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DMR denies using MHSA for its own gains

By: Anine Kilian     23rd August 2016 The Department of Mineral Resources (DMR) on Tuesday criticised certain mining companies for suggesting that its use of Section 54 of the Mine Health and Safety Act (MHSA), which compels producers to stop operations so that investigations can take place, furthers its own purposes. Mining majors... 

Mineral Resources may sell stake in Mt Marion lithium project

By: Mariaan Webb     18th August 2016 Mining infrastructure services firm Mineral Resources is considering divesting its shareholding in the Mt Marion lithium joint venture (JV) project, in Western Australia. Mineral Resources, which in June this year increased its stake in the project to 43.1% after exercising an option to acquire... 

Indonesia's new resources chief tells Freeport not to push on contract extension

By: Reuters     4th August 2016 Indonesia's newly appointed resources chief urged Freeport-McMoRan Inc on Wednesday not to push for a quick extension of its contract to operate the giant Grasberg copper mine, amid a planned revision of the country's mining law. In his first remarks on Freeport since his appointment as... 

BC Iron keen to develop Bucklands project, considering Nullagine options

By: Mariaan Webb     1st August 2016 The board of iron-ore junior BC Iron has approved a new business plan, which will focus the company’s efforts on the Bucklands mine-to-port development, while it is considering its options regarding the suspended Nullagine joint venture (JV) in Western Australia. BC Iron, which posted an... 

War of words between AfroCan, Vantage intensifies over failed Lily deal 

By: Ilan Solomons     26th July 2016 Canadian gold producer and investor AfroCan Resources Gold and South African gold miner Vantage Goldfields are continuing to exchange words in a dispute over a failed financing deal. AfroCan has stated that Vantage has demanded, in a letter received from Vantage’s attorneys dated July 25, that... 

Former mineworkers owed billions of rands

By: Natasha Odendaal     22nd July 2016 A substantial sum – between R7-billion and R10-billion – of an estimated R30-billion in unclaimed benefits is believed to be due to South Africa’s former mineworkers. The Department of Mineral Resources (DMR) is working to deliver a single compensation legislation by March and an integrated... 

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... 

Cosatu to march to DMR over Lily mine

By: African News Agency      8th July 2016 The Congress of SA Trade Unions (Cosatu) and its affiliate National Union of Mineworkers (NUM) would next week march to the Department of Mineral Resources to demand more government action to resolve the problems at Mpumalanga’s Lily Mine, where three workers remained trapped underground since... 

Underperformance by ANC in upcoming election may spell trouble for mines, BMI cautions

By: Ilan Solomons     5th July 2016 The South African government's vocal support for labour unions, particularly in wage negotiations, will increase owing to a rising challenge from the country’s political left, research firm BMI said on Tuesday. In an analysis piece entitled ‘Global Mining: Political Flashpoints 2016 Revisted’ the... 

Zwane appeals for calm at Northam Platinum

By: African News Agency      10th June 2016 Efforts to bring peace and stability at Northam Platinum operation in Limpopo will continue next week, Mineral Resources Minister Mosebenzi Zwane said on Thursday. “We will continue to engage with all stakeholders to resolves issues affecting you as workers. We will be back on Tuesday. The... 

AMCU speaks out on union dispute at Zondereinde

By: David Oliveira     9th June 2016 Association of Mineworkers and Construction Union (AMCU) has claimed that mine security and South African Police Service (SAPS) personnel had escorted armed members of the National Union of Mineworkers (NUM) at the Zondereinde platinum mine, in Limpopo, on Monday, and that this resulted in the... 

DMR, Keaton at odds over status of Vaalkrantz retrenchment process

By: Ilan Solomons     6th June 2016 The Department of Mineral Resources (DMR) continues to engage management of the Vaalkrantz colliery, in KwaZulu-Natal, to explore job saving options, DMR spokesperson Ayanda Shezi told Mining Weekly Online on Friday. She said the DMR continued to engage coal producer Keaton Energy’s wholly owned... 

