TKAG wants Karoo exploration delayed until conclusion of enviro assessment
The Treasure the Karoo Action Group (TKAG) on Friday called on government to delay publishing final regulations and issuing rights for shale gas exploration in the Karoo, until a 24-month strategic environmental assessment (SEA) has been concluded. TKAG CEO Jonathan Deal said in an open letter addressed to Mineral Resources Minister Advocate Ngoako Ramatlhodi, Deputy Minister Godfrey Oliphant and director-general Dr Thibedi Ramontja that the SEA should inform regulations and the way forward.
(Fri, 22 May 2015 15:53:00 +0200)
NUM union wants 84% pay increase for gold workers
South Africa's National Union of Mineworkers (NUM) will push for an 84% rise in basic pay for entry-level gold mining workers, a near 10 percentage-point increase on previous demands, according to documents obtained by Reuters on Thursday.
They show that the NUM, which represents 57% of the workforce in the gold-mining industry, want employers to pay entry-level workers a basic R10 500 a month.
(Fri, 22 May 2015 08:39:00 +0200)
Buffalo considers restructuring, placed under TSX delisting review
Troubled coal miner Buffalo Coal said on Friday that it would continue to consider restructuring alternatives at its Dundee operations, in KwaZulu-Natal, and advised shareholders that it was under a TSX delisting review. The dual-listed South Africa-focused company’s finances were under strain, despite a recent increase in productivity, which saw first-quarter production increasing by 53% quarter-on-quarter to 473 000 t.
(Fri, 22 May 2015 16:35:00 +0200)
European mining seemingly regaining lost lustre as at least one mine opens each year since 2008
Europe is remarkable in that its mining industry predates the Roman Empire, yet large portions of unexplored territories with highly prospective resources remain, says European metals and minerals mining representative body Euromines president Mark Rachovides. Mattia Pellegrini, head of the raw materials, metals, minerals and forest-based industries unit of the European Commission* Directorate-General for the Internal Market, Industry, Entrepreneurship and Small and Medium-sized Enterprises, tells Mining Weekly that the body recently commissioned a study to assess the competitiveness of the European mining industry. The results highlighted that the 28 member countries of the European Union (EU) have an active nonenergy extractive industry that produces a wide range of commodities.
(Fri, 22 May 2015 08:00:00 +0200)
First copper from DRC-China deal due by year end – govt
A joint venture between Democratic Republic of Congo's (DRC's) State miner and two Chinese companies, signed under a 2009 "minerals for infrastructure" deal, will begin producing copper before the end of 2015, the DRC's government said on Thursday.
Under the deal Chinese companies pledged to build $3-billion worth of roads, railways, schools, and hospitals in return for a 68% stake in a joint venture operating copper plants with state miner Gecamines in the southern Katanga province.
(Fri, 22 May 2015 09:02:00 +0200)
Tanzania's gold output rises in 2014, snaps two-year decline
Tanzania's gold output edged up 1.26% in 2014 to 1.27-million ounces, snapping a two-year decline, government data showed on Friday.
Tanzania is Africa's fourth-biggest gold producer after South Africa, Ghana and Mali and gold exports are a key source of foreign exchange. Export earnings however fell last year, reflecting lower metal prices globally.
(Fri, 22 May 2015 11:27:00 +0200)
Zimbabwe's first-quarter gold production up 25%
Zimbabwe's gold production rose 25% to 4 180 kg in the January-March quarter after small gold milling companies increased output, the country's chamber of mines said on Thursday.
The chamber projected gold production for the year as a whole of 16 721 kg, up 8.7% from last year.
(Fri, 22 May 2015 09:28:00 +0200)
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