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Topic - Mineral Resources
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Sep 04, 2014
Amendments to portions of the National Environmental Management Act (Nema) and the Minerals and Petroleum Resources Development Act (MPRDA) that govern the environmental requirements of mining companies in South Africa are expected to finally settle a legislative...
Sep 04, 2014
ASX-listed Challenger Energy was in advanced discussions regarding a possible farm-in agreement over its Cranemere shale gas project, in South Africa. “We are working on a compelling partnership,” Challenger MD Robert Willes told Mining Weekly Online on the...
Aug 29, 2014
The financial director of the Steel Authority of India Limited (SAIL) has revealed the losses currently being borne by the Benga coal operation in Mozambique’s Tete province. Anil Chaudhary reported that Benga’s production costs were $165/t while the current market...
Aug 20, 2014
The National Union of Mineworkers (NUM) has vowed to fight retrenchments at Petra Diamonds' Helam mine in North West, the union said on Tuesday. "We will fight tooth and nail to make sure that these retrenchments do not happen," chief negotiator Lekhotla Mabea said.
Aug 14, 2014
Nkosazana Dlamini-Zuma
The dominance of mining in Africa has made the industry's development a critical target under the African Union’s (AU’s) Agenda 2063, AU Commission chairperson Nkosazana Dlamini-Zuma said on Thursday. Speaking at the 2014 Mining Lekgotla, in Midrand, she pointed out...
Jul 23, 2014
East Africa would be the next major oil and gas play on the continent, professional services firm PwC Africa Oil & Gas Advisory senior manager Derek Boulware said on Wednesday. Speaking at the launch of the firm’s 2014 Africa oil and gas review titled ‘On the brink...
Jul 22, 2014
Anti-fracking lobby group Treasure the Karoo Action Group (TKAG) and social rights group AfriForum hand delivered a letter to President Jacob Zuma this week calling on him to declare a fresh moratorium on hydraulic fracturing in South Africa, or face possible legal...
Jul 18, 2014
ASX-listed Mineral Resources (MinRes) has reported record iron-ore sales for its full year ended June, with the company increasing export volumes by 88% on the 2013 figures, to 10.4-million tonnes. During the quarter ended June, iron-ore exports increased by 14%, to...
Jul 17, 2014
Jul 15, 2014
Jul 04, 2014
Jul 03, 2014
 
 
 
Jul 03, 2014
China’s steel giant Baosteel and its business partner Aurizon Operations have gained control of diversified miner Aquila Resources. Aquila on Thursday signed a bid implementation agreement with the two companies, which allowed for an accelerated payment of the...
Jun 27, 2014
Mineral Resources Minister Ngoako Ramatlhodi
Mineral Resources Minister Ngoako Ramatlhodi has mining interests in certain companies, as reported, but a process is under way for him to resign. He held the mining interests before he was appointed to the portfolio, Ramatlhodi's spokesperson Mahlodi Muofhe said on...
Jun 24, 2014
Mineral Resources Minister Ngoako Ramatlhodi on Monday warned communities to refrain from illegal mining activities after the bodies of eight illegal miners were found at a gold mine in Benoni. "It is not only dangerous, but can lead to incidents such as this one,"...
Jun 20, 2014
Meetings between platinum producers and the Association of Mineworkers and Construction Union (AMCU) aimed at ending the five-month-old strike in the sector were continuing on Friday. "There have been meetings yesterday [Thursday] between Amcu and the producers and...
Jun 18, 2014
The board of takeover target Aquila Resources has urged shareholders to accept the joint offer by China’s Baosteel and freight transporter Aurizon Holdings, after the company was unable to negotiate a deal with fellow-listed Mineral Resources. The diversified...
Jun 16, 2014
Speculation arose on Monday that ASX-listed takeover target Aquila Resources and fellow-listed Mineral Resources were on the cusp of a corporate deal after both companies went into a trading halt. Aquila was currently the target of a A$1.4-billion joint bid by...
Jun 13, 2014
Government would remain committed to maintaining fiscal sustainability and keeping its debt within manageable levels, the National Treasury stressed on Friday following ratings agency Fitch’s revision of South Africa’s outlook from stable to negative. “Indeed, fiscal...
Jun 12, 2014
ASX-listed Mineral Resources on Thursday confirmed that it had acquired more than 52.6-million shares in takeover target Aquila Resources, saying it had been investigating a development plan for Aquila’s West Pilbara iron-ore project since before the Baosteel-Aurizon...
Jun 10, 2014
Ngoako Ramatlhodi
As government’s bid to end the 21-week strike crippling the platinum sector fails, new Mineral Resources Minister Advocate Ngoako Ramatlhodi on Tuesday stressed that his decision to exit the wage talks at a critical juncture was a move meant to pressurise...
Jun 09, 2014
Ngoako Ramatlhodi
The last effort by new Mineral Resources Minister Ngoako Ramatlhodi to bring an end to the 21-week strike by Association of Mineworkers and Construction Union members in South Africa's platinum mining sector has failed, with the platinum producers announcing on...
 
