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Re-evaluation of SA’s mineral beneficiation strategy urged amid slow progress

By: Paige Müller     15th February 2019 Amid slow progress in realising South Africa’s mineral beneficiation strategy – as set out in the Department of Mineral Resources (DMR) 2011 policy document – mining industry participants, analysts and experts are re-evaluating the feasibility of mineral beneficiation as a growth trajectory path.... 

Gold, operational costs drag down South Africa’s December mining production

By: Marleny Arnoldi     14th February 2019 South Africa’s mining production decreased by 1.6% year-on-year in 2018, following a 3.9% year-on-year increase in 2017 and a decrease of 3.7% year-on-year in 2016, Statistics South Africa (Stats SA) revealed on Thursday. In December, mining production decreased by 4.8% year-on-year, with the... 

South32 finalising preferred list of coal mine bidders 

By: Martin Creamer     14th February 2019 The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African... 

Harmony cuts energy consumption, ushering in solar, mulling biofuels  

By: Martin Creamer     12th February 2019 Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could... 

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... 

Minerals council applauds Ramaphosa's focus on improving ease of doing business

By: African News Agency      8th February 2019 The Minerals Council South Africa on Friday applauded President Cyril Ramaphosa’s emphasis on improving the ease of doing business in the country during his annual address in Parliament on the state of the nation. The council also welcomed Ramaphosa's commitment to fighting corruption and state... 

Gra-Tech to add value in PGMs industry

By: Cameron Mackay     8th February 2019 Precious metals recovery company Gra-Tech is aiming to assist companies that are active in the platinum group metals (PGMs) industry, particularly mines and Nitric Acid plants, as it looks to expand into other emerging markets. “Industry has not realised the massive value contained in old and... 

Steel group to approach Nersa for power-tariff relief  

By: Terence Creamer     7th February 2019 Steel producer ArcelorMittal South Africa (AMSA) says it will submit site-specific applications to the National Energy Regulator of South Africa (Nersa) to secure tariff relief from Eskom for its operations in Gauteng, KwaZulu-Natal and the Western Cape. The submissions will be made in line with... 

Resources Watch  

7th February 2019 Minerals Council's warns of tipping point for mining if electricity tariffs increase by 15% a year; and, BME to focus on product improvement and organic growth 

VGSA encourages SSC to conclude business rescue process for Lily, Barbrook mines

By: Simone Liedtke     7th February 2019 Vantage Goldfields South Africa (VGSA) says it is keen to complete the sales agreement with Flaming Silver and Siyakhula Sonke Empowerment Corporation (SSC) “as a matter of urgency in order to provide clarity and finality for all affected parties, but particularly former employees, creditors and... 

New graphite factory bolsters mining, foundry product offerings

By: Schalk Burger     7th February 2019 A new graphite facility, Graphite Freezeline Solutions, was opened last month on industrial engineering firm Thos Begbie’s manufacturing campus, in Middelburg. It will reduce the time to manufacture products that include graphite components, especially for the mining and foundry industry, says... 

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... 

AMSA reports first profit since 2010 on back of higher steel prices  

By: Terence Creamer     7th February 2019 Following years of sustained losses, steel producer ArcelorMittal South Africa (AMSA) reported a full-year profit in 2018, on the back of a 12% rise in average realised prices and a 5% increase in sales volumes, supported by a 21% rise in export sales. The company last reported a full-year profit... 

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... 

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... 

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... 

Nersa to make Eskom tariff decision before March 15  

By: Terence Creamer     5th February 2019 The National Energy Regulator of South Africa (Nersa) says it will make a ruling on Eskom’s heavily contested revenue application before March 15, but has not committed to a firm date for the release of the determination. Full-time regulatory member Nomfundo Maseti, who chaired the marathon... 

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... 

Eskom’s own survival at risk should big hikes be permitted, EIUG warns  

By: Terence Creamer     5th February 2019 The Energy Intensive User Group (EIUG) has added its voice to the overwhelming chorus of societal opposition to Eskom’s latest tariff submission, warning on Tuesday that above-inflation hikes would have “immediate, catastrophic and irreversible” consequences for South Africa’s mining and... 

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... 

Minerals Council Publishes Facts And Figures 2018 Pocketbook

4th February 2019 The Minerals Council South Africa today published the Facts and Figures 2018 pocketbook, which provides preliminary insights into the latest available trends across South Africa’s mining industry, during The State of the Mining Nation media briefing at Mining Indaba 20 In 2018, the mining industry: 

Busa calls for inflation-linked Eskom hikes until power market is restructured  

By: Terence Creamer     4th February 2019 Business Unity South Africa (Busa) has urged the National Energy Regulator of South Africa (Nersa) to suspend its methodology for setting power tariffs and to grant Eskom only inflation-linked increases until the electricity supply industry has been restructured. In a presentation during Gauteng... 

