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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.

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Other mining news

Mining Weekly | Africa

24 January 2022

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
  • There’s a buying frenzy in cheap and tiny diamonds
    A surge in diamond demand that began in the early Covid lockdowns is showing no sign of easing, and now even the cheapest, smallest stones are getting caught up in a buying frenzy. Low-end diamonds — the sort that you might find in jewellery displayed in a local WalMart — has been a tough business for most of the last decade. There’s been an oversupply of cheaper stones, which tend to be small and flawed, and anaemic demand growth kept prices depressed and profit margins thin.
  • Eskom warns inflation-linked hike will trigger request for more government support
    State-owned utility Eskom warns that an inflation-linked hike will force it to seek yet more support from the National Treasury, amid overwhelming calls for the energy regulator to reject its request for a 20.5% tariff hike from April 1 and to implement a single-digit increase instead. Stakeholder warnings over the unaffordability of the proposed increase on business and households emerged as the core theme during week-long public hearings, which were hosted by the National Energy Regulator of South Africa (Nersa) from January 17 to 21, culminating in a hybrid event in Gauteng.
  • PTM to buy, cancel $20m convertible notes
    TSX- and NYSE-listed platinum group metals miner Platinum Group Metals (PTM) has entered into privately-negotiated agreements with the beneficial owners of $20-million of  convertible senior subordinated notes due July 1, which it plans to buy and cancel. The notes were originally sold to institutional investors on June 30, 2017.