https://www.miningweekly.com
R/€ = 19.33 Change: 0.03
R/$ = 17.14 Change: 0.03
Au 1793.03 $/oz Change: 12.61
Pt 839.87 $/oz Change: 20.18
 

Legislative Environment News

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, 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... 

Glencore, Merafe begin Section 189 consultation process
Photo by Creamer Media
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... 

Manganese remains resilient
PRICEY IMPEDIMENTS Manganese prices increased sharply in April, as disruptions to supply from South Africa, Brazil and other markets affected more than 40% of global supply

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... 

South Africa’s development finance system facing strategic challenge – IDC
Photo by Creamer Media's Donna Slater
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 R3bn liquidity facility, restructuring debt
Photo by Creamer Media
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... 

Tshipi profitable throughout Covid lockdown – Jupiter
Tshipi Borwa manganese mine.

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... 

Implats reiterates support for Waterberg project as 15% shareholder
Map of the Northern Limb of the Bushveld Coplex.

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... 

Panel of experts needed to oversee future of struggling Alexkor
Photo by Creamer Media
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... 

Wescoal develops SOPs, COPs for Covid, expects upcoming loss
Activity at Wescoal mining in Mpumalanga

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... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Australian miners welcome EPBC reform

By: Esmarie Iannucci     15th June 2020 The Australian resources sector has welcomed an announcement by Prime Minister Scott Morrison to cut the waiting time for environmental approval for major projects, and to reduce red tape. Morrison on Monday said delayed associated with the Environment Protection and Biodiversity Conservation... 

Australian miners welcome EPBC reform
Photo by Bloomberg
Australian Prime Minister Scott Morrison

Tembo extends loan for Prieska copper/zinc project in Northern Cape

By: Martin Creamer     15th June 2020 Private equity group Tembo Capital has confirmed its continued support of Orion Minerals through an extension to the term of the $3.6-million loan facility. Sydney- and Johannesburg-listed Orion in January announced the convertible loan facility, which has now been extended from June 25 to... 

Tembo extends loan for Prieska copper/zinc project in Northern Cape
Prieska copper/zinc project in Northern Cape.

Implats ups credit access, refreshes inter-company loan approvals 

By: Martin Creamer     12th June 2020 Platinum group metals mining and marketing company Implats has strengthened its access to credit and refreshed approvals for inter-company loans. In addition, the board has authorised the Johannesburg-listed company to give financial assistance to inter-related companies, as well as financial... 

Implats ups credit access, refreshes inter-company loan approvals
Impala Platinum in Rustenburg.

Lubrication packs cater for customised needs

By: Cameron Mackay     12th June 2020 Local lubrication solutions supplier Lubrication Engineers (LE) South Africa is making its leading products available in value packs, specifically designed to meet the lubrication requirements of everyday users in the local mining industry. LE national marketing manager Callum Ford states that... 

Lubrication packs cater for customised needs
UNIQUE LUBRICATION NEEDS Load, environment, temperature and machine speed are the variables considered when deciding on an appropriate lubricant

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Papua New Guinea amends oil, gas, mining laws to boost revenue

By: Reuters     11th June 2020 Papua New Guinea has passed legislation seeking to boost benefits to the country from oil, gas and mine developments, which could impact talks on a stalled project planned by Exxon Mobil Corp. Prime Minister James Marape came to power a year ago on a platform to lift the country out of poverty... 

Implats chair Gancho to retire following October AGM

By: Martin Creamer     10th June 2020 Platinum group metals (PGM) mining and marketing company Implats on Wednesday announced the planned retirement of Dr Mandla Gantsho as an independent non-executive director and chairperson of the board of directors of Implats. His retirement will take effect on conclusion of the scheduled annual... 

Implats chair Gancho to retire following October AGM
Dr Mandla Gantsho

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

Weekly Coal Index heralds vital new era of African pricing transparency  

By: Martin Creamer     10th June 2020 Coal remains the dominant primary energy source for the production of electricity in South Africa. Even with high allocations for renewable energy in the latest Integrated Resource Plan (IRP) 2019, as well as the prospect of coal-plant decommissioning over the coming ten years, coal is still... 

Weekly Coal Index heralds vital new era of African pricing transparency
African Source Markets CEO Bevan Jones

Air will be cleaner when it leaves car engine than when it enters it – Hyundai 

By: Martin Creamer     9th June 2020 Air will be cleaner when it leaves the engine of a new hydrogen fuel cell electric car than when it enters the engine of the car, Hyundai states in a double-page advertisement in the latest edition of The Economist. This ultra-clean-air automotive advance comes against the backdrop of government... 

Air will be cleaner when it leaves car engine than when it enters it – Hyundai
Platinum and hydrogen going hand-in-glove.

Harmony Gold EGM on $200m equity raise

By: Martin Creamer     8th June 2020 Gold mining company Harmony Gold will be conducting a virtual extraordinary annual general (EGM) meeting on Thursday, June 11, to gain shareholder approval for the raising of $200-million equity capital. The equity capital raised will be used to fund the first tranche payment of its acquisition... 

