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On the mend?

By: Terence Creamer     28th September 2018 Business confidence is at debilitating low levels and trust between government and business remains fragile after the abusive Zuma years. Nevertheless, there are some encouraging signs that the relationship is on the mend, albeit at such a high level that it will take time to filter through to... 

CEO Initiative to support government’s investor outreach at October summit

By: Terence Creamer     18th September 2018 The CEO Initiative is putting its weight behind President Cyril Ramaphosa’s plans for increasing levels of investment and stimulating growth in the recession-afflicted South African economy. The CEO Initiative draws in business leaders from various sectors and rose to prominence during Pravin... 

Seriti’s Teke awarded Brigadier Stokes Memorial Award

By: Marleny Arnoldi     21st August 2018 The Southern African Institute of Mining and Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and his leadership role in society. The platinum medal presented to Teke last week by Seriti’s... 

Anglo completes sale of New Largo to Seriti

By: Simone Liedtke     1st August 2018 Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation. The cash... 

Seriti Resources interested in Optimum Coal as it looks to export

By: Reuters     6th June 2018 South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. Bidding for Optimum Coal would pit Seriti, which has ambitions to become a black-owned mining champion, with bigger... 

Anglo concludes R2.3bn sale of Eskom-tied mines to Seriti

By: Anine Kilian     1st March 2018 Anglo American has completed the sale of its Eskom-tied thermal coal operations to broad-based, majority black-owned and -controlled South African mining company Seriti Resources, which is led by CEO Mike Teke, for R2.3-billion. The acquisition includes the New Vaal, New Denmark and Kriel mines,... 

2018 presents best prospects in a decade for African mining – Standard Bank

By: Anine Kilian     6th February 2018 Sustained commodity price growth and reduced costs are likely to present Africa’s mining sector with the best prospects in over a decade. “The centrality of mining to the development of the continent means that 2018 is likely to be a watershed year in Africa’s ongoing growth story,” Standard Bank... 

Seriti coal deal edging forward positively – Anglo

By: Martin Creamer     27th July 2017 The sale by Anglo American of its Eskom-tied coal mines to the black-owned Seriti start-up is edging forward positively, new Anglo American new financial director Stephen Pearce said on Thursday. Anglo has signed a binding sale and purchase agreement with Seriti in a transaction that has been... 

Platinum drop fires social unrest as villagers turn on mines

By: Bloomberg     13th June 2017 More platinum wealth lies beneath South African soil than anywhere else on Earth, and for decades the companies that extracted the precious metal promised to help improve the lives of the impoverished people who live above their mines. Those communities are getting tired of waiting.... 

Chamber looks forward to years when platinum Mandela coin gains pre-eminence 

By: Martin Creamer     30th May 2017 The Chamber of Mines of South Africa is looking forward to the years when a platinum Mandela coin gains pre-eminence globally, emulating South Africa’s great success with gold coinage. This month’s launch by the UK’s Royal Mint of its first-ever platinum bullion products has rekindled hopes that... 

Zambezi Protocol to serve as guide for identity-changing chamber 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

On-The-Air (21/04/2017) 

By: Martin Creamer     21st April 2017 A new gold project being fast-tracked following the successful raising of capital in London and Johannesburg; A new aspirant mining champion has stepped up to the plate with a R2.3-billion debut deal and Money is being raised to revive a once thriving copper-mining area in the Northern Cape. 

Unions back Seriti's purchase of Anglo coal mines

By: Martin Creamer     11th April 2017 Two labour unions on Tuesday publicly backed the sale by Anglo American of coal assets to Seriti, the new black-owned start-up with aspirations to be South Africa’s next mining champion. Both the National Union of Mineworkers (NUM) and the Solidarity union put out statements welcoming the... 

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag 

By: Martin Creamer     10th April 2017 A new aspirant South African mining champion on Monday announced its intention to purchase Anglo American’s Eskom-tied domestic thermal coal operations in South Africa, which would position the majority black-owned start-up as the potential second-largest provider of coal to the State electricity... 

Anglo sells coal mines to Mike Teke’s Seriti

By: Martin Creamer     10th April 2017 Diversified mining company Anglo American on Monday announced the sale of its Eskom-tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings, a company majority owned by historically disadvantaged South Africans and led by a management team... 

Masimong said to lead bid for Anglo's South African coal mines

By: Bloomberg     30th March 2017 Masimong Minerals has emerged as the favourite to win an auction for some of Anglo American’s South African coal mines, according to two people familiar with the matter. Led by South African Chamber of Mines President Mike Teke, Masimong has edged ahead of Phembani Group, the other shortlisted... 

Anglo's South African coal bidders said to consider listings

By: Bloomberg     15th March 2017 The two main bidders for Anglo American’s South African coal mines plan to list their companies if they are successful in buying the operations, according to three people familiar with the plans. Phembani Group, founded by MTN Group chairperson Phuthuma Nhleko, and Masimong Minerals are seen as... 

Mining won’t be bullied into submission – Froneman 

By: Martin Creamer     7th February 2017 South Africa’s mining industry will not be bullied and beaten into submission and all stakeholders have a role to play to improve the South African situation, Chamber of Mines (CoM) VP and Sibanye Gold CEO Neal Froneman said on Tuesday. Speaking assertively at the Investing in African Mining... 

Chamber calls on mining to renounce its apartheid past

By: Martin Creamer     6th February 2017 Mining is the foundation of the South African economy. Much of the manufacturing and services sectors exist because they were initiated to service and provide inputs to the mining industry since the second half of the 19th century. However, mining was also one of the foundation stones of South... 

