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Legislative Environment News
ELB’s delisting-linked offers send up share price
By: Martin Creamer 1st July 2020 The board of directors of ELB on Wednesday made delisting-linked offer to its shareholders, which saw its share price rise. By late afternoon, the JSE-listed company’s price had risen by 54.17% to R1.85 a share. The capital equipment and engineering solutions group proposed a transaction to... →
Arnot OpCo concludes Section 189 process affecting 1 100 employees
By: Martin Creamer 1st July 2020 Coal mining company Arnot OpCo has completed a Section 189 process, affecting 1 100 of its employees. Exxaro Resources in February entered into a transfer-of-business agreement with Arnot OpCo, transferring all its assets and liabilities to Arnot OpCo as a going concern. →
Qld manslaughter legislation takes effect
By: Esmarie Iannucci 1st July 2020 New laws will come into effect in Queensland on Wednesday, with executives facing up to 20 years’ jail if the state’s resources sector workers die because of their criminal negligence, Mines Minister Dr Anthony Lynham said. He noted that the new legislation would better protecting the state’s 66... →
R10m Covid testing lab unveiled at De Beers' Venetia diamond mine
By: Martin Creamer 1st July 2020 De Beers Venetia Mine has unveiled a R10-million coronavirus testing laboratory that will be used to check the diamond mines’ employees and contractors for Covid-19. Discussion with the Department of Health is also under way on assisting with the government’s screening efforts in the mine’s... →
Platinum group metals in pole position to benefit from global decarbonisation thrust 
By: Martin Creamer 1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... →
Environmental groups propose tailings dam safety standards
By: Reuters 30th June 2020 Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday. The recommendations, which differ from standards to be... →
Pleasantly surprised by productivity during lockdown – Babcock Ntuthuko Engineering
By: Martin Creamer 30th June 2020 Engineering company Babcock Ntuthuko Engineering has been pleasantly surprised by the productivity and agility that the lockdown has afforded it as an engineering house engaged in the energy sector. Babcock Ntuthuko Engineering’s major industrial clients include State electricity utility Eskom... →
Fairtree takes 5%-plus of Harmony Gold
By: Martin Creamer 29th June 2020 South African investment management company Fairtree Asset Management now holds more than 5% of the ordinary shares of gold mining company Harmony Gold, the company stated on Monday. The Cape Town-based Fairtree, which describes itself as a ‘long-only’ investment manager, has more than... →
Mponeng gold mine.
Increased continued loan support for Orion confirmed
By: Martin Creamer 29th June 2020 Private equity group Tembo Capital Mining Fund II LP on Monday confirmed its increased continued support of Orion Minerals through a loan facility boost. The Sydney- and Johannesburg-listed Orion is developing the Prieska copper-and-zinc project in the Northern Cape. →
Intensive communication playing key role in curbing Covid at South Deep
By: Martin Creamer 29th June 2020 Way ahead of any indication of national lockdown, South Deep gold mine started an intensive and focused communication awareness campaign to shield its people from the coronavirus pandemic. It placed a lot of reliance on leadership across the board, going down to basic family leadership, and put... →
SA Inc must act now to take ownership of battery metals value chain – Bushveld
By: Martin Creamer 26th June 2020 Bold action is needed by South Africa Inc to take ownership of the significant potential share of the global battery metals market open to it, says Bushveld Minerals CEO Fortune Mojapelo. Speaking to Mining Weekly following this week’s presentation by the company of solid 2019 financial results... →
Refinery prepares for ramp-up
By: Mamaili Mamaila 26th June 2020 In line with the Level 4 and Level 3 regulations announced by South Africa’s Cooperative Governance and Traditional Affairs Minister Dr Nkosazana Dlamini-Zuma, precious metals refining and smelting complex Rand Refinery is preparing to ramp up its operations. →
Tanzanian miner expands to Kenya
By: Mamaili Mamaila 26th June 2020 Aim-listed Tanzanian gold mining company Shanta Gold has acquired TSX-listed Barrick Gold Corporation’s Acacia Exploration subsidiary, in Kenya. →
Nature of mining thwarts pandemic response
