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Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Mining’s performance must improve for the good of the South African people

By: Martin Creamer     26th October 2018 Although the mining production figures for the month of August were regrettably still on a downward trajectory, sentiment in the sector has improved by leaps and bounds since Mineral Resources Minister Gwede Mantashe took office. Disaggregation of August’s output data by Investec exposed a... 

Some aspects of new Mining Charter ‘still need to be explained’

By: Nadine James     26th October 2018 The gazetting of South African Mining Charter 3, while welcomed as a step forward in creating certainty in the industry, has left gaps regarding its interpretation and its affects on mining communities, says black economic-empowerment advisory firm NPI Governance Consulting founder and CEO Israel... 

Govt banking on policy certainty to revive mining industry 

By: African News Agency      24th October 2018 South Africa's government is banking on recent reforms and policy certainty to revive the mining industry after production  fell by 1.7% in the first eight months of 2018 compared with an increase of 4.5% in the same period last year, Finance Minister Tito Mboweni said on Wednesday. In his maiden... 

South Africa’s mining sector headed for muted growth

By: Natasha Odendaal     19th October 2018 South Africa’s new economic stimulus and recovery plan is unlikely to revive growth in the country's bleak mining sector, Fitch Solutions’ latest Industry Trend Analysis shows. Despite a R400-billion infrastructure fund pledge and renewed mining regulatory clarity to restore investor confidence,... 

Releasing exploration companies from onerous regulatory burdens is positive

By: Martin Creamer     12th October 2018 Mining Charter Three does not tie exploration companies down to the obligations it places on new mining licence applicants. Exploration has not been encumbered with 30% black economic empowerment obligations, 5% carried interest for labour, 5% carried interest for communities and the other boxes... 

Mitak's capacity, technology and local manufacture underpins the quality of its high chrome white iron mill liners

8th October 2018 The Johannesburg-based company Mitak, which exhibited for the first time at this year’s Electra Mining 2018, ranks among the world's majors in terms of high chrome white iron (HCWI) foundries. Since its founding in 1973, the company has developed and capitalised on its extensive experience in... 

Charter continues expropriation of investor returns – Paul Miller

By: Nadine James     5th October 2018 Mining Charter 3 has continued its predecessor’s trajectory of setting a “progressive creeping expropriation of investor returns”, CCP 12J Fund MD Paul Miller told delegates at the Joburg Indaba this week. He noted that South Africa had always relied on attracting foreign capital, adding that the... 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

Proper stimulation of mining can ensure better living standards for the people of South Africa

By: Martin Creamer     5th October 2018 Johannesburg and Los Angeles have something special in common. They were both catalysed by gold mining. The Witwatersrand gold rush of 1886 led to the establishment of Johannesburg and the California gold rush of 1848 led to the development of Los Angeles. Both cities are examples of the... 

International investment in South Africa’s mining industry lagging  

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Mathunjwa calls on govt to implement more socialist policies to retain jobs

By: Nadine James     4th October 2018 South Africa should transition from a constitutional democracy to a “social democracy” and implement more socialist policies to retain jobs in the mining sector, suggests Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa. Speaking on the second day of the Joburg... 

Charter a stepping stone towards mining industry recovery, but tech adoption needed

By: Marleny Arnoldi     3rd October 2018 Exxaro Resources CEO and Minerals Council South Africa (MCSA) president Mxolisi Mgojo said 2018 was a second watershed moment for South Africa’s mining industry, following the finalisation of Mining Charter 3. The first moment of this magnitude, he noted, was in 2004, when the Minerals and... 

High administrative costs, industry uncertainty holding mining back

By: Nadine James     3rd October 2018 The mining sector is poised for a positive future but is still hindered by a “harsh” environment, Minerals Council South Africa CEO Roger Baxter stated at the Joburg Indaba, on Wednesday. In his keynote address, titled ‘A harsh environment in South Africa or a new dawn’, he noted that one of the... 

Minerals Council South Africa’s Response To The Publication Of The Mining Charter:

3rd October 2018 Welcomes The Publication Of The Mining Charter And Broadly Supports Its Intentions And Content Following the gazetting of the Mining Charter by the Minister of Mineral Resources on 27 September 2018, the Minerals Council has reviewed the document and provides its initial response below. The... 

Mantashe calls for marketing of platinum

By: Martin Creamer     3rd October 2018 A platinum Mandela coin should be minted and marketed and platinum-catalysed fuel cells used to power off-grid areas, Mineral Resources Minister Gwede Mantashe said on Wednesday. In his opening speech to the well-attended Joburg Indaba, Mantashe, who is seven months into the job, said he had... 

MCSA to engage Mantashe on ‘unresolved’ issues in Mining Charter 3

By: Nadine James     3rd October 2018 The Minerals Council South Africa (MCSA) has resolved to further engage Mineral Resources Minister Gwede Mantashe on “unresolved” issues in Mining Charter 3, which was gazetted on September 27. These unresolved issues include the limited applicability of continuing consequences of past... 

