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Mining Indaba

DTI pleased with indaba achievements

By: Pimani Baloyi At this year’s Investing in African Mining Indaba, the Department of Trade and Industry (DTI) was able to foster communication and create an understanding between government departments and trade unions about the beneficiation of natural resources, DTI trade and investment deputy director-general... 

Mining industry needs to be more consultative, transparent

By: Pimani Baloyi Mining companies needed to be more open and transparent with communities surrounding their mine operations, Bench Marks Foundation executive director John Capel said in his presentation during a panel discussion, of which the topic was Building Community Trust, at the 2015 Investing in African... 

Artist advocates for art representation at indaba

By: Pimani Baloyi Renowned global mining artist Jeannette Unite, who has exhibited at the Investing in African Mining Indaba for three consecutive years in the past, has urged indaba organisers to facilitate the display of a group art exhibition that speaks to the mining industry. Unite tells Mining Weekly that... 

Artist advocates for art representation at indaba
COMPLICIT GEOGRAPHIES: GONDWANALAND This piece was made out of mined minerals and detritus, iron oxide, titanium dioxide, platinum slag, ilmenite incorporated in a polymer acryl emulsion

Consultancy notes interest, despite influx of service providers at indaba

By: Pimani Baloyi While the number of representatives from mining companies attending the 2015 Investing in African Mining Indaba seems to have dwindled and the presence of mining service providers has increased, South Africa-based consulting firm Mac Consulting says potential clients still paid the company... 

Exhibitor strategically planning product response following indaba

By: Pimani Baloyi Following the 2015 Investing in African Mining Indaba, temporary power and temperature-control solutions provider Aggreko is deciding which projects to pursue through strategic planning while also developing plans to customise its solutions to meet these specific project requirements. Aggreko... 

Exhibitor strategically  planning product response following indaba
MARTIN FOSTER Aggreko continues to flourish despite ongoing downward pressure on commodity prices

First-time exhibitor pleased with indaba outcomes

By: Pimani Baloyi Engineering design software specialist company Autodesk, which made its debut at this year’s Investing in African Mining Indaba, says the event has proved to be a great platform for the company to interact with mining company managers and showcase its software solutions. Autodesk application... 

First-time exhibitor pleased with  indaba outcomes
AUTODESK STAND Autodesk's strategy going into the indaba was to focus on customer challenges and to demonstrate how its products helped to solve these issues

Indaba invests more than R350 000 in education

In an attempt to provide education, knowledge and mining sector experience to South African students, the Investing in African Mining Indaba this year invested about R350 000 in bursaries for four mining and engineering students. Indaba MD Jonathan Moore says that the 2015 bursaries were awarded... 

New research lab to become operational in April

By: Pimani Baloyi Information technology services company IBM’s new IBM Research – Africa lab, in Johannesburg, will start operating next month, IBM Industry global industrial products GM Dirk Claessens tells Mining Weekly. The company last month announced its plan to establish this laboratory to expand its... 

Tough year ahead, but opportunities exist

By: Pimani Baloyi While the African mining industry should brace itself for difficult financial conditions, opportunities for economically viable mining projects remained, financial institution Nedbank senior investment banker Mark Tyler told delegates at the 2015 Investing in African Mining Indaba. He explained... 

Crisis expert outlines top risks for mining in Africa

By: Kim Cloete Mining companies investing in Africa are facing constantly evolving political risks – from security threats and extremism to the rise of social media, which is changing communication patterns and shaping public debate. “The power of social media and its impact on politics needs to be at the... 

Graca Machel calls on mining companies to invest in communities

By: Kim Cloete Foundation for Community Development president Graca Machel has called on mining companies to invest in communities in the countries in which they operate. She suggested that such investment should be implemented in several ways, including through the establishment of a special fund that would... 

