Colleagues,
We are again coming to the end of another year. Many of you will agree with me that 2009 was an eventful year. The global financial crisis, which started towards the end of 2007, has had a more devastating effect in our industry this year than in the previous two years, with business slowing down and more jobs being lost. Many mining houses have had to cut back on spending to remain afloat. This meant that fewer people could afford to attend many of our technical events. I am told that the Chinese ideogram for ‘crisis’ is composed of two separate characters: one means danger and the other means opportunity. The proper translation is that a crisis is a dangerous opportunity. Often the danger is more readily seen and the opportunity can be well hidden. So, while many of the businesses fell on the wayside, and others disappeared completely altogether, others found this as an opportunity to fine tune procedures and processes and transform into more efficient operations, ready for the coming boom times. We, at SAIMM saw the crisis as an opportunity too.
We managed to re-organise ourselves and do things differently and more effectively.
This has resulted in a number of successes.
Let me start by reviewing some of this year’s highlights in the various institute’s various departments:
Conference Department:
- Managed 10 conferences and 1 student colloquium
- Sold over 160 books at conferences and at the year-end book sale
- Published 10 conference proceedings books with the majority of the papers being refereed
- Hosted a total of over 1800 delegates
- Secured over R 2 500 000-00 in sponsorship on events
- Managed conferences in Botswana, Cape Town, Drakensberg, Johannesburg and Zambia
- Increased membership with close to 80 new members that joined the institute at these technical events.
Membership Department:
- Improved general communication with existing members as well as giving prompt feedback on all applications and general queries made
- Boasts a database of close to 3 800 members in total and still growing
- Managed to recover + a 100 (and still counting) lost members over the past 6 months using our “Address Unknown” method- with the help of all our existing members, of course
- Has seen an increase in the number of Auto-Transfers tabled each month. The department has managed to track down + 20 students who have completed their studies and have entered the working world, thus continuing to provide them the service they would need in their new careers.
- Has implemented a New Agenda for all Membership Committee Meetings, which ensures faster and hassle- free assessment of new applications
- Has helped Johannesburg Branch monthly technical presentations to enjoy an increase in attendance
Publication Department:
- Has had a successful handover of the reigns, with Richard Beck retiring as consulting editor and Dave Tudor taking his place.
- Received outstanding amounts for advertising invoices compared to six months previously.
- Launched the new and revamped SAIMM website, which went live in August. Feedback received from our committee members, members of the SAIMM and the general public has been very positive.
- Has ensured that Professor Robbie’s journal comment is now featured on our website. Members and website-users are welcome to give feedback on these journal comments.
Accounts Department:
- Transferred approximately 3300 membership accounts from the old Access programme to Pastel. While this presented many challenges, not least of which was the inheritance of out of date member information, the migration was successfully done and the information is being corrected and updated constantly.
- Now issue monthly statements for all debtors. The response has again enabled the department to verify and update the database appropriately, which has also resulted in a faster collection of arrears, as the constant reminder acts as a prompter.
- Has reduced the suspense account from R800 000 at the beginning of the year to just over R30 000 by December. This has impacted positively on outstanding arrears.
- The investment portfolio has re-entered positive growth after several months of losses.
The secretariat has grown from strength to strength. Various measures have been put in place to ensure the institute continues to be managed efficiently and professionally. As a start, in November, all staff members went on a team-building exercise where goals and procedures were set. Most of these are already being implemented.
With all the above-mentioned, SAIMM has shown that in the time of a crisis there are several opportunities, and the future looks bright for the institute, as the industry gets ready to bounce back in 2010. For those who focus on the positive side of life, a crisis puts things in perspective and forces individuals and organisations to bring their best resources to the table in dealing with it. This is where the boys are separated from the men. There is an African saying that says something to the effect that “In the prosperous times, you put your hand in your pocket, but in the lean times, you put it in your heart. That’s when you discover who you are.” This has been demonstrated by the individuals and organisations that have thrived through the current global financial crisis, when the majority struggled or even went under. And in the words of Warren Buffet, “It’s only when the tide goes out that you see who’s swimming naked”.
I wish you a restful festive break. Look after yourselves and your families well this season. And for those of you who will be on the road, please drive carefully and arrive alive. May 2010 bring you and your loved ones good health, joy and prosperity.
May God bless you!
I thank you!
J.C. NGOMA
PRESIDENT

written by Teboho Molokwane, February 05, 2010
Mining Weekly Headlines
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SIOC reportedly not the lone bidder for ‘lost' Sishen assetThe Sishen Iron Ore Company (SIOC) is reportedly not the only mining company to have applied to the Department of Mineral Resources (DMR) for the 21,4% undivided share of the Sishen iron-ore mine, which has reportedly been forfeited by JSE-listed steel group ArcelorMittal South Africa. The failure of ArcelorMittal South Africa to convert the right in line with the prescripts of the Mineral and Petroleum Resources Development Act was at the centre of SIOC's decision to cancel, as from March 1, 2010, a cost plus 3% supply agreement for 6,25-million tons of Sishen iron-ore supplied.
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CoAL receives approval to take bulk-sample at MakhadoSouth Africa's Department of Mineral Resources (DMR) has granted junior miner Coal of Africa Limited (CoAL) approval to take a bulk sample from its Makhado coking coal project. The Aim-, ASX- and JSE-listed CoAL holds a 100% interest in the Makhado project, which is expected to deliver five-million tons a year of hard coking coal product at full output.
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Catalpa reports output rises at Queensland gold JVAustralian gold producer Catalpa Resources has reported that its Cracow gold joint venture with Newcrest, in Queensland, in which it acquired a 30% stake during the six months to December 31, 2009, set new stoping and processing records during December. In its interim report, the company said that a new monthly stoping record of 36 043 t, and a new monthly mill processing record of 41 858 t was achieved during December.
IOL Headlines
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AngloGold:Supervisor dies in accidentA supervisor at AngloGold Ashanti's Kopanang mine near Klerksdorp had died following an accident, the company said on Friday.
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African Barrick Gold sets IPO price range -sourcesAfrican Barrick Gold (ABG) has started bookbuilding for its $975 million (R7.3 billion) initial public offering.
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Glencore buys back Prodeco, still mulling partnerSwiss-based commodity trader Glencore bought back its prized Prodeco coal operations in Colombia from mining group Xstrata.
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Glencore exercises Prodeco coal optionXstrata has received formal notification from Glencore International informing it of Glencore's exercise of its option to acquire the Prodeco operations.
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Kenmare Resources raises $270 mln for Moma mineKenmare Resources said it would raise 179.6 million pounds (R2.022 billion) to expand output of titanium dioxide.


