R/€ = 18.97 Change: -0.02
R/$ = 16.75 Change: 0.02
Au 1804.08 $/oz Change: 3.48
Pt 835.53 $/oz Change: 1.55

Legislative Environment News

Shabangu says mine 
nationalisation is 
not policy

By: Jade Davenport     26th February 2010 South African Mineral Resources Minister Susan Shabangu has reiterated that the nationalisation of the country’s mining sector was not a government policy and would not be adopted as such in the foreseeable future. 

Nationalisation debate may hurt South Africa’s reputation

By: Jade Davenport     26th February 2010 The nationalisation of the mines debate, which has become a hot topic in recent days, could have a negative impact on attracting foreign direct investment (FDI) into South Africa and raising capital on foreign markets for local mining projects. 

Centerra hopeful on Mongolia heap-leach OK, investment deal

By: Liezel Hill     24th February 2010 Canadian gold-miner Centerra Gold is hopeful that the ongoing shutdown of the heap-leach operations at its Mongolian mine will end soon, CFO Jeffrey Parr said on Wednesday. Authorities issued an order to suspend the Boroo mine's operating licences in June last year. The main operating licences... 

Ex-Reserve Bank governor Mboweni to chair AngloGold  

By: Martin Creamer     24th February 2010 Former South African Reserve Bank governor Tito Mboweni has been appointed chairperson of gold-mining company AngloGold Ashanti, succeeding current chairperson Russell Edey, who is retiring after eight years. Mboweni has also been appointed chairperson of South African packaging company Nampak,... 

Nationalisation not an option, says SA big business as it proposes 'Vision 2040' 

By: Terence Creamer     23rd February 2010 Big business in South Africa has initiated a campaign, loosely dubbed 'Vision 2040', which sets out as its overall goal the transformation of the country from a developing to developed one over 30 years. To achieve that, a target of doubling of the size of the economy over the period should be... 

SA govt invites Peter Leon to join mining growth task team

By: Martin Creamer     23rd February 2010 The South African government has invited mining law stalwart Peter Leon to be part of the mining industry's growth, development and employment task team (Migdett). Department of Mineral Resources DG Sandile Nogxina has invited Leon to participate as a regulatory and legal expert in the Migdett's... 

South Africa pushes ahead with royalty legislation  

By: Chanel de Bruyn     17th February 2010 A number of technical anomalies contained within the Mineral and Petroleum Resources Royalty Act would still have to be corrected, but the National Treasury was going ahead with the implementation of the act on March 1. Last year, Former Finance Minister Trevor Manuel delayed the implementation... 

ANCYL-Cosatu meeting to discuss mine nationalisation  

By: Loni Prinsloo     15th February 2010 The African National Congress Youth League (ANCYL) confirmed on Monday that it would be meeting with the Congress of the South African Trade Unions (Cosatu) on Thursday to discuss different policy issues. ANCYL spokesperson Floyd Shivambu told Mining Weekly Online that the nationalisation of... 

SA miners to start paying royalties on March 1

By: Chanel de Bruyn     11th February 2010 While the first royalties under the new Mining and Petroleum Royalties Act were payable from March 1, this year, audit, consulting and tax services provider Deloitte on Thursday said that the South African Revenue Service (SARS) were not fully geared up for the implementation of this. The firm... 

Aquarius studying Zimbabwe indigenisation regulations

By: Chanel de Bruyn     10th February 2010 The Chamber of Mines of Zimbabwe was currently in closed discussions with relevant authorities to finalise the indigenisation and empowerment quota for the mining industry, in terms of that country’s new Indigenisation and Economic Empowerment regulations, midtier miner Aquarius Platinum said on... 

Mine safety regulation set to tighten in 2010  

By: Brindaveni Naidoo     5th February 2010 Official statistics related to the deaths of mine workers in South Africa have not been released, but sources indicate that the death toll breached the 140 mark, an average of 11 deaths a month in 2009. 

SRK to open office in DRC, eyeing Ghana, Zimbabwe

By: Jonathan Faurie     5th February 2010 Diversified consulting engineers and scientists, SRK Consulting is in the process of positioning itself for an aggressive expansion into the African market. 

