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Legislative Environment News

PGMs create opportunity for Zim

By: Theresa Bhowan     3rd September 2021 Mining consultancy company the MSA Group says platinum group metals (PGMs) price recovery has benefited mining operations in Zimbabwe, in that the price recovery has been largely towards palladium rather than platinum, consequently resulting in renewed focus on the industry. Palladium has been... 

Implats contributes R13bn in taxes, royalties to South African government  

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) mining and marketing company Implats has contributed about R13-billion in taxes and royalties to the South African government for the 12 months to June 30, Implats CFO Meroonisha Kerber said on Thursday. In total, the participation in value of the government,... 

Picture of Implats CFO  Meroonisha Kerber
Implats full-year results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Implats reports record financial results

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) company Implats on Thursday reported record financial results for the 12 months to June 30, driven by higher volumes sold into a strong PGMs pricing environment. A final dividend of R12 a share was declared, bringing the total dividend for the full year ended June 30... 

Picture of Nico Muller, the CEO of Implats, a producer of PGMs
Implats CEO Nico Muller

Harmony planning further 73 MW of green electricity generation  

By: Martin Creamer     1st September 2021 Like everybody else, we’re on the verge of now starting to build our renewable energy plants. That is the latest news on the decarbonisation front from Harmony Gold CEO Peter Steenkamp, who spoke to Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) 

Screenshot of Peter Steenkamp of Harmony during one-on-one Zoom interview
Harmony Gold CEO Peter Steenkamp interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Chile outlines plans for mining to increase traceability, use less water

By: Reuters     1st September 2021 Chile has outlined plans to require miners in the country to increase traceability, slash water use amid a prolonged drought, and bolster the diversity of their leadership in a mining policy blueprint published on Tuesday. The world's largest copper producer aims to retain its current 28% market... 

Chile outlines plans for mining to increase traceability, use less water

Copper royalty bill clears another hurdle in Chile

By: Bloomberg     1st September 2021 A bill that would create the heaviest tax burden among major copper-producing nations was approved by a Chilean senate mining committee on Tuesday. The royalty proposal passed by three votes to two and now goes to the senate floor for debate, with modifications likely to be presented in a bid to... 

Copper royalty bill clears another hurdle in Chile

Harmony Gold realises R1bn gain from hedge  

By: Martin Creamer     31st August 2021 Gold mining company Harmony Gold realised a R1-billion gain on derivatives in the 12 months to June 30. “This confirms that our more definitive hedging programme is yielding positive results, and we’ll still see that in future,” said Harmony Gold FD Boipelo Lekubo on Tuesday, in presenting what... 

Screenshot taken by Creamer Media of Harmony FD during August 2021 presentation.
Harmony Gold financial year results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Harmony profits 66% up on 26% higher production

By: Martin Creamer     31st August 2021 Gold mining company Harmony Gold on Tuesday reported a 66% increase in profits to R12-billion for the 12 months to June 30. The Johannesburg- and New York-listed company, headed by CEO Peter Steenkamp, increased gold production in the period to a 26%-higher 1 535 352 oz. 

Pic of Harmony CEO Steenkamp
Peter Steenkamp

Zulti South project delay is already having negative impact – RBM 

By: Martin Creamer     30th August 2021 The fact that the Zulti South mineral sands project is not being developed is already having a real impact, says Richards Bay Minerals (RMB) MD Werner Duvenhage. This is because RMB is already unable to fully utilise its smelting complex from a capacity perspective because ore grades in Zulti... 

Pic of RBM furnaces
Richards Bay Minerals smelting facility.

DRC reviewing $6bn mining deal with Chinese investors – Finance Minister

By: Reuters     27th August 2021 The Democratic Republic of Congo's (DRC's) government is reviewing its $6-billion "infrastructure-for-minerals" deal with Chinese investors as part of a broader examination of mining contracts, Finance Minister Nicolas Kazadi told Reuters. President Felix Tshisekedi said in May that some mining... 

Microgeneration, the future of green stable power

By: Claire O'Reilly     27th August 2021 Amid growing interest in the adoption of hybrid energy solutions and South African mines’ aiming to invest in on-site standalone or microgrid hybrid solutions, engineering services consulting firm WSP suggests that microgeneration and hybrid solutions are the future for local industries and mines.  

Overlapping image of wind power and solar panels to symbolize the hybridization of some micro-grids
TAKING THE POWER BACK African mines are investing in on-site standalone or microgrid hybrid solutions

Multinational oil company promotes EALs growth

By: Claire O'Reilly     27th August 2021 Biodegradable, environmentally acceptable lubricants (EALs) offer companies a solution to balance productivity and environmental protection, with performance levels comparable with those of conventional fluids, says multinational oil and gas company Shell.  

Metallurgical tests prove profitable

27th August 2021 Gold mining company African Gold Group in July announced the final metallurgical test results from its comprehensive sulphide testwork programme, which incorporated variability testing to determine the optimal process route of the ore across the extent of the orebody at its Kobada mine in Mali.... 

