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Legislative Environment News

Pan African proposes record final dividend as headline earnings surge 

By: Martin Creamer     16th September 2020 Gold mining company Pan African on Wednesday proposed a record final dividend after headline earnings surged 93% and net cash generated by operating activities rose by 42%. Mining Weekly can report that, in the 12 months to June 30, gold produced by the London-, Johannesburg- and New York-listed... 

Court order affords interested, affected persons automatic access to mining right applications  

By: Marleny Arnoldi     15th September 2020 The Department of Mineral Resources and Energy (DMRE) has welcomed an order handed down by the High Court in Pretoria related to access to information and how it may be obtained. The court declared that interested and affected parties, as contemplated by the Mineral and Petroleum Resources... 

Platinum’s new sweeter spot elicits multiplicity of optimistic analyst views 

By: Martin Creamer     14th September 2020 The new sweeter spot that platinum group metals has entered drew a multiplicity of mainly optimistic viewpoints from analysts attending the virtual PGM Industry Day. Chaired by business development manager Rand Merchant Bank Henk de Hoop, the viewpoints were provided by Standard Chartered Bank... 

Platinum’s new sweeter spot elicits multiplicity of optimistic analyst views
Photo by Creamer Media
(From left top) Simon Kendall, Patrick Mann, Mandi Dungwa. (From left bottom) Henk de Hoop, Suki Cooper.

Platinum group metals patenting their way into battery EV space 

By: Martin Creamer     14th September 2020 Platinum Group Metals CEO R Michael Jones does not let grass grow under his feet. His parting shot to moderator Bernard Swanepoel at the virtual 2020 PGMs Industry Day last Wednesday was that platinum was on its way into battery electric vehicles as a battery metal. “If you're a great EV... 

Platinum group metals patenting their way into battery EV space
Platinum Group Metals CEO R Michael Jones

Congo says it will reimburse VAT to mining companies after audit

By: Reuters     14th September 2020 Congo said on Saturday it will reimburse value-added tax payments to mining companies operating in the country following an audit to determine how much it owes them, after a backlash over an earlier decision to stop payments. Africa's top copper producer has suspended the VAT on mining imports... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest 

By: Martin Creamer     11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest
Photo by Creamer Media
Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.

Pandemic puts strain on Zambian mining sector

By: Mc'Kyla Nortje     11th September 2020 Amid the challenges facing the Zambian mining industry, partially because of Covid-19, government has committed to waiving penalties and interest on the late payment of taxes, explains advisory firm KPMG Zambia tax partner Michael Phiri. The Central Bank has also set aside about R9-million, which... 

Pandemic puts strain on Zambian mining sector
MICHAEL PHIRI Should the Covid-19 pandemic continue into 2021/22, a different marketing strategy using information technology solutions would need to be adopted

Complex legislation may hinder investment

By: Mc'Kyla Nortje     11th September 2020 Despite the Zambian government’s programme to diversify the economy – into such sectors as tourism and agriculture – the mining and natural resources sector, particularly the copper mines, remain the most substantial potential contributor to growth and development in Zambia, says law firm Beech... 

Complex legislation may hinder investment
INVESTOR CONVIDENCE The primary concerns for investors in Zambia are the complexities surrounding mining law, constrained infrastructure, as well as unreliable electricity supply

Watch out lithium, platinum's eyeing your battery space, says PTM 

By: Martin Creamer     10th September 2020 Electric vehicles (EVs) are synonymous with lithium and fuel cell electric vehicles (FCEV) are synonymous with platinum group metals (PGMs), but will the twain meet? They certainly will if Toronto- and New York-listed Platinum Group Metals (PTM) CEO R Michael Jones has anything to do with it.... 

Watch out lithium, platinum's eyeing your battery space, says PTM
Photo by Creamer Media
Sandra du Toit and R Michael Jones (top) and Bernard Swanepoel (below).

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council  

By: Martin Creamer     9th September 2020 Instead of being the $11-billion-a -year type industry that it is today, the platinum business has the potential to be a $35-billion-a-year industry by 2050, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Baxter made this statement in response to a question put to him during a... 

