https://www.miningweekly.com
R/€ = 16.99 Change: 0.05
R/$ = 16.25 Change: 0.04
Au 1804.04 $/oz Change: 9.10
Pt 887.00 $/oz Change: -3.00
 

Cartoon

HEALTH WARNING

By: Darlene Creamer     23rd August 2019 There is no question that South Africa’s current health system is failing to meet the needs of its citizens, especially those who do not have the means to access private healthcare. There is also little question that the drafters of the National Health Insurance Bill have the best of intentions.... 

HEALTH WARNING

MAKE PLATINUM MINING GREEN:

By: Martin Creamer     16th August 2019 Platinum group metals (PGMs) are used to clean the air of major cities around the world, but the equipment that mines them belch dirty smoke and carbonise the atmosphere. That irony is beginning to put local PGM mining companies under pressure and before the global supply chain begins turning its... 

MAKE PLATINUM MINING GREEN:

TIME & MONEY

By: Darlene Creamer     16th August 2019 Government’s commitment to transfer a further R59-billion to Eskom during the 2019/20 and 2020/21 financial years has bought the State-owned utility some time. By its own estimation, the transfers will guarantee Eskom’s going-concern status by a further 12 to 18 months. Eskom has also warned,... 

TIME & MONEY

THE POWER OF SUNSHINE:

By: Martin Creamer     9th August 2019 Anglo American’s decision to go the full solar energy route at it copper mines in Chile emphases the need for South Africa’s Integrated Resource Plan to accommodate the outreach to the sun to generate wonderfully clean electricity. The added benefit for South Africa is that is done with the help... 

THE POWER OF SUNSHINE:

TIGHT SPOT

By: Darlene Creamer     9th August 2019 In a note explaining its revision of South Africa’s credit outlook from stable to negative, Fitch Ratings said the decision reflected a marked widening in the Budget deficit as a result of lower growth and increased spending, including higher spending to support State-owned enterprises. In other... 

TIGHT SPOT

UNIMAGINABLY LARGE SUN POWER POTENTIAL:

By: Martin Creamer     2nd August 2019 Mining company Anglo American, which has taken a decision to revert to solar power fully at its copper mines in Chile, describes product portfolio as one that plays precisely to the macro global demand for “a cleaner world, an electrified world and a consumer world”. Anglo foresees platinum group... 

UNIMAGINABLY LARGE SUN POWER POTENTIAL:

WRECKING BALL

By: Darlene Creamer     2nd August 2019 The Constitutional Court’s scathing judgment when upholding a North Gauteng High Court ruling that Public Protector Busisiwe Mkhwebane’s pay 15% of the South African Reserve Bank’s legal fees in the Absa/Bankorp review case said it all. Mkhwebane was found to have acted in bad faith and... 

WRECKING BALL

NO LONGER SUCH A MERRY OLD SOUL:

By: Martin Creamer     26th July 2019 Old King Coal can no longer be such a merry old soul as coal-mining companies exit the thermal variety of this fossil fuel in response to the demands of shareholders, top-tier global investor lobbyists and regulators. Anglo American, Rio Tinto, BHP and South32 are promoting themselves as mining... 

NO LONGER SUCH A MERRY OLD SOUL:

TRUMP CARDS

By: Darlene Creamer     26th July 2019 Compared with his ‘Stalingrad Defence’ of old, the legal strategy adopted by former President Jacob Zuma during his recent appearance before the Commission of Inquiry into State Capture was far less clear. Nevertheless, Zuma was still able to play some of his well-worn trump cards, including his... 

TRUMP CARDS

STIMULATING DEMAND FOR PGMs:

By: Martin Creamer     19th July 2019 If South Africans make use their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity cheaper than Eskom does when it burns coal and pollutes the planet. That, in itself, is wondrous. But there is more. For example, if one puts that clean electricity through... 

