In The News



Some respite for world’s top miners says PwC

According to PwC’s Mine 2017 report (www.PwC.com), the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and draw breath. As it looks to the future, the 14th edition of PwC’s industry series analysing financial performance and global trends also outlines the new opportunities and hazards on the horizon – and the impact of the intransigent or innovative activity. Mine 2017 was released by PwC Africa today at the Junior Indaba conference held in Johannesburg. Michal Kotzé, Energy, Utilities and Mining Industry Leader for PwC Africa, commented: “The narrative of the Top 40 in 2016 tends to read like a mine site safety mantra: Stop. Think … Act. The industry has moved out of danger but 2016 was not a year of significant action, and we now wait to see who will be bold and step out beyond the fluctuating market confidence.” http://getnews.co.za/site/some-respite-for-worlds-top-miners-says-pwc/


MINING'S BLEAK FUTURE
Charlotte Mathews - Financial Mail

The world's global resource funds, whose interest in mining investments has risen in the past year, have SA in the same category as countries such as South Sudan. It is regarded as pretty much a no go area, said speakers at last week's 2017 Junior Indaba. This is bad news for attracting foreign investment into exploration. According to S&P Global Market Intelligence, Southern Africa attracted only 4% of global exploration budgets last year, against Canada's 14% share and Australia's 13%. West Africa attracted 5%. Without investment in exploration, SA's mining industry has no long-term future. The annual two-day Junior Indaba, organised by witty and outspoken former Harmony Gold CEO Bernard Swanepoel, attracts about 200 representatives of junior mining companies and advisers from Southern Africa. Canvassed for their opinions, delegates said it was not the quality of a mineral resource that could make or break a project, but the legal and regulatory environment.  https://www.gate5.co.za/read/92781/qv/49795095/140056698/5931/j


Zwane reveals final Mining Charter, despite boycott

The new and final Mining Charter revealed by Mineral Resources Minister Mosebenzi Zwane on Thursday increases the level of black ownership at mining companies from 26% to 30%. In addition, mining prospecting rights need to have a minimum of 50% plus one share, while companies will be required to give 8% of their shares to workers. Zwane pointed out that mining companies who already have a 30% black ownership will not be required to restructure their ownership structures. The newly published charter also requires mining companies to pay 1% to the 30% black shareholding over and above any distributions to its shareholders. “This 1% is to ensure real economic value to these black owners,” Zwane said, but it will be subject to liquidity tests. New empowerment targets with respect to black representation have also been set. A minimum of 50% black representation at board level will be required, of which 25% need to be women. At senior management level, a minimum of 60% black ownership is required, while 88% of black ownership is required at junior management level. The charter also requires 70% procurement of mining goods to be purchased from black economic empowerment companies. Zwane said the department has listened to workers and communities who haven’t seen real economic benefits from mining activities. “We engaged financial institutions who need to make profit, but also address developmental needs. We also listened to the sector who asked for policy certainty, but also wanted clarity on historic deals." http://www.miningweekly.com/article/south-africa-raises-mining-sector-black-ownership-requirement-to-30-2017-06-15/rep_id:3650


Chamber to ditch last-minute meeting invite from DMR
Lameez Omarjee - Fin24

The Chamber of Mines is suspicious about a last-minute invitation to meet with Mines Minister Mosebenzi Zwane, ahead of the release of the reviewed Mining Charter. According to a statement issued by the chamber on Wednesday evening, the exact purpose of the meeting with the Mining Industry Growth Development and Employment task team (MIGDETT) is not known. “The notice for the meeting is less than 24 hours and the exact purpose of using MIGDETT is highly suspicious,” the statement read. This particular meeting is scheduled to take place an hour before a press briefing where the minister will discuss the reviewed Mining Charter. As such, the chamber has elected not to attend the MIGDETT meeting. “Its office bearers will not be co-opted into participating in an attempt by the DMR (Department of Mineral Resources) to provide any support into what we believe has been a flawed process by the DMR.” http://www.fin24.com/Companies/Mining/chamber-to-ditch-last-minute-meeting-invite-from-dmr-20170614-2


The day Bernard Swanepoel met his comedic match
By Brendan Ryan 

I DO love a good mining conference and the Junior Indaba is as good as they come thanks in large part to chairman Bernard Swanepoel’s “no holds barred” hosting style, although even he met his match this time around in the form of Irish serial mining entrepreneur John Teeling. Swanepoel – a man I have always felt could have been another Barry Hilton [South African comedian] had he followed a different career path – was outshone by Teeling who demonstrated not only that he had a superior “gift of the gab”, but he was also a better comedian which Swanepoel ruefully acknowledged. Teeling delivered a fundamental truth which is that you invest in junior mining and exploration shares at your very real financial peril. Using that as a starting point let’s take a look at a couple of key examples gleaned from the two day conference last week. “One man’s meat is another man’s poison” was one clear message from the verdicts handed down by analyst Peter Major of Cadiz Corporate Solutions who Swanepoel used as a “hatchet man”, delivering swift judgement on the companies presenting in a section dubbed “Major facts and fiction.” http://www.miningmx.com/news/markets/29791-day-bernard-swanepoel-met-comedic-match/

 


Minister, officials missing in action as miners deride state dysfunction
09 JUNE 2017 ALLAN SECCOMBE

Speaker after speaker at a junior mining conference told of their frustration with the Department of Mineral Resources, but it was an industry talking to itself as no one from the department was there to listen or respond to allegations of how a dysfunctional and ineffective regulator was crippling investment and existing mining operations. Speakers at the Junior Indaba, attended by 320 delegates ranging from senior management and fund managers to bankers and lawyers, might not have agreed on which minerals offered the best investment opportunity but there was an almost unanimously expressed thread running through two days of presentations: the department is dysfunctional, legal recourse is the best option to resolve differences with the department or to force it into action, and it is incredibly tough to raise capital for junior companies operating in SA.  https://www.businesslive.co.za/bd/companies/mining/2017-06-09-minister-officials-missing-in-action-as-miners-deride-state-dysfunction/


Junior Indaba: Prepare for war.
Warren Thompson / 8 June 2017

The Junior Mining Indaba got under way on Wednesday, with frustration at government for the state of the mining industry clearly evident. The frustration and despair isn’t just felt by those in the industry, but by members of the ANC too, notably Mathews Phosa, who, as a candidate for the ANC leadership, gave a fiery speech on the state of the ruling party and its compromised president. Event convenor Bernard Swanepoel didn’t mince his words either. “I can’t believe the mining industry is under attack by the very people who should have its best interests at heart,” he said in a not-too-veiled dig at the role Mining Minister Mosebenzi Zwane played in strong-arming Glencore to sell the Optimum Coal Mine to the Guptas. And it’s not as though the Department of Mineral Resources (DMR) could defend itself. It couldn’t even bother to send one official to a gathering that attempts to encourage investment in the mining industry – in a country that is now officially in recession. How pathetic! https://www.moneyweb.co.za/moneyweb-opinion/junior-indaba-prepare-for-war/


