http://www.engineeringnews.co.za
R/€ = 16.56 Change: 0.19
R/$ = 14.52 Change: 0.12
Au 1188.09 $/oz Change: 11.19
Pt 795.50 $/oz Change: 14.67
 

Topic

Land question 

By: Aubrey Matshiqi     17th August 2018 Does South Africa belong to those who live in it, or to those who conquered it? In other words, is land expropriation without compensation constitutionally permissible and, is it possible to expropriate land without compensation, without, the consent of the conquerors? According to the Freedom... 

Mining production increases 2.8% y/y in June

By: Marleny Arnoldi     14th August 2018 Mining production increased by 2.8% year-on-year in June, from a 1.8% decline in May, with the largest positive contributor being platinum group metals (PGMs), which rose by 28.2% and contributed 5.9 percentage points, says Statistics South Africa (Stats SA). Other positive contributors were... 

Hundreds gather in Brits to demand jobs at mines

By: African News Agency      8th August 2018 Hundreds of unemployed people have gathered at the Brits sports ground in the North West province, ahead of a march to mining companies in the area to demand jobs. Provincial chairperson of the Village, Township and Small Dorpies  (VTSD) Chamber of Commerce in North West, Robert Ngwenya, said... 

Draft charter offers opportunity to improve policy certainty, investor perception

By: Simone Liedtke     7th August 2018 The draft 2018 iteration of the Mining Charter, as well as the Mineral and Petroleum Resources Development Act and social and labour plans amendments expected later this year, offer an opportunity to improve regulatory and policy certainty and, subsequently, investor perception in the South... 

Aerospace giants win orders and commitments for over 1 100 airliners at airshow

By: Rebecca Campbell     3rd August 2018 Global commercial aerospace giants Airbus and Boeing have each reported hundreds of orders for their airliners at this year’s Farnborough International Airshow, in the UK. Boeing announced 673 “orders and commitments” for airliners and freighters, worth (at list prices) $98.4-billion. The group... 

Turkish steel makers eye exports to West Africa amid US tariff setbacks

By: Reuters     31st July 2018 Turkish steel makers are looking to expand in West Africa and other emerging markets in response to tariffs and planned quotas which threaten their sales to the United States and the European Union (EU), a senior sector official said. Namik Ekinci, board chairperson for the Turkish Steel Foreign... 

Fate of South African gold rests on one giant, loss-making mine

By: Bloomberg     30th July 2018 Three thousand meters below the plains southwest of Johannesburg, teams of miners are toiling to revive the gold industry that underpinned South Africa’s economy for generations. The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that... 

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

PPC launches new, extended product range despite economic headwinds

By: Simone Liedtke     26th July 2018 PPC Cement South Africa on Thursday launched its fit-for-purpose ‘Sure’ product range, with each of the six products in the range carefully designed for a specific application. Dubbing it the company’s “most significant rebranding and refocusing in over 100 years,” PPC Cement South Africa MD... 

Resources Watch  

26th July 2018 New mining fund raising R750m to co-finance ancillary mine projects And, free-carried interest will foster loyalty among mineworkers 

Minerals Council grilled over gold mining sector stats, low wage increase offer

By: Marleny Arnoldi     25th July 2018 The third round of gold mining sector wage negotiations took place on Wednesday, at which the Minerals Council South Africa was peppered with questions by gold sector unions seeking to gain clarity about feedback on the unions’ demands, especially the low opening offer, said trade union... 

IRS to become a division of Impala Platinum

By: Marleny Arnoldi     25th July 2018 Impala Platinum Holdings (Implats) subsidiaries Impala Platinum and Impala Refining Services (IRS) have entered into a sale of business agreement for Impala to acquire the metal purchase and toll refining operations of IRS for R8-billion. IRS is now a division of Impala, rather than a standalone... 

AngloGold chairperson warns South Africa on 'reckless' mining rules

By: Bloomberg     20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Solidarity, NUM rejects gold producers wage offer

By: African News Agency      19th July 2018 Solidarity has become the second workers union to reject the latest three-year wage offer tabled by South African gold producers even though it admitted that the mining companies have presented a gloomy picture of the industry. Solidarity joins the National Union of Mineworkers (NUM) which... 

Property sector must do more on transformation – PSCC

By: Schalk Burger     12th July 2018 The South African property sector is making reasonable efforts towards transformation, but it needs to pick up the pace, says the Property Sector Charter Council (PSCC). The PSCC this week released the results of its ‘2016-2017 State of Transformation Report’, which sampled institutional... 

Solidarity welcomes Mining Charter summit outcomes

By: Simone Liedtke     9th July 2018 Trade union Solidarity has welcomed the position taken by Mineral Resources Minister Gwede Mantashe during the Mining Charter summit, held on July 7 and 8, that all employees below senior management level should receive equal benefits from the charter’s proposed shareholding scheme, regardless of... 

‘Critically important’ for DMR to take graduated approach to application of Mining Charter – MCSA

By: Simone Liedtke     6th July 2018 Leading up to Mineral Resources Minister Gwede Mantashe’s summit this weekend to discuss the draft Mining Charter, Minerals Council South Africa (MCSA) has noted that it is critically important that the Department of Mineral Resources (DMR) make allowances for junior miners and explorers by... 

Balanced Mining Charter needed to attract investment – law firm

By: Simone Liedtke     6th July 2018 The most recent iteration of the draft Mining Charter needs to be balanced, and incorporate all mining industry stakeholders, to promote much-needed investment into the South African mining industry, international law firm Herbert Smith Freehills director Patrick Leyden tells Mining Weekly... 

