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THE CV OF AN EV:

By: Martin Creamer     17th May 2019 The electric vehicle (EV) was last month given a real run down by the Ifo Institute for Economic Research, one of Germany’s largest economic think-tanks, which stated that an EV produces more carbon emissions than a diesel car. Sparks flew during a subsequent polarised EV and battery debate, on... 

THE CV OF AN EV:

RENEWABLES TAKING HOLD OF COAL’S CROWN:

By: Martin Creamer     10th May 2019 So much of the world’s growth over the past two hundred years has been due to the ever-increasing use of fossil fuels led by coal, notes Alan M Clegg in last week’s opinion paper. But in the same week, commodities analyst BMO Global let it be known that it is modelling a slow decline in coal... 

RENEWABLES TAKING HOLD OF COAL’S CROWN:

MONOPOLISTIC ABUSE:

By: Martin Creamer     3rd May 2019 State utility Eskom has an unfair monopoly and it is abusing it. The floundering State-owned is not only shrinking the economy by failing to provide energy security, but it is also abusing its monopoly by standing in the way of mining companies wanting to generate and distribute their own... 

MONOPOLISTIC ABUSE:

JOB DESTRUCTIVE TAX:

By: Martin Creamer     26th April 2019 Minerals Council South Africa, which fully embraces the industry’s obligation to lower greenhouse gas emissions, has called on the government to delay the implementation of the new carbon tax. It would like to see a delay of at least five years to allow sufficient time for government to address... 

JOB DESTRUCTIVE TAX:

EARLY SIGNS OF COMEBACK:

By: Martin Creamer     19th April 2019 Platinum-backed exchange traded fund (ETF) holdings increased for nine consecutive days earlier this month to reach 2.96-million ounces, the highest level on record. The report by BMO Global Commodities Research also noted that ETF inflows had been strong in the year to date, as investors have... 

EARLY SIGNS OF COMEBACK:

TERRIBLE TARIFFS:

By: Martin Creamer     12th April 2019 The electricity tariff increases approved by the National Energy Regulator of South Africa on March 7, have put 90 000 gold and platinum jobs at risk. On April 1, State power utility Eskom was allowed to increase its tariffs by an effective 13.8%. Although the ‘front-loaded’ nature of the tariff... 

TERRIBLE TARIFFS:

PLATINUM'S DAY WILL RETURN:

By: Martin Creamer     5th April 2019 While platinum is being taken down a peg or two by the fall in demand for diesel-driven cars, its once poorer cousins have been stealing the limelight and keeping the good name of the platinum group metals (PGMs) family aloft. However, whenever the great ascendancy of palladium is discussed,... 

PLATINUM'S DAY WILL RETURN:

CLIMBING UP THE PERCEPTION LADDER:

By: Martin Creamer     29th March 2019 South Africa is slowly climbing back up the Fraser Institute ladder after falling into the nether regions under errant behaviour within the Minerals Ministry. The Fraser Institute, a research body that has been giving South African mining a hiding for years now, is recognising South Africa’s... 

CLIMBING UP THE PERCEPTION LADDER:

UPPER GROUP GAINS UPPER HAND:

By: Martin Creamer     22nd March 2019 UPPER GROUP GAINS UPPER HAND: Since Volkswagen understated its diesel emission levels, palladium and rhodium prices have been soaring. Accompanying that has been new respect for the upper group two (UG2) reef, which hosts palladium and rhodium in the greatest abundance. ‘Dieselgate’, as the VW... 

UPPER GROUP GAINS UPPER HAND:

PGMS TO THE RESCUE:

By: Martin Creamer     15th March 2019 For long the media referred to platinum mines but from now on we will be calling them platinum group metals (PGMs) mines in recognition of the gallant manner in which the members of the PGMs family have closed ranks during the recent period of platinum price crisis. The platinum price fell... 

PGMS TO THE RESCUE:

COAL CAP THAT FITS:

By: Martin Creamer     8th March 2019 Glencore has put a cap on its coal capacity. The large mining and marketing has given a praiseworthy commitment that it will not lift its capacity beyond 150-million tonnes of coal a year, a figure it is already close to; it has also undertaken not build another new coal mine. It is doing this in... 

COAL CAP THAT FITS:

LOWEST RUNG OF ESG HELL:

By: Martin Creamer     1st March 2019 Huge diversified mining company Vale must be put in the lowest rung of environmental, social and governance (ESG) hell for putting far more emphasis on dividend declarations decided behind fancy mahogany-doored boardrooms than on the safety of dicky upstream iron-ore tailings dams. Last month’s... 

LOWEST RUNG OF ESG HELL:

PARALLEL JUDGEMENTS:

By: Martin Creamer     22nd 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 Manthashe, 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... 

