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Legislative Environment News

Ontario vows to cut mining red tape

By: Creamer Media Reporter      6th March 2019 The Ontario government has used the yearly Prospectors and Developers Association of Canada (PDAC) convention to announce to the global mining industry that the province is open for business and that it will remove barriers to investment. Premier Doug Ford and Energy, Northern Development and... 

Canadian PM makes special visit to PDAC conference

By: Creamer Media Reporter      6th March 2019 Canadian Prime Minister Justin Trudeau on Tuesday dropped by the yearly Prospectors and Developers Association of Canada (PDAC) conference, in Toronto, telling delegates that the minerals industry is important to the prosperity of the country. According to a statement issued by the PDAC, he... 

India approves ‘first right to refusal’ to mineral reconnaissance permit holders

By: Ajoy K Das     6th March 2019 The Indian government will grant reconnaissance permit (RP) holders a ‘first right of refusal’ in cases where a mineral block is put up for auction wherein the RP holder has established evidence of minerals. The move is aimed at boosting sentiment among prospective investors, as RP holders would... 

RBPlat studying solar energy, upgrading slimes dams  

By: Martin Creamer     5th March 2019 Black-owned and black-managed mining company Royal Bafokeng Platinum (RBPlat) is investigating the use of renewable energy sources and investing in the upgrading of its tailings storage facilities. The company said in reply to Mining Weekly Online during question time at Tuesday’s presentation of... 

RBPlat studying solar energy, upgrading slimes dams
RBPlat executive head: operations Neil Carr outlines solar, tailings plans to Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd.

RBPlat highlights encouraging new govt approach to mining  

By: Martin Creamer     5th March 2019 South Africa’s only community owned mining group, Royal Bafokeng Platinum (RBPlat), on Tuesday highlighted the positive contribution being made to the local mining industry by President Cyril Ramaphosa and Mineral Resources Minister Gwede Mantashe and pledged to do its bit towards conquering... 

RBPlat highlights encouraging new govt approach to mining
RBPlat CEO Steve Phiri endorses new government approach at presentation covered by Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd

Royal Bafokeng Platinum secures R1bn building block  

By: Martin Creamer     5th March 2019 Black-owned and black-managed platinum group metals mining company Royal Bafokeng Platinum (RBPlat) on Tuesday announced a capital raise of R1 029-million through a rights offer that represents the key final building block to secure the company's path to 500 000 oz of platinum group element (4E)... 

Royal Bafokeng Platinum secures R1bn building block
RBPlat CFO Hanré Rossouw spells out rights offer at presentation covered by Mining Weekly Online’s Martin Creamer. Photo: Creamer Media’s Dylan Slater. Video: Creamer Media’s Nicholas Boyd

Brazil Mines Minister outlines approach to mining, opens minerals treasure chest

By: Creamer Media Reporter      5th March 2019 Brazil Mines and Energy Minister Bento Albuquerque has told company executives and international investors at the Prospectors and Developers Association of Canada (PDAC) conference, in Toronto, that the country is committed to attracting more foreign investment to the sector. The new government,... 

Brazil Mines Minister outlines approach to mining, opens minerals treasure chest
Brazil Mines and Energy Minister Bento Albuquerque

New Canada mining plan unveiled

By: Marleny Arnoldi     4th March 2019 Natural Resources Minister Amarjeet Sohi on Sunday unveiled the Canadian Minerals and Metals Plan (CMMP), but it failed to win the support of Ontario and Saskatchewan. Sohi described the plan as a “generational initiative”, which would raise Canadians' awareness of the importance of the minerals... 

New Canada mining plan unveiled

Congo President supports predecessor's mining policies  

By: Bloomberg     4th March 2019 The Democratic Republic of Congo’s new President appeared to offer support to his predecessor’s defining mining policies, which are opposed by international investors active in the country. “We will clean up the business climate through the popularization of the new mining code and the conclusion... 

Mine fatalities decrease by 10% in 2018 

By: Simone Liedtke     1st March 2019 Following the notable regression of mine health and safety in 2017, which resulted in the death of 90 mineworkers, the Department of Mineral Resources (DMR) chief inspector David Msiza on Friday said there were 10% fewer fatalities – 81 – in 2018. As health and safety is integral to the long-term... 

