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Mining Indaba

Temporary power solutions touted as cost-effective option for mines

By: Ilan Solomons     9th February 2017 The global mining industry is enduring a period of great uncertainty. In the face of extreme market volatility, stagnant commodity prices, weak demand and suppressed levels of economic growth in established markets, many mining companies are striving to remain buoyant, says temporary power... 

Parties recommit to AMV Compact, Mbeki praises initiative’s aims

By: Ilan Solomons     9th February 2017 Delegates at a policy dialogue forum during the 2017 Investing in African Mining Indaba heard strong re-endorsements from public and private sector speakers for the Africa Mining Vision (AMV) Compact. The AMV Compact was launched at last year’s Mining Indaba, where it received early support from... 

Concerns about illicit funding flows dog mining companies in Africa

By: Kim Cloete     9th February 2017 A World Bank report has raised concerns about tax compliance by mining companies in Africa, tax loopholes and the illicit flow of funds in a range of African countries. The report, ‘Transfer Pricing in Africa, with a focus on Africa’, has shown that several countries on the continent have... 

Collaboration, inclusiveness among key themes at 2017 Mining Indaba

By: Ilan Solomons     9th February 2017 There are signs of hope for recovery in some commodities, owing to recent price improvement, which has lent a more upbeat tone to this year’s Investing in African Mining Indaba, in Cape Town. However, South Africa has some “sobering lessons” for African countries, which have yet to fully launch... 

Collaboration, inclusiveness among key themes at 2017 Mining Indaba
SRK Consulting partner and principal consultant Andrew van Zyl

Signs of hope for the platinum industry

By: Kim Cloete     9th February 2017 Following a few tough years, experts believe the platinum sector’s future looks bright, with a strong case for investing in the precious metal. World Platinum Investment Council CEO Paul Wilson this week said traditional investors had walked away from platinum as an investment from 2015 to 2017,... 

Global uncertainties to drive FDI in Africa’s mining sector

By: Ilan Solomons     9th February 2017 The uncertainties surrounding geo-economic trends, including Brexit, Donald Trump’s election as US President and increasing efforts by China to dominate the global economy, may not bode well for global political stability but could present opportunities for Africa, says global law firm Baker... 

New mining method needed to boost mine life – Froneman

By: Martin Creamer     8th February 2017 Latest estimates indicate that South Africa still has 400-million tonnes of gold ore in the ground that are amenable to profitable extraction using mechanised techniques. In addition, there are 160-million tonnes of high-grade ore locked in underground support pillars, accessible from current... 

New mining method needed to boost mine life – Froneman
Photo by Duane Daws
Chamber of Mines VP Neal Froneman

Improving efficiencies the name of the game for AngloGold

By: Kim Cloete     8th February 2017 AngloGold Ashanti says its focus remains improving margins across the business, despite lower grades at some of its operations, as well as currency headwinds. “We are committed to improving efficiencies and widening margins regardless of the lower metal price,” AngloGold CEO Srinivasan... 

Streamlined, transparent system needed to unlock Africa’s mineral resources value – AU

By: Ilan Solomons     8th February 2017 It is vitally important that African mining industry stakeholders start initiating dialogue towards building a more well governed and progressive minerals sector that will contribute to the continental vision of resource-led industrial development guided by Agenda 2063, outgoing African Union... 

Streamlined, transparent system needed to unlock Africa’s mineral resources value – AU
African Union Commission trade and industry commissioner Fatima Haram Acyl

A fillip for iron-ore, but is it sustainable?

By: Kim Cloete     8th February 2017 The past year has been a volatile but positive one for iron-ore, with higher prices helped by a burst of demand from China. Panelists at the Investing in African Mining Indaba, being held in Cape Town, this week, agreed that there was still great uncertainty in the iron-ore market, with Macquarie... 

Enormous global demand on way for copper, platinum, zinc – Friedland

By: Martin Creamer     8th February 2017 Enormous global demand is building up for copper, platinum and zinc, driven by new technology, mitigation of health risks in hospitals and agricultural augmentation, Ivanhoe Mines executive chairperson Robert Friedland said on Wednesday. In a comprehensive address to the Investing in African... 