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

By: Terence Creamer     28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Law firms see benefits of gazetted Mining Charter 3, MPRDA amendment Bill removal

By: Simone Liedtke     28th September 2018 To effect the necessary changes that are needed for South Africa’s economy to grow, government and industry will, moving forward, have to focus on economic assessments, instead of policy development, says law firm Webber Wentzel partner and mining sector head Jonathan Veeran. Following the... 

Joburg Indaba to provide ‘reality check’, promote investment

By: Paige Müller     28th September 2018 This year’s Joburg Indaba will focus heavily on the economic environment and South African government’s role in encouraging investment in the embattled local mining sector, says investment conference specialist and organiser of the Joburg Indaba, Resources 4 Africa. Resources 4 Africa CEO Paula... 

Study demonstrates policy and sector decline link

By: Paige Müller     28th September 2018 Country-risk strategy and economics advisory firm Eunomix will release its latest study, completed on August 31, at this year’s Joburg Indaba, in which it demonstrates the causal relationship between the decline of the South African mining sector and the local policy environment. Eunomix CEO... 

Panel discussions around legal uncertainty in SA mining

28th September 2018 Global law firm ENSafrica – a premium sponsor, speaker and panellist at this year’s Joburg Indaba – states that it is eager to take part in this year’s panel discussion themed around legal uncertainty. “With the Joburg Indaba hosting its fourth event this year, it has become one of the... 

Industry leaders to tackle concerns at Indaba

By: Paige Müller     28th September 2018 With the economy and Mining Charter front of mind, the 2018 Joburg Indaba – taking place from October 3 to 4 at the Inanda Club, in Johannesburg – will scrutinize the mining industry and the economy, says event organiser Resources 4 Africa. Key speakers will focus on diverse topics, with the... 

Mitak liners improve overall performance

By: Nadine James     28th September 2018 Johannesburg-based high chrome white irons (HCWI) foundry Mitak produces hard-wearing, abrasion resistant mill and ore-chute linings that can improve the life and grinding-performance of mills, and assist in meeting Mining Charter III local procurement obligations, says Mitak business development... 

Solidarity says Sasol’s Khanyisa in breach of Mining Charter 3

By: Marleny Arnoldi     27th September 2018 Trade union Solidarity is of the view that petrochemicals giant Sasol now finds itself on the wrong side of Mining Charter 3, which was gazetted this week. According to the charter, employees must share in company shareholding and all employees must benefit from employee share ownership plans.... 

Mantashe confirms gazetting of Mining Charter 3 

By: Simone Liedtke     27th September 2018 Mineral Resources Minister Gwede Mantashe on Thursday confirmed that the Mining Charter 3 had officially been gazetted. Coupled with this, he stated during a media briefing, in Pretoria, that a formal request has been submitted to the Speaker of the National Assembly and the National Council of... 

Mantashe to unpack finalised Mining Charter on Thursday

By: News24Wire      26th September 2018 Minister of Mineral Resources Gwede Mantashe will on Thursday morning brief members of the media on the finalised version of the Mining Charter. The long-awaited release of a renewed charter comes a week after Minister of Communications Nomvula Mokonyane confirmed that it had been approved by... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

Mining Charter to be gazetted next week

By: African News Agency      21st September 2018 The final Mining Charter would be gazetted next week by Mineral Resources Minister, Gwede Mantashe. The Charter was approved with minor amendments by the September 19 Cabinet meeting. 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Local coal future depends on economic situation

By: Jessica Oosthuizen     21st September 2018 Coal mining currently provides more than 86 000 jobs locally, and this figure will increase as more junior mines are expected to open in the future, provided that the economic situation “does not deteriorate further”, says coal consulting company XMP Consulting senior coal analyst Xavier Prévost.... 

Cabinet’s approval of new Mining Charter a ‘positive’ step – law firm

By: Marleny Arnoldi     20th September 2018 Multinational law firm Herbert Smith Freehills on Thursday welcomed Cabinet’s approval of the new Mining Charter, as well as of the withdrawal of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, as proposed by Mineral Resources Minister Gwede Mantashe earlier this... 

Cabinet approves new Mining Charter 

By: Reuters     20th September 2018 The South African Cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday. Communications Minister Nomvula Mokonyane told reporters that more details about the charter... 

Government's economic stimulus package to be made public soon – Presidency

By: African News Agency      17th September 2018 The economic stimulus package adopted by cabinet will reprioritise government spending within the existing fiscal framework towards activities that will stimulate economic activity, the presidency said on Sunday. President Cyril Ramaphosa had "shared" with South Africa’s business and labour... 

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

Collaborative conversation between govt, stakeholders needed to drive mining industry transformation 

By: Simone Liedtke     11th September 2018 Turning around the fortunes of South Africa's mining industry will require greater collaboration between industry stakeholders, Department of Trade and Industry (DTI) director Yusuf Timol said on Tuesday. Speaking at a presentation hosted by the Mining Equipment Manufacturers of South Africa... 

Look out for Kwatani’s ‘Beast’, with sweetener

7th September 2018 Leading vibrating screen and feeder original equipment manufacturer Kwatani will be showcasing customised products big and small at this year’s Electra Mining Africa exhibition, with live demonstrations showing the value of its laboratory test screen. With a replica of the nose of its widest... 

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