Sibanye Gold may cut over 6 000 jobs after losses

Sibanye Gold said consultations over restructuring unprofitable gold-mining operations in South Africa could lead to more than 6 000 job losses. Sibanye said earlier this week that it was considering shutting unprofitable shafts and cutting jobs at its South African gold mines amid a three-month-old wage strike that’s curbing output.

Read More

How mines cope with power cuts

South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output. Although Eskom – which supplies around 90% of power in Africa’s most industrialised economy – paused the blackouts on Friday for the first time in five days, it warned that its creaking infrastructure could buckle at any time. A decade ago, the state utility ordered mining houses to evacuate all underground…

Read More

Mining must improve relations with communities

Mineral Resources Minister Gwede Mantashe has called for improved relations between mining companies and communities in which they operate. “Mining companies must leave a positive legacy in areas where they operate, and positively coexist with the community, environment, and other economic sectors,” said Mantashe. The Minister’s comments follow from his in-loco inspection at Mineral Sands Resources’ Tormin mine outside Vredendal in the Western Cape on Friday. Mantashe visited the mine to check its level of compliance with environmental, social and labour plans, transformation as well as health and safety imperatives.…

Read More

SA Government Prioritises Investment in the Mining Sector and Mineral Beneficiation

The Minister of Trade and Industry, Dr Rob Davies says the South African government has prioritised investment and mineral beneficiation due to its capacity to grow the economy and create jobs. Minister Davies was speaking at the South African Mining Investment Roundtable that took place on the margins of the Mining Indaba in Cape Town. The purpose of the roundtable which was organised by the South African government was to provide potential investors from targeted countries with the opportunity to interact with the South African political and business leadership in…

Read More

The mine of the future has arrived

This would’ve been the stuff of wild imaginings just a few years ago: a fully automated mine with not a soul in sight, except in a control room located on the surface. Operating at more than a kilometre underground at the Syama mine in Mali, driverless laser-guided vehicles make their way from the surface along decline ramps to rendezvous with driverless loaders to collect ore and return to the surface where it is crushed, milled and processed. “This is a world first for automated mining,” says John Welborn, CEO of…

Read More

Ma’aden eyes fertilizer, copper investment

Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries. The gold sector will be a hot topic this year, after two giant deals reignited interest in bullion producers, prompting speculation over who might be next. Investors attending the event will be looking for indications of progress in industry disputes with the governments of countries including Tanzania, the Democratic Republic of Congo and Zambia. Tailings dams are also in the spotlight, after Vale…

Read More

Changing the narrative around SA mining

The last few years have been extremely challenging for the South African mining industry. Investment into the sector has been weak and many projects have stalled. “Companies have been focusing on optimising their portfolios of assets, strengthening their balance sheets, and being very disciplined in spending capital,” says Greg Webber, co-head of mining and resources at Nedbank CIB. “There has been a large shift to cost cutting. Coupled with that, access to the local equity and bond markets has largely been closed for mining companies. It has been an ‘investment…

Read More

the dti to Host SA Investment Roundtable at the Africa Mining Indaba

The Department of Trade and Industry (the dti), in collaboration with the Department of Mineral Resources (DMR) and Brand South Africa will host the South African Investment Roundtable on the margins of the 25th annual Investing in the African Mining Indaba in Cape Town on 5 February 2019. Team South Africa’s theme for this year’s Indaba is Invest in South African Mining. The purpose of the roundtable is to provide potential investors from targeted countries with the opportunity to interact with the South African political and business leadership in order to…

Read More

At least three killed in accident at Sibanye mine

Three workers have been killed underground a mine owned by Sibanye-Stillwater  and two others are still missing, the company said on Monday. According to a statement by the mine, five workers had entered an “abandoned working place” at Kloof Ikamva shaft, south of Johannesburg. “Sadly, three employees have been retrieved and declared deceased,” the statement read. “Mine rescue teams are still searching for two employees.” The company did not provide details as to what the workers were doing in an abandoned area. The Monday accident is the latest to hit the…

Read More

Minister Gwede Mantashe officially opens first mining summit in KwaZulu-Natal, 18 Apr

KwaZulu-Natal has organised a ground-breaking mining summit aimed at unlocking opportunities for small enterprises, buddying miners and emerging industrialists along the mining industry value chain. The summit, which will be officially opened by the Department of Mineral Resources Minister Mr Gwede Mantashe, will be characterized by high level inputs from various stakeholders in the mining space in order to ensure a more rapid inclusion of more Black Africans in this lucrative sector. Outlining the importance of the summit, Economic Development, Tourism and Environmental Affairs MEC, Mr Sihle Zikalala said: “We…

Read More