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Legislative Environment News

Lagging platinum being actively promoted – Implats  

By: Martin Creamer     3rd September 2020 Demand for platinum, the price laggard of the high-flying platinum group metals basket, is being actively promoted on several fronts, Implats reported on Thursday. Following the company’s presentation of stellar cash-generating and dividend-yielding financial results, which featured a gross... 

Gross profit of cash-gushing Implats soars 240%, cash dividend declared

By: Martin Creamer     3rd September 2020 Platinum group metals (PGMs) mining and marketing company Implats on Thursday posted record headline earnings on the back of solid operational performances and record sales revenues – despite the considerable impact of Covid-19 – for its full year to June 30. The group, headed by CEO Nico... 

Gross profit of cash-gushing Implats soars 240%, cash dividend declared
Implats CEO Nico Muller

Bushveld advances electrolyte, solar, mini-grid projects 

By: Martin Creamer     2nd September 2020 London-listed integrated primary vanadium producer and energy storage provider, Bushveld Minerals, the owner of assets in South Africa, on Wednesday reported progress with the group’s electrolyte plant, solar and mini-grid power project. Bushveld Energy intends devising self-generation options... 

Bushveld advances electrolyte, solar, mini-grid projects
Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

South Africa’s green revolution gathering momentum 

2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... 

South Africa’s green revolution gathering momentum
Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold  

By: Martin Creamer     1st September 2020 South Africa Inc should be doing much more to incentivise the recovery of precious metals from tailings dams for sound societal and environmental reasons that could free Johannesburg of its artificial ‘Berlin Wall’-type political legacy barriers that tilt commute times unfairly and block new-era... 

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold
DRDGold CEO Niël Pretorius talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Cash-gushing DRDGold declares dividend on fourfold rise in operating profit 

By: Martin Creamer     1st September 2020 Surface gold mining company DRDGold on Tuesday declared its thirteenth successive-year dividend distribution on a fourfold-plus increase in group operating profit of R1 562.1-million, a sevenfold-plus headline earnings surge and rocketing market capitalisation. Free cashflow was R926.4-million... 

Cash-gushing DRDGold declares dividend on fourfold rise in operating profit
DRDGold CEO Niël Pretorius

South Africa must link tax laws to job creation, says ARM’s Motsepe   

By: Martin Creamer     31st August 2020 The private sector worldwide is the engine for job creation, in partnership with trade union organisations, government and communities, and South Africa must link its tax legislation to job creation. That is the view African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe... 

South Africa must link tax laws to job creation, says ARM’s Motsepe
African Rainbow Minerals executive chairperson Dr Patrice Motsepe responds to Mining Weekly’s Martin Creamer on attracting mining investment. Video: Darlene Creamer.

ARM earnings up, dividend declared 

By: Martin Creamer     31st August 2020 The headline earnings of diversified mining company African Rainbow Minerals (ARM) increased by 6% to R5 534-million for the financial year to June 30. A final dividend of R7 a share is declared, in addition to the interim dividend of R5 a share, taking the total dividend for the 2020 financial... 

ARM earnings up, dividend declared
Photo by Creamer Media
ARM executive chairperson Dr Patrice Motsepe

Analysts raise precious metals expansion opportunities for cash-flush Sibanye  

By: Martin Creamer     30th August 2020 Mining analysts last week raised local platinum and gold expansion opportunities for cash-flush precious metals mining company Sibanye-Stillwater, but Neal Froneman, the CEO of the superbly performing Johannesburg- and New York-listed company, expressed concern that South Africa’s current... 

Analysts raise precious metals expansion opportunities for cash-flush Sibanye
Sibanye-Stillwater half-year results covered by Mining Weekly’s Martin Creamer. Audio: Darlene Creamer.

Rhodium may turn out to be the metal of the decade – Northam 

By: Martin Creamer     28th August 2020 Rhodium may turn out to be the metal of the decade, Northam CEO Paul Dunne said on Friday. Speaking at the JSE-listed company’s presentation of outstanding results, which saw the company shrug off the Covid-19 pandemic to report a record financial year in the 12 months to June 30, Dunne said... 

Rhodium may turn out to be the metal of the decade – Northam
Northam Platinum results covered by Mining Weekly’s Martin Creamer. Video: Kutlwano Matlala.

