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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.

New Functional Safety for Autonomous Mining Equipment Project

GMGGlobal Mining Guidelines Group’s (GMG) Autonomous Mining Working Group is creating a new guideline to clarify functional safety requirements for autonomous equipment.

The mining industry is embracing automation, but mobile automation technologies are still in the early stages of technology development. As a result, there lacks clear guidance and industry alignment on requirements for managing functional safety. When it comes to requirements for managing functional safety, original equipment manufacturers (OEMs) are at varying stages of maturity, existing standards are not explicitly developed for automating mining equipment, and regulatory authorities provide little specific guidance. Overall, there is general confusion over which standards to follow, and GMG’s Autonomous Mining Working Group plans to offer this much-needed clarity by developing a guideline on functional safety requirements for autonomous equipment.

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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Petra records solid full-year performance despite weak market
    Aim-listed Petra Diamonds achieved a solid operational performance for the financial year ended June 30, generating operating free cash flow of $70.5-million, despite a weaker market, and during the company’s transition from its expansionary capital expenditure phase towards steady-state production. Following a strategic review of the business, in the short term, the company remains focused on the execution of Project 2022, which is expected to reduce the its high net debt levels against a backdrop of a challenging diamond market, Petra CE Richard Duffy said on Monday.
  • AfriTin declares maiden Jorc-compliant resource for Uis
    Aim-listed AfriTin Mining has announced a maiden Joint Ore Reserves Committee- (Jorc-) compliant measured, indicated and inferred mineral resource estimate of 71.54-million tonnes of ore at a grade of 0.134% tin, for 95 539 t of contained tin, for the Uis tin mine, in Namibia. This follows on a drilling programme designed to support the historical mineral resource estimate of the V1 and V2 pegmatites at the mine.
  • Minerals Council SA saddened at death of deputy minister Hlongwa
    The Minerals Council South Africa has expressed deep sadness at the death of Deputy Mineral Resources and Energy Minister Bavelile Hlongwa, who died in a car crash in Limpopo on Friday night. In the months since her appointment in May, Minerals Council leaders and officials had enjoyed a number of stimulating engagements with her, and had been struck by her commitment to the best interests of the mining industry and South Africa, the council said in a statement on Sunday.