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Legislative Environment News

Critical Mineral Strategy due soon - Minister

By: Esmarie Iannucci     21st March 2023 The federal government is hoping to deliver its new Critical Minerals Strategy in the first half of this year, Resources Minister Madeleine King told delegates at the first day of the Paydirt Battery Minerals Conference. It is envisioned that the Strategy would focus on the government’s vision... 

Safety environment that almost guarantees that people come first is a must, says Naidoo  

By: Martin Creamer     20th March 2023 Mine safety is absolutely essential. Stopping injury and fatality in mines just has to happen. How can South Africa achieve the zero harm that is needed? This was Mining Weekly’s opening question to Dilley Naidoo, the director of business development at Rifle-Shot Performance. (Also watch... 

Mining is striving for zero harm.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer.

Lithium development on track as Andrada production capacity increases 

By: Martin Creamer     20th March 2023 Technology metals mining and exploration company Andrada anticipates completion of its lithium bulk-testing pilot facility in June this year, the London AIM-quoted company said on Monday, March 20, when it provided fourth-quarter and 12 months to February 28 production updates for its Uis tin,... 

Andrada CEO Anthony Viljoen.
Andrada CEO Anthony Viljoen.

Exxaro well-advanced on own-mine renewables plan, says new energy MD 

By: Martin Creamer     17th March 2023 Coal miner Exxaro has advanced considerably on progressing the generation of renewables to supply electricity to its own mining operations, newly appointed Exxaro MD for Energy Leon Groenewald said in response to Mining Weekly during Thursday’s media conference at which the JSE-listed coal,... 

Exxaro's MD for Energy Leon Groenewald.
Exxaro's MD for Energy Leon Groenewald.

Coal miner Exxaro to build 68 MW solar power plant in Limpopo  

By: Martin Creamer     16th March 2023 Financial close is expected at the end of this month for construction in the second quarter of this year of a 68 MW solar power plant at a cost of between R1.52-billion and R1.56-billion, Exxaro CEO Dr Nombasa Tsengwa said during Thursday’s record-earnings presentation by the coal, energy and... 

Exxaro CEO Dr Nombasa Tsengwa.
Exxaro results presentation covered by Mining Weekly's Martin Creamer. Video Editing: Darlene Creamer.

ADGSM a last resort - Minister

By: Esmarie Iannucci     16th March 2023 Federal Resources Minister Madeleine King on Thursday said that the Australian Domestic Gas Security Mechanism (ADGSM) would be a ‘measure of last resort’ to ensure domestic gas supply. The government is currently working on reforms to the ADGSM, which would ensure Australia had sufficient gas... 

Exxaro earnings soar, final dividend down

By: Martin Creamer     16th March 2023 Coal, energy and ferrous markets company Exxaro reported strongly rising revenue in its year-end results for the year ended December 31, which boosted earnings before interest, taxes, depreciation and amortisation (Ebitda). The 41% higher revenue at R46.4-billion was the main driver for the 78%... 

Exxaro CEO Dr Nombasa Tsengwa.
Exxaro CEO Dr Nombasa Tsengwa.

Orion will now build smaller but get base metals into production far sooner 

By: Martin Creamer     15th March 2023 What South Africa’s base metals mining aspirant Orion Minerals has been trying to do over the last two years is to drive a very typical historic project financing arrangement for junior mining. This very typical historic project financing model involves getting banks in for between 60% and 70% of... 

Northern Cape base metals' hubs.
Northern Cape base metals' hubs.

Petra’s latest tender cycle seen as confirming improving diamond price trend 

By: Martin Creamer     15th March 2023 Diamond mining and marketing company Petra has sold $72.1-million worth of rough diamonds in its fourth tender cycle, which is 12.5% up on the third tender's like-for-like prices and which is viewed as confirming an improving diamond price trend. Petra CEO Richard Duffy ascribed the positive... 

Petra Diamonds CEO Richard Duffy.
Photo by Creamer Media
Petra Diamonds CEO Richard Duffy.

