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Legislative Environment News
Finnish authority says Koncar owes €120m
By: Marleny Arnoldi 24th August 2020 The Finnish Financial Supervisory Authority (FFSA) has ordered Aim-listed Afarak Group COO Dr Danko Koncar to pay €120-million to the State of Finland. This follows after Koncar failed to comply with obligations imposed on him in the FFSA decision to publish a mandatory bid referred to in the... →
Glencore part of giant leap to transform informal cobalt mining 
By: Martin Creamer 24th August 2020 Eight concerns, including diversified mining and marketing company Glencore, have joined forces to transform the informal mining of cobalt for the better. Full implementation would take five years and would begin in mines in Kasulu and Kamilombe in the Democratic Republic of Congo (DRC), with the... →
Industry welcomes new water management tool
By: Darren Parker 21st August 2020 The uptake of a tool to assist the mining sector in implementing the principles of water conservation and water demand management (WC/WDM), has been “overwhelmingly positive”, Minerals Council South Africa head of environment Stephinah Mudau tells Mining Weekly. The WC/WDM self-assessment... →
ACCURATE SELF-ASSESSMENT The new tool assesses water requirements and the level of water reuse and recycling required, thereby reducing treatment costs
Getting best out of mining starts with policy certainty, says Gold Fields' Holland 
By: Martin Creamer 20th August 2020 Getting the best out of South Africa’s mining sector starts with policy certainty, said Gold Fields CEO Nick Holland on Thursday. Following the Johannesburg- and New York-listed company’s presentation of outstanding half-year results in spite of Covid, Holland said this in response to Mining... →
High-flying Gold Fields' profit soars, half-year dividend up
By: Martin Creamer 20th August 2020 Covid notwithstanding, gold mining company Gold Fields saw its profit soar in the six months to June 30 and the half-year dividend declared equated to last year’s full-year dividend. The Johannesburg- and New York-listed company, headed by CEO Nick Holland, announced attributable profit for the... →
Nick Holland
Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
By: Martin Creamer 20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... →
WA moves to secure local gas supply
By: Esmarie Iannucci 18th August 2020 The Australian Petroleum Production and Exploration Association (Appea) has blasted the Western Australian government’s decision to revise policy in order to secure domestic gas supply. The state government this week unveiled the changes to the Western Australian Domestic Gas Policy, preventing... →
Afrimat to acquire AMSA, other shareholders' interests in Northern Cape iron-ore projects
By: Tasneem Bulbulia 17th August 2020 JSE-listed ArcelorMittal South Africa (AMSA) has reached an agreement to sell its 25% shareholding in Coza Mining, held through subsidiary Oakwood Trading, to Afrimat. Coza’s principal activities are the exploration and prospecting for iron-ore and manganese on three properties in the Northern Cape. →
Encouraging exploration would deliver enormous opportunities for SA – Bristow 
By: Martin Creamer 17th August 2020 Encouraging exploration in South Africa would deliver enormous opportunities, says Barrick Gold president and CEO Dr Mark Bristow, a world leader in exploration success. Bristow was commenting on the call for mining exploration to be encouraged, made last month by the economic transformation... →
Orion sees N Cape as ‘dripping roast’ as Prieska project declared 'shovel ready'
By: Martin Creamer 17th August 2020 Orion Minerals CEO Errol Smart is over the moon about the granting of the final mining right for the Prieska copper/zinc resource, near the Northern Cape town of Copperton – and it comes with exciting exploration rights included. “We’re extremely pleased that the final regulatory hurdle for the... →
Proposed mining tax amendments could have far reaching, unintended consequences, says firm
By: Simone Liedtke 14th August 2020 In line with announcements made by National Treasury in the 2020 Budget Review in February, the 2020 Draft Taxation Laws Amendment Bill (DTLAB) proposes amendments to the Income Tax Act (ITA) with the aim of limiting the entitlement to the favourable mining capital expenditure (capex) allowance... →
Sustainability measures, partnerships to ensure sector’s longevity
