concern about the mineral rights and mining transaction moratorium that has been gazetted by Mineral Resources Minister Mosebenzi Zwane, especially because it followed his agreement to suspend the implementation of Mining Charter Three... 

Kumba CEO Mkhwanazi concerned by Minister’s reneging
Kumba Iron Ore CEO Themba Mkhwanazi reported a reinstatement of the dividend at the presentation of half-year results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer. Video Editing: Lionel da Silva

Mandla Gantsho to replace Fani Titi as Kumba chair

By: Martin Creamer     25th July 2017 Kumba Iron Ore chairperson Fani Titi is to step down from the board of the Johannesburg Stock Exchange-listed mining company from September 30 and will be replaced by Dr Mandla Gantsho, who has been appointed as chairperson designate. Gantsho will join the board on August 1 and will succeed Titi... 

Mandla Gantsho to replace Fani Titi as Kumba chair
Outgoing Kumba Iron Ore chairperson Fani Titi

Kumba lifts iron-ore output 23%, reinstates dividend, shares rise

By: Martin Creamer     25th July 2017 Iron-ore mining company Kumba Iron Ore on Tuesday reported a 23% increase in production in the six months to June 30 on the back of a productivity step change linked to the revised Sishen mine plan. The Anglo American subsidiary achieved a fatality-free half year and reduced lost-time injuries in... 

Kumba lifts iron-ore output 23%, reinstates dividend, shares rise
Photo by Duane Daws
Kumba Iron Ore CEO Themba Mkhwanazi

Acacia gets almost $200bn adjusted Tanzanian tax assessments

By: Henry Lazenby     24th July 2017 The Tanzania Revenue Authority (TRA) has issued two Acacia Mining subsidiaries with adjusted tax assessments totalling nearly $200-billion in alleged unpaid taxes, penalties and interest owed. This is the latest blow to the operator, whose first-half performance this year was severely impacted by... 

Acacia gets almost $200bn adjusted Tanzanian tax assessments
Photo by Acacia Mining
The Bulyanhulu gold mine, Tanzania

Outa lays treason, corruption charges against Zwane

By: Anine Kilian     24th July 2017 Civil rights body, the Organisation Undoing Tax Abuse (Outa), on Monday laid a charge of treason against Mineral Resources Minister Mosebenzi Zwane, for allegedly “actively aiding State capture and causing massive financial loss to South Africa”.   Outa laid charges of treason, corruption,... 

Philippines' Duterte warns miners: 'I will tax you to death'

By: Reuters     24th July 2017 Philippine President Rodrigo Duterte on Monday said he wanted to stop exporting mineral resources and might close the mining sector completely and tax miners "to death" if damage to the environment persisted. "The protection of the environment must be made a priority ahead of mining and all... 

Moratorium likely beyond Zwane’s power – law firm

By: Natasha Odendaal     24th July 2017 A controversial proposed mineral rights moratorium may very well be beyond the scope of Mineral Resources Minister Mosebenzi Zwane's powers. Zwane last week gazetted an invitation to comment on a proposal to restrict the granting of new mining and prospecting rights applications and to restrict... 

Amplats strengthens balance sheet, continues to manage for low prices

By: Martin Creamer     24th July 2017 Platinum mining company Anglo American Platinum (Amplats) reported on Monday that it has been able to further strengthen its balance sheet in the six months to June 30, despite the weaker rand basket prices in the period. In generating R4.3-billion in underlying operating cash flow, Amplats was... 

Amplats strengthens balance sheet, continues to manage for low prices
Photo by Duane Daws
Amplats CEO Chris Griffith

Zwane meets with Black Business Council to discuss Mining Charter 

By: Ilan Solomons     21st July 2017 Mineral Resources Minister Mosebenzi Zwane on Friday met with Black Business Council (BBC) president Dr Danisa Baloyi, and her executives, to discuss the mining legislative framework and “related issues which have been in the public domain recently”, said the Department of Mineral Resources... 

Zwane meets with Black Business Council to discuss Mining Charter
Mineral Resources Minister Mosebenzi Zwane

Moratorium infers intention to circumvent agreement – Leon 

By: Martin Creamer     21st July 2017 The mineral rights moratorium gazette notice of Mineral Resources Minister Mosebenzi Zwane infers an intention to circumvent the underlying purpose of the agreement reached with the Chamber of Mines, Herbert Smith Freehills’ Africa partner and co-chair, Peter Leon, said on Friday. In particular,... 

Moratorium infers intention to circumvent agreement – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Africa practice partner and co-chair Peter Leon

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