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Legislative Environment News
South Africa has 22 operating manganese mines – AmaranthCX 
By: Martin Creamer Updated 7 hours ago South Africa has 22 operating manganese mines, with only four of them owned in part by Johannesburg Stock Exchange (JSE)-listed companies, AmaranthCX director Paul Miller has calculated. All are in the Northern Cape, except for four small mines well outside the Northern Cape in the North West,... →
Zambia chamber of mines says double taxation hurting investment
By: Reuters 28th September 2020 Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and... →
First Majestic considers next steps in Mexico tax dispute
By: Marleny Arnoldi 28th September 2020 Canadian miner First Majestic Silver said on Friday it was considering its legal plan of action going forward in an ongoing tax dispute with Mexico. The dispute with the Mexican tax authority relates to a 2012 advance pricing agreement (APA) that was granted to a subsidiary of the company,... →
Green hydrogen economy growing rapidly – Hatch
By: Martin Creamer 25th September 2020 At Glencore’s Raglan Mine, in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. During periods of low wind power, a fuel cell produces electricity from the stored hydrogen, and within the facility are also innovations such as a battery... →
Glencore's Raglan Mine in Canada.
LNG can help reduce costs, emissions
25th September 2020 The discovery and development of natural gas projects in northern Mozambique over the past decade could have a significant impact on the economic landscape of Southern Africa, says analytical services provider Deloitte. The group has released a series of reports to examine the different sectors... →
STORAGE INFRASTRUCTURE LNG requires specialised infrastructure to manage. It is vital that southern Africa has the capability to move LNG from ship-based transport to land-based storage
Mining can play active role in Covid-19 recovery
By: Cameron Mackay 25th September 2020 Multinational professional services network Deloitte senior partner Andrew Lane emphasises the importance of the private sector, particularly the local mining sector, in addressing socioeconomic challenges in the wake of the Covid-19 pandemic. "The private sector needs to take a proactive role in... →
Online format expands global presence of Joburg Indaba
By: Cameron Mackay 25th September 2020 Owing to the impact of Covid-19 and the subsequent physical distancing regulations, yearly mining conference the Joburg Indaba will be hosted as an online discussion on October 7 and 8. Event organisers Resources 4 Africa CEO Paula Munsie states that this will enable industry players, who were... →
Green hydrogen study integrating SADC ahead of trillion dollar market emergence 
By: Martin Creamer 23rd September 2020 A German-funded project to develop a green hydrogen atlas across Southern Africa is integrating the Southern African Development Community (SADF) region ahead of the projected opening up of a trillion dollar market going into the future. Funded €5.7-million by the Germany Federal Ministry of... →
Russian lawmakers support tax hike for mining companies, oil industry at first reading
By: Reuters 22nd September 2020 Russian lawmakers on Tuesday supported a plan by the finance ministry to increase taxes for some mining companies and the oil industry, in the first of three readings in the State Duma, Russia's lower house of Parliament. Moscow is trying to plug holes in its budget and announed the plan, which... →
Authorities laudably supportive of grid-tied Pan African solar project – coordinator
By: Martin Creamer 22nd September 2020 The authorities have been laudably supportive of the R150-million grid-tied photovoltaic solar project that is to be built to supply electricity to Pan African Resources’ highly successful Elikhulu tailings retreatment plant in Evander, Mpumalanga. The nigh-10 MW solar plant, which is expected to... →
Elikhulu tailings retreatment plant at Evander, in Mpumalanga.
