https://www.miningweekly.com
R/€ = 17.7722 Change: -0.0527
R/$ = 17.1215 Change: 0.0222
Au 1744.75 $/oz Change: -13.49
Pt 995.20 $/oz Change: 11.20
 

Cartoon

WORRYING DISCONNECT

By: Darlene Creamer     17th November 2017 Those closest to, and most affect by, the problems being experienced in the electricity supply industry are currently wringing their hands over the weak sales performance and what it could mean for tariffs. However, President Jacob Zuma and his newly appointed Energy Minister, David Maholobo, are... 

WORRYING DISCONNECT

CRIPPLE AND CAPTURE:

By: Martin Creamer     10th November 2017 Current interests in South Africa’s mining industry are being crippled to make its assets cheaply available to connected companies, South African Institute of International Affairs' Governance of Africa’s Resources Programmes researcher Ross Harvey suggests in a recent opinion article in Business... 

CRIPPLE AND CAPTURE:

SUFFOCATED BY SCANDAL

By: Darlene Creamer     10th November 2017 The hair-raising revelations in Jacques Pauw’s latest book, ‘The President’s Keepers’, outlining President Jacob Zuma’s association with key figures in South Africa’s underworld add yet another layer of shame to his already shameful Presidency. These scandals are not only suffocating Zuma and the... 

SUFFOCATED BY SCANDAL

CRAZY CHARTER CROQUET:

By: Martin Creamer     3rd November 2017 Even mining communities are up in arms with the way Minerals Minister Mosebenzi Zwane and his Department of Mineral Resources (DMR) have unilaterally gazetted Mining Charter III, an unworkable document. Given the 0.7% growth rate to which the South African economy has slumped, Chamber of Mines... 

CRAZY CHARTER CROQUET:

VITAL BAIL-OUT

By: Darlene Creamer     3rd November 2017 The exit of South African Airways’ toxic former chairperson, Dudu Myeni, may have been the best bail-out news yet received by the national carrier. Nevertheless, even with the additional support extended by the National Treasury, it’s going to take extraordinary effort and skill to pull the... 

VITAL BAIL-OUT

SELF-INFLICTED DESTRUCTION:

By: Martin Creamer     27th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the South African mining industry will ultimately grind to a halt and the big holes that have been dug could well become the preserve of illegal miners. But this does not need to be the case. This country remains highly... 

SELF-INFLICTED DESTRUCTION:

NUCLEAR ACCELERATOR

By: Darlene Creamer     27th October 2017 Whether justified or not, the appointment for former State Security Minister David Mahlobo as the country’s latest Energy Minister is seen an attempt by Present Jacob Zuma to push ahead with the currently stalled nuclear build programme. Given Mahlobo’s apparent close ties to Russia many view it... 

NUCLEAR ACCELERATOR

ECONOMIC ARSON:

By: Martin Creamer     20th October 2017 The South African mining industry catalyses a myriad of value-adding economic linkages in engineering, banking, law, energy, entrepreneurship and the list could go on. When mining is damaged, so are all those linkages. The knock-on effect is immense. Yet Minerals Resources Minister Mosebenzi... 

ECONOMIC ARSON:

MISSING OUT

By: Darlene Creamer     20th October 2017 Largely owing to an exceptional solar resource, this country is often referred to as ‘sunny South Africa’. However, while the world is adopting solar photovoltaic (PV) technology at a record pace, this country’s solar programme is mired in uncertainty. The International Energy Agency’s... 

MISSING OUT

STRENGTHEN MINING, STRENGTHEN SOUTH AFRICA:

By: Martin Creamer     13th October 2017 Proper leadership will set South Africa back on an upward course under the growing realisation that if the country strengthens its mining sector, it strengthens the economy as a whole. Chamber of Mines president Mxolisi Mgojo has promised to ensure better outcomes for sector and country,... 

STRENGTHEN MINING, STRENGTHEN SOUTH AFRICA:

RUNNING ON EMPTY

By: Darlene Creamer     13th October 2017 Besides making ongoing losses, PetroSA is also facing an existential crisis, as its gas resources dwindle. Diminishing gas feedstock from its offshore wells, means that the Mossel Bay gas-to-liquids plant is now processing condensate as an alternative – a far from ideal feedstock. The State-owned... 

RUNNING ON EMPTY

PLATINUM STRUGGLING TO FLATTEN 'EM:

By: Martin Creamer     6th October 2017 Palladium prices last week topped platinum for the first time since 2001, underscoring the diverging outlooks for the metals. Bloomberg reports that supplies are expected to tighten in palladium, owing to demand from petrol-fuelled vehicles and a snubbing of platinum in the wake of the VW diesel... 

