6 Nov 2012

Mining

 



We're last in class

So what are we going to do about it? We all know our state education system is a shambles, and now that has been confirmed after SA was rated as bottom of class in maths and science. It's yet another extremely dubious "honour" this country has earned. The question is: how will our shambolic "education" system be fixed?

And if you are in the NPO sector, it's time to be afraid, very afraid... According to
Inyathelo executive director Shelagh Gastrow, if proposed amendments affecting the BEE code go through as is, NPOs and charities could go under - and that means many thousands of children and adults currently being helped, will be affected.

Trying to benefit our exports by 'managing' the rand will not help exporters say a number of experts. In any event, one says, the market is far too large for us to influence it to any effective extent.

Higher Education and Training Minister Blade Nzimande says bankers need to be taught courses in sociology, apparently in order to develop a social consciousness about the effects of lending.

And to end, Bizcom's very own "brute in a suit", motoring editor Henrie Geyser, says the new Chevrolet Trailblazer is - just as he is...a brute in a suit.

Rod Baker, content director

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Mining


SA mining sector to benefit from renewable-energy drive
According to BDLive, the SA mining sector stands to benefit from the global move towards renewable energy because the country produces a number of the minerals on which that industry relies. Read more >>

Any takers for Cynthia Carroll's vacated seat?
While the market is awash with speculation over who should take up Cynthia Carroll's position as Anglo American's CEO, it is clear that her successor faces a tough task, particularly in terms of stabilising the company's South African operations, the Mail & Guardian says. Read more >>

It's a waiting game between Amplats and the suspended workers
North West police spokesman, Warrant Officer Sam Tselanyane, said people were gathered at a stadium near Amplats' Khusaleka mine and that there had been no problems, TimesLIVE reports. Read more >>

SARB: slow SA economy growth due to strikes
Fin24 reports that The South African Reserve Bank (SARB) warned that mining strikes would likely curb economic growth for the rest of the year. Read more >>

Voorspoed plans to ramp up production
The Voorspoed mine owned by De Beers was ramping up production by a third to 800,000 carats over the next two years, the mine's GM, Mpumi Zikalala, said on Friday. Read more >>

Mines


Amplats workers to continue strike
[Natasha Marrian] Anglo American Platinum workers are determined to continue their wildcat strike until their demand for a R16‚000 are met‚ amid what they describe as increasing police repression‚ strike committee members said on Wednesday. Read more >>

Amplats to reinstate dismissed workers: NUM
[Carol Paton] According to the National Union of Mineworkers (NUM) Anglo American Platinum on Friday did an about turn‚ agreeing to reinstate all dismissed workers after negotiations with the NUM and worker representatives from its Rustenburg and Limpopo mines. Read more >>

Striking miners return to work at Kusasalethu
Harmony Gold Mining Company says that 98% of the total workforce had returned to work at Kusasalethu near Carletonville. Read more >>

7,000 Gold Fields workers appeal against dismissal
Gold Fields Limited reports says that more than 7‚000 of the 8‚100 employees that were dismissed at KDC East (formerly Kloof Gold Mine) on Tuesday‚ have lodged appeals against their dismissal. Read more >>

Mining industry's unfavourable conditions call for inspired leadership
According to BDlive, market conditions have not been favourable to the mining industry, following on the developments at Marikana, and the subsequent illegal labour strikes at other mining operations in the platinum, gold and coal sectors. The spotlight is now solidly directed onto the mining industry and, in particular, the platinum group metals sector. Read more >>


International
Low coal price shuts New Zealand mine
WELLINGTON - New Zealand's largest coal producer Solid Energy said it is mothballing its Spring Creek mine with the loss of more than 200 jobs, blaming "extremely weak global markets". Read more >>

More International...


Company news

Mining


Junior Mining & Exploration Conference and Exhibition - IIR BV SA
The Junior Mining & Exploration Conference & Exhibition, taking place 6-8 November at Turbine Hall, Newtown, Johannesburg, is primed as the platform to explore the latest opportunities and success strategies for junior to mid-tier mining companies - from exploration to production within southern Africa. Read more >>

Biz Charity Challenge: let's all help together - Bizcommunity
With the festive season fast approaching, Bizcommunity.com would like to challenge our readers, clients and partners to think of those less fortunate. Help us raise funds, bedding and toys for our two chosen charities and the company raising the most will be given two free press office releases for the festive season, in the industry of your choice, to promote whatever you like. Read more >>


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