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Mining Indaba

African mining investment event revitalised

By: Bruce Montiea This year’s Investing in African Mining Indaba will feature a new addition to the programme – the participation of an influential global figurehead, with former UK Prime Minister Tony Blair as the inaugural speaker presenting the keynote address, says Mining Indaba group marketing director Maria... 

Aus association aims to increase membership, strengthen relationships

By: Pimani Baloyi Australia-Africa Mining Industry Group (Aamig), which will have a presence in the Australia Lounge at the 2015 Investing in African Mining Indaba, says that it will focus on further increasing its membership and strengthening relations with the Australian government and African State governments.... 

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

Mining companies urged to focus far more on health of communities

By: Kim Cloete Tuberculosis (TB) is a silent killer in many communities and deserves far more attention from mining companies. “We need to change our regulatory regime to recognise the biggest killer in our mines – TB,” South Africa’s Health Minister, Aaron Motsoaeledi, told the 2015 Investing in African Mining... 

Africa-focused drill supplier increases international sales

By: Pimani Baloyi Johannesburg-based exploration drilling equipment manufacturer HUD Mining Supplies, which will exhibit at the 2015 Investing in African Mining Indaba, has been increasing its market share outside Africa over the past two years. HUD director and GM Ian Omand tells Mining Weekly that the company... 

Amtec

Applied Mineral Technologies (Amtec) specialises in the project management, design, engineering, fabrication and construction of material handling systems and processing plants. The company, which was established in 2001, employs a number of key people each having more than 20 years’ experience. 

Amtec

Award-winning law firm outlines achievements and capabilities

By: Ilan Solomons Owing to recently receiving several accolades, such as the Energy and Natural Resources Team of the Year and the African Law Firm of the Year awards at the 2014 African Legal Awards ceremony, in Johannesburg, in October 2014, law firm Webber Wentzel partner Sipho Methula believes the firm is well... 

Award-winning law firm outlines achievements and capabilities
HARD WORK AHEAD The African mining sector faces a range of challenges, which require innovative solutions, particularly from a legal perspective

Banker to identify and finance mining projects at mining event

By: Bruce Montiea Sustainable banking-focused banker Nedbank aims to use the Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 9 to 12 – to find, promote and finance mining projects and companies that are willing to survive tough economic conditions and... 

Banker to identify and finance mining projects  at mining event
MARK TYLER Nedbank is making an effort to get closer to its clients and let them know that, however turbulent the markets are, it is committed to staying by their side

Call for greater support for mining industry

By: Pimani Baloyi Richards Bay-headquartered heavy-equipment manufacturer Bell Equipment, which has several large-scale South Africa-based projects in the 2015 pipeline, will exhibit its new B60 articulated dump truck (ADT) mining range at this year’s Investing in African Mining Indaba, which will take place at... 

Canada government supporting sustainable African mining

By: Ilan Solomons The Canadian government will highlight recent initiatives demonstrating its commitment to supporting the responsible and sustainable development of Africa’s mineral resources at this year’s Investing in African Mining Indaba, which will take place at the Cape Town International Convention Centre... 

Canada government supporting sustainable African mining
CANADA PAVILION International Development and La Francophonie Minister Christian Paradis inaugurating the Canada Pavilion at the 2014 Mining Indaba
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