The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
twitter1 facebook1 linkedin logo
 

Market News

Global Minerals Professionals Alliance undertakes International Action on Tailings

In light of the global challenges faced around mine waste, particularly tailings, the Global Minerals Professionals Alliance (GMPA) will be undertaking ‘Global Action on Tailings’. The initiative was announced at a recent meeting of the GMPA – a collaborative partnership between leading professional organizations for minerals around the world – held in February 2019, in Denver, Colorado in conjunction with the 2019 SME Annual Conference & Expo.

2019 is a seminal year for investor confidence in South Africa’s mining sector

2019 is a seminal year for investor confidence in South Africa’s mining sector, and international investors will be closely watching a variety of important issues as they seek the clarity they will need to commit to investments in the country.

With crucial national elections due in May, a debt crisis at state electricity utility Eskom and the country’s new mining charter still pending finalisation, Hulme Scholes, a partner at law firm Malan Scholes, said the need for accountability and transparency in the fight against corruption was critical if international investors were to commit to SA and continue unlocking the country’s vast geological potential.

Mining Charter III: Piling the pressure on small miners

By Manus Booysen and Rita Spalding, Partners and mining sector experts at Webber Wentzel

Achieving Mining Charter III’s requirements for structuring broad-based ownership, local procurement and social and labour plans is likely to present serious challenges for small scale miners in particular. It may be time to move away from a “one size fits all” approach in setting charter targets.

Several clauses in Mining Charter III, which may be challenging for large mining houses, place onerous, even impossible, responsibilities on small-scale miners.

These miners include some black-owned businesses as well as hundreds of alluvial diamond miners who are members of the South African Diamond Producers’ Organisation (SADPO) a member of the Minerals Council South Africa.

Phase II striding ahead …

LHDA

Implementing large scale infrastructure projects combines ‘maths and music’: the maths of delivering multiple highly technical engineering components within a specific timeframe and budget, and the music of the softer skills of diplomacy, communication, social, environmental and community protection, while considering the interests and expectations of multiple, diverse stakeholders. The Lesotho Highlands Water Project is no exception to this and while the project is behind the timelines proposed in the Feasibility Report, given the two-year deferred start, Phase II is stepping ahead purposefully.

SAIMM Advert button072017inner

SAIMM on twitter

Other mining news

Mining Weekly | Africa

The latest mining world news and project information from Africa. providing updates on the progress of future, new and existing projects. Developments in mining legislation, policies, investments and infrastructure will be highlighted
  • Exploration, cheaper inputs, solid laws and better logistics key to mining sector's growth
    Even before Covid-19 hit South African shores, the mining industry was already in a structural decline and, without significant intervention to alter this trajectory, the sector's output, employment and economic contribution will continue to decline. Business for South Africa (B4SA) risk work group head and former Anglo American South Africa deputy chairperson Norman Mbazima says that between 2010 and 2018, the South African mining industry’s real output value in dollar terms decreased by 10%, total direct employment shrunk by 50 000 and yearly capital expenditure shrunk by 45%.
  • High-flying, dividend-talking RBPlat going into second half with tailwinds
    High-flying platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) is going into the second half of this Covid-hit year well-positioned with stockpile, upper group two (UG2), lower capital and gold-streaming tailwinds. RBPlat CEO Steve Phiri told a half-year results presentation highlighted by sky-rocketed earnings and flowing cash that both the Bafokeng Rasimone Platinum Mine (BRPM) and ramping-up Styldrift operation delivered strong performances and go into the second half  with 172 000 t already on surface, made up primarily of Merenksy reef from Styldrift. (Also watch attached Creamer Media video.)
  • Congo to suspend value-added tax exemption for mining imports
    Democratic Republic of Congo is suspending the value-added tax (VAT) exemption on imports by mining companies in an effort to bolster state revenue, the budget minister said. Jean-Baudouin Mayo told the finance minister to implement the government's decision to suspend the exemption after cabinet agreed the move last week, according to a letter dated July 31 and seen by Reuters on Tuesday, Congo, Africa's top copper producer, had exempted mining companies from paying VAT on imports since 2016 to help them during a commodity price downturn.
<