AngloGold reinstates guidance on growing certainty
By: Martin Creamer 21st September 2020 Gold mining company AngloGold Ashanti on Monday reinstated annual guidance on improved operating certainty amid the Covid-19 pandemic and in anticipation of the conclusion of the sale of its South African assets at the end of this month. All conditions precedent have been met with respect to the... →
High Court ruling underscores requirement for mining right applicants to consult community
By: Donna Slater 18th September 2020 A recent High Court ruling underscores the more stringent requirements in recent amendments to the Mineral and Petroleum Resources Development Act (MPRDA) for mining right applicants to consult with community members, says law firm Webber Wentzel. The firm points out that, on September 11, the... →
Local green methanol synthesis making headway
By: Tracy Hancock 18th September 2020 The Hydrogen South Africa (HySA) Infrastructure Centre of Competence (CoC), co-hosted at the Council for Scientific and Industrial Research (CSIR) and North-West University, is designing a multi-litre-scale green methanol production unit that will be fabricated next year. HySA Infrastructure is... →
Coal can reignite SA economy
18th September 2020 The Covid-19 pandemic has had a devastating impact on the South African economy, which already had record high unemployment prior to the pandemic; however, the coal-mining sector, could aid the revival of the economy, investment company Menar MD Vuslat Bayoglu stated last month. He was speaking... →
Banks reluctant to fund coal in Africa
18th September 2020 Despite huge advances in clean coal technologies, an abundance of coal in the South African Development Community (SADC) region and Southern Africa’s vast energy needs, most of South Africa’s major banks, in step with those in the developed West, are assessing their willingness to fund future... →
Egoli likely to be S Africa’s least complicated underground gold mine – Pan African
By: Martin Creamer 17th September 2020 What is expected to be South Africa’s least complicated underground gold mine is on the way at Evander, Mpumalanga, in the form of the Egoli gold project. Planning to bring the low-capital quick-return project to life is Pan African Resources, the London-, Johannesburg- and New York-listed... →
Solar to provide most of gold plants’ daytime power – Pan African
By: Martin Creamer 16th September 2020 The 10 MW solar electricity plant that Pan African Resources will construct on site at its Elikhulu gold-from-tailings plant next year at a cost of R150-million will take care of most of Elikhulu’s daytime power requirements. This is the first phase of solar power generation at Evander. Pan... →
Russia considers mineral extraction tax rise, Kremlin says no decision
By: Reuters 16th September 2020 Russia is considering tripling the mineral extraction tax on metals and fertiliser producers as Moscow seeks ways to raise revenues, industry sources told Reuters on Wednesday, although the Kremlin said no decision had yet been taken. The tax rise under review, which would affect firms including... →
Pan African proposes record final dividend as headline earnings surge
By: Martin Creamer 16th September 2020 Gold mining company Pan African on Wednesday proposed a record final dividend after headline earnings surged 93% and net cash generated by operating activities rose by 42%. Mining Weekly can report that, in the 12 months to June 30, gold produced by the London-, Johannesburg- and New York-listed... →
Pan African CEO Cobus Loots
Court order affords interested, affected persons automatic access to mining right applications
By: Marleny Arnoldi 15th September 2020 The Department of Mineral Resources and Energy (DMRE) has welcomed an order handed down by the High Court in Pretoria related to access to information and how it may be obtained. The court declared that interested and affected parties, as contemplated by the Mineral and Petroleum Resources... →
Platinum’s new sweeter spot elicits multiplicity of optimistic analyst views
By: Martin Creamer 14th September 2020 The new sweeter spot that platinum group metals has entered drew a multiplicity of mainly optimistic viewpoints from analysts attending the virtual PGM Industry Day. Chaired by business development manager Rand Merchant Bank Henk de Hoop, the viewpoints were provided by Standard Chartered Bank... →
(From left top) Simon Kendall, Patrick Mann, Mandi Dungwa. (From left bottom) Henk de Hoop, Suki Cooper.
Platinum group metals patenting their way into battery EV space
By: Martin Creamer 14th September 2020 Platinum Group Metals CEO R Michael Jones does not let grass grow under his feet. His parting shot to moderator Bernard Swanepoel at the virtual 2020 PGMs Industry Day last Wednesday was that platinum was on its way into battery electric vehicles as a battery metal. “If you're a great EV... →
Congo says it will reimburse VAT to mining companies after audit
By: Reuters 14th September 2020 Congo said on Saturday it will reimburse value-added tax payments to mining companies operating in the country following an audit to determine how much it owes them, after a backlash over an earlier decision to stop payments. Africa's top copper producer has suspended the VAT on mining imports... →
Hydrogen, platinum fund sets up shop in South Africa with dollars to invest
By: Martin Creamer 11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... →
Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.