 
 
 
May 27, 2014
Following his appointment by President Jacob Zuma on Sunday, Mineral Resources Minister Ngoako Ramatlhodi has embarked on a series of consultative engagements with key mining stakeholders aimed at unifying the besieged industry. Ramatlhodi, an advocate by profession,...
May 09, 2014
Not long after the May 24 inauguration of South Africa’s next President – who will be chosen during the first sitting of the country’s fifth democratically elected Parliament, probably on May 21 – citizens will receive a good sense of the priorities of the next...
Apr 30, 2014
TSX- and JSE-listed Forbes & Manhattan Coal on Wednesday announced that it had extended the closing date for the acquisition of a portion of junior coal miner Ikwezi Mining’s mining right for Alleen No 2, located adjacent to Forbes’ current Magdalena opencast...
Apr 11, 2014
Uranium
After initially acquiring a 49% interest in Umnex Minerals Limpopo (UML), base metals and uranium explorer URU Metals has completed the full acquisition of the group, making URU the new 100% owner of the 1.5-billion tonne Zebediela nickel project, in South Africa.   ...
Apr 08, 2014
President Jacob Zuma
Western Cape Finance, Economic Development and Tourism Minister Alan Winde on Tuesday slammed the passing of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill through the National Council of Provinces (NCOP), calling for President Jacob Zuma...
Apr 08, 2014
JSE-listed Harmony Gold has reported that an employee was fatally injured at its Tshepong mine, near Welkom, early on Tuesday morning, after being inundated by ore in a centre raise. The company said investigations into the accident were under way, with all...
Mar 25, 2014
Mineral Resources Minister Susan Shabangu
The office of the Auditor-General handed clean audit awards to three of the State-owned enterprises (SOE’s) reporting to the Department of Mineral Resources (DMR) between the 2012 and 2013 reporting period at the department’s offices in Pretoria on Tuesday....
Mar 24, 2014
ASX-listed Mineral Commodities (MRC) on Friday officially opened its fully-funded $16-million Tormin mineral sands mine project, on the West Coast, which it claimed would inject more than R1-billion a year into the Western Cape economy over the next five years. The...
Mar 21, 2014
In his State of the Nation Address last month, President Jacob Zuma reiterated government’s belief that hydraulic fracturing (fracking) would be a game changer for the South African economy, while Mineral Resources Minister Susan Shabangu announced in January that...
Mar 17, 2014
Trade union Uasa is satisfied with the level of attention South Africa’s water challenges are receiving from Water Affairs Minister Edna Molewa and Mineral Resources Minister Susan Shabangu. On Friday, acid mine drainage (AMD) pumps were inserted by the Department of...
 
