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Legislative Environment News

DRDGold declares cash dividend 

By: Martin Creamer     15th May 2020 The board of DRDGold has declared a cash dividend of 25 c a share for the quarter ended March 31, the surface gold mining company said on Friday. The Johannesburg- and New York-listed DRDGold, headed by CEO Niël Pretorius, said in a stock exchange news service (SENS) announcement that the... 

Australian Parliament passes hydrogen legislation

By: Esmarie Iannucci     15th May 2020 The Australian Parliament this week passed the Offshore Petroleum and Greenhouse Gas Storage (OPGGS) Amendment Bills amending the OPGGS Act 2006, which could pave the way for a new hydrogen industry in Australia. The Amendment Bills were now awaiting royal assent. “As Australia emerges from the... 

Australian Parliament passes hydrogen legislation

WA fixes construction mineral royalty

By: Esmarie Iannucci     15th May 2020 The Western Australian government on Friday announced that royalty rates for construction and industrial minerals used by Western Australia's building and construction sector will remain fixed for the next five-years starting in July. 

‘Forgotten Act’ could spur economic development

By: Mc'Kyla Nortje     15th May 2020 Government and industry should not forget the Infrastructure Development Act (IDA), promulgated in 2014, and the impact it could have on economic development, says legal service provider LNP Attorneys chief executive Nikita Lalla, especially now that the economy is slowly opening up. LNP... 

‘Forgotten Act’ could spur economic development
NIKITA LALLA Implementing the Act will ensure that that plans are fast-tracked to assist with economic development

Chamber paints bleak future

By: Tracy Hancock     15th May 2020 There remains no incentive for further investment in copper-rich Zambia’s mining industry, says the association for mining and allied companies Zambia Chamber of Mines (ZCM). In January, Mines and Minerals Development Permanent Secretary Barnaby Mulenga said government was upbeat about the... 

Chamber paints bleak future
OPTIMISTIC OUTLOOK? The Chamber of Mines production forecast is significantly below last year's total production

Glencore beats emissions target, sets out to deliver safety step change 

By: Martin Creamer     14th May 2020 Diversified mining and marketing company Glencore significantly surpassed its emission target in 2019 but described its safety performance as being unacceptable. In announcing the publication on its website of its 2019 Sustainability Report as well as its environment, social and governance (ESG)... 

Glencore beats emissions target, sets out to deliver safety step change
Glencore’s head of sustainable development Anna Krutikov

Power station switch from coal to hydrogen sets new global example 

By: Martin Creamer     14th May 2020 The transitioning of a US power station from coal to renewable hydrogen is leading the way in a world urgently in need of meaningful action to combat climate change. The ground-breaking transition by Intermountain Power Agency of Utah, is being facilitated by Mitsubishi Hitachi Power Systems,... 

Power station switch from coal to hydrogen sets new global example
Photo by MHPS
Renewable hydrogen stored underground.

Hydrogen gaining increasing levels of interest – AP Ventures 

By: Martin Creamer     13th May 2020 Hydrogen and the applications that it can enable are gaining increasing levels of interest and traction, says AP Ventures LLP. “We’re very optimistic about the role that fuel cells and hydrogen will play in decarbonising key sectors of the economy,” says AP Ventures in a written response to... 

Hydrogen gaining increasing levels of interest – AP Ventures
Photo by Bloomberg
Platinum-using hydrogen fuel cell.

Aus introduces new legislation to help small businesses

By: Esmarie Iannucci     13th May 2020 The Federal government on Wednesday introduced legislation to Parliament to assist small businesses to get paid on time. The Payment Times Reporting Bill 2020 will legislate transparency for large business payment times by requiring large businesses to report payment performance providing small... 

World’s top mining companies committed to climate change solutions – ICMM 

By: Martin Creamer     13th May 2020 Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report. The ICMM is an international organisation dedicated to a... 

World’s top mining companies committed to climate change solutions – ICMM
International Council on Mining and Metals CEO Tom Butler

Anglo delivering through volatile times with $14.5bn liquidity  

By: Martin Creamer     12th May 2020 How Anglo American is ‘delivering through volatile times’ was outlined on Tuesday  at Bank of America’s virtual global metals, mining and steel conference, where it reiterated its strong liquidity position of $14.5-billion, made up of $6.9-billion in cash and $7.6-billion in undrawn committed... 

