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Still demand for education in mining

By: Kimberley Smuts There is still demand for mining education, the School of Mining Engineering at the University of the Witwatersrand (Wits) tells Mining Weekly, noting that this is demonstrated by the increase in first-year admissions from 103 students in 2005 to 234 students in 2015. Wits School of Mining... 

Sibanye investing R3.9bn in gold mines

By: Martin Creamer Mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion ($250-million) on its gold assets in its 2016 financial year. Sibanye CEO Neal Froneman told the European Gold Forum in Zurich on Wednesday that capital investment of R1.6-billion ($115-million) had been approved... 

South Africa to iron out differences with mining firms in draft empowerment review

By: Reuters South Africa's government will talk with mining firms to overcome differences in a new proposed Mining Charter that requires the companies to keep black ownership at 26%, the mining minister said on Tuesday. The state published the requirements on Friday but companies have opposed the proposals... 

AMCU peace agreement now also applies to skilled workers – Solidarity

By: Natasha Odendaal Trade union Solidarity on Monday secured skilled workers’ inclusion in the peace agreement concluded last week by gold miner Sibanye Gold and the Association of Mineworkers and Construction Union (AMCU). The concession by Sibanye’s management on the post-wage agreement deal was a victory for... 

Unions disappointed with concessions made by Sibanye

By: Anine Kilian Trade union Solidarity has welcomed the Association of Mineworkers and Construction Union’s (AMCU’s) decision to call off a strike at gold miner Sibanye Gold, but said it was disappointed that Sibanye had made concessions to AMCU after promising it would not. AMCU had planned to embark on a... 

Mine mechanisation gains traction

By: Simon Sonnekus More South African mining companies are shifting from using conventional labour forces to mechanising their deep-level operations, as they are exposed to increased seismic stress and the subsequent seismic activity, higher temperatures and time-consuming travelling to the rock face, says... 

Pushing South Africa forward, regulating to spur investment, righting investor perception

By: Martin Creamer Economic deterioration is making it increasingly essential for South Africans to step up to the plate and insist that this country be made to chart a positive new course. 

Drought likely to pose water challenges for mines in the medium term

By: Ilan Solomons There is no evidence of water supply concerns related to the current drought compromising mining operations in South Africa, the Department of Water and Sanitation (DWS) tells Mining Weekly. However, project management and engineering consultancy Royal HaskoningDHV mining director Berte Simons... 

Drought likely to pose water challenges for mines in the medium term

By: Ilan Solomons There is currently no evidence of water supply issues, owing to the current drought, compromising mining operations in South Africa, the Department of Water and Sanitation (DWS) tells Mining Weekly. However, project management and engineering consultancy Royal HaskoningDHV mining director Berte... 

As S African govt aims at Q2 signing of revamped MPRDA, Sibanye CEO bemoans investors' lack of confidence

By: Henry Lazenby The CEO of South African miner Sibanye Gold has complained that despite his company’s many positive credentials, it was “really disappointing” that its JSE- and NYSE-listed stocks were trading significantly lower than its contemporaries active elsewhere in the world. Neal Froneman said he was... 

Resources Watch

This week: Eqstra H1 profit falls on exit of noncore operations RBPlat posts FY loss, delays projects And, Sibanye Gold preparing to spend upped R3.9bn capex 

Sibanye shows good faith, Northam bucks the trend, Harmony hedges the rand

By: Martin Creamer Sibanye calls unions back to the table; Northam Platinum bucks the trend by planning growth projects; and Harmony surprises by banking the weak rand.  

Resources Watch

By: Creamer Media Reporter This week: Record rand gold price prompts Sibanye to call employees, unions back to the table AngloGold international mines slashing costs, upping margins And, AngloGold’s South African mines still laggards 

Sibanye Gold preparing to spend upped R3.9bn capex

By: Martin Creamer Precious metals mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion this year, an increase of more than R400-million on 2015. Sibanye CEO Neal Froneman told the BMO mining conference on Monday that the company was engaging in capital investment that was extending the... 