Minerals Minister urged to make new legislative start

By: Martin Creamer     5th February 2017 South Africa’s Minerals Minister Mosebenzi Zwane has been urged to withdraw the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill and to make a new legislative start that embraces the African Mining Vision and the Chilean model. Speaking at a media conference ahead of the... 

RBCT targeting export of 77Mt of coal in 2017 

By: Martin Creamer     31st January 2017 The export target of Richards Bay Coal Terminal (RBCT) for 2017 is 77-million tonnes, which has been set against the backdrop of the terminal hitting an all-time monthly export record of eight-million tonnes in November. In 2015, RBCT exported a record 75.4-million tonnes of coal but fell back to... 

Anglo confident of ‘favourable outcome’ with Eskom on sale of three tied coal mines  

By: Terence Creamer     25th January 2017 Mining group Anglo American says it has held discussions with and continues to engage with Eskom, government and potential bidders on its plan to exit its Eskom-tied mines – Kriel, New Denmark and New Vaal. Responding to Eskom interim CEO Matshela Koko’s insistence that Eskom had assets at the... 

Mine safety a casualty of too many distractions, say unions as 2016 statistics show marginal improvement

By: Natasha Odendaal     19th January 2017 South Africa’s mining stakeholders need to “go back to the drawing board” and refocus efforts on bringing down the number of fatalities in the sector, trade union Solidarity's deputy general secretary for occupational health and safety and sustainable development Advocate Paul Mardon said, as a... 

Anglo shortlists bidders for some South African coal mines

By: Bloomberg     19th January 2017 Anglo American has shortlisted groups led by some of South Africa’s most prominent black businessmen as bidders for several of its South African coal mines as it focuses on diamonds, platinum and copper, two people familiar with the discussions said. Groups selected by Anglo include companies led... 

Empowerment of women in mining crucial to transforming society broadly – Teke

By: Ilan Solomons     14th September 2016 In transforming South African society, the mining sector is continually challenged to deliver on its transformation objectives and particularly that of the empowerment of women in the industry, which is of critical importance in achieving this goal, Chamber of Mines of South Africa president Mike... 

Zwane decries sharp increase in mine fatalities

By: Ilan Solomons     15th July 2016 Mineral Resources Minister Mosebenzi Zwane on Friday lamented the sharp rise in mining-related fatalities this year and called for “extraordinary measures” to be taken to prevent further fatalities occurring in the sector. Speaking at a health and safety Imbizo at diversified miner Sibanye Gold's... 

CoM reveals half of mining companies are lossmaking; re-elects Teke as president

By: Ilan Solomons     18th May 2016 Chamber of Mines (CoM) CEO Roger Baxter on Wednesday said the chamber’s members had experienced progressively weakening commodity prices, rapidly rising costs, falling productivity and some regulatory issues that challenged their ability to sustain operations and to maintain employment levels.... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer     25th April 2016 Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Miners react to go-it-alone Zwane

By: Martin Creamer     18th April 2016 South African gold mining company Sibanye on Monday expressed disappointment that the draft revised Mining Charter was gazetted without prior consultation. In a unilateral action, Minister Mosebenzi Zwane on Friday gazetted the draft reviewed broad-based black economic-empowerment Mining Charter,... 

Mine fatalities reach all-time low, occupational disease incidences fall 3% 

By: Ilan Solomons     28th January 2016 In 2015 South Africa recorded its lowest-ever number of mine fatalities - 77, down from 84 the year before, Mineral Resources Minister Mosebenzi Zwane revealed on Thursday. Gold mines reported 33 fatalities in 2015 – an improvement on the 44 fatalities the year before; however, the number of... 

Richards Bay Coal Terminal sets new 75.4Mt export record

By: Martin Creamer     19th January 2016 The Richards Bay Coal Terminal (RBCT) last year exported 75.4-million tonnes of coal to set a new record and exceed its target. The 5.7% increase over 2014’s 71.2-million tonnes is seen as a strong achievement at a time of tough market conditions and low coal prices. 

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

By: Jade Davenport     15th January 2016 Over the last few years, South Africa’s mining industry has staggered into the new year increasingly the worse for wear, having been ravaged by a myriad of challenges over the course of the previous year, including mineral policy uncertainty, labour-management disputes, waning investor... 

Mining stakeholders launch national TB screening programme

By: Megan van Wyngaardt     11th December 2015 A significant three-year tuberculosis (TB) screening campaign, aimed at implementing screening and testing for the disease among employees in South Africa’s mining sector, has been launched by the industry’s stakeholders. This included the departments of Health and Mineral Resources; unions, the... 

Mosebenzi Zwane is new Mineral Resources Minister 

By: Martin Creamer     23rd September 2015 Mosebenzi Zwane is South Africa’s new Mineral Resources Minister in a Cabinet reshuffle that saw Ngoako Ramatlhodi’s 16-month spell come to an abrupt end. Chamber of Mines of South Africa president Mike Teke and CEO Roger Baxter said in a statement on Wednesday that the chamber looked forward to... 

Coal terminal in R1.34bn equipment replacement drive

By: Martin Creamer     16th July 2015 The private-sector-owned Richards Bay Coal Terminal (RBCT) on Thursday announced a R1.34-billion equipment replacement project to boost South Africa’s coal supply chain and replace aging equipment with minimal impact on the business of the coal terminal. To be replaced after 39 years of service... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok 

By: Martin Creamer     29th June 2015 The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Chamber president calls for junior consolidation

By: Martin Creamer     3rd June 2015 The fragmentation of junior mining in South Africa should be brought to an end through consolidation, Chamber of Mines of South Africa president Mike Teke urged on Wednesday. Speaking at the Junior Indaba conference on the strategic importance of the exploration and junior sectors of the mining... 

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