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AfDB optimistic about Eskom’s turnaround prospects

By: Terence Creamer     Updated 2 hours 10 minutes ago The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News... 

Buybacks and bumper profits on the cards as mining giants report

By: Bloomberg     18th February 2019 A surge in iron-ore prices is fueling hopes for bigger returns and a share-buyback spree as the world’s top miners prepare to report results. BHP, Rio Tinto, Glencore and Anglo American are expected to announce bumper profits over the next two weeks. So far, the biggest producers have remained... 

Govt, industry collaboration needed to create thriving diamond industry – Ernie Blom

By: Simone Liedtke     15th February 2019 World Federation of Diamond Bourses president Ernie Blom has called on Mineral Resources Minister Gwede Mantashe, through an open letter, to put into practice what government has said regarding the development of the South African mining industry, in general, and to help “pave the road to... 

Mining Indaba strengthens continental approach, diamond exploration boosted, precious metals mining has new environmental stricture

By: Martin Creamer     15th February 2019 The Investing in African Mining Indaba has evolved over the last quarter century into an even that has promoted inclusive growth on the continent. A promising axis between South Africa and Ghana was enhanced when President Cyril Ramaphosa challenged mining to take ten value-adding steps to spread... 

Companies at Mining Indaba panic about 1 March 2019 deadline for Mining Charter implementation and compliance with the NEMA Financial Provision Regulations, says Alusani® Course Leader

By: Creamer Media Reporter      14th February 2019 Mining Charter The Mining Charter 2018 was a hot topic at the recently held Mining Indaba in Cape Town. With the proposed changes to BEE requirements which prescribes how mining companies are required to involve communities and women in their management and ownership structures, many companies... 

How the UK is using over 150 years of mining heritage to secure sustainable economic development in Africa for the next 150 years and beyond.

14th February 2019 On the 6th February 2019, Cape Town, South Africa, visitors to the biggest mining conference in Africa, Mining Indaba, were invited to an industry dialogue between key figures in mining, agriculture, finance and government, at a panel discussion hosted by the UK’s Department for International... 

Mining for coal still has a place in the power mix

12th February 2019 Wayne Lindecke, Director: Power Generation, WSP in Africa During the recent Investing in African Mining Indaba, concerns were noted on the impact that the move towards a ‘greener economy’ would have on coal mining – and, for base-load power production. However, coal mining and power production... 

Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge  

By: Martin Creamer     12th February 2019 Harmony Gold CEO Peter Steenkamp is rising to President Cyril Ramaphosa’s ten point mining challenge by striving to pay meaningful social dividends across a broad front and answering the call to beneficiate, which is no mean feat when it comes to gold. The executive head of the million-ounce-plus... 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Better techniques are making a big difference in drilling and blasting, says MAXAM

By: Kim Cloete     8th February 2019 Advanced technologies in mining explosives are making major inroads in the mining industry. This was highlighted by MAXAM, a global technological leader specialising in the design, development, manufacture and application of energetic solutions, at the Investing in African Mining Indaba, in Cape... 

On-The-Air (08/02/2019) 

By: Martin Creamer     8th February 2019 The Mining Indaba has become a budding United Nations of Africa that is singing off the same hymn sheet to build a better continent. De Beers stole the Mining Indaba show by announcing a R30-million investment in diamond exploration in South Africa. Gold mining companies that destroy Africa’s... 

Mining Indaba 2019 highlights 

8th February 2019 The 25th Investing in African Mining Indaba took place this week. Mining Weekly editor Martin Creamer attended the indaba and unpacks the highlights. 

Executives should take heed of risks, survey shows

By: Kim Cloete     8th February 2019 A recent survey has revealed that company executives are not adequately identifying and preparing for risks that could have potentially catastrophic implications on business operations, employees and society. The 2018 Global Operations Risk Survey of Corporate Leaders, was raised during a panel... 

