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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... 

CEO Initiative to support government’s investor outreach at October summit

By: Terence Creamer     18th September 2018 The CEO Initiative is putting its weight behind President Cyril Ramaphosa’s plans for increasing levels of investment and stimulating growth in the recession-afflicted South African economy. The CEO Initiative draws in business leaders from various sectors and rose to prominence during Pravin... 

Seriti’s Teke awarded Brigadier Stokes Memorial Award

By: Marleny Arnoldi     21st August 2018 The Southern African Institute of Mining and Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and his leadership role in society. The platinum medal presented to Teke last week by Seriti’s... 

Anglo completes sale of New Largo to Seriti

By: Simone Liedtke     1st August 2018 Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation. The cash... 

Seriti Resources interested in Optimum Coal as it looks to export

By: Reuters     6th June 2018 South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. Bidding for Optimum Coal would pit Seriti, which has ambitions to become a black-owned mining champion, with bigger... 

Chamber rebrand as Minerals Council South Africa establishes valuable ‘reboot’ opportunity for South Africa’s most important industry

By: Martin Creamer     1st June 2018 The introduction of the Minerals Council South Africa provides the struggling South African mining industry with a chance to establish an important new beginning. Proper leadership has the potential to set South Africa on an upward course under the growing realisation that if the country... 

Junior miners set to capitalise on ‘new dawn’

By: Donald Makhafola     25th May 2018 There is a mood of optimism sweeping across the country following the election of Cyril Ramaphosa as the President of South Africa and the appointment of Gwede Mantashe as the Minister of Mineral Resources, with the junior mining sector hoping to capitalise on this through proactive initiatives... 

Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti

By: Anine Kilian     1st March 2018 Anglo American has completed the sale of its Eskom-tied thermal coal operations to broad-based, majority black-owned and -controlled South African mining company Seriti Resources, which is led by CEO Mike Teke, for R2.3-billion. The acquisition includes the New Vaal, New Denmark and Kriel mines,... 

Alan Waller

By: Martin Creamer     9th February 2018 This week Mining Weekly features Alan Waller, CEO of the Richards Bay Coal Terminal, which loaded a record 76.47-million tonnes of seaborne coal in the 2017 calandar year. 

2018 presents best prospects in a decade for African mining – Standard Bank

By: Anine Kilian     6th February 2018 Sustained commodity price growth and reduced costs are likely to present Africa’s mining sector with the best prospects in over a decade. “The centrality of mining to the development of the continent means that 2018 is likely to be a watershed year in Africa’s ongoing growth story,” Standard Bank... 

Mining Journalism Training for Journalists

5th September 2017 Mining experts and senior journalists lectured for mining journalism Menar Academy Menar invests in being controlling and managing shareholder in private and listed companies and allocates capital to selected projects and companies actively involved in mining and resources. As a new generation... 

Seriti coal deal edging forward positively – Anglo

By: Martin Creamer     27th July 2017 The sale by Anglo American of its Eskom-tied coal mines to the black-owned Seriti start-up is edging forward positively, new Anglo American new financial director Stephen Pearce said on Thursday. Anglo has signed a binding sale and purchase agreement with Seriti in a transaction that has been... 

Platinum drop fires social unrest as villagers turn on mines

By: Bloomberg     13th June 2017 More platinum wealth lies beneath South African soil than anywhere else on Earth, and for decades the companies that extracted the precious metal promised to help improve the lives of the impoverished people who live above their mines. Those communities are getting tired of waiting.... 

Chamber looks forward to years when platinum Mandela coin gains pre-eminence 

By: Martin Creamer     30th May 2017 The Chamber of Mines of South Africa is looking forward to the years when a platinum Mandela coin gains pre-eminence globally, emulating South Africa’s great success with gold coinage. This month’s launch by the UK’s Royal Mint of its first-ever platinum bullion products has rekindled hopes that... 

Zambezi Protocol to serve as guide for identity-changing chamber 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

On-The-Air (21/04/2017) 

By: Martin Creamer     21st April 2017 A new gold project being fast-tracked following the successful raising of capital in London and Johannesburg; A new aspirant mining champion has stepped up to the plate with a R2.3-billion debut deal and Money is being raised to revive a once thriving copper-mining area in the Northern Cape. 

Unions back Seriti's purchase of Anglo coal mines

By: Martin Creamer     11th April 2017 Two labour unions on Tuesday publicly backed the sale by Anglo American of coal assets to Seriti, the new black-owned start-up with aspirations to be South Africa’s next mining champion. Both the National Union of Mineworkers (NUM) and the Solidarity union put out statements welcoming the... 

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag 

By: Martin Creamer     10th April 2017 A new aspirant South African mining champion on Monday announced its intention to purchase Anglo American’s Eskom-tied domestic thermal coal operations in South Africa, which would position the majority black-owned start-up as the potential second-largest provider of coal to the State electricity... 

Anglo sells coal mines to Mike Teke’s Seriti

By: Martin Creamer     10th April 2017 Diversified mining company Anglo American on Monday announced the sale of its Eskom-tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings, a company majority owned by historically disadvantaged South Africans and led by a management team... 

Masimong said to lead bid for Anglo's South African coal mines

By: Bloomberg     30th March 2017 Masimong Minerals has emerged as the favourite to win an auction for some of Anglo American’s South African coal mines, according to two people familiar with the matter. Led by South African Chamber of Mines President Mike Teke, Masimong has edged ahead of Phembani Group, the other shortlisted... 

