In The News



Platinum has best price improvement prospects – Major 

Martin Creamer- Mining Weekly

Platinum has better price improvement prospects than virtually any other commodity, Cadiz Corporate Solutions mining director Peter Major said on Thursday. 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.

 http://www.miningweekly.com/article/platinum-has-best-price-improvement-prospects-major-2017-04-06/rep_id:3650

 


Mining lost in deep, dark hole 
07 April 2017 - Charlotte Mathews

More transparency was needed from SA’s mining industry and the government, including asking what happened to the 8,000 or so mining permits that were granted about seven years ago and did not result in a single new project, Joburg Indaba chairman Bernard Swanepoel said on Thursday. Under the "use it or lose it" principles of the Mineral and Petroleum Resources Development Act, holders of prospecting or mining permits must be active or lose their permits, in so doing opening up opportunities for others. https://www.businesslive.co.za/bd/companies/mining/2017-04-07-mining-lost-in-deep-dark-hole/ 

South Africa must begin to take mining seriously, consult on issues – Manuel
Martin Creamer- Mining Weekly

South Africa must begin to take the mining industry seriously and consult on the issues, former Finance Minister Trevor Manuel said on Wednesday.In a keynote address to the Joburg Indaba, Manuel pointed out that foreign direct investment into South Africa had fallen to a fraction of what it was and from being number one in gold in the world to seventh position. “It’s not a happy place to be and if we don’t have discussions we will be betraying future generations,” he said. Infrastructure challenges remain with the country not knowing how big the energy crisis is, as mining output is so low, and transport costs remain an issue.The metrics for iron-ore and coal have changed in a short space of time and there are ongoing environmental issues long after the mines have closed, such as acid mine drainage. http://www.miningweekly.com/article/south-africa-must-begin-to-take-mining-seriously-consult-issues-manuel-2016-10-05


Manuel: Corruption, non-compliance dogging SA mining
Lameez Omarjee

Johannesburg – Corruption and the failure to comply with regulation plagues the mining sector, former finance minister Trevor Manuel said on Wednesday at the Joburg Indaba held in Sandton. Discussing what can be done to ensure the sustainability of the mining sector, Manuel highlighted the challenges that threatened this. “If we do not have this conversation we will shoot future generations in the foot,” said Manuel. He was referring to infrastructural challenges, environmental depletion caused by mining operations, corruption in the sector and regulatory uncertainties. The landscape of the mining industry is different from that of other sectors, which requires different things to be done to deal with challenges in the industry. Water licensing was one of the issues he raised. “There are ongoing environmental issues long after mines have closed,” he said. http://www.fin24.com/Economy/Mining-Indaba/manuel-corruption-non-compliance-dogging-sa-mining-20161005


Godongwana: Nationalisation talk has hurt mining
Lameez Omarjee

Johannesburg - The ANC has influence over mining sector policy but has not been helpful in this area, ANC official and former economic development minister Enoch Godongwana said at the Joburg Indaba held in Sandton on Wednesday. Godongwana was highlighting the role of the ANC government in making the mining industry a key driver of the economy. “[The ANC] spent two years debating the nationalisation of the mining industry. We allowed the debate to continue for two years, to the detriment of the industry,” he said. “We all have agreed that a lack of common vision for the industry creates challenges.” Godongwana said that a way to grapple with the challenges facing the industry is to develop a strategic vision. This forms part of government’s Vision 2030, National Development Plan (NDP), he said. “We should not be lukewarm when it comes to the NDP,” he added. http://www.fin24.com/Economy/Mining-Indaba/godongwana-nationalisation-talk-has-hurt-mining-20161006


Improving labour relations requires trust - Chamber of Mines
Lameez Omarjee

Johannesburg – Trust is at the centre of improving labour relations in the mining industry, according to Andile Sangqu, vice president of the South African Chamber of Mines. Sangqu spoke to Fin24 at the Joburg Indaba held on Wednesday in Sandton. He said it is necessary to have good relationships with unions and employees to boost productivity in the sector. “We need an engaged workforce. We need to communicate and discuss the strategy and vision with workers,” he said. Part of building relationships with workers involves acknowledging the wrongs that have taken place in the past. “There are a lot of legacy issues … we need to commit ourselves to work together with labour to create solutions.” Sangqu added that a number of mining companies are engaging with labour. “Those relationships are changing and coming right.” He added that engagements should not only be “transactional” and happen only during the wage negotiation season.http://www.fin24.com/Economy/Mining-Indaba/improving-labour-relations-requires-trust-andile-sangqu-20161006

 


Ownership issue must be settled out of court - Godongwana
Sungula Nkabinde

JOHANNESBURG - The ANC’s head of economic transformation Enoch Godongwana, believes the controversial ‘once empowered, always empowered’ debate is too complex to be settled in the courts. In its current form, the Mining Charter does not recognise empowerment deals done after 2002 and requires companies to continue to empower black people to maintain 26% ownership, even if those beneficiaries sell their assets thereby dissolving black ownership. It is the subject of a court battle between the Department of Mineral Resources and the Chamber of Mines of South of South Africa, whereby a declaratory order has been sought. Speaking at the Joburg Indaba on Wednesday on what the ruling party should be doing to aid the ailing mining sector, he said the issue was too complex to be resolved . Because, if black investors want to realise the value of their assets, they should not be prevented from doing so, just because the transaction would have implications for the empowerment status of a company. At the same time, he is sensitive to the concerns of mining companies. http://today.moneyweb.co.za/article?id=619421#.WAiXu-h95QI 


Zuma 'sponsor-in-chief of corruption' must go: Sipho Pityana’s speech to the Mining Indaba
Times Live

Good morning friends, colleagues and members of the press.