Harmony Gold EGM on $200m equity raise
Harmony Gold CEO Peter Steenkamp

Public Investment Corporation increases investment in Exxaro 

By: Martin Creamer     8th June 2020 The Public Investment Corporation (PIC) has increased its shareholding in coal and renewable energy company Exxaro Resources to just over 15%, the Johannesburg Stock Exchange-listed Exxaro stated in a stock exchange news service announcement on Monday. South Africa's State-owned PIC is Africa's... 

Public Investment Corporation increases investment in Exxaro
Photo by Creamer Media
Mxolisi Mgojo

Qld fixes gas royalty

By: Esmarie Iannucci     8th June 2020 Queensland on Monday announced a new gas royalty regime which should assist in providing investor certainty and to help ongoing investment in the state. Treasurer and Minister for Infrastructure and Planning Cameron Dick said that the new volume-based model would support affordable supply for... 

Aluminium in spotlight as LME opts for low-carbon trading platform 

By: Martin Creamer     8th June 2020 Aluminium may find itself with an officially recognised ‘green’ tag when a low-carbon version of the metal is given new trading platform next year. FT Weekend and Aluminium International Today have reported that the London Metal Exchange (LME) will next year launch a platform to trade low-carbon... 

Aluminium in spotlight as LME opts for low-carbon trading platform
Hillside Aluminium in Richards Bay.

'Cliff' notion taking back seat as Eskom coal demand outlook ebbs  

By: Martin Creamer     5th June 2020 A few years back South Africa was said to be heading towards a coal cliff but that projection is now being questioned. In the early and mid 2000, the findings of the South African Coal Roadmap were that Eskom’s contracted coal supply would plummet and its uncontracted portion balloon. 

'Cliff' notion taking back seat as Eskom coal demand outlook ebbs
Minerals Council South Africa talks coal and renewables to Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Diamonds are forever in times of crisis

By: Mamaili Mamaila     5th June 2020 Some mined commodities, particularly precious metals, such as gold, have increased in value, owing to the perception that they can be safe-haven assets during times of crisis. 

Diamonds are forever in times of crisis
ERNEST BLOM The reopening of markets, such as those of China and the US, are a much-needed light at the end of the tunne

Diamonds’ upward trend to resume post pandemic

By: Mamaili Mamaila     5th June 2020 Although diamond prices were gradually recovering from their low during the 2008/09 financial crisis, prior to the Covid-19 pandemic, the lockdowns in many countries have caused trading to come to a halt. 

Diamonds’ upward trend to resume post pandemic
JAMES CAMPBELL Although diamond prices typically drop the fastest – which they have – they are also among the quickest to recover

Sector ahead of the sustainability curve, challenges remain

By: Mamaili Mamaila     5th June 2020 With many local diamond mining operations reaching their end of life, the rehabilitation and remediation of such sites – in a closure and liquidation context – has been a particular focus in recent years, says law firm Bowmans partner Wandisile Mandlana. 

Sector ahead of the sustainability curve, challenges remain
LEADING THE PACK The sector is a few years ahead of other mining subsectors locally in terms of closure

Hard-hit diamond jewellery sector mulls postpandemic recovery strategies

By: Mamaili Mamaila     5th June 2020 The unforeseen global health crisis triggered by the Covid-19 pandemic has had dire economic repercussions, to which South Africa is not immune. 

Hard-hit diamond jewellery sector mulls postpandemic recovery strategies

South Africa's mining industry records 527 positive Covid-19 cases, 72 recoveries

By: Donna Slater     4th June 2020 The Minerals Council South Africa, in its third weekly Covid-19 update briefing on June 4, reported that, to date, the domestic mining industry has 527 positive cases of Covid-19, with 7 461 miners having been tested and 226 796 having been screened. The mining industry has also reported 72... 

Covid, diesel, substitution nudging platinum into sweeter spot 

By: Martin Creamer     4th June 2020 Depressed platinum is being nudged into a sweeter spot by a combination of the Covid-19 pandemic, new focus on diesel vehicles, trickling substitution of platinum for palladium and worsening supply constraints, Mining Weekly can report. Covid-19 funding demands are delaying the planned rollout of... 

Well positioned to weather storm – Standard Bank

By: Martin Creamer     4th June 2020 The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by... 

Well positioned to weather storm – Standard Bank
Standard Bank building.

Employment in alluvial diamonds, Kalagadi Manganese & Moz make headlines  

4th June 2020 Mining Weekly Editor Martin Creamer discusses the South African Diamond Producers Organisation's plea to be allowed create jobs in the alluvial diamond sector, the Industrial Development Corporation & the future of Kalagadi Manganese, and Mozambique's online licence processing system.  

Employment in alluvial diamonds, Kalagadi Manganese & Moz make headlines
Employment in alluvial diamonds, Kalagadi Manganese & Moz make headlines

Narrabri under threat from new legislation

By: Esmarie Iannucci     4th June 2020 The Australian Petroleum Production and Exploration Association (Appea) is lamenting the passing of the Coal Seam Gas (CSG) Moratorium Bill through the New South Wales Legislative Assembly late on Wednesday. Appea CEO Andrew McConville said on Thursday that if the Bill was implemented, it would... 

Narrabri under threat from new legislation
1
2
3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

 

Topics In These Articles

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 for $119
Free daily email newsletter Register Now
Subscribe Close