Anglo's South African coal bidders said to consider listings

By: Bloomberg     15th March 2017 The two main bidders for Anglo American’s South African coal mines plan to list their companies if they are successful in buying the operations, according to three people familiar with the plans. Phembani Group, founded by MTN Group chairperson Phuthuma Nhleko, and Masimong Minerals are seen as... 

Mining setting out to spread its benefits to maximum number of people

By: Martin Creamer     24th February 2017 There are many initiatives on the go at the moment that show the willingness of the mining sector to spread its benefits as far and as wide as possible for the benefit of a maximum number of people – and to hurt as few as possible Many mining visions are being enunciated to goad mining towards... 

Mining won’t be bullied into submission – Froneman 

By: Martin Creamer     7th February 2017 South Africa’s mining industry will not be bullied and beaten into submission and all stakeholders have a role to play to improve the South African situation, Chamber of Mines (CoM) VP and Sibanye Gold CEO Neal Froneman said on Tuesday. Speaking assertively at the Investing in African Mining... 

Chamber calls on mining to renounce its apartheid past

By: Martin Creamer     6th February 2017 Mining is the foundation of the South African economy. Much of the manufacturing and services sectors exist because they were initiated to service and provide inputs to the mining industry since the second half of the 19th century. However, mining was also one of the foundation stones of South... 

Minerals Minister urged to make new legislative start

By: Martin Creamer     5th February 2017 South Africa’s Minerals Minister Mosebenzi Zwane has been urged to withdraw the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill and to make a new legislative start that embraces the African Mining Vision and the Chilean model. Speaking at a media conference ahead of the... 

RBCT targeting export of 77Mt of coal in 2017 

By: Martin Creamer     31st January 2017 The export target of Richards Bay Coal Terminal (RBCT) for 2017 is 77-million tonnes, which has been set against the backdrop of the terminal hitting an all-time monthly export record of eight-million tonnes in November. In 2015, RBCT exported a record 75.4-million tonnes of coal but fell back to... 

Anglo confident of ‘favourable outcome’ with Eskom on sale of three tied coal mines  

By: Terence Creamer     25th January 2017 Mining group Anglo American says it has held discussions with and continues to engage with Eskom, government and potential bidders on its plan to exit its Eskom-tied mines – Kriel, New Denmark and New Vaal. Responding to Eskom interim CEO Matshela Koko’s insistence that Eskom had assets at the... 

Mine safety a casualty of too many distractions, say unions as 2016 statistics show marginal improvement

By: Natasha Odendaal     19th January 2017 South Africa’s mining stakeholders need to “go back to the drawing board” and refocus efforts on bringing down the number of fatalities in the sector, trade union Solidarity's deputy general secretary for occupational health and safety and sustainable development Advocate Paul Mardon said, as a... 

Anglo shortlists bidders for some South African coal mines

By: Bloomberg     19th January 2017 Anglo American has shortlisted groups led by some of South Africa’s most prominent black businessmen as bidders for several of its South African coal mines as it focuses on diamonds, platinum and copper, two people familiar with the discussions said. Groups selected by Anglo include companies led... 

Investor confidence ‘concerning’, key to industry growth

By: Aarifah Nosarka     23rd September 2016 The South African mining sector needs policies that recognise the type of investment that mining demands and which reduce the risks related to investing in long-term projects to encourage investment in the sector, says Chamber of Mines (CoM) CEO Roger Baxter. He tells Mining Weekly that the... 

Women making inroads in mining, but more needs to be done – Teke

By: Ilan Solomons     23rd September 2016 In transforming South African society, the mining sector is continually challenged to deliver on its transformation objectives and particularly that of the empowerment of women in the industry, which is of critical importance in achieving this goal, Chamber of Mines of South Africa president Mike... 

Chamber president reiterates commitment to zero harm

By: Dylan Slater     16th September 2016 Continual focus by all parties on mine health and safety was highlighted as key by the Chamber of Mines (CoM) during the MineSAFE 2016 conference on September 1.  

Empowerment of women in mining crucial to transforming society broadly – Teke

By: Ilan Solomons     14th September 2016 In transforming South African society, the mining sector is continually challenged to deliver on its transformation objectives and particularly that of the empowerment of women in the industry, which is of critical importance in achieving this goal, Chamber of Mines of South Africa president Mike... 

Minister calls on mines to take ‘extraordinary measures’ to prevent fatalities

By: Ilan Solomons     29th July 2016 Mineral Resources Minister Mosebenzi Zwane has lamented the sharp rise in mining-related fatalities this year and called for “extraordinary measures” to be taken to prevent further fatalities occurring in the sector. Speaking at a health and safety Imbizo at diversified miner Sibanye Gold's... 

Zwane decries sharp increase in mine fatalities

By: Ilan Solomons     15th July 2016 Mineral Resources Minister Mosebenzi Zwane on Friday lamented the sharp rise in mining-related fatalities this year and called for “extraordinary measures” to be taken to prevent further fatalities occurring in the sector. Speaking at a health and safety Imbizo at diversified miner Sibanye Gold's... 

Re-elected CoM president rejects ‘sunset industry’ tag for SA mining

By: Ilan Solomons     27th May 2016 South African mining is certainly not a sunset industry. The country’s 130-year-old gold mining sector for instance has huge potential for the future with the promising research and development into new mining methods, which itself can spawn a new set of industries, as it did 100 years ago. This... 

CoM reveals half of mining companies are lossmaking; re-elects Teke as president

By: Ilan Solomons     18th May 2016 Chamber of Mines (CoM) CEO Roger Baxter on Wednesday said the chamber’s members had experienced progressively weakening commodity prices, rapidly rising costs, falling productivity and some regulatory issues that challenged their ability to sustain operations and to maintain employment levels.... 

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