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Legislative Environment News

SRK weighs in on draft community resettlement guidelines

By: Marleny Arnoldi     9th April 2020 Resettlement is a growing concern during the development of large public and private projects in sectors such as mining and energy, says SRK Consulting senior social scientist Jessica Edwards. It is, therefore, opportune that the South African government is seeking to define a common approach... 

Gold ETFs hit record high in first-quarter surge – World Gold Council 

By: Martin Creamer     8th April 2020 The highest quarterly amount of exchange traded fund (ETF) gold ever in absolute US dollar terms, plus the largest tonnage additions since 2016, were realised in the first quarter of this year, the World Gold Council reported on Wednesday. First-quarter global gold-backed ETFs and similar... 

Gold ETFs hit record high in first-quarter surge – World Gold Council
Photo by Creamer Media
Gold bars

Gold maintaining centuries old safe haven role – LBMA 

By: Martin Creamer     8th April 2020 By any measure, gold is maintaining its centuries old role as a safe haven and store of value in troubled times, London Bullion Market Association (LBMA) CEO Ruth Crowell stated on Tuesday. Figures for the first quarter of this year have boldly underlined gold’s continuing importance as a key... 

Gold maintaining centuries old safe haven role – LBMA
Photo by Creamer Media
London Bullion Market Association (LBMA) CEO Ruth Crowell.

Glencore's Mopani copper mines on care and maintenance 

By: Martin Creamer     7th April 2020 Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. Mopani, owned 73.1% by Glencore, is an integrated copper producer located in the Copperbelt of central Zambia. 

De Beers contributes $2.5m virus funding to Botswana, Namibia  

By: Martin Creamer     7th April 2020 Diamond mining and marketing corporation, the De Beers Group, on Tuesday announced that it would contribute $2 500 000 across Botswana and Namibia to aid the response to the Covid-19 crisis. De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting... 

De Beers contributes $2.5m virus funding to Botswana, Namibia
De Beers Group CEO Bruce Cleaver

Gold Fields promoting widespread human welfare during lockdown 

By: Martin Creamer     7th April 2020 Gold mining company Gold Fields, which has placed its South Deep gold mine in Gauteng on care and maintenance for the 21-day lockdown period, is promoting human welfare funding across a number of fronts during the Covid-19 crisis. Firstly, South Deep, the Westonaria mine with a 70-year life, will... 

Gold Fields promoting widespread human welfare during lockdown
Photo by Creamer Media
Gold Fields executive VP Martin Preece

BlueRock increases Q1 diamond sales, uncertain of Covid-19 impact

By: Natasha Odendaal     7th April 2020 Aim-listed listed diamond producer BlueRock Diamonds’ good performance during the first quarter of 2020 has been overshadowed by the ongoing Covid-19 pandemic which has halted operations. The group, which owns and operates the Kareevlei diamond mine, in Kimberley, sold 3 267 ct during the first... 

Covid-19 preventing shareholders from attending Anglo AGM

By: Martin Creamer     7th April 2020 Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM. The London- and Johannesburg-listed diversified mining company said in a... 

Standard notes SARB’s hold-back advice on dividends, bonuses

By: Martin Creamer     7th April 2020 Africa’s biggest bank by assets, Standard Bank Group, said on Tuesday that it had noted the contents of the guidance of the Prudential Authority of the South African Reserve Bank (SARB) on dividend distributions to ordinary shareholders. SARB’s Prudential Authority, headed by Kuben Naidoo, has... 

Standard notes SARB’s hold-back advice on dividends, bonuses
Sim Tshabalala

Anglo going to great lengths to support South Africa in its Covid-19 hour of need  

By: Martin Creamer     6th April 2020 Diversified mining company Anglo American is going to remarkable lengths to support South Africa through the devastating Covid-19 crisis. The London- and Johannesburg-listed company, headed by Australian Mark Cutifani, is showing far-reaching corporate humanitarianism by taking firm steps to... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need
Photo by Bloomberg
Mark Cutifani

Minister finds Covid-19 compliant mines but also laggards 

By: Martin Creamer     6th April 2020 As calls go out for mining to resume on April 17 or face serious setback, Mineral Resources and Energy Minister Gwede Mantashe has found excellent Covid-19 compliance by some coal mines that have been allowed to stay open to supply coal to Eskom – but inadequate response to directives by others.... 

Minister finds Covid-19 compliant mines but also laggards
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

DRD consulting with govt, labour to restart Far West Rand gold recoveries 

By: Martin Creamer     3rd April 2020 Surface gold mining company DRDGold is considering re-starting operations at its Far West Gold Recoveries surface retreatment operation at Carletonville, south-west of Johannesburg, in consultation with government and organised labour. DRDGold CEO Niël Pretorius states on the company’s website... 

DRD consulting with govt, labour to restart Far West Rand gold recoveries
Photo by Creamer Media
Niël Pretorius

Council turns attention to Ghana

By: Tracy Hancock     3rd April 2020 South African Capital Equipment Export Council (SACEEC) member companies are increasingly looking outside of the South African market for opportunities, owing to the country’s current economic climate, says SACEEC director and CEO Eric Bruggeman. “South Africa’s market is dead. The local... 

