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Kim Cloete

Exxaro CEO calls for nation to rethink BEE ownership, warns not to repeat past mistakes

8th February 2017 A new way of looking at black economic empowerment (BEE) ownership is needed to avoid the “pain and frustration” that has been experienced in the past, suggests Exxaro CEO Mxolisi Mgojo. “As leaders of one of the country’s largest employers, we should reassess current empowerment initiatives . .... 

Gold continues to be safe haven in these uncertain times

7th February 2017 Experts believe the buying of gold for investment purposes is set to increase, as currencies decline. Uncertainty over decisions made by US President Donald Trump may also see investors heading for gold. “There will be a lot of gold buying for investment purposes in the next few years. We expect... 

Unctad calls for fair and transparent mining deals

7th February 2017 A call has been made for fair, transparent disclosure around extractives in Africa and clear and open rules of engagement between governments and mining companies. United Nations Conference on Trade and Development (Unctad) secretary general Dr Mukhisa Kituyi told delegates at the Investing in... 

Investment company offers tips on avoiding bull market mistakes

7th February 2017 Take a measured view of the exploration business and be aware of the risks of investing in small mines, advises investment company Sprott US Holdings president and CEO Rick Rule. Rule, who has offered advice on investing in resource companies for decades, says people tend to be afraid when they... 

Chamber calls for workable, practical Mining Charter

6th February 2017 The Chamber of Mines (CoM) has cautiously welcomed the address by Mineral Resources Minister Mosebenzi Zwane to the Investing in African Mining Indaba, in Cape Town. However, it has various concerns, and has called for a practical and workable third iteration of the Mining Charter, which is... 

Inquiry into Lily mine accident to start within a few days

6th February 2017 An inquiry into an accident at the Lily gold mine, in Barberton, Mpumalanga, a year ago, will start within the next few days. This follows the wrapping up of an investigation by the Department of Mineral Resources (DMR). The primary objective of the inquiry is to find the container in which three... 

DMR to focus on supporting junior miners; MPRDA to be finalised by June

6th February 2017 Mineral Resources Minister Mosebenzi Zwane has welcomed signs of a new “spring” in the mining industry, noting the recovery in commodities prices, and has signalled that he will intensify support for junior miners in the year ahead. Zwane told the annual Investing in African Mining Indaba in Cape... 

Cutifani encourages mining sector to focus on constructive dialogue

6th February 2017 Anglo American CE Mark Cutifani has advocated a new future for mining, through innovation, a sharper focus on resilience and, in South Africa in particular, a recognition that “capital has no colour”. He told delegates at the annual Investing in African Mining Indaba conference, in Cape Town,... 

Cape Town plant to convert municipal solid waste to energy

3rd February 2017 The first large-scale waste-to-energy plant in Africa will be opened in Athlone in Cape Town, on Wednesday, with the aim of converting municipal solid waste into energy. The state-of-the-art R400-million biogas plant is expected to create 80 full-time jobs and few hundred indirect jobs. The plant... 

Ground-breaking waste-to-energy plant opens in Cape Town

24th January 2017 The first large-scale waste-to-energy plant in Africa will be opened in Athlone in Cape Town, on Wednesday, with the aim of converting municipal solid waste into energy. The state-of-the-art R400-million biogas plant is expected to create 80 full-time jobs and few hundred indirect jobs. The plant... 

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