Phosa lambasts Zuma’s looting as ‘worst crime since apartheid’

Presidential hopeful Mathews Phosa, an ANC veteran, said on Wednesday the entire Cabinet should be held responsible for the “worst crime” since apartheid against the people of SA, perpetrated by President Jacob Zuma and the Gupta family. Phosa, who had declared his willingness to run for the presidency of the ANC, spared few of the people in the upper echelons of the party in his opening address at the Junior Indaba for mining companies. The Department of Mineral Resources shunned the conference despite being invited. Phosa called on ANC MPs to obey their oath of office and vote in favour of the pending motion of no confidence in Zuma, who is embroiled in a mounting political and corruption scandal, along with an increasing number of senior politicians. https://www.businesslive.co.za/bd/politics/2017-06-08-phosa-lambasts-zumas-looting-as-worst-crime-since-apartheid/ 


Low investment exposes miners’ capex dilemma
08 June 2017 -Allan Seccombe

Capital expenditure by the top 40 companies in the global mining industry has hit its lowest point in at least 15 years, professional services firm PwC says in its latest annual mining survey. It expected the outlook for 2017 to be similar, casting doubt on future growth in mineral supplies, PwC said.The survey of the world’s top 40 mining firms by market capitalisation shows capex fell to $49bn in 2016, down from $138bn in 2012, with at least half of 2016’s spending going towards sustaining existing operations rather than growth. A large amount of money was spent at the top of the commodity cycle, particularly on iron-ore projects, which were now coming into production, PwC assurance partner Andries Rossouw said.  https://www.businesslive.co.za/bd/companies/mining/2017-06-08-low-investment-exposes-miners-capex-dilemma/


Mathews Phosa Launches Scathing Attack On Zuma And His Cabinet

Former ANC treasurer-general and presidential hopeful Mathews Phosa has called the scandal around President Jacob Zuma and the Gupta family "the worst crime" since apartheid, Business Day reported. Phosa was reportedly addressing the Junior Indaba for mining companies, which the Department of Mineral Resources reportedly did not attend despite being invited. Phosa called on ANC MPs to vote in favour of the upcoming motion of no confidence vote against Zuma in Parliament and said the entire Cabinet should be held responsible for what has happened. According to Business Day, Phosa said: "Let me openly say that, after apartheid, I regard the Zuma-Gupta scandal as the worst crime ever against the people of South Africa. What we have seen under this presidency is radical economic looting. "The executive under President Zuma has long ceased to understand their sworn duty to uplift the poorest of the poor. I do not exclude a single member, minister or deputy minister." Phosa said all members of the executive need to take collective responsibility. "He (Zuma) and all the public representatives and executive appointees must take joint and collective responsibility for not only the massive damage to our economy but also for raping the interests of the poor. "Let me be clear: all members of Cabinet must take joint responsibility for the sad state of our nation." http://www.huffingtonpost.co.za/2017/06/08/mathews-phosa-launches-scathing-attack-on-zuma-and-his-cabinet_a_22131767/?utm_hp_ref=za-homepage


Zuma's looting 'worst crime since apartheid'
By Tmg Digital | Jun 08, 2017

Phosa was scathing in his criticism when he delivered an opening address at the Junior Indaba for mining companies on Wednesday. “Let me openly say that‚ after apartheid‚ I regard the Zuma-Gupta scandal as the worst crime ever against the people of South Africa” he said. Business Day quoted him in a report on Thursday as saying: “What we have seen under this presidency is radical economic looting.” He said the entire cabinet should be held responsible for the “worst crime” since apartheid against citizens. An extensive cache of leaked emails have laid bare the extent of the Gupta family’s control over cabinet ministers‚ and state-owned companies and their CEOs and boards. “The explosive evidence comes as President Jacob Zuma fights for his political life amid mounting confirmation of state capture and growing opposition in his own party to his links with the family‚” the Sunday Times reported nearly two weeks ago. Since then‚ damning allegations of “state capture” have been levelled against the family‚ as more emails entered the public domain. http://www.sowetanlive.co.za/news/2017/06/08/zuma-s-looting-worst-crime-since-apartheid


Mines urged to act on opportunities

According to PwC’s Mine 2017 report, the world’s top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and draw breath. As it looks to the future, the 14th edition of PwC’s industry series analysing financial performance and global trends, also outlines the new opportunities and hazards on the horizon – and the impact of intransigent or innovative activity. Mine 2017 was released by PwC Africa today at the Junior Indaba conference held in Johannesburg. Michal Kotzé, energy, utilities and mining industry leader for PwC Africa, comments: “The narrative of the Top 40 in 2016 tends to read like a mine site safety mantra: Stop. Think … Act. The industry has moved out of danger but 2016 was not a year of significant action, and we now wait to see who will be bold and step out beyond the fluctuating market confidence.” https://it-online.co.za/2017/06/08/mines-urged-to-act-on-opportunities/ 


'I feel we must consult to death in a democracy'

The Department of Mineral Resources needs an urgent change in leadership and the third empowerment charter for the industry, due to be gazetted next week, should be started afresh. That’s the message from Mathews Phosa, who is an ANC veteran and former treasurer-general of the party, [and] also a businessman. He was at the Junior Indaba this morning, giving the opening address for mining companies. He joins us in studio this evening. Mathews, so you’ve made a statement that you would stop the current charter re-draft in its tracks in favour of launching a more consultative process. Talk us through why, because we’ve had the mines minister certainly insisting that the process has been very consultative. He insists that his department holds an open-door policy. https://www.businesslive.co.za/bd/business-and-economy/2017-06-08-business-day-tv-i-feel-we-must-consult-to-death-in-a-democracy/


Zinc, tin, nickel, platinum evoke most optimism at Junior Indaba
BY: MARTIN CREAMER - CREAMER MEDIA EDITOR


UK market intelligence firm CRU is most optimistic about the prospects for zinc, tin, nickel and, to a certain extent, platinum over a 12-month time horizon and named copper, bauxite, nickel and gold as good commodities to be in over the longer term. CRU principal consultant Ben Jones told the Junior Indaba in Johannesburg on Thursday that he expected a divergence across bulk commodities and base metals. Jones formed part of a panel discussion led by Standard Bank mining head Sandra du Toit and participated in by Regarding Capital Management chairperson Piet Viljoen and Standard Bank mining research head Tim Clark.Clark said heart had to be taken from the mining industry finding the bottom, after a period of cost cutting, and experiencing a rebound and a restart because the waning of supply had brought it into the present healthier state. “We’ve seen the bottom, we’ve seen very bad days and it’s unlikely that we’ll see those bad days again, simply because companies are a lot more sensitive now about their balance sheet position and growth,” he said. http://www.engineeringnews.co.za/article/zinc-tin-nickel-platinum-get-short-term-thumbs-up-at-junior-indaba-2017-06-08/rep_id:4136 