Council turns attention to Ghana
EASY ACCESS Ghana, Africa’s top gold producer, offers South African capital equipment manufacturers favourable shipping accessibility through the Port of Tema

Coronavirus one of several factors affecting mining

By: Mamaili Mamaila     3rd April 2020 The volatility caused by global events, such as the outbreak of Covid-19, otherwise referred to as coronavirus, and stock market turmoil have definitely impacted on the planning and execution of mining operations and related supply chains, says mine ventilation equipment manufacturer Terramin... 

Coronavirus one  of several factors affecting mining
DEEP-LEVEL SOLUTIONS Terramin provides dust-control and associated workspace ventilation equipment and services for underground and deep-level mining working spaces

Deep-level operations remain viable although concerns linger

By: Mamaili Mamaila     3rd April 2020 Mining industry employers’ organisation Minerals Council South Africa believes that there is still a viable future for deep-level operations in South Africa. 

Deep-level operations remain  viable although concerns linger
THE ESSENCE OF SURVIVAL Modernisation vital to the longterm survival of deep-level mining in South Africa

Legislation, other factors have enhanced deep-level operations

By: Mamaili Mamaila     3rd April 2020 The deep-level mining sector in South Africa has “advanced significantly” from a health and safety perspective, says law firm ENSafrica mine and occupational health and safety executive Willem le Roux. 

Legislation, other factors have enhanced deep-level operations
SIGNIFICANT ADVANCES The research that the Minerals Council South Africa has been conducting since 1997 has significantly advanced the deep-level mining sector

AngloGold hands over two hospitals to authorities for Covid-19 patients 

By: Martin Creamer     2nd April 2020 Gold mining company AngloGold Ashanti has embarked on a remarkable number of humanitarian initiatives to slow the spread of the coronavirus pandemic, including making two of its mining hospitals available to the provincial governments of North West and Gauteng for the exclusive use by them to... 

AngloGold hands over two hospitals to authorities for Covid-19 patients
Kelvin Dushnisky

ENS Africa unpacks amendments to the MPRDA

By: Marleny Arnoldi     2nd April 2020 Law firm ENS Africa has unpacked some of the amendments made to the Mineral and Petroleum Resources Development Act (MPRDA), which came into effect from March 27. The publication of the amended regulations follows the publication of the Draft Amendments to the MPRDA, which was published for... 

All Antofagasta mines to be powered by renewables at lower cost

By: Martin Creamer     1st April 2020 All of the electricity of the mining division of the London-listed Chile-based Antofagasta plc will from 2022 be from renewable sources at lower cost. This follows the signing by Antofagasta’s Centinela copper mine of a new power purchase agreement with Engie Energía Chile, effective from 2022... 

All Antofagasta mines to be powered by renewables at lower cost
Antofagasta CEO Iván Arriagada

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Standard Bank meeting all capital and liquidity requirements
Sim Tshabalala

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity 

By: Martin Creamer     31st March 2020 The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1- billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as... 

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity
Ivan Glasenberg

Assore halts mines and smelters, prioritises on-time supplier payment

By: Martin Creamer     31st March 2020 Mining and marketing company Assore, which is delisting from the Johannesburg Stock Exchange after 70 years, on Tuesday informed its shareholders that it had taken lockdown steps following the increased incidents of COVID-19 in South Africa. Assmang, which is half owned by Assore and jointly... 

Assore halts mines and smelters, prioritises on-time supplier payment
Photo by Creamer Media
Charles Walters

Harmony Gold’s nine underground mines cease operations  

By: Martin Creamer     31st March 2020 Mining has ceased at all of the nine underground gold mines of Harmony Gold but the Johannesburg- and New York-listed company’s surface retreatment operations and opencast mine will continue to function, collectively producing between 650 kg and 700 kg in the 21-day lockdown period in response to... 

Harmony Gold’s nine underground mines cease operations
Photo by Creamer Media
Peter Steenkamp

Gold Fields places South Deep mine on care and maintenance 

By: Martin Creamer     31st March 2020 Johannesburg- and New York-listed gold mining company Gold Fields has placed its South Deep gold mine in Gauteng on care-and-maintenance to coincide with South Africa’s lockdown until April 16. In publishing its integrated annual report for 2019 and a number of associated reports on its website,... 

Gold Fields places South Deep mine on care and maintenance
Photo by Creamer Media
Nick Holland

Proudly South African hydrogen breakthrough with Shell’s backing 

By: Martin Creamer     30th March 2020 At this time of huge coronavirus uncertainty, the chests of a group of engineers here must surely be bulging with pride following their major Proudly South African world breakthrough that could speed up the global deployment of hydrogen as a competitive universal and environmentally friendly... 

Proudly South African hydrogen breakthrough with Shell’s backing
Photo by Hydrox Holdings
Hydrox Holdings membraneless electrolyser.

