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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. 

Uncertainty surrounds Centerra’s main producing asset in 2016

By: Henry Lazenby     25th February 2016 Significant uncertainty hangs over Canadian miner Centerra Gold’s flagship Kumtor mine, in the Central Asian Republic of Kyrgyzstan, as the company’s only currently operating mine faces legal and regulatory headwinds this year. In reporting its fourth-quarter and full-year 2015 financial results... 

We will get Lily Mine workers out, alive or not – Minister Zwane

By: News24Wire      24th February 2016 Everything possible is being done to rescue the three people still trapped in the Lily Mine in Mpumalanga, Mineral Resources Minister Mosebenzi Zwane said on Wednesday. ''We are interested in a mission that will get the container out, with the people, whether living or not living,'' Zwane said... 

Lily Mine rescue operation to resume in three weeks

By: News24Wire      18th February 2016 It may take up to three weeks for rescue operations to resume again at the Lily Mine in Barberton, Mpumalanga where three employees are still trapped underground, Mineral Resources Minister Mosebenzi Zwane said late on Wednesday. After discussions with rock engineering experts who had assessed... 

Zwane calls for extraordinary measures in Lily Mine rescue

By: African News Agency      15th February 2016 Mineral Resources Minister Mosebenzi Zwane has called for “extraordinary measures” to be taken to ensure that the three mineworkers trapped at Lily Mine in Barberton were rescued. On Monday, Zwane said the rescue teams would be reinforced to include rock engineers and other experts to assess the... 

Rescue teams 12 m away from trapped miners

By: News24Wire      9th February 2016 With rescue teams only 12 m away from where the Lily Mine workers in Mpumalanga are trapped, it's now only a matter of drilling through rocks to reach the three. The mine's operations director, Mike Begg, said all efforts on Tuesday would be aimed at breaking through to the lamp room. 

Lily Mine served closure notice

By: African News Agency      8th February 2016 Mineral Resources Minister Mosebenzi Zwane on Monday announced that his department had served the Lily Mine in Barberton, Mpumalanga, with a Section 54 notice for a mine closure while the operations to rescue three trapped workers continued. The management at the mine was on Monday morning... 

Wrap-up of MPRDA matter of urgency – Minister

By: Martin Creamer     8th February 2016 The completion of the amendments to South Africa’s Mineral and Petroleum Resources Development Act (MPRDA) was being treated as a matter of urgency, Mineral Resources Minister Mosebenzi Zwane said on Monday. Delivering the keynote address at the opening of Investing in African Mining Indaba,... 

Worker safety in sharp focus as mining indaba starts in CT

By: African News Agency      8th February 2016 The 2016 Investing in African Mining Indaba – currently the world’s largest mining investment event and Africa’s largest mining event – starts in Cape Town on Monday at a time when the South African mining industry is under a cloud following a spate of fatal accidents and injuries. The conference... 

Jobs a critical focus for new mines Minister

By: Natasha Odendaal     5th February 2016 With thousands of mining jobs on the line in South Africa, potential job losses in a pressurised mining sector had become a critical topic at Mineral Resources Minister Mosebenzi Zwane’s first real engagement with the public on Friday. Zwane, appointed Minister late last year, had the difficult... 

DA to question Minister on alleged involvement in the sale of mine

By: Megan van Wyngaardt     29th January 2016 Democratic Alliance shadow Minister James Lorimer says he will question Mineral Resources Minister Mosebenzi Zwane in Parliament as to whether the Minister has made interventions on behalf of mining industry participants. This comes as the DA alleged that Zwane had confirmed that he was involved... 

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... 

Fire claims four lives at Implats’ Shaft 14

By: Natasha Odendaal     25th January 2016 The Department of Mineral Resources (DMR) has initiated an investigation after an underground fire at Impala Platinum’s (Implats’) Shaft 14, in Rustenburg, resulted in the death of four mineworkers over the weekend. Implats on Friday initiated search and rescue operations after four employees... 

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... 

NUM to fight retrenchments at Limpopo chrome mine

By: Natasha Odendaal     13th January 2016 The National Union of Mineworkers (NUM) on Wednesday vowed to fight the possible retrenchment of some 700 employees at the ASA Dilokong chrome mine, in Limpopo, amid restructuring efforts. In response to ASA’s issue of Section 189 notices to the NUM this week, the trade union called on Mineral... 

Mining sector exceeds 10% female employment target but sexual harassment, other challenges linger

By: Zandile Mavuso     11th December 2015 Various commentators, who lament the slow pace of change in the occupational culture in mining, say constitutional obligations need to be revisited to accommodate women who are adversely affected when working in the mining environment in South Africa. There are still significant challenges faced... 

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