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Mining industry not expected to oppose third draft of Financial Provisioning Regulations – Webber Wentzel

By: Donna Slater     23rd April 2021 The April 22 publication of an intention by the Department of Forestry, Fisheries and the Environment (DFFE) to again amend the transitional arrangements contained in the National Environmental Management Act (Nema) Financial Provisioning Regulations provides “more breathing room” for mining... 

Fitch Solution foresees a turn for the better in mining spend, output, profit in 2021

By: Marleny Arnoldi     16th April 2021 Research agency Fitch Solutions expects production, capital expenditure (capex) and profitability in the mining industry to improve this year as commodity prices are soaring, while economies are recovering and vaccines are rolled out. The agency forecasts that major mining firms will raise their... 

New Woodside boss faces existential threats, outgoing CEO says

By: Reuters     16th April 2021 Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its ageing assets and managing the transition to cleaner energy. Australia's top independent gas producer is betting its future on the $11-billion Scarborough gas project, with... 

Mantashe to co-chair global panel this week on people-centred energy transitions  

By: Terence Creamer     29th March 2021 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, will co-chair a high-level Ministerial panel this week on ‘Ensuring People-Centred Transitions’ as part of a global ‘Net Zero Summit’ being hosted jointly by International Energy Agency (IEA) executive director Fatih Birol and... 

Consultancy publishes South African PGMs map

By: Marleny Arnoldi     23rd March 2021 Mining consultancy AmaranthCX has published an electronic South African Platinum Group Metals (PGM) Map, which includes the boundaries of 53 mining and prospecting rights areas across the Western, Eastern and Northern limbs of the Bushveld Complex. The platinum-rich Bushveld Complex has 23... 

Draft Geoscience Act regulations could benefit exploration, but gaps remain

By: Marleny Arnoldi     23rd March 2021 Mineral Resources and Energy Minister Gwede Mantashe has published for public comment draft Geoscience Act regulations relating to the compulsory submission of exploration data to the Council for Geoscience (CGS) and the dissemination of that data. Written representations must be sent to... 

IEA says oil demand likely to rise until 2026

By: Marleny Arnoldi     17th March 2021 Based on the current policy settings, global oil demand is set to rise every year to 2026, says the International Energy Agency (IEA). Although world oil markets have rebounded from the massive demand shock triggered by Covid-19, they still face a high degree of uncertainty that is testing the... 

PTM notified of Waterberg mining right appeal

By: Marleny Arnoldi     8th March 2021 A group of four individual appellants intends to appeal a decision granting NYSE- and TSX-listed Platinum Group Metals (PTM) a mining right for the Waterberg joint venture project. The Department of Mineral Resources and Energy (DMRE) granted the mining right on February 3.  

Minerals exploration to remain in decline without sound guiding authority – Miller 

By: Donna Slater     15th February 2021 Despite the Department of Mineral Resources and Energy (DMRE) not publishing any data on mineral exploration, mining supply sales consultancy AmaranthCX director and owner Paul Miller says there is extensive financial data, some containing information about minerals exploration, that is buried... 

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

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