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Legislative Environment News

Mantashe warms to Anglo plan after opposing BHP bid

By: Bloomberg     14th May 2024 South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches from BHP Group. “It is their strategy and they must do anything that will optimize value,” Mines... 

All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers 

By: Martin Creamer     14th May 2024 Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of Southern Africa-dominant De Beers. In rejecting BHP’s second takeover offer, Anglo intends reshaping... 

Anglo American CE Duncan Wanblad
Anglo American CE Duncan Wanblad

Green energy presenting South Africa with massive reindustrialisation chance – Nedbank  

By: Martin Creamer     13th May 2024 Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the Green Hydrogen Roundtable on Monday. “We have an opportunity for South Africa to completely... 

From left, CHIETA CEO Yersen Pillay, Higher Education and Training Department DDG Zukile Mvalo, and Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Green Hydrogen Roundtable covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Shadwyn Dickinson.

Miners seek exemption from Canadian tax hike to save equity deals

By: Bloomberg     13th May 2024 Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to find new mineral deposits. Finance Minister Chrystia Freeland’s new budget includes a measure to... 

Finance Minister Chrystia Freeland
Finance Minister Chrystia Freeland

Fantastic advance by Proudly South African manganese battery metal first-mover 

By: Martin Creamer     10th May 2024 Proudly South African Manganese Metal Co (MMC) of Mbombela, Mpumalanga, is making a fantastic first-mover advance to enter the manganese battery metal market, which is progressing super-fast. To be established is a faster stream to market, which is not only ahead of the global game, but also... 

Manganese Metal Co chairperson Bernard Swanepoel
Manganese Metal Company interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Consultancy concludes water project

By: Trent Roebeck     10th May 2024 Multidisciplinary consulting firm SRK Consulting recently completed a project involving mine water, in West Africa, which started with characterising the key aquifers at the mine. Thereafter, SRK developed a dewatering system based on site testing and numerical modelling, followed by a water... 

An image of a mining site
MINE WATER MANAGEMENT Most of a mine’s water will generally be used in the process plant and these applications can usually be managed with much lower water qualities

Botswana vows to protect interests in potential BHP-Anglo deal

By: Bloomberg     9th May 2024 Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group acquire Anglo American. Anglo, which rejected a BHP proposal valuing the mining company at about $39 billion, owns the other 85% of De Beers. Under... 

Botswana President Mokgweetsi Masisi
Botswana President Mokgweetsi Masisi

Hydrogen’s ‘irreplaceable’ role highlighted by platinum-linked venture capital provider  

By: Martin Creamer     9th May 2024 The role of hydrogen in the decarbonisation of the hardest-to-abate sectors of the global economy continues to be highlighted as “irreplaceable” by AP Ventures, the independent venture capital fund focused on investing in early-stage companies that use or enable the use of platinum group metals... 

AP Ventures Co-Founding Partner Kevin Eggers
AP Ventures Co-Founding Partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

South Deep wind power decision drawing closer, Q2 update likely on backfill problem  

By: Martin Creamer     8th May 2024 Mining company Gold Fields expects to be in a position to decide on the establishment of a wind power project at the South Deep gold mine, west of Johannesburg, in the third quarter of this year. The project is currently undergoing scoping and feasibility and one of the key pieces of work has... 

Gold Fields CEO Mike Fraser
Gold Fields presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

JSE undertaking measures to mitigate de-listing, shrinkage

By: Tasneem Bulbulia     8th May 2024 The JSE is undertaking several initiatives to mitigate de-listings and reduced market capitalisation, chairperson Phuthuma Nhleko said during the entity’s AGM on May 7. Speaking to Engineering News prior to the meeting, consultancy and research provider AmaranthCX director Paul Miller posited... 

An image of JSE chairperson Phuthuma Nhleko
Chairperson Phuthuma Nhleko

Zimbabwe aims to use FDI to develop a competitive economy by 2030

By: Schalk Burger     7th May 2024 Zimbabwe held an investment conference on May 2 and 3 in South Africa during which its officials explained that the country of 16-million people wants to use local and international investments into key sectors of its economy to further develop the country by 2030. This objective is encapsulated... 

South Deep gold output well down as Gold Fields implements recovery plan 

By: Martin Creamer     7th May 2024 With first-quarter gold production down 34% at South Deep gold mine, Gold Fields is focusing on setting up the well-endowed long-life Gauteng operation for longevity, quality ounces and sustainable production increases. The challenging quarter of the bulk mechanised mine near Westonaria, west of... 

Gold Fields CEO Mike Fraser
Gold Fields CEO Mike Fraser

South African unions urge Anglo shareholders to reject BHP bid

By: Bloomberg     7th May 2024 South Africa’s biggest labour union federation urged local shareholders, including the powerful Public Investment Corporation (PIC), to oppose BHP Group’s bid to buy Anglo American. The Congress of South African Trade Unions (Cosatu), which includes the National Union of Mineworkers (NUM) among... 