Diamond junior sector in urgent need of fixing – Bristow
BY: MARTIN CREAMER - CREAMER MEDIA EDITOR

South Africa needs to fix its declining junior mining sector because the country still has amazing mineral deposits that its mining entrepreneurs are best placed to mine, Global Diamond Network director Dr John Bristow told the Junior Indaba on Thursday. Bristow, who has an illustrious record as a diamond explorer and miner, flashed a graphic on to a large screen that pointed to the worrying decline of South Africa’s junior diamond mining sector. “We’ve got the best diamonds in the world,” said Bristow, who is director of a company that runs a diamond tender house that sells diamonds on a monthly basis. Two months ago, the 106 ct of diamonds sold fetched R44-million.    http://www.miningweekly.com/article/diamond-junior-sector-in-urgent-need-of-fixing-bristow-2017-06-08/rep_id:3650


‘After apartheid‚ Zuma and the Guptas are the worst crime against the people of SA’‚ says Phosa

By: Allan Seccombe -Sowetan Live

The entire cabinet should be held responsible for one of the worst crimes against the people of SA perpetrated by President Jacob Zuma and the Gupta family‚ says former ANC treasurer Mathews Phosa. He says there also needs to be an urgent change in leadership of the Department of Mineral Resources‚ which takes “painfully long” to issue licences‚ affecting investment appetite. Phosa‚ who says he is willing to run for presidency of the African National Congress‚ spared no one in his opening address at the Junior Indaba for mining companies‚ saying ruling parliamentarians should vote in favour of the pending motion of no confidence in Zuma‚ who is embroiled in a growing political and corruption scandal along with an increasing number of senior politicians. http://www.sowetanlive.co.za/news/2017/06/07/after-apartheid-zuma-and-the-guptas-are-the-worst-crime-against-the-people-of-sa-says-phosa


Changing Charters will not bring about “radical economic transformation” – Dr Phosa
By Phila Mzamo on June 7, 2017 

There is never a bad time to pursue radical economic transformation, but that must happen within the ruling party and within the government; this was the theme in which Dr Mathews Phosa opened this year’s Junior Indaba in his key note address. Phosa, explaining what South Africa should do to re-establish its relevance to international investors, said that at the very least, South Africa needs to establish new leadership, implement changes in the economic policy, and implement urgent changes in the education system. He said the county should build consensus between all stakeholders on how to revive ‘ radical economic transformation’ in other country, and not merely throw around this term. http://www.miningne.ws/2017/06/07/changing-charters-will-not-bring-about-radical-economic-transformation-dr-phosa/ 

 


Mining data deceiving of reality
Lameez Omarjee - June 7

Johannesburg – The positive contribution of the mining sector to GDP during the first quarter is deceiving of the underlying concerns in reality. This is according to Chamber of Mines chief economist, Henk Langenhoven, who issued a statement on Wednesday ahead of the release of the second quarter production figures. “The positive seasonal contribution of mining to the economy masks the current precarious position of the South African mining sector,” he said. Although the mining sector production grew by 12.8% during the first quarter, Langenhoven said that there are concerning trends within the sector. Given the improvement in the global economy, the uptick in commodity process and the rand commodity index improving by over 20%, the positive impact on the sector should have been greater, he explained. http://www.fin24.com/Companies/Mining/mining-data-deceiving-of-reality-20170607 


Mathews Phosa condemns dictatorial mining charter redraft
By David McKay - June 7, 2017

MATHEWS Phosa, the former Mpumalanga premier and ANC treasurer who is expected to run for the presidency of the ruling party later this year, said he would stop the current charter redraft in its tracks in favour of launching a more consultative process. “I would re-look at all the charters and see what is in the interests of the country,” he told reporters on the sidelines of the Junior Indaba conference in Johannesburg today. “We would need a huge economic Codesa where there would be input by the stakeholders themselves.” He was referring to the Convention for a Democratic South Africa, a series of plenary sessions which took place in the Nineties and which were key in the formulation of the country’s first democratic government. http://www.miningmx.com/top-story/29764-mathews-phosa-condemns-dictatorial-mining-charter-redraft/


Phosa condemns charter tinkering, urges growth negotiations
By: Martin Creamer

Stop tinkering with sector charters and instead negotiate them in a manner that creates room for sizable growth, African National Congress (ANC) National Executive Committee member Dr Mathews Phosa urged on Wednesday. Delivering the keynote address at the Junior Indaba, the former premier of Mpumalanga was speaking a day after Mineral Resources Minister Mosebenzi Zwane announced that the upcoming third iteration of the Mining Charter would be gazetted next week and would contain the “designation of minerals” in support of government’s policy of mineral beneficiation.“We need to negotiate charters that satisfy stakeholders and not continue to change the rules of the game in the middle of the game,” Phosa instructed. http://www.miningweekly.com/article/phosa-condemns-charter-tinkering-urges-growth-negotiations-2017-06-07 


Action not BIG talk needed in mining NOW – PwC
Posted by Jimmy - African Mining Brief


According to PwC’s Mine 2017 report (www.PwC.com), the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and draw breath. As it looks to the future, the 14th edition of PwC’s industry series analysing financial performance and global trends, also outlines the new opportunities and hazards on the horizon – and the impact of intransigent or innovative activity. Mine 2017 was released by PwC Africa today at the Junior Indaba conference held in Johannesburg. Michal Kotzé, Energy, Utilities and Mining Industry Leader for PwC Africa, commented: “The narrative of the Top 40 in 2016 tends to read like a mine site safety mantra: Stop. Think … Act. The industry has moved out of danger but 2016 was not a year of significant action, and we now wait to see who will be bold and step out beyond the fluctuating market confidence.” http://ambriefonline.com/action-not-big-talk-needed-in-mining/


Junior miners seek to regain investor confidence in efforts to relive glory days
Ilan Solomons - Mining Weekly

Junior mining companies have certainly been through a tough time of late. Some of the pain has been self-inflicted, some has been a long time coming and some of it has been pure bad luck, says Junior Indaba chairperson Bernard Swanepoel. “That is the way cycles go and the world will hopefully soon discover that it cannot do without junior miners. So, how do we make juniors great again?” he asks. Swanepoel notes that 2017 has already seen some welcome recovery in commodity prices, but the sustainability of recovery is uncertain and the extent of it not consistent across commodities. http://www.miningweekly.com/article/junior-miners-seek-to-regain-investor-confidence-in-efforts-to-relive-glory-days-2017-06-02 


Small is the new black in the mining sector
Bizcommunity

The general sentiment is that a recovery is underway in the resources sector and for the mining sector to secure a sustainable future, smaller projects are the way forward. “The bottom line is we are in a new ‘bull’ market that is just moving into the second innings and will this time likely be hot for the next eight to 10 years” says Alan Clegg, chairman, Shumba Energy. Junior mining companies are well placed to take advantage of the better-performing commodities in 2016/17, among which are gold, copper silver, nickel, tin and zinc, as well as lithium and graphite. However, on a continent that is in desperate need of strong growth in its infrastructure, building materials are looking to be the shining gem in the commodity market. http://www.bizcommunity.com/Article/196/355/161181.html