By: Mamaili Mamaila 26th June 2020 As almost all of South Africa’s gold mines are underground operations, the lockdown essentially brought this sector to a halt for some time, says independent consulting firm of engineers and scientists SRK Consulting. →
Gold secure in times of crisis – WGC
By: Mamaili Mamaila 26th June 2020 The inflows into the gold exchange-traded fund products are indicative of the strength of gold’s “safe haven” appeal. →
WGC notes increased investor interest
By: Mamaili Mamaila 26th June 2020 The strength of investor interest in gold, particularly once Covid-19 lockdowns became more widespread, is clearly evident in the demand from institutions and investment professionals for gold-backed exchange-traded funds, says gold industry market development organisation the World Gold Council... →
Time to ditch the rand for gold – SA Bullion
By: Mamaili Mamaila 26th June 2020 In the first quarter (Q1) of 2020, South Africa was subjected to a sovereign debt rating downgrade by ratings agency Moody’s, SA Bullion MD and analyst Hilton Davies notes. →
Lesotho opens more border posts for return of foreign mineworkers
By: Martin Creamer 25th June 2020 Lesotho has opened up more border posts to speed up the return to work of locked-down foreign mineworkers. As reported by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested. →
Six mineworkers die from Covid-19 – Minerals Council
By: Martin Creamer 25th June 2020 Six mineworkers have succumbed to coronavirus since the start of the pandemic, Minerals Council South Africa said on Thursday. Back at work so far and screened daily are 272 770 mineworkers, on which 16 994 tests have been conducted, yielding 1 796 positive Covid cases and 666 recoveries,... →
Minerals Council looks forward to more detail following supplementary budget
By: Marleny Arnoldi 25th June 2020 The Minerals Council South Africa says Finance Minister Tito Mboweni’s Supplementary Budget speech expressed the right perspectives on the management of the country’s deepening fiscal crisis, but lacked detail on the steps that have to the taken to rescue the economy. “It is important to... →
China now a net importer of vanadium – Bushveld Minerals 
By: Martin Creamer 23rd June 2020 China is now a net importer of vanadium, a situation which is expected to persist, Bushveld Minerals CEO Fortune Mojapelo said on Tuesday. Speaking at question-and-answer time after presenting a solid set of financial results for 2019, Mojapelo said in response to SP Angel mining analyst John... →
Infrastructure investment only way to propel economy forward – New Development Bank
By: Martin Creamer 23rd June 2020 The only way for South Africa to propel the South African economy forward is to invest further in productive infrastructure, New Development Bank VP Leslie Maasdorp said on Tuesday. Maasdorp was speaking during a virtual Sustainable Infrastructure Development Symposium of South Africa (Sidssa),... →
New Development Bank VP Leslie Maasdorp
Bushveld retains vanadium production guidance
By: Martin Creamer 23rd June 2020 While Vametco and Vanchem’s production were disrupted by the 35-day nationwide Covid lockdown, London Aim-listed Bushveld Minerals is retaining the previously announced guidance, provided there are no more pandemic stoppages. Bushveld Minerals is a vertically integrated primary vanadium producer... →
Australia sacred sites seen remaining under threat after mine law reform
By: Bloomberg 23rd June 2020 Looming legislative changes aimed at boosting protection for Aboriginal heritage sites in Western Australia are unlikely to prevent their destruction or stymie expansion by mining companies that are under intense pressure over their preservation practices. Rio Tinto group’s decision last month to... →
Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures
By: Martin Creamer 22nd June 2020 Despite being a global pandemic with hugely negative health consequences, Covid-19 is an important catalyst for the take-off of the hydrogen economy, in which platinum plays a fundamental role. “There’s an opportunity now to capitalise on a new wave on interest in hydrogen,” says AP Ventures LLP... →
Glencore says will cooperate with investigation by Swiss
By: Martin Creamer 20th June 2020 Diversified mining company Glencore stated at the weekend that it would cooperate with an investigation opened into it by the office of the attorney general of Switzerland. Glencore stated in a release to Mining Weekly that it had been informed by the office of the attorney general that it had... →
Glencore head office.