Peru mining exports fall almost 20% year/year in January amid protests

By: Reuters     15th March 2023 Peruvian mining exports dropped 19.8% in January compared to the same month last year, the sector's business chamber said on Tuesday, in the wake of devastating protests that have rocked the country in recent months. Total mineral exports in the month totaled $2.473-billion dollars compared to... 

NUM opposes Amplats’ ‘migration’ from MHSA to OHSA

By: Darren Parker     14th March 2023 The National Union of Mineworkers (NUM) has condemned platinum group metals miner Anglo American Platinum’s (Amplats’) “migration” from the Mine Health & Safety Act (MHSA) to the Occupational Health and Safety Act (OHSA) at some of its operations, calling it unlawful. The union states that... 

waterval smelter workers

Banking has crucial role to play in enabling mining to transition to clean energy, says Nedbank CIB 

By: Martin Creamer     14th March 2023 The banking sector has a crucial role to play in enabling mining companies to transition to clean energy fully, says Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo. “Innovative funding structures and sustainable-finance solutions can help... 

Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.
Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.

Zimbabwe’s ban on lithium ore exports triggers stockpile buildup

By: Bloomberg     14th March 2023 Zimbabwe’s ban on lithium ore exports has resulted in stockpiles of the key battery metal building up in the southern African country. The ban – introduced by the government last December in a bid to encourage local processing of the metal – has resulted in two-million tons of ore being... 

The Arcadia lithium mine in Zimbabwe
Photo by Bloomberg
The Arcadia lithium mine in Zimbabwe

Work set to resume at Simandou iron ore after Guinea, shareholders agree terms

By: Reuters     14th March 2023 Guinean authorities and shareholders have agreed on the terms of a joint venture to mine Simandou, one of the world's largest deposits of iron-ore, paving the way for work to resume this month, the presidency said on Monday. Guinea's transitional government ordered work to stop last July to try... 

Re-pursue exploration to help re-build South Africa’s economy, says business booster  

By: Martin Creamer     13th March 2023 Let us re-pursue the exploration investment that catalysed South Africa’s economic growth more than a century ago as a means of helping to rebuild South Africa’s struggling economy. That is among the ardent messages put over by mining sector performance enhancer Dilley Naidoo, the the director of... 

Dilley Naidoo, Director of Business Development, Rifle-Shot Performance.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Namibian High Court sets aside Mining Ministry’s decision not to renew Haib licence

By: Donna Slater     13th March 2023 The High Court of Namibia has rendered its judgment in a court case brought by copper explorer and developer Deep-South Resources to renew its license to explore the Haib copper project, consequently reviewing the case and setting aside the decision of the Ministry of Mines and Energy of Namibia... 

Pan African maximises rand gold price to secure full funding for Mintails project 

By: Martin Creamer     13th March 2023 Funding for the R2.5-billion construction of the Mintails tailings project has been completed, with Pan African Resources managing to capitalise on the current attractive rand gold price to secure the final component of the full funding package without any dilution to its shareholders. “We’re... 

Mintails' North Sand gold dump.
Mintails' North Sand gold dump.

We stand ready to support renewable energy, says Standard Bank 

By: Martin Creamer     10th March 2023 Standard Bank says it is at the ready to support renewable energy and infrastructure projects. The bank, which this week delivered record 37%-higher headline 2022 earnings of R34.2-billion and paid the highest dividend in its 161-year history, expresses the view that meaningful structural reform... 

CEO Sim Tshabalala.
CEO Sim Tshabalala.

Imports, lack of legislative support curtail sector

By: Cameron Mackay     10th March 2023 The South African mining sector is a challenging sector for valves suppliers to operate in, as the valves used in the sector have become highly price-oriented. Industry body South African Valve and Actuator Manufacturers Association (Savama) executive committee member Julius Frauendorf says this... 

Job losses at Beatrix 4 shaft, Kloof 1 plant minimised, Sibanye-Stillwater reports

By: Martin Creamer     9th March 2023 Precious and green metals mining company Sibanye-Stillwater said on Thursday that it had completed consultations to minimise job losses in restructuring its South Africa gold operations. The consultation took place under Section 189A (S189) of the Labour Relations Act, 66 of 1995, amid ongoing... 

Sibanye-Stillwater CEO Neal Froneman.
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman.