There are very few among us in this room who would dispute that South Africa is in crisis. It’s a crisis spanning the economy, society, and the political sphere. It’s a crisis fueled by patronage, corruption, mismanagement, unchecked power and widespread apathy. It is a crisis that compels me to persist with my call urging every proud citizen to join the movement to save South Africa.It is perhaps the most important Constitutional duty of any President to protect the sovereignty of a nation. Yet it is this sovereignty, the very independence of our republic, that I believe is being threatened by widespread graft and malign influence on parts of our government, by entrenched vested interests. That, in my view, is the elephant in the room. http://www.timeslive.co.za/politics/2016/10/05/Zuma-sponsor-in-chief-of-corruption-must-go-Sipho-Pityana%E2%80%99s-speech-to-the-Mining-Indaba


Pityana dubs Zuma “sponsor of corruption” in breathtaking attack
Brendan Ryan - Miningmx

ANGLOGOLD Ashanti chairman, Sipho Pityana, today launched an all-out attack on President Jacob Zuma calling for his immediate departure from office and describing him as a man “who cannot be trusted”. Pityana was speaking at the Joburg Indaba conference being held in Sandton and he launched his attack on Zuma after being warned from the podium by the speaker ahead of him – deputy minister of mineral resources Godfrey Oliphant – to tone down his comments. Oliphant said: “You can’t take South Africans to the ballot box. The president has to run his term. If you carry on like that we will return in kind”. In response Pityana stated flatly: “I have been asked to behave myself but, sorry deputy minister, Zuma must go for the sake of the country. The elephant in the room is a president who lacks integrity; the elephant in the room is a president who is without honour”.http://www.miningmx.com/news/markets/28138-pityana-calls-zuma-sponsor-corruption-breathtaking-attack/ 

 


“I have committed an act of treason” – Sipho Pityana
Miningne.ws -Phila Mzamo 

Sipho Pityana, chairman, AngloGold Ashanti addressing the audience at the Joburg Indaba, announced that he came to address the ‘elephant in the room’.He proceeded to speak against South African President, Jacob Zuma, accusing him of being a sponsor of corruption.He spoke about how and why South Africa has fallen into state capture, and has put the blame on Zuma, saying corruption is threatening SA’s sovereignty, and the President is either ‘missing in action’ or at the heart of the problem.The chairman foregrounded education as a massive tool of empowerment, and urged the business community to play its part as it has a big role to play in South Africa against state capture. “State capture is another South Africanism destined for global infamy,” he stated.http://www.miningne.ws/2016/10/05/i-have-committed-an-act-of-treason-sipho-pityana/

 


Zuma Must Go – AngloGold Ashanti Chair States
Business Day

Gold major AngloGold Ashanti chairperson Sipho Pityana strongly advocated for new leadership, transparency and good governance at this year’s Joburg Indaba currently underway in Gauteng. Pityana, who received a standing ovation at the one of the major events on the mining calendar for Gauteng on Wednesday, 5 October, labelled South Africa’s President Jacob Zuma as a president “who lacks integrity”, “without honour” and a “chief of corruption.” “We’ve also seen churches voice their concern at our leadership and the state of our nation. Civil society is speaking out, with a growing chorus including non-governmental organisations, students and academics. We have seen more urgency from opposition political parties, and there is a growing clamour on social media saying one thing, which I agree with “Zuma must go”. http://www.businessmedialive.co.za/zuma-must-go-anglogold-ashanti-chair-states/

South African mining
Hotly debated future for South African mining
Mining Prospectus

Ahead of the fourth edition of the Joburg Indaba, stakeholders of the mining industry are upbeat and focused on becoming internationally competitive to secure the future of this key driver of the South African economy. One of the central themes at this year’s Joburg Indaba is what the mining industry is doing to attract investment into their own companies in this sector. “Instead of pointing externally we are focusing on how we, as an industry, can better manage elements that are in our control, be they productivity, costs, safety, volumes, growth and expansion,” states Joburg Indaba chairman, Bernard Swanepoel. This year’s sold out event has attracted a full house of regulators, CEOs, labour, analysts, investors and suppliers to the industry. http://www.miningprospectus.co.za/articles/south-african-mining-19550.html


Govt working on out-of-court charter settlement – Deputy Minister
Martin Creamer- Mining Weekly

JOHANNESBURG (miningweekly.com) – President Jacob Zuma has instructed the government to work hard to arrive at an out-of-court settlement on Mining Charter Three, Mineral Resources Deputy Minister Godfrey Oliphant disclosed on Wednesday. Speaking at the Joburg Indaba, Oliphant said that the intention was to finalise the issue by the end of October. The Deputy Minister’s comments come against the background of the Chamber of Mines of South Africa and the government attempting to find each other, not in the courts, but through negotiation and engagement, on how best to ensure due acknowledgement of mining companies who over the years have assisted in taking forward the national imperative of black economic empowerment (BEE) ownership of mining companies. http://www.engineeringnews.co.za/article/govt-working-on-out-of-court-charter-settlement-deputy-minister-2016-10-05