Gold nuggets on wooden table Shutterstock image
GOING FOR GOLD New results have reported a better than predicted recovery at the Kobada gold mine

Peru will seek to tax miners more when prices high - Peruvian PM

By: Reuters     26th August 2021 Peruvian Prime Minister Guido Bellido asked Congress on Thursday for legislative powers for the executive on tax matters as he seeks a first vote of confidence for the new cabinet of leftist president Pedro Castillo. Bellido said that the government also plans to tap the excess profits of mining... 

New horizons for uranium as a green metal – Sibanye-Stillwater  

By: Martin Creamer     26th August 2021 Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium, which it described as a significant element in its green metals portfolio. Speaking after the company shot the lights out with record dividend-rich financial results, Sibanye-Stillwater... 

Creamer Media picure of Neal Froneman
Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium.

Parliament gives govt greater leeway in oil and gas framework

26th August 2021 The federal Parliament has passed legislation to strengthen Australia’s offshore oil and gas regulatory framework. The changes would enhance the government’s oversight and scrutiny of a range of company transactions to ensure that entities that want to operate in the oil and gas industry are... 

Peru wants mining companies to help build railway to Pacific coast

By: Reuters     26th August 2021 Peru is asking help from mining companies Las Bambas, of China's MMGand Grupo Mexico's Southern Copper to build a rail system from a mineral-rich Andean zone to the country's central Pacific coast, Mining Minister Ivan Merino said in an interview. Representatives of both companies said they were... 

Royalty Bill will put Chile's private miners out of business, trade group says

By: Reuters     26th August 2021 Chile's sprawling mining sector believes a royalty bill under discussion in Congress could shut down the country's private miners as currently written, a senior mining executive told lawmakers on Wednesday. The controversial legislation has gained momentum this year as prices of the red metal -... 

Diego Hernández, president of the National Mining Society
Diego Hernández, president of the National Mining Society

Independent auditing of community trust funds will now be enforced – RBM  

By: Martin Creamer     25th August 2021 External auditing of community trust funds by independent auditors will now be enforced and transparency optimised, said Richards Bay Minerals (RBM) MD Werner Duvenhage on Wednesday. While the auditing by independent auditors of the trust funds has always been a requirement, enforcement has been... 

Pic of MD Duvenhage supplied by RBM
Richards Bay Minerals MD Werner Duvenhage

With Richards Bay Minerals operations resuming is there still hope for Zulti South? 

By: Martin Creamer     24th August 2021 Diversified mining company Rio Tinto announced on Tuesday that it had commenced the process of restarting operations at Richards Bay Minerals, in KwaZulu-Natal. This follows a stabilisation of the security situation around the mine, supported by the national and provincial government, as well as... 

A picture showing flaming mineral sands metals at Richards Bay Minerals in KwaZulu-Natal.
Activity at Richards Bay Minerals.

Jubilee ups Zambian refining footprint with new Mopani copper/cobalt MoU 

By: Martin Creamer     24th August 2021 London Aim and JSE AltX-listed metals processing company Jubilee Metals announced on Tuesday that it had entered into a binding memorandum of understanding (MOU) on the refining of copper and cobalt, both highly sought-after green metals. The MOU with Mopani, a subsidiary of ZCCM Investment in... 

Picture of Leon Coetzer taken by Creamer Media.
Photo by Creamer Media
Jubilee CEO Leon Coetzer

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Construction of 40 MW South Deep solar plant under way – Gold Fields  

By: Martin Creamer     20th August 2021 The construction of the 40 MW solar power plant at South Deep gold mine in Gauteng is under way. “We’ll deliver South Deep’s solar plant in the second quarter of next year,” Gold Fields CEO Chris Griffith said during Gold Fields presentation of the dividend-enhanced, 33%-higher half-year... 

Screenshot of Chris Griffith taken during online Gold Fields presentation in August 2021.
Gold Fields presentation of half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zambian mines look to new leader to unlock $2bn investment

By: Bloomberg     20th August 2021 Copper producers are ready to start expansion projects worth $2-billion in Zambia next year if the industry can reach an agreement on royalties with President-elect Hakainde Hichilema’s new administration. Companies including First Quantum Minerals and EMR Capital are ready to raise funding for... 

Photo of Zambia President-elect Hakainde Hichilema
Zambia President-elect Hakainde Hichilema

World-first plant supplied

20th August 2021 Metallurgical industry plant supplier SMS group last month announced that it had supplied a world-first greenfield e-scrap recycling plant for precious metals to plastics recycling giant Ecopolis Corporation. Following a multi-month commissioning phase, SMS group handed over a greenfield... 