The Junior Indaba

Construction Review

The Junior Indaba The third edition of the Junior Indaba will take place on 7th & 8th June 2017 in Johannesburg, a lively gathering that has become known for its stimulating discussions, interactive conversations and constructive outcomes Come and join leading CEOs, entrepreneurs, investors and analysts for lively debates and discussions, gain valuable snapshots of projects and.companies as well as insights into.commodity market prospects, exploration hot spots and investment opportunities_ The Junior Indaba, for explorers, developers and investors in junior mining, is brought to you by Resources 4 Africa, the organisers of the Joburg Indaba. Date: 7& 8 June 2017 Venue: The Country Club, Auckland Park, Johannesburg.https://www.gate5.co.za/read/92781/qv/48828404/139757091/5931/t

 


Time for junior miners to rise
The New Age (Bokone Bophirima), Inside 1 - 4 May 2017

Shumba Energy bigwig says 'smaller projects' are the way forward as industry gets set to stage a recovery FOR the mining sector to secure a sustainable future, "smaller projects" are the way forward, as the general sentiment is that a recovery is under way in the resources sector, Alan Clegg, chairperson of Shumba Energy, said yesterday. After several years of a downturn in the mining and mineral resources sector, green shoots continue to appear off the back of a recovery in.commodity prices which began in 2016, with a corresponding improvement in investor sentiment, Clegg said. "The bottom line is we are in a new bull market that is just moving into the second innings and will this time likely be hot for the next eight to 10 years." Junior mining.companies are well placed to take advantage of the betterperforming.commodities in 201617, among which are gold, copper silver, nickel, tin and zinc, as well as lithium and graphite. https://www.gate5.co.za/read/92781/qv/48715839/139709291/5931/t


Platinum Optimism
Mining Weekly - 21 Apr 2017

Platinum has best price improvement prospects, says Major MARTIN CREAMER I CREAMER MEDIA EDITOR JOBURG INDABA platinum has better price improvement prospects than virtually any other.commodity, Cadiz Corporate Solutions mining director Peter Major said earlier this month. Speaking at a breakfast to publicise the upcoming Junior Indaba on June 7 and 8, Major cast doubt on gold going much higher said iron ore was heading for a fall and forecast a lower thermal coal price by year end. "I think platinum has a better chance of going up than almost any other.commodity," Major said, positioning the currently low-priced precious metal as being "very close to its mean". "I've got a lot of my pension fund in platinum, as opposed to gold," he added at the function, which was hosted by Junior Indaba chairperson Bernard Swanepoel, who is also president of AHI, the small and medium-sized enterprise representative organisation.
https://www.gate5.co.za/read/92781/qv/48423698/139607465/5931/t


Bulk Handling Today Elephant Country that Needs Dung Beetles!
Bulk Handling Today - 1 Apr 2017

MINING South Africa is anSouth Africa is truly 'elephant country' when it.comes to mining. It has been endowed with some of the best ore bodies in the world and stands out as the country with the world's deepest mines. In addition, nearly all the mining.companies in the world have roots in South Africa. But there is a shortage of 'dung beetles' or junior miners born from elephant droppings in South Africa because it is easier to run big.companies in the local business environment than small ones. There are as many as 214 pieces of legislation that apply to small listed mining.companies here, which implies that junior miners either break the law or go out of business In order to make the South African mining space favourable for junior miners, ten regulations need to be scrapped for everyone that is contemplated. https://www.gate5.co.za/read/92781/qv/48547595/139640264/5931/t


Platinum firms will opt for quality ounces: RBPlat’s Phiri
David McKay 

Royal Bafokeng Platinum (RBPlat) CEO, Steve Phiri, has joined the growing number who believe primary platinum production from South Africa will be cut, a development that would contribute towards widening the supply deficit. “Well, if it is not planned, it is forced on us,” said Phiri of production cuts. “Circumstances force us into that direction. You cannot just produce for the sake of volumes,” he said. “To say I’m a Number One producer, and I’m a Number Two producer, I’m producing two million ounces or more, that doesn’t fly,” he said. “You need to produce more quality and less volumes,” he said in an interview. Read the full article here: http://www.miningmx.com/top-story/27408-platinum-firms-will-opt-quality-ounces-rbplats-phiri/


Culture of ethical behaviour to minimise corruption – Dlamini-Zuma
Prinesha Naidoo

The first step in tackling corruption across the African continent is acknowledging that there is a problem and then doing something about it, says African Union Commission chairperson Nkosazana Dlamini-Zuma. Speaking on the sidelines of The Junior Indaba in Johannesburg last week, she addressed the perception that corruption is seemingly isolated to Africa and praised leaders of the African Union and various African countries for their readiness to discuss and deal with corruption. “It is true that there is corruption in the world and Africa is part of that world. It is also true that the AU and African leaders have identified corruption as a problem that needs to be dealt with…We believe that there must be a culture of ethical behaviour to minimise corruption, besides catching the people who are corrupt and dealing with them decisively,” she said. Dlamini-Zuma also shared her views – in line with Agenda 2063, the African Union’s vision for an “integrated, prosperous and peaceful” continent – on how African leaders can make the most of the continent’s advantages to boost economic development. Read the full article here: http://www.moneyweb.co.za/news/africa/culture-ethical-behaviour-minimise-corruption-dlamini-zuma/ 

 


Expedite platinum fuel cells to boost  economy- Deputy Minister

Martin Creamer

JOHANNESBURG (miningweekly.com) – Deputy Minerals Minister Godfrey Oliphant has called for an acceleration of minerals beneficiation in general and the development of a platinum fuel cell economy in particular. Oliphant said that engagement with the platinum sector had taken place on one of its outputs, being the fuel cell, which had the ability to generate clean electricity. The fuel cell-using pilot electricity generation project in Kroonstad had already provided important lessons, said Oliphant, who was speaking to journalists during a media conference in which Creamer Media’s Mining Weekly Online participated at last week’s Junior Indaba. Read the full article here: http://www.engineeringnews.co.za/article/expedite-platinum-fuel-cells-to-boost-economy-deputy-minister-2016-06-06


Coal will be part of Africa’s energy mix – African Union

Martin Creamer

 JOHANNESBURG (miningweekly.com) – Coal will be part of Africa’s energy mix owing to its availability, cost advantage and ability to generate much-needed electricity, says African Union (AU) chairperson Dr Nkosazana Dlamini Zuma. Zuma, who was speaking to journalists during a media conference in which Creamer Media’s Mining Weekly Online participated at last week’s Junior Indaba, makes it clear that coal will play its part on the continent, in spite of the global trend to move to alternative sources of energy, given its cost. Read the full article here : http://www.engineeringnews.co.za/article/coal-will-be-part-of-africas-energy-mix-african-union-2016-06-06