PARALLEL JUDGEMENTS:

TWO-FACED IRON-ORE MINING:

By: Martin Creamer     15th February 2019 TWO-FACED IRON-ORE MINING: Brazilian mining company Vale’s Brumadinho tailings dam collapse killed 150 died and left 182 missing; Vale-BHP’s Samarco dam collapse killed 19. What evokes great sadness is Vale’s payment of no less than seven cash dividends to shareholders between October 2015 and... 

TWO-FACED IRON-ORE MINING:

By: Martin Creamer     15th February 2019 Brazilian mining company Vale’s Brumadinho tailings dam collapse killed 150 died and left 182 missing; Vale-BHP’s Samarco dam collapse killed 19. What evokes great sadness is Vale’s payment of no less than seven cash dividends to shareholders between October 2015 and September 2018. Vale... 

TWO-FACED IRON-ORE MINING:

RUSHING IN:

By: Martin Creamer     8th February 2019 Zimbabwe President Emerson Mnangagwa’s visit to Russia has reportedly unlocked funds for platinum mining at Darwendale, in Zimbabwe’s Great Dyke, and marked the return to the country of Russia’s state diamond company Alrosa. Bloomberg reports that the Kremlin is “ready to do everything that... 

RUSHING IN:

GOLD'S CONSOLIDATION:

By: Martin Creamer     1st February 2019 Gold-mining CEOs have for long enunciated the merits of greater consolidation of the gold-mining industry, which needs to at least replace every ounce of gold that it mines with another ounce of unmined gold. The merging of very large and fairly large companies brings about consolidation far more... 

GOLD'S CONSOLIDATION:

COMMUNITY CLOUT:

By: Martin Creamer     25th January 2019 COMMUNITY CLOUT: Recent court judgements have placed occupiers of land in the driving seat of mining decision-making. Dictating the way forward are the Constitutional Court’s overturning of the eviction of 37 members of the Lesetlheng community of the North West province; the Pretoria High... 

COMMUNITY CLOUT:

CHEAPER AND HEALTHIER:

By: Martin Creamer     18th January 2019 CHEAPER AND HEALTHIER: South Africa’s endowment of hot sun and top-tier wind makes a compelling case for investment in renewable energy that protects the environment. This clean power combination is compelling, not only because it is healthy but that it has become the lowest cost option. It has... 

CHEAPER AND HEALTHIER:

WILD COAST'S WILD CARD:

By: Martin Creamer     14th December 2018 The mining industry has been dealt a wild card by the  Wild Coast, where the community has said no to the mining of titanium. It is the community of Umgungundlovu, a portion of Xolobeni, and it has been given the right to say no by the High Court of Pretoria. The full consent of informal land... 

WILD COAST'S WILD CARD:

NEW MINERAL MASTERS:

By: Martin Creamer     7th December 2018 The Mineral Resources Minister will have to obtain the full and formal consent of the Xolobeni community prior to granting anyone the right to mine titanium at Umgungundlovu on the Wild Coast. South Africa’s Gulliver-size mineral wealth, which provides taxes, royalties, jobs, foreign investment... 

NEW MINERAL MASTERS:

UNCERTAIN CERTAINTY:

By: Martin Creamer     30th November 2018 Despite the third iteration of the Mining Charter being gazetted and the starter’s gun fired, discussion still under way between the Mineral Resources Ministry and Minerals Council South Africa has fired enough holes in the cloud that still hovers above new mining investment and greenfield... 

UNCERTAIN CERTAINTY:

NO PANACEA:

By: Martin Creamer     23rd November 2018 Driving electric cars will not make a dent in global carbon emissions, and may even increase pollution levels, say the International Energy Agency (IEA) in its latest World Energy Outlook. It bases this premise on any reduction in emissions from electric vehicles being offset by the increased use... 

NO PANACEA:

EXPLORATION STILL ON VACATION:

By: Martin Creamer     16th November 2018 South Africa’s $2.5-trillion minerals treasure chest will remain locked until enabling government policy unlocks it. Government has awakened to the massive potential of such an unlocking, but needs to clearly annunciate improved minerals policy to arouse the required investor interest. South... 

EXPLORATION STILL ON VACATION:

INVESTMENT PLEDGES:

By: Martin Creamer     9th November 2018 INVESTMENT PLEDGES: It was wonderful that many mining-related investments were confirmed at President Cyril Ramaphosa’s investment conference in Johannesburg. The diversified mining company Anglo American pledged R70-billion. Vedanta Zinc International pledged R21.4-billion additional possible... 

INVESTMENT PLEDGES:

CONSTRUCTIVE ENGAGEMENT

By: Martin Creamer     2nd November 2018 The constructive engagement that is under way to fix the growth-negative aspects of Mining Charter Three is commendable. The wise rapprochement between Minerals Minister Gwede Mantashe and Minerals Council CEO Roger Baxter has nullified the destructive non-collaboration that separated these two... 

