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Mining Indaba

Randgold could lose $10m a year under proposed Congo mining code

By: Reuters     8th February 2018 Randgold Resources could lose $10-million per year if a proposed change in the Democratic Republic of Congo is signed into law, Chief Executive Mark Bristow said. "At the top end it would be $10-million a year," Bristow told Reuters, referring to the financial impact of the new law. 

South African government to gradually legalise illegal mining – Oliphant

By: African News Agency      8th February 2018 Deputy Mineral Resources Minister Godfrey Oliphant said on Thursday the South African government had taken a decision to gradually regularise the activities of illegal miners on a merit basis. Illegal mining is prevalent in South Africa, and forms part of an underground economy, with spates of... 

Richards Bay zone woos investors at Cape Town's Mining Indaba

By: African News Agency      8th February 2018 The Richards Bay Industrial Development Zone (RBIDZ) went on a charm offensive at the Mining Indaba held in Cape Town to woo local and international investors seeking export and import opportunities in KwaZulu-Natal province. RBIDZ acting manager for business development and support, Mzamo... 

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Zimbabwe to consider waivers on platinum, diamonds ownership law

By: Bloomberg     8th February 2018 Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51% owned by black citizens of the country. The government wants companies to show they have a plan to achieve compliance before it will consider granting... 

African gold miner Endeavour would rather be agile than huge

By: Bloomberg     8th February 2018 Endeavour Mining one of the fastest-growing gold producers in Africa, says bigger isn’t always better. "One of the reasons the majors have failed over the years is they’ve built such large corporate teams that the decision-making processes within those organizations is so slow," CEO Sebastien De... 

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Big Mining Indaba thinking for 2019’s quarter-century milestone
Photo by Duane Daws
Investing in African Mining Indaba MD Alex Grose

Zambia project says South African mining indaba an opportunity to interact with potential investors

By: African News Agency      8th February 2018 Zambia’s Mineral Production Monitoring Support Project hopes to use the annual mining indaba in South Africa as an opportunity to tout for support, including investment into the copper producing country, its team leader said. The MPMSP operates alongside Zambia’s mines ministry, helping keep... 

Orion to target BFS completion for Prieska project by October

By: Mia Breytenbach     8th February 2018 Following the release of the maiden mineral resource for Orion Minerals’ Prieska zinc/copper project, in the Northern Cape, the company will target the completion of a bankable feasibility study (BFS) on the project by October. Speaking to Mining Weekly Online on the sidelines of the Investing in... 

Chamber-mentored black emerging miner hits high spots in contest

By: Martin Creamer     7th February 2018 Chamber of Mines-mentored black emerging mining company Opal Mining on Wednesday hit the high spots on the investment battlefield stage at the Investing in African Mining Indaba. Opal, headed by group executive chairperson Paul Ranamane succeeded in reaching the semi-finals of a tough... 

Chamber-mentored black emerging miner hits high spots in contest
Photo by Martin Creamer
Opal Mining chairperson Paul Ranamane

South African mining industry makes compelling case for protection of coal

By: African News Agency      7th February 2018 The South African mining industry on Wednesday tabled a case for coal mining in the country, arguing that coal will continue to play an important role in the economy for the foreseeable future despite its declining profile and negative impact on the environment. At the Mining Indaba on Wednesday,... 

New dawn for platinum mining – Robert Friedland

By: Martin Creamer     7th February 2018 New cars being produced in Japan have platinum- and copper-intensive fuel cell drives that outdo battery-powered electric vehicles (EVs) in cold climates as the EV batteries drain when the heaters are switched on, Ivanhoe Mines executive chairperson and founder Robert Friedland said on Wednesday.... 

New dawn for platinum mining – Robert Friedland

Strongbow to seek Aim listing to help revive Cornish tin

By: Reuters     7th February 2018 Strongbow Exploration, the Canadian company that is seeking to revive tin production in Cornwall, southwest England, plans to list this year on London's Aim exchange for growing companies to raise development funding, its CEO said. Cornwall historically was a mining hub for metals such as tin and... 

Mining Charter should be withdrawn – Frans Baleni

By: Martin Creamer     7th February 2018 In the spirit of meaningful dialogue, the Mining Charter should be withdrawn and all key stakeholders must have a serious dialogue about the future of a sustainable mining industry in South Africa, Mining Indaba advisory board member and former leading mining trade unionist Frans Baleni said on... 

Mining Charter should be withdrawn – Frans Baleni
Photo by Duane Daws
Frans Baleni

Zimbabwe touts lithium, gold, diamonds potential at mining conference

By: African News Agency      7th February 2018 Zimbabwe's mineral resources have a huge potential to drive the economy in the future, with lithium, gold and diamonds seen leading the way, its mines minister Winston Chitando said. In a presentation to an annual conference on investing in African mining, running from February 5 to 8 in Cape... 

Increasing demand is platinum solution – Amplats

By: Martin Creamer     6th February 2018 Platinum group metals (PGMs) react positively to the amount of money spent on marketing, in a similar way to diamonds, Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking during a panel discussion on day two of the Mining Indaba, Griffith said PGMs were unlike copper, coal or... 

Increasing demand is platinum solution – Amplats

Many big new copper mines likely to be needed – Anglo

By: Martin Creamer     6th February 2018 Based on two relatively moderate and reasonable growth assumptions, the world will need the equivalent of another 22 Collahuasi copper mines to meet expected copper demand by 2030, Anglo American base metals marketing head Alex Schmitt said on Tuesday. Collahuasi, which Schmitt described as the... 

