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Mozambique's ruby mining goes from ‘wild west’ to big business

By: Bloomberg     13th August 2018 Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. 

AECOM focused on funding STEM education for women

By: Erin Steenhoff-Snethlage     27th July 2018 This year, integrated infrastructure delivery firm AECOM’s Educational Trust received more that 4 000 applications for bursaries for science, technology, engineering and maths (STEM) degrees from universities across South Africa – a significant increase from the 50 applications received last... 

China loans to Africa energy, infrastructure projects almost trebled between 2016 and 2017

By: African News Agency      26th July 2018 The value of Chinese loans to energy and infrastructure projects in Africa almost trebled between 2016 and 2017 to nearly $9-billion and the impact of this lending is increasingly visible in Africa, law firm Baker McKenzie said at the sidelines of a Brics summit. Baker McKenzie, participating at... 

Varied policy frameworks constraining Africa’s development potential

By: Simone Liedtke     19th July 2018 Policy and regulatory frameworks across Africa remain varied and largely constrain the development potential of the continent, international law firm Pinsent Masons Africa partner Rob Morson says. Speaking at the PowerGen conference, in Sandton, on Thursday, he lamented that the current policy... 

How mining tycoons are trying to foil a big UK bribery probe

By: Bloomberg     16th July 2018 It’s a faint echo of the defense being floated by targets of the Mueller probe in the US – an unaccountable circle of bureaucrats manipulating the system to their own ends. But in London, it’s the last ditch effort by a trio of Kazakh oligarchs to derail the UK’s biggest bribery investigation. 

South African M&A activity declines in H1

By: Marleny Arnoldi     12th July 2018 Merger and acquisition (M&A) transactions in South Africa declined in terms of both volume and value of domestic and cross-border deals, according to analysis by law firm Baker McKenzie.  

Hogan Lovells optimistic that Africa is fit for the future at fifth annual Africa Forum

9th July 2018 Global law firm Hogan Lovells is set to host its fifth annual Africa Forum London event at Merchant Taylors’ Hall in the heart of City, against the backdrop of a rapidly-improving investment outlook across the continent. This year’s Forum – themed Africa Fit for the Future – aims to explore,... 

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... 

Congo court suspends hearing on Glencore-owned cobalt mine

By: Bloomberg     2nd July 2018 A court in the Democratic Republic of Congo suspended a hearing about a lawsuit brought by a former shareholder of a Glencore-owned cobalt and copper mine. The case was put on hold pending a decision by the country’s Court of Appeal on whether the High Court should have jurisdiction over the... 

Class action lawsuit filed against South Africa's Sibanye-Stillwater following fatalities 

By: Reuters     28th June 2018 A US law firm has filed a class action lawsuit against South African miner Sibanye-Stillwater on behalf of shareholders to recover losses suffered after a spate of deaths at its mines triggered a sharp fall in its share price. Bernstein Liebhard said in a statement the suit would deal with... 

EOH names specialised solutions company Nextec as restructuring takes shape

By: Schalk Burger     27th June 2018 JSE-listed EOH has revealed the name of its new specialised solutions company as Nextec, while its information and communication technology (ICT) business will continue to operate under the EOH brand, the company said in a statement on Wednesday. This follows after the group, in March, announced... 

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... 

Gordhan lays out State's case against suspended Sars boss Moyane  

By: News24Wire      15th June 2018 Public Enterprise Minister Pravin Gordhan has laid out the State's case against suspended South African Revenue Service (Sars) commissioner Tom Moyane in a 69-page affidavit. Moyane was suspended from the tax agency on March 19. President Cyril Ramaphosa at the time accused him of overseeing a... 

Rise To The Challenge In Honouring Nelson Mandela

1st June 2018 Join 200 Ceo’s At Liliesleaf Farm & Museum To Raise R30-Million For Charity! Speaking at the launch of The 2018 SleepOut™ Movement, recently held at Chancellor House, Dr. Makaziwe Mandela, Nelson Mandela’s eldest daughter and Patron of The 2018 SleepOut™ Movement stated, “I am very proud but very... 

