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Lessons learnt at the recent Joburg Indaba: Create a singular goal and a long-term vision Written by Dimitri Cavvadas, Partner at Fasken Martineau

     19th October 2017 The growing popularity of the Joburg Indaba with its robust debate last week (4-5 October) was encouraging, while at the same time somewhat ironic. The event, which focuses mainly on the status of the South African – rather than the African or international – mining industry, continues to grow in... 

Diamond exploration intensifying close to mine that paid for itself in 3.5 days 

By: Martin Creamer     18th October 2017 London- and Botswana-listed Botswana Diamonds, which is funding diamond exploration on three sites in South Africa, expects to declare an inferred resource by year-end at its Thorny River project in Limpopo, which is located very close to the Marsfontein mine that had an astonishing... 

Chamber files for review of 'disastrous' Mining Charter

By: News24Wire      18th October 2017 The Chamber of Mines filed an application in the North Gauteng High court on Tuesday to have a judicial review and setting aside of the Mining Charter. According to the founding affidavit, the Charter released by Mineral Resources Minister Mosebenzi Zwane on June 15 had, and continues to have, a... 

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Resources Watch  

     12th October 2017 This week: Chamber of Mines stands by its decision to boycott gala dinner; Rip up charter, provide tax incentives, back junior miners, says Maimane And, ANC will heed Joburg Indaba call for removal of Minerals Minister, says Mkhize 

Opinion: South Africa’s coal mining sector could shrink by 46% 

     6th October 2017 In this opinion article, independent economic risk consultant Rob Jeffrey argues that the mining industry and coal industry need to fight for their very future otherwise all is lost. Few people realise that future economic, political and social prosperity are at currently stake. Decisions made in... 

CoM committed to finding workable solutions that are in the national interest

By: Mia Breytenbach     5th October 2017 The Chamber of Mines (CoM) has drawn a firm line in the sand regarding its opposition to unethical leadership, bad governance and State capture,” CoM president Mxolisi Mgojo asserted on Thursday. “We are doing what is necessary to ensure better outcomes for our sector and our country. The chamber... 

De Beers’ diamond exploration grinding to halt on government issues 

By: Martin Creamer     5th October 2017 The exploration programme of De Beers Consolidated Mines (DBCM) is grinding to a halt owing to the ongoing issues the iconic diamond mining company is experiencing with South Africa’s Department of Minerals Resources (DMR). With the hold-up of as many as 54 prospecting licence applications for as... 

Industry to focus on back-to-basics for new Mining Charter – Herbert Smith Freehills

By: Mia Breytenbach     5th October 2017 The South African mining industry has to focus on going back to basics and on why the Mining Charter was created when considering Mining Charter Three, Herbert Smith Freehills partner and Africa cochairperson Peter Leon said on Thursday. Speaking during a panel discussion that highlighted ways... 

CoM stands by its decision to boycott gala dinner 

By: Anine Kilian     4th October 2017 Chamber of Mines (CoM) CEO Roger Baxter has confirmed that CoM executives and office bearers purposefully decided not to attend Tuesday evening’s Joburg Indaba banquet, where Mineral Resources Minister Mosebenzi Zwane was the guest speaker. “It was not an impetuous decision. It was not a decision... 

CoM should stay away from ‘crook’ Zwane – Pityana 

By: Anine Kilian     4th October 2017 AngloGold Ashanti chairperson Sipho Pityana has urged South Africa’s mining lobby, the Chamber of Mines, to stay away from Mineral Resources Minister Mosebenzi Zwane, whom he accused of not being committed to South Africa’s mining industry. “I fully endorse that the Chamber of Mines stays away... 

S Africa mining lobby rejects talks with ministry over charter

By: Reuters     4th October 2017 South Africa's mining lobby has rejected talks with the mining ministry over changes to the industry's charter, which include raising targets for black ownership, saying the matter will have to be settled in court. "We are of the view that engaging with the minister directly is not going to... 

Rip up charter, provide tax incentives, back junior miners – Maimane 

By: Martin Creamer     4th October 2017 Mining Charter Three should be ripped up, proper tax incentives introduced and junior mining enterprises supported to restore investment in the mining industry, which is a stimulator of the South African economy as a whole, Opposition Democratic Alliance leader Mmusi Maimane said on Wednesday.... 