Mine fatalities decrease by 10% in 2018
Photo by Creamer Media's Dylan Slater
Department of Mineral Resources (DMR) chief inspector David Msiza

Canadian execs confident of growth, miners looking to be buyers

By: Creamer Media Reporter      1st March 2019 Despite concern about the future of the mining sector in Canada, given recent deals that could shift control out of the country, KPMG Canada partner Heather Cheeseman believes that the industry remains healthy and that miners will grow their businesses this year. In its latest global mining risk... 

Improved policy perception boosts South Africa’s investment attractiveness ranking

By: Nadine James     1st March 2019 South Africa’s investment attractiveness has improved, primarily on the back of improved policy perception, the Fraser Institute’s 2018 mining survey, which was released on Friday, shows. Fraser’s yearly survey ranks mining jurisdictions based responses from mining and exploration companies. It... 

Glencore CEO is said to meet Congo leader after ties strained

By: Bloomberg     1st March 2019 Glencore CEO Ivan Glasenberg met the Democratic Republic of Congo’s new president this week, their first encounter since Felix Tshisekedi took office, according to people familiar with the matter. The meeting comes after relations between mining companies and the government deteriorated last... 

Glencore cites trade as its 'foremost risk', others rising

By: Reuters     1st March 2019 Miner and trader Glencore said trade barriers are its "foremost risk", but climate, political, legal and other risks had become more prominent. Glencore, said in its annual report published on Friday that it was seeking to mitigate these challenges through conservative spending and strict... 

Gazetting of platinum group metals zone expected by May – Implats 

By: Martin Creamer     1st March 2019 The gazetting of the area dedicated to platinum-using fuel cell development in the Springs area is expected to be complete by May this year, Impala Platinum (Implats) group executive refining and marketing Sifiso Sibiya said this week. Responding to Mining Weekly Online during the Implats media... 

Gazetting of platinum group metals zone expected by May – Implats
Impala Platinum group executive refining and marketing Sifiso Sibiya

Regulatory uncertainty reduced Qld investment appeal

By: Esmarie Iannucci     1st March 2019 The Queensland Resources Council (QRC) has called a meeting with the state government to discuss the decline of the state’s attractiveness for resources investment. This comes after the Fraser Institute’s global survey of mining companies found that the state’s investment attractiveness had... 

Regulatory uncertainty reduced Qld investment appeal
QRC CEO Ian Macfarlane

Nevada takes crown as world’s most attractive investment destination

By: Mariaan Webb     1st March 2019 Nevada is the most attractive jurisdiction in the world for mining investment, followed by Western Australia and the Canadian province of Saskatchewan, according to the yearly mining survey of Canadian policy think-tank Fraser Institute. Nevada, which Barrick Gold CEO Mark Bristow says is the... 

Nevada takes crown as world’s most attractive investment destination

Promising mining opportunities in Zim

By: Mamaili Mamaila     1st March 2019 Despite Zimbabwe’s foreign currency crisis, specialist strategy and communications consultancy Africa Practice (AP) Mining Sector lead Rishon Chimboza says, “on a per capita basis, Zimbabwe is extremely well endowed with natural resources, so opportunities will always be there.” 

Promising mining opportunities in Zim
SPOTLIGHT ON ZIM Zimbabwe will ensure that miners are able to retain as much foreign currency as possible

4IR: Mining companies need to make a wilful change

By: Mamaili Mamaila     1st March 2019 Following President Cyril Ramaphosa’s speech regarding the Fourth Industrial Revolution (4IR) at this year’s Investing in African Mining Indaba, mining companies made it clear that there will be some change in the near future as people start believing in practical impact of digitalisation and... 

4IR: Mining  companies need to make a wilful change
EDUARD VORSTER Focusing outside of mining per se is becoming so much more important – to bring transformation, so that playground so that the mine is a catalyst for a macro economy

Indaba created positive platform – Baxter

By: Mamaili Mamaila     1st March 2019 The 2019 Investing in African Mining Indaba was a useful platform where stakeholders worldwide, including producers, investors and government officials discussed the issues facing the mining industry, and also the opportunities that would enable the industry to achieve its full potential, says... 