Glencore puts entire stake in Mopani on the table in talks with Zambia – sources

By: Reuters     28th August 2020 Glencore will likely sell its entire 73.1% stake in Zambia's Mopani Copper Mines to the government's mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters. Zambia and Swiss-based Glencore are at "cross purposes" over Mopani,... 

Glencore puts entire stake in Mopani on the table in talks with Zambia – sources

High-flying Northam shrugs off Covid to achieve record year 

By: Martin Creamer     28th August 2020 Platinum group metals mining company Northam Platinum has shrugged off the Covid-19 pandemic to report a record financial year in the 12 months to June 30. The JSE-listed company, headed by CEO Paul Dunne, on Friday reported its best ever revenue of R17.8-billion, record operating profit of... 

High-flying Northam shrugs off Covid to achieve record year
Photo by Creamer Media
Paul Dunne

Company to provide energy storage for local mines

By: Cameron Mackay     28th August 2020 The local mining sector is becoming more open to implementing new technologies in terms of energy solutions, as they can make mining operations more efficient, productive and cost effective, states microgrid and energy solutions provider Hitachi ABB Power Grids MD Malvin Naicker. Hitachi ABB... 

Company to provide energy storage for local mines
CHANGING STATUS QUO The company is beginning to interact more with the mining industry to provide flexible, resilient and smart microgrid and energy storage solutions

Higher energy efficiency can save costs for miners

By: Cameron Mackay     28th August 2020 Local energy organisation the South African National Energy Development Institute (SANEDI) GM Barry Bredenkamp states that South Africa’s mining sector can continue to explore cost-saving measures through increased energy efficiency. Local miners face many challenges, including rising energy... 

Higher energy efficiency can save costs for miners
ENERGY EFFICIENCY GAINS With more environmental pressures being placed on miners, improving energy efficiency is one of the leading drivers to contribute to a reduction in harmful emissions

Logistics company branches out

By: Cameron Mackay     28th August 2020 Local logistics services supplier Mixcorp is including renewable-energy technology suited to the mining industry in the scope of its research and development (R&D) department to add renewables-related logistical services to its offering. Mixcorp special scientific adviser Dr Godfrey Gandawa... 

Logistics company  branches out
DR GODFREY GANDAWA We are in the process of setting up operations in Zambia and the DRC, working with mines that are considering investing in renewable energy technologies

Mining waste can boost alternative-fuels prospects

By: Cameron Mackay     28th August 2020 Certain wastes in the mining sector present an opportunity to create alternative fuels, which can alleviate the energy supply challenges in the local industry, says waste management solutions provider Interwaste. Repurposing waste for energy purposes can also reduce the reliance on landfills and... 

Mining waste can boost alternative-fuels prospects
REFUSE-DERIVED FUEL RDF is a solid fuel source recovered through the shredding and bailing of certain presorted dry industrial nonrecyclable waste

Pandemic prevents further engagement on housing draft

28th August 2020 A call for further engagement with the Department of Mineral Resources and Energy (DMRE) regarding the 2019 Draft Review of Housing and Living Conditions Standard has stalled as a result of the Covid-19 pandemic and the subsequent lockdown in South Africa. The draft standard requires that mines... 

Pandemic prevents further engagement  on housing draft
NICO PIENAAR The surface mining sector represents a large part of the overall mining community

Sibanye-Stillwater earnings soar 718%, R1.3bn dividend declared 

By: Martin Creamer     27th August 2020 Precious metals mining company Sibanye-Stillwater has reported sensational half-year results on Covid-defying increased production from all operating segments The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, has declared a R1.3-billion interim dividend on free cash... 

Sibanye-Stillwater earnings soar 718%, R1.3bn dividend declared
Photo by Creamer Media's Donna Slater
Neal Froneman

Minerals Council says morality must be put at forefront of recovery, growth

By: Marleny Arnoldi     27th August 2020 The Minerals Council South Africa has implored President Cyril Ramaphosa and law enforcement authorities to act urgently against those within government, business and other citizens who have looted public funds, incluing those intended to alleviate the impact of Covid-19. This plea by the... 

