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Legislative Environment News

Kinross snaps up Ecuador gold project with Aurelian acquisition pact

By: Liezel Hill     24th July 2008 Canadian gold-miner Kinross Gold has entered into a friendly agreement to buy explorer Aurelian Resurces for about C$1,2-billion, in an all-stock deal that will add Aurelian's Condor project, in Ecuador, to Kinross's growth pipeline. The Condor property hosts the Fruta del Norte precious metals... 

Aim Resources starts legal proceedings against ex-MD Flory

By: Liezel Hill     23rd July 2008 Sydney-based Aim Resources has begun proceedings in the Supreme Court of New South Wales against former MD Marc Flory, the firm announced on Wednesday. The litigation, which also included other unnamed parties, related to “alleged breaches of duties” while Flory was a director of the company. 

Experts meet to discuss draft mining code for West Africa's Ecowas region

By: Liezel Hill     21st July 2008 Experts representing members of the Economic Community of West African States (Ecowas) will meet in the Nigerian capital of Abuja on Tuesday, to examine and validate a draft regional mining code, the body said in a statement. Representatives of Oxfam, the Southern African Development Community,... 

Gold Hawk ordered to relocate Peruvian processing, tailings ops

21st July 2008 The government of Peru has issued an emergency decree declaring a state of emergency in the district of San Mateo, where Canadian miner Gold Hawk has its Coriancha gold and silver mine, ordering the company to move its processing plant and tailings area.  

Now’s the time for ‘lasting African value creation’, Randgold Resources CEO Mark Bristow harangues

By: Martin Creamer     18th July 2008 Unique opportunities must be swiftly and wisely seized when they arise if lasting benefit is to be realised, and such an opportunity is now at hand for Africa to create ‘lasting value’ out of the current global commodities boom.  

Second wave of African gold exploration on cards, says Randgold’s Bristow

By: Martin Creamer     18th July 2008 The substantial infrastructures that bulk commodity miners are planning in Africa could well fuel a second round of gold mine exploration and development across the continent, says Randgold Resources CEO Dr Mark Bristow. 

NUM wants Primrose Gold’s mining right seized 

By: Matthew Hill     15th July 2008 The National Union of Mineworkers (NUM) on Wednesday called on the Department of Minerals and Energy (DME) to take away the mining rights from the small gold operator of the Primrose Gold mine, east of Johannesburg, because of alleged human rights abuses there. A phonecall to the mine, owned by... 

Ontario to protect large northern area, start mining law review

By: Liezel Hill     15th July 2008 The government of Ontario has announced that it will protect at least 225 000 km2 of forest in its northern boreal forest region from industrial development. At the same time, Premier Dalton McGuinty said that any new mining development in the rest of the province's far north will require “early... 

Human rights group 'deeply concerned' about DRC mine contract negotiations

By: Liezel Hill     14th July 2008 US nongovernmental organisation the Carter Centre on Monday urged the Democratic Republic of Congo (DRC) not to rush ahead with the process of renegotiating key mining contracts until clear guidelines have been established and people with the right expertise have been appointed. “The Carter... 

Anglo-linked MMX’s office searched in police probe

By: Matthew Hill     14th July 2008 Brazilian firm MMX Mineracaoe Metalicos, which is linked to Anglo American, confirmed at the weekend that Federal police had raided its offices to seize documents, but denied the allegations tabled at it. The company said that it would cooperate with any legal investigation, while Anglo American... 

Zim to announce board to implement new indigenisation law

By: Oscar Nkala     11th July 2008 The Zimbabwean government this week moved a step closer to rolling out its economic indigenisation programme saying it will soon announce a new board to supervise the speedy implementation of the Indigenisation and Economic Empowerment Act while welcoming what it said was a 'flood on... 

Erring SADC mining companies face tough future

By: Rozanne Cloete     11th July 2008 Mining companies in the Southern African Development Community (SADC) countries will face more pressure in the future to manage the impact of their operations on air quality, says consulting engineering group SRK Consulting’s principal scientist and partner, Vis Reddy.  

Venezuela govt to form gold-mining venture with 'partner of choice' Rusoro

By: Liezel Hill     10th July 2008 Vancouver-based Rusoro, which has bought gold-mining assets in Venezuela from both Hecla Mining and Gold Fields over the last 12 months, has been named as the country's “partner of choice” in the gold-mining industry, the firm revealed on Thursday. Rusoro, whose main shareholders and management... 

