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Mining regulation changes in sub-Saharan Africa will continue to fuel uncertainty – BMI

By: Simone Liedtke     16th April 2018 Changes to the mining regulations in various markets across sub-Saharan Africa will continue to fuel uncertainty among investors and pose downside risks to forecasts in the region, says market researcher BMI Research. Internal political and economic considerations, as well as a more favourable... 

Afreximbank, ECIC Sign MOU, Pledge $1bn to Expand Trade Between South Africa and Other African Nations

     16th April 2018 Afreximbank President Dr. Benedict Oramah (right) and Kutoane Kutoane, Chief Executive Officer of ECIC of South Africa, exchange documents following the signing of the MOU in Cairo. The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC)... 

DMR welcomes mineral production increase

By: Simone Liedtke     13th April 2018 The Department of Mineral Resources (DMR) on Friday welcomed the year-on-year increase in mineral production in February, on the back of higher commodity prices.  Data released by Statistics South Africa on Thursday shows that mineral production increased by 3.1% year-on-year, with diamonds,... 

EY launches new team in Natural Resources segment

By: Nadine James     13th April 2018 Assurance and advisory firm EY in Africa, has incorporated a new Transaction Advisory Services (TAS) technical team into its Natural Resources segment. The team includes a century’s worth of combined mining and oil and gas expertise and combines “deep sector expertise and economic competence” to... 

South Africa mining production up 3.1% in February

By: Anine Kilian     12th April 2018 South Africa’s mining production increased by 3.1% year-on-year in February, bolstered by a strong contribution from diamonds and iron-ore, according to the latest figures published by Statistics South Africa (Stats SA) on Wednesday. The February production growth, which exceeded consensus... 

Macua, Wamua reject DMR’s ‘sham’ community consultation process

By: Marleny Arnoldi     11th April 2018 Community organisation Mining Affected Communities United in Action (Macua) on Wednesday said it rejected Mineral Resources Minister Gwede Mantashe’s “sham” community consultation process.  

Mining in sub-Saharan Africa region to remain riskiest globally – BMI

By: Simone Liedtke     11th April 2018 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the coming quarters as regulatory uncertainty rises in various markets across the region, says BMI Research. In addition to increasing regulatory uncertainty, the region will also witness challenges stemming from... 

Vision 2030 mining growth strategy under development ­– ­DMR

By: Martin Creamer     10th April 2018 A Vision 2030 for the mining industry, and a strategy for growth and competitiveness of the sector, are topics under development, the Department of Mineral Resources (DMR) said on Tuesday, when efforts to finalise and gazette the Mining Charter also intensified. In announcing that Mineral... 

PGMs industry sees crisis, Mantashe sees new dawn

By: Marleny Arnoldi     10th April 2018 Mineral Resources Minister Gwede Mantashe on Tuesday described the mining industry as one that is in self-doubt, believing that it is about to die, where suspicion and mistrust is at a high level. “I fail to understand why platinum is in a crisis,” he said, adding that mining stakeholders need to... 

Mantashe to engage further on 'once empowered, always empowered' ruling

By: African News Agency      10th April 2018 South African Mineral Resources Minister Gwede Mantashe on Tuesday said that his department would be engaging further with the mining industry about the contested "once empowered, always empowered" ruling. Last week, the North Gauteng High Court granted a declaratory order on the "once empowered... 

Court rules on the ‘once empowered, always empowered’ principle

     9th April 2018 On 4 April 2018, the High Court of South Africa (Gauteng Division, Pretoria) handed down its judgement in the matter between the Chamber of Mines of South Africa v Minister of Mineral Resources and Director-General, Department of Mineral Resources [case no.41661/2015], regarding the ‘once... 

Court ruling on ‘once empowered, always empowered’ principle brings certainty to the mining industry

By: Simone Liedtke     6th April 2018 The High Court’s judgment earlier this week in support of the ‘once empowered, always empowered’ principle will provide clarity for the mining industry, which will contribute to greater investor confidence, says law firm Webber Wentzel. The High Court on Wednesday ruled that mining right holders... 

Strong rand eroding South African gold mines’ margins 

By: Natasha Odendaal     6th April 2018 While the strengthening of South Africa’s rand against the dollar in recent months has been widely welcomed by many, it has somewhat dampened the outlook for exporters and mining firms reliant on a weakened currency to widen margins. For South Africa’s gold mining industry, the resultant decline... 

Strong rand eroding South African gold mines’ margins 

By: Natasha Odendaal     6th April 2018 While the strengthening of South Africa’s rand to the dollar in recent months has been widely welcomed by many, it has somewhat dampened the outlook for exporters and mining firms reliant on a weakened currency to widen margins. For South Africa’s gold industry, the subsequent decline in the... 

Solidarity welcomes High Court’s ruling on ‘once empowered, always empowered’ principle

By: Marleny Arnoldi     5th April 2018 Trade union Solidarity has welcomed the Johannesburg High Court’s ruling on the “once empowered, always empowered” principle in mining, ensuring that black economic empowerment (BEE) statuses remain unchanged even if black owners sell their shares, and historical empowerment transactions will... 

South African court backs 'once empowered, always empowered' principle

By: Reuters     4th April 2018 The South African High Court ruled in favour of the 'once empowered, always empowered' principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm. Uncertainty around the Mining Charter and ownership levels have... 

CHARTER BARTER

By: Martin Creamer     30th March 2018 CHARTER BARTER: Newly Mineral Resources Minister Gwede Mantashe, in his first media conference last week, emphasised that government would not begin developing the new Mining Charter from scratch, despite criticism from various organisations. He said that Mining Charter 3 would be the basis of... 