Anglo delivering through volatile times with $14.5bn liquidity
Photo by Anglo American
Anglo American's FutureSmart MiningTM is an innovation-led approach to sustainable mining.

Indonesia passes new mining law revisions, met with praise and protest

By: Reuters     12th May 2020 Indonesia's parliament passed revisions to its mining law on Tuesday that will allow miners to extend permits and seek expansion of mining areas beyond current legal limits. Other parts of the law are also largely in line with mining rules under a proposed sweeping "omnibus" bill, aimed at... 

Indonesia passes new mining law revisions, met with praise and protest
The Grasberg mine, in Indonesia.

DMRE invites comment on Covid-19 guidelines for mining sector

By: Marleny Arnoldi     12th May 2020 The Department of Mineral Resources and Energy (DMRE) on May 11 published a guideline for public comment, which involves the compilation of a mandatory code of practice for the mitigation and management of Covid-19 in the mining sector. The department in a statement confirmed that this was in... 

DMRE invites comment on Covid-19 guidelines for mining sector

Sibanye reports record earnings, record gold safety, cut debt ratio 

By: Martin Creamer     12th May 2020 Record quarterly earnings, record gold-mining safety and a sharply falling debt ratio were achieved by precious metals mining company Sibanye-Stillwater in the first three months of 2020. In an operating update for the quarter ended March 31, the Johannesburg- and New York-listed company... 

Sibanye reports record earnings, record gold safety, cut debt ratio
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Progress in sale of AngloGold’s South African assets to Harmony ­ 

By: Martin Creamer     11th May 2020 The sale of the South African portfolio to Harmony Gold had made excellent progress, with unconditional competition approval received last week, AngloGold Ashanti CEO Kelvin Dushnisky said on Monday. The announced sale of the South African operations to Harmony Gold crossed an important hurdle... 

Progress in sale of AngloGold’s South African assets to Harmony ­
Photo by Creamer Media
Mponeng gold mine.

Gold price exceeding $2 000/oz would not surprise me – Dushnisky 

By: Martin Creamer     11th May 2020 There is every chance that the gold price could exceed $2 000/oz, said AngloGold CEO Kelvin Dushnisky on Monday. Answering journalists’ questions during a virtual media roundtable, Dushnisky said that a gold price higher than $2 000/oz would not come as a surprise to him at all. 

Gold price exceeding $2 000/oz would not surprise me – Dushnisky
Photo by Bloomberg
Kelvin Dushnisky

Mechanism in place to repatriate $252m from DRC – AngloGold 

By: Martin Creamer     11th May 2020 A mechanism is in place to repatriate $252-million from the Democratic Republic of Congo (DRC), AngloGold Ashanti CEO Kelvin Dushnisky said on Monday. The Johannesburg- and New York-listed company drew attention to the outstanding cash balances awaiting repatriation from the DRC in a first... 

Mechanism in place to repatriate $252m from DRC – AngloGold
The Kibali gold operation in Dempcratic Republic of Congo.

Pan African lifts Covid help to R5m, recalls workers, unhedges

By: Martin Creamer     11th May 2020 Gold mining company Pan African Resources stated on Monday that it had increased its Covid-19 assistance to R5-million, recalled its permitted employees, updated production guidance and removed hedging from the end of June. Headed by CEO Cobus Loots, the London- and Johannesburg-listed company... 

Pan African lifts Covid help to R5m, recalls workers, unhedges
Photo by Creamer Media
Pan African's Fairview gold operation.

Australian miners calling for reform of EPBC Act

By: Esmarie Iannucci     11th May 2020 A number of resources industry bodies have called for a reform of the Environment Protection and Biodiversity Conservation (EPBC) Act, as an independent review into the legislation continues. “Reforms to the Act are long overdue, and numerous reviews over the past decade have repeatedly... 

Australian miners calling for reform of EPBC Act

AngloGold cash flow soars 231%, liquidity boosted to $2bn

By: Martin Creamer     11th May 2020 Gold mining company AngloGold Ashanti more than trebled first-quarter cash flow from operating activities, bolstered its available liquidity to more than $2-billionn and improved leverage as key mines delivered solid performances. The Johannesburg- and New York-listed company, headed by CEO... 

