Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
The new draft mineral law ousts the first-come first-served principle, replacing it with public auctioning.
Mining’s fundamental business case needs rebuilding.
And, ArcelorMittal South Africa is optimistic of sealing the Thabazimbi deal with Kumba in the second half of the year.
The new draft law before Parliament appears to scrap the first-come, first-served mineral right award principle and replace it with a public auctioning process.
Fasken Martineau lawyers Matthew van der Want
The fundamental business case for mining needs rebuilding and should include mine closure planning and funding from inception throughout the life of mine, says Water Stewardship Council of Southern Africa trustee Dr Anthony Turton.
Water Stewardship Council of Southern Africa trustee Dr Anthony Turton
ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita says the outcome of the negotiations between it and Kumba Iron Ore over the future of the Thabazimbi mine, which is a tied supplier to AMSA’s Vanderbijlpark works, should be concluded during the second half of the year.
ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita
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