Cosatu's logo on a window

BHP insists Anglo American's South African assets must go in any takeover, sources say

By: Reuters     7th May 2024 BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26... 

The Sishen iron-ore mine
The Sishen iron-ore mine

Copper 360’s underground copper mine set to open three months ahead of schedule  

By: Martin Creamer     6th May 2024 Last month copper mining company Copper 360 surprised on the upside by producing its first copper concentrate from surface material well ahead of schedule. Now, this month, it is doing the same on the underground mining front in that it will be opening its Rietberg underground copper mine three... 

Copper 360 CEO Jan Nelson.
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Anglo CEO meets South Africa's mines minister after BHP's takeover proposal

By: Reuters     3rd May 2024  Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source familiar with the matter told Reuters. BHP, the world's biggest-listed mining group, is privately talking... 

Platinum-based green hydrogen emerging as Winter Olympics decarbonisation pillar 

By: Martin Creamer     3rd May 2024 Green hydrogen, which is generated with the benefit of the catalysis that platinum group metals (PGMs) provide, is being increasingly highlighted as a pillar of the global decarbonisation transition that is poised to save the world from ruinous climate change. News just out is that steps are... 

Platinum metals support every step of green hydrogen’s decarbonisation of the world.
Platinum metals support every step of green hydrogen’s decarbonisation of the world.

Surface-mining skills shortage a concern – association

By: Lumkile Nkomfe      3rd May 2024 Amid the current economic challenges in South Africa, local mining and quarrying industry representative organisation Aspasa stresses the importance of discovering smarter ways of mining economically and calls for the creation of platforms for young people to develop in the industry. The... 

An image of Letisha van den Berg
LETISHA VAN DEN BERG The opencast and surface mining sector can supply all the products to fix the construction and maintenance issues currently associated with road and water infrastructure

Brick maker allays fears over coal mining licence

3rd May 2024 Clay brick and paver maker Corobrik reports that it has no intention of entering into the coal mining sector, despite its application to mine the commodity at its Centurion-based Rietvlei mine and plant. The company operates a clay mining operation near the ecologically-sensitive Rietvlei Nature... 

An image of Nick Booth
NICK BOOTH As a result of Corobrik accessing coal at its mine, the Department of Mineral Resources and Energy requested Corobrik to apply for a coal mining licence to mine the coal and have it removed. Booth adds that Corobrik has no intention to sell coal and intends to remain a brick maker

Anglo bidder BHP intends maintaining long-standing JSE listing 

By: Martin Creamer     2nd May 2024 Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its multi-decade listing on the Johannesburg Stock Exchange (JSE). BHPalso emphasised that, under its Anglo... 

BHP woos South Africa in pursuit of $39bn Anglo takeover

By: Bloomberg     2nd May 2024 BHP Group has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American. The executives have... 

South Africa's Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
South Africa's Mineral Resources and Energy Minister Gwede Mantashe

Discovery, development are mining’s only true value creation drivers, Barrick highlights  

By: Martin Creamer     2nd May 2024 Discovery and development are the only true drivers of value creation in the mining industry, Barrick president and CEO Dr Mark Bristow highlighted on Wednesday, when this standout gold and copper mining company once again declared a dividend in reporting its first quarter results that position... 

Barrick’s Mark Bristow greets Tanzania Minerals Minister Anthony Mavunde at African training academy, which is augmenting the closing Buzwagi mine’s transformation into a 3 000-job-a-year special economic zone with airport terminal.
Barrick first-quarter results covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Opinion: The MPRDA and its impact on future mining investments in South Africa

2nd May 2024 In this article, Webber Wentzel partner Bruce Dickinson writes that the implications of the Mineral and Petroleum Resources Development Act (MPRDA) on investment dynamics in South Africa have come under scrutiny. 

Webber Wentzel partner Bruce Dickinson
Webber Wentzel partner Bruce Dickinson

US reforms environmental law to speed up clean energy, infrastructure approval

By: Reuters     30th April 2024 The White House on Tuesday reformed the US environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar farms to semiconductor manufacturing. The reforms are the second and final phase of the... 

US President Joe Biden
US President Joe Biden

Implats platinum group metals output up amid robust demand but lacklustre pricing 

By: Martin Creamer     30th April 2024 Platinum group metals (PGMs) mining and marketing company Implats on Tuesday reported higher production in a period characterised by robust demand but lacklustre PGM prices. “Despite continued macroeconomic and geopolitical uncertainty, demand from our contractual customers remains robust, with... 