Mine safety a ‘red flag’ for DMR as number of fatalities rise 

By: Natasha Odendaal     3rd June 2016 The number of fatalities at mines in South Africa is at risk of surpassing that of the 77 mineworkers' deaths recorded in 2015, Mineral Resources Minister Mosebenzi Zwane said on Friday. Addressing delegates at the National Union of Mineworkers' (NUM’s) 2016 Central Committee meeting, held in... 

Mineral Resources ups shareholding in Mt Marion lithium project

By: Mariaan Webb     3rd June 2016 ASX-listed Mineral Resources has exercised its option to acquire a further 13.1% shareholding in Reed Industrial Minerals from fellow-listed Neometals, taking its shareholding in the Mt Marion project to 43.1%. Mineral Resources subsidiary Process Minerals International would pay Neometals... 

Vaalkrantz retrenchments completed, KZN asset sale confirmation pending

By: Ilan Solomons     2nd June 2016 Coal producer Keaton Energy’s wholly owned subsidiary Leeuw Mining and Exploration (LME) has concluded a Section 189A process for the retrenchment of all 80 employees at its Vaalkrantz colliery in KwaZulu-Natal. Keaton has cited the ongoing global decline in coal prices, force majeure declared on... 

BC Iron expects enhanced earnings from Iron Valley

By: Mariaan Webb     20th May 2016 The Iron Valley mine in central Pilbara, which Mineral Resources operates, continues to deliver for owner BC Iron. The ASX-listed iron-ore company reported on Friday that Mineral Resources had shipped 4.8-million wet metric tonnes of product, which generated earnings before interest, taxes,... 

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.... 

Draft Mining Charter under intense legal scrutiny

By: Martin Creamer     10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

Under the microscope

By: Terence Creamer     29th April 2016 Much attention has been paid – appropriately so – to the circumstances that led to Optimum Coal Holdings becoming an asset of Tegeta Exploration and Resources; a company that is closely associated with the Gupta family’s Oakbay Investments. Glencore, the mine’s previous owner, placed the... 

Zwane, Chamber of Mines enter engagement

By: Natasha Odendaal     28th April 2016 Constructive bilateral engagement between Mineral Resources Minister Mosebenzi Zwane and the Chamber of Mines (CoM) has kicked off amid controversy surrounding the shock gazetting of the draft amended Mining Charter last month. The parties aimed to unpack “pertinent” issues within South Africa’s... 

Oakbay workers march to South African banks to ‘save’ their jobs

By: African News Agency      26th April 2016 Hundreds of workers from Gupta family-owned Oakbay Investments will on Tuesday march to the banks in an effort to save their jobs. The operations of Oakbay were thrown into jeaopardy after South Africa’s four main banks closed accounts of businesses owned by the controversial family. 

Draft Mining Charter seeks to clear up equity ownership confusion

By: David Oliveira     25th April 2016 Mineral Resources Minister Mosebenzi Zwane’s surprise gazetting of the draft Mining Charter earlier this month without any stakeholder engagement was likely motivated by a need to shake up the industry to meet the country’s transformation targets. Many debates around the draft document, which was... 

Draft Mining Charter 'only a proposal' – Zwane

By: Ilan Solomons     22nd April 2016 Mineral Resources Minister Mosebenzi Zwane on Friday sought to assure mining industry stakeholders concerned about certain provisions in the new broad-based black economic-empowerment Mining Charter that the draft was “just a proposal by government” and that “nothing has been cast in stone". The... 

Govt to intervene as Oakbay attempts to restore bank accounts

By: Natasha Odendaal     21st April 2016 Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe has insisted that, despite the appointment of three Ministers to engage the banks that cut ties with private Gupta-linked Oakbay Investments amid allegations of State capture, government was not interfering in matters... 

Solidarity lists 'devastating consequences' of proposed new Mining Charter

By: Samantha Herbst     20th April 2016 The proposed new broad-based black economic-empowerment (BBBEE) Mining Charter could mean devastating consequences for the ailing mining industry, believes trade union Solidarity, which strongly denounced the draft charter in a statement on Wednesday. The proposed draft, which was discussed in... 