AngloGold cash flow soars 231%, liquidity boosted to $2bn
AngloGold Ashanti CEO Kelvin Dushnisky

Lion ferrochrome smelter, Eastern Chrome mines restart – Merafe 

By: Martin Creamer     8th May 2020 Operations at the Lion ferrochrome smelter and Eastern Chrome mines of the Glencore Merafe Chrome Venture have recommenced, but the Boshoek, Rustenburg, Wonderkop, Lydenburg smelters and Kroondal mine will remain on care and maintenance until the macroeconomic environment improves, Merafe... 

Lion ferrochrome smelter, Eastern Chrome mines restart – Merafe
Photo by Creamer Media
The Lion ferrochrome plant, which uses 37% less electricity.

Appea report calls for investor certainty

By: Esmarie Iannucci     8th May 2020 A new report undertaken by advisory firm Wood Mackenzie (WoodMac) on behalf of the Australian Petroleum Production and Exploration Association (Appea) has found that Australia’s upstream oil and gas industry needs long-term regulatory stability to create attractive investment opportunities for... 

Appea report calls for investor certainty

DMRE prioritises regulatory review

By: Marleny Arnoldi     7th May 2020 The Department of Mineral Resources and Energy (DMRE) on May 7 briefed the Portfolio Committee on Mineral Resources and Energy on its annual performance plan for the 2020/21 financial year, as well as its strategic plan for the medium-term expenditure framework. Mineral Resources and Energy... 

DMRE prioritises regulatory review
Mineral Resources and Energy Minister Gwede Mantashe

DRDGold earnings up for quarter, R213m dividend paid  

By: Martin Creamer     7th May 2020 Surface gold mining company DRDGold on Thursday reported an 18% quarter-on-quarter increase in adjusted earnings to R389.3-million for the three months to March 31. The increase reflects a 13% increase in the average rand gold price received to R785 581/kg, the Johannesburg- and New York-listed... 

DRDGold earnings up for quarter, R213m dividend paid
Photo by Creamer Media
DRDGold's Ergo plant on the East Rand.

Harmony Gold targeting Covid test facilities on own mine premises 

By: Martin Creamer     7th May 2020 Gold mining company Harmony Gold is targeting the establishment of coronavirus testing facilities at its own premises to speed up the current two-day turnaround time. “As an industry, we’ve put together a process to get more test facilities on our own premises. At the moment we do it through... 

Harmony Gold targeting Covid test facilities on own mine premises
Photo by Creamer Media's Donna Slater
Peter Steenkamp

Judgment reserved at Mining Charter review hearing 

By: Martin Creamer     7th May 2020 A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and  Van Der Schyff reserved judgment on the application lodged by the Minerals Council South Africa on March 27, 2019, when the... 

Judgment reserved at Mining Charter review hearing
Photo by Creamer Media
Minerals Council South Africa building in central Johannesburg.

Mining needs regulatory lifeline amid pandemic, says law firm

By: Simone Liedtke     6th May 2020 The full impact of South Africa’s “Covid-19 induced hibernation” will only fully emerge in the months and years to come, law firm Hogan Lovells Asia-Africa practice group head Wessel Badenhorst says. Considering that, by the same token, businesses and employees alike are metaphorically fighting... 

Barrick’s Bristow receives massive vote of confidence 

By: Martin Creamer     6th May 2020 Barrick Gold Corporation on Wednesday announced that the nominees listed in the information circular for the 2020 annual meeting of shareholders were elected as directors of Barrick. Detailed results of the vote for the director’s election shows that Dr Mark Bristow, who has still to reach his... 

Barrick’s Bristow receives massive vote of confidence
Photo by Blomberg
Mark Bristow

Buffalo implements ‘no work, no pay’ for unusable services employees

By: Martin Creamer     6th May 2020 Coal mining company Buffalo Coal said on Wednesday that it had implemented a ‘no-work-no-pay’ policy for those employees whose services could be not utilised since the extension of national lockdown on April 17. In its fourth Covid-19 update, Buffalo stated that it had successfully implemented... 

