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Reef Fuel Injection Services is a leading diesel service centre and is an authorised service agent to all five leading diesel fuel injection systems – Bosch, Caterpillar, Delphi, Denso and Stanadyne.

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Zwane again firm on Charter targets as consistent with radical economic transformation

By: Natasha Odendaal     18th August 2017 As government’s plans for radical economic transformation unfold, the mining sector has become the centre of that swirling debate in light of the newly gazetted reviewed and updated Mining Charter. South Africa has been pursing radical economic transformation as the path towards coveted inclusive... 

Exxaro H1 headline earnings rise on higher coal sales

By: Anine Kilian     17th August 2017 Diversified miner Exxaro Resources has posted headline earnings of R2.79-billion for the six months ended June 30, compared with headline earnings of R1.10-billion in the first half of 2016. Revenue rose 10% year-on-year to R10.74-billion, while group net operating profit increased by 35% to... 

It’s time for industry to stand up – Holland

By: Natasha Odendaal     17th August 2017 Dual-listed Gold Fields will oppose the new Mining Charter Three “with everything its got” as the mining industry stands firm in the standoff with the Department of Mineral Resources (DMR). Backing the action taken by the Chamber of Mines (CoM), Gold Fields CEO Nick Holland on Thursday said that,... 

Bushveld Energy, IDC studies indicate favourable vanadium battery, electrolyte demand

By: Mia Breytenbach     16th August 2017 There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid markets, with demand to peak in 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy subsidiary... 

Palladium consumption to hit all-time high in 2017 – Nornickel

By: Mariaan Webb     15th August 2017 Palladium consumption is heading for an all-time high of 10.8-million troy ounces, which will leave the market in a deficit of more than one-million ounces in 2017, according to the world’s largest producer of the precious metal. Russia’s Nornickel said on Tuesday that it retained a positive... 

Community organisation to march to DMR’s offices

By: Anine Kilian     14th August 2017 Civil society organisation, the Mining Affected Communities United in Action (Macua), will march to the offices of the Department of Mineral Resources (DMR) on Tuesday to hand over a memorandum of demands, including that the Mineral and Petroleum Resources Development Act (MPRDA) be scrapped. It... 

South Africa’s mining production down 0.8% y/y in June

By: Creamer Media Reporter      10th August 2017 South Africa’s mining production decreased by 0.8% year-on-year in June, driven by lower gold, iron-ore and platinum group metals (PGMs) output. Gold production was down 3.6% year-on-year, while iron-ore output slid 4.4% year-on-year and PGMs 13.7% year-on-year. 

Sibanye Gold continues its contrarian path with its purchase of a US mining company.

     10th August 2017 Despite low commodity prices and political uncertainty in the mining sector, South African-based mining company Sibanye Gold announced in December last year that it had agreed terms to buy a little known US-based miner. The purchase of Stillwater Mining Company for US$2.2-billion, which was... 

Resources Watch  

     10th August 2017 Mentors ease entry; Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce; and NUM and ANC ‘very encouraging’ says Royal Bafokeng 

Zuma is said to consider dropping Minister Zwane if he wins vote

By: Bloomberg     8th August 2017 South African President Jacob Zuma is considering making changes to his Cabinet if he survives a motion of no confidence in Parliament, according to two officials of the ruling African National Congress who have knowledge of the matter. Minerals Resources Minister Mosebenzi Zwane, Energy Minister... 

Icasa tackles data expiry woes

By: Natasha Odendaal     8th August 2017 The Independent Communications Authority of South Africa (Icasa) on Monday gazetted proposed regulatory amendments aimed at mitigating mobile operators’ expiry of data and out-of-billing practices. The End-User and Subscriber Service Charter Amendment Regulations 2017 aim to dictate that the... 

Zwane, CoM’s dispute over Mining Charter 3 heats up

By: Natasha Odendaal     8th August 2017 Mineral Resources Minister Mosebenzi Zwane has hit back at the Chamber of Mines (CoM) in a dispute over the Mining Charter Three, accusing the chamber of blocking transformation efforts in the mining industry. Filing his answering affidavit in the High Court of South Africa on Monday, Zwane said... 