Safety issues must be addressed – law firm

By: Jessica Oosthuizen     1st June 2018 Safety is a massive problem in the rail industry in South Africa and it must be dealt with, says global law firm Norton Rose Fulbright director and head of rail David Kapelus. Ageing infrastructure and unlawful activity contribute to the country’s rail safety problems, with significant problems... 

Fasken chosen as Global Mining Law Firm of the Year by Who’s Who Legal

14th May 2018 For the tenth time, Fasken has been recognized as the world’s top Global Mining Law Firm of the Year by Who’s Who Legal for 2018, which is also the Firm’s fourth consecutive win. It is an incredible accomplishment, since the Firm has won more than any other law firm in the world, solidifying it... 

Positive sentiment remains, despite 8.4% y/y fall in March mining production

By: Simone Liedtke     10th May 2018 The 8.4% year-on-year decrease in South Africa’s mining production in March is not necessarily an accurate reflection of the state of the mining industry, says international law firm Hogan Lovells mining head Warren Beech. He hopes that figures will have “smoothed out by June or July”, as at... 

Mines urged to prioritise safety

By: Marleny Arnoldi     7th May 2018 Mining companies should regularly scrutinise their health and safety systems to ensure these comply with the Mine Health and Safety Act (MHSA), law firm Webber Wentzel health and safety practice partner Ken Coster advises.  

South Africa to appeal court ruling on black ownership of mines 

By: Bloomberg     23rd April 2018 South Africa has sought leave to appeal a court judgment earlier this month over a crucial black-ownership principle in the country’s Mining Charter, the nation’s mining lobby said. The Chamber of Mines has been notified that Mineral Resources Minister Gwede Mantashe and the Department of Mineral... 

Pinsent Masons appoints Sibanda as Jhb office head

By: Simone Liedtke     23rd April 2018 International law firm Pinsent Masons has appointed George Sibanda as head of the firm's Johannesburg office. Sibanda, who joined the firm when it launched its presence in Africa last year, is a highly skilled corporate specialist and has worked on numerous capital raisings, including on the... 

New Denel board faces tough turnaround task as financial pressure mounts

By: Rebecca Campbell     20th April 2018 Public Enterprises Minister Pravin Gordhan recently announced the completely new, high-powered, Board to turn-around beleaguered State-owned defence industrial group Denel. Technically, it is currently an interim Board, he explained, because it had not yet been approved by the Cabinet. He... 

Gemfields faces lawsuit alleging rights abuses at ruby mine

By: Bloomberg     16th April 2018 More than 100 Mozambicans filed a case in London alleging “serious human rights abuses” at Gemfields’ ruby mine in the Southern African nation, according to their lawyers. Leigh Day, the London-based law company, alleged its clients suffered abuses at the hands of security forces at the Montepuez... 

Court ruling on ‘once empowered, always empowered’ principle brings certainty to the mining industry

By: Simone Liedtke     6th April 2018 The High Court’s judgment earlier this week in support of the ‘once empowered, always empowered’ principle will provide clarity for the mining industry, which will contribute to greater investor confidence, says law firm Webber Wentzel. The High Court on Wednesday ruled that mining right holders... 

Proper dredging, correct dredge depths critical

By: Jessica Oosthuizen     30th March 2018 It is imperative that harbours are properly dredged and channels are kept open to facilitate smooth port operations, says global law firm Norton Rose Fulbright director and transport head Andrew Robinson. “Dredging is a much more complicated process than many people realise and the fact that a... 

Court rules that Optimum BRP removal application is urgent

By: Marleny Arnoldi     22nd March 2018 Law firm Kruger & Co Attorneys says the North Gauteng High Court has ruled that its application to remove the current business rescue practitioners (BRPs) for the Optimum coal mine, is urgent.  

South Africa joins global AI community

By: Marleny Arnoldi     20th March 2018 Global nonprofit organisation City.AI has welcomed South Africa as a new member and is inviting local artificial intelligence (AI) practitioners to attend its first Cape Town City.AI event, which will be held on March 27.  

