http://www.miningweekly.com

Global Mining News in real time

MULTI-VIEW PRESSURE

By: Martin Creamer Many viewpoints are pressuring new Minerals Minister Ngoako Ramatlhodi, who is tasked with piloting amended minerals legislation through Parliament. The oil and gas lobby has personally convinced him that hydrocarbons legislation should be hived off separately from the Minerals and Petroleum... 

Zuma must not sign mining Bill – Bridgette Radebe

By: Sapa Mining magnate Bridgette Radebe has asked President Jacob Zuma not to sign the Minerals and Petroleum Resources Development Act Amendment Bill into law, she said on Thursday. Radebe told the Cape Town Press Club the SA Mining Development Association (Samda), of which she is president, made the... 

South Africa in need of Canadian-type junior boosting – Samda

By: Martin Creamer The introduction of a flow-through share scheme of the kind adopted in Canada should be reconsidered in South Africa to boost junior mining, South African Mining Development Association (Samda) president Bridgette Radebe said on Wednesday. Radebe told the IHS McCloskey South African Coal Exports... 

YES TO ‘ECONOMIC CODESA’ IDEA

In the nineties, South Africa solved its political problems through the Convention of a Democratic South Africa (Codesa). Some South Africans now, in the wake of the strident calls for the nationalisation of the South African mining industry, believe that the time has arrived for the conducting... 

‘Embarrassing' revised Charter ‘should be withdrawn' – KIO 

By: Martin Creamer South Africa's revised Mining Charter is an "embarrassment and should be withdrawn", says a report commissioned by the South African Mining Development Association (Samda). The leading Samda office bearers are Mmakau Mining's Bridgette Radebe and Motjoli Resources' Nchakha Moloi. 

Underperforming Marula platinum mine may close – Implats

By: Martin Creamer The underperforming Marula platinum mine may be closed if it fails to return to operational profitability, Impala Platinum (Implats) CEO David Brown said on Thursday. Delivering 45% lower gross Implats profits of R9,8-billion, Brown said that the year ahead remained challenging for Marula,... 

Women fight for inclusion in BEE model

By: Philippa Levenberg The empowerment of women in the mining sector is espoused by legislation. The Mining Charter, which outlines broad-based socioeconomic empowerment targets for the South African mining industry, states that stakeholders should aspire to a baseline of 10% women participation by 2009. This is,... 

Mining bank needed to help juniors, says Samda's Radebe

By: Creamer Media Reporter Industry group the South African Mining Development Association (Samda) has called for government to create a "resources bank" funded by royalties that mining firms will pay under the Royalty Bill, which Samda chairperson Bridgette Radebe suggests could be mining's equivalent of... 

Podcast - February 27, 2008

By: Chanel de Bruyn In this week’s podcast: Gold Fields could cut 6 900 jobs owing to the power crisis implications; Arm will interrogate some 20 other coal prospects to increase coal supplies to Eskom; and Pamodzi Gold chairperson Ndaba Ntsele says South African mining will move more towards a non-racial... 

Real Economy Report

By: Creamer Media Reporter From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week: - This year will see very important developments regarding South Africa and Outer Space - Trevor Manuel announces a 50% deduction incentive for junior mining exploration investments - Sipho Nkosi... 

Samda wants govt to set up ‘resources bank’ to help junior firms

By: Matthew Hill Industry group the South African Mining Development Association (Samda) has called for government to create a "resources bank" funded by royalties that mining firms will pay under the Royalty Bill, which Samda chairperson Bridgette Radebe suggests could be mining's equivalent of... 

Miners say they are moving ahead with SA investment plans, despite power constraints

By: Matthew Hill Government and industry officials insisted on Tuesday that South Africa's current electricity supply catastrophe was only temporary, and that it would not deter potential future investments. Government said that the country was still open to new investments, and that the power shortage was... 

Coal major urged to sell export terminal allocations to black, junior producers

By: Matthew Hill The outspoken president of the South African Mining Development Association (Samda) on Tuesday publicly appealed to mining giant BHP Billiton to sell as much as six-million tons of its South African coal export terminal capacity to black companies.  

Stakeholder group to meet next month on flow-through shares

By: Matthew Hill The National Treasury-chaired working group looking into the viability of flow-through shares being introduced to South Africa would have a meeting on August 20, which could provide some clarity on the future of these shares in the country. 

Multiple factors hamper mining investment

By: Neal Goldwyer A spectre is haunting South Africa - the impoverished ghost towns from Namaqualand to Vryheid. These monuments to mining's negative legacy have spooked government since 1994 into targeting the industry for transformation. However, its regulatory interventions have been denounced for discouraging... 