 


Create unresistable force with labour to bring about mining change – Godsell
Martin Creamer- Mining Weekly

JOHANNESBURG (miningweekly.com) – Organised labour is more willing to fix mining than at any time in the past, formerAngloGold
Ashanti CEO Bobby Godsell contended on Wednesday.Speaking at the Joburg Indaba, Godsell urged a coalition of the willing to create an unresistable force with labour to shame the government into coming to the table to make the necessary changes in mining. “AMCU, NUM, UASA and Solidarity are more willing to fix the industry than at any time in the past,” Godsell said of the Association of Mining and Construction Union (AMCU), the National Union of Mineworkers (NUM), the United Association of South Africa (UASA) and the Solidarity labour unions. 
unions.http://www.miningweekly.com/article/create-unresistable-force-with-labour-to-bring-about-mining-change-godsell-2016-10-05/rep_id:3650

 


IT’S been two years since former Impala Platinum marketing executive Derek Engelbrecht announced early stage plans to mint a Nelson Mandela platinum coin. Since then, while the platinum producers have managed to convince Austria to introduce a platinum coin, they have failed to do so in South Africa.

“!t really does boggle the mind as to why we cannot do that immediately,” said Anglo American Platinum CEO, Chris Griffith, when interviewed on the sidelines of the Joburg Indaba. He had earlier given a presentation on the platinum industry’s initiatives to grow demand for the metal in its three main markets: autocatalyst, jewellery, and investment.

The investment market accounts for only 4% of platinum demand. Consequently, the platinum producers are looking to expand it through the work of an organisation called the World Platinum Investment Council (WPIC) by marketing platinum coins and bars.


Ownership issue must be settled out of court - Godongwana
Sungula Nkabinde

JOHANNESBURG - The ANC’s head of economic transformation Enoch Godongwana, believes the controversial ‘once empowered, always empowered’ debate is too complex to be settled in the courts. In its current form, the Mining Charter does not recognise empowerment deals done after 2002 and requires companies to continue to empower black people to maintain 26% ownership, even if those beneficiaries sell their assets thereby dissolving black ownership. It is the subject of a court battle between the Department of Mineral Resources and the Chamber of Mines of South of South Africa, whereby a declaratory order has been sought. Speaking at the Joburg Indaba on Wednesday on what the ruling party should be doing to aid the ailing mining sector, he said the issue was too complex to be resolved . Because, if black investors want to realise the value of their assets, they should not be prevented from doing so, just because the transaction would have implications for the empowerment status of a company. At the same time, he is sensitive to the concerns of mining companies.http://today.moneyweb.co.za/article?id=619421#.V_zKEuh97IU


Godongwana: Nationalisation talk has hurt mining
Lameez Omarjee

Johannesburg - The ANC has influence over mining sector policy but has not been helpful in this area, ANC official and former economic development minister Enoch Godongwana said at the Joburg Indaba held in Sandton on Wednesday. Godongwana was highlighting the role of the ANC government in making the mining industry a key driver of the economy. “[The ANC] spent two years debating the nationalisation of the mining industry. We allowed the debate to continue for two years, to the detriment of the industry,” he said. “We all have agreed that a lack of common vision for the industry creates challenges.” Godongwana said that a way to grapple with the challenges facing the industry is to develop a strategic vision. This forms part of government’s Vision 2030, National Development Plan (NDP), he said. “We should not be lukewarm when it comes to the NDP,” he added. The mining charter is expected to be finalised by the end of October. http://www.fin24.com/Economy/Mining-Indaba/godongwana-nationalisation-talk-has-hurt-mining-20161006

 


Corruption erodes investment opportunities - mining CEO
Fin24-Lameez Omarjee

Johannesburg – To attract investment, mining companies can build a solid business, however, investors are most perturbed by corruption. This is according to Steve Phiri, CEO of Royal Bafokeng Platinum, who was speaking at the Joburg Indaba, held in Sandton on Wednesday. Phiri was part of a panel discussion with CEOs Neal Froneman of Sibanye Gold, Chris Griffith of Anglo American Platinum and Nick Holland of Gold Fields. “If you do not have a good relationship with government and a sustainable regulatory environment, investors run fast from you,” said Phiri. He explained that investors are concerned when they see “morality collapsing”. “People are concerned if their investment is not protected and safe.” http://www.fin24.com/Economy/Mining-Indaba/corruption-erodes-investment-opportunities-mining-ceo-20161005 




Amcu-hoof: Daar ís geld vir gratis onderwys
Elvira Wood-Netwerk24

Joseph Mathunjwa het op die Joburg Indaba gepraat oor loononderhandelinge, ’n leefbare loon en #FeesMustFall http://www.netwerk24.com/Sake/Mynbou/amcu-hoof-daar-is-geld-vir-gratis-onderwys-20161006


