Mining sector sees growth in second quarter
The growth recorded by the mining sector in the second quarter reaffirms the importance of all partners in the industry to work together in an effort to contribute positively to the growth of the economy. The Department of Mineral Resources on Tuesday noted that the sector grew by 4.9%... Read more
SA, Russia seek sustainable growth for platinum sector
Mineral Resources Minister Mosebenzi Zwane has called on South Africa and Russia to work together to look at ways of ensuring demand sustainability in the platinum group metals industry in the face of falling commodity prices. “Being the two largest producers of these metals, in particular, platinum and palladium,... Read more
President awaits Parliament to finalise mineral resources bill
President Jacob Zuma is still waiting for Parliament to finalise the Mineral and Petroleum Resources Development Amendment (MPRDA) Bill. President Zuma in January 2015 referred the MPRDA Bill back to the National Assembly for reconsideration. The bill was passed by Parliament in 2014 and referred to the President for... Read more
Petrol price to increase by 67 cents
Cash strapped consumers will have to dig deeper into their pockets as the petrol price is set to increase by 67 cents on Wednesday. The Department of Energy announced that both grades of 93 and 95 (ULP and LRP) will increase by 67 cents. This means that consumers, who... Read more
DMR welcomes undertaking to save jobs at Tegeta
The Department of Mineral Resources has welcomed the undertaking to save employees’ jobs in the sale of Tegeta Exploration and Resources. The department said it has been duly informed by Oakbay Investments of the effective sale of its Tegeta Exploration and Resources business to another company. The department said... Read more
Minister Zwane: Chamber of Mines consulted on Mining Charter
Mineral Resources Minister Mosebenzi Zwane says the Chamber of Mines was consulted on the draft of the Mining Charter. The Minister stated this in his answering affidavit, which he filed on Monday in the High Court of South Africa (Gauteng Division, Pretoria) in the matter between the Chamber of... Read more
Minister saves 3,000 mining jobs
About 3,000 jobs have been saved in the mining sector following Mineral Resources Minister Mosebenzi Zwane’s approval of Lonmin’s application to acquire Anglo Platinum’s 42.5% stake in Pandora, a joint venture between Lonmin and Anglo Platinum. The company was due to be placed under care and maintenance, thus placing... Read more
ConCourt rules Diamond Act constitutional
Mineral Resources Minister Mosebenzi Zwane has welcomed a ruling which states that section 20A of the Diamonds Act, 1986 (as amended) is not unconstitutional. The ruling confirmed the legitimacy of government’s authority to monitor the movement of unpolished diamonds, thereby effectively putting an end to the illegal practices at... Read more
National monument commenorating mining disasters planned
The South African government’s tender edition 625 has been released. In this edition, the Mine Health and Safety Council is looking for interested parties who wish to construct and install a national monument (memorial wall & sculpture) to commemorate mining disasters, to be erected at the new-town cultural precinct in... Read more
North West sees development with revised mining charter
The North West Provincial Government has welcomed the newly revised Mining Charter, saying it will improve the lives of ordinary people living in impoverished villages, townships and small towns. North West Premier Supra Mahumapelo said the charter will benefit the communities who live in mining towns in the province.... Read more