Australia tightens foreign investment rules amid Covid-19 chaos

By: Esmarie Iannucci     30th March 2020 The federal government on Monday announced temporary changes to the foreign investment review framework that are designed to protect Australia’s national interest as the country dealt with the economic implications arising from the spread of the coronavirus. The changes come as reports emerged... 

Australia tightens foreign investment rules amid Covid-19 chaos

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge
Photo by Creamer Media
Dr Patrice Motsepe and Dr Precious Moloi-Motsepe at Saturday's remote media conference using the Internet to ensure social distance.

Covid-19 a wake-up call on import over-dependency – Madala

By: Martin Creamer     27th March 2020 The outbreak of Covid-19 internationally should be a wake-up call on the impact of South Africa’s dependency on imported products, Madala & Associates CEO Dilley Naidoo said on Friday. He urged that policies parallel to what was being implemented in the automotive sector should be prioritised in... 

Covid-19 a wake-up call on import over-dependency – Madala
Madala & Associates CEO Dilley Naidoo

Boipelo uses experience to court juniors

By: Nadine James     27th March 2020 Coal-focused Boipelo Mining Contractors – a Level 2 broad-based black economic empowerment joint venture formed by Murray & Roberts Cementation (MRC) and the Amandla TM Group – having recognised the opportunity presented by divesting majors, is actively courting players in the midtier and,... 

Boipelo uses experience to court juniors
EXCEEDING EXPECTATIONS Since its appointment, Boipelo Mining has consistently exceeded its monthly production target

Miner confident of new licence

By: Cameron Mackay     27th March 2020 Local coal miner Canyon Coal has applied for a new water use licence (WUL), in terms of the National Water Act, to develop its De Wittekrans coal project. De Wittekrans has an environmental authorisation, a mining right and a WUL. The reserve will be mined using opencast and underground mining... 

Miner confident of new licence
ACE IN THE COAL Product from the mine has been offered to Eskom through two separate tender processes

Coal remains vital to energy mix

By: Cameron Mackay     27th March 2020 Despite increased regulatory pressure regarding the environmental impacts of its mining, storage and use in power generation, coal is still essential to the local energy mix, says engineering consultancy WSP power generation consultant Wayne Lindecke. “We are not naïve to the negative... 

Coal remains  vital to energy mix
WAYNE LINDECKE As a country, we’re evolving and trying to get our energy mix right, so we are dependent on coal and will still be for a while

Coal faces funding troubles

By: Cameron Mackay     27th March 2020 While demand for coal is still rising, there has been a local trend towards financing more sustainable and ‘green’ projects. Through public and shareholder pressure and aligning with global trends, local financial institutions are also reconsidering their approach towards funding new coal... 

Coal faces  funding troubles
Photo by Creamer Media
THE COAL STORY Currently, about 77% of the country’s electricity is generated from coal

Sector rich in opportunities, despite recent trends

27th March 2020 In South Africa, as well as globally, there has been a trend towards renewable energy sources and away from thermal coal. Empowered coal miner Seriti Resources CEO Mike Teke states that, as the company aims to become State-owned power utility Eskom’s largest coal supplier and also has hopes to... 

Sector rich in opportunities,  despite recent trends
AT BECK AND COAL Coal-fired power will continue to fundamentally underpin of the growth of the local economy for the foreseeable future

Emerging miner on the difficulties in accessing project capital

By: Mamaili Mamaila     27th March 2020 The mining sector is transforming as technology presents new industry opportunities, says emerging miner Lurco Group COO Aubrey Chauke. 

Emerging miner on the difficulties in accessing project capital
Photo by Bloomberg
MOVING AWAY South African financial institutions no longer have an appetite for coal projects

Official gold holdings head for 34 000 t as global risks heighten 

By: Martin Creamer     26th March 2020 Central banks and supranational organisations, such as the International Monetary Fund and the Bank of International Settlements, currently hold nearly 34 000 t of gold as reserve assets, the World Gold Council reported on Thursday. The council puts the primary reason for recent gold buying down... 

Official gold holdings head for 34 000 t as global risks heighten
Photo by World Gold Council
Gold bars.

New gold futures contract launched – LBMA 

By: Martin Creamer     26th March 2020 A new gold futures contract just launched has expanded delivery options, London Bullion Market Association (LBMA) said on Thursday. The membership of LBMA, a gold and silver trade association, is made up of banks, traders and logistics companies across the world, resulting in it being given... 

New gold futures contract launched – LBMA
Photo by Creamer Media
LBMA executive board director Sakhila Mirza.

Global mining majors putting bright new spotlight on green hydrogen 

By: Martin Creamer     25th March 2020 Three years ago the Hydrogen Council catapulted hydrogen to the forefront as a source of energy for transport and industrial companies. Now mining majors are putting the spotlight on hydrogen once again with the launch of the Green Hydrogen Consortium, which Hatch marketing coordinator Alana... 

Global mining majors putting bright new spotlight on green hydrogen
Liquid organic hydrogen carrier (LOHC) technology renders hydrogen oil-like.
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