Sort out Eskom or beneficiation will suffer, warns Mantashe

By: Kim Cloete     7th February 2019 Mineral Resources Minister Gwede Mantashe has expressed concern about progress in beneficiating minerals, while Eskom is still battling. “If we don’t sort out Eskom problems, we are going to be in trouble with beneficiation. There must be an arrangement for certain categories of customers for an... 

Transnet, Botswana Rail seek to unlock Botswana’s coal reserves

By: Nadine James     7th February 2019 State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated 212-billion tons of coal reserves, Transnet announced on Thursday. Discussions around this project... 

Solar Mining Services helps to boost the Mpumalanga economy 

By: Kim Cloete     7th February 2019 Solar Mining Services, a manufacturer and supplier of explosives, accessories and blasting services for the mining industry, has made strides in growing its business in South Africa. It has created more than 100 jobs and invested R500-million in South Africa since setting up in the country in... 

Zimbabwe lithium project wins the Mining Indaba’s Investment Battlefield competition 

By: Kim Cloete     7th February 2019 Junior mining company, Prospect Resources, has won the 2019 Mining Indaba Investment Battlefield for its lithium project located in Zimbabwe. Prospect Resources executive director Harry Greaves scooped the first prize at the Investing in African Mining Indaba, in Cape Town, after pitching the... 

Precious metal refiners face new LBMA environmental standard  

By: Martin Creamer     7th February 2019 The London Bullion Market Association (LBMA) has launched a new standard that addresses environmental as well as sustainability issues in gold and silver markets. To do that in a credible way, LBMA has been actively engaging with mining companies and producer nations. 

Transnet promises to ramp up efficiency 

By: Kim Cloete     6th February 2019 Transnet has promised to deal with corruption and step up efficiency around its operations, which have taken a heavy knock over the past few years. “Over the past ten years, we have injected capital of R42-billion into the network side. Yet the scale of the network is worse today than it was ten... 

Junior mining fund under discussion – Minerals Council 

By: Martin Creamer     6th February 2019 A government-initiated fund for prospectors and developers is under discussion with the Public Investment Corporation and the Industrial Development Corporation, Minerals Council South Africa emerging mining head Grant Mitchell said on Wednesday. Speaking at a media conference at the Investment... 

Ethiopia finalising mining industry reforms – minister

By: Reuters     6th February 2019 Ethiopia will finalise reforms for its underdeveloped mining and oil sectors within the next two months as it seeks to encourage more foreign investors, its mines and petroleum minister said on Tuesday. The country has already cut taxes for mining companies in recent years but the government... 

Minerals Council’s national platinum strategy targets real potential 

By: Martin Creamer     6th February 2019 Minerals Council South Africa on Wednesday launched a national platinum strategy, which aims at sustaining a million jobs and contributing R8.2-trillion to South Africa’s economy by 2050. Speaking at a media conference at Investing in African Mining Indaba on Wednesday, Minerals Council CEO Roger... 

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

Minerals Council welcomes President’s statements at Mining Indaba

By: Tasneem Bulbulia     6th February 2019 The Minerals Council South Africa has welcomed the statements made by President Cyril Ramaphosa during his address at the Investing in African Mining Indaba, in Cape Town, on Tuesday. The Minerals Council said the President had, throughout his address, echoed the sentiments expressed by Mineral... 

De Beers to spend R30m on diamond exploration this year  

By: Martin Creamer     6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... 

Obuasi mine to be an engine of growth for AngloGold, says CEO

By: Kim Cloete     6th February 2019 AngloGold Ashanti CEO Kelvin Dushnisky is very upbeat about developing its Obuasi gold mine, in Ghana, and has described it as being "in a class of its own on a number of metrics".  “It will be an engine of growth for this company. You need big, chunky engines of growth which, year after year,... 

Sanedi ready to support the mining industry in energy efficiency

By: Kim Cloete     6th February 2019 The mining sector has been encouraged to use more renewable energy and tighten up on energy efficiency, with the support of the South African National Energy Development Institute (Sanedi). Energy Minister Jeff Radebe said the mining industry would need innovative and novel solutions to reduce... 