No more resources supercycles, say analysts
Allan Seccombe

THE abnormal demand-driven commodity price supercycle between 2005 and 2011 was unlikely to be repeated, with the market returning to a more normal environment, analysts said on Thursday. Speaking at the Junior Indaba mining conference, Kieran Daly, the co-head of Europe, Middle East, and Africa metals & mining at UBS Investment Bank, told delegates China was unlikely to repeat its extraordinary levels of commodity demand that pushed prices higher for minerals such as iron ore, copper and coal. Read the full article here: http://www.bdlive.co.za/markets/2016/06/03/no-more-resources-supercycles-say-analysts


Synthetics pose most significant risk to natural diamonds
Prinesha Naidoo / mineweb.com

Stakeholders in the natural diamond industry must react to growing interest and marketing campaigns in synthetic diamonds, the most significant risk to the industry, says James Campbell, CEO of Rockwell Diamonds. “Do you really want to start your engagement or your wedding on the back of an artificial or a synthetic rather than something that is natural and has been born in the earth’s crust for over three million years? The industry needs to work together to get this right, to make sure that the consumer has that impression and buys according to that impression,” he said. Read the full article here: http://www.mineweb.com/news/diamonds-and-gems/synthetics-pose-significant-risk-natural-diamonds/


Entitlement, greed and extortion
Sungula Nkabinde

JOHANNESBURG: Exploration company Tranter Resources CEO Humphrey Mathe offered a scathing criticism of inherent corruption in the junior mining and exploration space at the Junior Indaba at the Johannesburg Country Club on Thursday. His stories depicted an industry held hostage to the whims of unscrupulous politicians and their associates.“The three evil monsters of entitlement, greed and extortion have taken over in Africa, and probably in South Africa as well,” said Mathe. “We had what we thought were reasonable expectations that, in our own country, it should be easy to operate, but we found it very difficult. Read the full article here: http://www.mineweb.com/news/mining-finance-and-investment/entitlement-greed-extortion/


AU commission chair calls for beneficiation of African minerals
Mpinane Senkhane

The African Union Commission Chair, Nkosazana Dlamini-Zuma delivered the keynote address at the Junior Indaba in Johannesburg yesterday. In her address Dlamini-Zuma urged junior miners to make concerted efforts to ensure there is beneficiation of mineral resources within the region. In her address,the AU Chair said current weakening in commodities was being felt by Africans as more effects were hitting those exporting raw minerals and not value added goods. Read the full articles here: http://www.miningne.ws/2016/06/02/au-commission-chair-calls-for-beneficiation-of-african-minerals/


Gold will outperform, iron-ore to be avoided – Junior Indaba

Martin Creamer

JOHANNESBURG (miningweekly.com) – Gold will be the commodity that will outperform in the next 12 months and iron-ore is the commodity investors should avoid at all costs during that period, junior miners voted on Thursday. The 220-strong audience at the Junior Indaba, also gave a thumbs down to manganese, as the second commodity to be avoided at all costs by investors in the next 12 months. Read the full article here: http://www.polity.org.za/article/gold-will-outperform-iron-ore-to-be-avoided-junior-indaba-2016-06-02


Five pearls of wisdom Mining industry leaders share lessons with junior miners.
Mineweb / Sungula Nkabinde

With gold the only commodity seemingly immune to the perils of a price decline, miners are keen to share ideas on how to survive the storm. Junior miners, possibly feeling the most pressure, had a rare opportunity to get advice from experienced industry players on how to survive the downturn at the Junior Indaba, held at the Johannesburg Country Club, on Wednesday. Read the full article here: http://www.moneyweb.co.za/news/south-africa/five-pearls-wisdom/


Sibanye chief draws hard line on strike
Dineo Faku

Johannesburg - Sibanye Gold chief executive Neal Froneman has thrown down the gauntlet at unions, charging that the industry would no longer tolerate strikes as a means to push it into making compromises during negotiations. Froneman took a hard line against organised labour when he said Sibanye, South Africa’s biggest gold producer, would not be bullied into meeting what he called unsustainable demands. Read the full article here: http://www.iol.co.za/business/companies/sibanye-chief-draws-hard-line-on-strike-2029374


Junior miner warns of three evil monsters in the mining sector
Trust Matsilele / CNBC Africa

"The three evil monsters have taken root in South Africa and these are extortion, greed and entitlement,” said Humphrey Mathe, chief executive of Tranter Resources. Mathe made the comments addressing delegates attending the second edition of the Junior Indaba taking place in Johannesburg. Junior miners, in what has been described as one of the toughest years the industry will ever face, are exploring various opportunities. Mathe called for a more responsive action to ensure everyone receives a piece in South Africa’s bigger pie, and also in the region. “It is imperative to have inclusive institutions which create economic expansion and more widely held wealth," he said. Read the full article here: http://www.cnbcafrica.com/news/mining/2016/06/02/junior-miners-evil-monsters-mining-sector/

 

 


Are junior miners on life support?
Trust Matsilele / CNBC Africa

Junior miners are to some extent on life support - this is the analogy that was used to describe the challenges facing them, especially when it comes to funding. Funding has been muted and worsened by a slump in commodity prices and a slowdown in China. Abubekir Salim, Managing Director of Vunani Resources, said the company had evaluated over 20 projects in the recent history and had invested in only two. Salim made the comments at the Junior Indaba taking place in Johannesburg. The indaba is looking at strategic thinking and interactive conversations about the junior mining sector in Africa, with the intention of aiding the advancement and development of this sector. Read the full article here: http://www.cnbcafrica.com/news/mining/2016/06/02/junior-mining-life-support-harwood/


SA platinum sector set to cut unprofitable output
David McKay

SOUTH Africa’s platinum sector would deal more proactively with unprofitable production in the coming months as it was in a stronger position to do so, said Justin Froneman, CFO of Sibanye Gold’s platinum division. Speaking as part of a panel at the Junior Indaba, a conference being held at Johannesburg Country Club, Froneman said that in the past, the platinum sector kept production high in an effort to manage costs. “I can understand why miners kept the foot on the pedal to manage cost of supply, but it kept us back for longer than it should have. It’s the one commodity where we haven’t seen the kind of discipline that we should have seen,” he told the conference. Read the full article here: http://www.miningmx.com/top-story/27379-sa-platinum-sector-set-cut-unprofitable-output/

 


Deputy Minister calls for junior mining Migdett
Martin Creamer

JOHANNESBURG (miningweekly.com) – South Africa needed to establish a Migdett – a mining industry growth, development and employment task team – for the junior mining industry, which was crucial for future exploration success, Deputy Mineral Resources Minister Godfrey Oliphant said on Wednesday. Read the full article here: http://www.miningweekly.com/article/deputy-minister-calls-for-junior-mining-migdett-2016-06-01 


Now is time for Africa to take charge of mining destiny – Dlamini-Zuma
Martin Creamer