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council
Minerals Council South Africa CEO Roger Baxter address to PGM Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri 

By: Martin Creamer     9th September 2020 Promoting the hydrogen economy should be South Africa’s number one priority, Royal Bafokeng Platinum CEO Steve Phiri said on Wednesday. Speaking during a panel discussion on the current state of the platinum group metals industry at the virtual 2020 PGMs Industry Day, Phiri said that this... 

Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri
Photo by Creamer Media
Steve Phiri, Andries Rossouw (from left top) and Natascha Viljoen, Nico Muller (from left bottom)

Prize potentially large in platinum fuel cell and hydrogen growth – prof   

By: Martin Creamer     8th September 2020 Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view of E4tech director Professor Dr David Hart of Switzerland, expressed in an address to a fuel cell webinar hosted by Nedbank CIB on Tuesday. (Also watch... 

Prize potentially large in platinum fuel cell and hydrogen growth – prof
Nedbank CIB fuel cell webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Hydrogen economy elevating platinum as store-of-value precious metal – WPIC

By: Martin Creamer     8th September 2020 The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today. The latest edition of WPIC’s Platinum Quarterly states that an evolving global sea-change in the environment debate may also be at play in... 

Hydrogen economy elevating platinum as store-of-value precious metal – WPIC
Green hydrogen in approved country strategies.

Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC

By: Martin Creamer     8th September 2020 Gold grabs the headlines and platinum less so but it is interesting to note that the platinum price has surged by a far bigger percentage than gold. Increased global risk due to the Covid-19 pandemic has driven strong investor demand for gold as a risk hedge, with gold ETF holdings up over 20%,... 

Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC
WPIC's Trevor Raymond

Qld's mining amendments take effect

By: Esmarie Iannucci     7th September 2020 The Queensland government has announced new mining reforms aimed at encouraging investment in the sector. Mines Minister Dr Anthony Lynham on Monday said that under the Mineral and Energy Resources and Other Legislation Amendment Act 2020, the government has introduced measures to strengthen the... 

Implats ups capex guidance to R6bn-plus for new financial year 

By: Martin Creamer     4th September 2020 Platinum group metals mining and marketing company Implats, which generated free cash flow of R14.4-billion in the 12 months to June30, is forecasting capital expenditure (capex) of between R6-billion and R6.8-billion in the new 2021 financial year. This is well up on the capex of R4.5-billion in... 

Implats ups capex guidance to R6bn-plus for new financial year
Impala Platinum 16 Shaft prioritised for ramp up.

QRC calls for royalty stability

4th September 2020 The Queensland Resources Council (QRC) has again called on the state government to commit to a decade of royalty rate stability in order to foster investment in the sector post Covid-19. The industry has also called on the government to “dramatically improve” its regulatory processes and cut... 

Company patents extraction method

4th September 2020 Canadian-listed rare earth clean technologies developer Geomega Resources’ patent application US15/578,498 titled, ‘A system and a method for metallurgical extraction of rare earth elements (REE) and niobium’, was approved by the United States Patent and Trademark Office in June. 

Company patents extraction method
IT IS CHEMICAL A total of 58 kg of regenerated HCl is to be used per metric ton of ore to extract REE and niobium

Challenges remain as industry forges ahead with transformation

By: Mamaili Mamaila     4th September 2020 It is important to acknowledge that the regulatory environment for local mining companies has been instrumental in progressing transformation and inclusion of women in the mining sector, integrated resources business Lurco Group says. 

Challenges remain as industry forges ahead with transformation
Photo by Lurco Group
LEE STOKES It is important for us to note that there still are industry barriers that affect the advancement of women in mining

Lagging platinum being actively promoted – Implats  

By: Martin Creamer     3rd September 2020 Demand for platinum, the price laggard of the high-flying platinum group metals basket, is being actively promoted on several fronts, Implats reported on Thursday. Following the company’s presentation of stellar cash-generating and dividend-yielding financial results, which featured a gross... 

Lagging platinum being actively promoted – Implats
Implats virtual results presentation covered by Mining Weekly’s Martin Creamer. Video: Kelly Creamer and Darlene Creamer.