Transparency only way to win mineworker trust – Motlatsi
Mining Weekly-Martin Creamer

The only way to win the trust of mineworkers is for the mining business to become open and transparent, former National Union of Mineworkers (NUM) president DrJames Motlatsi said on Thursday.Speaking at the Joburg Indaba, Motlatsi shared the podium with Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa in a discussion of mining’s legacy and investment issues.http://www.miningweekly.com/article/transparency-only-way-to-win-mineworker-trust-motlatsi-2016-10-06


Sipho Pityana faces down Godfrey Oliphant’s warning at Joburg Indaba
By Allan Seccombe, www.bdlive.co.za

IN THE face of a hostile reception and a warning from the deputy mines minister, AngloGold Ashanti chairman Sipho Pityana said President Jacob Zuma was the “sponsor in chief of corruption” in the government and had to go.

Godfrey Oliphant, the deputy mineral resources minister, said at the opening of the third Joburg Indaba, a mining conference, that he did not want to hear continued criticism of the government without any solutions offered and that a change in presidency could not be forced.

“If you carry on like that we will return in kind,” he said.
http://www.bdlive.co.za/national/2016/10/05/sipho-pityana-faces-down-godfrey-oliphants-warning-at-joburg-indaba


AngloGold chair calls on business to seize moment, demand Zuma’s resignation
miningweekly.com

Johannesburg – South African business and civil society should seize the moment and demand the resignation of head of State President Jacob Zuma, who is the "sponsor-in-chief of corruption" in South Africa, AngloGold Ashanti chairperson Sipho Pityana said on Wednesday. In a keynote address at the Joburg Indaba, Pityana received a standing ovation after drawing attention to South Africa being in political and economic crisis, fuelled by corruption.


http://www.engineeringnews.co.za/article/anglogold-chair-calls-on-business-to-seize-moment-demand-zumas-resignation-2016-10-05

 


All hands on deck for mining turnaround
by Phila Mzamo

The keynote address by Neal Froneman, CEO of Sibanye Gold and Vice President of the Chamber of Mines of South Africa at the Joburg Indaba 2016 intended to provide his perspective on what he believed could be achieved by the mining industry as a result of the collective and aligned efforts of all stakeholders. Looking at the agenda for this year’s Indaba, it is clear that delegates will be expected to consider how the industry will make further meaningful progress towards realising a vision of a modernised industry. “A modern mining industry will optimally extract and beneficiate the country’s natural resources, causing no harm to people or the planet. It benefits both the local community as well as the national economy. It procures locally, it is a preferred employer of well-skilled people and creates appropriate risk-adjusted returns for investors,” Froneman said. http://www.miningne.ws/2016/10/05/all-hands-on-deck-for-mining-turnaround/


Giving Zuma the boot will boost the economy. Pityana
Ezra Claymore

ANC stalwart and businessman Sipho Pityana has made no secret of his disapproval of how Jacob Zuma is running the ANC and the country.He’s often called for the president to do the ‘right’ thing and step down, and believes that el presidente’s resignation would be a step in the right direction for the country’s economic recovery.“The things that are holding back the performance of our economy hinge around the lack of policy certainty and around perceptions of high levels of corruption, as well as governance of SOEs. All revolve around the president,” Pityana told journalists at the Joburg Indaba on Wednesday.  http://www.thesouthafrican.com/giving-zuma-the-boot-will-boost-the-economy-pityana-video/ 


Mynbou se nuwe handves dalk einde Oktober klaar
Elvira Wood- Netwerk24

Godfrey Oliphant, adjunkminister vir minerale bronne, sê die departement hoop om gesprekke oor die nuwe Mynbouhandves teen einde Oktober af te handel.http://www.netwerk24.com/Sake/Mynbou/mynbouhandves-dalk-einde-oktober-klaar-20161005 


Meganisasie mynwese se voorland
Elvira Wood- Netwerk24

Suid-Afrikaanse myne gaan moet meganiseer as hulle mededingend wil bly. http://www.netwerk24.com/Sake/Mynbou/meganisasie-mynwese-se-voorland-20161005


Sipho Pityana: ‘Zuma moet gaan!’
Elvira Wood-Netwerk24

“Onder die nie so uitstekende pres. Jacob Zuma se leiding is die olifant in die vertrek ’n president sonder integriteit en waardigheid.”.http://www.netwerk24.com/Sake/Mynbou/sipho-pityana-zuma-moet-gaan-20161005

 


Ugly showdown over 'corrupt' Zuma at Joburg mining indaba
Allan Seccombe- Rand Daily Mail

In the face of a hostile reception and a warning from the deputy mines minister‚ AngloGold Ashanti chairman Sipho Pityana said President Jacob Zuma was the “sponsor in chief of corruption” in the government and had to go.Godfrey Oliphant‚ the deputy mineral resources minister‚ said at the opening of the third Joburg Indaba‚ a mining conference‚ that he did not want to hear continued criticism of the government without any solutions offered and that a change in presidency could not be forced.