Glencore, Merafe begin Section 189 consultation process
By: Martin Creamer 19th June 2020 The alloys division of Glencore Operations South Africa and Merafe have commenced a consultation process in terms of sections 189 and 189A of the Labour Relations Act (LRA) with employee representatives and recognised trade unions, the JSE-listed Merafe Resources stated on Friday. Mining Weekly... →
The Lion Ferrochrome Smelter
New mine rehab Bill before Qld Parliament
By: Esmarie Iannucci 19th June 2020 Legislation has been introduced into the Queensland Parliament to further improve on its mine rehabilitation regulations and improve financial assurance outcomes for the state’s resources sector. Environment Minister Leeanne Enoch said the Environmental Protection and Other Legislation... →
Victorian onshore gas production green lit
By: Esmarie Iannucci 19th June 2020 The Petroleum Legislation Amendment Bill 2020 was passed through the Victorian Legislative Council this week, paving the way for a restart of the onshore conventional gas industry. The onshore conventional gas restart follows three years of detailed scientific investigations by the Victorian Gas... →
Manganese remains resilient
By: Tracy Hancock 19th June 2020 Manganese prices remained resilient in the first quarter of 2020, even as Chinese imports fell by 18%, with in-country logistics impacted on by the country’s Covid-19 lockdown, says natural resources developer South32 CEO Graham Kerr. He was speaking to delegates of the BofA Securities 2020... →
DRC poses many challenges, but is worth investing in
By: Donna Slater 18th June 2020 Investors in mining projects in the Democratic Republic of Congo (DRC) need to prioritise compliance with local mining laws and ensure community involvement and upliftment, panellists have said during a session at the virtual DRC Mining Week. During the June 17 session, titled 'How can existing... →
South Africa’s development finance system facing strategic challenge – IDC
By: Martin Creamer 18th June 2020 South Africa’s development finance system is facing a strategic challenge, says IDC CEO TP Nchocho. Nchocho and some members of the IDC executive team conversed with Mining Weekly in a Zoom interview to among other things, reinforce the IDC’s key messages, address policy and strategic questions... →
IDC CEO TP Nchocho
Land Bank raising R3bn liquidity facility, restructuring debt
By: Martin Creamer 18th June 2020 The State-owned Land and Agricultural Development Bank of South Africa announced in an update on liquidity that it would be raising R3-billion and restructuring its debt. The bank, headed by CEO Ayanda Kanana, stated in a stock exchange news service (SENS)notice that considerations on... →
Land Bank raising R3-billion liquidity facility.
Tshipi profitable throughout Covid lockdown – Jupiter
By: Martin Creamer 17th June 2020 The Tshipi Borwa manganese mine in South Africa’s Kalahari manganese field has remained profitable and cash positive throughout the Covid-19 lockdown, Sydney-listed Jupiter Mines stated on Wednesday. Overall mining at Tshipi Borwa, which continues to be in a favourable position owing to its... →
Implats reiterates support for Waterberg project as 15% shareholder
By: Martin Creamer 17th June 2020 Platinum group metals (PGM) mining and marketing company Implats, which on Wednesday reiterated its support for Waterberg development project and its joint venture partners, also expressed its intention to remain an active participant in the project at its current 15% shareholding level. This... →
Panel of experts needed to oversee future of struggling Alexkor
By: Martin Creamer 17th June 2020 A panel of experts should be formed to properly oversee the future of the struggling State-owned diamond mining company Alexkor, and to unlock the greater long-term potential of northern Namaqualand. That is the view of Sable Metals & Minerals CEO James Allan, following the briefing of the... →
Sable Metals & Minerals CEO James Allan
Wescoal develops SOPs, COPs for Covid, expects upcoming loss
By: Martin Creamer 15th June 2020 Coal-mining and trading company Wescoal on Monday voluntarily updated shareholders on its operations, strategic projects and milestones as well as its quarterly production and sales figures from its operating assets. Wescoal stated that it was in the process of finalising its results for the year... →
More border openings wanted for returning workers – Minerals Council
By: Martin Creamer 15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... →
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