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Optimum, Koornfontein preliminary business rescue plan to be submitted for creditor approval next week

By: Marleny Arnoldi 16th January 2019 Legal adviser Bouwer van Niekerk expects to have a preliminary business rescue plan for Optimum Coal Mine and Koornfontein Mine submitted for creditor approval by the end of next week, he confirmed to Mining Weekly Online on Wednesday. The mines’ business rescue practitioners (BRPs) have been... →

Don’t hurt farmers with higher electricity tariffs, says Agri Western Cape

By: Kim Cloete 15th January 2019 Sharp electricity tariff hikes would have a major detrimental effect on the agricultural sector, Agri Western Cape has said during public hearings into electricity tariffs. In its submission to the National Energy Regulator of South Africa (Nersa), Agri SA said high increases in electricity costs... →

Planning and the impact of clauses on price escalations

15th January 2019 SEIFSA’s mission is clear: the organisation intends to help companies, especially in the metals and engineering industries, to strive effectively to attain sustainability for their businesses. This goal extends to giving Managers the specific tools and skills to deal with uncertainty and change.... →

IDM wins environmental approval for Red Mountain

By: Creamer Media Reporter 15th January 2019 Canada’s Environment and Climate Change Minister Catherine McKenna has announced an environmental decision for the underground gold and silver mine that IDM Mining is proposing near Stewart, British Columbia. The Minister said that the proposed mine was not likely to cause significant adverse... →

Western Cape spends millions on drought relief

By: Creamer Media Reporter 14th January 2019 The Western Cape Local Government, Environmental Affairs and Development Planning Department will have spent R78.2-million by March 31 on drought alleviation projects across the province. The average dam level in the Western Cape was 51% on Monday, nearly double the 26.5% recorded in the... →

Agri-hub seen as key post-mining-economy jobs driver in west Gauteng

By: Terence Creamer 14th January 2019 An ambitious plan to develop Gauteng’s West Rand into an agri-industrial hub, primarily producing high-value crops for domestic and export markets, is starting to take shape and is expected to be officially launched during the first quarter of 2019. The initiative has been branded ‘Bokamoso Ba... →

Seifsa Training

14th January 2019 The Key To Re-Positioning The Metals And Engineering Sector For The Future →

Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'

By: Bloomberg 11th January 2019 Barrick Gold’s new CE is surprised by the “hysteria” over whether the world’s largest gold miner will remain a Canadian company. Barely a week after his Channel Islands-based Randgold Resources merged with Barrick, Mark Bristow says he’s determined to keep the global miner headquartered in... →

BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans

By: Simone Liedtke 10th January 2019 The joint business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Koornfontein Mines (KFT) expect to convene meetings with creditors within the next few weeks to vote on the proposed business rescue plans for the mines. The meetings will take place once the BRPs have resolved... →

What would you do if you didn’t need the money? (and why it matters NOW)

By: Creamer Media Reporter 10th January 2019 What would you do if you didn’t need the money? It’s not a question we often give much serious thought to, but it may very well be one that we need to answer in the next few decades. The advent of the internet was expected to result in widespread economic democratisation; instead, it has resulted... →

Sierra Metals completes expansions at Bolivar mine

By: Tasneem Bulbulia 10th January 2019 Sierra Metals’ expansion plans at the Bolivar mine, in Mexico, are on track, the company reported in a statement on Wednesday. The company last year announced plans to achieve a sustainable and staged increase in mine production and mill throughput from 3 000 t/d to 3 600 t/d by the first quarter... →

Xolobeni youth distances itself from Mantashe ban, wants Minister to visit the village

By: African News Agency 10th January 2019 Xolobeni youths have distanced themselves from the Amadiba Crisis Committee's (ACC's) announcement that mineral resources minister, Gwede Mantashe, was not welcome at the volatile Eastern Cape village. On Tuesday the ACC reiterated that Mantashe was not welcome in Xolobeni after the minister... →

