| LEGISLATIVE ENVIRONMENT |
| One mining job benefits 26 others – Bafokeng study |
| For every one person who works on a mine in South Africa, 26 other people benefit, South Africa's second anti-mine-nationalisation research document finds. The 370-page study, which was funded by the mining-dependent Bafokeng community, follows the publication by the ruling African National Congress of the State Intervention In the Minerals Sector (Sims) document, which also rejects mine nationalisation. Full Article |
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| LOCOMOTIVES |
| Transnet issues tenders for the acquisition of 1 064 locomotives |
 | State-owned freight logistics group Transnet has issued two large tenders for the procurement of 1 064 locomotives for its general freight business (GFB) – the acquisition programmes, which will be implemented between 2013 and 2019, could involve an investment of R35-billion. In what is arguably the group's largest-ever single tender, Transnet has issued a request for proposals (RFP) for the supply of 599 new dual-voltage electric locomotives. In addition, tenders have been invited for 465 new diesel locomotives. Full Article |
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| COURT ACTION |
| UK court orders Anglo to disclose documents to SA gold miners |
| A UK High Court judge on Monday ordered Anglo American South Africa to disclose an array of documents to more than 1 500 of its former employees who were suing it for silicosis. The claimants were mine workers who worked on Anglo's gold mines in South Africa up to 1998. Full Article |
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| COPPER |
| Palabora expects sharp drop in half-year earnings |
| JSE-listed copper miner Palabora Mining on Monday reported that its headline earnings a share could drop to R264-million for the six months ended June, sending shares down 12%. This compares with headline earnings a share of R764-million reported in the comparative period of the previous financial year. Full Article |
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| IRON-ORE |
| Guinea says BHP to quit Mount Nimba iron project |
| BHP Billiton, the world's largest mining company, has informed Guinea of its plans to pull out its Mount Nimba iron-ore project there, a mines ministry official said on Monday, confirming a weekend report by Britain's Sunday Times. "We've known about the decision to pull out for some time," Saadou Nimaga, legal counsel for the mines ministry, told Reuters. Full Article |
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| COAL |
| Wescoal granted mining right over Intibane |
| JSE-listed Wescoal is a step closer to achieving its stated goal of producing four-million tons a year of coal by 2016, as the Department of Mineral Resources granted it a mining right over the Intibane Colliery near Witbank. Consisting of portions 12 and 16 of the company's Vlakvarkfontein farm, the Intibane project has 4 Seam and 2 Seam present. Full Article |
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| GOLD |
| Zimbabwe Jan-June gold output up 29% |
| Zimbabwe's gold production rose 29% to 7.2 t in the first six months of this year, generating $377-million in revenue, data from the mining chamber showed on Monday. The southern African nation's gold mining sector is recovering from an economic crisis that peaked in 2008 when hyperinflation reached 500billion percent and forced most mines to shut. Full Article |
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| IRON-ORE |
| Vale's huge iron-ore ship back in service after maiden accident |
| Vale Beijing, one of the world's largest dry bulk carriers, is back in service seven months after being damaged while loading its maiden cargo, amid indications that China eventually plans to allow similar huge vessels to dock at its ports. The December 6 accident at the Brazilian port of Ponta da Madeira was a major setback for Vale SA, the world's second-largest mining company, in its campaign to cut freight costs to China using an unprecedented fleet of 35 Valemax very large ore carriers. Full Article |
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| OIL & GAS |
| DRC oil discoveries could pose threat to stability – report |
| Renewed oil interest in the Democratic Republic of Congo (DRC) represented a "real threat" to the stability of that country, a report released by nongovernmental organisation International Crisis Group (ICG) has stated. The organisation warned that oil prospecting could nurture old resentments among local communities and could contribute to border tensions with neighbouring countries. Full Article |
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| EXPLORATION |
| Metallurgical test work points to capex savings for Baobab |
| Mineral exploration and development company Baobab Resources MD Ben James said on Monday that recent metallurgical test work at the Tete project, in Mozambique, has shown the potential to make significant savings in the start-up capital expenditure (capex). The London-listed company, which owns 85% of the project, stated the test work proved that the iron-ore could be sufficiently upgraded to a concentrate of smelter-feed specification through low-cost, coarse crushing. Full Article |
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