JOHANNESBURG (miningweekly.com) – Now is the time for Africa to take charge of its mining destiny, African Union (AU) Commission chairperson Dr Nkosazana Dlamini-Zuma told junior miners on Wednesday. Speaking at the Junior Indaba, the AU head drew repeated attention to the need for a new win-win approach to ensure that Africans benefited from the exploitation of natural resources by the private sector. Read the full article here: http://www.miningweekly.com/article/now-is-time-for-africa-to-take-charge-of-mining-destiny-dlamini-zuma-2016-06-01


Nigeria targeting 30% coal-based electricity
Martin Creamer

JOHANNESBURG (miningweekly.com) – Nigeria is targeting 30% of its electricity generation to be coal based. Speaking at the Junior Indaba in Johannesburg, Nigeria’s Solid Minerals Development Minister Dr Kayode Fayemi, represented by stand-in Alex Nwengbu, invited South African companies to invest in Nigeria to help the country achieve its coal-based power generation target. Read the full article here: http://www.miningweekly.com/article/nigeria-targeting-30-coal-based-electricity-2016-06-01


DMR satisfied with charter talks as industry meetings close
www.miningmx.com

SOUTH African deputy mines minister, Godfrey Oliphant, said it was unlikely the Department of Mineral Resources (DMR) would extend the consultation period with the country’s mining sector regarding proposals for a new mining charter. The mining sector, led by the Chamber of Mines (CoM), met with the DMR for about a from the beginning of this month to discuss changes to the mining charter gazetted in South Africa’s parliament on April 14. The consultation period was set for a month. Read the full article here: http://www.miningmx.com/top-story/27368-dmr-satisfied-charter-talks-industry-meetings-close/


Junior mining needs innovation
www.miningreview.com

The junior mining sector has become dependent on innovation across the board to have any chance of being operationally successful in the long run. Innovation in the junior mining space has become dependent on how quickly the sector can implement innovative technologies, develop new investment strategies, adapt in virgin territories and communicate clearly with community stakeholders. Read the full article here: http://www.miningreview.com/news/junior-mining-needs-innovation/

 


Sibanye hunting 300,000 oz/year African gold miner

David McKay

 

SIBANYE Gold was targeting a 200,000 ounce to 300,000 oz/year African (non-South African) gold mine or producing company as it sought to bolster its dividends first strategy.“If you are going to move into a new region it can’t be small,” said Neal Froneman, CEO of Sibanye Gold regarding his firm’s growth by acquisition strategy. “We can’t buy projects,” he said. Read the full article here: http://www.miningmx.com/top-story/27371-sibanye-hunting-300000-ozyear-african-gold-producer/


Burden of compliance hurting juniors: Petra’s Dippenaar
David McKay 

PETRA Diamonds CEO, Johan Dippenaar, said it would be “very difficult” to develop a junior mining firm like his in the current regulatory environment in South Africa. “These days there is no flexibility in applying the regulations,” said Dippenaar. “I don’t think there is much chance for companies like Petra to operate small assets and then get the expertise and grow into a larger company,” he said. Read the full article here: http://www.miningmx.com/top-story/27376-27376/


Wind of change in govt – Froneman

Martin Creamer

A positive wind of change was blowing through government in South Africa, Sibanye Gold CEO Neal Froneman said on Wednesday. Sibanye, which is mining gold and platinum and taking steps to generate its own coal-fired power at prices below the going rate, is showing faith in platinum while looking to benefit from a broader revival of commodities. Read the full article here: http://www.miningweekly.com/article/wind-of-change-in-govt-froneman-2016-06-01/rep_id:3650


Vital documents to mining industry will be finalised by November, Oliphant says

Allan Seccombe

TWO key documents for the South African mining industry are nearing completion, bringing certainty to the sector, Deputy Mineral Resources Minister Godfrey Oliphant says.The long-awaited amendments to the Mineral and Petroleum Resources Development Act will be finalised by November, Oliphant said at the Junior Indaba mining conference in Johannesburg on Wednesday.The draft amendments were returned to Parliament early in 2015 by President Jacob Zuma, highlighting a number of areas of concern that were unlikely to pass constitutional muster. Read the full article here: http://www.bdlive.co.za/business/mining/2016/06/01/vital-documents-to-mining-industry-will-be-finalised-by-november-oliphant-says


AU commission chair calls for beneficiation of African minerals
Trust Matsilele

The African Union Commission Chair, Nkosazana Dlamini-Zuma urged miners attending the Junior Indaba in Johannesburg, to make concerted efforts to ensure there is beneficiation of mineral resources within the region.She said the current weakening in commodities was being felt by Africans as more effects were hitting those exporting raw minerals and not value added goods. Read the full article here: http://www.cnbcafrica.com/news/mining/2016/06/01/au-commission-beneficiation-african-minerals/

 


Government aims to finalise Mining Charter, MPRDA by year end – Oliphant

Prinesha Naidoo

The Department of Mineral Resources feels as though it has “sufficiently consulted” on the draft Mining Charter and is unlikely to extend the consultation period any further, says Deputy Minister of Mineral Resources Godfrey Oliphant.“We’d love to stick to the deadlines so that there is certainty because we don’t want to keep the industry guessing all the time. We haven’t discussed it internally as to whether there might be an extension. It is unlikely, but if there is a need the minister can make that determination,” Oliphant told reporters on the sidelines of the Junior Mining Indaba. Read the full article here: http://www.moneyweb.co.za/news/industry/government-aims-finalise-mining-charter-mprda-year-end-oliphant/

 


Nigeria targeting 30% coal-based electricity

Martin Creamer

JOHANNESBURG (miningweekly.com) – Nigeria is targeting 30% of its electricity generation to be coal based. Speaking at the Junior Indaba in Johannesburg, Nigeria’s Solid Minerals Development Minister Dr Kayode Fayemi, represented by stand-in Alex Nwengbu, invited South African companies to invest in Nigeria to help the country achieve its coal-based power generation target. Read the full article here: http://www.engineeringnews.co.za/article/nigeria-targeting-30-coal-based-electricity-2016-06-01/rep_id:4136

 


The African continent must industrialise to create jobs: Dlamini-Zuma

http://www.southcoastnews.co.za/

African Union Commission chair, Dr Nkosazana Dlamini Zuma says its time the African continent does things differently, with regard to enhancing its resources and taking charge of its mining destiny. Addressing the Junior Mining Indaba held in Johannesburg, Dlamini Zuma also called for more investment in what she called the continents most precious resources – its young people. Read the full article here: http://www.southcoastnews.co.za/the-african-continent-must-industrialise-to-create-jobs-dlamini-zuma.../


Junior mining needs innovation

http://www.miningreview.com/

The junior mining sector has become dependent on innovation across the board to have any chance of being operationally successful in the long run. Innovation in the junior mining space has become dependent on how quickly the sector can implement innovative technologies, develop new investment strategies, adapt in virgin territories and communicate clearly with community stakeholders. Read the full article here: http://www.miningreview.com/news/junior-mining-needs-innovation