Enormous global demand on way for copper, platinum, zinc – Friedland
Photo by Duane Daws
Ivanhoe chairperson Robert Friedland

Isondo excited about prospects for a viable fuel-cell manufacturing industry 

By: Kim Cloete     8th February 2017 Isondo Precious Metals is rolling out its fuel-cell strategy and is planning to establish a fuel-cell component manufacturing plant in South Africa. Isondo CEO Vinay Somera on Wednesday said he and his team had “scoured the world” for the best-in-class technology with an eye on building a... 

If the future really is nuclear, Niger says it is ready for it

By: African News Agency      8th February 2017 Investing in mining production in Niger might sound a little like playing in the traffic with razor blades but delegates at the Investing in African Mining Indaba heard on Tuesday, that it is a lot better bet than it sounds on a number of levels. The country’s Mines and Energy Minister Moussa... 

Satellite platform to increase bandwidth efficiency by up to 50% for mines in remote areas

By: Ilan Solomons     8th February 2017 Pan-African telecommunications group Liquid Telecom has deployed its first Mx-DMA satellite link to a mining company in Africa, the company announced during a presentation at the Investing in African Mining Indaba, held in Cape Town this week. Liquid Telecom satellite and very small aperture... 

Locally developed pelletising technology set for commercial roll-out

By: Ilan Solomons     8th February 2017 Engineering company CoalTech has successfully established a 10 000 t/m coal pelletising and curing plant, in eMalahleni, Mpumalanga. Having initially launched its pelletising technology at the 2016 Investing in African Mining Indaba, the company announced to delegates at this year’s Mining Indaba... 

Exxaro CEO calls for nation to rethink BEE ownership, warns not to repeat past mistakes

By: Kim Cloete     8th February 2017 A new way of looking at black economic empowerment (BEE) ownership is needed to avoid the “pain and frustration” that has been experienced in the past, suggests Exxaro CEO Mxolisi Mgojo. “As leaders of one of the country’s largest employers, we should reassess current empowerment initiatives . .... 

Exxaro CEO calls for nation to rethink BEE ownership, warns not to repeat past mistakes
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

Water scarcity tops list of world miners' worries

By: Reuters     8th February 2017 The world's top mining companies warned on Tuesday that assets will be stranded and investors will walk away unless they deal with water scarcity in key mining regions such as Africa, Australia and Latin America. After the hottest global year on record in 2016, water has shot up the agenda at... 

Gold continues to be safe haven in these uncertain times

By: Kim Cloete     7th February 2017 Experts believe the buying of gold for investment purposes is set to increase, as currencies decline. Uncertainty over decisions made by US President Donald Trump may also see investors heading for gold. “There will be a lot of gold buying for investment purposes in the next few years. We expect... 

Forevermark brand expanding customer base globally  

By: Ilan Solomons     7th February 2017 The response to the Forevermark diamond brand has been “just great” in the past three years, which is, to a significant degree, attributable to the brand’s promise of authenticity, quality, uniqueness, integrity and being ethically sourced, states De Beers' Forevermark brand ambassador at Caratco... 

Forevermark brand expanding customer base globally
De Beers' Forevermark brand ambassador at Caratco Anna Russo discusses the brand's growth.

Mining won’t be bullied into submission – Froneman 

By: Martin Creamer     7th February 2017 South Africa’s mining industry will not be bullied and beaten into submission and all stakeholders have a role to play to improve the South African situation, Chamber of Mines (CoM) VP and Sibanye Gold CEO Neal Froneman said on Tuesday. Speaking assertively at the Investing in African Mining... 

Mining won’t be bullied into submission – Froneman
Photo by Darlene Creamer
Neal Froneman

Technology advancement improves project efficiencies, says WorleyParsons

By: Ilan Solomons     7th February 2017 As engineering company WorleyParsons’ global centre of excellence for mining, WorleyParsons RSA expends a substantial amount of energy and resources on developing advanced solutions for its customers that will increase accuracy and efficiency while reducing risk. The project delivery and... 

