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Resources Watch: Roundup 2013 

By: Creamer Media Reporter      12th December 2013 Creamer Media’s Resources Watch highlights some major events that took place during the year.  

ARM trust commits R26m for community upliftment 

By: Leandi Kolver     18th November 2013 The African Rainbow Minerals (ARM) broad-based black economic-empowerment (BBBEE) trust on Monday announced that it would be distributing another R26-million to support various community upliftment projects. Speaking at dividend distribution function, held in Sandton, ARM chairperson Patrice... 

Mining subsidising inefficient beneficiation beggars belief – chamber  

By: Martin Creamer     5th September 2013 The possibility of the South African mining industry providing effective subsidies to underpin inefficient mineral beneficiation beggars belief in a modern country trying to assert its regional economic credentials. That is the view of Chamber of Mines of South Africa president Mark Cutifani,... 

ARM’s Motsepe confident SA will get through current labour impasse 

By: Martin Creamer     2nd September 2013 South Africa would get through its current labour impasse and emerge as a competitive global investment destination, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Monday. Motsepe was responding to Mining Weekly Online after his black-led diversified mining company... 

African Rainbow Minerals posts 8% earnings rise, ups dividend

By: Martin Creamer     2nd September 2013 South Africa’s black-led diversified mining company, African Rainbow Minerals (ARM), has defied the tough times by posting 8% higher headline earnings thanks mainly to better performances from the Nkomati Nickel mine, the platinum mines and the Goedgevonden coal mine. The JSE-listed company,... 

Brics business leaders want formation of development bank to be accelerated  

By: Terence Creamer     20th August 2013 Business leaders from Brazil, Russia, India, China and South Africa (Brics) who participated in the inaugural meeting of the Brics Business Council in Johannesburg this week, have appealed to their respective governments to accelerate the formation of the Brics-led development bank. A communiqué... 

Brics business leaders to offer counsel on new bank, future trade paradigm

By: Terence Creamer     19th August 2013 Business leaders from Brazil, Russia, India, China and South Africa (Brics) have converged in Johannesburg for their first formal face-to-face meeting, following the establishment of the Brics Business Council at the fifth summit of the emerging-market bloc in Durban earlier this year. The... 

Brian Kally

     2nd August 2013 Position: CEO of Arrow Logistics Main Activity of the Company: Transport and distribution 

Davies leading study to boost value-added trade in Brics

By: SANews, SA government news service     25th April 2013 Trade and Industry Minister Dr Rob Davies is looking at ways to boost South Africa’s manufactured exports to its Brics partner countries, and is coordinating a joint research study on how to boost value-added trade among the bloc’s member countries. Speaking at a public dialogue held by the... 

Social partners agree to reserve jobs for youth as part of accord

By: Terence Creamer     18th April 2013 Government, business and labour have agreed to setting aside specific jobs for young South Africans in particular industry sectors as part of a broader six-pronged Youth Employment Accord, which was officially unveiled at the Hector Peterson Memorial, in Soweto on Thursday. South Africa’s level... 

New Brics Business Council calls for deeper economic ties

By: Shirley le Guern     27th March 2013 The Brazil, Russia, India, China and South Africa (Brics) bloc and Africa will forge a closer partnership for development integration and industrialisation, with Brics countries actively supporting infrastructure development and industrialisation on the African continent to contribute to its... 

Resources Watch 

By: Creamer Media Reporter      7th March 2013 This week: Patrice Motsepe says South Africa must instil new confidence in global investors. ‘Prohibitive’ power cost is hobbling ARM’s smelters. And, there’s ‘promising’ copper growth in the offing, says African Rainbow Minerals. 

Business Council to be launched at Brics Summit 

By: Idéle Esterhuizen     6th March 2013 Members of the Brazil, Russia, India, China and South Africa (Brics) group of countries will launch the Brics Business Council at the fifth Brics Summit, in Durban, from March 26 to 27. Each Brics country is to nominate five business leaders that would make up the business council. 

01/03/2013 (On-The-Air) 

By: Martin Creamer     1st March 2013 African Rainbow Minerals is impressed with the way that countries like Papua New Guinea and Chile woo foreign investors; Three large South African gold mines are receiving ongoing investments that will set them up for another half-century of high-volume gold mining; and South Africa’s new... 

