Global Mining News in real time

Carbon tax postponed to 2016 

By: Natalie Greve In a move likely to invite criticism from environmental tax proponents, Finance Minister Pravin Gordhan announced to Parliament on Wednesday that, while a “package” of measures – including a carbon tax – was required to address climate change and reduce carbon emissions, the implementation of... 

SA pushing ahead with carbon-capture plans despite global headwinds 

By: Terence Creamer South Africa has indicated that it will continue to explore whether carbon capture and storage (CCS) can play a meaningful role in helping it to reduce the country’s carbon footprint notwithstanding limited progress in international climate negotiations and carbon pricing, as well as Norway’s... 

Coal for Eskom now top priority – Coal Roadmap 

By: Martin Creamer Securing coal for Eskom was now the number-one priority, South African Coal Roadmap chairperson Ian Hall said on Tuesday. Addressing the twelfth Coaltrans Southern Africa coal conference at Sun City, the Anglo American Thermal Coal Projects GM said Eskom needed 60-million tons a year of new-mine... 

Initiative to follow 2012 energy and GHG emissions reduction closely

The governance team for the Mining Association of Canada’s (MAC’s) initiative, Towards Sustainable Mining (TSM), has made performance improvement for energy use and greenhouse gas (GHG) emissions management a top priority for 2012. 

SA supports carbon capture technology but costs a concern 

By: Brindaveni Naidoo South Africa was fully committed to carbon capture and storage (CCS) technology, but the cost of CCS remained "prohibitively high" for developing countries like South Africa, which have a myriad of socioeconomic challenges to deal with, Energy Minister Dipuo Peters said on Thursday. The Minister... 

18/11/2011 (On-The-Air)

By: Martin Creamer The gun that Chile is holding at the head of Anglo American is putting South African investors at risk; The Northern Cape has been chosen as the place to set a new world land speed record; and COP 17 climate conference. 

Carbon tax will inflate mining sector’s tax bill by far less than estimated R26bn – consultant

By: Megan van Wyngaardt Climate change management consultancy Promethium has queried the impending carbon tax’s estimated cost to the mining sector. 

SA moves to finalise carbon tax this year, despite global loose ends 

By: Terence Creamer South Africa will seek to finalise its carbon tax policy by mid-year and may announce its implementation during the 2012 Budget, despite the absence of a global carbon price or a binding international agreement to deal with the climate change threat. However, National Treasury officials have... 

Coal use expected to increase by 2030, despite CO2 limitations

By: Tracy Hancock South Africa’s integrated resource plan (IRP, or the IRP 2010) presents a revised balanced scenario that proposes that, by 2030, South Africa’s generation mix in installed GW should be made up of 48% coal, 14% nuclear, 16% renewable energy and 9% peaking open cycle gas turbine. However, the... 

Climate change 'possibly our biggest distraction’ – Wits prof 

By: Martin Creamer Climate change is possibly the world’s biggest distraction but it is not its biggest and most immediate challenge, says Professor Grant Cawthorn. Cawthorn, Wits University’s School of Geosciences Platinum Industry Igneous Petrology professor, contends that the lack of fresh water will have a... 

Energy-intensive firms team up to make carbon tax input 

By: Terence Creamer Energy-intensive companies, including miners, operating in South Africa have established an ‘Industry Task Team on Climate Change’, or ITTCC, to prepare a formal response to the National Treasury’s ‘Carbon Tax Discussion Paper’, which was released for public comment on December 13, 2010 –... 

Lack of planning by govt departments jeopardising opportunities to create mining jobs – SRK chairperson

By: Jonathan Faurie Chairperson of diversified consulting enginners and scientists firm SRK Consulting Roger Dixon reports that opportunities for mining projects to create and sustain jobs are being jeopardised by a lack of necessary planning by key government departments, and the clashing of policies that prevent... 

24/09/2010 (On-The-Air)

By: Martin Creamer This week: government gives the world's biggest mining company permission to search for oil and gas off South Africa's West Coast; petroleum giant Shell is confident of finding shale gas on South Africa's arid Karoo; and South Africa's big project, Mafutha petroleum refinery, is stalling on... 

Sasol decelerates CTL project pending carbon capture, refinery clarity 

By: Terence Creamer Sasol CEO Pat Davies on its coal-to-liquids projects in China and South Africa, and its gas-to-liquids plan for Uzbekistan. 

What will Gulf of Mexico spill mean for Canada's oil sands? 

By: Liezel Hill From finger-pointing at the Copenhagen climate summit to a flurry of new project approvals, 2010 started with a bang for the Canadian oil sands industry. Fast forward six months later, and the question on the lips of investors and pundits alike is: What implications will the BP oil spill in the... 

Explosives firm signs up to carbon footprint reduction initiative

By: Megan van Wyngaardt Blasting solutions company AEL Mining Services has committed itself to an initiative to reduce the group’s carbon footprint at its operations. 

McCloskey bullish on coal as Asian demand remains strong

By: Jade Davenport Coal prices were expected to be robust this year with the contract price of coking coal being sustained at $200/t and steam coal sustained at $100/t, McCloskey Group chairperson Gerard McCloskey said on Wednesday. He told delegates at a conference in Cape Town that coking coal contract prices... 

SA coal industry urged to develop emission mitigation strategy 

By: Christy van der Merwe Role players in the South African coal sector should work together to form an industry greenhouse gas (GHG) emission mitigation strategy, as this would be a more cost effective approach, said Imbewu sustainability legal specialists associate Marie Parramon. Speaking at the Fossil Fuel... 

Real Economy Report

This is the Real Economy Report. Our top stories this week: the Regulator is confident that renewable energy targets can be met; the developed world wants commitments from South Africa at Copenhagen; and, we highlight the issue of acid mine drainage. 

Institute outlines role of coal in meeting global 
energy demands

The World Coal Institute (WCI) has put together a series of climate policy papers outlining the role that coal plays in meeting global energy demand. 

Real Economy Report

This is the Real Economy Report. Our top stories this week: Eskom's CEO talks about plans to reduce the power utility's carbon footprint; we look at Denel's strategy for the next five years; and Neil Pretorius, the CEO of DRDGold, talks about the mining company's fourth quarter performance.  

Company Announcement: A2009 Event Highlights Value Of Business Analytics

Attached please find a press release on: Hundreds of data analysts from around the world will gather in Copenhagen to discuss best practices that can change how organisations use their most important asset: data. SAS, the leader in business analytics, will host its inaugural A2009 Analytics... 

Real Economy Report

This is the Real Economy Report. Our top stories this week: we take a look at a new South African flight simulator; we speak to a wind turbine manufacturer about a possible South African wind energy industry; and we speak with the head of ArcelorMittal South Africa about prospects for steel in... 

Real Economy Report

By: Creamer Media Reporter This is the Real Economy Report. Our top stories this week: there seems to be no fundamental reason for platinum's collapse, the South African business community begins to show that it is taking the threat of climate change and carbon-intensity more seriously, and the DBSA's Infrastructure... 

Explorer aims to raise R140m for Salt River base minerals, precious metals project

By: Irma Venter Resources explorer Thabex aims to raise R140-million to complete the bankable feasibility study of its Salt River base minerals and precious metals project, in the Northern Cape. This funding includes installation of a modular pilot plant. 

Consulting engineering trends in a changing environment

It is not just in South Africa that consulting engineers are experiencing drastic changes.? 


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