Beleaguered Jonas Makwakwa quits Sars

By: News24Wire      14th March 2018 The South African Revenue Service (Sars) announced on Wednesday that its chief officer for business and individual tax, Jonas Makwakwa, has resigned with immediate effect. Sars commissioner Tom Moyane made the announcement at an urgent briefing. 

Transnet is trying to root out Gupta-related corruption – Gama

By: African News Agency      14th March 2018 Transnet is trying to get to the bottom of how the company was committed to contracts that saw an agency linked to the Gupta family earn lavish fees on its infrastructure contracts, CEO Siyabonga Gama told MPs on Wednesday. "It has given Transnet a very bad name and a very bad reputation, so that... 

Nigerian mining’s GDP contribution seen increasing sixfold to 3%, cautious optimism takes hold in South Africa

By: Mia Breytenbach     23rd February 2018 With investors continuously scouring for new opportunities worldwide and countries scrutinised for their investment attractiveness and moni- tored in terms of economic growth, new light has been cast on the re-emerging and growing Nigerian mining sector, while South Africa’s mining industry... 

Altron says independent investigation finds no DTT collusion

By: Natasha Odendaal     22nd February 2018 An Allied Electronics- (Altron-) commissioned independent investigation has cleared the group’s subsidiaries of alleged collusion in the 2015 set-top box (STB) tender for government’s digital terrestrial television (DTT) project. Altech UEC had failed in its bid for the DTT tender in 2014;... 

Transnet board cannot revoke its responsibility – Brown

By: Megan van Wyngaardt     20th February 2018 Public Enterprises Minister Lynne Brown on Tuesday instructed State-owned Transnet to report alleged irregularities identified in an investigative report by law firm Werksmans Attorneys on the R54-billion procurement of 1 064 locomotives in 2014 to law enforcement authorities. The parastatal last... 

Framework continues to form sector foundation

By: Simone Liedtke     16th February 2018 The economic opportunity represented by the continent’s need for energy makes the African energy industry an attractive prospect for foreign investment, says law firm Norton Rose Fulbright director Lizel Oberholzer. 

Gemfields transparent, proactive in rebutting rights allegations

By: Martin Creamer     12th February 2018 Coloured gemstones company Gemfields has been transparently proactive in rebutting claims of human rights abuses in Mozambique, where it mines rubies. "We've voluntarily elected to issue this statement," Gemfields, headed by CEO Sean Gilbertson, commented in a release on Monday about UK-based law... 

Tanzania lays down the law on local participation in mining sector

By: Anine Kilian     7th February 2018 The mining industry in Tanzania is adopting a wait-and-see approach following the government’s sweeping changes to mining regulations, aimed, in part, at ensuring sovereign ownership of the country’s natural resources. Over the past 12 to 18 months – and as recently as last month – there has been... 

Southern African countries, Botswana to play larger role in coal export market

By: Mia Breytenbach     2nd February 2018 Botswana, South Africa and Mozambique are beginning to play a much bigger role in the Southern African domestic and export coal market, says Botswana Mineral Resources, Green Technology and Energy Security Minister Sadique Kebonang. Speaking at the IHS Markit South African Coal Export Conference,... 

MEIBC changes welcome, but should take employer into consideration

By: Megan van Wyngaardt     23rd January 2018 Although the Metal and Engineering Industries Bargaining Council (MEIBC) main agreement negotiation process, that took place from June to August last year, was riddled with technical issues and procedural hurdles, the extension to all nonparty employers and employees falling within the scope of... 

Lundin secures a $300m debt facility to ensure Fruta del Norte’s development

By: Samantha Herbst     23rd January 2018 Canadian project developer Lundin Gold has secured a $300-million debt facility through commitments from five senior lenders – namely ING Capital, Société Générale, Caterpillar Financial Services Corporation, the Bank of Nova Scotia and KfW IPEX-Bank – for the development and construction of the... 

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