Implats CEO Nico Muller
Implats CEO Nico Muller

Glencore’s Rustenburg ferrochrome smelter remains idled 

By: Martin Creamer     30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Shanghai Platinum Week: Hydrogen’s going to feature big, says World Platinum Investment Council 

By: Martin Creamer     26th April 2024 The growth in demand for platinum applications in China is extremely high, making detailed access to the China market hugely advantageous. Providing this detailed access from July 8 to 11 will be the far-reaching Shanghai Platinum Week 2024, which is sandwiched between the London Platinum Week in... 

World Platinum CEO Trevor Raymond at Shanghai Platinum Week 2023.
WPIC's Trevor Raymond and Edward Sterck interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mantashe signals opposition to BHP-Anglo deal

By: Bloomberg     25th April 2024 South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.’s proposed takeover of Anglo American. The offer by the world’s largest miner envisages an all-share deal in which Anglo American would first spin off controlling stakes in South African platinum and iron-ore... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

Congo questions Apple on concerns about use of conflict minerals

By: Bloomberg     25th April 2024 The Democratic Republic of Congo’s government notified Apple of concerns that the company’s supply chain may be tainted by conflict minerals sourced from the central African nation. A group of international lawyers engaged on behalf of the Congolese State sent a list of questions to the US tech... 

An Apple computer

Zimbabwe’s Mnangagwa names new Mines Minister in mini-reshuffle

By: Bloomberg     25th April 2024 Zimbabwe’s President Emmerson Mnangagwa has reappointed Winston Chitando as the Southern African nation’s Mines Minister, a post he held before last year’s elections. Prior to his reappointment, Chitando was the local government minister. 

Zimbabwe Mines Minister Winston Chitando
Photo by Reuters
Zimbabwe Mines Minister Winston Chitando

Kazakh miner ERG denies circumventing Congo subcontracting laws

By: Reuters     25th April 2024 Kazakh miner Eurasian Resources Group (ERG) has denied accusations it tried to bypass Democratic Republic of Congo's subcontracting laws designed to boost local ownership in the mining sector, job creation, and benefits to the country's economy. In a statement published last week, Congo's... 

ERG's Metalkol mine in the DRC
ERG's Metalkol mine in the DRC

Diamond council urges industry to transition to revised System Of Warranties urgently

By: Darren Parker     24th April 2024 The World Diamond Council’s (WDC’s) revised System of Warranties (SoW) is set to reach its first critical deadline on September 21, when it becomes obligatory for all rough diamond sales.   “We strongly urge all companies, but especially . . . rough diamond traders, to transition to the revised... 

rough diamonds being sorted using tweezers

New green hydrogen trading base uplifting platinum group metals demand outlook 

By: Martin Creamer     23rd April 2024 The green hydrogen sector now has a digital platform on which users can buy and sell green hydrogen by the click of a button, it was announced on Tuesday.  Euronext-listed Lhyfe, the French group devoted to energy transition, has begun taking of orders for green hydrogen in Europe and... 

Lhyfe Founder and CEO Matthieu Guesné.
Lhyfe Founder and CEO Matthieu Guesné on video.

Anglo pleased with copper's first-quarter performance 

By: Martin Creamer     23rd April 2024 Copper production increasing by 11% as Quellaveco achieved its highest plant throughput rate in Peru, and Collahuasi and El Soldado in Chile benefitting from higher copper grades were among the first-quarter performance aspects that pleased diversified mining company Anglo American in the three... 

Anglo CE Duncan Wanblad.
Anglo CE Duncan Wanblad.

Anglo helping to restore Amazon-like rainforest near Brazil iron-ore mine  

By: Martin Creamer     23rd April 2024 Diversified mining company Anglo American is taking steps to help to restore an Amazon rainforest equivalent of which less than 10% remains intact. The Mata Atlántica carbon forest is located near Anglo’s Minas-Rio iron-ore mine, in Brazil. 

Anglo American CE Duncan Wanblad.
Anglo Sustainability Update covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Canada's planned capital gains tax hike may choke mining startups, dealmakers say

By: Reuters     23rd April 2024 Canada's capital gains tax hike for wealthy individuals and corporations in last week's federal budget risks turning away investments from mineral exploration by reducing incentives, the country's leading stock exchange operator and dealmakers told Reuters. Prime Minister Justin Trudeau's... 

Sayona Mining raised cash through flow-through shares for its Quebec exploration project
Sayona Mining raised cash through flow-through shares for its Quebec exploration project

Rich copper intercept in N Cape sends Orion’s shares soaring on Australian exchange 

By: Martin Creamer     22nd April 2024 The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up 58% on the Australian Stock Exchange (ASX). Orion, headed by CEO Errol Smart, is primarily listed... 

Orion Minerals CEO Errol Smart.
Orion Minerals CEO Errol Smart.
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