Amendments to mineral resources act near completion
Allan Seccombe

TWO key documents for the South African mining industry were nearing completion, bringing certainty to the sector, said Deputy Mineral Resources Minister Godfrey Oliphant. The amendments to the Mineral and Petroleum Resources Development Act would be finalised by November, Oliphant said at the Junior Indaba mining conference in Johannesburg. President Jacob Zuma returned the draft amendments to Parliament in January 2015, highlighting concerns unlikely to pass constitutional muster. Read the full article here: http://www.southcoastnews.co.za/the-african-continent-must-industrialise-to-create-jobs-dlamini-zuma.../

 


THE INSIDER: Taking the donkey work out of street cleaning
THE INSIDER / BD Live

RESIDENTS of the northeastern Kenyan town of Wajir are so proud of their new tarred road that they want donkeys, an important component of the town’s transport economy, to wear nappies so they don’t defecate on it. The BBC reported that the town’s faeces-management project was explained in a letter to donkey-cart owners aimed at "avoiding poop all over the tarmac road, creating nuisance". Wajir’s donkeys will henceforth wear nappies — not the Huggies or Pampers varieties made for human babies, but a much bigger sort which, judging from a picture, the owners themselves make from plastic sheeting. Read the full article here:http://www.bdlive.co.za/opinion/columnists/2016/06/02/the-insider-taking-the-donkey-work-out-of-street-cleaning


Junior mining indaba: Jumping through hoops
Financial Mail

THE regulatory and funding environment for junior mining and exploration companies operating in SA should be changed to encourage the development of minerals to ensure the country’s mining future. Speaker after speaker at the Junior Mining Indaba last week spoke of the difficulties not only in the global environment of mineral exploration and running a small mining company but of how these difficulties are compounded in SA. Read the full article here: http://www.financialmail.co.za/moneyinvesting/2015/06/18/junior-mining-indaba-jumping-through-hoops


Junior miners should find strength in numbers – consultant
Mining Weekly

JOHANNESBURG – Emerging miners should join associations, share information and facilities and jointly procure the services they needed to enable them to remain competitive and sustainable, a Chamber of Mines (CoM) consultant suggests. During a presentation at the University of the Witwatersrand School of Mining’s Centre for Sustainability in Mining and Industry, CoM techno-economics consultant Dick Kruger said the chamber engaged in a number of projects to assist junior miners, including an emerging miner mentorship programme that provided financial and marketing support. Read the full article here: http://www.miningweekly.com/article/junior-miners-should-find-strength-in-numbers-consultant-2015-06-11


THE INSIDER: Questions and answers all in a spin
The Insider / BD Live

The recent Junior Indaba focusing on junior mining and exploration companies delivered some notable gems under the chairmanship of Bernard Swanepoel, the well-known funny man of mining. Peter Major, the outspoken fund manager from Cadiz, asked Swanepoel to rephrase his question of "where the juniors screw up". Without missing a beat, Swanepoel said, "Why don’t you rephrase it for me and then I’ll rephrase your answer." Read the full article here: http://www.bdlive.co.za/opinion/columnists/2015/06/10/the-insider-questions-and-answers-all-in-a-spin


What South Africa can copy to stimulate junior mining
Mineweb

A few examples, from other nations, of how regulations can be improved to secure the future of the country’s mining sector. South Africa could learn a thing or two from other countries when it comes to creating an enabling environment for junior miners. This was one of the themes that emerged from the Junior Mining Indaba, held last week. Read the full article here: http://www.mineweb.com/regions/africa/south-african-junior-miners-hamstrung-by-red-tape/


Jobless mining engineering graduates plead for look in
Mining Weekly

JOHANNESBURG – Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society of Mining Engineering Students independent presidential adviser Smangaliso Musawenkosi outlined the current difficulty mining engineering graduates have in finding employment in mining. Read more here: http://www.miningweekly.com/article/jobless-mining-engineering-graduates-plead-for-look-in-2015-06-08


Room for junior miners in the SA mining space
Chantelle Kotze / Mining Review

“We need to be aggressive in developing a junior mining sector in South Africa,” Chamber of Mines of South Africa (CoM) president Mike Teke told mining industry delegates on the first day of the Junior Indaba in Johannesburg. In his keynote address on the importance and future of the exploration and junior sectors in the mining industry, he said there is sufficient room for juniors among the majors in South Africa’s mining industry. Read the full article here: http://www.miningreview.com/room-for-junior-miners-in-the-sa-mining-space/


Lack of Capital for all Junior Mining Companies
Business Day TV

Keith Scott, MD of MSA Group and co-founder of The Junior Indaba, discusses the outlook for smaller mining companies in the face of weak commodity prices and changing regulations. Watch the video here: http://www.businessdaytv.co.za/shows/newsleader/2015/06/04/lack-of-capital-for-all-junior-mining-companies


The Junior Indaba
Engineering News

Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about the Junior Mining Indaba. Watch the video here: http://www.engineeringnews.co.za/article/the-junior-mining-indaba-2015-06-04


South Africa's geoscience 'desperately' underfunded - Nedbank Capital
Mining Weekly

JOHANNESBURG (miningweekly.com) – Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the countercyclical times, when the industry is not doing well. Read the full article here: http://www.engineeringnews.co.za/article/south-africas-geoscience-desperately-underfunded-nedbank-capital-2015-06-05


Ibhubesi gas supply deal with Eskom expected before year-end
Mining Weekly

JOHANNESBURG – ASX-listed Sunbird Energy, which is developing the Ibhubesi natural gas project offshore of the Western Cape, expects to sign a gas supply agreement with State power utility Eskom before the end of this year and to bring on a volume of gas earlier than originally planned. Read the full article here: http://www.miningweekly.com/article/ibhubesi-gas-supply-deal-with-eskom-expected-before-year-end-2015-06-04


Junior miners ruined funding prospects during the boom
Mineweb

Money wasn’t put to good use when it was readily available. The last resources boom covered up the frailties of South Africa’s junior mining and exploration sector. This was a recurring theme at the inaugural Junior Mining Indaba held at Turbine Hall in Newton, Johannesburg, on Wednesday. Keith Scott, managing director of The MSA Group, said that as a result of the peak of the commodities cycle, which saw commodity prices rising rapidly, the market turned a blind eye to the quality of the project and the quality of management. Read the full article here: http://www.moneyweb.co.za/news/industry/junior-miners-ruined-funding-prospects-during-the-boom/


Dishonest DMR view "regrettable", says Govt
David McKay / Mining Mx

South Africa's chief inspector of mines, said it was "regrettable" junior mining companies operating in the country thought honest discussions with the government were not possible, at least some of the time. Msiza was responding to a live poll at The Junior Indaba conference in Johannesburg today in which 31% of some 200 delegates said they could not do "honest business" with the Department of Mineral Resources (DMR).