PLATINUM STRUGGLING TO FLATTEN 'EM:

CORPORATE CASUALTIES

By: Darlene Creamer     6th October 2017 The corporate body count directly attributable to the State-capture project continue to mount. Besides those companies directly associated with the controversial Gupta family, such as Oakbay and Trillian, there have been other serious casualties, most notably KPMG. More to come? Most definitely! 

CORPORATE CASUALTIES

IRREFUTABLE INFRINGEMENT:

By: Martin Creamer     29th September 2017 It appears that the Department of Mineral Resources (DMR), as the aberrant creator of Mining Charter III, is the only organisation that likes Mining Charter III. Influential labour unions dislike it, community organisations condemn it, the African National Congress has called on the DMR to take... 

IRREFUTABLE INFRINGEMENT:

POWER STRUGGLE

By: Darlene Creamer     29th September 2017 Amid genuine unhappiness at the state of governance at Eskom, the timing of the utility’s application for a 19.9% tariff hike could not have been worse. What’s more it comes at a time when most South African firms, but especially power-intensive ones, as struggling to make ends meet. Therefore,... 

POWER STRUGGLE

CHARTER THREE HIT FOR SIX:

By: Martin Creamer     22nd September 2017 Mineral Resources Minister Mosebenzi Zwane, who has upset all stakeholders with his Mining Charter Three, is facing a barrage of stakeholder resistance to his deleterious document. The Chamber of Mines has stopped unfettered Ministerial comment on Mining Charter Three until a full bench of judges... 

CHARTER THREE HIT FOR SIX:

TOUGH TO TICK

By: Darlene Creamer     22nd September 2017 Finance Minister Malusi Gigaba faces the most daunting Medium-Term Budget Policy Statement yet to be delivered by a South African finance minister. Not only has government’s credibility taken a nosedive under President Jacob Zuma, but there is now even a deep lack of trust surrounding the Finance... 

TOUGH TO TICK

FICTION AND FIBS IN FOREIGN FIELDS:

By: Martin Creamer     15th September 2017 Mineral Resources Minister Mosebenzi Zwane has been globe-trotting again instead of taking to mining stakeholders at home. He got away with distorting the realities of his aberrant Mining Charter Three at the LatAm Mining Cumbre in Chile, but thankfully he was prevented from dishing out more... 

FICTION AND FIBS IN FOREIGN FIELDS:

MISSING IN ACTION

By: Darlene Creamer     15th September 2017 The interventions made by certain corporations following the #GuptaLeaks, as well as the expulsion of Bell Pottinger by the UK’s Public Relations and Communications Association, stand in stark contrast to the total lack of action by South Africa’s National Prosecuting Authority. The National... 

MISSING IN ACTION

DEMOLITION DEPARTMENT

By: Martin Creamer     8th September 2017 If South African mining continues to be damaged the way it is, it is likely to disappear altogether. Already mining company equity risk has soared along with the cost of capital, which puts South Africa at an increasing disadvantage. Mining Charter Three, if not stopped, will the heaviest... 

DEMOLITION DEPARTMENT

NEW MERGER MIX

By: Darlene Creamer     8th September 2017 Cement producers PPC and Afrisam abandoned their most recent merger negotiations late last month. However. Afrisam insisted that it had not abandoned the consolidation plan entirely and that a third approach could yet be made. Bloomberg reports that AfriSam is in negotiations with an equity... 

NEW MERGER MIX

STRANGULATION OF MINING

By: Martin Creamer     1st September 2017 Mining Charter Three is already in the throes of strangling the mining industry, which provides virtually half of South Africa’s foreign currency from a quarter of its exports. Without these foreign currency earnings, South Africa’s participation in global trade stands to be decimated. Yet the... 

STRANGULATION OF MINING

CATASTROPHE IN THE MAKING

By: Darlene Creamer     1st September 2017 A recent Centre for Development and Enterprise (CDE) report confirmed just how big a crisis South Africa has in the area of youth unemployment. The CDE found that, the country’s 20-million citizens aged between 15 and 34, 7.5-million were not in employment, education or training at the end of... 

CATASTROPHE IN THE MAKING

LOCAL MINING NEEDS URGENT POLICY ATTENTION

By: Martin Creamer     25th August 2017 It is very sad that the mining industry is receiving toxic Mining Charter Three and mineral rights moratorium treatment at a time when the South African economy is in desperate need of stimulation. Even after more than a century of mining, it remains core to defining the entire South African... 

LOCAL MINING NEEDS URGENT POLICY ATTENTION

NUCLEAR NON-DIPLOMACY

By: Darlene Creamer     25th August 2017 The world in 2017 is already a troubled place, with rising inequality, uncertainty over the future of employment as technology displaces people, mass migration from conflict zones, lone-wolf terror attacks and signs of an increasing intolerance for difference and diversity. However, nothing is... 