Pandemic puts strain on Zambian mining sector
By: Mc'Kyla Nortje 11th September 2020 Amid the challenges facing the Zambian mining industry, partially because of Covid-19, government has committed to waiving penalties and interest on the late payment of taxes, explains advisory firm KPMG Zambia tax partner Michael Phiri. The Central Bank has also set aside about R9-million, which... →
Complex legislation may hinder investment
By: Mc'Kyla Nortje 11th September 2020 Despite the Zambian government’s programme to diversify the economy – into such sectors as tourism and agriculture – the mining and natural resources sector, particularly the copper mines, remain the most substantial potential contributor to growth and development in Zambia, says law firm Beech... →
Watch out lithium, platinum's eyeing your battery space, says PTM
By: Martin Creamer 10th September 2020 Electric vehicles (EVs) are synonymous with lithium and fuel cell electric vehicles (FCEV) are synonymous with platinum group metals (PGMs), but will the twain meet? They certainly will if Toronto- and New York-listed Platinum Group Metals (PTM) CEO R Michael Jones has anything to do with it.... →
Sandra du Toit and R Michael Jones (top) and Bernard Swanepoel (below).
Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council
By: Martin Creamer 9th September 2020 Instead of being the $11-billion-a -year type industry that it is today, the platinum business has the potential to be a $35-billion-a-year industry by 2050, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Baxter made this statement in response to a question put to him during a... →
Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri
By: Martin Creamer 9th September 2020 Promoting the hydrogen economy should be South Africa’s number one priority, Royal Bafokeng Platinum CEO Steve Phiri said on Wednesday. Speaking during a panel discussion on the current state of the platinum group metals industry at the virtual 2020 PGMs Industry Day, Phiri said that this... →
Steve Phiri, Andries Rossouw (from left top) and Natascha Viljoen, Nico Muller (from left bottom)
Prize potentially large in platinum fuel cell and hydrogen growth – prof
By: Martin Creamer 8th September 2020 Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view of E4tech director Professor Dr David Hart of Switzerland, expressed in an address to a fuel cell webinar hosted by Nedbank CIB on Tuesday. (Also watch... →
Hydrogen economy elevating platinum as store-of-value precious metal – WPIC
By: Martin Creamer 8th September 2020 The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today. The latest edition of WPIC’s Platinum Quarterly states that an evolving global sea-change in the environment debate may also be at play in... →
Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC
By: Martin Creamer 8th September 2020 Gold grabs the headlines and platinum less so but it is interesting to note that the platinum price has surged by a far bigger percentage than gold. Increased global risk due to the Covid-19 pandemic has driven strong investor demand for gold as a risk hedge, with gold ETF holdings up over 20%,... →
Qld's mining amendments take effect
By: Esmarie Iannucci 7th September 2020 The Queensland government has announced new mining reforms aimed at encouraging investment in the sector. Mines Minister Dr Anthony Lynham on Monday said that under the Mineral and Energy Resources and Other Legislation Amendment Act 2020, the government has introduced measures to strengthen the... →
Implats ups capex guidance to R6bn-plus for new financial year
By: Martin Creamer 4th September 2020 Platinum group metals mining and marketing company Implats, which generated free cash flow of R14.4-billion in the 12 months to June30, is forecasting capital expenditure (capex) of between R6-billion and R6.8-billion in the new 2021 financial year. This is well up on the capex of R4.5-billion in... →
QRC calls for royalty stability
4th September 2020 The Queensland Resources Council (QRC) has again called on the state government to commit to a decade of royalty rate stability in order to foster investment in the sector post Covid-19. The industry has also called on the government to “dramatically improve” its regulatory processes and cut... →
Company patents extraction method
4th September 2020 Canadian-listed rare earth clean technologies developer Geomega Resources’ patent application US15/578,498 titled, ‘A system and a method for metallurgical extraction of rare earth elements (REE) and niobium’, was approved by the United States Patent and Trademark Office in June. →
Challenges remain as industry forges ahead with transformation
By: Mamaili Mamaila 4th September 2020 It is important to acknowledge that the regulatory environment for local mining companies has been instrumental in progressing transformation and inclusion of women in the mining sector, integrated resources business Lurco Group says. →
LEE STOKES It is important for us to note that there still are industry barriers that affect the advancement of women in mining
Lagging platinum being actively promoted – Implats
By: Martin Creamer 3rd September 2020 Demand for platinum, the price laggard of the high-flying platinum group metals basket, is being actively promoted on several fronts, Implats reported on Thursday. Following the company’s presentation of stellar cash-generating and dividend-yielding financial results, which featured a gross... →
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