CONSTRUCTIVE ENGAGEMENT

LET'S PULL OURSELVES UP BY OUR OWN BOOTSTRAPS:

By: Martin Creamer     26th October 2018 The current very low contribution of only 4% to gross domestic product (GDP) by the South African mining sector needs to be firmly uplifted for the good of the South African people. Advisory firm Eunomix CEO Claude Baissac rightly describes the 4% contribution as being ridiculously low. Mineral... 

LET'S PULL OURSELVES UP BY OUR OWN BOOTSTRAPS:

END THE EXPLORATION VACATION:

By: Martin Creamer     19th October 2018 It is good that government is freeing mineral exploration from the regulatory burdens of the mining industry as a whole, because a massive amount of catch-up has to take place for the country to keep its mining at a critical mass. Against the backdrop of its exceptional mineral endowment, the... 

END THE EXPLORATION VACATION:

RESTORE THE GLEAM:

By: Martin Creamer     12th October 2018 Gold mining has lost its investment glitter and needs to, in the words of the Economist magazine of London, restore its gleam. To do this, gold-mining companies Barrick and Randgold Resources want their shareholders to allow them to present an improved investment case as a merged entity. The plan... 

RESTORE THE GLEAM:

CONSOLIDATING GOLD MINING:

By: Martin Creamer     5th October 2018 When Mining Weekly reported last month that African gold mining company Randgold Resources was looking across the Atlantic, the last merger target in mind was gold mining company Barrick. It was the northern edge of South America that effectively hosts the same geology as West Africa that we... 

CONSOLIDATING GOLD MINING:

CARBON TAX OWN GOAL:

By: Martin Creamer     28th September 2018 South Africa’s Treasury will be scoring a spectacular own goal if it insists on imposing carbon tax next year; the Integrated Resource Plan (IRP) renders carbon tax superfluous and all its imposition will do is risk smelter closure and the exportation of South African jobs when the country needs... 

CARBON TAX OWN GOAL:

CARBON TAX CRACKS:

By: Martin Creamer     21st September 2018 The release of the Integrated Resource Plan (IRP) promises to lower emission intensity to a point where someone should tell National Treasury to abandon its plans to introduce carbon tax, which is almost certain to result in the closure of metal smelters at a time of desperate need for job... 

CARBON TAX CRACKS:

CLEAR THE RUNWAY AND WE'LL SOAR:

By: Martin Creamer     14th September 2018 The mining sector could attract an additional R122-billion worth of investment if the policy and legislative perception lifted out of the lowest quartile of the Fraser Institute’s Policy Perception Index, Minerals Council South Africa public affairs and transformation senior executive Tebello... 

CLEAR THE RUNWAY AND WE'LL SOAR:

DANGLING THE EXPLORATION CARROT:

By: Martin Creamer     7th September 2018 Mineral Resources Minister Gwede Mantashe used his speech to the Africa Down Under conference in Perth to dangle an attractive ten-year, R20-billion carrot before junior explorers. He revealed the government’s intention to assist juniors with access to finance and told Mining Weekly that the... 

DANGLING THE EXPLORATION CARROT:

PETROLEUM’S LEGISLATIVE UNBUNDLING:

By: Martin Creamer     31st August 2018 The P for petroleum in the Minerals and Petroleum Resources Development Act (MPRDA) is heading for an unbundling. Invariably honoured in the breach, mining’s dominance always took centre stage. Along came the MPRDA Amendment Bill of 2013 and suddenly petroleum was awakened from it slumber. It was... 

PETROLEUM’S LEGISLATIVE UNBUNDLING:

DARTING AHEAD:

By: Martin Creamer     24th August 2018 Diversified mining and marketing company Glencore is darting ahead of its US Department of Justice (DoJ) and Democratic Republic of Congo (DRC) mining code issues. Most of the commodities in the basket of the London- and Johannesburg-listed company are set to grow, notes Goldman Sachs Equity... 

DARTING AHEAD:

DERAILING REPUTATION:

By: Martin Creamer     17th August 2018 State-owned rail enterprise Transnet has derailed its reputation by allowing six derailments, four for iron-ore and two for manganese, and rail cancellations to occur on what should be a problem-free line from the Northern Cape to the port of Saldanha. As it is, South Africa’s logistics costs are... 

DERAILING REPUTATION:

TIGHTROPE TRIBULATION:

By: Martin Creamer     10th August 2018 Of all industrial sectors, it is the mining sector that requires ongoing investment at a magnitude that dwarfs most other sectors. Because internal savings are insufficient to fund mining, foreign investment is a must. Mineral Resources Minister Gwede Mantashe is having to walk a tightrope and... 

TIGHTROPE TRIBULATION:
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