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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.
  • Mahenge Liandu’s metallurgical testwork in line with expectations
    Aim-listed investment group Armadale Capital on Tuesday confirmed that commercialisation plans for the Mahenge Liandu graphite project, in Tanzania, continued to advance, with initial metallurgical testwork in line with expectations. Armadale noted that ore was crushed up to 1 mm then put through an initial rougher flotation circuit, which achieved up to 95% initial recovery levels.
  • UCT doctoral student’s research seeks to address issues around municipal zoning
    University of Cape Town (UCT) PhD student, Louie van Schalkwyk, has spent the last three years investigating the zoning policy procedures of three municipalities –Umhlathuze, in KwaZulu-Natal; Sol Plaatje, in the Northern Cape; and the City of Cape Town, in the Western Cape –  to determine whether their policies and procedures are suitable for the kinds of mining activities that take place in their jurisdictions. Van Schalkwyk’s topic developed and changed substantially over time, but was inspired by a 2012 Constitutional Court ruling which stated that a mining right holder could not start mining activities unless and until the land was appropriately zoned by the municipality in whose jurisdiction it is located.
  • Amplats’ interim earnings receive boost from higher prices
    A higher rand platinum group metals (PGMs) basket price and a R1-billion stock count adjustment gain have pushed PGMs producer Anglo American Platinum’s earnings and headline earnings for the six months ended June 30, higher. In a revised trading update published on Tuesday, the miner said its headline earnings and headline earnings per share for the six months were likely to be between 108% and 128% higher year-on-year at R7-billion to R7.67-billion and 2 671c and 2 924c, respectively.