Dealing with third-party access for mining companies

By: Kim Cloete Companies that invest in major projects, which rely on railways and ports for the export of product, are increasingly having to accommodate third parties at those assets. They also had to sharpen up their tariff formulations so that they did not get caught short, global law firm Baker & McKenzie... 

Investors increasingly cautious about the mining projects they finance 

By: Kim Cloete Investors in the mining industry say oversupply has weighed heavily on prices in the iron-ore and coal sectors, while the fall in the oil price is expected to bring relief to several mining projects across Africa. “With oversupply, the market is not in sync in iron-ore and coal. There’s a lot of... 

Race for Africa likened to 1848 California gold rush

By: Martin Creamer The race for Africa has become like the California gold rush of 1848 with everyone dashing in to get a piece of the action, says Robin Saunders, the American financier and managing partner of Clearbrook Capital. Saunders, who addressed the 21st Mining Indaba in Cape Town this month, says that... 

Race for Africa likened to 1848 California gold rush
Photo by Reuters
Clearbrook Capital managing partner Robin Saunders

Global investment firms call on African governments to foster certainty

By: Kim Cloete Private equity investors at the Mining Indaba in Cape Town have urged African governments to foster economic certainty in their countries. “Mining companies are okay with paying tax and in helping regional development. But at the same time, for us to put capital into a project, we have to have... 

Platinum fuel cells to power five-million Japanese homes – Ivanhoe 

By: Martin Creamer Japan was building platinum-using fuel cells to provide clean electricity and heat to 5.3-million homes, Ivanhoe Mines executive chairperson Robert Friedland told the Mining Indaba on Wednesday. Japan was also planning to run the Tokyo Olympics on fuel cells to showcase the arrival of the... 

Platinum fuel cells to power five-million Japanese homes – Ivanhoe
Photo by Duane Daws
Ivanhoe Mines chairperson Robert Friedland

Rio Tinto sees opportunities for development in Africa

By: Kim Cloete Despite the challenges faced by the mining industry in Africa, mining continues to be the most important channel for foreign investment for several countries on the continent. “Well-considered investment provides opportunities for real social gains. The ideal outcome is for mining to help... 

Minerals Minister wants early lancing of developmental price boil 

By: Martin Creamer Vigorous opposition to the manner in which the government intends pricing the soon-to-be-announced strategic minerals has resulted in Mineral Resources Minister Ngoako Ramatlhodi seeking legal counsel in a bid to bring the tendentious matter to early finality. The Minister revealed in his opening... 

Minerals Minister wants early lancing of developmental price boil
Photo by Duane Daws
Mineral Resources Minister Ngoako Ramatlhodi

World economy doing better than one might think – expert 

By: Kim Cloete Despite two huge global disturbances – the burst of the technology bubble and what’s become known as the Great Recession in 2008/9 – world GDP growth has been stronger in the past decade than in the prior two decades. “The world economy has been stronger than many people seem to believe. It’s not... 

World economy doing better than one might think – expert

AngloGold’s investment case stronger than ever – Venkat

By: Martin Creamer Cost-disciplined gold major AngloGold Ashanti had entered into a sweet spot of strong leverage to the gold price, currencies and the low oil price, CEO Srinivasan Venkatakrishnan (Venkat) told the Mining Indaba on Tuesday. “I’ve never felt more optimistic about our performance for the next two to... 

AngloGold’s investment case stronger than ever – Venkat
Photo by Duane Daws
AngloGold Ashanti CEO Srinivasan Venkatakrishnan

Mining industry is ‘basically bust’ – Bristow

By: Kim Cloete The mining sector is in a sorry state even at current prices and cannot be seen as a viable industry unless it undergoes a major reinvention, says Randgold Resources CEO Mark Bristow. “The harsh reality is that the mining sector has inflicted debt and write-downs on itself without making... 

Mining absolutely vital for Africa’s economic future – Blair 

By: Martin Creamer The mining industry remained absolutely vital for Africa’s economic future, former UK Prime Minister Tony Blair told the Mining Indaba on Tuesday. Even with the sharp declines in commodity prices, tremendous opportunities  remained for an adjustment and a reshaping of mining in Africa into a... 