NUCLEAR NON-DIPLOMACY

SOUTH AFRICA BURNS WHILE DMR FIDDLES

By: Martin Creamer     18th August 2017 The Department of Mineral Resources (DMR) is too inexperienced to realise that mining continues to define the South African economy, despite its errant behaviour. The lenience South Africa is showing to the department and its Ministry is doing South Africa no good at all. The DMR remains... 

SOUTH AFRICA BURNS WHILE DMR FIDDLES

DOMINO EFFECT

By: Darlene Creamer     18th August 2017 The most recent no-confidence vote may have failed to unseat Jacob Zuma as South Africa’s President, but the pressure is undoubtedly mounting on him and his faction. There is no question that the so-called #GuptaLeaks emails have been something of a game changer in throwing the faction off its... 

DOMINO EFFECT

VINDICTIVE MORATORIUM

By: Martin Creamer     11th August 2017 Mineral Resources Minister Mosebenzi Zwane and his Department of Mineral Resources (DMR) should be brought to book for the shocking hand they have dealt to an industry that remains core to defining the South African economy. The African National Congress is correct to instruct the Minister and... 

VINDICTIVE MORATORIUM

EATING AN ELEPHANT

By: Darlene Creamer     11th August 2017 The #GuptaLeaks emails have provided incredible insight into just how ambitious the Gupta family and its surrogates were in their efforts to secure mind-bogglingly large revenue steams from South Africa’s State-owned companies (SoCs). In the absence of a commission of inquiry, the Parliamentary... 

EATING AN ELEPHANT

MORONIC MORATORIUM

By: Martin Creamer     4th August 2017 One week the Department of Mineral Resources (DMR) signs a written undertaking not to apply the controversial Mining Charter Three and the next week it pulls the carpet from under that signed agreement and imposes a moratorium on the corporate and transactional activity that underpins the growth... 

MORONIC MORATORIUM

UNRAVELLING

By: Darlene Creamer     4th August 2017 News reports written since the media came into procession of the so-called #GuptaLeaks emails have been both confirmatory and alarming. Most startling has been the brazenness of the family and their surrogates in efforts to repurpose government policy and public procurement for their own... 

UNRAVELLING

LOOK WHO'S UNDER PRESSURE NOW

By: Martin Creamer     28th July 2017 Notwithstanding last week’s second gazetting, the South African mining industry has won the first round of its fight against the errant by Mineral Resources Minister Mosebenzi Zwane by getting him to provide a written undertaking that neither he nor his equally errant Department of Mineral... 

LOOK WHO'S UNDER PRESSURE NOW

POLITICAL HEADWINDS

By: Darlene Creamer     28th July 2017 On paper, many of the 14 points outlined in Finance Minister Malusi Gigaba’s stimulus plan appear to be supportive of the ambition lift South Africa out of it recession. However, business confidence is undoubtedly the key to any attempt at reigniting growth. Sadly, the current noxious political... 

POLITICAL HEADWINDS

CROSSING SWORDS

By: Martin Creamer     21st July 2017 The urgent interdict application brought by the Chamber of Mines to halt the implementation of Mining Charter Three is likely to succeed, says Webber Wentzel partner Rita Spalding. The Mineral Resources Ministry gazetted the controversial new charter on June 15 without the widespread stakeholder... 

CROSSING SWORDS

WEIGHING ON CONFIDENCE

21st July 2017 While entrepreneurs see opportunity where others see problems, investors nevertheless are notoriously shy of uncertainty. Sadly, South Africa’s toxic political environment has served to increase uncertainty levels, which, in turn, is holding back investor confidence. The North-West University... 

WEIGHING ON CONFIDENCE

LOSING OUT ON POTENTIAL ABUNDANCE

By: Martin Creamer     14th July 2017 South Africa has a mining industry that employs 495 000 people. It pays these employees more than R102-billion a year. It contributes R18-billion a year to the government in taxes. It has been a flywheel that has assisted economic development for 140 years. It is considerably more transformed... 

LOSING OUT ON POTENTIAL ABUNDANCE

WRONG HEADED

By: Darlene Creamer     14th July 2017 For South Africa to truly – and radically – address the triple scourge of poverty, inequality and unemployment, quality education is an essential ingredient. Therefore, it is more than a little disturbing to learn that the authorities may scrap mathematics as a compulsory requirement for... 

WRONG HEADED

ECONOMIC LUNACY

By: Martin Creamer     7th July 2017 What the Mineral Resources Ministry and its Department of Mineral Resources (DMR) are doing to the South African economy is tantamount to economic sabotage. The way the Ministry and the DMR are dictatorially going about Mining Charter Three has already dealt a severe blows. For the common good,... 

ECONOMIC LUNACY
6 7 8 9
10
11 12 13 14
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