Gross profit of cash-gushing Implats soars 240%, cash dividend declared

By: Martin Creamer     3rd September 2020 Platinum group metals (PGMs) mining and marketing company Implats on Thursday posted record headline earnings on the back of solid operational performances and record sales revenues – despite the considerable impact of Covid-19 – for its full year to June 30. The group, headed by CEO Nico... 

Gross profit of cash-gushing Implats soars 240%, cash dividend declared
Implats CEO Nico Muller

Bushveld advances electrolyte, solar, mini-grid projects 

By: Martin Creamer     2nd September 2020 London-listed integrated primary vanadium producer and energy storage provider, Bushveld Minerals, the owner of assets in South Africa, on Wednesday reported progress with the group’s electrolyte plant, solar and mini-grid power project. Bushveld Energy intends devising self-generation options... 

Bushveld advances electrolyte, solar, mini-grid projects
Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

South Africa’s green revolution gathering momentum 

2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... 

South Africa’s green revolution gathering momentum
Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold  

By: Martin Creamer     1st September 2020 South Africa Inc should be doing much more to incentivise the recovery of precious metals from tailings dams for sound societal and environmental reasons that could free Johannesburg of its artificial ‘Berlin Wall’-type political legacy barriers that tilt commute times unfairly and block new-era... 

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold
DRDGold CEO Niël Pretorius talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Cash-gushing DRDGold declares dividend on fourfold rise in operating profit 

By: Martin Creamer     1st September 2020 Surface gold mining company DRDGold on Tuesday declared its thirteenth successive-year dividend distribution on a fourfold-plus increase in group operating profit of R1 562.1-million, a sevenfold-plus headline earnings surge and rocketing market capitalisation. Free cashflow was R926.4-million... 

Cash-gushing DRDGold declares dividend on fourfold rise in operating profit
DRDGold CEO Niël Pretorius

South Africa must link tax laws to job creation, says ARM’s Motsepe   

By: Martin Creamer     31st August 2020 The private sector worldwide is the engine for job creation, in partnership with trade union organisations, government and communities, and South Africa must link its tax legislation to job creation. That is the view African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe... 

South Africa must link tax laws to job creation, says ARM’s Motsepe
African Rainbow Minerals executive chairperson Dr Patrice Motsepe responds to Mining Weekly’s Martin Creamer on attracting mining investment. Video: Darlene Creamer.

ARM earnings up, dividend declared 

By: Martin Creamer     31st August 2020 The headline earnings of diversified mining company African Rainbow Minerals (ARM) increased by 6% to R5 534-million for the financial year to June 30. A final dividend of R7 a share is declared, in addition to the interim dividend of R5 a share, taking the total dividend for the 2020 financial... 

ARM earnings up, dividend declared
Photo by Creamer Media
ARM executive chairperson Dr Patrice Motsepe

Analysts raise precious metals expansion opportunities for cash-flush Sibanye  

By: Martin Creamer     30th August 2020 Mining analysts last week raised local platinum and gold expansion opportunities for cash-flush precious metals mining company Sibanye-Stillwater, but Neal Froneman, the CEO of the superbly performing Johannesburg- and New York-listed company, expressed concern that South Africa’s current... 

Analysts raise precious metals expansion opportunities for cash-flush Sibanye
Sibanye-Stillwater half-year results covered by Mining Weekly’s Martin Creamer. Audio: Darlene Creamer.

Rhodium may turn out to be the metal of the decade – Northam 

By: Martin Creamer     28th August 2020 Rhodium may turn out to be the metal of the decade, Northam CEO Paul Dunne said on Friday. Speaking at the JSE-listed company’s presentation of outstanding results, which saw the company shrug off the Covid-19 pandemic to report a record financial year in the 12 months to June 30, Dunne said... 

Rhodium may turn out to be the metal of the decade – Northam
Northam Platinum results covered by Mining Weekly’s Martin Creamer. Video: Kutlwano Matlala.