DMR, CoM’s agreement over moratorium made an order of the court

By: Anine Kilian     4th August 2017 The High Court of Gauteng, in Pretoria, on Friday made an agreement reached between the Chamber of Mines (CoM) and the Department of Mineral Resources (DMR) that Mineral Resources Minister Mosebenzi Zwane would withdraw his proposed moratorium on the processing of new mining rights, an order of... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce  

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing trans- formation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

It’s not about improving

By: Riaan de Lange     4th August 2017 'Out of the mouths of babes' is a well-known phrase in the Bible that implies that there is truth and wisdom in the comments and observations of children, who are honest and innocent. I am on the bus with my young son, having just collected him from summer camp. We are travelling through... 

New association aims to support emerging truck operators

By: Ilan Solomons     4th August 2017 The newly launched Emerging Truckers Association of South Africa (Tasa) aims to assist in meaningfully transforming the local truck and freight industry, with a long-term view of ensuring work for women and black truck owners and operators. This is according to Tasa convener Mary Phadi, who was... 

New maritime transport policy to facilitate sector growth

By: Marleny Arnoldi     4th August 2017 The Department of Transport finalised its Comprehensive Maritime Transport Policy (CMTP) for South Africa in June.  

Resources Watch  

     3rd August 2017 Kumba CEO concerned by Minister’s reneging; Sishen productivity leaps by 57%; And, Eskom tariffs in AMSA’s action plan crosshairs as losses spike 

Encouraging, constructive response to destructive charter 

     3rd August 2017 The response from the National Union of Mineworkers and the ruling African National Congress on the value-destructive Mining Charter Three with regard to its impact on South Africa’s deflated mining industry and economy has been described by mining companies as very encouraging and constructive.... 

AngloGold, Harmony deal is said to stall on Mining Charter

By: Bloomberg     3rd August 2017 Harmony Gold Mining’s long-running talks to buy AngloGold Ashanti’s South African assets have stalled because of uncertainty over the country’s new mining regulations, according to people familiar with the matter. The discussions, which started two years ago, recently hit a snag as South Africa’s... 

Collaboration key to developing gas projects in SADC region 

By: Anine Kilian     1st August 2017 The successful execution and implementation of energy projects in the Southern African Development Community (SADC) region, such as the Mozambique–South Africa gas pipeline project, depends on adequate collaboration between SADC member states and the owner-operators of the project, according to... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

Parnis Takes Its Engineering Expertise To New Heights

     31st July 2017 As difficult market conditions force companies in many sectors to relook at their cost structures, quality refurbishment is becoming more important as a strategy to contain costs. According to Gary Colegate, general manager of Parnis Manufacturing, such strategies demand that customers find... 

NUM calls for Zwane’s resignation, concerned by large number of retrenchments   

By: Ilan Solomons     31st July 2017 The National Union of Mineworkers (NUM) on Monday called for the resignation of Mineral Resources Minister Mosebenzi Zwane, citing a complete breakdown in relations. Speaking at a press briefing to discuss recent announcements by AngloGold Ashanti and Bokoni Platinum Mine that they will be... 

On-The-Air (28/07/2017) 

By: Creamer Media Reporter      28th July 2017 A 200% increase in fuel cell vehicle sales is boosting the demand outlook for platinum; A groundswell of opposition is building up against the controversial Mining Charter and the freeze on mining deals; Mining companies are preparing to pay out billions of rands to mineworkers who contracted... 

State capture is about ‘stealing State resources’ – Gordhan  

By: Sane Dhlamini     27th July 2017 Former Finance Minister Pravin Gordhan said on Wednesday that State capture was about “stealing State resources” and that it was a no-go area for him and his former deputy Mcebisi Jonas. Gordhan and Jonas both addressed a seminar organised by the University of Johannesburg, on State capture,... 

Reject the Mining Charter, urges Phosa

By: African News Agency      27th July 2017 African National Congress (ANC) presidential hopeful, Mathews Phosa, has rubbished the recently revised Mining Charter as a document crafted by “corrupt politicians who colluded with illegal immigrants” in an attempt to get their hands on the country’s mineral resources. Under threat of legal... 