Siemens launches a one of a kind Distributed Energy System for Africa

By: Creamer Media Reporter 10th January 2019 Siemens launches end – to end Distributed Energy System (DES) 40% reduction in energy usage Pilot platform at corporate headquarters park showcases Siemens products and solutions portfolio for Microgrids, energy storage and energy distribution Siemens launched a one of a kind, end-to-end... →

Digitalization inspires a sustainable business opportunity in Alexandra Township

By: Creamer Media Reporter 10th January 2019 The Digital Transformation of enterprise and society is changing the way people work and how we function. Siemens is leading the charge in embracing digitalization to make a positive impact in society. Partnership with Legae Larona, 100% Black owned Women Enterprise, to create proudly South... →

An improved focus on governance will drive confidence in South Africa’s Reits this year

By: Simone Liedtke 9th January 2019 The South African real estate investment trust (Reit) sector’s focus on improved corporate governance is expected to support positive sentiment for investment in listed property this year, says Anchor Stockbrokers real estate analyst Wynand Smit. He explains that the performance of local Reits in... →

Goldman warns iron-ore's jump into $70s 'is not sustainable'

By: Bloomberg 9th January 2019 Iron-ore’s rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group and Morgan Stanley warn that prices are poised to drop back. While industry fundamentals have improved, current prices won’t last as more supply is on the... →

Metalkol RTR joins Cobalt Institute

By: Tasneem Bulbulia 9th January 2019 Eurasian Resources Group’s Metalkol RTR reprocessing plant is now a member of the Cobalt Institute. Metalkol RTR is a major reprocessing plant for historic cobalt and copper tailings from previous mining operations in the Haut-Katanga province of the Democratic Republic of the Congo. →

Partnership for Action on the Green Economy conference starts this week in Cape Town

By: Marleny Arnoldi 8th January 2019 Environmental Affairs Minister Nomvula Mokonyane will host, on January 10 and 11, the Partnership for Action on the Green Economy (Page) Ministerial conference at the Cape Town International Convention Centre. She said in a statement issued on Tuesday that hosting the Page conference would... →

State asset manager buys up struggling Denel's bonds

By: Reuters 20th December 2018 South Africa's state asset manager has quietly bought up almost 90% of cash-strapped arms manufacturer Denel's bonds in the past 12 months, data from the country's main securities depositary showed. The previously undisclosed funding by the Public Investment Corporation (PIC), which manages... →

Resources Watch

13th December 2018 Global association aims to build sustainable future for zinc And, Innovate and generate cash at same time →

Ballito Junction and Build the Future Project complete first phase of new Vukuzakhe Crèche

7th December 2018 Ballito Junction Regional Mall together with Build the Future project have successfully completed the first phase of the much-needed early childhood development and learning centre in Ndwedwe. The brand new Vukuzakhe Crèche, located 35km from Ballito Junction in the iLembe District now boasts a... →

Treasury loses out on more than R1bn in VAT from drought-stricken farmers

By: News24Wire 27th November 2018 The government has lost out on more than R1-billion in VAT from drought-stricken farmers who were forced to cut production after their irrigation water from the Cape supply dams was radically reduced a year ago. Agri Western Cape CEO Carl Opperman said on Monday this was one of the facts he... →

Difficulties continue for Afarak in Q3

By: Simone Liedtke 16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... →

Vusi Khanyile appointed WWF-SA chairperson

By: Simone Liedtke 16th November 2018 Former Thebe Investment Corporation chairperson Vusumzi (Vusi) Khanyile has been elected the new chairperson of World Wide Fund-South Africa’s (WWF-SA) board of directors at the nongovernmental organisation’s fiftieth annual general meeting. He takes over from Valli Moosa, who has chaired the... →

Is Basic Sanitation a Human Right?