“If you carry on like that we will return in kind
” he said.Pityana ignored the warning and in a blistering address to the audience‚ which gave him a long standing ovation‚ he called on business and broader society to unite in an unambiguous message to the ANC-led government that corruption and decisions made for narrow interests would no longer be tolerated. “Leaders found guilty of corruption or misrepresentation no longer fall on their swords for the greater good. These days they remain in office‚ inured to the shame of public opprobrium and cheered on by their superiors. And why not‚ when we have a president who literally laughs off any suggestion that government be held to a higher standard — and is‚ in fact‚ the sponsor-in-chief of corruption?” Pityana said.

http://www.rdm.co.za/politics/2016/10/05/ugly-showdown-over-corrupt-zuma-at-joburg-mining-indaba


SA mines must rectify past injustices, Sibanye CEO says
Kevin Crowley, Bloomberg 

The failure of South Africa’s mining industry to rectify the injustices of its apartheid-era past is in large part to blame for today’s difficult operating environment, where mines face changing government regulations and labor strife, according to Sibanye Gold Chief Executive Officer Neal Froneman. “We need to critically and honestly acknowledge the role of our industry where it acted against the interests of the vast majority of South Africans if we wish to secure full reconciliation with our broader society,” Froneman said at a dinner in Johannesburg on Tuesday night before the start of Joburg Indaba, an annual mining conference. “We have, ladies and gentlemen, a past that continues to taint our present.” South Africa’s mining industry, which has the world’s biggest reserves of platinum, third-largest stores of gold and is the biggest manganese producer, has been hit by frequent labor strikes and an uncertain regulatory environment. The Chamber of Mines, which represents mining companies, took the government to court earlier this year over plans to force mines to cede 26% stakes to black investors even if they had already done so. The two sides are still negotiating a solution. http://www.moneyweb.co.za/news-fast-news/sa-mines-must-rectify-past-injustices-sibanye-ceo-says/


Mining in need of long-term strategic vision – Enoch Godongwana
Martin Creamer- Mining Weekly- 5 October 2016

South Africa is in need of a strategic vision that extends to 2030 for the mining industry, where growing trust between industry stakeholders points to a  common vision being achievable, African National Congress (ANC) Economic Transformation Committee chairperson Enoch Godongwana said on Wednesday.

His keynote call for a long-term strategic vision received nearly 90% digital voting support from the packed Joburg Indaba conference, where Godongwana emphasised the need to modernise mining.

http://www.miningweekly.com/article/mining-in-need-of-long-term-strategic-vision-enoch-godongwana-2016-10-05/rep_id:3650

 


Building a 'conference of substance'
Business Day (Late Final), Insights - 28 Sep 2016

RESOURCES 4 Africa was founded on the ideal of events that make a meaningful contribution to the industries for which they provide a platform and forum. Having.come from a journalism background Paula Munsie, founder and CEO of Resources 4 Africa, focused more on the research side of the media industry. As a consequence she ended up working for a UK conference company where her prime area was researching different industries. "I researched a lot of different industries. While in Dubai for a short time I gained some exposure to the mining industry as the.company I was working for had interests in both Australia and SA. "When I returned to SA I decided to start my own business, leveraging off my overseas conference experience to create an event that would be meaningful and offer value to an industry. https://www.gate5.co.za/read/74906/qv/43904643/137782532/5931/t 


Up the proverbial creek: SA mining needs paradigm shift
By: Danette Breitenbach
-Biz Community

We are living in interesting times, and nowhere is it more true than in the local mining industry. Facing external challenges - such as the commodities downturn - as well as internal ones - namely the continuing uncertain regulatory environment - it is the underlying ability of the industry to deal with these challenges that will determine whether it will have a future. The only way that the industry can do this is through clear thinking and leadership, says Roger Baxter, CEO of the Chamber of Mines of South Africa. Speaking at a pre-Joburg Indaba event, together with Niël Pretorius, DRDGold CEO, and Sipho Nkosi, non-executive chairman: talent10, Baxter was part of a panel that addressed the industry and its stakeholders on the cost of doing business in South Africa. http://www.bizcommunity.com/Article/196/608/151237.html


SA’s cost-of-doing-business ranking badly down – Chamber
Martin Creamer- Polity.org.za

South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings.On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number58, to position number 73.Revealing this at a pre-Joburg Indaba breakfast session on Tuesday, Chamber of Mines of South Africa CEO Roger Baxter also drew attention to the Fraser Institute placing South Africa eighty-first out of 109 countries on current mineral policy potential.http://www.polity.org.za/article/sas-global-cost-of-doing-business-ranking-badly-down-chamber-of-mines-2016-09-20


South African ‘Mining Hall of Fame’ on way – Swanepoel
Martin Creamer- Creamer Media Editor

Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted thatSouth Africa was the odd mining jurisdiction out in not having a mining hall of fame. “Every other mining jurisdiction has its own mining hall of fame but somehow, as South Africans, we’ve never done it,” Swanepoel said. Now, under the auspices of the Joburg Indaba, he is about to remedy this by unveiling inductees at a dinner ahead of next month’s conference on October 5 and 6. “We’ll have a significant number of inductees. We’ve found some blasts-from-the-past. We are not giving it to dead people and we’re not giving it to people from a previous regime. This will be a New South Africa Mining Hall of Fame," said Swanepoel, who added that nine people and possibly even ten would be inducted. http://www.engineeringnews.co.za/article/south-african-mining-hall-of-fame-on-way-swanepoel-2016-09-20