By: Mamaili Mamaila 14th August 2020 As the research by the Global Battery Alliance (GBA) found, the demand for batteries is expected to increase 19 times by 2030, which constitutes one of the highest purchase orders the mining industry has seen to date. →
Positive metals markets to drive ERG’s asset development
By: Mamaili Mamaila 14th August 2020 Diversified resources producer Eurasian Resources Group’s (ERG’s) portfolio of copper and cobalt assets in Africa, particularly those in the Democratic Republic of Congo (DRC), are key to its long-term development plans, and the current copper and cobalt market dynamics support its ambitions. →
Xanthates alternatives more effective – supplier
By: Mamaili Mamaila 14th August 2020 The differential flotation of polymetallic sulphide ores, including copper, lead and zinc, are a common practice where these metals are mined from the same ore deposit. →
DMRE says Mantashe's withdrawal of appeal paves the way for certainty
By: Tasneem Bulbulia 13th August 2020 The decision by Mineral Resources and Energy Minister Gwede Mantashe to withdraw his appeal to the Supreme Court of Appeal against an April 2018 ruling by the High Court in relation to the (now repealed) Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Minerals... →
South Africans must work together on an accelerated economic recovery plan – Exxaro
By: Martin Creamer 13th August 2020 South Africans must work together on an accelerated economic recovery plan that focuses on inclusive growth and prosperity for all citizens, Exxaro Resources CEO Mxolisi Mgojo said on Thursday. Speaking during the black-empowered resources company’s presentation of very strong dividend-yielding... →
Awesome new proudly South African face mask kindling international interest
By: Martin Creamer 13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... →
QRC urges royalty freeze
By: Esmarie Iannucci 13th August 2020 The Queensland Resources Council (QRC) has called on the members of the state Parliament to support Liberal National Party’s (LNP’s) proposal to freeze royalty rates for the next ten years, saying it would protect the Queensland economy from the impact of the Covid-19 pandemic. QRC CEO Ian... →
Congo to meet miners to debate copper concentrate export waivers
By: Reuters 13th August 2020 Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if there is a way to maintain waivers to an export ban that are meant to expire in September, the mining minister said on Thursday. Congo, Africa's biggest copper producer, banned exports... →
Exxaro pays dividend on 40%-higher half-year earnings
By: Martin Creamer 13th August 2020 Black-empowered diversified resources group Exxaro Resources on Thursday declared an interim dividend on posting a 40% increase in earnings before interest tax depreciation and amortisation of R3.9-billion for the six months to June 30. In the face of global trade tensions, a challenging local... →
Exxaro CEO Mxolisi Mgojo
Palmer to sue if new legislation is passed in WA
By: Esmarie Iannucci 12th August 2020 Queensland-based mining personality Clive Palmer has threatened legal action against the Western Australian government should its Parliament pass extraordinary legislation that could prevent the miner from claiming damages related to the Balmoral South iron-ore project. Western Australia’s... →
High-flying Barrick Gold opens up exploration front in Japan
By: Martin Creamer 11th August 2020 High-flying Barrick Gold has established a gold exploration joint-venture front in Japan. “Japan has opened up its mining and exploration legislation for the first time since the war,” Barrick Gold CEO Dr Mark Bristow told Mining Weekly on Tuesday. →
BLSA’s Mavuso laments lack of investment in South Africa
By: Simone Liedtke 11th August 2020 While there are talks of mobilising more investment to kickstart the South African economy post-Covid-19, Business Leadership South Africa (BLSA) CEO Busi Mavuso laments that current developments are showing the opposite, as projects and investments have either been cancelled or delayed. In her... →
Uncertain when Milnerton oil refinery will come back on stream
By: Martin Creamer 11th August 2020 Astron Energy’s oil refinery in Cape Town, where a fire broke out last month killing two people and injuring seven others, remains closed while a full investigation into the incident is carried out. The former Chevron 100 000 bbl/d Milnerton refinery – which with the Caltex brand now fall under... →
Cape Town refinery.