Coal of Africa sells Mooiplaats

By: Martin Creamer     2nd October 2017 The sale of the Mooiplaats Colliery is the final step in Coal of Africa’s balance sheet restructuring strategy, setting the course for the company to become a self-sufficient mid-tier coal mining company, CEO David Brown said on Monday. Mooiplaats, which has been on care and maintenance since... 

Offshore capital equipment markets come in handy amid ‘turmoil’ in domestic mining sector

By: Dylan Slater     29th September 2017 South African capital equipment manufacturers that are supplying offshore markets, and have survived the ongoing turmoil in the mining industry and the domestic economic environment, have showed resilience and bear testament to the lifeline provided by exporting products and not relying solely on... 

South African business confidence hit by political uncertainty and corruption – analyst

By: African News Agency      28th September 2017 Business confidence in South Africa was at an all-time low as a result of political uncertainty, poor economic performance, policy confusion and a general lack of leadership, a turnaround strategist said on Thursday. Alastair Macduff, chairperson and CE of the Turnaround Management Association... 

CoM supports trade union’s nationwide march against corruption

By: African News Agency      27th September 2017 The Chamber of Mines of South Africa (CoM) said on Wednesday that it would join Business Unity South Africa and Business Leadership South Africa in support of the Congress of South African Trade Unions (Cosatu) stance against State capture and corruption. Thousands of workers and civil society... 

Offer for Rockwell affiliates flops on BRP haste; orderly wind down still planned

By: Henry Lazenby     23rd September 2017 Bankrupt alluvial diamond miner Rockwell Diamonds advised on Friday that it has received two offers which, when combined, would have been able to buy out the Canadian company’s distressed South African subsidiaries. However, an untimely motion to place the affiliates into provisional liquidation... 

Equipment manufacturer inaugurates new facility

By: Mia Breytenbach     15th September 2017 Heavy-equipment manufacturer Caterpillar has officially inaugurated its new parts distribution facility, near Johannesburg, in Gauteng. The 60 000 m2 facility consolidates two smaller parts-distribution sites – Linbro Park and Isando – and offers several advantages, including the ability to work... 

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

NUM to be friend of court in Chamber’s interdict against Mining Charter’s implementation 

By: African News Agency      13th September 2017 The National Union of Mineworkers (NUM) said on Wednesday that it will be approaching the North Gauteng High Court as an intervening party, or friend of the court, in the court interdict by the Chamber of Mines against the implementation of the 2017 Reviewed Mining Charter. The NUM said it... 

Master Drilling posts resilient interim results, continues technological innovation focus

By: Mia Breytenbach     12th September 2017 Two additional machines and the impact of favourable foreign-exchange movements have contributed to a 12.5% increase in JSE-listed drilling services provider Master Drilling’s revenue to $60.5-million for the six months ended June 30. The group added two raise-bore machines during the period... 

Mining industry has lost faith in Minister Zwane – CoM

By: Esmarie Swanepoel     8th September 2017 The South African Chamber of Mines (CoM) on Friday told delegates at the Africa Downunder conference, in Perth, that the mining industry in South Africa had lost confidence in Mineral Resources Minister Mosebenzi Zwane and in the leadership of the Department of Mineral Resources (DMR). In a... 

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

South African economy in for a long trek to recovery, ANC conference key

By: Natasha Odendaal     7th September 2017 South Africa’s economic outlook remains complicated by elevated political and policy uncertainty, with the stalled economy unlikely to recover in the short term and more likely to continue moving sideways, Nedbank senior economist Isaac Matshego said on Thursday. It will take some years before... 

South African Mines Minister unabashed over new Mining Charter

By: Esmarie Swanepoel     7th September 2017 South Africa’s Mineral Resource Minister Mosebenzi Zwane on Thursday stuck to his guns about the introduction of the much-maligned Mining Charter, telling a mining conference audience in Perth that it was the prerogative of the government to ensure policy and regulatory certainty. Zwane said at... 