Coal exports have not risen since 2008, with the IRP posing a further threat, says Minerals Council

By: Kim Cloete     4th February 2019 Coal production, exports and investment in the industry have remained stagnant since 2008, despite higher export prices and South Africa’s abundant coal reserves, says the Minerals Council South Africa. “Even as the coal export price soared, export volumes failed to respond,” Minerals Council... 

Minerals Council reports mining industry’s 2018 successes

By: Tasneem Bulbulia     4th February 2019 South Africa’s mining industry contributed R356-billion to the country’s gross domestic product (GDP) in 2018, an increase on the R335-billion contribution in 2017, the Minerals Council South Africa ‘Facts and Figures 2018 Pocketbook’ shows. The pocketbook, which was released on Monday during a... 

Mining green shoots sprouting – Minerals Council 

By: Martin Creamer     4th February 2019 Green shoots are sprouting in South Africa’s mining sector, which is readying for new take off, Minerals Council South Africa CEO Roger Baxter said on Monday. In a briefing on the State of the Mining Nation on the sidelines of the opening day of the Investing in African Mining Indaba, Baxter told... 

Mining 'walking into a brighter future' – Makwana  

By: Martin Creamer     4th February 2019 Mining was walking into a brighter future and the appetite for mining investment was strengthening, attendees of the Investing in African Mining Indaba heard on Monday. Opening the 25th consecutive Investing in African Mining Indaba Cape Town, attention was drawn to stepped up investment in... 

Eskom revises tariff upwards as it unveils shock changes to Nersa submission  

By: Terence Creamer     1st February 2019 Embattled electricity utility Eskom has made shock adjustments to its revenue application currently before the National Energy Regulator of South Africa (Nersa), which, if approved, would translate into tariff increases that are even higher than the 15% a year hikes sought in its initial... 

South African miners to review construction of tailings dams after Brazil disaster

By: African News Agency      1st February 2019 The Minerals Council South Africa on Thursday said local miners would be reviewing their tailing storage facilities construction, maintenance and operating protocols following the collapse of the tailings dam at Brumadinho in the Brazilian state of Minas Gerais. At least 60 people have been... 

Eskom laments poor quality of coal  

By: Kim Cloete     31st January 2019 Eskom COO Jan Oberholzer has called on coal mining companies to "play ball" and improve the quality of the coal they supply to the utility. He has also outlined the massive challenges facing the utility and said Eskom was holding out for the National Energy Regulator of South Africa (Nersa) to... 

How South Africa could fix distressed Eskom

By: Bloomberg     31st January 2019 South Africa’s government will announce within a month how it plans to fix Eskom Holdings, the embattled state utility that supplies more than 90% of the nation’s power. There are no easy remedies. The company is R419-billion in debt, is losing money hand over fist, has way more staff than it... 

Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year  

By: Nadine James     30th January 2019 State-owned utility Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral”, Minerals Council South Africa chief... 

Seven predictions for Junior Miners in 2019 and Beyond

30th January 2019 By Bryndon Kydd, National Natural Resources Industry Leader BDO in Canada South African Spokesman: Bert Lopes, National Head of Advisory and Managing Partner BDO South Africa 

DTI to host SA Investment Roundtable at African Mining Indaba

By: Tasneem Bulbulia     29th January 2019 The Department of Trade and Industry (DTI) will, in collaboration with the Department of Mineral Resources (DMR) and Brand South Africa, host a South African Investment Roundtable on the margins of the twenty-fifth Investing in African Mining Indaba, in Cape Town, on February 5. Team South... 

Gordhan says Eskom restructuring decision imminent  

By: Terence Creamer     29th January 2019 Public Enterprises Minister Pravin Gordhan said on Tuesday that Eskom’s financial and operational problems were unlikely to be solved without structural changes being made at the State-owned electiricity utility. Speaking as part of a panel discussion at Business Unity South Africa’s inaugural... 

Palladium theft rampant – FT 

By: Martin Creamer     29th January 2019 Palladium, used in catalytic converters that reduce harmful petrol vehicle emissions, is catalysing a crime wave in the UK, says the Financial Times (FT) of London. “Thieves are stealing catalytic converters – often in broad daylight – and selling the devices to illegal scrap dealers for cash,”... 

Competition Appeal Court to hold Sibanye, Lonmin merger hearing on April 2 

By: Marleny Arnoldi     25th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Friday announced that the Competition Appeal Court of South Africa had set April 2 as the date to hear the appeal filed by the Association of Mineworkers and Construction Union (AMCU) against Sibanye’s planned takeover of LSE- and JSE-listed Lonmin.... 

Indaba celebrates silver anniversary, reaffirms commitment to Africa

By: Nadine James     25th January 2019 The 2019 Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 4 to 7 – will be the twenty-fifth iteration of the event, with the “world’s largest mining conference” having reached this milestone being testimony to its relevance and value,... 

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