Mponeng transfer to Harmony expected soon – AngloGold
By: Martin Creamer 11th August 2020 The transfer of Mponeng gold mine to Harmony Gold is down to Department of Minerals Resources and Energy approval under legislation relating to mine transfer, according to outgoing AngloGold Ashanti CEO Kelvin Dushnisky. Answering analysts questions following the presentation of the company’s... →
Ferrochrome business remains solid, world still requires large amount of it – Glasenberg
By: Martin Creamer 11th August 2020 The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world. Unfortunately, most of the production occurs in ferrochrome plants in China, while South Africa continues exporting chrome ore and moving a large amount of it to China owing to South... →
Mine export values back but volumes need boosting – Minerals Council
By: Martin Creamer 10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. →
Exploration and mining licence management system supports junior miners in Namibia
By: Schalk Burger 7th August 2020 A new exploration and mining licence management system is helping companies operating in Namibia to manage all aspects of mine licences and regulatory requirements. The system allows companies to monitor and manage the licences, as well as receive timely warnings of missing documents or... →
High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption
By: Martin Creamer 7th August 2020 Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30. Free cash flow before growth capital, the metric on which dividends are calculated, rose 376% - or nearly fivefold - to $324-million... →
AngloGold CFO Christine Ramon (right) is interim CEO, with pre-Dushnisky CEO Srinivasan Venkatakrishnan. Some have speculated on Venkat's possible return.
WA hits new timeframes for PoW assessments
By: Esmarie Iannucci 7th August 2020 The Western Australian state government on Friday announced that it has successfully halved the assessment timeframes for exploration programme of work applications. The Department of Mines, Industry Regulation and Safety (DMIRS) in February announced plans to streamline the approval timeframe... →
Women representation in mining ‘getting there’
By: Mamaili Mamaila 7th August 2020 Women have definitely been taking up more opportunities in the mining sector, and this is even evident when visiting underground operations, says explosives and blasting company BME. →
Women representation agenda is at even odds – WiMSA
By: Mamaili Mamaila 7th August 2020 The South African mining sector has improved significantly in terms of the representation of women, compared with the situation ten years ago, says mining industry organisation Women in Mining South Africa (WiMSA). →
Women forge ahead on level playing field
By: Mamaili Mamaila 7th August 2020 While the mining, construction, manufacturing, and health and safety sectors were once male-dominated, the women heading global solutions company SafetySA’s business units have upended the stereotypes, proving that South Africa’s women need nothing more than a level playing field to forge ahead. →
Forums advancing women representation
By: Mamaili Mamaila 7th August 2020 Specialty chemicals company Clariant – which is focused on sustainability and innovation – strongly believes in diversity and inclusion within the company. →
Minerals Council welcomes new global tailings management standard
By: Simone Liedtke 6th August 2020 The Minerals Council South Africa has welcomed the publication of the new Global Industry Standard on Tailings Management. The Global Tailings Review (GTR) on August 5 launched the Global Industry Standard on Tailings Management, which aims to ensure tailings dam failures are a thing of the past. →
Platinum continuing to attract strong investor interest – WPIC
By: Martin Creamer 5th August 2020 The interest in platinum group metals (PGMs) is high at the moment, World Platinum Investment Council (WPIC) research director Trevor Raymond said on Wednesday. Speaking to Mining Weekly from London in a Zoom interview, Raymond said: “As you know, the WPIC doesn’t forecast price but one of our... →
Global Industry Standard on Tailings Management puts communities at the forefront
By: Marleny Arnoldi 5th August 2020 The Global Tailings Review (GTR) on August 5 launched the Global Industry Standard on Tailings Management, which aims to ensure tailings dam failures are a thing of the past. The GTR was co-convened by the United Nations Environment Programme (UNEP), the Principles for Responsible Investment... →
Exploration, cheaper inputs, solid laws and better logistics key to mining sector's growth
By: Marleny Arnoldi 4th August 2020 Even before Covid-19 hit South African shores, the mining industry was already in a structural decline and, without significant intervention to alter this trajectory, the sector's output, employment and economic contribution will continue to decline. Business for South Africa (B4SA) risk work... →
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