Bewilderment as retention of some Mining Charter III tenets surprises on the downside

By: Martin Creamer     30th March 2018 Confidence that a competitive new Mining Charter will replace the unworkable Mining Charter III is still present in some of the highest echelons of the corporate mining world, despite new Minerals Minister Gwede Mantashe saying that not all of the charter’s generally errant and unworkable third... 

Mining Charter, sustainability and coal make this week's headlines 

     23rd March 2018 This week, ARM's Patrice Motsepe predicts a successful charter and land outcomes; Anglo commits to ambitious sustainability strategy and Exxaro’s Coal, rapid loadout projects are under construction. Mining Weekly editor Martin Creamer unpacks the headlines. 

Concerted effort needed to combat South Africa’s illegal mining scourge

By: Dylan Slater     23rd March 2018 A multipronged approach involving both the mining industry and government is required to better deal with illegal mining in South Africa, where bloody skirmishes pitting rival gangs profiting from this illicit pursuit and the illegal mineworkers themselves are a frequent occurrence, with police... 

Mining Charter must ensure radical transformation, inclusive growth

By: Marleny Arnoldi     23rd March 2018 In light of the Mining Charter III currently under review by the Department of Mineral Resources (DMR) and various stakeholders including mining houses, Siyakhula Sonke Empowerment Corporation Advisory (SSC Advisory) believes an ideal outcome would be for the charter to focus on radical... 

Chilean mining policy championed for South Africa

     23rd March 2018 Chile, the world’s leading copper producer, serves as a good example of mining policy for South Africa to emulate, postulates research and policy organisation the South African Institute of Race Relations (IRR).  

Advisory firm recommends inclusive economic growth to facilitate transformation

By: Marleny Arnoldi     23rd March 2018 International investment in the South African mining industry remains a key factor in the development of the country’s mineral resources. Consequently, one of the challenges in the proposed amendments to the mining charter scorecard relates to the ownership structures and the limited capacity of... 

Concerted effort needed to combat South Africa’s illegal mining scourge

By: Dylan Slater     23rd March 2018 Illegal mining in South Africa requires a multi-pronged approach from both the mining industry and the government in an effort to better manage the situation. The violent gang-led tendencies of illegal mining in South Africa spills to the surface through inter-gang rivalry erupting in bloody... 

Mantashe not intent on scrapping Mining Charter 3

By: Anine Kilian     20th March 2018 Mineral Resources Minister Gwede Mantashe on Tuesday stressed the importance of tackling key aspects of the third iteration of the Mining Charter (Mining Charter 3) with urgency and speed. Addressing media at a press briefing, in Pretoria, he said government was not going to start the Mining... 

In-principle agreement reached on some changes to Mining Charter 3 – Solidarity

By: Anine Kilian     19th March 2018 In-principle agreements have already been reached regarding certain changes to the third iteration of the Mining Charter, or Mining Charter 3, during negotiations held over the weekend, says trade union Solidarity. Mineral Resources Minister Gwede Mantashe and his deputy Godfrey Oliphant met with... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

Stringent regulations may impede coal industry growth

By: Donald Makhafola     16th March 2018 While key challenges facing the coal mining industry make the future of coal in South Africa uncertain, when considering the weight of coal in South Africa's energy mix, the coal mining industry is likely to remain an important one, says credit insurer Coface group economist Ruben Nizard. South... 

Coal remains a main source of energy in Africa

By: Donald Makhafola     16th March 2018 Coal will maintain its status as a robust, baseload energy source for the foreseeable future in Africa,  says South Africa-based diversified resources company Exxaro coal operations executive head Dr Nombasa Tsengwa, who tells Mining Weekly that coal is cheap and that more than 1 600 coal-fired... 

Lawyer hails Mantashe appointment, govt resolve to cooperate with mining

By: Nadine James     16th March 2018 Recent political changes, not least the appointment of Gwede Mantashe as Mineral Resources Minister, combined with the Ramaphosa administration’s seeming resolve to collaborate with industry, particularly the Chamber of Mines (CoM), have resulted in a “cautious optimism” for mining stakeholders,... 

Oliphant talks up Mantashe's mining pedigree in Toronto

By: Henry Lazenby     15th March 2018 South Africa's Deputy Mineral Resources Minister Godfrey Oliphant talked up the mining pedigree of newly installed Minister Gwede Mantashe during the recent Prospectors and Developers Association of Canada's annual convention, held in Toronto. "His previous mining experience is an advantage for... 

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Anglo American renews shipping contract with Vuka Marine

By: Megan van Wyngaardt     8th March 2018 Global miner Anglo American has renewed its various full-time ocean freight contracts with local maritime company Vuka Marine. Under these freight contracts, Anglo American will transport bulk iron-ore and coal products, primarily from the Saldanha Bay port to its customers around the world. 

South Africa's future 'just got a lot more positive', Anglo American CEO says

By: Reuters     7th March 2018 South Africa's future is looking "a lot more positive" since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month, Anglo American's Chief Executive Mark Cutifani said on Wednesday. Mining companies and South Africa's government have been at loggerheads for years over... 

Kazakh miner ERG revives sale of Congo copper mine – sources

By: Reuters     7th March 2018 Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400-million, two banking sources said. The company, which is working with VTB Capital and Rothschild to spin off... 

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

A proposal to the President – A six-point plan

     2nd March 2018 South Africa’s minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting and new local and foreign investment, these resources will not be developed for... 

Ramaphosa integral to mining’s fresh start – lawyer

By: Nadine James     2nd March 2018 There is an urgent need for a fresh start in mining to secure a new deal for the sector, says auditing and advisory firm BDO South Africa’s Africa desk leader Owen Murphy, suggesting that newly elected South African President Cyril Ramaphosa could be integral to this new start. The local mining... 

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