http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.76Change: 0.11
R/$ = 10.96Change: 0.10
Au 1193.42 $/ozChange: 4.09
Pt 1213.50 $/ozChange: 10.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 17, 2012

Lack of consensus, strategic integration holding back beneficiation

Back
Johannesburg|Africa|Environment|Exploration|Industrial|Industrial Development Corporation|Platinum|PROJECT|Project Management|Resources|Africa|South Africa|Institute For African Alternatives|Mining|Value Chain|Ben Turok|Infrastructure|Jorge Maia|Mbuyazwe Magagula
|Africa|Environment|Exploration|Industrial|Platinum|PROJECT|Project Management|Resources|Africa|||Mining||Infrastructure|
johannesburg|africa-company|environment|exploration|industrial|industrial-development-corporation|platinum|project|project-management|resources|africa|south-africa|institute-for-african-alternatives|mining|value-chain|ben-turok|infrastructure|jorge-maia|mbuyazwe-magagula
© Reuse this



JOHANNESBURG (miningweekly.com) – Government departments would have to align, coordinate and integrate more strategically to drive mineral beneficiation in South Africa, Professor Ben Turok, chairperson of the Institute for African Alternatives and African National Congress Member of Parliament, said Wednesday.

Speaking at a media briefing following a consultative meeting on beneficiation at the Industrial Development Corporation (IDC) head office, he indicated that many private sector players cited hurdles relating to government departments as hampering their efforts to beneficiate more of South Africa’s minerals.

“Some say they will start beneficiating when it makes commercial sense, but the State has the role of creating the environment for this to happen,” Turok stated.

Linkage issues within the value chain, such as infrastructure and training would have to be addressed.

A lack of consensus regarding what beneficiation entailed was also holding back efforts to go beyond exploration, extraction and processing.

“There is no common understanding of the science and technology and process of beneficiation. Every company or department sees it differently. But we have started the process of creating coherence,” Turok explained.

It was agreed at the meeting that regulation, combined with incentivisation would be a better option than to pressure mining companies into beneficiation initiatives.

As one of the world’s best-resourced countries, South Africa’s low beneficiation rate was a “conundrum”, Turok said.

“South Africa has the largest chrome deposit in the world, but ore is exported raw…we do have companies that can create ferrochrome, they do some smelting, but not full beneficiation,” he said, adding that a great deal of the last stage of the value chain happened abroad.

Turok stated that the country’s export basket was too dependent on minerals and that it would have to be expanded to contain manufactured goods as well.

“We need to address the highly concentrated nature of South Africa’s merchandise export basket, reduce our economy’s vulnerability to cyclical trends and improve our competitiveness in global markets.

“We import too many manufactured goods, we have the capacity to manufacture it ourselves.”

IDC research and information head Jorge Maia said South Africa held 88% of the world’s platinum-group metals reserve base, but that its utilisation was at 0.4%. “There is still a lot of potential for extraction,” he noted.

The country also contained 80% of the world’s manganese reserves and 72% of its chrome ore reserves.

“We must turn this into competitive advantages,” he said, reiterating that further development of these reserves and subsequent beneficiation would be beneficial for South Africa on many levels.

“Beneficiation promotes industrial diversity in the spread of downstream processes and would ensure more balanced growth,” Maia indicated.

It would also build industrial competitiveness and promote skills and technological developments, while playing a central role in attracting foreign direct investment and rejuvenating private sector investment activity.

IDC mining and minerals beneficiation head Mbuyazwe Magagula said the development finance institution would assist with funding and project management, as well as research and development in the drive towards increased beneficiation.

NEXT STEP

Turok said the draft report of the meeting would be finalised and given to the private sector and the Parliamentary portfolio committees of relevant departments, among others, the Department of Trade and Industry and the Department of Mineral Resources.

“Then we will have to discuss how to take the process further,” he said.

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Mining News
Steel among the five resource value-chains being prioritised
The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National...
Ernie Blom
Urgent action was needed to stop diamonds being sold with overstated certification, World Federation of Diamond Bourses president Ernie Blom said on Friday. Blom, who blamed a few laboratories for damaging the reputation of the entire diamond industry, urged...
Just over a week after entering into a nonbinding memorandum of understanding (MoU) with the Hiria Group, local gold producer Central Rand Gold (CRG) said on Friday that it had inked a separate MoU with Phoenix Tree Investment Group subsidiary Beijing Ankong...
More
 
 
Latest News
Updated 36 minutes ago Creamer Media’s Coal 2014 report examines South Africa’s coal industry amid 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 market, as...
Industrialisation remains a major part of the South African developmental agenda and an important vehicle towards achieving the Department of Trade and Industry’s (DTI’s) target of creating 100 black industrialists in the next five years, Trade and Industry...
The construction of a new innovation hub in the heart of the Dube TradePort, in Durban, was set to kick off in March 2016, as Dube TradePort Corporation sealed a R160-million lease agreement with Eureka Capital. Eureka Capital planned to develop a seven-storey 21 500...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
JAMES ROBERTS The MOM incubator was designed to help babies in developing nations who were dying in conflict-struck nations or who do not receive hospital care
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
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
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks