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Property sector must do more on transformation – PSCC

By: Schalk Burger     12th July 2018 The South African property sector is making reasonable efforts towards transformation, but it needs to pick up the pace, says the Property Sector Charter Council (PSCC). The PSCC this week released the results of its ‘2016-2017 State of Transformation Report’, which sampled institutional... 

Solidarity welcomes Mining Charter summit outcomes

By: Simone Liedtke     9th July 2018 Trade union Solidarity has welcomed the position taken by Mineral Resources Minister Gwede Mantashe during the Mining Charter summit, held on July 7 and 8, that all employees below senior management level should receive equal benefits from the charter’s proposed shareholding scheme, regardless of... 

‘Critically important’ for DMR to take graduated approach to application of Mining Charter – MCSA

By: Simone Liedtke     6th July 2018 Leading up to Mineral Resources Minister Gwede Mantashe’s summit this weekend to discuss the draft Mining Charter, Minerals Council South Africa (MCSA) has noted that it is critically important that the Department of Mineral Resources (DMR) make allowances for junior miners and explorers by... 

Balanced Mining Charter needed to attract investment – law firm

By: Simone Liedtke     6th July 2018 The most recent iteration of the draft Mining Charter needs to be balanced, and incorporate all mining industry stakeholders, to promote much-needed investment into the South African mining industry, international law firm Herbert Smith Freehills director Patrick Leyden tells Mining Weekly... 

Latest charter draft an improvement on previous iteration but discontent persists

By: Simone Liedtke     6th July 2018 The third iteration of the Mining Charter will have a significant effect on vendors of services and goods in the procurement space of South African mining, says legal services provider Strata Legal director Brandon Irsigler, noting that a great many suppliers to the mining industry are in the... 

Seifsa expects 1.7% expansion in local steel industry

By: Erin Steenhoff-Snethlage     6th July 2018 Following its initial forecast of a 1.1% expansion of the metals and engineering cluster at the beginning of the year, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says upon review, preliminary data now suggest a 1.6% expansion of the sector, with all sub-industries... 

Free-carry interest will foster loyalty among mining employees – Mantashe

By: Nadine James     5th July 2018 Mineral Resources Minister Gwede Mantashe noted that the free-carry stipulation in the latest draft Mining Charter will result in workers deriving immediate value, thereby fostering diligent performance and loyalty towards employers, as workers strive to enhance and improve “their" mine. “It is... 

Mining-affected communities reject draft Mining Charter

By: Simone Liedtke     4th July 2018 Following two days of deliberation, which included a presentation by the Department of Mineral Resources (DMR), mining-affected communities have rejected the current draft of the Mining Charter, as gazetted by Mineral Resources Minister Gwede Mantashe last month. This follows after 100 community... 

Policy Uncertainty Index deteriorates to 51 in Q2

By: Simone Liedtke     4th July 2018 As a result of various economic and political factors over the past three months, which generated a renewed degree of policy uncertainty, the North-West University (NWU) Business School’s Policy Uncertainty Index (PUI) rose to 51 index points in the second quarter, compared with 49.6 in the first... 

Draft Mining Charter progressive, but still ambiguous – Bench Marks Foundation

By: Marleny Arnoldi     3rd July 2018 The new draft Mining Charter, released mid-June, is a step in the right direction, says performance monitoring organisation Bench Marks Foundation, but it warns that the devil remains in the detail, with some matters still to be clarified.  

Sars kicks off tax season with charter outlining taxpayers' rights

By: News24Wire      2nd July 2018 The South African Revenue Service (Sars) is taking steps to improve the service delivered to taxpayers with the release of the Service Charter which outlines taxpayers’ rights and responsibilities as well as service standards they can expect from the agency. Acting Sars commissioner Mark Kingon... 

Airbus to support Côte d’Ivoire’s aerospace industry development

By: Rebecca Campbell     29th June 2018 Global aerospace major Airbus has signed a Memorandum of Understanding (MoU) with the Government of the Côte d’Ivoire (Ivory Coast) to create a cooperation framework which, in turn, will facilitate the development of the West African country’s aerospace industry. The Côte d’Ivoire Government has... 

Considering the ownership element of the Draft Broad-Based Socio-Economic Empowerment Charter for the Mining and Minerals Industry 2018

22nd June 2018 The long-awaited draft Broad-based Socio-Economic Empowerment Charter for the Mining and Minerals Industry, 2018 was published on Friday, 15 June 2018, following ongoing engagement with a broad range of stakeholders, including the Minerals Council of South Africa (previously the Chamber of... 

IRR says Mining Charter still flawed

By: African News Agency      22nd June 2018 South Africa's latest Mining Charter is better than the previous document but is still "profoundly flawed" and a continuing choke on investment, the Institute of Race Relations (IRR) said on Friday. The government last week gazetted the draft charter after abandoning implementation of one last... 

On-The-Air (22/06/2018) 

By: Martin Creamer     22nd June 2018 Coal exporters can look forward to faster turnaround times at the Richards Bay Coal Terminal, following the commissioning of a brand new suite of equipment. South Africa’s secretive Department of Mineral Resources needs to subject itself to independent transparency evaluation and to set reform... 

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale

By: Nadine James     22nd June 2018 The latest draft of the third Mining Charter is not perfect, but it is better than the “disaster” it is replacing, Business Leadership South Africa CEO Bonang Mohale told attendees at the African Mining Network event on Thursday evening. He explained that the previous draft, which was... 

Mining Charter’s free-carried interest requirement worries industry

By: Anine Kilian     21st June 2018 Although changes have been made to certain sections of the latest draft of the third Mining Charter, some mining industry participants believe the charter will not benefit the industry. Unpacking the proposed ownership requirements for new mining rights as set out in the draft charter, in... 

Rio-Carb Commissions Academic Research Into The Future Of SA Mining

21st June 2018 Mr. Martin Maine, Managing Director of Rio-Carb of Alrode, a chromium carbide (CrC) wear-solutions provider, has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry. Failure to galvanise foreign... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

New draft Mining Charter sets new potentially controversial targets for BEE ownership - but past deals recognised and stability clauses proposed

20th June 2018 “Following the recently launched draft Mining Charter, a stability clause has also been proposed and this is exactly what our country needs right now, to allay investor fears and encourage much-needed investment in a struggling sector,” says Bert Lopes, Natural Resources Head at audit firm, BDO.... 

Rio-Carb commissions academic research into the future of SA mining

20th June 2018 Mr. Martin Maine, Managing Director of Rio-Carb of Alrode, a chromium carbide (CrC) wear-solutions provider, has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry. Failure to galvanise foreign... 

Mining charter, illegal mining, FDI in the spotlight  

20th June 2018 Mining Weekly editor Martin Creamer unpacks the news around the mining charter, illegal mining and FDI in the junior miners fund. 

Charter in current form will not promote investment, growth – MCSA

By: Simone Liedtke     18th June 2018 The Minerals Council South Africa (MCSA) believes that while the draft Mining Charter 2018 is a material improvement on the 2017 iteration, much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity... 

Mines chief inspector compiling report on Sibanye-Stillwater accidents – Mantashe

By: African News Agency      18th June 2018 The acting chief inspector of mines is compiling a report on all accidents that occurred at Sibanye-Stillwater mining operations since the beginning of this year, Mineral Resources Minister Gwede Mantashe said on Sunday. "This will enable us to take appropriate action, guided by the Mine Health... 

South Africa proposes 30% black ownership for mining firms within 5 years

By: Reuters     16th June 2018 South Africa plans to raise black ownership at permit-holding mining companies to 30% from 26% within five years, the latest draft of a hotly-contested new industry charter showed on Friday. The government and miners had been at loggerheads over a previous version of the charter, which industry... 

Mantashe to publish draft charter for public comment

By: Creamer Media Reporter      15th June 2018 Mineral Resources Minister Gwede Mantashe intends to, on Friday, publish the draft Mining Charter for public comments before it is finalised and gazetted.   This follows weeks of engagements with stakeholders and social partners.   “Publishing of the charter moves us a step forward in terms of... 

Business trading conditions remain weak – index

By: Marleny Arnoldi     13th June 2018 Trade conditions for businesses remained weak in May, says the South African Chamber of Commerce and Industry (Sacci).  

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Court order delays implementation of new end-user regulations

By: Natasha Odendaal     8th June 2018 Mobile operator Cell C has succeeded in its court bid to postpone the Independent Communications Authority of South Africa’s (Icasa’s) stipulated deadline for the implementation of the end-user and subscriber services charter regulations. The High Court on Thursday granted the urgent interdict to... 

Basil Read enters new avenue with Savanna City residential development

By: Simone Liedtke     7th June 2018 As part of its turnaround strategy, construction group Basil Read on Thursday launched Basil Read Homes with the first of its 44 residential units on a land parcel at Savanna City, south of Johannesburg, which will, upon completion, boast about 18 399 integrated housing units. “This launch is a... 

Hatch raises the bar with Level 2 B-BBEE rating

6th June 2018 Global multidisciplinary management, engineering, and development consultancy Hatch has achieved a Level 2 Broad-Based Black Economic Empowerment (B-BBEE) rating. Hatch began its transformation journey in 2001, well before the B-BBEE legislation was put into place. Since then, the company has... 

Plan for mining community development levy scrapped

By: Bloomberg     6th June 2018 South Africa’s government has scrapped plans to compel mining companies to contribute 1% of their annual turnover to a new community development agency because it feared the funds could be abused, the nation’s mining minister said. The levy was proposed in a draft of the nation’s new Mining... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Mantashe sees 'solid' mining charter after consultations

By: African News Agency      1st June 2018 South Africa's mines minister is confident of delivering a "solid" new charter for the industry after holding the last community consultation in KwaZulu-Natal province, his department said late on Thursday. Mineral Resources Minister Gwede Mantashe has been holding meetings around the country... 

Mantashe to conclude Mining Charter community consultation tour

By: Anine Kilian     30th May 2018 Mineral Resources Minister Gwede Mantashe will conclude the nationwide community consultations on the Mining Charter in Newcastle, KwaZulu-Natal, on Thursday. He has had ten consultations across the country to gather input from stakeholders on the charter before it is finalised in June. 

ExecuJet Nigeria bolsters services for West Africa with Izy Air alliance

By: Simone Liedtke     29th May 2018 International business aviation company ExecuJet, which is part of the Luxaviation Group, on Tuesday announced a strategic alliance for maintenance services between its Lagos-based maintenance, repair and overhaul (MRO) facility and Nigeria-based Izy Air. This forms part of ExecuJet’s ongoing... 

Troubled economy creating some new opportunities, says Afrimat boss

By: Irma Venter     24th May 2018 “The fact that ArcelorMittal, Aveng, Group Five and Basil Read today have a smaller combined market capitalisation than a ‘little’ quarry company such as Afrimat, shows you that the economy is in trouble,” says Afrimat CEO Andries van Heerden. “Not long ago any one of them was twenty times our... 

Mantashe vows to finalise mining charter in June

By: African News Agency      24th May 2018 South African minister of mineral resources Gwede Mantashe said on Thursday his department plans to finalise the revamped mining charter, the government's regulation tool for transformation, by the end of next month. "We aim to finalise and gazette the mining charter in June, having taken onboard... 

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