Master Builders South Africa’s yearly congress to unpack construction industry challenges

By: Creamer Media Reporter      1st September 2017 Under this year’s theme of Building South Africa Together, the yearly Master Builders South Africa (MBSA) Congress aims to tackle economic transformation in the South African construction sector and the impact of ratings downgrades on the development and the future of the industry. Now it its... 

Caterpillar inaugurates new Joburg parts distribution centre 

By: Mia Breytenbach     31st August 2017 Caterpillar has officially inaugurated its new parts distribution facility, near Johannesburg, Gauteng. The 60 000 m2 facility consolidated two smaller parts distribution sites – Linbro Park and Isando – and offers several advantages, including enabling the company to work more efficiently, while... 

Unnurtured mining industry will disappear – Sibanye-Stillwater 

By: Martin Creamer     30th August 2017 An unnurtured South African mining industry will disappear, Sibanye-Stillwater CEO Neal Froneman warned on Wednesday, when he slated the regulator for allowing illegal mining activity to spiral out of control and for causing equity risk and the cost of capital to rise, placing mining companies at... 

Northam Platinum set to self-fund R1.3bn capex programme 

By: Martin Creamer     29th August 2017 The capital expenditure of platinum-mining company Northam in this financial year is expected to reach the R1.3-billion mark, well above the R774-million in the 12 months to June 30. Northam, which is in the midst of significant expansion, sees project execution as the key to its foreseeable future. 

Intelligent truck axle saves 6% in fuel costs

     25th August 2017 Global automotive manufacturer Mercedes-Benz has pioneered the production of a lightweight truck axle, designed to aid in reducing the fuel consumption of the Mercedes-Benz Actros, a heavy-duty truck first introduced to the market in 1995. The axle is now available from Mercedes-Benz.  

Beech advises mining firms to prepare for implementation of Mining Charter 3

By: Dylan Slater     22nd August 2017 The implementation of the third iteration of the Mining Charter, or Mining Charter 3, in some form or another, is inevitable and mining companies should start the process of bringing their operations in line with the regulations set out in the charter, law firm Hogan Lovells mining head and... 

CoM files replying affidavit in Mining Charter interdict application  

By: Anine Kilian     21st August 2017 The Chamber of Mines (CoM) has submitted a replying affidavit in the High Court, in Pretoria, in response to Mineral Resources Minister Mosebenzi Zwane’s August 7 affidavit, in an interdict application against the implementation of the Reviewed Mining Charter. Zwane in June introduced the... 

Zwane again firm on Charter targets as consistent with radical economic transformation

By: Natasha Odendaal     18th August 2017 As government’s plans for radical economic transformation unfold, the mining sector has become the centre of that swirling debate in light of the newly gazetted reviewed and updated Mining Charter. South Africa has been pursuing radical economic transformation as the path towards coveted... 

Exxaro H1 headline earnings rise on higher coal sales

By: Anine Kilian     17th August 2017 Diversified miner Exxaro Resources has posted headline earnings of R2.79-billion for the six months ended June 30, compared with headline earnings of R1.10-billion in the first half of 2016. Revenue rose 10% year-on-year to R10.74-billion, while group net operating profit increased by 35% to... 

It’s time for industry to stand up – Holland

By: Natasha Odendaal     17th August 2017 Dual-listed Gold Fields will oppose the new Mining Charter Three “with everything its got” as the mining industry stands firm in the standoff with the Department of Mineral Resources (DMR). Backing the action taken by the Chamber of Mines (CoM), Gold Fields CEO Nick Holland on Thursday said that,... 

Bushveld Energy, IDC studies indicate favourable vanadium battery, electrolyte demand

By: Mia Breytenbach     16th August 2017 There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid markets, with demand to peak in 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy subsidiary... 

Palladium consumption to hit all-time high in 2017 – Nornickel

By: Mariaan Webb     15th August 2017 Palladium consumption is heading for an all-time high of 10.8-million troy ounces, which will leave the market in a deficit of more than one-million ounces in 2017, according to the world’s largest producer of the precious metal. Russia’s Nornickel said on Tuesday that it retained a positive... 

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