Mmakau buys 7,5% of Marula for R158,5m

By: Matthew Hill Black economic-empowered (BEE) miner Mmakau Mining, which is led by mining entrepreneur Bridgette Radebe, has acquired 7,5% of Impala Platinum's Marula operation for R158,5-million, raising the mine's BEE ownership to 22,5%. Mmakau joins Tubatse Platinum and the Marula Community Trust as BEE... 

Take advantage of mineral wealth - Mlambo-Ngcuka

Instead of begrudging the People's Republic of China for bringing the local textile industry to its knees through its cheap fabric exports, South African entrepreneurs should focus on other sectors where they could have a competitive edge over that country, Deputy President Phumzile Mlambo-Ngcuka... 

New minerals board launched

By: Nicola Mawson Speaking at the launch of the Minerals and Mining Development Board last night, Minerals and Energy Minister Lindiwe Hendricks said that the board is “faced with enormous challenges and tasks”. 

Cape Town to host big junior-mining congress

South Africa will this year host an international conference of the junior-mining industry, to take place during September 19 - 22, at the Arabella Sheraton Grand Hotel, Cape Town. 

Samancor Chrome sale imminent

By: jenny furness An announcement on the disposal by BHP Billiton of its 60% stake in South African chrome producer Samancor Chrome is imminent, the company's CEO Chip Goodyear said yesterday at the group's interim results presentation. 

Reports of preferred bidder for chrome sale

By: Terence Creamer At the time of going to press, there was still no official word on the sale of Samancor Chrome, but it was understood that the process was well-advanced with some speculation that BHP Billiton – which owns 60% of the business with Anglo American owning the balance - may have identified a... 

BHP Billiton still distilling Samancor Chrome bids

By: Terence Creamer There is still no official word on the sale of Samancor Chrome, but it is understood that the process is well advanced and there is even some speculation that BHP Billiton - which owns 60% of the business with Anglo American owning the balance - may have identified a preferred bidder. 

Royalty unhappiness comes to fore again

By: Helene Le Roux Government’s proposed Mineral and Petroleum Royalty Bill is raising the hackles of the local mining industry. 

Empowered miner eyes coal, platinum prospects

By: Irma Venter Over the next five years, Bridgette Radebe’s Mmakau Mining aims to grow its coal and platinum assets. In fact, the company expects to make an announcement in the next few months, said Radebe at a Gibs Forum breakfast. 

Radebe questions sustainability of empowerment deals

By: jenny furness In the rush to achieve compliance with the new South African mining legislation, companies are forming black economic empowerment (BEE) partnerships that are not sustainable, Mmakau Mining CEO and South African Mining Development Association (Junior Mining Chamber) chairperson Bridgette Radebe... 

Radebe questions sustainability of BEE deals

By: jenny furness In the rush to achieve compliance with the new South African mining legislation, companies are forming black economic empowerment (BEE) partnerships that are not sustainable, Mmakau Mining CEO and South African Mining Development Association (Junior Mining Chamber) chairperson, Bridgette Radebe... 

Stop exporting beneficiation jobs, minister tells summit

By: andrew lanham The objectives of the Limpopo Mining Summit held on the August 31 2004 in Polokwane focused on gaining the commitment from the mining houses operating in the region towards a provincial growth and development strategy. 

Shaft Sinkers in another BEE deal

Mining services group Shaft Sinkers has sold its shareholding in cementitious-support-product manufacturer Concrete Lining Products to a black-owned mining company, Zambezi Mining Services. 

R30m acquisition creates benefits for all

By: lauren rota For a BEE mining company that has long had a focus on graduating from ore-extracting activities to mining-construction operations, the purchase of a stake in one of South Africa’s most reputable shaft-sinking firms has been the start to the realisation of that goal. 

Minister stresses charter’s training pillar

By: Martin Zhuwakinyu Minerals and Energy Minister Phumzile Mlambo-Ngcuka has stressed the need for mining houses to equip their workers with basic literacy skills and technical competencies, pointing out that this will be one of the criteria for the conversion of old-order to new-order mineral rights when the Mineral... 

Samda urged to play role in transformation

South African Mining Development Association (Samda) president Bridgette Radebe yesterday reiterated the association’s vision: “to be the vehicle for the development of a vibrant and sustainable junior mining sector, which contributes towards the growth and prosperity of the... 

First
Prev
1
2 3 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.83Change: -0.02
R/$ = 10.86Change: -0.01
Au 1230.01 $/ozChange: 1.28
Pt 1271.00 $/ozChange: 2.00