Buffalo implements ‘no work, no pay’ for unusable services employees
Buffalo Coal's Aviemore mine.

MC Mining restarts, ‘no work, no pay’ for nonessential staff  

By: Martin Creamer     5th May 2020 The mechanised Uitkomst underground colliery has restarted, with ramp up to 50% capacity expected in seven to ten days, London-, Sydney- and Johannesburg-listed MC Mining said on Tuesday. The lockdown’s impact on activities at the corporate office had led to the implementation of business... 

MC Mining restarts, ‘no work, no pay’ for nonessential staff
Brenda Berlin

Amplats ramps up stricken smelter, force majeure to be lifted 

By: Martin Creamer     5th May 2020 The repair of the stricken Anglo Converter Plant (ACP) Phase B unit has been safely and successfully completed ahead of schedule, Anglo American Platinum (Amplats) said on Monday. Amplats' chain of processing facilities, as well as the ACP Phase B unit that was meant to replace it, was... 

Amplats ramps up stricken smelter, force majeure to be lifted
Photo by Amplats
A general view of the Anglo Converter Plant.

Exxaro provides more Covid relief, releases ESG report plus financials 

By: Martin Creamer     4th May 2020 Diversified mining and renewable energy company Exxaro on Monday pledged a further R3.45-million aid in response to the Covid-19 pandemic, while also releasing its integrated sustainability report and making available its audited financial statements for 2019. The latest R3.45-million to assist... 

Exxaro provides more Covid relief, releases ESG report plus financials
Photo by Creamer Media's Donna Slater
Exxaro CEO Mxolisi Mgojo

Bushveld enhances liquidity, implements detailed Covid programme 

By: Martin Creamer     4th May 2020 Vanadium producer Bushveld Minerals, which on Monday provided an operational update on Bushveld Vanadium and Bushveld Energy for the three months to March 31, is implementing a detailed programme in response to the Covid-19 pandemic and drawing down its full R375-million of bank debt facilities... 

Bushveld enhances liquidity, implements detailed Covid programme
Photo by Creamer Media
Fortune Mojapelo

Mopani Copper Mines restarting operations for 90 days

By: Martin Creamer     3rd May 2020 Glencore-managed Mopani Copper Mines confirmed on Sunday that constructive discussions had taken place with the Zambian government and that mining operations would be restarted and a notice issued of the company’s intention to place the mining operations on care and maintenance after 90 days.... 

Mopani Copper Mines restarting operations for 90 days
Mopani Copper Mines shaft complex.

Competition Tribunal approves Harmony-AngloGold transaction  

By: Martin Creamer     30th April 2020 The Competition Tribunal has unconditionally approved Harmony Gold’s acquisition of Mponeng gold mine, other assets and other related liabilities from AngloGold Ashanti. The purchase price includes $200-million in cash, plus a deferred payment of up to $100-million. As Mining Weekly has reported,... 

Competition Tribunal approves Harmony-AngloGold transaction
Mponeng Gold Mine.

Covid-positive Impala Canada employee dies

By: Martin Creamer     30th April 2020 An employee of Impala Canada has died after testing Covid-19 positive, Implats said on Thursday. Twenty five employees tested positive at Impala Canada’s Lac des Iles operation, resulting in the mine being closed and placed on care and maintenance. 

Covid-positive Impala Canada employee dies
An ore pile at Impala Canada.

Glencore well positioned to navigate Covid challenges – Glasenberg 

By: Martin Creamer     30th April 2020 Diversified mining and marketing company Glencore is well positioned to navigate the current challenges presented by the Covid-19 pandemic, Glencore CEO Ivan Glasenberg said on Thursday, when the London- and Johannesburg-listed company reported first-quarter production and provided a general... 

Glencore well positioned to navigate Covid challenges – Glasenberg
Photo by Blooomberg
Ivan Glasenberg

Unplanned interruptions likely to be regular feature – Implats 

By: Martin Creamer     30th April 2020 Unplanned interruptions are likely to be a regular feature of the remaining months of the 2020 financial year, Implats CEO Nico Muller said on Thursday, when his platinum group metals mining and refining company presented production results for the three months to March 31. The impact of the... 

Unplanned interruptions likely to be regular feature – Implats
Nico Muller
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