NUM welcomes gazetted Mining Charter for public comment 

By: African News Agency      18th April 2016 The National Union of Mineworkers (NUM) on Sunday welcomed the gazetted reviewed Broad-based Black Economic Empowerment Charter for the South African mining and minerals industry by Mineral Resources Minister Mosebenzi Zwane. This was in line with section 100 of the Minerals and Petroleum... 

Zwane gazettes Mining Charter review for comment

By: Martin Creamer     15th April 2016 Mineral Resources Minister Mosebenzi Zwane on Friday gazetted the draft reviewed broad-based black economic empowerment Mining Charter for public comment. The Ministry said in a release to Creamer Media’s Mining Weekly Online that the draft sought to strengthen the charter’s efficacy to effect... 

I did not meet Guptas in Dubai – Van Rooyen 

By: News24Wire      11th April 2016 Cooperative Governance and Traditional Affairs minister Des Van Rooyen did not meet any of the Guptas during a trip to Dubai last year, his spokesperson said on Sunday. “He says he didn’t meet the Guptas,” said departmental spokesperson, Tsakani Baloyi. “He has indicated that he maintains that it... 

Kyrgyz govt backs White Cliff exploration

By: Esmarie Swanepoel     30th March 2016 The Kyrgyz State Agency for Geology and Mineral Resources has approved ASX-listed White Cliff Minerals’ exploration programme for its Aucu gold project. The exploration approvals, which covered the period between 2016 and 2020, followed on from the recent renewal of a five-year licence extension... 

Committee to review WA's port privatisation Bill

By: Esmarie Swanepoel     24th March 2016 The Association of Mining & Exploration Companies (Amec) on Thursday welcomed a move by the Western Australian National party to refer the Pilbara Port Privitasation Bill to a Parliamentary Committee for review. The state government in November of last year introduced legislation to Parliament... 

We have confidence in Zuma - ANC 

By: News24Wire      20th March 2016 The ANC national executive committee on Sunday reaffirmed that it had confidence in President Jacob Zuma, despite allegations that the politically connected Gupta family were influencing Cabinet appointments. This follows a difficult week where allegations surfaced that the family, said to be... 

ANC policy chief declines to comment on Gupta rumours

By: News24Wire      14th March 2016 ANC policy head Jeff Radebe would on Monday not discuss allegations that the politically connected Gupta family was influencing the appointment of Cabinet ministers. "My understanding is that about two weeks ago, the top six ANC officials met with the Gupta family and I assume that this might be... 

NUM welcomes minerals and petroleum board’s focus on jobs 

By: Natasha Odendaal     11th March 2016 The National Union of Mineworkers (NUM) on Friday welcomed Mineral Resources Minister Msebenzi Zwane’s constitution of a Minerals and Petroleum Board and the mandated focus on job losses. The board was appointed on Wednesday following the end of the term of office of the previous board on... 

Commodities slump might give South Africa 'breathing space' to prepare for next uptick

By: Samantha Herbst     11th March 2016 It has generally been acknowledged among industry insiders that, compared with its global counterparts, Africa’s mining industry has significantly underperformed in recent years, despite market challenges and the continued commodity slump impacting on the global mining industry. Moreover, South... 

New plan in place to recover Lily mine container

By: Anine Kilian     10th March 2016 Vantage Goldfields on Thursday announced at a media briefing that it would use a new and safer entrance route to approach the container at its Mpumalanga-based Lily mine, where three miners have been trapped underground for over a month.  The container fell prey to a sinkhole collapse that took... 

Lily mine suspends rescue operation for 3 trapped miners indefinitely

By: African News Agency      7th March 2016 The operation to rescue three miners are trapped underground for over a month at Vantage Goldfields’ Lily Mine at Barberton, Mpumalanga, have been suspended indefinitely and the mine would call another rock specialist to make a determination. The drilling of the second outlet at Lily mine has... 

Efforts to drill secondary outlet at Lily Mine on track – department

By: African News Agency      29th February 2016 Efforts to drill a secondary shaft at Vantage Goldfields’ Lily Mine at Barberton in Mpumalanga are on track, the mineral resources department said. Mineral Resources Minister Mosebenzi Zwane had visited the site to receive an update from mine management, the department said in a statement. 

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