'There is no such thing as radical economic transformation' - Mathews Phosa

By: News24Wire      27th July 2017 There is no such thing as radical economic transformation, African National Congress (ANC) presidential candidate Mathews Phosa has told the Afrikaanse Handelsinstituut (Afrikaans Trade Institute). Phosa was delivering the keynote address at the institute's indaba for small and medium enterprises... 

Moratorium aside, Zwane approves Lonmin’s bid to acquire Anglo’s Pandora stake

By: Samantha Herbst     26th July 2017 Mineral Resources Minister Mosebenzi Zwane has given platinum major Lonmin the go-ahead to acquire Anglo American Platinum’s 42.5% stake in the Pandora platinum joint venture (JV) operation, which saves the 3 000 jobs that would have been lost had the operation been placed under care and... 

Deputy Minister ‘uncomfortable’ at not being consulted

By: Martin Creamer     26th July 2017 Deputy Mineral Resources Minister Godfrey Oliphant told Radio 702 morning anchor Xolani Gwala on Wednesday that he was “uncomfortable” at having to read about the proposed mineral rights moratorium in the newspapers. Oliphant, who has served as the deputy to three Mineral Resources Ministers,... 

Stop moratorium now, NUM instructs DMR 

By: Martin Creamer     26th July 2017 The National Union of Mineworkers (NUM) said on Wednesday that it is deeply concerned by the current consideration by the Minister of Mineral Resources Mosebenzi Zwane to put in place a mineral rights moratorium until the finalisation of the Mining Charter Three court challenge by the Chamber of... 

Kumba CEO Mkhwanazi concerned by Minister’s reneging  

By: Martin Creamer     25th July 2017 Kumba Iron Ore CEO Themba Mkhwanazi on Tuesday expressed concern about the mineral rights and mining transaction moratorium that has been gazetted by Mineral Resources Minister Mosebenzi Zwane, especially because it followed his agreement to suspend the implementation of Mining Charter Three... 

Chamber of Mines challenges mining rights freeze in court

By: Reuters     25th July 2017 South Africa's Chamber of Mines has lodged an urgent court application to prevent the mines minister from suspending the issuance of new mining and prospecting rights, the industry body said on Tuesday. "The industry has no option but to proceed with court action to ensure that the minister acts... 

Kumba lifts iron-ore output 23%, reinstates dividend, shares rise

By: Martin Creamer     25th July 2017 Iron-ore mining company Kumba Iron Ore on Tuesday reported a 23% increase in production in the six months to June 30 on the back of a productivity step change linked to the revised Sishen mine plan. The Anglo American subsidiary achieved a fatality-free half year and reduced lost-time injuries in... 

ASA Resources to sell Klipspringer mine

By: Anine Kilian     24th July 2017 Aim-listed ASA Resources’ 73%-owned subsidiary SouthernEra Diamonds will sell its Klipspringer diamond mine, in South Africa, to mining exploration company Greenhurst Mining for R23-million. Klipspringer has been making a loss of at least R1-million a month. 

The mountains are high and the emperor is far away

     24th July 2017 In a time before emails, global social media and instant communication, local officials in the vast Chinese empire, could easily disregard the policies and wishes of the capital on the basis that “the mountains are high and the emperor is far away”. One could scarcely think that such an insular... 

New association launched to support emerging truck operators 

By: Ilan Solomons     21st July 2017 The newly launched Emerging Truckers Association of South Africa (Tasa) aims to assist in meaningfully transforming the local truck and freight industry, with a long-term view of ensuring work for women and black truck owners and operators. This is according to Tasa convener Mary Phadi, who was... 

Zwane meets with Black Business Council to discuss Mining Charter 

By: Ilan Solomons     21st July 2017 Mineral Resources Minister Mosebenzi Zwane on Friday met with Black Business Council (BBC) president Dr Danisa Baloyi, and her executives, to discuss the mining legislative framework and “related issues which have been in the public domain recently”, said the Department of Mineral Resources... 

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