Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government, business and labour effort in South Africa and the Democratic Republic of [...]

De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a number of South African provinces.

South Africa is looking to spend-billions of rand to secure energy from megaprojects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity. The government has signaled a willingness to buy 5 000 MW of power from a planned $18-billion hydropower project in the Democratic Republic [...]

At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the European Union (EU). At that time, the UK had been a [...]

It is time for Africa to make itself and its people prosperous by using its mineral wealth and modern technology to create a new world shorn of greed and stupidity, Ghana President Nana Akufo-Addo said on Monday. In an opening address on the second day of the Investing in African Mining Indaba, Akufo-Addo decried the [...]

The Pretoria High Court will, on Wednesday, hear an application brought by environmental organisations, groundWork and Earthlife Africa, for the handover of various documents relating to the judicial review of the environmental authorisations granted to two coal-fired power station preferred bidders. The power stations – Tabametsi and Khanyisa – are part of the Coal Baseload [...]

Investors must be shown that there are opportunities to make money and that is what we offer them in the South African mining industry, Minister of Mineral Resources Gwede Mantashe said on Tuesday. He was one of the guest speakers at a roundtable hosted by the Department of Trade and Industry (dti) on the sidelines [...]

The Aveng Strabag joint venture (ASJV) has decided to terminate the Mtentu bridge contract, in the Eastern Cape. The 1.1 km, R1.65-billion bridge forms part of the South African National Roads Agency Limited’s (Sanral’s) N2 Wild Coast road project.

South African civil-society organization Corruption Watch said it has launched an application in the High Court of Pretoria to have former Eskom board members declared delinquent. The application “focuses on the violation of fiduciary duties and gross negligence on the part of former board members,” the Johannesburg-based Corruption Watch said in an emailed statement on [...]

When Eskom had 32 000 employees, debt of R40-billion and an output of 40 000 MW, it was a world-beater, Eskom group CE Phakamani Hadebe said on Monday. But its current employee level of 47 000 employees, debt of R440-billion and output of only 48 000 MW are presenting major turn-around challenges.

Coal production, exports and investment in the industry have remained stagnant since 2008, despite higher export prices and South Africa’s abundant coal reserves, says the Minerals Council South Africa. “Even as the coal export price soared, export volumes failed to respond,” Minerals Council senior economist Bongani Motsa said during a coal conference, in Cape Town, [...]

State-owned electricity utility Eskom is warning that its loss for 2018/19 will be worse, at R20-billion, than the R15-billion loss it had projected earlier and that it will be followed by another big loss in 2019/20 even if it receives hikes it is currently seeking from the regulator. CFO Calib Cassim announced the revised earnings [...]