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DMR moves to close down Langlaagte shaft of death

By: African News Agency      16th September 2016 The Department of Mineral Resources (DMR) on Friday confirmed that it was moving ahead with plans to shut down the shaft at the disused mine in Langlaagte, west of Johannesburg, where three illegal miners died last week after being trapped underground for days. DMR spokesperson Martina Madlala... 

Minister halts TEM’s Xolobeni mining application

By: Anine Kilian     16th September 2016 Mineral Resources Minister Mosebenzi Zwane has placed an 18-month moratorium on Transworld Energy and Mineral Resources’ (TEM’s) application to mine at Xolobeni in the Eastern Cape. TEM is a subsidiary of ASX-listed Mineral Commodities, which announced in July that it plans to sell its stake in... 

Cabinet caught unawares by Zwane’s announcement on banks

By: News24Wire      15th September 2016 Fellow Cabinet members were not forewarned of Mineral Resources Minister Mosebenzi Zwane’s announcement of a judicial inquiry into banks and read about it in the media, Cabinet spokesperson and Presidency Minister Jeff Radebe said on Thursday. “No, I also like all of you read it in the... 

Gordhan met Gupta-owned Oakbay on banks 4 months ago 

By: News24Wire      9th September 2016 Finance Minister Pravin Gordhan admitted meeting with Oakbay Investments in May this year. In a parliamentary question posed by the Democratic Alliance’s (DA's) David Maynier, Gordhan said he had met with Nazeem Howa, CEO of Oakbay Investments on 24 May. He was accompanied by National Treasury... 

Deeper gets deadly for workers in ageing South Africa gold mines

By: Bloomberg     9th September 2016 Finding minerals in South Africa after more than a century of digging often means going deeper than ever before. Now, it’s also becoming deadlier. In a country that remains one of the biggest producers of gold, platinum and diamonds, 60 mining deaths this year through August was 20 percent higher... 

Zuma pressed to fire errant South African mining minister

By: Bloomberg     8th September 2016 South African President Jacob Zuma is facing growing pressure from within the ruling party to fire Mineral Resources Minister Mosebenzi Zwane after his false statement about a cabinet decision to set up a judicial investigation into banking oversight bodies. Zwane’s actions embarrassed the... 

Zwane says talks with industry over mining charter going well

By: Reuters     7th September 2016 Mineral Resources Minister Mosebenzi Zwane said on Wednesday that talks with industry to reach an out-of-court settlement over a mining charter were "progressing well", but gave no details in a response to parliament. The government wants to enforce a requirement that 26% of all mining companies... 

IMC proposes establishment of State bank

By: Anine Kilian     2nd September 2016 An inter-Ministerial Committee (IMC) has recommended that government consider the establishment of a State Bank of South Africa, with the possible corporatisation of the Post Bank as a possible option. This is according to a statement released by Mineral Resources Minister Mosebenzi Zwane, who... 

Boost Africa’s geoscientific knowledge, urges Zwane

By: Kim Cloete     29th August 2016 Mineral Resources Minister Mosebenzi Zwane has called on delegates to the thirty-fifth International Geological Congress (IGC) to rechannel their efforts into development on the African continent, which is lagging in terms of geoscientific knowledge. “On average, expenditure in the generation of... 

South Africa, mines fight over proposed community revenue share

By: Bloomberg     29th August 2016 South Africa’s biggest mining companies are opposed to a government proposal that 1% of their annual revenue be spent on developing communities associated with their operations and have countered with suggestions that they instead pay out a share of profit. The Chamber of Mines, which represents... 

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... 

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... 

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