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Govt’s R20bn exploration boost lauded, but more needs to be done Govt’s R20bn exploration boost lauded, but more needs to be done
Published: 09 Nov 18
Amid reports that South Africa is attracting less than 1% of the global share of exploration spend, Mineral Resources Minister Gwede Mantashe has dedicated a national investment of R20-billion to an integrated multi-disciplinary mapping programme to boost global investment in local exploration. In his parliamentary address in May, Mantashe noted that South Africa accounted for 94% of known global reserves of the platinum group metals (PGMs), 73.7% of chrome, 29% of manganese, 18.4% of vanadium and 10.5% of gold reserves. However, the country’s geology and mineral deposits – valued at about $2.5-trillion – have largely gone untouched by local and international explorers and investors, according to a report by independent consultants John Bristow and Dan Moagi that was published by Mining Weekly in March.
SRK shares mineral valuation insights with China
Published: 09 Nov 18
A Chinese mining sector delegation visiting South Africa last week gained “valuable insights” from specialist engineers and scientists from SRK Consulting South Africa, specifically pertaining to the factors that affect mineral resource and mineral reserve reporting and valuation. The delegation comprised members of the Mineral Resources and Reserves Evaluation Centre (MRREC) of the Ministry of Natural Resources in Beijing, who were hosted by South Africa’s Samcodes Standards Committee (SSC).
Rwanda seeking to  attract greater investment  in mining sector Rwanda seeking to attract greater investment in mining sector
Published: 09 Nov 18
To increase mineral exports and boost revenue from its mineral resources, Rwanda aims to attract greater investment in its mining sector, which has created over 40 000 jobs countrywide.
First mover in Zimbabwe hopeful  risk will pay off First mover in Zimbabwe hopeful risk will pay off
Published: 09 Nov 18
Having taken on the risk this year of investing in two exploration projects in Zimbabwe, which is trying to reinvigorate interest in its mining industry, Johannesburg-headquartered integrated resources group Tharisa CEO Phoevos Pouroulis says the country’s mining environment is improving.
Lack of unity still stunting growth of African mining sector
Published: 09 Nov 18
Mining has a considerable positive economic impact in most African countries, but with the right kind of support from government, industry, individual stakeholders and the general population, it can be even greater, says African Mining Network chairperson Yolanda Torrisi.
Progress in Southern Africa for diversified Canadian junior
Published: 09 Nov 18
Metswedi Mining has received the first renewal for both prospecting licence (PL) 101 (430 km2) and PL58 (2.3 km2) which make up the Middlepits project, in Botswana, Canadian diversified junior mining company Tango Mining announced in October.
Manufacturer ready to supply South and West Africa’s demands Manufacturer ready to supply South and West Africa’s demands
Published: 09 Nov 18
The demand for more effective and efficient impeller and agitator technology is greatly increasing throughout Africa, where mining developments and mineral exploration are constantly budding, says industrial agitator and mixer manufacturer Mixtec sales and projects manager Rudi Swanepoel.
Copper production, use to increase this year and in 2019 – ICSG Copper production, use to increase this year and in 2019 – ICSG
Published: 09 Nov 18
During the International Copper Study Group (ICSG) meeting in Lisbon, Portugal last month, the ICSG reported its expectation that, after a decline of 1.5% in 2017, global mine production, after adjusting for historical disruption factors, is expected to grow by around 2% (full year) in 2018 and 1.2% in 2019. The ICSG noted that while 2017 mine production fell owing to significant supply disruptions and a lack of significant projects coming on-stream. However,  a recovery in production from Chile and Indonesia, combined with the re-starting of temporarily closed capacity in the Democratic Republic of Congo (DRC) and Zambia, has resulted in a slightly more positive outlook in the immediate short-term.
Orion equipping communities to benefit from and contribute to its Prieska project Orion equipping communities to benefit from and contribute to its Prieska project
Published: 09 Nov 18
ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says Orion CEO Errol Smart. He tells Mining Weekly that Orion has liaised with communities and the SiyaThemba Municipality with the aim of preparing residents to exploit opportunities created by the development and eventual operation of the mine. “We’re talking to communities to ensure that they are able to foresee what’s going to happen and then to contribute sensibly to these developments . . . because it isn’t a one-way street, it’s also about how communities can benefit the mine.”
Valve companies upgraded to Level 1 BBBEE status Valve companies upgraded to Level 1 BBBEE status Has Video
Published: 09 Nov 18
Valve manufacturer Ainsworth Engineering and its sister company valve distributor United Valve Company (UVC) are under new ownership and have been upgraded to Level 1 broad-based black economic empowerment (BBBEE) status. The initiative was funded by the Industrial Development Corporation and the sale was concluded in September, with payment being effected last month.
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