Mining executives’ packages and shareholder returns out of kilter
www.bdlive.co.za

THERE is a disconnect between the way mining executives are remunerated and the benefits flowing through to shareholders that has to be addressed, fund managers and analysts said on Wednesday, while one warned pension funds should not flow into gold mining shares. The criteria used to measure executives’ performance had to change to move their focus away from short-term share price gains rather than more profound operational measurements, the participants in a discussion said at the third Joburg Indaba mining conference. Read the full article here: http://www.bdlive.co.za/business/mining/2015/10/15/mining-executives-packages-and-shareholder-returns-out-of-kilter


Mining chiefs say Zuma should have consulted on minister replacement
www.bdlive.co.za

TWO senior figures in mining, Bobby Godsell and James Motlatsi, on Wednesday said the sudden replacement of the mineral resources minister was perplexing and it would have been better had President Jacob Zuma consulted on his decision. The industry was caught off guard when Ngoako Ramatlhodi was replaced by Mosebenzi Zwane last month. The relatively unknown Mr Zwane is perceived as tainted and encumbered with the "baggage" of being close to the politically connected Gupta family. Read the full article here: http://www.bdlive.co.za/business/mining/2015/10/15/mining-chiefs-say-zuma-should-have-consulted-on-minister-replacement


Mining firms forced to lead, says Froneman
www.bdlive.co.za

MINING companies increasingly took a leadership position in the industry after the government failed to play this role, Sibanye Gold CEO Neal Froneman said at the Joburg Indaba mining conference on Wednesday. The industry is headed for an intense discussion next month in a government-led initiative called Mining Phakisa, involving all stakeholders, to identify and unblock bottlenecks preventing investment in the sector and stifling growth. There was a real concern that the event would be just another talk shop, with no tangible outcomes, Mr Froneman said. "Hopefully we’re wrong and there will be real outputs and real solutions," he said. Read the full article here: http://www.bdlive.co.za/business/mining/2015/10/15/mining-firms-forced-to-lead-says-froneman

 


Leadership a hot topic at mining indaba
www.iol.co.za

Johannesburg - Retired businessman and former AngloGold Ashanti boss, Bobby Godsell, yesterday criticised the lack of leadership in the mining industry amid uncertainty following the recent appointment of little known Mosebenzi Zwane as Minister of Mineral Resources. Godsell was addressing captains of the mining industry on day one of the 2015 Joburg Indaba: Investing in Resources and Mining held in Johannesburg where he blamed President Jacob Zuma for playing musical chairs with the position of mining minister. Read the full article here: http://www.iol.co.za/business/companies/leadership-a-hot-topic-at-mining-indaba-1.1930202 


SA’s mining industry sees steep decline in financial performance
Insurance Gateway

SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures. JOHANNESBURG, South Africa, October 15, 2015/ -- The 2015 financial year has proved to be extremely challenging for South Africa’s mining industry. Local cost pressures, labour action, and a continuing downswing in commodity prices have resulted in shrinking margins and impairment provisions. Mining companies are grappling to improve productivity in order to address the demanding global and local mining environment. These are some of the findings from PwC’s seventh edition of ‘SA Mine’, a series of publications that highlights trends in the South African mining industry, released by PwC (http://www.pwc.com) today at the 2015 Joburg Indaba: Investing in Resources and Mining in Africa conference held in Sandton. Read the full article here: http://bit.ly/1RdarsO


Godsell calls for jailing of errant mine provident fund trustees
www.miningweekly.com

JOHANNESBURG (miningweekly.com) – Former Chamber of Mines president and current Business Leadership South Africa chairperson Bobby Godsell has called for the jailing of the trustees of mineworker pension and provident funds who have failed to deal with the huge backlog of billions of rands worth of fund payouts. Speaking at the Joburg Indaba, Godsell was responding to the comments of founding National Union of Mineworkers (NUM) president and current Teba executive chairperson James Motlatsi, who was lamenting the large number of former mineworkers who are entitled to benefits  involving considerable sums of money but are not receiving them. Read the full article here: http://www.miningweekly.com/article/godsell-calls-for-jailing-of-errant-mine-provident-fund-trustees-2015-10-15


Face-to-face with Joseph Mathunjwa - As he engages with the investment community for the first time
MiningMx

JOHANNESBURG – Association of Mineworkers and Construction Union (AMCU) leader Joseph Mathunjwa made his first entrance and engagement with the investment community at the Joburg Indaba on Thursday, which provided some fascinating insight into his thinking and mindset. The man has been notoriously hard to get a hold of and this meeting was certainly widely anticipated at the indaba – if the size of the crowd was any indication. He attended a plenary session alongside Impala Platinum CEO Terence Goodlace, which was chaired by the indaba’s organiser Bernard Swanepoel. Read the full article here: http://www.moneyweb.co.za/news/south-africa/face-to-face-with-joseph-mathunjwa/

 


