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Topic

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... 

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... 

Life After Coal continues fight against coal-fired IPP projects

By: Marleny Arnoldi     20th September 2018 The Life After Coal Campaign contends that two proposed independent power producer (IPP) coal-fired power stations will never be built. The organisation is opposed to the construction of the proposed 557 MW Thabametsi project, near Lephalale, in Limpopo, and the proposed 306 MW Khanyisa project... 

CNN-flighted advert projecting huge growth for platinum-using fuel cells

By: Martin Creamer     18th September 2018 French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the... 

US gives rare earths reprieve in revised $200bn China tariff list

By: Reuters     18th September 2018 The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200-billion of Chinese goods, underscoring its reliance on China for the strategic minerals. China is the world's largest producer of rare earths and... 

PIC foresees great opportunity in investing in early stage tech-driven companies

By: Kim Cloete     14th September 2018 The Public Investment Corporation (PIC) has outlined its vision for its recently launched R2-billion fund aimed at early-stage tech-driven companies. PIC executive head of research Sholto Dolamo told a Frost & Sullivan CEO Think Tank, in Cape Town, that the PIC was venturing beyond its... 

New Century brings new life to former Queensland mine

By: Mariaan Webb     14th September 2018 Praise is pouring in for New Century Resources’ zinc tailings project at a former mine site north-west of Mount Isa, Queensland, with Mines Minister Anthony Lynham declaring it an “exciting new approach” and Queensland Resources Council CEO Ian Macfarlane labelling the project “ingenious”. The... 

Growing demand for synthetics not a threat to natural diamonds

By: Nadine James     14th September 2018 Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky. While the laboratory-grown diamond jewellery market is forecast to grow to about... 

Growing demand for synthetics not a threat to natural diamonds

By: Nadine James     14th September 2018 Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky. While the laboratory-grown diamond jewellery market is forecast to grow to about... 

Tanzanian integrity pledge regulations lack clarity, cause uncertainty – law firm

By: Marleny Arnoldi     12th September 2018 Multinational law firm Herbert Smith Freehills (HSF) has raised concerns around Tanzania’s new integrity pledge for mining companies, questioning whether it meets international best practice. Since July 2017, the Tanzanian government has introduced significant regulatory reforms to the mining... 

Further Australian LNG projects needed to keep prices in check

By: Esmarie Swanepoel     12th September 2018 New Australian liquefied natural gas (LNG) supplies will have to come on line by 2028 in order to forestall a shortage, advisory firm Wood Mackenzie (WoodMac) has forecast. “The Queensland LNG export projects have shattered the east coast’s ‘cheap gas forever’ mentality,” WoodMac director for... 

Tahoe aims to work 'in good faith' to restart Guatemala mine 

By: Reuters     10th September 2018 Tahoe Resources will work closely with Guatemalan officials and locals to resolve a dispute and resume operations at its flagship Escobal silver mine, one of the world's largest, CEO Jim Voorhees said on Monday. Guatemala's Constitutional Court last week upheld the suspension of licenses at... 

Red 5 enters into gold loan facility

By: Esmarie Swanepoel     7th September 2018 Gold miner Red 5 has entered into a gold loan facility of 5 015 oz with Malaysia-based investment fund Asian Investment Management Services. The gold will be made available in one tranche, with the facility to have a term of 12 months, and will be secured by a security interest in Red 5’s... 

Viceroy says it's shorting Canadian miner Pretium Resources

By: Bloomberg     6th September 2018 Viceroy Research said it’s shorting Pretium Resources, arguing the company has artificially inflated the value of its Canadian gold mine, which risks being taken over by creditors in coming months. The New York-based short seller – which rose to prominence last year with research into financial... 

Coal-transition support should aid workers and communities, not Eskom – report

By: Terence Creamer     6th September 2018 A new report into South Africa’s coal sector argues that any subsidies set aside for the country’s “inevitable” transition away from coal in electricity production should be tailored to protect workers, their dependants and communities, rather than Eskom, or the coal sector as a whole. Published... 

Northern Territory’s 5-point plan to build a gas industry

By: Esmarie Swanepoel     6th September 2018 The Northern Territory government has revealed a five-point gas strategy to drive its vision of creating a world-class hub for gas production, manufacturing and services, by 2030. The strategy will be aimed at getting more liquefied natural gas (LNG) in Darwin, and expand the Darwin LNG export... 

India-US dialogue to set outline for Indian crude oil imports from Iran

By: Ajoy K Das     5th September 2018 The Indian government will not totally halt crude oil imports from Iran, but will likely show flexibility on volumes of inward shipment as a nuanced stance at the US-India bilateral engagements starting Wednesday. The Indian government reckons that this willingness to reduce crude volume imports... 

Appea blasts South Australian decision

By: Esmarie Swanepoel     5th September 2018 The Australian Petroleum Production and Exploration Association (Appea) has condemned the South Australian government’s decision to support a bill to legislate a decade-long moratorium on hydraulic fracturing (fracking) in the state’s Limestone Coast region. “It is disappointing to see the state... 

Congo's biggest coltan miner resumes purchases after output halt

By: Bloomberg     5th September 2018 Societe Miniere de Bisunzu, the Democratic Republic of Congo’s biggest coltan miner, resumed purchases of the ore after a three-month shutdown at one of the country’s largest deposits. Output restarted at SMB’s mining permit, comprising seven sites at Rubaya in east Congo, on August 14 and the... 