Sibanye terminates discussions with WCC

By: Esmarie Swanepoel ASX-listed Waterberg Coal Company (WCC) on Friday announced that South African miner Sibanye Gold has terminated discussions with WCC around an A$8.5-million loan after the coal developer failed to accept an asset offer. In September 2015, WCC entered into a nonbinding term sheet with Sibanye... 

Record rand gold price prompts Sibanye to call employees, unions back to the table

By: Martin Creamer In an unprecedented move, the record rand price of gold has prompted gold mining company Sibanye Gold to exercise its bona fides by calling on its employees, unions and associations to return to the table, not to reopen wage negotiations, but to enter into a dialogue on an innovative social and... 

Reliable electricity supply central to sustainability

By: Dylan Slater Dependable electricity supply is critical to the operation of a mine within safe parameters, and negligence thereof can leave a mining company vulnerable to costly litigation and rising insurance premiums.  

Trapped miner rescued at Sibanye’s Cooke 1 shaft

By: Anine Kilian Proto teams have rescued a contractor who had been trapped underground following a fall-of-ground incident at Sibanye Gold’s Cooke 1 Shaft since Monday. The contractor, who had allegedly been involved in illegal mining activities when the incident occurred, was taken to hospital. 

Silicosis class action could spur reforms that usher in adequate, effective redress – lawyer 

By: David Oliveira A decision by the South Gauteng High Court regarding the application for class action certification in the case of South African mineworkers who have contracted silicosis could have significant ramifications for the gold industry and fast-track much-needed legislative reforms to compensate... 

A list of top priorities for new Mining Minister

Newly appointed Mineral Resources Minister Mosebenzi Zwane faces several challenging tasks in the coming year, including improving the declining image of the South African mining industry; seeking closure with regard to the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill;... 

Online auctioneers to launch 24/7 listing platform at Indaba

By: Dylan Stewart Online auctioneer Clear Asset will launch its daily marketplace through which customers can buy and sell equipment at any time, at the 2016 Investing in African Mining Indaba, in Cape Town, next month. 

Silicosis class action could spur reforms that usher in adequate, effective redress – lawyer

By: David Oliveira A decision by the South Gauteng High Court regarding the application for class action certification in the case of South African mineworkers who have contracted silicosis – a degenerative lung disease caused by high levels of silica dust exposure – could have significant ramifications for the... 

Aquarius shareholders approve takeover by Sibanye

By: Natalie Greve Shareholders of Aquarius Platinum have approved a proposed deal that will see the company acquired by fellow miner Sibanye Gold for of $0.195 a share. The transaction, which would be implemented by way of an amalgamation under Bermuda law, needed to be approved by a simple majority of votes cast... 

Sibanye shareholders approve Rustenburg Platinum Mines deal

By: Natalie Greve Shareholders of gold miner Sibanye Gold have approved the acquisition of the North West-based Bathopele, Siphumelele and Thembelani mines from Anglo American Platinum (Amplats) subsidiary Rustenburg Platinum Mines. The deal would see Sibanye acquiring the mining operations, two concentrating... 

Mining helping to show how rich and poor South Africans can work arm-in-arm as volunteers 

By: Martin Creamer Every year, 700 000 to 800 000 young South Africans leave school with extremely limited prospects of obtaining employment, adding to the statistic of three to four million people younger than 25 who are already unemployed. One of the country’s most pressing challenges is finding ways of preparing... 

Waterberg requests extension of ASX share suspension

By: Natalie Greve JSE-listed The Waterberg Coal Company has made a request to the ASX for an extension to its current voluntary suspension in the trading of its securities, which expires prior to the start of trade on December 21. This would, it outlined in a statement on Friday, allow it time to finalise a... 