19 mining firms commit to poverty reduction – ICMM

By: Martin Creamer     2nd February 2010 Nineteen mining companies, one of them China-linked, on Tuesday agreed to use their combined influence to reduce poverty and foster development. All members of the International Council on Mining and Metals (ICMM), the 19 said at the Mining Indaba that they had also chosen to prioritise revenue... 

SA's Mining Charter review to be completed by March

By: Jade Davenport     2nd February 2010 The review of South Africa's Mining Charter would be released to the public by March, at the latest, said Mineral Resources Minister Susan Shabangu. The review had been completed in November but the matter had been referred to all stakeholders for participation and comment, she said at a media... 

Nationalisation of mines not on the cards yet, says Mineral Resources Department deputy DG 

By: Loni Prinsloo     29th January 2010 It is highly unlikely that any policy changes on nationalising South Africa’s mines would be considered in the next two years, but the issue might be raised at the ruling party’s next policy conference in 2012, next a top government official said. 

Zim’s draft empowerment law standing in the way of
would-be mining investors

By: Oscar Nkala     29th January 2010 The Zimbabwe Chamber of Mines has warned that the significant interest shown by foreign mining investors is unlikely to translate into actual investment unless concerns about the country’s draft indigenisation law are dealt with and the political stability that has characterised the country since... 

Barrick seeks limited injunction on Cortez Hills

By: Reuters     26th January 2010 Barrick Gold said on Tuesday it has requested a U.S. court to issue a limited injunction that would allow work at its Cortez Hills mine in Nevada to continue while additional environmental assessments on the project are under way. In December, an appeals court in San Francisco ruled that the... 

Europe in antitrust probe of Rio-BHP iron-ore JV

By: Martin Creamer     25th January 2010 A formal antitrust investigation into the proposed Rio Tinto-BHP Billiton iron-ore joint venture (JV) has been opened, the European Commission said on Monday. The commission said that Rio Tinto and BHP Billiton - the world's second- and third-largest iron-ore producers after Vale of Brazil -... 

Govt, business, labour agree to March mining summit 

By: Martin Creamer     25th January 2010 Government, business and labour agreed at the weekend to position South Africa's mining industry for "sustainable growth and meaningful transformation" at a mining summit to be held in March, the Department of Mineral Resources (DMR) said in a media release. DMR spokesperson Jeremy Michaels said... 

Social risk mitigation taking mining’s centre stage

By: Martin Creamer     22nd January 2010 There is growing pressure on mining companies from banks, governments and human rights watchers to optimise social opportunity and to minimise social risk in the areas where they mine.  

Mine nationalisation will have to follow correct legal routes – Rocha

By: Loni Prinsloo     21st January 2010 It is highly unlikely that any policy changes on nationalising South Africa's mines would be considered in the next two years, but the issue might be raised at the ruling party's next policy conference in 2012, next a top government official said on Thursday. Department of Mineral Resources'... 

Two Rivers platinum-miners in underground pay drama 

By: Martin Creamer     20th January 2010 More than 50 mine workers were on Wednesday either being prevented from returning to the surface at the Two Rivers platinum mine in Mpumalanga or were refusing to come up from underground over pay grievances. National Union of Mineworkers (NUM) communications head Lesiba Seshoka told Mining... 

Appeal filed against Teck's Red Dog water permit

By: Liezel Hill     16th January 2010 A group of local tribal and environmental organizations, together with two nonprofit law firms, have appealed Alaska's approval of a water-discharge permit for an expansion at Teck Resource's Red Dog zinc mine, the company reported on Friday. The permit was issued recently by the US... 

Employees, near-mine communities to benefit from RBM empowerment deal

By: Loni Prinsloo     15th January 2010 Mineral sands producer Richards Bay Minerals (RBM) and its shareholders Rio Tinto and BHP Billiton recently announced the completion of the largest broad-based black economic-empowerment (BBBEE) transaction in KwaZulu Natal to date. 

Acrimonious shareholder polarisation rocks Wesizwe Platinum

By: Martin Creamer     15th January 2010 The Bakubung-Ba-Ratheo community - the empowerment partner and major shareholder of South African junior miner Wesizwe Platinum - is at odds with itself.  

Zuma won't be at Mining Indaba – Presidential spokesperson

By: Martin Creamer     13th January 2010 A big song and dance has been made about South Africa's President Jacob Zuma making a highly significant mining speech at the upcoming Mining Indaba. But his Presidential spokesperson Vincent Magwenya had a very different message for Mining Weekly when it approached him on the subject. Magwenya... 