A stock image of electronic waste
ONE MAN'S TRASH Precious metals such as platinum can now be extracted from waste materials at a luxury car manufacturer in Russia

PGMs help keep economy afloat

By: Halima Frost     20th August 2021 Market research company Frost & Sullivan Africa consultant Yaa Agyare-Dwomoh tells Mining Weekly that even though Covid-19 has negatively affected the majority of industries in South Africa, the mining industry proved to be relatively resilient, with mining companies enjoying increased gains. She... 

Raw platinum being held in a white glove, image from Bloomberg
HAND OUTS Owing to the positive impact the platinum sector has had even during the Covid-19 pandemic, the economy has needed less assistance than anticipated

Sustainable management imperative for mining

20th August 2021 Effective and efficient water management is a key aspect of all mining operations and is often one of the single most important considerations for developing an environmentally safe and sustainable mining project, say consulting engineering firm Knight Piésold Southern Africa senior... 

Headway made into improved representation of women in mining – Minerals Council

By: Donna Slater     19th August 2021 In marking its second National Day of Women in Mining on August 19, the Minerals Council South African and the Women in Mining Leadership Forum (WiMLF) initiative say they have made inroads into better representation of women in the mining industry. The first National Day of Women in Mining held... 

Mexico leads LatAm push for more control of resource revenue -analysis

By: Reuters     19th August 2021 Latin American governments have increasingly sought more control of their mining and energy revenue over the past few years, with Mexico leading the pack according to the latest Resource Nationalism Index rankings published by Verisk Maplecroft on Wednesday. The report said environmental... 

An image of ore being crushed.

Shallow Reefs Gold hoping to announce capital raise out of North America  

By: Martin Creamer     18th August 2021 In the next few weeks, Shallow Reefs Gold is hoping to be able to announce what it describes as a fairly significant capital raise out of North America after being very active in the capital markets. The target pipeline of the company that is intent on mining shallow deposits of South Africa’s... 

A supplied picture of Mark Gilbert of NSDV law firm
Shallow Reef Gold’s Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Leftist regime and big mining work on plan to tap copper riches

By: Bloomberg     17th August 2021 Peru’s new socialist government is working with the mining industry on a new approach to community relations and red tape to unlock more of the country’s huge mineral wealth. “All companies are happy, so far,” Minister of Energy and Mines Ivan Merino said in an interview Saturday. “We all agree... 

Thungela speedy in putting R6m into trust for communities around its coal mines  

By: Martin Creamer     16th August 2021 With the new Thungela Resources only months old, the JSE- and London-listed coal mining company has already put an initial R6-million into a trust for the benefit of the communities living around its coal mining operations. The first distribution to the Community Partnership Plan was made on June... 

Screenshot taken by Creamer Media of July Ndolvu during August 2021 presentation of results.
Thungela CEO July Ndlovu interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Thungela confident Transnet rail challenge is transient  

By: Martin Creamer     13th August 2021 New coal mining company Thungela Resources said on Friday that it remained confident that the Transnet Freight Rail (TFR) challenge is transient. Similar to the rest of the coal-mining industry, Thungela has faced a sustained period of underperformance by TFR. 

Screenshot of Thungela FD Deon Smith during august 2021 results.
Thungela results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Thermal coal price recovery buoys Thungela maiden interim  

By: Martin Creamer     13th August 2021 New coal mining company Thungela Resources on Friday reported interim results for the six months ended June 30 after one month of operating as an independent business. Thungela generated half-year operating profit of R990-million, adjusted earnings before interest, taxes, depreciation and... 

Picutre of Thungel CEO provided by Thungela
Thungela CEO July Ndlovu

New technologies can unlock assets for decarbonisation

By: Cameron Mackay     13th August 2021 Using modern technologies to provide better orebody knowledge can potentially unlock millions of tonnes of copper in stranded assets globally, which, in turn, could help to counter the predicted copper supply shortage, states mining technology company IMDEX chief geoscientist Dave Lawie. “Copper... 

IMDEX Blast Dog Solution on a mine site
ENABLING BETTER BLASTING IMDEX is looking to introduce Blast Dog to Africa in the next 12 to 18 months, as considerable advances have been made in developing the tool

Increased demand strains resources supply

By: Nadine Ramdass     13th August 2021 While the Australian mining industry is doing very well on a macroeconomic scale, increased demand and Covid-19-related restrictions have made it challenging to acquire the resources needed to explore and develop mining projects. The mining industry has had difficulty in the supply and acquiring... 

An image of Thor Mining MD Nicole Galloway Warland
NICOLE GALLOWAY WARLAND Increased demand make it challenging for acquiring needed resources

Exxaro ups coal volume at risk owing to Transnet challenges to three-million tonnes  

By: Martin Creamer     12th August 2021 Based on current performance, coal-mining company Exxaro has upped the second half of the year volume of coal at delivery risk, owing the ongoing Transnet Freight Rail (TFR) challenges, to three-million tonnes. “Previously we have highlighted what we believe will be the amount of volumes that... 

Screenshot taken during Exxaro Aug 2021 presentation
Exxaro half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer
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