Indaba created positive platform – Baxter
Roger Baxter Significant efforts have been made by the organisers of the Indaba to ensure that the conference is more relevant to companies

ERG focused on advancing electric vehicle and battery industry

By: Mamaili Mamaila     1st March 2019 While some volatility is expected, there is optimism about the prospects of demand for cobalt and copper in 2019 which will be sustained in part by the advent of the Fourth Industrial Revolution (4IR), says diversified natural resources producer Eurasian Resources Group (ERG) CEO Benedikt Sobotka. 

ERG focused on advancing electric vehicle and battery industry
Benedikt Sobotka ERG remains committed to sourcing materials in a responsible and sustainable manner and raising the quality of life for local communities

Kimberley Process must grasp opportunity to correct limitations – WDC president

By: Nadine James     28th February 2019 As this is the final year of the Kimberley Process’ (KP’s) three-year review, the organisation must grasp the opportunity to correct failings in the system designed to prevent conflict diamonds from entering the distribution chain, World Diamond Council (WDC) president Stephane Fischler told a... 

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa 

By: Simone Liedtke     28th February 2019 President Cyril Ramaphosa on Thursday presided over the official inauguration of Vedanta Zinc International’s (VZI’s) Gamsberg mine, near Aggeneys, in the Northern Cape. The mine, which boasts one of the largest known and undeveloped zinc orebodies in the world, will contribute more than... 

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa
Photo by Creamer Media's Simone Liedtke
Northern Cape Premier Sylvia Lucas, President Cyril Ramaphosa, Vedanta Resources chairperson Anil Agarwal, VZI CEO Deshnee Naidoo and Mineral Resources Minister Gwede Mantashe

Platinum miners win reprieve as union delays South Africa strike

By: Bloomberg     28th February 2019 The world’s biggest platinum miners won a reprieve after a South African court reserved judgment on whether to block a week-long industry strike that was scheduled to start Thursday night. The Association of Mineworkers and Construction Union called the action in sympathy with members at Sibanye... 

Platinum miners win reprieve as union delays South Africa strike

India’s Assocham wants to put stop to ‘resource hoarding’

By: Ajoy K Das     27th February 2019 The mining industry in India has requested that the Mines Ministry include a provision in auction rules that will prevent successful bidders hoarding resources. The industry has pointed out that a large number of bidders at mineral block auctions aggressively put in bids and secure mineral assets... 

Freight rates drop as more ships become available – Assore 

By: Martin Creamer     27th February 2019 Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil ,with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonnes of iron-ore supply have been withdrawn from the market. 

Freight rates drop as more ships become available – Assore
Photo by Creamer Media
Assore CEO Charles Walters

Assore earnings up, dividend maintained 

By: Martin Creamer     26th February 2019 Mining and marketing company Assore on Tuesday reported 20% higher headline earnings to R2.92-billion in the six months to December 31, buoyed by an improved price basket and weaker exchange rate. Assore's jointly controlled Assmang recorded headline earnings of R4.29-billion, an increase of 23%... 

Assore earnings up, dividend maintained
Assore image on latest presentation booklet.

Mpumi Zikalala to head De Beers managed operations 

By: Martin Creamer     25th February 2019 De Beers Group has announced an initiative to consolidate its mining assets in South Africa and Canada into one business called De Beers Group Managed Operations. The new business will streamline operational management and identify synergies to create a more sustainable business in the two... 

Mpumi Zikalala to head De Beers managed operations
MD De Beers Broup Managed Operations Nompumelelo (Mpumi) Zikalala

Steinmetz stages Guinea comeback in Sarkozy-brokered deal

By: Bloomberg     25th February 2019 Israeli mining tycoon Beny Steinmetz is making a dramatic return to Guinea after the billionaire ended a bitter dispute with the West African country that brought his business empire to its knees. The settlement, brokered by former French President Nicolas Sarkozy, ends a seven-year-old dispute... 