Latest charter draft an improvement on previous iteration but discontent persists

By: Simone Liedtke     6th July 2018 The third iteration of the Mining Charter will have a significant effect on vendors of services and goods in the procurement space of South African mining, says legal services provider Strata Legal director Brandon Irsigler, noting that a great many suppliers to the mining industry are in the... 

Seifsa expects 1.7% expansion in local steel industry

By: Erin Steenhoff-Snethlage     6th July 2018 Following its initial forecast of a 1.1% expansion of the metals and engineering cluster at the beginning of the year, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says upon review, preliminary data now suggest a 1.6% expansion of the sector, with all sub-industries... 

Free-carry interest will foster loyalty among mining employees – Mantashe

By: Nadine James     5th July 2018 Mineral Resources Minister Gwede Mantashe noted that the free-carry stipulation in the latest draft Mining Charter will result in workers deriving immediate value, thereby fostering diligent performance and loyalty towards employers, as workers strive to enhance and improve “their" mine. “It is... 

Mining-affected communities reject draft Mining Charter

By: Simone Liedtke     4th July 2018 Following two days of deliberation, which included a presentation by the Department of Mineral Resources (DMR), mining-affected communities have rejected the current draft of the Mining Charter, as gazetted by Mineral Resources Minister Gwede Mantashe last month. This follows after 100 community... 

Policy Uncertainty Index deteriorates to 51 in Q2

By: Simone Liedtke     4th July 2018 As a result of various economic and political factors over the past three months, which generated a renewed degree of policy uncertainty, the North-West University (NWU) Business School’s Policy Uncertainty Index (PUI) rose to 51 index points in the second quarter, compared with 49.6 in the first... 

Draft Mining Charter progressive, but still ambiguous – Bench Marks Foundation

By: Marleny Arnoldi     3rd July 2018 The new draft Mining Charter, released mid-June, is a step in the right direction, says performance monitoring organisation Bench Marks Foundation, but it warns that the devil remains in the detail, with some matters still to be clarified.  

Sars kicks off tax season with charter outlining taxpayers' rights

By: News24Wire      2nd July 2018 The South African Revenue Service (Sars) is taking steps to improve the service delivered to taxpayers with the release of the Service Charter which outlines taxpayers’ rights and responsibilities as well as service standards they can expect from the agency. Acting Sars commissioner Mark Kingon... 

Airbus to support Côte d’Ivoire’s aerospace industry development

By: Rebecca Campbell     29th June 2018 Global aerospace major Airbus has signed a Memorandum of Understanding (MoU) with the Government of the Côte d’Ivoire (Ivory Coast) to create a cooperation framework which, in turn, will facilitate the development of the West African country’s aerospace industry. The Côte d’Ivoire Government has... 

Considering the ownership element of the Draft Broad-Based Socio-Economic Empowerment Charter for the Mining and Minerals Industry 2018

22nd June 2018 The long-awaited draft Broad-based Socio-Economic Empowerment Charter for the Mining and Minerals Industry, 2018 was published on Friday, 15 June 2018, following ongoing engagement with a broad range of stakeholders, including the Minerals Council of South Africa (previously the Chamber of... 

IRR says Mining Charter still flawed

By: African News Agency      22nd June 2018 South Africa's latest Mining Charter is better than the previous document but is still "profoundly flawed" and a continuing choke on investment, the Institute of Race Relations (IRR) said on Friday. The government last week gazetted the draft charter after abandoning implementation of one last... 

On-The-Air (22/06/2018) 

By: Martin Creamer     22nd June 2018 Coal exporters can look forward to faster turnaround times at the Richards Bay Coal Terminal, following the commissioning of a brand new suite of equipment. South Africa’s secretive Department of Mineral Resources needs to subject itself to independent transparency evaluation and to set reform... 

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale

By: Nadine James     22nd June 2018 The latest draft of the third Mining Charter is not perfect, but it is better than the “disaster” it is replacing, Business Leadership South Africa CEO Bonang Mohale told attendees at the African Mining Network event on Thursday evening. He explained that the previous draft, which was... 

Mining Charter’s free-carried interest requirement worries industry

By: Anine Kilian     21st June 2018 Although changes have been made to certain sections of the latest draft of the third Mining Charter, some mining industry participants believe the charter will not benefit the industry. Unpacking the proposed ownership requirements for new mining rights as set out in the draft charter, in... 

Rio-Carb Commissions Academic Research Into The Future Of SA Mining

21st June 2018 Mr. Martin Maine, Managing Director of Rio-Carb of Alrode, a chromium carbide (CrC) wear-solutions provider, has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry. Failure to galvanise foreign... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

New draft Mining Charter sets new potentially controversial targets for BEE ownership - but past deals recognised and stability clauses proposed

20th June 2018 “Following the recently launched draft Mining Charter, a stability clause has also been proposed and this is exactly what our country needs right now, to allay investor fears and encourage much-needed investment in a struggling sector,” says Bert Lopes, Natural Resources Head at audit firm, BDO.... 

Rio-Carb commissions academic research into the future of SA mining

20th June 2018 Mr. Martin Maine, Managing Director of Rio-Carb of Alrode, a chromium carbide (CrC) wear-solutions provider, has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry. Failure to galvanise foreign... 

Mining charter, illegal mining, FDI in the spotlight  

20th June 2018 Mining Weekly editor Martin Creamer unpacks the news around the mining charter, illegal mining and FDI in the junior miners fund. 

Charter in current form will not promote investment, growth – MCSA

By: Simone Liedtke     18th June 2018 The Minerals Council South Africa (MCSA) believes that while the draft Mining Charter 2018 is a material improvement on the 2017 iteration, much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close