Mining absolutely vital for Africa’s economic future – Blair
Photo by Bloomberg
Former UK PM Tony Blair

Bold modernisation essential to mining’s sustainability – Griffith

By: Martin Creamer Modernisation was a vital step in building a sustainable South African mining industry, Anglo American Platinum (Amplats) CEO Chris Griffith told the Mining Indaba on Tuesday. The 50-year-old Amplats head, who has served the Anglo American group for the last 25 years, told the busy conference... 

Bold modernisation essential to mining’s sustainability – Griffith
Photo by Duane Daws
Amplats CEO Chris Griffith

Diamond demand on the rise

By: Kim Cloete The demand for diamonds is set to continue increasing this year, with demand outstripping supply and no new discoveries on the horizon, delegates at the Mining Indaba heard this week. “There’s no significant rise in production and that will affect diamond pricing,” said Fusion Alternatives CEO... 

Good opportunities for SA to export coal to India

By: Kim Cloete South Africa should move more aggressively to export coal to India, as well as look for opportunities in other emerging markets, suggests Macquarie Group global commodities research head Colin Hamilton. He told delegates at the Mining Indaba in Cape Town that India was a good option, as it did... 

Law-breaking strikers will be jailed, Minister promises Indaba 

By: Martin Creamer Striking mineworkers who break the law will be jailed, Mineral Resources Minister Ngoako Ramatlhodi promised the Mining Indaba on Tuesday. Leaving the labour issue till last in his 20-minute opening address to the jam-packed conference, the Minister told the 7 000 mining professionals attending... 

Law-breaking strikers will be jailed, Minister promises Indaba
Photo by Duane Daws
Mineral Resources Minister Ngoako Ramatlhodi

Fuel cells, cleaner fuel to create new platinum demand

By: Martin Creamer A move towards cleaner fuel and a focus on fuel cells for cars would be the sources of new demand for platinum, SFA Oxford chairperson Stephen Forrest told the Mining Indaba on Monday. Forrest said that Toyota, Honda and Hyundai were all expected to release fuel-cell cars next year, with Daimler... 

Fuel cells, cleaner fuel to create new platinum demand

Copper back in deficit in three years – CRU

By: Martin Creamer The copper market, which has seen prices fall to their lowest level in five-and-a-half years, will be back in deficit in 2018, says CRU group manager Vanessa Davidson. Despite the China slowdown and the short-term challenges, Davidson says that copper’s fundamentals remain fairly solid and do not... 

Copper back in deficit in three years – CRU

Iron-ore doomed to 2015 price doldrums, Indaba hears

By: Martin Creamer The iron-ore market will remain oversupplied in 2015 and iron-ore will sell in the low $70/t price range this year, which has begun even worse than 2014, Wood Mackenzie principal metals and mining consultant Roger Emslie told the Mining Indaba on Monday. Emslie, who sketched how iron-ore had last... 

Iron-ore doomed to 2015 price doldrums, Indaba hears

World Bank study calls for integration of energy, mining 

By: Kim Cloete A World Bank report released at the Mining Indaba in Cape Town on Monday has called on mining companies to work more closely with electricity utilities in sub-Saharan Africa to meet their growing energy demands. The report finds that the mining sector’s demand for power in sub-Saharan Africa is... 

World Bank study calls for integration of energy, mining

Consumer FDI eclipsing mining investment in Africa

By: Martin Creamer The rising prominence of investment in consumer-linked industries in Africa is significantly eclipsing investment in mining, with mining’s share hitting an all-time low at only 2% of foreign direct investment (FDI) in recent years. Technology, media and telecommunications have risen to 20% of the... 

Consumer FDI eclipsing mining investment in Africa
After Mining Indaba MD Jonathan Moore
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