Mathunjwa delivers rebuff to Phakisa
MiningMx

[miningmx.com] – THE South African government's Operation Phakisa, a programme aimed at tackling some of the mining sector's ills, will be convened without the participation of the Association of Mineworkers & Construction Union (AMCU). Speaking at the Joburg Indaba, a mining conference, Joseph Mathunjwa, president of the union, claimed not to know what Operation Phakisa was about, and added that his unions would not be attending. Read the ful article here: http://www.miningmx.com/page/news/markets/1654922-Mathunjwa-delivers-rebuff-to-Phakisa#.Vh_XYY2JjIV

 


Raising cash "extremely awkward": Goodlace
MiningMx

[miningmx.com] – IMPALA Platinum (Implats) CEO, Terence Goodlace, described the firm's recent R4bn capital raising programme as "extremely awkward" and said that the discussion over productivity was "becoming urgent". Speaking in a question and answer session at the Joburg Indaba, in which he was joined on stage by Joseph Mathunjwa, president of the Association of Mineworkers & Construction Union (AMCU), Goodlace said that combining the firm's capital needs with its social aims was a difficulty.Read the full article here: http://www.miningmx.com/page/news/platinum_group_metals/1654926-Raising-cash-extremely-awkward-Goodlace#.Vh_XSo2JjIV

 


PwC flags SA miner payout resolve
MiningMx

[miningmx.com] – SOUTH Africa's mining industry halved impairments and kept dividends stable in 2015, according to a report by PwC. However, the auditing firm questioned whether returns to shareholders were sustainable in 2016. In its report 'SA Mine:2015', released on the fringe of the Joburg Indaba mining conference, PwC also raised the possibility of restructuring by highly geared companies, more production cuts, and "the likelihood for retrenchments as a last resort". Read the full article here: http://www.miningmx.com/page/news/markets/1654910-PwC-flags-SA-miner-payout-resolve#.Vh9TeI2JjIV


Sibanye displays new mining machine at Joburg Indaba
www.miningweekly.com

JOHANNESBURG (miningweekly.com) – Precious metals mining company Sibanye Gold on Wednesday wheeled a new mining machine into the Joburg Indaba conference room to display the steps it is taking to modernise mining. The low-lying machine for South Africa’s stopes the height of a kitchen table has dozer and sweeper attachments and the drill rig comes with breaker for nonexplosive mining and also with a multi drill attachment for normal explosive mining. Read the full article here: http://www.miningweekly.com/article/sibanye-displays-new-mining-machine-at-joburg-indaba-2015-10-14


Mining bosses, investors discuss issues facing the resources sector: Bernard Swanepoel – chairman, The Joburg Indaba 
www.moneyweb.co.za

The Joburg Indaba, focused on mining and resources, started today up here in Gauteng. Key issues include the impact of commodity market forecasts on the industry, how investors are thinking about the sector, the pros and cons of beneficiation and much more. Bernard Swanepoel is the chairman of The Joburg Indaba and joins us now. Bernard, it’s good to have you with us. Thanks for your time. Let’s jump straight in. Today the Indaba heard from a number of mining bosses in a CEO panel discussion. I’d like to know if they were critical enough about how they are measuring up in a very tough environment. Read the full article here: http://www.moneyweb.co.za/moneyweb-radio/safm-market-update/mining-bosses-investors-discuss-issues-facing-the-resources-sector-bernard-swanepoel-chairman-the-joburg-indaba/?podcast=1


Phakisa opportunity to reset mining dialogue
www.miningweekly.com

JOHANNESBURG (miningweekly.com) – The upcoming government-led mining Phakisa represented a new opportunity to reset the dialogue for arrival at solutions to the many problems plaguing South Africa’s mining industry, the Joburg Indaba heard on Wednesday. “If we engage properly, we can make a real difference,” was Credit Suisse South Africa chairperson Rick Menell’s summing up of comments on Phakisa, or Hurry Up, made by a panel that included AngloGold Ashanti chairperson Sipho Pityana, De Beers Consolidated Mines chairperson Barend Petersen, Gold Fields chairperson Cheryl Carolus, and University of Pretoria vice-chancellor Professor Cheryl de la Rey. Read the full article here: http://www.miningweekly.com/article/phakisa-opportunity-to-reset-mining-dialogue-2015-10-14


Weak financial performance for SA mining sector in 2015 says PwC
Mining Review

The 2015 financial year has proved to be extremely challenging for the SA mining sector. Local cost pressures, labour action, and a continuing downswing in commodity prices have resulted in shrinking margins and impairment provisions. Mining companies are grappling to improve productivity in order to address the demanding global and local mining environment. These are some of the findings from PwC’s seventh edition of ‘SA Mine’, a series of publications that highlights trends in the South African mining industry, released by PwC today at the 2015 Joburg Indaba: Investing in Resources and Mining in Africa conference held in Sandton. Read the full article here: http://www.miningreview.com/weak-financial-performance-for-sa-mining-sector-in-2015-says-pwc/


Eunomix hosting beneficiation panel at Joburg Indaba 2015
www.miningweekly.com

Company Announcement - Advisory firm Eunomix is a premium sponsor at this year’s Joburg Indaba to be held on 14 & 15 October 2015 and will be hosting a discussion on beneficiation. Claude Baissac, Group CEO of Eunomix Business, will be part of a panel-style discussion on the topic of beneficiation. Claude and his team at Eunomix have extensive expertise in beneficiation on the African continent, having provided consulting services to private companies and published very well received public domain research. Claude is also regularly consulted by leading media, including Miningmx, Bloomberg and CNBC. Read the full article here: http://www.engineeringnews.co.za/article/eunomix-hosting-beneficiation-panel-at-joburg-indaba-2015-2015-10-12