Bill C-69 threatens natural resources investments, institute warns 

By: Mariaan Webb     22nd February 2019 Bill C-69 – the legislation the Canadian government introduced last year to overhaul federal environmental assessments for major projects – threatens to further depress investment in the “already depressed” natural resources sector, research institute CD Howe has warned. In a new report, ‘A... 

Bill C-69 threatens natural resources investments, institute warns

UG2 outperforms as Sibanye positions for new world ­  

By: Martin Creamer     21st February 2019 The soaring prices of rhodium and palladium have put new focus on the upper group two (UG2) reef, for long the poor cousin of Merensky reef in the hierarchy of platinum group metals (PGMs) mining. Merensky's predominant platinum content has made it the preferred reef for decades but UG2 is... 

UG2 outperforms as Sibanye positions for new world ­
Sibanye-Stillwater CEO Neal Froneman's results presentation reported on by Mining Weekly Online's Martin Creamer. Photograph: Creamer Media's Dylan Slater. Video: Creamer Media's Darlene Creamer.

Strike-hit but upbeat Sibanye confident of value uplift as precious metals shine 

By: Martin Creamer     21st February 2019 Precious metals company Sibanye-Stillwater expressed confidence on Thursday that the global precious metals surge would enable it to deliver value despite the prolonged strike challenge that the company is contending with. The company reported 8%-lower earnings before interest, taxes,... 

Strike-hit but upbeat Sibanye confident of value uplift as precious metals shine
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Glencore auditing 140 slimes dams 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore is auditing 140 slimes dams, 65 of them active and 75 of them closed. The company has been undertaking detailed assessments and audits of all material tailings storage facilities (TSFs) over the past three years, after accumulating a TSF... 

Glencore auditing 140 slimes dams
Photo by Glencore
Fifty-one percent of Glencore's tailings storage faciities are upstream dams.

Coal capped at 150 Mt/y – Glencore 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore has capped its coal capacity at 150-million tonnes of coal a year, a figure that it is close to and which it will not exceed. The company has been working on the cap with its investors since 2016 in the interests of the transitioning to a low... 

Coal capped at 150 Mt/y – Glencore
Photo by Glencore
Glencore is using wind turbine generated energy in Canada and Australia

Glencore ups low carbon transition, limits coal output

By: Martin Creamer     20th February 2019 Diversified mining company Glencore said on Wednesday that it was furthering its commitment a low carbon transition, following engagement with the investor signatories of the Climate Action 100+ initiative. As one of the world’s largest diversified mining companies, Glencore sees itself as... 

Glencore ups low carbon transition, limits coal output
Glencore CEO Ivan Glasenberg

Brazil iron-ore tragedy brings home reality of mining risk – Kumba  

By: Martin Creamer     19th February 2019 Following 58 mineworkers suffering fatal occupational accidents in South Africa in 2018, Kumba Iron Ore CE Themba Mkhwanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of life at Brumadinho, in Brazil, as a result of an iron-ore tailings dam collapse that killed 170... 

Brazil iron-ore tragedy brings home reality of mining risk – Kumba
Mining Weekly Online’s Martin Creamer reports on Kumba Iron Ore. Video: Creamer Media’s Nicholas Boyd.

Price premiums boosting quality-focused Kumba Iron Ore  

By: Martin Creamer     19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... 

Price premiums boosting quality-focused Kumba Iron Ore
Mining Weekly Online’s Martin Creamer reports on Kumba Iron Ore. Video: Creamer Media’s Nicholas Boyd.

Kumba pays dividend, boosts safety, explores, creates local jobs

By: Martin Creamer     19th February 2019 Product-improving  Kumba Iron Ore generated hefty operational cash flow, paid a competent final 2018 cash dividend, pressed on with exploration in a new area and supported the creation of 2 600 new jobs in the local community, during a fatality-free, safety-boosted year, characterised by higher... 

Kumba pays dividend, boosts safety, explores, creates local jobs
Kumba Iron Ore CE Themba Mkhwanazi

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