Another just energy transition drive hits high spots in form of Just Green AfrH2ica 

By: Martin Creamer     9th March 2023 Yet another just energy transition initiative has come flying out of its starting blocks in the form of Just Green AfrH2ica, the promoter of the just energy transition to green hydrogen in Africa, the continent with the distinctive potential to benefit exponentially from low-cost renewable energy... 

Another just energy transition initiative has come flying out of its starting blocks in the form of Just Green AfrH2ica.
Another just energy transition initiative has come flying out of its starting blocks in the form of Just Green AfrH2ica.

A$15bn NRF Bill advances

By: Esmarie Iannucci     9th March 2023 The federal government’s National Reconstruction Fund (NRF) Corporation Bill has passed the House of Representatives. The Bill will establish the NRF which will invest A$15-billion across priority areas of the economy including renewables and low emissions technologies, medical science,... 

Platinum-based hydrogen fuel cell vehicles forecast to be TCO unrivalled by 2026/7 

By: Martin Creamer     8th March 2023 The total cost of ownership  (TCO) of platinum-based hydrogen fuel cell electric vehicles (FCEVs) is forecast to be less than that of battery electric vehicles (BEVs) by 2026, and less than that of internal combustion engines (ICEs) by around 2027, with an overall estimated 50% FCEV cost decline... 

Hydrogen fuel cell electric vehicles are forecast to take the competitive high road.
Hydrogen fuel cell electric vehicles are forecast to take the competitive high road.

Platinum market back in contango, big improvement of net investment expected – WPIC 

By: Martin Creamer     8th March 2023 The World Platinum Investment Council (WPIC) today publishes its Platinum Quarterly for the fourth quarter of 2022, full year 2022, and a revised forecast for 2023. After two years of significant surpluses the platinum market is forecast to move to a material deficit in 2023. The change from the... 

World Platinum Investment Council Director of Research Ed Sterck.
WPIC Director of Research Ed Sterck interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Important responsibility for new Minister of Electricity, but reshuffle questionable – commentators

By: Tasneem Bulbulia     7th March 2023 There are some positives in the Cabinet reshuffle announced by President Cyril Ramaphosa, with some appointments having been welcomed by industry organisations; however, many were concerned by underperforming Ministers being kept on and some reassigned, changes not being sufficiently decisive and... 

Mantashe affirms commitment to coal as Greenpeace disrupts his Indaba speech 

By: Irma Venter     7th March 2023 Greenpeace Africa on Tuesday disrupted Minister of Mineral Resources and Energy Gwede Mantashe’s opening speech at the Africa Energy Indaba in Cape Town by staging a silent protest in front of the podium. Five protestors held up yellow placards that declared Coal = Corruption, Coal = Loadshedding... 

Image of Minister of Mineral Resources and Energy Gwede Mantashe's speech being disrupted at the 2023 Africa Energy Indaba
Greenpeace Africa activists during Gwede Mantashe's speech at the Africa Energy Indaba

RBM ramps up measures to deter theft, other crimes

By: Darren Parker     7th March 2023 Minerals sands mining company Richards Bay Minerals (RBM), in KwaZulu-Natal, has taken robust measures to enhance its internal controls and prevent any further illegal activity within the organisation. This follows after a series of criminal activities, including product theft, severely... 

Canada says working to ease permitting process for mining companies

By: Reuters     7th March 2023 Canada is working to ease the permitting process for mining companies so that it does not take several years, the natural resources minister told a conference on Monday. Canada could consider tax reform offering incentives for investment in clean energy - similar to what the United States has... 

Natural Resources Minister Jonathan Wilkinson participated in the Canada Investment Forum at PDAC.
Natural Resources Minister Jonathan Wilkinson participated in the Canada Investment Forum at PDAC.

Turn energy, logistics threats into opportunities, African Rainbow Minerals CEO urges  

By: Martin Creamer     6th March 2023 South Africa's energy and logistics threats should be turned into opportunities, says African Rainbow Minerals (ARM) CEO Mike Schmidt. Speaking to Mining Weekly in a Zoom interview following ARM’s presentation for 40% higher headline earnings at R5 171-million, Schmidt urged the country to never... 