Ramaphosa challenges mining to take ten value-adding steps   

By: Martin Creamer     5th February 2019 President Cyril Ramaphosa on Tuesday challenged the mining industry to take ten value-adding steps to hoist the industry into a potent new orbit across the entire continent. Addressing the Investing in African Mining Indaba, the president said he wished to issue a challenge against the background... 

SA mining is a sunrise industry – Ramaphosa 

By: African News Agency      5th February 2019 President Cyril Ramaphosa said on Tuesday that the mining industry in South Africa is not a sunset industry, rather it is a sunrise industry.  Speaking on the second day on the 25th annual Investing in African Mining Indaba in Cape Town, Ramaphosa said government recognised the important role... 

Industry ready to improve CSI programmes in mining communities

By: African News Agency      5th February 2019 The Minerals Council South Africa said on Tuesday it was working to improve relationships between mines and communities, and to improve the developmental outcomes of companies' corporate social investment programmes. Minerals Council senior executive for public affairs and transformation, Tebello... 

Corruption over the past years crippled mining sector – Minerals Council

By: African News Agency      5th February 2019 The damage that was done to South Africa's economy over the past nine years before Cyril Ramaphosa became President has had huge impact on the investability of the mining sector, Minerals Council of South Africa CEO Roger Baxter said on Tuesday. "A year ago we arrived in Cape Town for the 2018... 

Barrick’s Bristow calls for a mindset change in the gold industry  

By: Kim Cloete     5th February 2019 Mark Bristow, the president and CEO of gold producer Barrick Gold has accused mining companies, investors and host countries of succumbing to the desire of instant gratification and for not investing deeply in the industry. He called for a mindset change in an industry that has been plagued with... 

Time to make Africa prosperous – Ghana President   

By: Martin Creamer     5th February 2019 It is time for Africa to make itself and its people prosperous by making use of mineral resources and modern technology to create a new world shorn of greed and cupidity, Ghana President Nana Akufo-Addo said on Tuesday. In an opening address on the second day of the Investing in African Mining... 

Expect some tough announcements on Eskom soon – Davies 

By: News24Wire      5th February 2019 Eskom is in deep trouble financially and operationally and South Africa is facing enormous challenges in the electricity industry, Minister of Trade and Industry Rob Davies said on Tuesday. Davies was a guest speaker at a round table discussion hosted by the Department of Trade and Industry on... 

Mantashe to investors: Don't listen to doomsayers, invest in SA

By: News24Wire      5th February 2019 Investors must be shown that there are opportunities to make money and that is what we offer them in the South African mining industry, Minister of Mineral Resources Gwede Mantashe said on Tuesday. He was one of the guest speakers at a roundtable hosted by the Department of Trade and Industry... 

Ford engages the mining sector on the road to more EVs

By: Kim Cloete     5th February 2019 Ford is quickening its pace towards the mass production of electric vehicles (EVs) and researching how the mining industry can help it to achieve its goals. “There are tremendous investments taking place at every level to achieve this radical revolution in the automotive industry,” Ford energy... 

Partnerships central to the Investing in African Mining Indaba

By: Kim Cloete     4th February 2019 Mutually beneficial partnerships are at the heart of the Investing in African Mining Indaba, in Cape Town, this year, which has grown from a conference attended by a few hundred attendees to around 4 000 in its twenty-fifth anniversary year this year. “The mining industry is in a position to make... 

South32’s South Africa Energy Coal expresses concern about Eskom’s fragile state 

By: Kim Cloete     4th February 2019 Mining and metals company South32 says it is concerned about the challenges that have increasingly threatened the stability of South African power utility Eskom and needs to ensure the continuity of supply of its coal to Eskom in the long run. South32’s South Africa Energy Coal (SAEC) company... 

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