Huge gold wealth in ground is patriotic challenge – Godsell
www.miningweekly.com

JOHANNESBURG (miningweekly.com) – South Africans should see as a patriotic challenge the mining of the remaining 30 000 t to 40 000 t of gold still in the ground in South Africa, which would be a source of great wealth for the country, former AngloGold Ashanti CEO and current Business Leadership South Africa chairperson Bobby Godsell said on Wednesday. Speaking at the Joburg Indaba along with former National Union of Mineworkers (NUM) president James Motlatsi, Godsell said the mining industry owed it to South Africa to extract as much as possible of the remaining vast gold wealth still underground. Read the full article here: http://www.miningweekly.com/article/huge-gold-wealth-in-ground-is-patriotic-challenge-godsell-2015-10-14


Godsell critical of Ramatlhodi, Zwane change
MiningMx

[miningmx.com] – FORMER mining industry leaders weighed into the debate regarding the replacement of South African mines minister, Ngoako Ramalthodi, with the relatively unknown Free State politician, Mosebenzi Zwane. Speaking at the Joburg Indaba, a mining conference, former AngloGold Ashanti CEO, Bobby Godsell, said it was "... a very strange time" to have moved Ramatlhodi only 18 months into the job. Read the full article here: http://www.miningmx.com/page/news/markets/1654900-Godsell-critical-of-Ramatlhodi-Zwane-change#.Vh6fL_mqqko


Gold sector’s demise: Bristow blames fund managers
www.iol.co.za

Johannesburg - South African businessman and chief executive at London-listed Randgold Resources Mark Bristow yesterday blamed fund managers for contributing to the demise of the gold mining industry. "I blame fund managers. The allocation of capital has been a disaster. They have been allowed to manage a long-term industry on a quarterly basis,” he told journalists yesterday, ahead of the 2015 Joburg Indaba: Investing in Resources and Mining scheduled to start today. Read the full article here: http://www.iol.co.za/business/news/gold-sector-s-demise-bristow-blames-fund-managers-1.1929519#.Vh6d_vmqqko


Commodity prices won't return to past high levels – Bristow
Mining Weekly

JOHANNESBURG (miningweekly.com) – An examination of global commodity price scenarios showed that commodity prices were poised to remain low for long and not return to the high super cycle levels of the past, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Oil storage the world over was full, which would keep oil prices down, and to deplete iron-ore stocks in China would take six years at the current rate of consumption. Read the full article here: http://www.miningweekly.com/article/numbers-show-world-economys-stuffed-bristow-2015-10-13


Mining’s big names to gather in Johannesburg
Mining Weekly

Africa's mining elite will discuss tangible ways in which investors and industry owners can interact about challenges and opportunities in the mining industry later this month at the Inanda Club in Johannesburg, Gauteng, during the Joburg Indaba, states Joburg Indaba founder and event organisers Resources 4 Africa CEO Paula Munsie. “The essence of this event – set to take place on October 14 and 15 – is facilitating conversations between industry players and stakeholders, rather than an exhibition of products and services,” she states. Read the full article here: http://www.miningweekly.com/article/minings-big-names-to-gather-in-johannesburg-2015-10-02

 


Mark Bristow to speak at new pre-Joburg Indaba dinner
Mining Weekly

The 2015 Joburg Indaba’s pre-Indaba dinner will host West African gold producer Randgold Resources CEO Mark Bristow as its guest speaker. This is the first time the dinner will be held to signal the beginning of the Joburg Indaba, which will take place on October 13 in the Polo Room of the Inanda Club in Johannesburg, Gauteng, which is also the venue of the event. Read the full article here: http://www.miningweekly.com/article/mark-bristow-to-speak-at-new-pre-joburg-indaba-dinner-2015-10-02


Joburg Indaba to discuss SA’s competitiveness
Mining Weekly

The 2015 Joburg Indaba is set to attract a significant number of mining industry stakeholders, particularly at executive level, states independent investment business Coronation Fund Managers analyst Henk Groenewald. He says this should help further the conversation on recovering South Africa’s competitiveness, which he expects to be highlighted at this year’s event. Read the full article here: http://www.miningweekly.com/article/joburg-indaba-to-discuss-s-africas-competitiveness-analyst-2015-10-02


This year’s Joburg Indaba slated for mid-October
Mining Weekly

2015 Joburg Indaba will paint a picture of how the future mining industry will be defined and what stakeholders will implement, asserts investment conference organiser Resources 4 Africa. The 2015 Joburg Indaba, which will take place at the Inanda Club, in Johannesburg, from October 14 to 15, aims to provide a positive narrative in overcoming industry challenges and progress to a better future and cross over the bridge into the “promised land”. Read the full article here: http://www.miningweekly.com/article/2015-joburg-indaba-aims-to-be-a-window-to-the-future-of-mining-sector-2015-08-14 


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