R/€ = 15.16Change: -0.03
R/$ = 13.35Change: -0.02
Au 1156.06 $/ozChange: -2.88
Pt 981.00 $/ozChange: 2.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Jul 06, 2012

06/07/2012 (On-The-Air)

DRC|Engineering|Gold|Melbourne|Africa|Charter|Consulting|Engineering News|Mining|Mining Weekly|Platinum|System|Africa|DRC|South Africa|Tanzania|United States|Manufacturing|Metal|Products|Platinum Valley|Martin Creamer|Products|Engineering News
© Reuse this

Every Friday morning, SAfm’s AMLive’s radio anchor Xolani Gwala speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday’s At the Coalface transcript:

Gwala: Government, business and organised labour are in broad agreement to grow the South African mining industry by 30%.

Creamer: This is a unique advantage that South Africa has. We have the Mining Charter and the feeling now is that this is a unique way of actually creating cohesion in the mining industry.

There is no other charter in South Africa that has got this sort of cohesion that the Mining Charter has and there is no other alliance in the world that brings together government, business and labour in this organised fashion.

So it is actually a comparative advantage and it also defines growth. This 30% is the growth that they have defined for the next five to ten years.

People are saying now that if we want to get the social dividend out of our mining that everybody is looking for, let’s get behind this Mining Charter, let’s fund it and lets make sure that it is resourced so that we can extract from it this growth that we need and the transformation. Growth and transformation go together, but they need that growth.

Gwala: Anglo American is pledging to help build the platinum equivalent of the US’s famous Silicon Valley in South Africa.

Creamer: There has been a response to the State Intervention in Minerals Sector (Sims) document and Anglo American has come forward with its own 70-page response to that. It sees a lot of laudatory goals in the Sims document but it sees the route that people are talking as wrong.

Anglo is saying that if the government can put in place policies that actually create this growth in the mining industry, they are prepared to commit to all the other linkages.

In other words, build the mining industry and then we will build the manufacturing side-by-side. One of the issues that they are raising again is the very important one of the Platinum Valley that they are talking of. It is a sort of equivalent to Silicon Valley.

This is also on the agenda of the Department of Trade and Industry, they want to have a special economic zone where you transfer these technologies into the zone and other areas will be separate from the zone so that you can actually get more out of the platinum. We have got platinum, can we get the fuel-cells out of it if we create a sort of platinum valley. Can we do more with catalytic converters, because we already have the catalytic converters.

We know that there are new technologies coming through that make it far easier to move the platinum from the metal and mineral into products. Several companies, Anglo American Platinum, the biggest, but also smaller companies are looking to a type of beneficiation hub where you can add value to our platinum metals.

Gwala: So in fact they are saying forget about the crisis going on at the moment, look long-term, find out how you can create value for everybody concerned.

Creamer: The big thing is the growth. They are saying put in policies that create growth and then we will do the best we can to develop all these linkages, which actually create the jobs.

Gwala: The World Gold Council has been in South Africa to stop Central African warlords from damaging gold’s future.

Creamer: The World Gold Council has actually been doing roundtables the world over. They have been in town this week and consulting around this whole issue about the conflict-free gold.

It is extremely important that we get gold that is untainted by human rights abuses and by conflict, because you can just have a situation where people say don’t buy African gold and that will be a huge blow for us.

We can already see legislation coming through in the United States, the Dodd-Frank Act, where it is forcing business that is on the Stock Exchange on Wall Street to make sure that they don't use any tainted gold and any tainted tin, tungsten and tantalum coming out of Central Africa, mainly the eastern part of the DRC where they still haven’t been able to stop the illicit grip by errant army commanders on the minerals trade.

It is not only going to be the World Gold Council that does it, they are obviously going to want to ring-fence the gold with their members. The council wants to guarantee that this is untainted and their members will have to go along with them. The other issue is the millions of artisanal miners that get access to market via a different route.

When they get raw gold from the Kivu areas, they take it and they put it through the system. This is what is now putting a threat to products coming out of Africa. It is also the case with tin, tungsten and tantalum.

You will see American companies will be forced to declare to the SEC that they have no tainted products. It is easier for them to say that they are not going to get anything from Africa, because it is just too much work, a whole pile of paperwork: “I could end up in jail if a make the wrong statement, let me avoid Africa and buy from other countries”, they may conclude. So it is very important now that they actually get down to making sure all these metals and minerals are delinked from anything that is a human rights abuse or a conflict.

Gwala: So in a way it is the Kimberley Process of the gold sector.

Creamer: They haven’t actually reached a point of defining it yet. It is still in draft form and that is why they are consulting and they are in Tanzania at the moment and they will be in Melbourne next week and that will be the final hurdle. Then they will come together and it depends on what the consultations raise, but the whole issue of artisanal miners and small-scale miners needs to be dealt with. Other bodies are coming in to deal with that, notably the OECD and the European Union to make sure that there is transparency and a clean approach with regard to metals and minerals coming out of Africa.

Gwala: Thanks very much. Martin Creamer is publishing editor of Engineering News and Mining Weekly, he’ll be back with us at the same time next week.


Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
Other SAFM
Latest News
South African Airways (SAA) has enhanced its partnership with the airline’s in-flight duty-free concessionaire Tourvest Inflight Retail Services (TIRS), enabling Voyager members to earn miles when buying duty-free products and spend their miles when shopping for...
South Africa's new visa regulations are having an adverse impact on the country's tourism industry without proof that they are making any impact on child trafficking, according to Hussein Dabbas, International Air Traffic Association (Iata) regional vice-president...
The Council for Scientific and Industrial Research (CSIR) has developed a semi-autonomous solution for early pothole detection to potentially replace the often time-consuming expensive manual road inspection. Showcasing the Visual Surveying Platform (VSP), CSIR...
Recent Research Reports
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
BUSINESS LEADERS PANEL Adam Craker, Ivor Chipkin, Alan Hosking and Allon Raiz at the 6th IQ Business Active Growth conference
At the sixth IQ Business conference held in Sandton last month, a panel of business leaders and academics advocated that business reclaims the initiative to spur growth in South Africa amid fragmented and haphazard political direction. Management consulting firm IQ...
The building industry is an essential component of the South African economy as it contributes about 15% to the gross fixed investment that drives the economy. However, with the country’s economy going through a tough time currently, this, in turn, reflects on the...
The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO...
ASHER BOHBOT EOH’s corporate goals were originally aspirations, but the company is relevant and is making a difference in the territories it operates in
As South African information technology (IT) firm EOH posted another full year of strong growth, CEO Asher Bohbot, known for his frank words, people-centric management style and stoic humanism, attributed the company’s continued South African and African growth to...
International heavy-equipment engine manufacturer Cummins’ regional distribution centre (RDC) in Woodmead, Gauteng, has halved the average logistics distribution time for clients in Southern Africa and allowed for critical or long-lead stock to be kept closer to...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96