 
 
 
Mar 14, 2014
Following the recent pronouncement by Mineral Resources Minister Susan Shabangu that the finalised technical regulations for petroleum exploration and exploitation, the so-called fracking regulations, will be published imminently, South Africa is one step closer to...
Mar 13, 2014
The Chamber of Mines (CoM) on Thursday said it generally welcomed and supported the approval of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill by Parliament on Wednesday, stating that it believed that significant progress had been made in...
Mar 13, 2014
Mineral Resources Minister Susan Shabangu
Controversial changes to South Africa’s mineral laws have been passed in the National Assembly, despite warnings that they could deter investors and damage the country’s mining and energy industries. The Mineral and Petroleum Resources Development Act Amendment Bill...
Mar 07, 2014
The National Assembly’s Portfolio Committee on Mineral Resources on Thursday approved the Mineral and Petroleum Resources Development (MPRDA) Amendment Bill creating concerns that it was being rushed through Parliament ahead of the general election on May 7....
Mar 05, 2014
Mineral Resources Minister Susan Shabangu
South Africa is the richest country in the world when it comes to its minerals endowment. However, much of the continent had historically been – and is still being – exploited for overseas gain, with little value trickling down to local residents, South African...
Mar 04, 2014
Water and Environmental Affairs Minister Edna Molewa
Exploration for shale gas in the Karoo has taken another step, with the final regulations being consolidated, Water and Environmental Affairs Minister Edna Molewa has revealed. “The Minister of Mineral Resources is now ready to consolidate. We’re looking at...
Feb 21, 2014
Mineral Resources Minister Susan Shabangu
Mineral Resources Minister Susan Shabangu on Friday denied encouraging platinum miner Anglo American Platinum (Amplats) to take legal action against the Association of Mineworkers and Construction Union (AMCU). Amplats on Sunday announced that it was suing AMCU for...
Feb 21, 2014
Mineral Resources Minister Susan Shabangu
Illegal mining in South Africa was getting out of control with about 6 000 people estimated to be involved in the practice of illegal underground mining and another 8 000 in illegal surface mining, Mineral Resources Minister Susan Shabangu said on Friday. She pointed...
Feb 20, 2014
AMCU president Joseph Mathunjwa
The Association of Mineworkers and Construction Union (AMCU) would be willing to move on its wage demand of R12 500 for entry-level miners in the platinum sector, but only if the CEOs of the three platinum majors at which the controversial union was currently...
Feb 14, 2014
CoM president Mike Teke
The Chamber of Mines (CoM) on Friday reiterated its commitment to “putting South Africa first” as the mining sector played a "key role in realising growth". The chamber was responding to President Jacob Zuma's emphasis, during Thursday’s State of the Nation Address,...
 
 
 
 
Feb 13, 2014
Mineral Resources Minister Susan Shabangu
The multiple fatalities reported in separate incidents at four of Harmony Gold’s South African operations this year were a “major setback” for the mining industry, Mineral Resources Minister Susan Shabangu said this week. Speaking at the memorial service for the nine...
Feb 13, 2014
Diversified miner and mining services provider Mineral Resources has reported record revenue and a 110% increase in earnings before interest, tax, depreciation and amortisation for the half-year to December. Revenue for the interim period was up 86.4% to...
Feb 11, 2014
Norman Mbazima
JSE-listed Kumba Iron ore produced and exported less in the 12 months to December 31 but this did not stop South Africa’s iron-ore major from raising its dividend on the back of a marked increase in earnings. Total production of iron-ore fell 2% to 42.4 million tons...
Feb 07, 2014
The Department of Trade and Industry (DTI) reiterated the need for increased beneficiation of South Africa’s minerals to create jobs and drive enhanced revenue creation. Speaking at an investment promotion workshop at the Investing in African Mining Indaba, in Cape...
Feb 06, 2014
Mineral Resources Minister Susan Shabangu has confirmed that operations at Harmony Gold’s Doornkop mine will cease until the area has been declared safe for employees. This followed a 2.4 seismic event on Tuesday, which triggered a fall-of-ground accident and...
 
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