Unaffordable pay will destroy industry’s future – Motsepe 

By: Martin Creamer     27th February 2013 The paying of unaffordable wages and salaries will destroy the future of the South African mining industry, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe has reiterated. Responding to Mining Weekly Online following ARM’s reporting of 30%-lower earnings in the six months to... 

African Rainbow Minerals half-year earnings down 30%

By: Martin Creamer     26th February 2013 The headline earnings of the South African diversified mining company African Rainbow Minerals (ARM) fell 30% in the six months to December 31. The earnings of R1.41-billion for the second half of 2012 compared with R2-billion in the first half of 2012.  

Billionaire Motsepe commits half of family funds to charity 

By: Natasha Odendaal     30th January 2013 South African billionaire Patrice Motsepe on Wednesday committed to donating half his family’s personal wealth to charity. The 51-year-old, who has been labelled South Africa’s fourth- and Africa’s eighth-richest man by Forbes, said that “at least” 50% of all funds generated by the family assets... 

Resources Watch 2012 roundup 

By: Creamer Media Reporter      13th December 2012 Creamer Media’s Resources Watch highlights some major events that took place during the year. Exxaro renewable energy bids (RW 87) 

Komathie Govender

     12th October 2012 Position: Chief Financial Officer of the Gauteng Partnership Fund (GPF) Main Activity of the Company: Housing development finance 

Resources Watch 

By: Creamer Media Reporter      13th September 2012 Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: Patrice Motsepe says a line has to be drawn on union demands. Eskom is asked to integrate any additional new-build options into its tariff... 

AMCU-dominant Two Rivers is lowest-cost platinum producer – Mike Schmidt 

By: Martin Creamer     4th September 2012 Two Rivers platinum, where the emerging Association of Mineworkers and Construction Union (AMCU) has been the majority labour union for the past 18 months, is the best-cost producer on the eastern limb of the Bushveld Complex, with excellent output, Mike Schmidt, CEO of the black-controlled... 

Line has to be drawn on union demands – Motsepe  

By: Martin Creamer     3rd September 2012 Employers had to set a limit on unreasonable pay demands by labour unions, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Monday. “We have to draw the line,” Motsepe reiterated in response to Mining Weekly Online during question time, after the JSE-listed... 

ARM squeezes out 2% earnings rise as nickel, chrome take battering

By: Martin Creamer     3rd September 2012 JSE-listed black-controlled diversified mining company African Rainbow Minerals (ARM) squeezed out a 2% increase in headline earnings after being battered by falling nickel, chrome and platinum prices. The contribution to headline earnings by nickel and chrome plummeted 179% and platinum-group... 

31/08/2012 (On-The-Air) 

By: Martin Creamer     31st August 2012 The government of Papua New Guinea has the right to take up 30% ownership of a gold project South Africans are developing on the South East Asian island; The labour-ravaged platinum sector is talking about ditching its decentralised bargaining system and replacing it with centralised bargaining;... 

Cash-gushing Harmony levers 80% profit rise off 36% gold price hike  

By: Martin Creamer     16th August 2012 South African gold major Harmony Gold increased its operational profit by 80% in the 12 months to June 30, against a gold price increase of 36%. “That’s what I call great leverage, when you’ve got a gold price going up 36% and the company increases its profits by 80%,” says Harmony Gold CEO... 

Briggs agrees to extended term at Harmony

By: Idéle Esterhuizen     23rd July 2012 South Africa's third-largest bullion producer Harmony Gold said on Monday that its CEO Graham Briggs, who would have retired in the next year, agreed to remain with the company for another four years. “Graham has done good work as CEO of Harmony and is doing outstanding work in Papua New Guinea.... 

Politically connected BEE players lose iconic status - report 

     9th July 2012 Black economic-empowerment (BEE) business leaders who succeeded in the past predominantly through political clout, rather than entrepreneurial initiative, were no longer regarded as iconic, a new study by the Reputation Institute South Africa has found. The survey, RepTra Leader South Africa... 

Resources Watch  

By: Creamer Media Reporter      15th March 2012 This week: Patrice Motsepe says the ANC document’s on mining tax are a worry. The Saldanha manganese rail study is presented to Transnet. And, there’s a strong economic case for lifting the shale exploration ban. 

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