STIMULATING DEMAND FOR PGMs:

DIRTY DEEDS

By: Darlene Creamer     19th July 2019 The credibility of the Office of the Public Protector rose dramatically during Thuli Madonsela’s tenure. Sadly, it is being severely undermined by her successor, Busisiwe Mkhwebane. Already several of Mkhwebane’s reports have been found wanting, while her approach to the so-called South African... 

DIRTY DEEDS

BLYVOOR GOLD POINTING THE WAY:

By: Martin Creamer     12th July 2019 South Africa used be the world’s king of gold, accounting for half of all the gold in the world. Just 20 years ago, it was producing over 1 000 t of gold a year and now it produces about one-tenth of that. How is it that, with South Africa having the second-highest resources after Australia, the... 

BLYVOOR GOLD POINTING THE WAY:

INTENSIVE CARE

By: Darlene Creamer     12th July 2019 Conditions in South Africa’s manufacturing sector remain more than challenging. The seasonally adjusted Purchasing Managers’ Index (PMI) increased marginally in June to 46.2 points, but the average level for the second quarter remained below the 50-point threshold that separates comtraction from... 

INTENSIVE CARE

KEEN TO BE GREEN:

By: Martin Creamer     5th July 2019 South Africans are holding thumbs that manganese will make its mark as an electric vehicle (EV) metals. The world’s original equipment manufacturers (OEMs) are giving it a change to show off its resolve, which has put it in a race against cobalt, nickel and aluminium. They are all keen to be... 

KEEN TO BE GREEN:

STUMPED

By: Darlene Creamer     5th July 2019 With South Africans still were licking their wounds after a dismal Proteas batting performance at the Cricket World Cup, Eskom financial problems rose again like a hostile bouncer from England’s young pace bowler Jofra Archer. While a R230-billion, ten-year injection have been confirmed by the... 

STUMPED

BUCKLE UP FOR BUMPY RIDES:

By: Martin Creamer     28th June 2019 The fallout from the under-reporting of exhaust emission by Volkswagen has been extremely hard on diesel car sales, which have fallen over a cliff. Regrettably, diesel’s demise became very bad news for platinum but very good news for palladium, which soared in price as the market turned to... 

BUCKLE UP FOR BUMPY RIDES:

TIME TO FALL

By: Darlene Creamer     28th June 2019 The unsavoury and depressing revelations at the Commission of Inquiry into State Capture continue to flow. All the large State-owned companies – Eskom, Transnet and South African Airways – have made their representations and their confessions, while the Bosasa disclosures offered insight into the... 

TIME TO FALL

FIRST PHASE HAZE:

By: Martin Creamer     21st June 2019 The Treasury has been realistic in taking a phased approach to carbon tax, which would have broken the kneecaps of beneficiating smelters had it been let loose in its original form. While some British newspapers are insisting that the words ‘climate change’ must be replaced with ‘climate crisis’... 

FIRST PHASE HAZE:

POLICY TUG OF WAR

By: Darlene Creamer     21st June 2019 The battle, within the African National Congress, for control over the direction of economic policy has always been a highly contested one. In recent years, however, it has escalated to the status of civil war. Given the disastrous state of the economy and the desperate need for an investment-led... 

POLICY TUG OF WAR

CHEAPER ELECTRICITY ESSENTIAL FOR COMPETITIVE MINING:

By: Martin Creamer     14th June 2019 Mining and electricity are joined at the hip. Regrettably, a public-sector power monopoly has been allowed to drag down a vital private-sector led industry. Now there is an opportunity to shed the monopoly and free up that vital industry to be competitive. With the help of the sun and the wind,... 

CHEAPER ELECTRICITY ESSENTIAL FOR COMPETITIVE MINING:

LEADERSHIP SHEDDING

By: Darlene Creamer     14th June 2019 The resignations, in quick succession, of Phakamani Hadebe and Vuyani Jarana point to the likelihood that the crises at Eskom and South African Airways respectively are even deeper than initially acknowledged. These leadership vacuums will, no doubt, be filled. Unless the roles and... 