African Rainbow Minerals (ARM) CEO Mike Schmidt.
African Rainbow Minerals CEO Mike Schmidt speaking to Mining Weekly's Martin Creamer. Video editing: Darlene Creamer

African Rainbow Minerals to deliver early ounces from Bokoni platinum mine 

By: Martin Creamer     6th March 2023 Diversified mining company African Rainbow Minerals (ARM) has invested R1-billion of capital to deliver early ounces at the Bokoni platinum group metals (PGMs) mine, the company said on Monday when the JSE-listed company delivered 40%-higher headline earnings to R5 171-million in the six months... 

ARM's growth outlook.
ARM's growth outlook.

African Rainbow Minerals declares R3bn interim dividend 

By: Martin Creamer     6th March 2023 The headline earnings of African Rainbow Minerals rose by 40% to R5 171 million in the six months to December 31, when the JSE-listed company maintained a robust financial position, with net cash of R9 548-million. An interim dividend of R14 a share amounting to R3 145-million has been declared... 

African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.

Canada’s crackdown on Chinese funding is hurting miners, Friedland says

By: Bloomberg     6th March 2023 Canada’s crackdown on Chinese investment in critical minerals will make it harder for miners to produce the metals needed for the global energy transition, according to Ivanhoe Mines founder Robert Friedland. “We’re going to be deprived of all this Chinese capital in all these junior mining... 

Robert Friedland speaking at the yearly Prospectors and Developers Association of Canada gathering in Toronto on Sunday.
Robert Friedland speaking at the yearly Prospectors and Developers Association of Canada gathering in Toronto on Sunday.

‘It shouldn’t take 15 years to open a mine’: Ontario proposes mines act changes

By: Creamer Media Reporter      6th March 2023 The Ontario government has introduced legislation to amend the Mining Act that, if passed, will attract more investment in the province’s mining sector while strengthening the made-in-Ontario critical minerals supply chains for batteries, electric vehicles, telecommunications, pharmaceuticals and... 

Miners grow anxious as Canada tightens foreign investment rules

By: Reuters     6th March 2023 Junior mining companies hoping to produce lithium, nickel and other green energy metals are worried that Canada's crackdown on some overseas investors may limit their ability to raise funds for mines and related facilities. Ottawa last fall proposed bolstering its Investment Canada Act (ICA) to... 

Hydrogen economy continuing to build, Implats’ Sifiso Sibiya reports 

By: Martin Creamer     3rd March 2023 Momentum in the hydrogen economy is continuing to build, Implats group executive refining and marketing Sifiso Sibiya reported when he presented an Implats slide outlining global market trends for the platinum group metals (PGM) of the Johannesburg Stock Exchange-listed company, which this week... 

Implats group executive refining and marketing Sifiso Sibiya.
Implats group executive refining and marketing Sifiso Sibiya.

UK regulator launches enforcement probe into LME nickel trading halt

By: Reuters     3rd March 2023 British financial regulators took weighty action on Friday, including a probe into possible misconduct, over the decision last year by the London Metal Exchange (LME) to halt nickel trading and cancel billion of dollars of trades. The world's largest and oldest metals market annulled all nickel... 

Implats unable to stem inflation tide as well as hoped, says CEO  

By: Martin Creamer     3rd March 2023 Platinum group metals mining and marketing company Implats was unable to stem the high global inflation tide in the six months to December 31. Half-year group unit costs per six element (6E) ounce rose 15% to R19 346/oz. Fuel inflation hit Implats' Canada operation at the sky-high level of 71%.... 

Fuel inflation hit Implats' Canada operation at the sky-high level of 71%.
Implats presentation of half-year results covered by Mining Weekly's Martin Creamer. Video editing: Darlene Creamer.

Implats reports big response to request for information on wheeled renewables  

By: Martin Creamer     2nd March 2023 Platinum group metals mining and marketing company Impala Platinum (Implats) has had a major response to its request for information (RFI) for electricity through wheeling from renewable energy sources to its South African operations. “I must say the response was overwhelming, given the other... 

Dr Tsakani Mthombeni
Implats half-year results covered by Mining Weekly’s Martin Creamer. Video editing: Darlene Creamer.
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