Read the full article here: http://www.miningmx.com/page/news/markets/1652067-Dishonest-DMR-view-regrettable-says-Govt#.VXB-R42JhYd 


Chamber president calls for junior consolidation
Engineering News

JOHANNESBURG (miningweekly.com) – The fragmentation of junior mining in South Africa should be brought to an end through consolidation, Chamber of Mines of South Africa president Mike Teke urged on Wednesday.  Addressing the Junior Indaba conference on the strategic importance of exploration and the junior sectors of the mining industry, Teke encouraged junior miners to become members of the chamber. Read the full article here: http://www.engineeringnews.co.za/article/chamber-president-calls-for-junior-consolidation-2015-06-03


Survey reveals distrust between miners and department
Allan Seccombe / BD Live

AN ANONYMOUS survey done among 200 delegates attending a junior mining conference on Wednesday showed that a third thought they could not do “honest business” with the Department of Mineral Resources. Another 45% of delegates from junior mining and exploration companies, financiers and service providers thought it was possible “sometimes” to do honest business with the department that regulates the industry and issues mining and prospecting rights. Read the full article here: http://www.bdlive.co.za/business/mining/2015/06/03/survey-reveals-distrust-between-miners-and-department


Junior miners perceive Botswana as best investment destination
Mining Weekly

JOHANNESBURG (miningweekly.com) – Botswana is the easiest country in which to carry out junior mining activities, a digital vote declared on the first day of the Junior Indaba here on Wednesday. Botswana received the highest vote from the 160 people attending the conference. Botswana at 42% of the digital vote had double South Africa’s 21%, with Namibia coming in at 16%. Read full article here: http://www.miningweekly.com/article/junior-miners-perceive-botswana-as-best-investment-destination-2015-06-03


Investment conference organiser Resources 4 Africa’s inaugural Junior Indaba aims to serve as a platform to highlight all the crucial issues faced by junior mining companies in Africa.
Mining Weekly

The conference will take place at the Turbine Hall, in Newtown,Johannesburg, from June 3 to 4 and bookings for the event have already opened. Resources 4 Africa says the strategic importance of exploration and junior mining in Africa will be given centre stage at the Junior Indaba. “High on the agenda will be the global capital crisis and the much-needed new and innovative global solutions.” Read full article here: http://www.miningweekly.com/article/inaugural-junior-indaba-set-for-june-2015-03-20


Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

Mining Weekly


JOHANNESBURG – South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people, KPMG corporate tax head Muhammad Saloojee pleaded on Tuesday. “That’s the model we’ve got to start working on, bringing all those factors into account,” said Saloojee, who spoke to Creamer Media’s Mining Weekly Online on the sidelines of the 2015 Breakfast Conversation, which was staged as a prelude to the upcoming Junior Indaba, in Johannesburg, on June 3 and 4. He pleaded for taxation thought leadership to be expounded widely ahead of the imminent publication of the first draft report of the Davis Committee on Tax. Read full article here: http://www.miningweekly.com/article/seize-opportunity-to-improve-mining-tax-pleads-kpmgs-saloojee-2015-03-24 


Mining Indaba still 'relevant as ever' - analyst
Mineweb

Bernard Swanepoel, Village Main Reef chairman and chairman of the Johannesburg Mining Indaba, says the size of the Cape Town showcase (more than 7 000 delegates expected to attend this year) makes it “a fantastic money spinner for the owners” and for the City of Cape Town from a tourism perspective. But he maintains that very little will come of it in terms of dealing with critical issues facing the industry. Read the full article here: http://www.mineweb.com/mining-indaba-analysis/mining-indaba-still-relevant-ever-analyst/#.VNe0Sq4MNuh.linkedin


Swanepoel on BEE and lack of juniors
Giulietta Talevi

The state of the nation address and the Investing in Africa Mining Indaba, which took place in Cape Town earlier this month, have dominated headlines. Bernard Swanepoel, former Harmony Gold CEO and chairman of The Joburg Indaba, which takes place in October, shares his thoughts. Read the full article here:  http://www.timeslive.co.za/businesstimes/2015/02/22/swanepoel-on-bee-and-lack-of-juniors



Dr Mathews Phosa's Speech - Junior Indaba 2017

I highly appreciate being given the opportunity to address you here today. I want to deal with two issues in my address namely, firstly, the innability and unwillingness of the ANC and our government to address deeply imbedded corruption and secondly, what we as South African’s should do to move posivitely forward.


Read the full article here: DR Mathews Phosa



Mining industry needs to Stop. Think … Act: PwC Mine 2017 report


According to PwC’s Mine 2017 report, the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and draw breath.

As it looks to the future, the 14th edition of PwC’s industry series analysing financial performance and global trends, also outlines the new opportunities and hazards on the horizon – and the impact of intransigent or innovative activity.

Mine 2017 was released by PwC Africa today at the Junior Indaba conference held in Johannesburg.

Michal Kotzé, Energy, Utilities and Mining Industry Leader for PwC Africa, commented: “The narrative of the Top 40 in 2016 tends to read like a mine site safety mantra: Stop. Think … Act. The industry has moved out of danger but 2016 was not a year of significant action, and we now wait to see who will be bold and step out beyond the fluctuating market confidence.”

The report analysed 40 of the largest listed mining companies by market capitalisation. The financial information for 2016 covers the reporting periods 1 April 2015 to 31 December 2016, with each company’s results included for the 12-month financial reporting period that falls into this time frame. The number of emerging companies included in the Top 40 has decreased by two and now totals 17. There were seven new entrants from the previous year, five of which had made appearances on previous rankings in either 2014 or 2015. First Quantum and Teck Resources re-emerged on the 2016 list after strengthening their financial positions.

The report recognises a return to profitability in 2016, with an aggregate Top-40 net profit of $20 billion; after an aggregate loss of $28 billion in 2015. The improved fortunes of the industry were then directed to strengthening balance sheets.

 


Read the full article here: PwC Mine 2017 press release



Make Juniors great again!

Johannesburg (25 May 2017)

Junior mining companies have certainly been through a tough time of late. Some of the pain has been self-inflicted, some has been a long-time coming and some of it has been pure bad luck! That’s the way cycles go and the world will hopefully soon discover that it cannot do without Junior miners. So how do we make Juniors great again?


Read the full article here: Make Juniors great again!

Junior mining set to benefit from resurgence in sector
Johannesburg (2 May 2017)

After several years of a downturn in the mining and mineral resources sector, green shoots continue to appear off the back of a recovery in commodity prices which began in 2016, with a corresponding improvement in investor sentiment. 
The general sentiment is that a recovery is underway in the resources sector and for the mining sector to secure a sustainable future, smaller projects are the way forward. “The bottom line is we are in a new ‘bull’ market that is just moving into the second innings and will this time likely be hot for the next 8 to 10 years” states Alan Clegg, Chairman, Shumba Energy.


Read the full article here: Junior mining set to benefit from resurgence in sector