Glencore puts entire stake in Mopani on the table in talks with Zambia – sources

By: Reuters     28th August 2020 Glencore will likely sell its entire 73.1% stake in Zambia's Mopani Copper Mines to the government's mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters. Zambia and Swiss-based Glencore are at "cross purposes" over Mopani,... 

Glencore puts entire stake in Mopani on the table in talks with Zambia – sources

High-flying Northam shrugs off Covid to achieve record year 

By: Martin Creamer     28th August 2020 Platinum group metals mining company Northam Platinum has shrugged off the Covid-19 pandemic to report a record financial year in the 12 months to June 30. The JSE-listed company, headed by CEO Paul Dunne, on Friday reported its best ever revenue of R17.8-billion, record operating profit of... 

High-flying Northam shrugs off Covid to achieve record year
Photo by Creamer Media
Paul Dunne

Company to provide energy storage for local mines

By: Cameron Mackay     28th August 2020 The local mining sector is becoming more open to implementing new technologies in terms of energy solutions, as they can make mining operations more efficient, productive and cost effective, states microgrid and energy solutions provider Hitachi ABB Power Grids MD Malvin Naicker. Hitachi ABB... 

Company to provide energy storage for local mines
CHANGING STATUS QUO The company is beginning to interact more with the mining industry to provide flexible, resilient and smart microgrid and energy storage solutions

Higher energy efficiency can save costs for miners

By: Cameron Mackay     28th August 2020 Local energy organisation the South African National Energy Development Institute (SANEDI) GM Barry Bredenkamp states that South Africa’s mining sector can continue to explore cost-saving measures through increased energy efficiency. Local miners face many challenges, including rising energy... 

Higher energy efficiency can save costs for miners
ENERGY EFFICIENCY GAINS With more environmental pressures being placed on miners, improving energy efficiency is one of the leading drivers to contribute to a reduction in harmful emissions

Logistics company branches out

By: Cameron Mackay     28th August 2020 Local logistics services supplier Mixcorp is including renewable-energy technology suited to the mining industry in the scope of its research and development (R&D) department to add renewables-related logistical services to its offering. Mixcorp special scientific adviser Dr Godfrey Gandawa... 

Logistics company  branches out
DR GODFREY GANDAWA We are in the process of setting up operations in Zambia and the DRC, working with mines that are considering investing in renewable energy technologies

Mining waste can boost alternative-fuels prospects

By: Cameron Mackay     28th August 2020 Certain wastes in the mining sector present an opportunity to create alternative fuels, which can alleviate the energy supply challenges in the local industry, says waste management solutions provider Interwaste. Repurposing waste for energy purposes can also reduce the reliance on landfills and... 

Mining waste can boost alternative-fuels prospects
REFUSE-DERIVED FUEL RDF is a solid fuel source recovered through the shredding and bailing of certain presorted dry industrial nonrecyclable waste

Pandemic prevents further engagement on housing draft

28th August 2020 A call for further engagement with the Department of Mineral Resources and Energy (DMRE) regarding the 2019 Draft Review of Housing and Living Conditions Standard has stalled as a result of the Covid-19 pandemic and the subsequent lockdown in South Africa. The draft standard requires that mines... 

Pandemic prevents further engagement  on housing draft
NICO PIENAAR The surface mining sector represents a large part of the overall mining community

Sibanye-Stillwater earnings soar 718%, R1.3bn dividend declared 

By: Martin Creamer     27th August 2020 Precious metals mining company Sibanye-Stillwater has reported sensational half-year results on Covid-defying increased production from all operating segments The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, has declared a R1.3-billion interim dividend on free cash... 

Sibanye-Stillwater earnings soar 718%, R1.3bn dividend declared
Photo by Creamer Media's Donna Slater
Neal Froneman

Minerals Council says morality must be put at forefront of recovery, growth

By: Marleny Arnoldi     27th August 2020 The Minerals Council South Africa has implored President Cyril Ramaphosa and law enforcement authorities to act urgently against those within government, business and other citizens who have looted public funds, incluing those intended to alleviate the impact of Covid-19. This plea by the... 

Minerals Council says morality must be put at forefront of recovery, growth
Minerals Council CEO Roger Baxter
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