Alcoa braces for alumina strike vote in Western Australia

By: Reuters     4th September 2018 A vote by striking workers at Alcoa's giant west Australian operations will close on Thursday, with the union anticipating a strong "no" vote that could prolong the four-week old strike. Around 1 500 workers at three alumina refineries and two bauxite mines in Western Australia state walked out... 

Constitutional Court reverses Escobal reinstatement

By: Mariaan Webb     4th September 2018 Precious metals miner Tahoe Resources’ troubles in Gautemala deepened on Monday after the Constitutional Court reversed a Supreme Court decision to reinstate the Escobal mine's licence and ordered that nearby communities be consulted. The Ministry of Energy and Mines has to complete an ILO 169... 

Beacon raises A$18m for Jaurdi restart

By: Esmarie Swanepoel     3rd September 2018 ASX-listed Beacon Minerals will raise A$18-million through a debenture issue to professional and sophisticated investors to fund the restart of its Jaurdi gold project, in Western Australia, in the first quarter of 2019. A prefeasibility study released last week found that the project could... 

Peregrine holders approve De Beers deal

By: Creamer Media Reporter      3rd September 2018 The takeover of Peregrine Diamonds by De Beers is expected to close on September 12, the TSX-V-listed junior said on Friday, announcing that its security holders have approved the plan of arrangement between the companies. In terms of the arrangement, announced in July, the Anglo American unit... 

Industrial clothing maker develops women’s mining range

31st August 2018 For almost 25 years, industrial clothing manufacturer JAVLIN has been designing and manufacturing workwear to withstand the demands of Africa’s toughest workplaces. In line with this, the company has developed a women’s clothing and footwear range specifically for the mining industry. “The range... 

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Economic slowdown impacts on modular building demand

By: Paige Müller     31st August 2018 The local modular building industry has been feeling the pinch for the past three months, owing to a slowdown in economic activity in the sectors it serves, states prefabricated modular buildings supplier Kwikspace Modular Buildings. Kwikspace international executive Liam Cafferty is concerned... 

Market expansion met with growth, demand

By: Paige Müller     31st August 2018 Modular building supplier Speedspace is focusing on alternative market diversification and penetration to bolster its Southern Africa operations amid recent declines in product demand from local mining houses. Speedspace MD Hennie Wiggett tells Mining Weekly that the company anticipated hardships... 

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Minergy awarded mining licence for Botswana coal mine

By: Marleny Arnoldi     28th August 2018 Botswana Stock Exchange-listed Minergy aims to commission its Masama coal mine, in Botswana, in January, and to start producing coal within a month thereafter. This follows the company being granted a mining licence by the Ministry of Mineral Resources, Green Technology and Energy Security.  

Cabinet approves gazetting of updated IRP for public comment 

By: Anine Kilian     23rd August 2018 Communications Minister Nomvula Mokonyane confirmed on Thursday that Cabinet has approved the publication of the updated Integrated Resources Plan (IRP) and that it will be gazetted for comment by no later than August 27. Briefing media on the outcomes of the Cabinet meeting held on Wednesday,... 

BlueRock secures loan from chairperson, CEO

By: Anine Kilian     17th August 2018 Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei mine, in the Kimberley region of South Africa, has entered into a loan with chairperson Paul Beck and CEO Adam Waugh.   

Semafo reports two more deaths in restive Burkina Faso

By: Schalk Burger     17th August 2018 TSX-listed West Africa-focused gold exploration and production company Semafo on Friday reported that a bus transporting employees from the town of Bobo-Dioulasso to the Mana mine, in Burkina Faso, had been shot at by armed bandits on Friday morning. One Semafo national employee and one... 

Angola seeks to stimulate diamond, ornamental stone exports

By: Rebecca Campbell     17th August 2018 The Angolan newspaper “Jornal de Angola” has reported that diamond mining companies operating in the country will, in future, be able to sell up to 60% of their production in the free market, under the country’s new Diamond Commercialisation Policy. Under the previous system, adopted in 2007,... 

Farlam unhappy with snail pace in implementation of his Marikana recommendations

By: African News Agency      16th August 2018 Retired judge Ian Farlam, who chaired the government-instituted judicial commission of inquiry into the August 2012 Marikana massacre – in which at least 44 people including protesting Lonmin mineworkers, police officers, and security officials were killed in Marikana, outside Rustenburg – on... 

We made significant progress in Marikana, says Lonmin

By: African News Agency      15th August 2018 Platinum producer Lonmin has made significant progress in delivering on its commitment to the Marikana community, the company said on Wednesday. "Housing has been a key focus of the company’s social and labour plans, with modern housing developments being built for many of its employees," said... 

Six killed in armed incident near Semafo’s Boungou mine

By: Simone Liedtke     14th August 2018 West Africa-focused Canadian mining company Semafo on Monday reported that five gendarmes and one subcontractor employee had lost their lives in an armed incident that occurred between the town of Fada and the Boungou mine site, in the Est region of Burkina Faso. While operations at the Boungou... 

APA takes up A$13bn offer

By: Esmarie Swanepoel     13th August 2018 The directors of energy infrastructure business APA Group have unanimously recommended a near A$13-billion takeover offer from a consortium led by CK Infrastructure Holdings. The A$11 a share offer was first flagged in June this year, with the consortium, which also includes CK Asset Holdings... 

Mozambique's ruby mining goes from ‘wild west’ to big business

By: Bloomberg     13th August 2018 Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. 

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