Aquarius shareholders to vote on Sibanye deal in January

By: Natalie Greve Aquarius Platinum will this week distribute to shareholders information related to the proposed acquisition of Aquarius by Sibanye Gold for a cash consideration of $0.195 a share. The transaction, which was to be implemented by way of an amalgamation under Bermuda law, needed to be approved by a... 

Mining Charter changes may boost local equipment procurement

By: Mia Breytenbach With the Mining Charter being aligned with the revised Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice, now is the time to “level the playing field” and entice greater procurement from South African mining equipment manufacturers in the local mining industry, regardless of... 

Sibanye CEO lauded at international conference

By: Megan van Wyngaardt Dual-listed Sibanye Gold CEO Neal Froneman was named CEO of the year at the thirteenth Mines and Money London conference. The conference is Europe’s largest mining investment conference and exhibition, bringing together over 2 500 attendees from 75 countries. The Mines and Money advisory panel,... 

30% of SA’s platinum now comes from mechanised mines, gold sector mulling or implementing high-tech initiatives

By: Ilan Solomons South African mines are becoming more modernised faster than many people realise, says University of the Witwatersrand Centre for Mechanised Mining Systems director Dr Declan Vogt. “Many platinum mines are implementing mechanisation, with about 30% of the country’s current underground platinum... 

30% of SA’s platinum now comes from mechanised mines, gold sector mulling or implementing high-tech initiatives

By: Ilan Solomons South African mines are becoming more modernised – faster than many people realise, says University of the Witwatersrand Centre for Mechanised Mining Systems director Dr Declan Vogt. “Many platinum mines are implementing mechanisation, with about 30% of the country’s current underground platinum... 

Mining Charter changes may boost local equipment procurement

By: Mia Breytenbach With the Mining Charter being aligned with the revised Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice, now is the time to “level the playing field” and entice greater procurement from South African mining equipment manufacturers in the local mining industry, regardless of... 

Aquarius lifts Q1 output; metals prices cut profits

By: Natalie Greve Triple-listed Aquarius Platinum has lifted attributable production for the quarter ended September 30 by 8% year-on-year to 93 513 oz of platinum-group metals (PGMs). The group’s Kroondal mine lifted output 4% year-on-year to 58 418 oz in the first quarter of the 2016 financial year, while... 

AMCU will approach ConCourt if current bid for right to strike at mines where it has a majority fails 

By: Ilan Solomons The Association of Mineworkers and Construction Union (AMCU) is currently awaiting the Labour Appeal Court judgment on representativeness and the extension of collective bargaining agreements to minority unions by an employers’ association. During 2013 wage negotiations AMCU sought clarity from... 

MINI MINER

By: Martin Creamer Precious metals mining company Sibanye Gold sprung a surprise on the industry last week when in unveiled this mining machine to the 440 registered attendees of the Joburg Indaba. Having put up his hand to be South Africa’s next diversified mining champion, Sibanye CEO Neal Froneman has become the... 

Sibanye becomes latest gold producer to ink 3yr wage deal with unions

By: Natalie Greve Gold producer Sibanye Gold has inked a three-year wage deal with labour unions, the National Union of Mineworkers (NUM), Solidarity and Uasa, which will see entry-level workers receiving increases of between 10% and 13% in basic wage in each of the three years of the agreement. This followed the... 

Sibanye displays new mining machine at Joburg Indaba 

By: Martin Creamer Precious metals mining company Sibanye Gold on Wednesday wheeled a new mining machine into the Joburg Indaba conference room to display the steps it is taking to modernise mining. The low-lying machine for South Africa’s stopes the height of a kitchen table has dozer and sweeper attachments and... 

Mining’s big names to gather in Johannesburg

By: Dylan Stewart Africa’s mining elite will discuss tangible ways in which investors and industry owners can interact about challenges and opportunities in the mining industry later this month at the Inanda Club in Johannesburg, Gauteng during the Joburg Indaba, states Joburg Indaba founder and event organisers... 

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