By: Creamer Media Reporter 7th November 2018 From 2005 to 2017, Human Rights Watch conducted research in countries such as China, Russia, Nepal, South Africa, India and America to assess the levels of sanitation and other basic human rights. Senior women’s rights researcher at Human Rights Watch, Amanda Klasing, said, “The way people are... →

Disappearing forests

By: Martin Zhuwakinyu 2nd November 2018 In rather melodramatic fashion, one journalist, writing in June this year, portrayed the rate at which the world is losing its forests thus: “Image looking down on huge swathe of lush forest – but before you can pull out your phone to take a picture, it’s gone.” A look at the latest tree cover... →

South Africa needs new narrative to create inclusive growth

By: Tasneem Bulbulia 1st November 2018 South Africa needs positive leadership and a change in narrative to tackle its problems and create inclusive sustainable growth for all, said Discovery Group CE Adrian Gore during the opening of the Discovery Leadership Summit, in Johannesburg, on Thursday. The summit brought together many world... →

Do mid-tier miners do it better?

1st November 2018 The gold price has remained relatively stable at around US $1200 and $1400 an ounce since 2013, so why is the GDX Index, which measures the performance of the largest gold producers, currently down 70 per cent? Speaking at IMARC in Melbourne, Evolution Mining Executive Chair Jake Klein said the... →

Hyundai Construction Equipment & Cummins

1st November 2018 Develop Electric Powered Mini Excavator Prototype Cummins Inc. and Hyundai Construction Equipment (HCE) announced today they have jointly developed an electric powered mini excavator. →

Industry needs to adapt to new technology or risk becoming irrelevant

By: Simone Liedtke 31st October 2018 By doubling the pace at which the local workforce acquires the skills demanded by the Fourth Industrial Revolution (4IR), South Africa can significantly reduce potential job losses. This would, however, require the development of solutions appropriate for Africa, Accenture MD Eric Croeser said at... →

E-toll management company works to make Gauteng freeway project sustainable as it seeks to re-win tender

By: Natasha Odendaal 31st October 2018 The Electronic Toll Collection (ETC) will continue managing the e-tolling systems on Gauteng’s freeways on behalf of the South African National Roads Agency Limited (Sanral) until at least December 2019, as the State-owned roads agency works on a new tender. Eight years after being established as... →

Denel reports R1.7bn operating loss for 2017/18, turnaround progressing

By: Marleny Arnoldi 31st October 2018 State-owned defence industrial group Denel on Wednesday, with the release of its yearly results, stated that its operating loss of R1.7-billion for the 2017/18 financial year clearly shows a business that has had a difficult year, marked by lapses in governance, mismanagement and poor contract... →

Global governments improve business climate through reforms

By: Marleny Arnoldi 31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... →

Miners welcome budget statement

31st October 2018 Surface mining association, Aspasa, has welcomed the Medium-Term Budget Policy Statement’s (MTBPS) that aims to contain expenditure and implement meaningful reforms aimed at achieving sustainable and inclusive economic growth. Aspasa director, Nico Pienaar, says the economy is going through a... →

Businesses need increased awareness when managing risks – Dlamini

By: Simone Liedtke 30th October 2018 Given the fact that the world is marked by volatility, uncertainty, complexity and increasing ambiguity, retail property group Massmart chairperson Kuseni Dlamini on Tuesday suggested that businesses need to be “that much more aware and vigilant in terms of managing risks in the most appropriate... →

Sustainable mining is a force for good: Butler

30th October 2018 Mining needs to embrace its role as an agent of change for good – and tell the story of how it does this better – if it wants to continue to compete for investment dollars and talent in the future, according to International Council of Mining and Metals CEO Tom Butler. Speaking at the... →

World’s safest construction and mining truck debuts at IMARC

30th October 2018 Scania Australia revealed the new XT mining and construction range next-generation trucks at Melbourne’s International Mining and Resources Conference (IMARC) today, giving the industry the first opportunity to examine the extra-tough truck in the metal. The all-new extra-tough Scania XT delivers... →

Sumitomo Rubber South Africa partners with ‘Part Worn Africa’ initiative to champion Tyre Safety

29th October 2018 As South Africa commemorates Transport Month in October and a few days after the Global Road Safety Partnership’s “Africa Road Safety 2018” gathering in Cape Town from 23 to 24 October 2018 - Sumitomo Rubber South Africa, manufacturer of the popular Dunlop, Sumitomo and Falken tyre brands, has... →

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