LEADERSHIP SHEDDING

DEATHS BRING IRON-ORE TO LIFE:

By: Martin Creamer     7th June 2019 The grossly negligent management of iron-ore tailings dams in Brazil has caused  the iron-ore price to soar to undeservedly high levels. The focus of the offending Brazilian company on paying higher dividends rather than investing in safe mine waste storage dams is more monstrous than the 232... 

DEATHS BRING IRON-ORE TO LIFE:

ROCK & HARD PLACE

By: Darlene Creamer     7th June 2019 News of Phakamani Hadebe’s resignation as Eskom CEO was treated with precisely that: resignation. South Africans have come to terms with the fact that leading the State-owned utility in its current form is an extremely difficult task. Nevertheless, it’s a task that has to be undertaken and... 

ROCK & HARD PLACE

ROLL OUT THE SMART TAPE:

By: Martin Creamer     31st May 2019 ROLL OUT THE SMART TAPE: Minerals Council South Africa CEO Roger Baxter has called for mining smart tape to be rolled out rather than more red tape. Citibank estimates South Africa’s metals and minerals in the ground to be worth $2.5-trillion, which puts this country ahead of Russia and... 

ROLL OUT THE SMART TAPE:

IN THE TRENCHES

By: Darlene Creamer     31st May 2019 The rhetoric associated with the unfolding trade war between the US and China has definitely ratcheted up a level in recent weeks. The hardening of positions is also starting to cause shockwaves, with the Organisation for Economic Co-operation and Development warning last week that an... 

IN THE TRENCHES

SELLING SOUTH AFRICAN MINES:

By: Martin Creamer     24th May 2019 Gold-mining company AngloGold Ashanti is embarking on a process of disposing of its last two South African mining assets – Mponeng underground mine and surface operations, which include Mine Waste Solutions. The lion-logoed company employs 6 000 people in South Africa, 5 500 at the assets. Last... 

SELLING SOUTH AFRICAN MINES:

SUPER EFFORT

By: Darlene Creamer     24th May 2019 Eyebrows were definitely raised when the 2019 Presidential inauguration ceremony was moved from the majestic Union Buildings to the grittier Loftus Versfeld stadium, just down the road. Hopefully the venue choice becomes symbolic of a Presidency, whereby Cyril Ramaphosa simply picks up the... 

SUPER EFFORT

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:

ROLLING UP SLEEVES

By: Darlene Creamer     17th May 2019 Despite the initial optimism associated with the political changes that took place in early 2018, the business community has been reticent to take decisive investment decisions in South Africa until after the elections. With those now finally behind us – along with a public-holiday cycle that... 

ROLLING UP SLEEVES

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:

DATA DISPUTE

By: Darlene Creamer     10th May 2019 For several years many South Africans have expressed – often under the social media banner #DataMustFall – unhappiness with prices being charged for data by the country’s mobile operators. Now the Competition Commission has added its considerable heft to the campaign, after its market inquiry... 

DATA DISPUTE

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:

CLIFF EDGE

By: Darlene Creamer     3rd May 2019 News that Eskom was forced to lean on the National Treasury in April to avert an imminent liquidity crisis, arising from a delay in a loan disbursement from the China Development Bank, had served to underline the precarious state of the group’s finances. The debt-laden State-owned utility is... 

CLIFF EDGE

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:

CULTIVATING CONFIDENCE

By: Darlene Creamer     26th April 2019 The South African economy has been on a downward spiral for a number of years, undermining many of the dividends that initially flowed from the country’s transition to democracy. This poor performance has many reasons, but there is no question that corruption and poor governance are major... 

CULTIVATING CONFIDENCE

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:

ENERGY RELEASE

By: Darlene Creamer     19th April 2019 The return to a protracted period of load-shedding in March provided an unhappy reminder of South Africa’s energy deficit. It also served to confirm that new generation is needed, and needed immediately, to restore system stability. The quickest way to add new capacity would be through allowing... 

ENERGY RELEASE

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:
1 2 3 4
5
6 7 8 9

Sponsored Post

more

Editorial Insight

more

News This Week

more

Mining Personality

more

Photo of the week

more

Mine Profile

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now