BHP starts China regulatory clearance process for Rio merger

By: Matthew Hill     4th July 2008 BHP Billiton has begun the filing process to get clearance for its proposed merger with rival Rio Tinto with China’s Ministry of Commerce (Mofcom), it said on Friday. The resources multinational has already filed for clearance in the European Union, the US, Australia, Canada and South Africa,... 

Pacific Rim halts El Salvador drilling, fires staff on mine permit delay

By: Liezel Hill     3rd July 2008 Shares in Vancouver-based Pacific Rim Mining fell 34,18% on Thursday, after the company said that it had begun scaling back operations at its gold projects in El Salvador, and would halt drilling until it was awarded a long-awaited mining permit for its El Dorado project in the country. “The... 

Chromex shares surge on SA licence approval

By: Liezel Hill     2nd July 2008 Aim-listed Chromex Mining gained 14,3% on Wednesday, after the firm announced it had been awarded a new-order mining right for its Mecklenburg chromite deposit, in South Africa's Limpopo province. The project contains a 9,6-million ton underground resource, which Chromex plans to mine over a ten... 

Gold Fields' 80m-rose Living Gold venture looking to R50m expansion with new partner 

By: Martin Creamer     2nd July 2008 Gold Fields' four-year-old Living Gold venture near Carletonville, which has produced 80-million cut roses and exported 30-million of them abroad, is looking to taking on an additional partner and expanding, Gold Fields CEO Nick Holland tells Mining Weekly Online. 

State financier, miners to set up R64m loan scheme to assist small gold jewellers

By: Matthew Hill     26th June 2008 South Africa's State-owed Industrial Development Corporation (IDC) will establish a R64-million loan scheme aimed at helping small gold jewellers in the country, in a joint venture with two major miners, it said on Thursday. The finance institution was also working on a funding scheme to assist... 

Court rules in favour of AngloGold in R2,7m silicosis case

By: Chanel de Bruyn     26th June 2008 The Johannesburg High Court on Thursday ruled in favour of gold-miner AngloGold Ashanti in terms of a R2,7-million occupational health disease claim lodged by a former employee, Thembekile Mankayi. The ruling had also settled a dispute on whether mineworkers, who had already been compensated... 

Eastplats aims for 530 000 oz/y in four years, despite power squeeze

By: Liezel Hill     26th June 2008 Vancouver-based platinum-miner Eastern Platinum (Eastplats) expects to increase its precious-metals production in South Africa to more than 530 000 oz/y of platinum-group metals by the end of 2012. Eastplats has forecast output for this year of 128 500 oz from its Crocodile River mine, and plans... 

JSE suspends trading in Sentula shares

By: Matthew Hill     26th June 2008 Mining services and coal development company Sentula Mining on Thursday again run into trouble with the JSE, leading to its shares being suspended this time. CEO Robin Berry said that the JSE believed that the miner had breached the bourses' rules by giving a profit forecast in its results... 

Diamond body urges members to boycott Venezuela gems

By: Matthew Hill     25th June 2008 Do not buy diamonds from Venezuela or face expulsion, the World Federation of Diamond Bourses (WFDB) warned its members on Wednesday. This came after the South American country earlier this month suspended itself from the Kimberley Process (KP), which industry and governments set up to combat... 

PNG won't renew licence for Frontier Resources' project

By: Liezel Hill     25th June 2008 Papua New Guinea's (PNG's) Minister of Mining has officially refused to renew ASX-listed Frontier Resources' exploration licence for its Kodu copper/gold/molybdenum project, the company reported on Wednesday. No reasons were given for the refusal, and the company said it would now launch a legal... 

Kermas SA to reallocate shares in Samancor BEE deal following dispute

By: Matthew Hill     23rd June 2008 Following a dispute, ferrochrome producer Kermas South Africa has cancelled the 28% transfer of shares in its black economic-empowerment (BEE) deal, but plans to reallocate the same stake to meet its original broad-based objectives. Chairperson, and the man tasked with putting the deal together,... 

Centerra bounces back

By: Liezel Hill     18th June 2008 Shares in beleaguered gold-miner Centerra Gold rebounded on Wednesday, as investors considered news that the company had resumed international arbitration in a dispute with the government of Kyrgyzstan, and that production at its Kumtor mine in the country was continuing as normal. Shares in the... 