Minerals Council says morality must be put at forefront of recovery, growth
Minerals Council CEO Roger Baxter

South Africa’s instability still curbing mining capex – Master Drilling

By: Martin Creamer     27th August 2020 Drilling company Master Drilling, which is operating in 23 countries, does not foresee significant fixed capital being spent in South Africa, even though the company is finding strong demand pull in other main mining jurisdictions and earned most of its half-year revenue and highest profit margin... 

South Africa’s instability still curbing mining capex – Master Drilling
Master Drilling project.

High-flying DRDGold expecting nigh sevenfold earnings rocket 

By: Martin Creamer     26th August 2020 Surface gold mining company DRDGold is expecting half-year earnings per share to rocket nearly sevenfold. In a trading statement released on Wednesday, the company, headed by CEO Niël Pretorius, indicated earnings per share of 82.5 c for the financial year to June 30, compared with 11.8 c for the... 

High-flying DRDGold expecting nigh sevenfold earnings rocket
Tailings dumps from which DRDGold recovers gold.

Master Drilling aligning with opencast mines going underground in changing world  

By: Martin Creamer     26th August 2020 South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the... 

Master Drilling aligning with opencast mines going underground in changing world
Master Drilling technology director Koos Jordaan’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Third of labour force let go – Master Drilling  

By: Martin Creamer     25th August 2020 The Covid-19 crisis resulted in drilling company Master Drilling having to let go a third of its labour force in the world, Master Drilling CEO Danie Pretorius said on Tuesday. Fochville-based Master Drilling provides drilling services to the mining, civil engineering and building construction... 

Third of labour force let go – Master Drilling
Master Drilling half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Appea urges changes to boost oil and gas sector

By: Esmarie Iannucci     25th August 2020 The Australian Petroleum Production and Exploration Association (Appea) has urged the federal government to extend the Junior Minerals Exploration Incentive (JMEI) to the oil and gas sector. In its pre-Budget submission, Appea also recommended four other reforms, including making salary costs... 

Appea urges changes to boost oil and gas sector

Congo grants new export ban waivers for copper, cobalt, tin

By: Reuters     25th August 2020 Democratic Republic of Congo on Saturday gave mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten, and tantalum concentrates after meeting the country's biggest miners in Kinshasa. The mines ministry also announced an export ban... 

Anglo American Platinum to transfer R2bn value to communities 

By: Martin Creamer     25th August 2020 Platinum group metals mining and marketing company Anglo American Platinum on Tuesday announced shared value worth R2-billion for host and labour-sending communities one year early as a result of recent strong share price performance. The settlement will result in R2-billion of value transferring... 

Anglo American Platinum to transfer R2bn value to communities
Anglo American Platinum CEO Natascha Viljoen

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... 

Glencore part of giant leap to transform informal cobalt mining
The pit is excavated by a team of five to seven diggers, locally known as creuseurs.

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... 

Industry welcomes new water management tool
Photo by Creamer Media
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... 

Getting best out of mining starts with policy certainty, says Gold Fields' Holland
Gold Fields CEO Nick Holland speaks to Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

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... 

High-flying Gold Fields' profit soars, half-year dividend up
Photo by Creamer Media
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... 

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
Specialised Exhibitions MD Gary Corin outlines Electra Mining Africa 2020 Connect plans to Martin Creamer. Video: Darlene Creamer.

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... 

Encouraging exploration would deliver enormous opportunities for SA – Bristow
Mark Bristow

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... 

Orion sees N Cape as ‘dripping roast’ as Prieska project declared 'shovel ready'
Orion mining right and exploration right areas in Northern Cape.

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... 

Proposed mining tax amendments could have far reaching, unintended consequences, says firm
Renmere director Neethling van Heerden discusses the proposed amendments to the 2020 Draft Taxation Laws Amendment Bill (DTLAB) in respect of the mining capital expenditure (capex) allowance. Video: Recorded via Zoom. Editing: Creamer Media’s Nicholas Boyd.

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. 

Sustainability measures, partnerships to ensure sector’s longevity
SUSTAINABILITY MATTERS Eurasian Resources Group’s goal is for its Metalkol Metalkol Roan Tailings Reclamation operation to become the foremost sustainable cobalt producer
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