Unctad calls for fair and transparent mining deals

By: Kim Cloete     7th February 2017 A call has been made for fair, transparent disclosure around extractives in Africa and clear and open rules of engagement between governments and mining companies. United Nations Conference on Trade and Development (Unctad) secretary general Dr Mukhisa Kituyi told delegates at the Investing in... 

Babcock to launch new equipment, says customers upbeat about 2017

By: Ilan Solomons     7th February 2017 Engineering support services company Babcock will, during the course of this year, launch new “ground-breaking construction equipment”. “Babcock is renowned and respected for delivering high-production machinery that is also fuel efficient. Therefore, this year, we are adding the Volvo A60H, the... 

Investment company offers tips on avoiding bull market mistakes

By: Kim Cloete     7th February 2017 Take a measured view of the exploration business and be aware of the risks of investing in small mines, advises investment company Sprott US Holdings president and CEO Rick Rule. Rule, who has offered advice on investing in resource companies for decades, says people tend to be afraid when they... 

Chamber calls on mining to renounce its apartheid past

By: Martin Creamer     6th February 2017 Mining is the foundation of the South African economy. Much of the manufacturing and services sectors exist because they were initiated to service and provide inputs to the mining industry since the second half of the 19th century. However, mining was also one of the foundation stones of South... 

Chamber calls on mining to renounce its apartheid past
Photo by Duane Daws
Chamber of Mines president Mike Teke

Right conditions will unlock shared value for all South Africans – South32

By: Martin Creamer     6th February 2017 The right conditions will enable mining companies to deliver inclusive growth and meet the expectations of stakeholders, as well as deliver superior returns to shareholders, South32 president and COO Africa Mike Fraser said on Monday. In delivering a forceful address at the Investing in African... 

Right conditions will unlock shared value for all South Africans – South32
Photo by Duane Daws
South32 president and COO Africa Mike Fraser

Chamber calls for workable, practical Mining Charter

By: Kim Cloete     6th February 2017 The Chamber of Mines (CoM) has cautiously welcomed the address by Mineral Resources Minister Mosebenzi Zwane to the Investing in African Mining Indaba, in Cape Town. However, it has various concerns, and has called for a practical and workable third iteration of the Mining Charter, which is... 

Inquiry into Lily mine accident to start within a few days

By: Kim Cloete     6th February 2017 An inquiry into an accident at the Lily gold mine, in Barberton, Mpumalanga, a year ago, will start within the next few days. This follows the wrapping up of an investigation by the Department of Mineral Resources (DMR). The primary objective of the inquiry is to find the container in which three... 

Randgold proposes 52% dividend-payout increase as FY16 profits rise 38%

By: Ilan Solomons     6th February 2017 Africa-focused Randgold Resources has increased production for the sixth consecutive year in 2016, while reducing total cash cost per ounce, and remains upbeat about its future prospects despite global uncertainties. Speaking to Mining Weekly Online on the sidelines of the Investing in African... 

Randgold proposes 52% dividend-payout increase as FY16 profits rise 38%
Randgold Resources CEO Dr Mark Bristow

DMR to focus on supporting junior miners; MPRDA to be finalised by June

By: Kim Cloete     6th February 2017 Mineral Resources Minister Mosebenzi Zwane has welcomed signs of a new “spring” in the mining industry, noting the recovery in commodities prices, and has signalled that he will intensify support for junior miners in the year ahead. Zwane told the annual Investing in African Mining Indaba in Cape... 

DMR to focus on supporting junior miners; MPRDA to be finalised by June
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Cutifani encourages mining sector to focus on constructive dialogue

By: Kim Cloete     6th February 2017 Anglo American CE Mark Cutifani has advocated a new future for mining, through innovation, a sharper focus on resilience and, in South Africa in particular, a recognition that “capital has no colour”. He told delegates at the annual Investing in African Mining Indaba conference, in Cape Town,... 

Cutifani encourages mining sector to focus on constructive dialogue
Anglo American CE Mark Cutifani
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