Legislative certainty key to mining in Argentina

By: Francisca Pouiller     12th January 2010 Argentina's mining legislation will help encourage investment in the country, but the key will be ensuring a predictable and stable environment for the long term, says Argentine Chamber of Mining Businessmen secretary Hernán Zaballa. “I believe the problem does not have to do with the existing... 

Chinese co withdraws from gold deal after US objection

By: Liezel Hill     21st December 2009 China's Northwest Non Ferrous International Investment will back out of a deal to buy 51% of gold junior Firstgold, after the US government objected to the deal on national security grounds. Firstgold, which is listed in Toronto and hopes to develop gold properties in Nevada, signed an deal in... 

Ontario govt seeks feedback on policies under new Mining Act

By: Liezel Hill     16th December 2009 The government of Ontario will start a public feedback process in January on regulations for the Canadian province’s new Mining Act. The government said on Wednesday it plans broad-based consultations with First Nation and Métis communities, mineral industry stakeholders and interested members... 

New Gold gets permission to restart Mexico mine

By: Liezel Hill     14th December 2009 Vancouver-based New Gold has been granted an injunction that temporarily overturns an earlier order to suspend operations at its Cerro San Pedro mine, in Mexico. The company will now restart mining at Cerro San Pedro, it said on Monday.  

Argentina's Congress to vote on new glaciers protection law

By: Francisca Pouiller     9th December 2009 The Congress of Argentina is expected to vote this month on a proposed law that seeks to protect the country's glaciers, but could have implications for mining projects located thousands of metres above sea level, high in the Andes. The controversial bill was debated and approved by the Senate... 

Silicosis-stricken ex-miners blame Anglo for their condition, take mining giant to court

By: Loni Prinsloo     27th November 2009 South Africa’s gold-mining industry has employed up to half-a-million workers at any time over the past hundred-plus years of mining, and claims have been doing the rounds that thousands of mineworkers have contracted lung diseases because employers failed to protect them from inhaling harmful dust. 

Canadian Bill raises miners' ire 

By: Liezel Hill     26th November 2009 Canadian mining executives and others, including a former federal trade minister, came out strongly on Thursday against the contentious Bill C-300, arguing that, if enacted, the bill could result in a potential “exodus” of Canada-domiciled resources companies. Hearings are under way this week... 

Mexico orders New Gold mine halted

By: Liezel Hill     19th November 2009 Shares in Vancouver-based New Gold fell 13,4% on Thursday, after the company said it had suspended mining operations at the Cerro San Pedro mine, in Mexico. After a ruling by the Federal Court of Fiscal and Administrative Justice, Mexico's State environmental protection agency nullified the... 

Metorex may face interdict over Cons Murch retrenchments

By: Esmarie Iannucci     19th November 2009 South African trade union Solidarity said on Thursday that it planned to apply for an interdict against JSE-listed base metals producer Metorex’s antimony and gold mine Consolidated Murchison, outside Phalaborwa, after the mine started with the retrenchment of about 235 employees. Solidarity... 

Newmont sells 10% of Batu Hijau, extends deadline for rest

By: Liezel Hill     17th November 2009 Colorado-based Newmont Mining and partner Sumitomo Corporation have completed the sale of 10% in their Batu Hijau copper/gold mine, in Indonesia. Newmont's ownership in PT Newmont Nusa Tenggara (PTNNT), which owns the Batu Hijau mine has now been reduced from 45% to 39,38%.  

China approves Jiangsu lithium project’s environmental report

By: Esmarie Iannucci     13th November 2009 Emerging lithium producer Galaxy Resources has received the environmental approval for its Jiangsu lithium carbonate plant, in China. The final environment approval report, which was approved by the Jiangsu Province Environmental Bureau, was an important step toward full project approval for the... 

Codes of good practice clash with Mining Charter

By: Megan van Wyngaardt     13th November 2009 Although the South African mining industry has not experienced a setback following the implementation of the socioeconomic empowerment charter for the South African mining and minerals industry, incorporating broad-based black economic-empowerment (BBBEE) ownership, there are some areas of... 

Latest News


Latest Videos



Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close