Crystallex appeals to Minister over Las Cristinas permit refusal

By: Liezel Hill     17th June 2008 Toronto-based Crystallex International has filed a rebuttal with Venezuela's Minister of the Environment and Natural Resources, after a previous appeal to the official who denied the company an exploration permit, was refused. The Minister has 90 business days in which to issue a decision... 

Centerra says mining not affected by Kyrgyz court order, CEO quits

By: Liezel Hill     17th June 2008 Shares in Canadian gold-miner Centerra Gold lost more than a quarter of their value on Tuesday, despite the company's assurance that mining at its Kumtor operation, in Kyrgyzstan, was continuing as normal, after press reports that a Kyrgyz court had cancelled the company's licences to... 

Appeals court overturns earlier decision, confirms approvals for BC mine

By: Liezel Hill     16th June 2008 A Canadian appeals court has set aside an earlier decision by a lower court to block environmental approvals for Imperial Metals' Red Chris copper/gold project, based on a case brought by industry watchdog MiningWatch Canada, and has reconfirmed the government's environmental... 

Mining industry, government at odds over High Court ruling on mine dump rights

By: Irma Venter     13th June 2008 South Africa’s mining industry and the Department of Minerals and Energy (DME) are at odds over a December ruling in the Bloemfontein High Court that the Mineral and Petroleum Resources Development Act (MPRDA), of 2002, does not apply to all of South Africa’s old mine dumps. 

Zimbabwe goverment threatens to seize, redistribute unexploited mining claims

By: Oscar Nkala     13th June 2008 The Zimbabwe government says is considering seizing unexploited mining claims so that they may be parceled out to locals in line with its indigenisation drive. 

Sonjica says no intention of quitting politics after 2009 general election

By: Matthew Hill     9th June 2008 Minister of Minerals and Energy Buyelwa Sonjica will not retire from politics after the general election in April next year, despite the ruling ANC having omitted her from its national executive committee (NEC) and national working committee (NWC), she said on Monday. What she would do after the... 

Australian antitrust regulator starts probe into BHP Rio Tinto bid

By: Liezel Hill     6th June 2008 The Australian Competition and Consumer Commission (ACCC) will start its assessment of BHP Billiton's proposal to buy rival Rio Tinto, after receiving a submission from the larger company on Friday. The ACCC has invited comment from other miners and interested parties, and will seek talks... 

Involvement of all stakeholders in implementing safety codes of practice urged

By: Brindaveni Naidoo     6th June 2008 Implementing codes of practice with the involvement of relevant stakeholders within a mining house or company is important, especially in enhancing health and safety, said differentiated corporate law firm, Brink Cohen Le Roux, senior associate Matthews Dikane at the Mine Health and Safety 2008... 

Newmont lifts stake in Gabriel Resources

By: Liezel Hill     3rd June 2008 Gold major Newmont Mining has bought an additional 1,5% in Toronto-based Gabriel Resources, bringing its holding in the smaller company to 19,9%, just shy of the 20% threshold that would require Newmont to make a mandatory offer for Gabriel. 

Draft Bill fails to deal with double-royalty conundrum, but chamber welcomes general thrust

By: Matthew Hill     3rd June 2008 While the country's Chamber of Mines (CoM) welcomed South Africa’s fourth and final draft of the Mining and Petroleum Resources Royalty Bill released on Tuesday, it was concerned that it still failed to address the problem of double royalties, a chamber official said. CoM chief... 

Eldorado starts construction at Turkey gold project

By: Liezel Hill     2nd June 2008 Vancouver-based Eldorado Gold has received all the necessary permits and approvals to start building its Efemcukuru mine, in Turkey, and has begun site preparation work at the project, the company said on Monday. Efemcukuru, which will be the company's second mine in the country, is expected... 

Kyrgyz parliament misses deadline for Centerra deal ratification

By: Liezel Hill     2nd June 2008 Agreements between Canadian gold-miner Centerra Gold and the government of Kyrgyzstan were assumed to have expired, after the country's parliament appeared not to have met a deadline of June 1 to ratify the deal, the company said on Monday. "We haven't heard anything from the... 

Crystallex to appeal to Venezuela minister over Las Cristinas permit denial

By: Liezel Hill     30th May 2008 Toronto-based Crystallex International has been advised that a legal rebuttal filed by the company, against a decision to refuse an exploration permit at the company's Las Cristinas project, has been denied. The company has the right to appeal to the Minister of the Environment and Natural... 

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