Many big new copper mines likely to be needed – Anglo
Photo by Martin Creamer
Anglo American base metals marketing head Alex Schmitt

Congo seeks more cobalt control as batteries drive boom

By: Bloomberg     6th February 2018 The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers, according to its largest State-owned mining company. "I find it scandalous that when cobalt is discussed, and the explosion of electric vehicles, only... 

De Beers eyes Zimbabwe, Congo after gaining South African permits

By: Bloomberg     6th February 2018 De Beers may follow its resumption of exploration for diamonds in South Africa’s Northern Cape by looking in the longer term at opportunities in countries like Zimbabwe and the Democratic Republic of Congo. "I’m excited about what I’m seeing in Zimbabwe," said Phillip Barton, chief executive... 

South32 prepares to spin off South African coal assets

By: Reuters     6th February 2018 South32's South African coal assets will be set up as its own business within six months, its president and chief operating officer Mike Fraser said. Fraser said that South32, which was spun out from BHP Billiton in 2015, had received a number of offers for the assets which it up for sale in... 

Master Drilling unveils novel mobile tunnel boring system at Indaba

By: Mia Breytenbach     6th February 2018 JSE-listed Master Drilling has launched its new South African-developed mobile tunnel boring system, which is suitable for the excavation of various types of tunnels. Master Drilling executive director Koos Jordaan explained at the unveiling of the system at the Investing in African Mining... 

Zambia sees 1.5Mt copper output on improved power, easing tensions

By: African News Agency      6th February 2018 Zambia expects to increase its annual copper output to 1.5-million tonnes, boosted by improved electricity supply and eased tensions with producers over policy, mines minister Christopher Yaluma said on Tuesday. "The outlook for Zambian mining looks very very positive," he told the African News... 

'Quarteritis’ damaging gold mining – Bristow

By: Martin Creamer     6th February 2018 ‘Quarteritis’ – short-term thinking in a long-term business – is terribly damaging, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Speaking on day-two of the Mining Indaba, Bristow advocated an holistic approach to the mining of gold orebodies and bringing to an end the practice of high... 

'Quarteritis’ damaging gold mining – Bristow
Photo by Martin Creamer
Randgold Resources CEO Dr Mark Bristow

Randgold Resources CE calls for gold industry to focus on assets

By: Mia Breytenbach     6th February 2018 Although the gold mining industry has largely weathered the post supercycle storm and is no longer in survival mode, the industry still remains in a kind of limbo, says Randgold Resources CE Mark Bristow. Speaking at a presentation of the company’s 2017 results, on the sidelines of the Investing... 

Unmined gold offers exciting new opportunity – Froneman

By: Martin Creamer     6th February 2018 With more gold in the ground than has been mined in the last 100 years, the South African gold mining industry has a great opportunity to modernise, introduce a social and economic compact, loudly condemn the errant behaviour of the past and eliminate the trust deficit, Chamber of  Mines VP and... 

Unmined gold offers exciting new opportunity – Froneman
Photo by Martin Creamer
Sibanye-Stillwater CEO Neal Froneman

Acceptance of realities prerequisite for gold mining success – DRDGold

By: Martin Creamer     5th February 2018 Acceptance of tough current realities was a prerequisite for gold mining success in South Africa currently, DRDGold CEO Niël Pretorius said on Monday. Speaking on day one of the Mining Indaba at a function to mark the 30th anniversary of the World Gold Council, Pretorius said that the simple... 

Acceptance of realities prerequisite for gold mining success – DRDGold
Photo by Duane Daws
DRDGold CEO Niël Pretorius

South Africa’s 112 000 gold mineworkers earn R30bn yearly

By: Martin Creamer     5th February 2018 Despite South Africa no longer being a significant producer of gold on a global scale, gold mining remained a key part of the South Africa economy by providing jobs for more than 112 000 people who earn R30-billion a year, Chamber of Mines of South Africa CEO Roger Baxter said on Monday. Speaking... 

South Africa’s 112 000 gold mineworkers earn R30bn yearly
Chamber of Mines CEO Roger Baxter

Congo's Gecamines wants to revise contracts with mining partners

By: Reuters     5th February 2018 Democratic Republic of Congo's state mining company Gecamines said on Monday it wanted to renegotiate contracts with its international partners this year to give the state a bigger share of the revenues. Congo is Africa's biggest copper and cobalt producer and also mines gold and diamonds, but it... 

Mbazima urges immediate dialogue on rail, port expansion

By: Martin Creamer     5th February 2018 South Africa’s ability to revitalise crucial infrastructure, especially rail and port networks, is among the key actions needed to bring investment back into the South African mining industry, Anglo American South Africa deputy chairperson Norman Mbazima said on Monday. Speaking on first day of... 

Mbazima urges immediate dialogue on rail, port expansion
Photo by Duane Daws
Anglo American South Africa deputy chairperson Norman Mbazima

South Africa completes inquiry into Lily mine tragedy – Zwane

By: African News Agency      5th February 2018 South Africa’s mining minister Mosebenzi Zwane said on Monday that government had completed its inquiry into the tragedy of Lily mine and that the report would now be handed over to the Department of Mineral Resources. "The inquiry into the Lily Mine accident has been concluded, and a report will... 

Beaufort West municipality to be handed fresh water resource – Zwane

By: African News Agency      5th February 2018 Mineral Resources Minister Mosebenzi Zwane announced on Monday that his department would be handing over the newly-discovered fresh water resource in Beaufort West to the municipality. Last year, the Council for Geoscience (CGS), a statutory science council under the Department of Mineral... 

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